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
Canna Global Acquisition Corp (CNGL) - Total Assets
Latest total assets as of March 2024: $12.83 Million USD
Based on the latest financial reports, Canna Global Acquisition Corp (CNGL) holds total assets worth $12.83 Million USD as of March 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.
Canna Global Acquisition Corp - Total Assets Trend (2021–2023)
This chart illustrates how Canna Global Acquisition Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Canna Global Acquisition Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Canna Global Acquisition Corp's total assets of $12.83 Million consist of 1.8% current assets and 98.2% 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 Canna Global 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: Canna Global Acquisition Corp's current assets represent 1.8% of total assets in 2023, a decrease from 100.0% in 2021.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, down from 0.3% 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.
Canna Global Acquisition Corp Competitors by Total Assets
Key competitors of Canna Global Acquisition Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
464680
KQ:464680
|
Korea | ₩31.23 Billion |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
USA | $281.56 Million |
|
Azure Holding Group Corp
PINK:AZRH
|
USA | $16.92 Million |
|
Constellation Capital Corp.
V:CNST-P
|
Canada | CA$627.53K |
|
Little Fish Acquisition I Corp.
V:LILL-P
|
Canada | CA$56.48K |
|
Hana 30 Special Purpose Acquisition Company
KQ:469880
|
Korea | ₩17.89 Billion |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
Canna Global 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 - Canna Global 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 - Canna Global Acquisition Corp is currently not profitable relative to its asset base.
Canna Global 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 | 0.07 | 0.06 | 0.45 |
| Quick Ratio | 0.07 | 0.06 | 0.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-3.53 Million | $ -1.76 Million | $ -30.54K |
Canna Global Acquisition Corp - Advanced Valuation Insights
This section examines the relationship between Canna Global 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 | 77.95 |
| Latest Market Cap to Assets Ratio | 0.79 |
| Asset Growth Rate (YoY) | -49.2% |
| Total Assets | $12.53 Million |
| Market Capitalization | $9.86 Million USD |
Valuation Analysis
Below Book Valuation: The market values Canna Global Acquisition Corp's assets below their book value (0.79 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Canna Global Acquisition Corp's assets decreased by 49.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Canna Global Acquisition Corp (2021–2023)
The table below shows the annual total assets of Canna Global Acquisition Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $12.53 Million | -49.23% |
| 2022-12-31 | $24.69 Million | -89.46% |
| 2021-12-31 | $234.13 Million | -- |