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CBAK Energy Technology, Inc. CBAT Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Income Tax Recoverable

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Income Tax Recoverable 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-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:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIncomeTaxRecoverable.

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 income tax recoverable?
CBAK Energy Technology, Inc. (CBAT) reported business combination recognized identifiable assets acquired and liabilities assumed income tax recoverable of $47.14K in Q3 2023.
What does business combination recognized identifiable assets acquired and liabilities assumed income tax recoverable mean?
Represents the value of income tax recoverable assets identified and recorded during a business combination. This reflects future tax benefits acquired from the target entity that are expected to be realized. It is a key component in assessing the net tax position inherited through an acquisition.