The balance sheet reflects a precarious liquidity position, evidenced by a current ratio of 0.27 and an accumulated deficit in retained earnings of $1.7M as of 2026Q1.
| Total Current Assets | 68.71K | 90.67K | 26K |
| 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 | 77.58M | 76.9M | 269.1K |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 306.02M | 76.9M | 452 |
| Other Non-Current Assets | - | - | - |
| Total Assets | 77.65M | 76.99M | 295.11K |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 156476.34% | 25990.04% | - |
| Total Current Liabilities | 251.1K | 168.24K | 489.05K |
| Accounts Payable | 0 | 16.57K | 67.4K |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 157.67K | 151.67K | 331.93K |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 93.43K | 0 | 0 |
| Current Ratio | 0.27x | 0.54x | 0.05x |
| Quick Ratio | 0.27x | 0.54x | 0.05x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 1.5M | 1.5M | 0 |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 1.75M | 1.66M | 489.05K |
| Total Debt | 157.67K | 151.67K | 331.93K |
| Net Debt | 140.81K | 134.42K | 331.92K |
| Debt / Equity | 0.00x | 0.00x | - |
| Debt / EBITDA | -0.27x | - | - |
| Net Debt / EBITDA | -0.24x | - | - |
| Interest Coverage | - | - | - |
| Total Equity | 75.9M | 75.33M | -193.94K |
| Equity Growth % | 533828.84% | 38941.59% | - |
| Book Value per Share | 10.15 | 16.98 | -0.02 |
| Total Shareholders' Equity | 75.9M | 75.33M | -193.94K |
| Common Stock | 77.58M | 76.9M | 217 |
| Retained Earnings | -1.68M | -1.57M | -250.85K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Imminent Liquidation Deadline Risk
As reported in financial statements, CHPG's total assets have fluctuated significantly, yet the most recent 2026Q1 data shows a nominal cash position of $17,251, indicating a deteriorating trajectory that suggests the entity is struggling to maintain the capital required for its ongoing public listing obligations.
The contraction in liquidity relative to historical peaks suggests that the company's ability to sustain its search for a business combination is severely compromised. Investors should monitor whether the current asset base can support administrative costs without further dilutive financing or sponsor intervention.
Based on the 2026Q1 balance sheet, the current ratio of 0.27 highlights a precarious liquidity position, as the company's cash reserves of $17,251 appear insufficient to cover its short-term liabilities of $1.7M, suggesting a high risk of insolvency before any potential business combination can be finalized.
This liquidity profile indicates that the company lacks a meaningful buffer against unexpected regulatory or administrative expenses. The inability to maintain a current ratio above 1.0 suggests that the entity is effectively reliant on external support to remain a going concern.
According to recent SEC filings, the company's retained earnings have remained consistently negative, reaching -$1.7M in 2026Q1, which reflects the ongoing accumulation of operating losses and suggests that the equity base is being eroded by the costs of maintaining a dormant special purpose vehicle structure.
The persistent negative retained earnings underscore the lack of value creation during the pre-combination phase. This trend warrants further investigation into whether the current equity structure can withstand further delays in deal execution without requiring significant capital restructuring.
As indicated by historical data, the company's reliance on debt instruments, which reached $157.7K in 2026Q1, creates a non-obvious risk where the entity may be financing its administrative burn through liabilities that could complicate a future merger or lead to a forced liquidation of the trust.
The presence of debt in a pre-revenue shell entity is atypical and suggests that the company is operating under financial duress. This leverage, while small in absolute terms, may indicate that the sponsor's commitment is waning or that the entity is exhausting its available credit capacity.
Quick answers to the most common questions about buying CHPG stock.
As of 2025, ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) had total assets of $77.0M including $0.1M in current assets.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) carries total debt of $0.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) has total shareholders' equity (book value) of $75.3M ($16.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) reported a current ratio of 0.54x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.