DUET Acquisition Corp (DUET) - Total Assets
Based on the latest financial reports, DUET Acquisition Corp (DUET) holds total assets worth $14.59 Million USD as of June 2024. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check DUET total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
DUET Acquisition Corp - Total Assets Trend (2021–2023)
This chart illustrates how DUET Acquisition Corp's total assets have evolved over time, based on quarterly financial data. Explore how much of DUET Acquisition Corp's assets are long-term investments to see how much of total assets are deployed in long-term investments.
DUET Acquisition Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
DUET Acquisition Corp's total assets of $14.59 Million consist of 0.6% current assets and 99.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.6% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2023)
This chart illustrates how DUET Acquisition Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see DUET company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: DUET Acquisition Corp's current assets represent 0.6% of total assets in 2023, a decrease from 11.6% in 2021.
- Cash Position: Cash and equivalents constituted 0.6% of total assets in 2023, down from 11.6% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
DUET Acquisition Corp Competitors by Total Assets
Key competitors of DUET Acquisition Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Churchill Capital Corp XI
NASDAQ:CCXI
|
USA | $415.91 Million |
|
Alussa Energy Acquisition Corp. II
NYSE:ALUB
|
USA | $292.38 Million |
|
Artius II Acquisition Inc. Units
NASDAQ:AACBU
|
USA | $230.30 Million |
|
Lionsgate Studios Holding Corp. (to be renamed Lionsgate Studios Corp.)
NYSE:LION
|
USA | $5.33 Billion |
|
Cantor Equity Partners III, Inc. Class A Ordinary Shares
NASDAQ:CAEP
|
USA | $284.57 Million |
|
Meshflow Acquisition Corp. Class A Ordinary Shares
NASDAQ:MESH
|
USA | $349.86 Million |
|
KRAKacquisition Corp Class A Ordinary Shares
NASDAQ:KRAQ
|
USA | $347.95 Million |
|
Insight Digital Partners II Class A Ordinary Shares
NASDAQ:DYOR
|
USA | $176.28 Million |
DUET Acquisition Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.00 | 0.03 | 0.54 |
| Quick Ratio | 0.00 | 0.03 | 0.54 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-5.67 Million | $-2.50 Million | $-21.52K |
DUET Acquisition Corp - Advanced Valuation Insights
This section examines the relationship between DUET Acquisition Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 7.01 |
| Latest Market Cap to Assets Ratio | 1.42 |
| Asset Growth Rate (YoY) | -84.1% |
| Total Assets | $14.07 Million |
| Market Capitalization | $19.94 Million USD |
Valuation Analysis
Above Book Valuation: The market values DUET Acquisition Corp's assets above their book value (1.42x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: DUET Acquisition Corp's assets decreased by 84.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for DUET Acquisition Corp (2021–2023)
The table below shows the annual total assets of DUET Acquisition Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $14.07 Million | -84.13% |
| 2022-12-31 | $88.62 Million | +41026.81% |
| 2021-12-31 | $215.48K | -- |
About DUET Acquisition Corp
DUET Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.