IXAQF (IXAQF) - Net Assets
Based on the latest financial reports, IXAQF (IXAQF) has net assets worth $-6.73 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.16 Million) and total liabilities ($15.89 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check IXAQF tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-6.73 Million |
| % of Total Assets | -73.43% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 82.75 |
IXAQF - Net Assets Trend (2021–2025)
This chart illustrates how IXAQF's net assets have evolved over time, based on quarterly financial data. See IXAQF defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for IXAQF (2021–2025)
The table below shows the annual net assets of IXAQF from 2021 to 2025. For live valuation and market cap data, see how much is IXAQF worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-6.73 Million | -225.87% |
| 2024-12-31 | $5.34 Million | -75.63% |
| 2023-12-31 | $21.93 Million | -90.09% |
| 2022-12-31 | $221.17 Million | +4.39% |
| 2021-12-31 | $211.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IXAQF's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 375759400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $17.94 Million | % |
| Total Equity | $-15.51 Million | 100.00% |
IXAQF Competitors by Market Cap
The table below lists competitors of IXAQF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Synthaverse S.A.
WAR:SVE
|
$56.72 Million |
|
KUYA SILVER CORP.
F:6MR1
|
$56.73 Million |
|
Flanigans Enterprises Inc
NYSE MKT:BDL
|
$56.74 Million |
|
Big Sunshine Co Ltd
TW:1475
|
$56.78 Million |
|
Aquila European Renewables Income PLC
LSE:AERI
|
$56.72 Million |
|
Pesona Metro Holdings Bhd
KLSE:8311
|
$56.71 Million |
|
TROPHY GAMES Development AS
CO:TGAMES
|
$56.71 Million |
|
Ildong Holdings Co Ltd
KO:000230
|
$56.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IXAQF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,344,062 to -15,507,857, a change of -20,851,919 (-390.2%).
- Net loss of 842,099 reduced equity.
- Share repurchases of 11,228,599 reduced equity.
- Other factors decreased equity by 8,781,221.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-842.10K | -5.43% |
| Share Repurchases | $11.23 Million | -72.41% |
| Other Changes | $-8.78 Million | -56.62% |
| Total Change | $- | -390.19% |
Book Value vs Market Value Analysis
This analysis compares IXAQF's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $18.27 | $12.06 | x |
| 2022-12-31 | $7.69 | $12.06 | x |
| 2023-12-31 | $1.41 | $12.06 | x |
| 2024-12-31 | $2.08 | $12.06 | x |
| 2025-12-31 | $-10.93 | $12.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IXAQF utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-3.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 4.41% | 0.00% | 0.00x | 1.10x | $-11.85 Million |
| 2022 | 4.20% | 0.00% | 0.00x | 1.06x | $-12.83 Million |
| 2023 | 18.33% | 0.00% | 0.00x | 1.44x | $1.83 Million |
| 2024 | -42.57% | 0.00% | 0.00x | 3.55x | $-2.81 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $708.69K |
Industry Comparison
This section compares IXAQF's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IXAQF (IXAQF) | $-6.73 Million | 4.41% | N/A | $56.72 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About IXAQF
IX Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on companies in the technology, media and telecommunications, and information and communication technology industries, as well as companies operating in telecomm… Read more