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CBAK Energy Technology, Inc. CBAT Other Current Assets Acquired in Business Combination

Other Current Assets Acquired in Business Combination at other companies

First Commonwealth Financial logo
First Commonwealth FinancialFCF
$21.4M
CBAK Energy Technology, Inc. logo
CBAK Energy Technology, Inc.CBAT
$1.38M
Tecnoglass logo
TecnoglassTGLS
$585K
BioSig Technologies, Inc. logo
BioSig Technologies, Inc.STEX
$22K
BioSig Technologies, Inc. logo
BioSig Technologies, Inc.STEX
$118.35M
Home Bancorp logo
Home BancorpHBCP
$2.1B0.0%

Other financials

Income statement

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Revenue$69.6M+99.3%
Gross profit$1.0M-78.3%
Operating income-$9.7M-239%
Net income-$9.3M-488%
EPS (diluted)-$0.10-400%

Balance sheet

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Cash & equivalents$98.6M+107%
Total debt$88.1M+32.8%
Total equity$105.2M-12.9%
Total assets$491.0M+57.6%

Cash flow

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Operating cash flow$22.3M+332%
CapEx$11.8M-7.1%
Free cash flow$10.5M+147%

Valuation

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Market cap$52.44M-51.1%
Enterprise value$41.9M-73.8%
P/S0.2×-0.5×

Profitability

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Gross margin6.4%-11.8pp
Operating margin-11%
Net margin-7.4%
FCF margin0.4%-5.3pp

Returns & leverage

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Return on equity-15.1%
Debt / equity0.8×+0.3×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by CBAK Energy Technology, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets.

The official record: CBAK Energy Technology, Inc.’s 10-Q, filed November 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is CBAK Energy Technology, Inc.'s other current assets acquired in business combination?
CBAK Energy Technology, Inc. (CBAT) reported other current assets acquired in business combination of $1.38M in Q3 2023.
What does other current assets acquired in business combination mean?
This represents miscellaneous current assets acquired through business combinations that are expected to be realized within one year. It captures the short-term liquidity and operational resources gained from newly integrated entities. Monitoring this helps investors understand the immediate working capital impact of recent mergers and acquisitions.