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CBAK Energy Technology, Inc. CBAT Business Combination Recognized Identifiable Assets Acquired And Liabilities Land Appreciation Tax

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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-52.2%
Enterprise value$41.9M-74.5%
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 cbat:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesLandAppreciationTax.

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 business combination recognized identifiable assets acquired and liabilities land appreciation tax?
CBAK Energy Technology, Inc. (CBAT) reported business combination recognized identifiable assets acquired and liabilities land appreciation tax of -$464.16K in Q3 2023.
What does business combination recognized identifiable assets acquired and liabilities land appreciation tax mean?
This metric captures the fair value of land appreciation tax liabilities assumed during a business combination transaction. It represents the potential tax obligation associated with the increase in value of acquired land assets. Tracking this is essential for assessing the total tax burden and potential cash outflows associated with acquired real estate holdings.