The capital structure has collapsed into a $2.1 million equity deficit by 2026Q2, while total liabilities have climbed to $2.3 million, signaling extreme structural weakness.
| Cash & Short Term Investments | 510.02K | 51.43K | 670.35K | 0 |
| Cash & Due from Banks | 151.62K | 51.43K | 670.35K | 0 |
| Short Term Investments | 0 | 0 | 0 | 0 |
| Total Investments | 32.81M | 31.34M | 58.11M | 0 |
| Investments Growth % | -190.19% | -46.07% | - | - |
| Long-Term Investments | 156.24M | 31.34M | 58.11M | 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 | 0 | 0 | 0 | 236.9K |
| Total Current Assets | 202.99K | 99.31K | 734.2K | 47.2K |
| Total Non-Current Assets | 32.81M | 31.34M | 58.11M | 236.9K |
| Total Assets | 33.01M | 31.44M | 58.84M | 284.1K |
| Asset Growth % | 20588.01% | -46.57% | 20612.27% | - |
| Return on Assets (ROA) | 1.15% | 3.04% | 0.86% | -0.01% |
| Accounts Payable | 0 | 0 | 39.72K | 160.42K |
| Total Debt | 0 | 0 | 0 | 104.01K |
| Net Debt | -151.62K | -51.43K | -670.35K | 104.01K |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 104.01K |
| Other Liabilities | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 2.27M | 724.58K | 49.72K | 264.43K |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Liabilities | 2.27M | 724.58K | 49.72K | 264.43K |
| Total Equity | -2.07M | -625.27K | 58.79M | 19.68K |
| Equity Growth % | -48.2% | -101.06% | 298727.25% | - |
| Equity / Assets (Capital Ratio) | -6.26% | -1.99% | 99.92% | 6.93% |
| Return on Equity (ROE) | -44.79% | 4.71% | 0.87% | -0.08% |
| Book Value per Share | -0.71 | -0.12 | 7.69 | 0.02 |
| Tangible BV per Share | -0.71 | -0.12 | 7.69 | 0.02 |
| Common Stock | 32.81M | 31.34M | 55.93M | 144 |
| Additional Paid-in Capital | 0 | 0 | 2.61M | 24.86K |
| Retained Earnings | -2.07M | -625.46K | 250.4K | -5.33K |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 |
Insolvency and delisting risk
As reported in financial statements, EURK's equity position has deteriorated from a peak of $59.7 million in 2025Q2 to a deficit of $2.1 million by 2026Q2, reflecting a rapid depletion of capital that suggests the entity is struggling to maintain its viability as a public shell.
The consistent shift into negative equity territory indicates that the company is consuming its remaining resources to cover administrative overhead rather than preserving capital for a potential merger. This trajectory suggests that the entity's ability to function as a viable acquisition vehicle is increasingly compromised by its inability to replenish its balance sheet.
Based on the most recent quarterly data, the current ratio has plummeted to 0.09 as of 2026Q2, indicating that the company's liquid assets are insufficient to cover its immediate short-term liabilities, which warrants significant concern regarding the firm's ongoing operational solvency.
The sharp decline in the current ratio from 14.77 in 2024Q4 to current levels highlights a severe liquidity crunch that leaves little room for error in managing regulatory and legal expenses. Investors should monitor whether the company can secure additional funding, as the current cash position appears inadequate to support the costs associated with a complex business combination.
According to the balance sheet data, the company's transition to a negative equity position of $2.1 million in 2026Q2 underscores a fundamental erosion of shareholder value, as the accumulation of losses has completely offset the initial capital base provided at the time of the entity's formation.
The persistent negative retained earnings suggest that the company's operational costs are consistently exceeding its ability to generate or attract capital. This trend implies that the equity base is no longer a source of strength, but rather a reflection of the entity's inability to sustain its listing status without external intervention.
Analysis of the reported figures reveals that total liabilities have surged to $2.3 million in 2026Q2, which, when paired with the lack of revenue, suggests that the company may be accumulating significant off-balance-sheet or accrued obligations that could complicate any future merger negotiations.
The rapid increase in liabilities relative to the company's minimal cash reserves suggests that the entity may be relying on sponsor-provided credit or deferred service payments to remain operational. This reliance on external support creates a potential overhang that could dilute future shareholders or force a distressed transaction to satisfy creditors.
Quick answers to the most common questions about buying EURK stock.
As of 2025, Eureka Acquisition Corp Class A Ordinary Share (EURK) had total assets of $31.4M including $0.1M in current assets.
Eureka Acquisition Corp Class A Ordinary Share (EURK) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Eureka Acquisition Corp Class A Ordinary Share (EURK) has total shareholders' equity (book value) of $-0.6M ($-0.12 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Eureka Acquisition Corp Class A Ordinary Share (EURK) reported a current ratio of 0.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.