Iris Acquisition Corp
Iris Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Tribe Capital Growth Corp I and changed its name to Iris Acquisition Corp in July 2022. The company was incorporated in 2020 and is based … Read more
Iris Acquisition Corp (IRAA) - Total Assets
Latest total assets as of December 2024: $3.07 Million USD
Based on the latest financial reports, Iris Acquisition Corp (IRAA) holds total assets worth $3.07 Million USD as of December 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.
Iris Acquisition Corp - Total Assets Trend (2020–2023)
This chart illustrates how Iris Acquisition Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Iris Acquisition Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Iris Acquisition Corp's total assets of $3.07 Million consist of 4.7% current assets and 95.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.5% |
| Accounts Receivable | $54.46K | 1.2% |
| Inventory | $-54.46K | -1.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how Iris 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Iris Acquisition Corp's current assets represent 4.7% of total assets in 2023, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 3.5% of total assets in 2023, up from 0.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 1.2% of total assets.
Iris Acquisition Corp Competitors by Total Assets
Key competitors of Iris Acquisition Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aldel Financial II Inc. Class A Ordinary Shares
NASDAQ:ALDF
|
USA | $239.11 Million |
|
ChampionsGate Acquisition Corp
NASDAQ:CHPGU
|
USA | $76.27 Million |
|
Atlas Resources International Inc
PINK:ALSI
|
USA | $6.96K |
|
Itokk Inc
PINK:IKTO
|
USA | $2.24 Million |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
|
Aloys Inc.
KQ:297570
|
Korea | ₩111.17 Billion |
|
Nh Special Purpose Acquisition 14 Co. Ltd
KQ:319400
|
Korea | ₩255.48 Billion |
Iris Acquisition Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Iris Acquisition Corp generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Iris Acquisition Corp is currently not profitable relative to its asset base.
Iris 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 | 0.05 | 0.08 | 22.72 |
| Quick Ratio | 0.05 | 0.08 | 22.72 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-7.14 Million | $ -4.25 Million | $ 747.25K |
Iris Acquisition Corp - Advanced Valuation Insights
This section examines the relationship between Iris 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 | 252.73 |
| Latest Market Cap to Assets Ratio | 0.37 |
| Asset Growth Rate (YoY) | -70.9% |
| Total Assets | $4.50 Million |
| Market Capitalization | $1.67 Million USD |
Valuation Analysis
Below Book Valuation: The market values Iris Acquisition Corp's assets below their book value (0.37 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Iris Acquisition Corp's assets decreased by 70.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Iris Acquisition Corp (2020–2023)
The table below shows the annual total assets of Iris Acquisition Corp from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $4.50 Million | -70.93% |
| 2022-12-31 | $15.49 Million | -94.40% |
| 2021-12-31 | $276.44 Million | +92366.19% |
| 2020-12-31 | $298.96K | -- |