Mountain & I Acquisition Co Corp (MCAA) - Net Assets
Based on the latest financial reports, Mountain & I Acquisition Co Corp (MCAA) has net assets worth $79.63 Million USD as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($96.04 Million) and total liabilities ($16.41 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 tangible net worth ratio of Mountain & I Acquisition Co Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $79.63 Million |
| % of Total Assets | 82.91% |
| Annual Growth Rate | -2.38% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.91 |
Mountain & I Acquisition Co Corp - Net Assets Trend (2000–2023)
This chart illustrates how Mountain & I Acquisition Co Corp's net assets have evolved over time, based on quarterly financial data. See MCAA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mountain & I Acquisition Co Corp (2000–2023)
The table below shows the annual net assets of Mountain & I Acquisition Co Corp from 2000 to 2023. For live valuation and market cap data, see Mountain & I Acquisition Co Corp (MCAA) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $115.09 Million | -50.22% |
| 2022-12-31 | $231.19 Million | +0.53% |
| 2021-12-31 | $229.96 Million | +14.84% |
| 2000-12-31 | $200.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mountain & I Acquisition Co Corp'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 decreased by 903407900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $129.87 Million | 112.85% |
| Total Equity | $115.09 Million | 100.00% |
Mountain & I Acquisition Co Corp Competitors by Market Cap
The table below lists competitors of Mountain & I Acquisition Co Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Selvita S.A.
WAR:SLV
|
$157.83 Million |
|
DAEA TI Co. Ltd
KQ:045390
|
$157.84 Million |
|
Dollar Industries Limited
NSE:DOLLAR
|
$157.88 Million |
|
Berkeley Energia Ltd
AU:BKY
|
$157.89 Million |
|
KVH Industries Inc
NASDAQ:KVHI
|
$157.74 Million |
|
CERENO SCIENTIFIC AB B
F:4A1
|
$157.72 Million |
|
Hooker Furniture Corporation
NASDAQ:HOFT
|
$157.68 Million |
|
Kafrit
TA:KAFR
|
$157.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mountain & I Acquisition Co Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 231,189,876 to 115,087,916, a change of -116,101,960 (-50.2%).
- Net income of 4,708,000 contributed positively to equity growth.
- Share repurchases of 120,810,086 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.71 Million | +4.09% |
| Share Repurchases | $120.81 Million | -104.97% |
| Other Changes | $126.00 | +0.0% |
| Total Change | $- | -50.22% |
Book Value vs Market Value Analysis
This analysis compares Mountain & I Acquisition Co Corp'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: 1.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.42x to 1.87x 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 | $8.00 | $11.39 | x |
| 2022-12-31 | $11.56 | $11.39 | x |
| 2023-12-31 | $6.10 | $11.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mountain & I Acquisition Co Corp 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): 4.09%
- 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: 1.13x
- Recent ROE (4.09%) is above the historical average (1.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -0.09% | 0.00% | 0.00x | 1.04x | $-23.21 Million |
| 2022 | 1.62% | 0.00% | 0.00x | 1.04x | $-19.36 Million |
| 2023 | 4.09% | 0.00% | 0.00x | 1.13x | $-6.80 Million |
Industry Comparison
This section compares Mountain & I Acquisition Co Corp'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 |
|---|---|---|---|---|
| Mountain & I Acquisition Co Corp (MCAA) | $79.63 Million | -0.09% | 0.21x | $157.81 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 Mountain & I Acquisition Co Corp
Mountain & Co. I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Wilmington, Delaware.