Canna Global Acquisition Corp (CNGL) - Total Assets
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. Explore Canna Global Acquisition Corp cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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. See Canna Global Acquisition Corp shareholders equity for net asset value and shareholders' equity analysis.
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. For live market cap, price, and company overview, see CNGL market cap.
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 |
|---|---|---|
|
GP-Act III Acquisition Corp. Class A Ordinary Share
NASDAQ:GPAT
|
USA | $312.11 Million |
|
Soulpower Acquisition Corporation
NYSE:SOUL
|
USA | $262.41 Million |
|
BTC Development Corp.
NASDAQ:BDCI
|
USA | $259.01 Million |
|
Graf Global Corp
NYSE MKT:GRAF
|
USA | $243.44 Million |
|
Twelve Seas Investment Co II
NASDAQ:TWLV
|
USA | $173.64 Million |
|
Stellar V Capital Corp. Class A Ordinary Shares
NASDAQ:SVCC
|
USA | $158.38 Million |
|
Inflection Point Acquisition Corp. III Class A Ordinary Shares
NASDAQ:IPCX
|
USA | $259.10 Million |
|
BEML LAND ASSETS LTD
NSE:BLAL
|
India | Rs99.30 Million |
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 | 6.07 |
| Asset Growth Rate (YoY) | -49.2% |
| Total Assets | $12.53 Million |
| Market Capitalization | $76.02 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Canna Global Acquisition Corp's assets at a significant premium (6.07x), suggesting investors see substantial growth potential or unique competitive advantages.
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 | -- |
About 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