Target Global Acquisition I Corp
Target Global Acquisition I Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on companies operating in the consumer internet, mobility, and financial technology sectors. The company was incorporated in 2021 and… Read more
Target Global Acquisition I Corp (TGAA) - Total Assets
Latest total assets as of September 2024: $20.58 Million USD
Based on the latest financial reports, Target Global Acquisition I Corp (TGAA) holds total assets worth $20.58 Million USD as of September 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.
Target Global Acquisition I Corp - Total Assets Trend (2021–2023)
This chart illustrates how Target Global Acquisition I Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Target Global Acquisition I Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Target Global Acquisition I Corp's total assets of $20.58 Million consist of 0.1% current assets and 99.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| 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 Target Global Acquisition I 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: Target Global Acquisition I Corp's current assets represent 0.1% of total assets in 2023, a decrease from 0.6% in 2021.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, down from 0.5% 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.
Target Global Acquisition I Corp Competitors by Total Assets
Key competitors of Target Global Acquisition I Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Churchill Capital Corp IX
NASDAQ:CCIX
|
USA | $307.78 Million |
|
Chenghe Acquisition II Co.
NYSE MKT:CHEB
|
USA | $89.71 Million |
|
Fincanna Capital Corp
PINK:FNNZF
|
USA | $193.66K |
|
Gourmet Ocean Products Inc
V:GOP-H
|
Canada | CA$6.15K |
|
Hana 30 Special Purpose Acquisition Company
KQ:469880
|
Korea | ₩17.89 Billion |
|
Baltic International USA Inc
PINK:BISA
|
USA | $2.98K |
|
CCCXU
NASDAQ:CCCXU
|
USA | $421.27 Million |
|
0041B0
KQ:0041B0
|
Korea | ₩11.56 Billion |
Target Global Acquisition I 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 - Target Global Acquisition I 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
Solid ROA - For every $100 in assets, Target Global Acquisition I Corp generates $8.19 in net profit.
Target Global Acquisition I 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 | 0.01 | 0.05 | 1.86 |
| Quick Ratio | 0.01 | 0.05 | 1.86 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-3.54 Million | $ -2.00 Million | $ 559.14K |
Target Global Acquisition I Corp - Advanced Valuation Insights
This section examines the relationship between Target Global Acquisition I 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 | 4.78 |
| Latest Market Cap to Assets Ratio | 0.47 |
| Asset Growth Rate (YoY) | -80.5% |
| Total Assets | $43.45 Million |
| Market Capitalization | $20.61 Million USD |
Valuation Analysis
Below Book Valuation: The market values Target Global Acquisition I Corp's assets below their book value (0.47 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Target Global Acquisition I Corp's assets decreased by 80.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Target Global Acquisition I Corp (2021–2023)
The table below shows the annual total assets of Target Global Acquisition I Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $43.45 Million | -80.49% |
| 2022-12-31 | $222.74 Million | +0.98% |
| 2021-12-31 | $220.57 Million | -- |