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CBAK Energy Technology, Inc. CBAT Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Amount Due From Trustee

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Amount Due From Trustee at other companies

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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-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 cbat:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAmountDueFromTrustee.

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 assumed amount due from trustee?
CBAK Energy Technology, Inc. (CBAT) reported business combination recognized identifiable assets acquired and liabilities assumed amount due from trustee of $11.79M in Q3 2023.
What does business combination recognized identifiable assets acquired and liabilities assumed amount due from trustee mean?
Reflects the amount due from a trustee identified as an asset during the purchase price allocation of a business combination. This represents funds or claims held by a third-party fiduciary on behalf of the acquired entity. It is essential for understanding the liquidity and cash-equivalent assets transferred during the transaction.