The balance sheet reflects a structurally constrained liquidity position, with the current ratio declining from 22.88 in 2025Q3 to 10.98 in 2026Q1 as the firm consumes its $1.5M cash reserve.
| Total Current Assets | 1.67M | 2.02M | 20.7K |
| Cash & Short-Term Investments | - | - | - |
| Cash Only | - | - | - |
| Short-Term Investments | - | - | - |
| Accounts Receivable | - | - | - |
| Days Sales Outstanding | - | - | - |
| Inventory | - | - | - |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 0 | 0 | 0 |
| Total Non-Current Assets | 259.94M | 257.69M | 7.78K |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 259.92M | 0 | 0 |
| Other Non-Current Assets | - | - | - |
| Total Assets | 261.61M | 259.71M | 28.48K |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 0% | 911866.05% | - |
| Total Current Liabilities | 152.32K | 117.79K | 19.3K |
| Accounts Payable | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 0 | 0 | 3.48K |
| Current Ratio | 10.98x | 17.11x | 1.07x |
| Quick Ratio | 10.98x | 17.11x | 1.07x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 10.78M | 10.78M | 0 |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 10.93M | 10.9M | 19.3K |
| Total Debt | 0 | 0 | 0 |
| Net Debt | -1.46M | -1.85M | 0 |
| Debt / Equity | -0.00x | - | - |
| Debt / EBITDA | -0.00x | - | - |
| Net Debt / EBITDA | 2.07x | - | - |
| Interest Coverage | - | - | - |
| Total Equity | -9.24M | 248.81M | 9.18K |
| Equity Growth % | 0% | 2711450.78% | - |
| Book Value per Share | -0.36 | 7.17 | 0.00 |
| Total Shareholders' Equity | 250.68M | 248.81M | 9.18K |
| Common Stock | 259.92M | 257.65M | 0 |
| Retained Earnings | -9.24M | -8.84M | -15.82K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Failed business combination risk
As reported in financial statements, CCII's total assets grew slightly from $257.6M in 2025Q3 to $261.6M in 2026Q1, a trend primarily driven by interest accruals on trust assets rather than any underlying operational expansion or business development activities within the firm's core financial services mandate.
The marginal increase in total assets suggests that the company is successfully capturing interest income, which serves as the primary mechanism for maintaining the trust account's value. Investors should monitor this trajectory as a proxy for the firm's ability to preserve capital until a definitive merger agreement is reached.
Based on CCII's reported figures, the current ratio declined from 22.88 in 2025Q3 to 10.98 in 2026Q1, reflecting the ongoing consumption of liquid cash reserves to fund the administrative and legal expenses necessary to sustain the company's public listing while searching for a suitable acquisition target.
While the current ratio remains high, it is largely a function of the specific accounting treatment for SPACs and does not necessarily indicate operational flexibility. The steady decline in cash from $1.8M to $1.5M over the same period warrants further investigation into the firm's remaining runway for deal sourcing.
According to recent SEC filings, CCII's equity base expanded from $246.7M in 2025Q3 to $250.7M in 2026Q1, a change that appears to be driven by non-cash accounting adjustments rather than capital raises or retained earnings, which remain negative at -$9.2M for the most recent reporting period.
The negative retained earnings highlight the structural reality that the company is a cost-center until a business combination occurs. Analysts should be cautious, as the equity value is highly sensitive to redemption rights, which may significantly alter the actual capital available for a future merger transaction.
As indicated by the provided data, the balance sheet's reported equity and asset figures are heavily influenced by non-cash fair value adjustments, which may mislead investors regarding the actual economic value of the Cohen Circle vehicle in the absence of a finalized merger or acquisition target.
The lack of debt and the reliance on trust-based assets suggest a clean balance sheet, yet this masks the binary risk of liquidation if a target is not identified. Investors should interpret these headline figures as a temporary holding state rather than a reflection of long-term corporate health.
Quick answers to the most common questions about buying CCII stock.
As of 2025, Cohen Circle Acquisition Corp. II (CCII) had total assets of $259.7M including $2.0M in current assets.
Cohen Circle Acquisition Corp. II (CCII) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cohen Circle Acquisition Corp. II (CCII) has total shareholders' equity (book value) of $248.8M ($7.17 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cohen Circle Acquisition Corp. II (CCII) reported a current ratio of 17.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.