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Horizon Space Acquisition I (Horizon Space Acquisition I) Total Assets : $60.32 Mil (As of Mar. 2024)


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What is Horizon Space Acquisition I Total Assets?

Horizon Space Acquisition I's Total Assets for the quarter that ended in Mar. 2024 was $60.32 Mil.

During the past 12 months, Horizon Space Acquisition I's average Total Assets Growth Rate was -3.40% per year.

Total Assets is connected with ROA %. Horizon Space Acquisition I's annualized ROA % for the quarter that ended in Mar. 2024 was 1.14%. Total Assets is also linked to Revenue through Asset Turnover. Horizon Space Acquisition I's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Horizon Space Acquisition I Total Assets Historical Data

The historical data trend for Horizon Space Acquisition I's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Horizon Space Acquisition I Total Assets Chart

Horizon Space Acquisition I Annual Data
Trend Dec22 Dec23
Total Assets
70.93 68.25

Horizon Space Acquisition I Semi-Annual Data
Aug22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Assets Get a 7-Day Free Trial 71.60 72.35 73.22 68.25 60.32

Horizon Space Acquisition I Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Horizon Space Acquisition I's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=65.417+2.829
=68.25

Horizon Space Acquisition I's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=57.286+3.031
=60.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Horizon Space Acquisition I  (NAS:HSPOW) Total Assets Explanation

Total Assets is connected with ROA %.

Horizon Space Acquisition I's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0.733/( (68.246+60.318)/ 2 )
=0.733/64.282
=1.14 %

Note: The Net Income data used here is one times the annual (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Horizon Space Acquisition I's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0/( (68.246+60.318)/ 2 )
=0/64.282
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Horizon Space Acquisition I Total Assets Related Terms

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Horizon Space Acquisition I (Horizon Space Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Horizon Space Acquisition I Corp (NAS:HSPOW) » Definitions » Total Assets
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TENK ATMV CNGL MARX GAMC LATG NCAC ATMC FSRX IMAQ PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
HSPO:USA
Address
1412 Broadway, 21st Floor, Suite 21V, New York, NY, USA, 10018
Website
Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I (Horizon Space Acquisition I) Headlines

From GuruFocus

Horizon Space Acquisition I Corp. Announces the Separate Trading of its Ordinary Shares, Warrants, and Rights, Commencing on January 26, 2023

By ACCESSWIRE ACCESSWIRE • 01-24-2023

Horizon Space Acquisition I Corp. Announces Closing of $69 Million Initial Public Offering

By ACCESSWIRE ACCESSWIRE • 12-28-2022