The balance sheet reflects severe distress, evidenced by a current ratio that has deteriorated to a precarious 0.08 as of 2026Q1.
DT Cloud Star Acquisition Corporation (DTSQ) balance sheet — 4-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 |
|---|
| Cash & Short Term Investments | 36.14M | 17.88M | 411.43K | 0 | 0 |
| Cash & Due from Banks | 198 | 461 | 411.43K | 0 | 0 |
| Short Term Investments | 0 | 17.88M | 0 | 0 | 0 |
| Total Investments | 19.04M | 17.88M | 70.46M | 0 | 0 |
| Investments Growth % | -223.37% | -74.63% | - | - | - |
| Long-Term Investments | 37.46M | 0 | 70.46M | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 0 | 17.88M | 0 | 0 | 0 |
| Total Current Assets | 27.89K | 95.64K | 451.61K | 2.97K | 2.66K |
| Total Non-Current Assets | 19.04M | 17.88M | 70.46M | 0 | 0 |
| Total Assets | 19.07M | 17.97M | 70.91M | 2.97K | 2.66K |
| Asset Growth % | -297.21% | -74.65% | - | 11.61% | - |
| Return on Assets (ROA) | 1.61% | 4.8% | 3.37% | -149.92% | -58.81% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -198 | -461 | -411.43K | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 690K | 690K | 690K | 0 | 0 |
| Total Current Liabilities | 1.65M | 456.89K | 111.89K | 8.76K | 4.23K |
| Total Non-Current Liabilities | 690K | 690K | 690K | 0 | 0 |
| Total Liabilities | 2.34M | 1.15M | 801.89K | 8.76K | 4.23K |
| Total Equity | 16.73M | 16.83M | 70.11M | -5.79K | -1.56K |
| Equity Growth % | -305.65% | -76% | - | -269.71% | - |
| Equity / Assets (Capital Ratio) | 87.73% | 93.62% | 98.87% | -194.81% | -58.81% |
| Return on Equity (ROE) | 1.77% | 4.91% | 3.41% | - | - |
| Book Value per Share | 10.12 | 2.68 | 7.88 | -0.00 | -0.00 |
| Tangible BV per Share | 10.12 | 2.68 | 7.88 | -0.00 | -0.00 |
| Common Stock | 19.04M | 17.88M | 70.46M | 173 | 173 |
| Additional Paid-in Capital | 0 | 0 | 0 | 24.83K | 24.83K |
| Retained Earnings | -2.31M | -1.05M | -350.48K | -5.79K | -1.56K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying DTSQ stock.
As of 2025, DT Cloud Star Acquisition Corporation (DTSQ) had total assets of $18.0M including $0.1M in current assets.
DT Cloud Star Acquisition Corporation (DTSQ) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DT Cloud Star Acquisition Corporation (DTSQ) has total shareholders' equity (book value) of $16.8M ($2.68 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DT Cloud Star Acquisition Corporation (DTSQ) reported a current ratio of 0.21x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Imminent Liquidation and Delisting
Metrics are mathematically derived from official filings.
Rapid Erosion of Asset Base
As reported in financial statements, DTSQ's total assets have plummeted from $72.7M in 2025Q3 to a mere $18.3M by 2026Q1, signaling a severe contraction in the entity's capital base and a heightened risk of total depletion before a business combination can be successfully executed.
The precipitous decline in total assets suggests that the trust account is being rapidly drained, likely through shareholder redemptions or the settlement of liabilities. This trajectory indicates that the shell's utility as a merger vehicle is diminishing, as the remaining capital may be insufficient to attract a viable private target.
Critical Liquidity and Solvency Risk
Based on recent SEC filings, the company's current ratio has deteriorated to a precarious 0.08 as of 2026Q1, reflecting an inability to cover short-term obligations and suggesting that the entity is effectively reliant on external sponsor support to maintain its basic public listing requirements.
A current ratio below 0.10 is a clear indicator of extreme financial distress, implying that the company lacks the liquid resources to sustain its ongoing administrative and regulatory costs. Investors should monitor whether the sponsor continues to provide capital, as the current liquidity position appears insufficient to support a long-term search for a merger candidate.
Equity Quality and Capital Erosion
According to historical balance sheet data, the company's equity position has faced significant volatility, with retained earnings consistently negative at -$1.5M as of 2026Q1, which underscores the persistent erosion of shareholder value inherent in the shell's current operating model and lack of revenue generation.
The negative retained earnings reflect the cumulative impact of administrative expenses that have not been offset by any operational income. This trend suggests that the equity base is being consumed by the costs of maintaining the shell, leaving little residual value for shareholders in the event of a liquidation.
Hidden Risks in Asset Composition
As indicated by the company's reported figures, the absence of any tangible assets or PPE, combined with a nominal cash balance of $461, suggests that the entity's balance sheet is entirely devoid of operational substance, making the listing value highly susceptible to sudden regulatory or exchange-driven delisting events.
The lack of productive assets means that the company's valuation is purely speculative and tied to the potential for a future transaction that appears increasingly unlikely given the current capital constraints. The reliance on non-cash assets or potential accounting adjustments warrants further investigation, as the headline numbers may mask a more severe underlying insolvency.