26 Capital Acquisition (26 Capital Acquisition) Total Assets : $37.36 Mil (As of Jun. 2023)

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What is 26 Capital Acquisition Total Assets?

26 Capital Acquisition's Total Assets for the quarter that ended in Jun. 2023 was $37.36 Mil.

During the past 12 months, 26 Capital Acquisition's average Total Assets Growth Rate was -86.50% per year.

Total Assets is connected with ROA %. 26 Capital Acquisition's annualized ROA % for the quarter that ended in Jun. 2023 was -33.21%. Total Assets is also linked to Revenue through Asset Turnover. 26 Capital Acquisition's Asset Turnover for the quarter that ended in Jun. 2023 was 0.00.

26 Capital Acquisition Total Assets Historical Data

The historical data trend for 26 Capital Acquisition's Total Assets 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.

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26 Capital Acquisition Total Assets Chart

26 Capital Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Total Assets

0.30

276.79

35.51

26 Capital Acquisition Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Total Assets	Get a 7-Day Free Trial							275.79	276.79	35.51	37.20	37.36

26 Capital Acquisition Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

26 Capital Acquisition's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	13.996	+	21.515
	=	35.51

26 Capital Acquisition's Total Assets for the quarter that ended in Jun. 2023 is calculated as

Total Assets	=	Total Equity (Q: Jun. 2023 )	+	Total Liabilities (Q: Jun. 2023 )
	=	9.783	+	27.575
	=	37.36

26 Capital Acquisition (NAS:ADER) Total Assets Explanation

Total Assets is connected with ROA %.

26 Capital Acquisition's annualized ROA % for the quarter that ended in Jun. 2023 is

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	-12.38	/	( (37.201	+	37.359)	/ 2 )
	=	-12.38	/	37.28
	=	-33.21 %

Note: The Net Income data used here is four times the quarterly (Jun. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

26 Capital Acquisition's Asset Turnover for the quarter that ended in Jun. 2023 is

	Asset Turnover
=	Revenue (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
=	0	/	( (37.201	+	37.359)	/ 2 )
=	0	/	37.28
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

26 Capital Acquisition Total Assets Related Terms

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26 Capital Acquisition (26 Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » 26 Capital Acquisition Corp (NAS:ADER) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 Brickell Avenue, OfficeEdge Miami, Suite 1550, Miami, FL, USA, 33131

Website

https://www.spac26.com

26 Capital Acquisition Corp is a blank check company.

Executives

Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
John Randall Waterfield	director	140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
Jason Ader	director, 10 percent owner, officer: Chief Executive Officer	C/O HAYGROUND COVE ASSET MANAGEMENT LLC, 1370 SIXTH AVENUE, NEW YORK NY 10019
Joseph Kaminkow	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
26 Capital Holdings Llc	10 percent owner	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
John K Lewis	officer: Chief Financial Officer	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Gregory S. Lyss	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131
Rafi Ashkenazi	director	701 BRICKELL AVENUE SUITE 1550, MIAMI FL 33131