The balance sheet reflects severe structural impairment, evidenced by a current ratio of 0.01 and a negative equity position of -$2.0 million as of 2025Q3.
| Cash & Short Term Investments | 414.85K | 14.69K | 30.82K | 10.76K | 959.96K | 36.45K |
| Cash & Due from Banks | 24.33K | 14.69K | 30.82K | 10.76K | 959.96K | 36.45K |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 0 | 0 | 55.74M | 60.16M | 58.36M | 0 |
| Investments Growth % | -200% | -100% | -7.34% | 3.07% | - | - |
| Long-Term Investments | 0 | 0 | 55.74M | 60.16M | 58.36M | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 5.79M | 18.73M | 0 | 0 | 0 | 62.5K |
| Total Current Assets | 56.21K | 331.27K | 91.57K | 63.26K | 962.46K | 36.45K |
| Total Non-Current Assets | 5.79M | 18.73M | 55.74M | 60.16M | 58.36M | 62.5K |
| Total Assets | 5.84M | 19.06M | 55.83M | 60.45M | 59.33M | 98.95K |
| Asset Growth % | -198.69% | -65.85% | -7.64% | 1.89% | 59859.14% | - |
| Return on Assets (ROA) | -4.11% | 1.83% | 2.75% | 0.24% | -0.18% | -1.07% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 0 | 2.98M | 1.79M | 320K | 0 | 74.13K |
| Net Debt | -24.33K | 2.96M | 1.76M | 309.24K | -959.96K | 37.68K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 2.98M | 1.79M | 320K | 0 | 74.13K |
| Other Liabilities | 2.01M | 2.01M | 2.01M | 2.01M | 2.01M | 0 |
| Total Current Liabilities | 5.87M | 4.55M | 2.96M | 940.31K | 12.6K | 74.13K |
| Total Non-Current Liabilities | 2.02M | 2.03M | 2.06M | 2.06M | 2.01M | 0 |
| Total Liabilities | 7.89M | 6.58M | 5.03M | 3M | 2.03M | 74.13K |
| Total Equity | -2.04M | 12.49M | 50.8M | 57.45M | 57.3M | 24.82K |
| Equity Growth % | -421.84% | -75.42% | -11.56% | 0.25% | 230770.54% | - |
| Equity / Assets (Capital Ratio) | -34.93% | 65.51% | 91% | 95.04% | 96.59% | 25.08% |
| Return on Equity (ROE) | -30.63% | 2.16% | 2.95% | 0.25% | -0.19% | -4.25% |
| Book Value per Share | -4.61 | 5.32 | 7.03 | 7.56 | 7.54 | 0.02 |
| Tangible BV per Share | -4.61 | 5.32 | 7.03 | 7.56 | 7.54 | 0.02 |
| Common Stock | 185 | 19.01M | 55.43M | 59.54M | 48.27M | 144 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 9.09M | 25.73K |
| Retained Earnings | -7.85M | -6.52M | -4.62M | -2.1M | -54.5K | -1.05K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent Liquidation or Delisting
As reported in financial statements, GDST's total assets have plummeted from $61.8 million in 2023Q2 to just $5.8 million by 2025Q3, reflecting a severe contraction in the vehicle's capacity to facilitate a meaningful business combination as the search period extends well beyond typical market expectations.
The consistent decline in total assets suggests that the company is rapidly exhausting its trust account resources, likely through shareholder redemptions and ongoing operational burn. This trajectory implies that the entity is approaching a critical juncture where the remaining capital may be insufficient to support a viable merger.
Based on recent SEC filings, the company's current ratio has deteriorated to a precarious 0.01 as of 2025Q3, indicating that the firm lacks the necessary liquid assets to cover its immediate administrative and regulatory obligations without continued reliance on external sponsor support or further capital infusions.
The current ratio of 0.01 highlights an extreme liquidity constraint that leaves virtually no margin for error in managing the shell's ongoing costs. Investors should monitor whether the sponsor remains willing to provide the necessary bridge funding, as the current cash position of $24.3K appears insufficient for long-term operations.
According to the latest quarterly data, GDST has slipped into a negative equity position of -$2.0 million, a significant reversal from the $57.8 million reported in 2023Q2, which underscores the erosion of shareholder value and the mounting pressure from accumulated losses over the extended search period.
The shift to negative equity suggests that the company's liabilities now exceed its total assets, a condition that typically precedes liquidation or a highly dilutive restructuring. This deterioration implies that the original capital structure has been fundamentally compromised by the prolonged inability to execute a transaction.
As indicated by historical financial filings, the company's balance sheet is potentially distorted by the accounting treatment of warrant liabilities, which may mask the true extent of the financial distress and the dilution risk inherent in the current capital structure as the company nears its liquidation deadline.
The volatility in liabilities relative to the shrinking asset base warrants further investigation into the nature of these obligations, particularly regarding potential sponsor loans. The reliance on non-cash accounting adjustments may obscure the reality that the company is effectively insolvent without the sponsor's continued financial intervention.
Quick answers to the most common questions about buying GDST stock.
As of 2024, Goldenstone Acquisition Limited (GDST) had total assets of $19.1M including $0.3M in current assets.
Goldenstone Acquisition Limited (GDST) carries total debt of $3.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Goldenstone Acquisition Limited (GDST) has total shareholders' equity (book value) of $12.5M ($5.32 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Goldenstone Acquisition Limited (GDST) 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.