The balance sheet shows significant deterioration with a current ratio of 0.20 as of 2026Q1, indicating an inability to cover short-term obligations despite a reported $189.6M in equity.
| Total Current Assets | 232.3K | 211.72K | 0 | 2.74K | 6.21K |
| Cash & Short-Term Investments | - | - | - | - | - |
| Cash Only | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 209.37M | 207.52M | 217.61K | 0 | 0 |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 622.35M | 207.51M | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - |
| Total Assets | 209.61M | 207.73M | 217.61K | 2.74K | 6.21K |
| Asset Turnover | 0.00x | - | - | - | - |
| Asset Growth % | 100271522.5% | 95359.61% | 7841.93% | -55.89% | - |
| Total Current Liabilities | 1.13M | 800.35K | 299.27K | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - |
| Short-Term Debt | 769.53K | 485.5K | 134.24K | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - |
| Other Current Liabilities | 364.74K | 314.84K | 0 | 0 | 0 |
| Current Ratio | 0.20x | 0.26x | - | - | - |
| Quick Ratio | 0.20x | 0.26x | - | - | - |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 18.9M | 13.2M | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 20.04M | 14M | 299.27K | 0 | 0 |
| Total Debt | 769.53K | 485.5K | 134.24K | 0 | 0 |
| Net Debt | 744.53K | 460.5K | 134.24K | 0 | 0 |
| Debt / Equity | 0.00x | 0.00x | - | - | - |
| Debt / EBITDA | -0.70x | - | - | - | - |
| Net Debt / EBITDA | -0.68x | - | - | - | - |
| Interest Coverage | - | - | - | - | - |
| Total Equity | 189.57M | 193.73M | -81.66K | 2.74K | 6.21K |
| Equity Growth % | -6724112.68% | 237335.8% | -3080.37% | -55.89% | - |
| Book Value per Share | 7.43 | 7.60 | -0.00 | 0.00 | 0.00 |
| Total Shareholders' Equity | 189.57M | 193.73M | -81.66K | 2.74K | 6.21K |
| Common Stock | 212.37M | 210.51M | 500 | 500 | 500 |
| Retained Earnings | -22.81M | -16.78M | -106.66K | -22.26K | -18.79K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Binary liquidation or activation
According to recent SEC filings, CEPO's balance sheet has shifted from a negligible asset base to a structure burdened by $20.0M in liabilities as of 2026Q1, signaling a significant deterioration in the entity's financial health as it struggles to maintain its status as a viable shell.
The rapid expansion of liabilities relative to a stagnant $25,000 cash balance suggests that the entity is accumulating obligations without the corresponding operational assets to support them. Investors should monitor whether this trajectory indicates an impending restructuring or if the sponsor intends to provide the necessary capital to avoid total insolvency.
Based on the reported figures, CEPO's current ratio has plummeted to 0.20 in 2026Q1, which indicates that the company lacks the liquid assets necessary to cover its short-term obligations and highlights a precarious liquidity position that warrants immediate concern for any potential stakeholders.
The persistent $25,000 cash balance across multiple quarters suggests that the entity is operating at the absolute minimum threshold required to maintain its corporate existence. This lack of liquidity implies that the company is entirely dependent on external sponsor support to meet even basic administrative expenses.
As reported in financial statements, CEPO's debt levels have climbed to $769.5K by 2026Q1, representing a notable shift in the capital structure that appears to be driven by necessity rather than strategic growth, given the complete absence of revenue-generating activities within the shell vehicle.
The accumulation of debt in a pre-revenue environment suggests that the entity is financing its ongoing regulatory and legal costs through borrowing. This reliance on debt to fund basic operations may indicate that the sponsor is unwilling or unable to provide equity-based capital, increasing the risk of a distressed outcome.
Based on the provided data, the most significant risk is the potential for non-cash liability distortions, as the company's equity has swung from negative values to $189.6M, suggesting that warrant revaluations may be masking the underlying reality of the entity's severely limited operational and financial resources.
The extreme volatility in equity and liabilities suggests that the balance sheet is highly sensitive to accounting adjustments rather than fundamental business performance. Investors should be wary of these headline figures, as they likely obscure the true, limited value of the shell and the binary nature of its future prospects.
Quick answers to the most common questions about buying CEPO stock.
As of 2025, Cantor Equity Partners I, Inc. Class A Ordinary Shares (CEPO) had total assets of $207.7M including $0.2M in current assets.
Cantor Equity Partners I, Inc. Class A Ordinary Shares (CEPO) carries total debt of $0.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cantor Equity Partners I, Inc. Class A Ordinary Shares (CEPO) has total shareholders' equity (book value) of $193.7M ($7.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cantor Equity Partners I, Inc. Class A Ordinary Shares (CEPO) reported a current ratio of 0.26x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.