IXAQF (IXAQF) - Net Assets
Based on the latest financial reports, IXAQF (IXAQF) has net assets worth $4.30 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.99 Million) and total liabilities ($15.69 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 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.30 Million |
| % of Total Assets | 21.51% |
| Annual Growth Rate | -70.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 41.55 |
IXAQF - Net Assets Trend (2021–2024)
This chart illustrates how IXAQF's net assets have evolved over time, based on quarterly financial data. Also explore IXAQF asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for IXAQF (2021–2024)
The table below shows the annual net assets of IXAQF from 2021 to 2024. For live valuation and market cap data, see how much is IXAQF worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 565997400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.95 Million | 354.60% |
| Total Equity | $5.34 Million | 100.00% |
IXAQF Competitors by Market Cap
The table below lists competitors of IXAQF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KUYA SILVER CORP.
F:6MR1
|
$56.73 Million |
|
Tirupati Forge Limited
NSE:TIRUPATIFL
|
$56.74 Million |
|
WIZIT Co. Ltd
KQ:036090
|
$56.75 Million |
|
Air T Inc
NASDAQ:AIRT
|
$56.78 Million |
|
Thai Solar Energy Public Company Limited
BK:TSE
|
$56.70 Million |
|
Litemax Electronics
TWO:4995
|
$56.68 Million |
|
Atakule Gayrimenkul Yatirim Ortakligi AS
IS:AGYO
|
$56.68 Million |
|
C-Tech United
TWO:3625
|
$56.66 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 2023 to 2024, total equity changed from 21,925,401 to 5,344,062, a change of -16,581,339 (-75.6%).
- Net loss of 2,275,000 reduced equity.
- Share repurchases of 14,306,363 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.27 Million | -42.57% |
| Share Repurchases | $14.31 Million | -267.71% |
| Other Changes | $24.00 | +0.0% |
| Total Change | $- | -75.63% |
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
- Current price-to-book ratio: 5.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.66x to 5.79x over the analyzed period, suggesting growing market confidence.
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 |
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): -42.57%
- 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: 3.55x
- Recent ROE (-42.57%) is below the historical average (-3.91%), suggesting potential challenges in 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 |
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: $224,857,490
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IXAQF (IXAQF) | $4.30 Million | 4.41% | 3.65x | $56.72 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $230.18 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.25 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $235.74 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $69.76 Million | 0.25% | 0.01x | $163.82 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $-4.24K | 0.00% | 0.00x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $115.20 Million | 2.86% | 0.05x | $49.57 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 technology, media and telecommunications, and information and communication technology industries, as well as companies operating in telecommunic… Read more