What does prepaid ship and debits mean?

These are payments made in advance for goods or services that will be received or consumed over a period longer than one year. This reflects long-term contractual commitments.

General Purpose Acquisition Corp. GPAC Prepaid ship and debits

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Other financials

Income statement

See full

Operating income-$4.0M+30.7%

Net income-$5.2M-37.4%

EPS (diluted)-$0.53+26.4%

Balance sheet

See full

Cash & equivalents$1.2M-22.2%

Total debt$103.8K-98.4%

Total equity-$7.9M+38.7%

Total assets$9.4M-17.6%

Cash flow

See full

Operating cash flow-$2.1M+28.2%

CapEx$1.2K+2.5%

Free cash flow-$2.1M+0.2%

Valuation

See full

Market cap$294.1M+1.0%

Enterprise value$292.97M—

Returns & leverage

See full

Return on equity166.2%—

Debt / equity-0×—

Current ratio0.1×—

Where this comes from

Reported directly by General Purpose Acquisition Corp. in its filing.

Tagged under the XBRL concept us-gaap:PrepaidExpenseNoncurrent.

The official record: General Purpose Acquisition Corp. ’s 10-K, filed March 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Purpose Acquisition Corp. 's prepaid ship and debits?: General Purpose Acquisition Corp. (GPAC) reported prepaid ship and debits of $547.17K in Q4 2025.
What does prepaid ship and debits mean?: These are payments made in advance for goods or services that will be received or consumed over a period longer than one year. This reflects long-term contractual commitments.