Black Spade Acquisition III Co (BIII) - Net Assets
Based on the latest financial reports, Black Spade Acquisition III Co (BIII) has net assets worth $167.69 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 ($174.82 Million) and total liabilities ($7.13 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 equity quality of Black Spade Acquisition III Co to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $167.69 Million |
| % of Total Assets | 95.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Black Spade Acquisition III Co - Net Assets Trend (2025–2025)
This chart illustrates how Black Spade Acquisition III Co's net assets have evolved over time, based on quarterly financial data. Explore Black Spade Acquisition III Co cash flow conversion to assess how effectively this company generates cash.
Annual Net Assets for Black Spade Acquisition III Co (2025–2025)
The table below shows the annual net assets of Black Spade Acquisition III Co from 2025 to 2025. For live valuation and market cap data, see Black Spade Acquisition III Co stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-61.38K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Black Spade Acquisition III Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- No equity composition insights available.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $25.00K | % |
| Total Equity | $-61.38K | 100.00% |
Black Spade Acquisition III Co Competitors by Market Cap
The table below lists competitors of Black Spade Acquisition III Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wei Chih Steel Industrial Co Ltd
TW:2028
|
$171.50 Million |
|
Southland Holdings Inc.
NASDAQ:SLND
|
$171.54 Million |
|
Samaiden Group Bhd
KLSE:0223
|
$171.58 Million |
|
HUYA Inc
NYSE:HUYA
|
$171.59 Million |
|
QINGCI GAMES INC. -00001
F:Z56
|
$171.45 Million |
|
Mainstreet Bank
NASDAQ:MNSB
|
$171.45 Million |
|
Surgical Science Sweden AB
ST:SUS
|
$171.44 Million |
|
Photocure
OL:PHO
|
$171.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Black Spade Acquisition III Co's equity between the two most recent reporting periods.
Insufficient data available to analyze equity growth attribution.
Book Value vs Market Value Analysis
This analysis compares Black Spade Acquisition III Co'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 |
|---|---|---|---|
| 2025-12-31 | $0.00 | $9.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Black Spade Acquisition III Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Insufficient data available to analyze capital efficiency metrics.
Industry Comparison
This section compares Black Spade Acquisition III Co's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $195,667,826
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Black Spade Acquisition III Co (BIII) | $167.69 Million | N/A | 0.04x | $171.47 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $233.06 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $267.11 Million |
| Ares Acquisition Corporation II (AACT) | $952.33 Million | 0.00% | 0.06x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $301.50 Million | 78.14% | 9.62x | $388.34K |
| Altenergy Acquisition Corp (AEAE) | $-7.47 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 | $390.44 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $72.31 Million | 3.53% | 0.02x | $101.35 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 |
About Black Spade Acquisition III Co
Black Spade Acquisition III Co focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. The company was incorporated in 2025 and is based in Central, Hong Kong.