The balance sheet reflects a vulnerable liquidity position with a current ratio of 0.07 and accumulated retained earnings deficits reaching $9.5 million as of 2026Q1.
| Total Current Assets | 233.75K | 170K | 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 | 248.77M | 246.67M | 106.54K | 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 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - |
| Total Assets | 249M | 246.84M | 106.54K | 2.74K | 6.21K |
| Asset Turnover | 0.00x | - | - | - | - |
| Asset Growth % | 614590.76% | 231575.27% | 3788.47% | -55.89% | - |
| Total Current Liabilities | 3.15M | 1.64M | 94.59K | 0 | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - |
| Short-Term Debt | 604.84K | 397.38K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 0.07x | 0.10x | - | - | - |
| Quick Ratio | 0.07x | 0.10x | - | - | - |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 2.98M | 4.61M | 79.9K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 79.9K | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 6.13M | 6.25M | 174.49K | 0 | 0 |
| Total Debt | 604.84K | 397.38K | 79.9K | 0 | 0 |
| Net Debt | 579.84K | 372.38K | 79.9K | 0 | 0 |
| Debt / Equity | 0.00x | 0.00x | - | - | - |
| Debt / EBITDA | -0.18x | - | - | - | - |
| Net Debt / EBITDA | -0.18x | - | - | - | - |
| Interest Coverage | - | - | - | - | - |
| Total Equity | 242.87M | 240.59M | -67.94K | 2.74K | 6.21K |
| Equity Growth % | 1104615.41% | 354203.92% | -2579.64% | -55.89% | - |
| Book Value per Share | 11.35 | 11.24 | -0.00 | 0.00 | 0.00 |
| Total Shareholders' Equity | 242.87M | 240.59M | -67.94K | 2.74K | 6.21K |
| Common Stock | 252.35M | 250.22M | 500 | 500 | 500 |
| Retained Earnings | -9.51M | -9.77M | -92.94K | -22.26K | -18.79K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 22.29K | 138.05K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Sponsor deal execution failure
According to recent balance sheet filings, CEPT's total assets surged from $106.5K in 2024Q4 to $249.0M by 2026Q1, a shift that reflects the accumulation of trust capital rather than organic business growth or the successful execution of a target acquisition strategy.
The dramatic increase in asset size suggests the successful funding of the trust account, yet the lack of operational revenue indicates the company remains in a purely speculative phase. Investors should monitor whether this capital base is deployed efficiently or if it remains stagnant while administrative costs continue to erode the equity base.
As reported in financial statements, CEPT maintains a consistent cash balance of only $25,000, which, when compared to the current ratio of 0.07 in 2026Q1, indicates a severe lack of immediate liquidity to cover ongoing regulatory and administrative obligations without external sponsor support.
The extremely low current ratio suggests that the company is structurally unable to meet short-term liabilities through its own liquid assets. This reliance on external funding sources warrants further investigation, as it may force management to prioritize deal completion over favorable valuation terms to secure necessary capital.
Based on the reported figures, the company's retained earnings have deteriorated to a deficit of $9.5 million as of 2026Q1, highlighting the persistent impact of non-operating expenses on the firm's book value during its pre-combination phase.
The negative trajectory in retained earnings underscores the cost of maintaining a public shell entity without an underlying revenue-generating business. This trend suggests that shareholder value is being systematically diluted by the ongoing administrative burn rate, which may necessitate future capital injections or sponsor-led financing.
As indicated by the company's balance sheet, the rise in total liabilities to $6.1 million by 2026Q1, coupled with the absence of operational revenue, suggests that the entity is accumulating significant deferred obligations that could complicate future merger negotiations or impact post-combination equity value.
The accumulation of liabilities in the absence of operational activity may indicate deferred underwriting fees or sponsor loans that will eventually require settlement. Investors should be wary that these obligations could create a significant overhang, potentially reducing the net proceeds available to shareholders upon the completion of a business combination.
Quick answers to the most common questions about buying CEPT stock.
As of 2025, Cantor Equity Partners II, Inc. Class A Ordinary Share (CEPT) had total assets of $246.8M including $0.2M in current assets.
Cantor Equity Partners II, Inc. Class A Ordinary Share (CEPT) carries total debt of $0.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Cantor Equity Partners II, Inc. Class A Ordinary Share (CEPT) has total shareholders' equity (book value) of $240.6M ($11.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Cantor Equity Partners II, Inc. Class A Ordinary Share (CEPT) reported a current ratio of 0.10x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.