Southport Acquisition Corp
As of September 10, 2025, Southport Acquisition Corporation was acquired by Angel Studios, Inc., in a reverse merger transaction. Southport Acquisition Corporation 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. The company was incorporated in 202… Read more
Southport Acquisition Corp (PORT) - Total Assets
Latest total assets as of June 2025: $850.30K USD
Based on the latest financial reports, Southport Acquisition Corp (PORT) holds total assets worth $850.30K USD as of June 2025.
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.
Southport Acquisition Corp - Total Assets Trend (2021–2024)
This chart illustrates how Southport Acquisition Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Southport Acquisition Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Southport Acquisition Corp's total assets of $850.30K consist of 59.3% current assets and 40.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 46.9% |
| 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 (2021–2024)
This chart illustrates how Southport 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: Southport Acquisition Corp's current assets represent 59.3% of total assets in 2024, an increase from 0.9% in 2021.
- Cash Position: Cash and equivalents constituted 46.9% of total assets in 2024, up from 0.8% 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.
Southport Acquisition Corp Competitors by Total Assets
Key competitors of Southport 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 |
Southport 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 - Southport 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 - Southport Acquisition Corp is currently not profitable relative to its asset base.
Southport 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 | 0.09 | 0.17 | 0.09 |
| Quick Ratio | 0.09 | 0.17 | 0.09 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-4.37 Million | $ -3.12 Million | $ -263.71K |
Southport Acquisition Corp - Advanced Valuation Insights
This section examines the relationship between Southport 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 | 8.43 |
| Latest Market Cap to Assets Ratio | 0.43 |
| Asset Growth Rate (YoY) | -97.7% |
| Total Assets | $1.06 Million |
| Market Capitalization | $455.25K USD |
Valuation Analysis
Below Book Valuation: The market values Southport Acquisition Corp's assets below their book value (0.43 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Southport Acquisition Corp's assets decreased by 97.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Southport Acquisition Corp (2021–2024)
The table below shows the annual total assets of Southport Acquisition Corp from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.06 Million | -97.75% |
| 2023-12-31 | $46.88 Million | -80.32% |
| 2022-12-31 | $238.26 Million | +0.69% |
| 2021-12-31 | $236.63 Million | -- |