What is Alset Capital Acquisition Financial Strength?
Alset Capital Acquisition has the Financial Strength Rank of 9. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
Alset Capital Acquisition Corp shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Alset Capital Acquisition has no long-term debt (1).
As of today, Alset Capital Acquisition's Altman Z-Score is 0.00.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of Alset Capital Acquisition's Financial Strength
For the Shell Companies subindustry, Alset Capital Acquisition's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alset Capital Acquisition's Financial Strength Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Alset Capital Acquisition's Financial Strength distribution charts can be found below:
* The bar in red indicates where Alset Capital Acquisition's Financial Strength falls into.
Alset Capital Acquisition Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Alset Capital Acquisition's Interest Expense for the
months ended in Aug. 2023 was $0.00 Mil. Its Operating Income for the
months ended in Aug. 2023 was $-0.40 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil.
Alset Capital Acquisition's Interest Coverage for the quarter that ended in Aug. 2023 is
| Alset Capital Acquisition had no long-term debt (1). |
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Alset Capital Acquisition Corp has enough cash to cover all of its debt. Its financial situation is stable.
2. Debt to revenue ratio. The lower, the better.
Alset Capital Acquisition's Debt to Revenue Ratio for the quarter that ended in Aug. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Alset Capital Acquisition has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alset Capital Acquisition (Alset Capital Acquisition) Business Description
Traded in Other Exchanges
N/A
Address
4800 Montgomery Lane, Suite 210, Bethesda, MD, USA, 20814
Alset Capital Acquisition Corp is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
| Yakira Capital Management, Inc. |
10 percent owner |
1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880 |
| Wolverine Asset Management Llc |
10 percent owner |
175 WEST JACKSON, SUITE 340, CHICAGO IL 60604 |
| Hudson Bay Capital Management Lp |
10 percent owner |
28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
| Sander Gerber |
10 percent owner |
C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
| Chan Heng Fai Ambrose |
director, 10 percent owner, officer: Chairman and CEO |
2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999 |
| Wu William Wai Leung |
director |
C/O DOCUMENT SECURITY SYSTEMS, INC., 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14624 |
| Tat Keung Wong |
director |
4800 MONTGOMERY LANE SUITE 210, BETHESDA MD 20814 |
| Shui Yeung Wong |
director |
4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814 |
| Rongguo Wei |
officer: Chief Financial Officer |
4800 MONTGOMERY LN #210, BETHESDA MD 20814 |
| Alset Acquisition Sponsor, Llc |
10 percent owner |
4800 MONTGOMERY LANE, SUITE 210, BETHESDA MD 20814 |
Alset Capital Acquisition (Alset Capital Acquisition) Headlines
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