Canna Global Acquisition Corp (CNGL) - Net Assets
Based on the latest financial reports, Canna Global Acquisition Corp (CNGL) has net assets worth $975.28K USD as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.83 Million) and total liabilities ($11.85 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 CNGL financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $975.28K |
| % of Total Assets | 7.6% |
| Annual Growth Rate | -93.04% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 0.18 |
Canna Global Acquisition Corp - Net Assets Trend (2021–2023)
This chart illustrates how Canna Global Acquisition Corp's net assets have evolved over time, based on quarterly financial data. Also explore Canna Global Acquisition Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Canna Global Acquisition Corp (2021–2023)
The table below shows the annual net assets of Canna Global Acquisition Corp from 2021 to 2023. For live valuation and market cap data, see Canna Global Acquisition Corp (CNGL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $1.10 Million | -92.84% |
| 2022-12-31 | $15.33 Million | -93.21% |
| 2021-12-31 | $225.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canna Global Acquisition 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 357428600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.30 Million | 1121.96% |
| Total Equity | $1.10 Million | 100.00% |
Canna Global Acquisition Corp Competitors by Market Cap
The table below lists competitors of Canna Global Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reservoir Link Energy Bhd
KLSE:0219
|
$24.27 Million |
|
Imperial Equities Inc.
V:IEI
|
$24.27 Million |
|
Vital Metals Ltd
AU:VML
|
$24.28 Million |
|
Longeveron LLC
NASDAQ:LGVN
|
$24.29 Million |
|
PLB Engineering Bhd
KLSE:7055
|
$24.27 Million |
|
INTERSHOP Communications Aktiengesellschaft
XETRA:ISHA
|
$24.26 Million |
|
Holaluz-Clidom S.A
MC:HLZ
|
$24.26 Million |
|
Hyrican Informationssysteme Aktiengesellschaft
F:HYI
|
$24.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canna Global Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 15,325,331 to 1,096,691, a change of -14,228,640 (-92.8%).
- Net loss of 348,229 reduced equity.
- Share repurchases of 13,742,981 reduced equity.
- Other factors decreased equity by 137,430.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-348.23K | -31.75% |
| Share Repurchases | $13.74 Million | -1253.13% |
| Other Changes | $-137.43K | -12.53% |
| Total Change | $- | -92.84% |
Book Value vs Market Value Analysis
This analysis compares Canna Global Acquisition 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: 72.87x
- 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 0.82x to 72.87x 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 | $10.96 | $9.00 | x |
| 2022-12-31 | $0.55 | $9.00 | x |
| 2023-12-31 | $0.12 | $9.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canna Global Acquisition 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): -31.75%
- 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: 11.43x
- Recent ROE (-31.75%) is below the historical average (-8.11%), 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 | -0.15% | 0.00% | 0.00x | 1.04x | $-22.93 Million |
| 2022 | 7.57% | 0.00% | 0.00x | 1.61x | $-372.70K |
| 2023 | -31.75% | 0.00% | 0.00x | 11.43x | $-457.90K |
Industry Comparison
This section compares Canna Global Acquisition Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $76,250,489
- Average return on equity (ROE) among peers: 0.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canna Global Acquisition Corp (CNGL) | $975.28K | -0.15% | 12.15x | $24.27 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) | $528.66 Million | 4.92% | 0.04x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $-419.60 Million | 0.00% | 0.00x | $420.70K |
| 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 | $235.62 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) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $41.25K | -0.54% | 28.48x | $49.57 Million |
About Canna Global Acquisition Corp
Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to identify and acquire a business that focuses on the natural resources industry comprising oil and gas sectors. The company was incorporated in 2021 and is based in Marina De… Read more