QETA (Quetta Acquisition) Tangible Book per Share : $7.86 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Quetta Acquisition Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Quetta Acquisition's tangible book value per share for the quarter that ended in Sep. 2024 was $7.86.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Quetta Acquisition Tangible Book per Share Historical Data

The historical data trend for Quetta Acquisition's Tangible Book per Share can be seen below:

* 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.

* Premium members only.

Quetta Acquisition Tangible Book per Share Chart

Quetta Acquisition Annual Data

Trend

Dec23

Tangible Book per Share

7.67

Quetta Acquisition Quarterly Data
	Mar23	Sep23	Dec23	Mar24	Jun24	Sep24
Tangible Book per Share	Get a 7-Day Free Trial			-	7.67	7.73	7.79	7.86

Competitive Comparison of Quetta Acquisition's Tangible Book per Share

For the Shell Companies subindustry, Quetta Acquisition's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Quetta Acquisition's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Quetta Acquisition's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Quetta Acquisition's Price-to-Tangible-Book falls into.

Quetta Acquisition Tangible Book per Share Calculation

Quetta Acquisition's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(68.578	-	0	-	0)	/	8.94704
	=	7.66

Quetta Acquisition's Tangible Book Value Per Share for the quarter that ended in Sep. 2024 is calculated as

Tangible Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)	/	Shares Outstanding (EOP)
	=	(70.338	-	0	-	0)	/	8.94704
	=	7.86

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Quetta Acquisition (NAS:QETA) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Quetta Acquisition Tangible Book per Share Related Terms

Thank you for viewing the detailed overview of Quetta Acquisition's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.