The balance sheet reflects severe structural impairment, evidenced by a current ratio of 0.01 and a negative equity position of $3.3M as of 2025Q3.
| Cash & Short Term Investments | 1.75M | 152.02K | 69.82K | 0 |
| Cash & Due from Banks | 1.6M | 152.02K | 69.82K | 0 |
| Short Term Investments | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 0 | 0 |
| Investments Growth % | -210.23% | - | - | - |
| Long-Term Investments | 62.68M | 0 | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 |
| Other Assets | 1.6M | 72.35M | 85K | 95K |
| Total Current Assets | 22.87K | 168.85K | 503.26K | 0 |
| Total Non-Current Assets | 1.6M | 72.35M | 85K | 95K |
| Total Assets | 1.62M | 72.51M | 588.26K | 95K |
| Asset Growth % | 12018.44% | 12226.77% | 519.23% | - |
| Return on Assets (ROA) | 3.15% | 6.2% | -25.55% | -85.61% |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Total Debt | 0 | 0 | 217.61K | 151.33K |
| Net Debt | -1.6M | -152.02K | 147.8K | 151.33K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 217.61K | 151.33K |
| Other Liabilities | 1.73M | 1.73M | 0 | 0 |
| Total Current Liabilities | 1.56M | 297.82K | 731.86K | 151.33K |
| Total Non-Current Liabilities | 1.73M | 1.73M | 0 | 0 |
| Total Liabilities | 3.28M | 2.02M | 731.86K | 151.33K |
| Total Equity | -3.26M | 70.49M | -143.6K | -56.33K |
| Equity Growth % | 48968.57% | 49189.54% | -154.94% | - |
| Equity / Assets (Capital Ratio) | -201.05% | 97.21% | -24.41% | -59.29% |
| Return on Equity (ROE) | 3.46% | 6.44% | - | - |
| Book Value per Share | -4.18 | 11.98 | -0.02 | -0.01 |
| Tangible BV per Share | -4.18 | 11.98 | -0.02 | -0.01 |
| Common Stock | 1.6M | 72.35M | 173 | 173 |
| Additional Paid-in Capital | 0 | 0 | 24.83K | 24.83K |
| Retained Earnings | -3.26M | -1.85M | -168.6K | -81.33K |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 |
Imminent Liquidation and Dilution
According to recent financial filings, DYCQ's total assets have plummeted from a peak of $72.5M in 2024Q4 to just $1.6M by 2025Q3, signaling a severe contraction in the shell's capacity to facilitate a meaningful business combination or maintain its public listing status.
The precipitous decline in asset value suggests that the trust funds previously held for potential acquisitions have been largely depleted, likely through shareholder redemptions. This trajectory implies that the entity is nearing the end of its viable lifecycle as a SPAC, leaving little room for strategic maneuvering.
As reported in quarterly statements, the company's current ratio has collapsed to a precarious 0.01 as of 2025Q3, reflecting an acute lack of liquidity that leaves the firm with minimal buffer to cover ongoing administrative and regulatory obligations required to sustain its existence.
The current liquidity profile indicates that the company is effectively operating on a month-to-month basis, with cash reserves insufficient to support extended due diligence or complex merger negotiations. Investors should monitor whether the sponsor provides additional capital injections, as the current balance sheet appears unable to support further search activities.
Based on the 2025Q3 balance sheet, the company reports a negative equity position of $3.3M, a stark reversal from the $70.5M in equity recorded in 2024Q4, which highlights the severe erosion of shareholder value as the entity approaches its potential liquidation deadline.
The shift into negative equity territory suggests that liabilities have outpaced the remaining asset base, likely driven by the combination of redemption activity and ongoing operational costs. This deterioration warrants further investigation into the sponsor's commitment to the vehicle, as the current capital structure appears fundamentally impaired.
Data from recent SEC filings reveals that total liabilities have surged to $3.3M against a backdrop of negligible assets, suggesting that the company's financial health is significantly more fragile than headline figures might imply for a standard operating entity in this sector.
The accumulation of liabilities in the absence of revenue-generating assets suggests that the company is accruing significant obligations that may ultimately be settled through further dilution or liquidation. This imbalance poses a non-obvious risk to remaining shareholders, as the priority of these claims could complicate any potential wind-down process.
Quick answers to the most common questions about buying DYCQ stock.
As of 2024, DT Cloud Acquisition Corporation (DYCQ) had total assets of $72.5M including $0.2M in current assets.
DT Cloud Acquisition Corporation (DYCQ) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DT Cloud Acquisition Corporation (DYCQ) has total shareholders' equity (book value) of $70.5M ($11.98 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DT Cloud Acquisition Corporation (DYCQ) reported a current ratio of 0.57x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.