The financial position has weakened significantly, with the current ratio collapsing to 0.04 as of 2026Q1 and the emergence of $142,900 in debt, indicating a shift toward debt-funded operations.
| Total Current Assets | 12.06K | 13.29K | 457 |
| 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 | 90.23M | 89.44M | 85.87K |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 355.94M | 89.44M | 85.87M |
| Other Non-Current Assets | - | - | - |
| Total Assets | 90.24M | 89.46M | 86.33K |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 103305296.64% | 103527.9% | - |
| Total Current Liabilities | 283.88K | 198.51K | 49.63K |
| Accounts Payable | 0 | 33.88K | 36 |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 142.88K | 100.88K | 0 |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 141K | 0 | 49.58K |
| Current Ratio | 0.04x | 0.07x | 0.01x |
| Quick Ratio | 0.04x | 0.07x | 0.01x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 1.7M | 1.7M | 1.7M |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 1.98M | 1.9M | 1.75M |
| Total Debt | 142.88K | 100.88K | 0 |
| Net Debt | 138.28K | 95.75K | -447 |
| Debt / Equity | 0.00x | 0.00x | - |
| Debt / EBITDA | -0.28x | - | - |
| Net Debt / EBITDA | -0.27x | - | -482.20x |
| Interest Coverage | - | - | - |
| Total Equity | 88.26M | 87.56M | -1.29K |
| Equity Growth % | 178589986.58% | 6777136.84% | - |
| Book Value per Share | 8.05 | 10.30 | -0.00 |
| Total Shareholders' Equity | 88.26M | 87.56M | -1.29K |
| Common Stock | 90.23M | 89.44M | 85.87K |
| Retained Earnings | -1.97M | -1.89M | -1.29M |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -85.87K |
| Minority Interest | 0 | 0 | 0 |
Liquidation and capital exhaustion
As reported in financial statements, CHAR's liquidity profile has significantly weakened, with cash reserves plummeting from $186.2K in 2025Q1 to a nominal $4.6K by 2026Q1, signaling a precarious trajectory that leaves the entity with virtually no buffer to sustain its ongoing search for a merger target.
The consistent decline in cash balances suggests that the company is struggling to manage its administrative overhead while maintaining its public listing status. This trend implies that the firm may soon face a critical funding gap, potentially forcing management to seek dilutive capital infusions or risk premature liquidation.
Based on the latest balance sheet data, the current ratio has collapsed to 0.04 as of 2026Q1, reflecting an inability to cover short-term liabilities with existing liquid assets and highlighting a severe lack of operational runway for the shell company's ongoing business combination search activities.
The rapid erosion of the current ratio from 19.95 in 2025Q2 to near-zero levels indicates that the company is effectively operating on a hand-to-mouth basis. Investors should monitor whether the sponsor provides additional financial support, as the current liquidity position appears insufficient to support the due diligence costs required for a successful transaction.
According to recent SEC filings, the company's equity base has been eroded by persistent net losses, with retained earnings falling to -$2.0M by 2026Q1, which underscores the structural fragility of the capital base and the potential for future shareholder dilution to cover mounting operational expenses.
The negative retained earnings reflect the ongoing costs of maintaining the shell vehicle without any offsetting revenue generation. This erosion of equity suggests that the value of the common shares is increasingly tied to the speculative success of a future merger rather than the underlying book value of the entity.
As indicated by the company's financial disclosures, the emergence of $142.9K in debt by 2026Q1, after periods of zero leverage, suggests a shift toward debt-funded operations that may complicate future merger negotiations and increase the overall risk profile for existing shareholders during the search phase.
The introduction of debt into a previously debt-free shell entity warrants further investigation, as it may represent sponsor loans or other liabilities that could take priority in a liquidation scenario. This shift implies that the company's financial flexibility is narrowing, potentially limiting the sponsor's ability to negotiate favorable terms for a business combination.
Quick answers to the most common questions about buying CHAR stock.
As of 2025, Charlton Aria Acquisition Corporation (CHAR) had total assets of $89.5M including $0.0M in current assets.
Charlton Aria Acquisition Corporation (CHAR) carries total debt of $0.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Charlton Aria Acquisition Corporation (CHAR) has total shareholders' equity (book value) of $87.6M ($10.30 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Charlton Aria Acquisition Corporation (CHAR) reported a current ratio of 0.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.