TortoiseEcofin Acquisition Corp. III
TortoiseEcofin Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.
TortoiseEcofin Acquisition Corp. III (TRTLF) - Total Assets
Latest total assets as of June 2024: $170.32 Million USD
Based on the latest financial reports, TortoiseEcofin Acquisition Corp. III (TRTLF) holds total assets worth $170.32 Million USD as of June 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.
TortoiseEcofin Acquisition Corp. III - Total Assets Trend (2021–2023)
This chart illustrates how TortoiseEcofin Acquisition Corp. III’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TortoiseEcofin Acquisition Corp. III - Asset Composition Analysis
Current Asset Composition (December 2023)
TortoiseEcofin Acquisition Corp. III's total assets of $170.32 Million consist of 0.3% current assets and 99.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.3% |
| 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 TortoiseEcofin Acquisition Corp. III'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: TortoiseEcofin Acquisition Corp. III's current assets represent 0.3% of total assets in 2023, a decrease from 0.7% in 2021.
- Cash Position: Cash and equivalents constituted 0.3% 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.
TortoiseEcofin Acquisition Corp. III Competitors by Total Assets
Key competitors of TortoiseEcofin Acquisition Corp. III 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 |
TortoiseEcofin Acquisition Corp. III - 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 - TortoiseEcofin Acquisition Corp. III 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, TortoiseEcofin Acquisition Corp. III generates $6.99 in net profit.
TortoiseEcofin Acquisition Corp. III - 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 | 0.06 | 0.37 | 1.82 |
| Quick Ratio | 0.06 | 0.37 | 1.82 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.34 Million | $ -364.54K | $ 141.05K |
TortoiseEcofin Acquisition Corp. III - Advanced Valuation Insights
This section examines the relationship between TortoiseEcofin Acquisition Corp. III'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 | 1.73 |
| Latest Market Cap to Assets Ratio | 0.86 |
| Asset Growth Rate (YoY) | -47.6% |
| Total Assets | $183.78 Million |
| Market Capitalization | $157.84 Million USD |
Valuation Analysis
Near Book Valuation: The market values TortoiseEcofin Acquisition Corp. III's assets close to their book value ( 0.86x), suggesting investors view the company's assets at approximately fair value.
Significant Asset Reduction: TortoiseEcofin Acquisition Corp. III's assets decreased by 47.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TortoiseEcofin Acquisition Corp. III (2021–2023)
The table below shows the annual total assets of TortoiseEcofin Acquisition Corp. III from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $183.78 Million | -47.57% |
| 2022-12-31 | $350.49 Million | +0.90% |
| 2021-12-31 | $347.35 Million | -- |