Cuspis Capital II Ltd
Cuspis Capital II Ltd. does not have significant operations. It intends to identify, evaluate, and acquire assets, properties, or businesses or participation for a proposed qualifying transaction. The company was incorporated in 2019 and is headquartered in Toronto, Canada.
Cuspis Capital II Ltd (CCII-P) - Net Assets
Latest net assets as of September 2024: CA$1.36 Million CAD
Based on the latest financial reports, Cuspis Capital II Ltd (CCII-P) has net assets worth CA$1.36 Million CAD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.51 Million) and total liabilities (CA$143.19K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.36 Million |
| % of Total Assets | 90.5% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.11 |
Cuspis Capital II Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Cuspis Capital II Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cuspis Capital II Ltd (2020–2024)
The table below shows the annual net assets of Cuspis Capital II Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$1.49 Million | -7.00% |
| 2023-06-30 | CA$1.60 Million | -1.95% |
| 2022-06-30 | CA$1.63 Million | -3.50% |
| 2021-06-30 | CA$1.69 Million | +66664.87% |
| 2020-06-30 | CA$-2.54K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cuspis Capital II Ltd'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 41179100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$1.91 Million | 128.09% |
| Total Equity | CA$1.49 Million | 100.00% |
Cuspis Capital II Ltd Competitors by Market Cap
The table below lists competitors of Cuspis Capital II Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pearl Diver Credit Company Inc.
OTCGREY:PDPA
|
$228.60K |
|
Kingsland Energy Corp
V:KLE-H
|
$228.67K |
|
Adomos SA
PA:ALADO
|
$228.69K |
|
Capital Southwest Corporation 7.75% Notes due 2028
NASDAQ:CSWCZ
|
$228.70K |
|
ERG (ER9.SG)
STU:ER9
|
$228.51K |
|
Popular Capital Trust II Pref
NASDAQ:BPOPM
|
$228.47K |
|
OFS Credit Company, Inc.
OTCGREY:OCCIM
|
$228.45K |
|
Eagle Point Income Company Inc Preferred Series A
NYSE:EICA
|
$228.09K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cuspis Capital II Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,601,036 to 1,489,017, a change of -112,019 (-7.0%).
- Net loss of 112,019 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-112.02K | -7.52% |
| Total Change | CA$- | -7.00% |
Book Value vs Market Value Analysis
This analysis compares Cuspis Capital II Ltd'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: 0.50x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | CA$0.00 | CA$0.06 | x |
| 2021-06-30 | CA$0.14 | CA$0.06 | x |
| 2022-06-30 | CA$0.13 | CA$0.06 | x |
| 2023-06-30 | CA$0.13 | CA$0.06 | x |
| 2024-06-30 | CA$0.12 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cuspis Capital II Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-7.52%) is above the historical average (-7.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -17.00% | 0.00% | 0.00x | 1.02x | CA$-456.88K |
| 2022 | -3.63% | 0.00% | 0.00x | 1.03x | CA$-222.56K |
| 2023 | -1.98% | 0.00% | 0.00x | 1.02x | CA$-191.87K |
| 2024 | -7.52% | 0.00% | 0.00x | 1.05x | CA$-260.92K |
Industry Comparison
This section compares Cuspis Capital II Ltd's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cuspis Capital II Ltd (CCII-P) | CA$1.36 Million | -17.00% | 0.10x | $228.57K |
| First Tidal Acquisition Corp. (AAA-P) | $271.64K | -12.76% | 0.07x | $106.95K |
| AAJ Capital 3 Corp. (AAAJ-P) | $176.31K | -28.45% | 0.14x | $50.13K |
| AD4 Capital Corp. (ADJ-P) | $498.36K | 0.00% | 0.06x | $10.44K |
| AF2 Capital Corp (AF-P) | $125.52K | -22.68% | 0.19x | $45.26K |
| AIM5 Ventures Inc (AIME-P) | $236.65K | -15.61% | 0.12x | $151.51K |
| Apolo IV Acquisition Corp (AIV-P) | $1.13 Million | -19.92% | 0.03x | $33.42K |
| A-Labs Capital II Corp (ALAB-P) | $166.02K | -34.30% | 0.10x | $38.61K |
| Albatros Acquisition Corporation Inc. (ALBT-P) | $155.00K | 0.00% | 0.13x | $13.43K |
| Altina Capital Corp (ALTN-P) | $-3.34K | 0.00% | 0.00x | $65.59K |
| AMG Acquisition Corp (AMG-P) | $454.39K | -24.61% | 0.02x | $54.31K |