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

Net Assets Acquired in Business Combination at other companies

Alliance Entertainment Holding Corporation logo
Alliance Entertainment Holding CorporationAENT
$7.7M+1.2%
CorMedix logo
CorMedixCRMD
$9.3M
Tecnoglass logo
TecnoglassTGLS
$588K
Tecnoglass logo
TecnoglassTGLS
$6.5M
The Marygold Companies logo
The Marygold CompaniesMGLD
$591K0.0%
CBAK Energy Technology, Inc. logo
CBAK Energy Technology, Inc.CBAT
$1.72M

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:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets.

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 net assets acquired in business combination?
CBAK Energy Technology, Inc. (CBAT) reported net assets acquired in business combination of $1.72M in Q3 2023.
What does net assets acquired in business combination mean?
The total fair value of identifiable assets acquired minus the fair value of liabilities assumed in a business combination. This represents the net equity value transferred during the acquisition process. It is a primary metric for determining the net economic impact of the transaction on the company's balance sheet.