The balance sheet shows significant deterioration, with equity shifting to a negative position of -$11.2M as of 2026Q1, despite a headline asset figure of $261.5M that appears disconnected from actual cash holdings.
| Total Current Assets | 962.38K | 1.06M | 0 |
| Cash & Short-Term Investments | - | - | - |
| Cash Only | - | - | - |
| Short-Term Investments | - | - | - |
| Accounts Receivable | - | - | - |
| Days Sales Outstanding | - | - | - |
| Inventory | - | - | - |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 146.25K | 82.5K | 0 |
| Total Non-Current Assets | 260.52M | 258.27M | 94.71K |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 629.81M | 258.23M | 0 |
| Other Non-Current Assets | - | - | - |
| Total Assets | 261.48M | 259.33M | 94.71K |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 480936.5% | 273712.14% | - |
| Total Current Liabilities | 146.92K | 111.51K | 118.54K |
| Accounts Payable | 58.43K | 24.01K | 34.06K |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 0 | 0 | 66.43K |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 146.92K | 111.51K | 0 |
| Current Ratio | 6.55x | 9.51x | - |
| Quick Ratio | 6.55x | 9.51x | - |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 12.04M | 12.04M | 0 |
| Long-Term Debt | 0 | 0 | 66.43K |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 12.19M | 12.16M | 118.54K |
| Total Debt | 0 | 0 | 132.85K |
| Net Debt | -816.13K | -978.31K | 132.85K |
| Debt / Equity | -0.00x | - | - |
| Debt / EBITDA | 0.00x | - | 667597.99x |
| Net Debt / EBITDA | -0.54x | - | 667597.99x |
| Interest Coverage | - | - | - |
| Total Equity | -11.21M | -11.06M | -23.83K |
| Equity Growth % | 862146.61% | -46289.69% | - |
| Book Value per Share | -0.44 | -0.84 | -4.33 |
| Total Shareholders' Equity | -11.21M | -11.06M | -23.83K |
| Common Stock | 521.98M | 517.56M | 633 |
| Retained Earnings | -11.21M | -11.06M | -48.83K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Binary Deal Execution Failure
As reported in financial statements, OBA's total assets have fluctuated significantly, dropping from $254.5M in 2025Q2 to $261.5M in 2026Q1, while the company's equity position has turned negative at -$11.2M, signaling a weakening balance sheet trajectory as administrative costs continue to erode the firm's limited resources.
The shift toward negative equity suggests that the company is consuming its capital base to sustain its reporting issuer status without generating any offsetting operational value. Investors should monitor this trend closely, as the lack of a clear path to a business combination may further impair the company's financial standing.
Based on OBA's reported figures, the cash position has declined from $1.4M in 2025Q2 to $816.1K in 2026Q1, indicating that the company's liquidity buffer is being steadily depleted by ongoing administrative and regulatory expenses required to maintain its public listing status.
While the current ratio of 6.55 appears superficially healthy, it is largely a function of the company's lack of operational liabilities rather than robust liquidity. The consistent decline in cash reserves suggests that the company's runway is shortening, which may force management to seek additional financing or accelerate a merger.
According to recent filings, OBA's equity has deteriorated into a negative position of -$11.2M as of 2026Q1, a sharp reversal from the $242.4M reported in 2025Q2, which highlights the impact of accumulated deficits on the company's overall financial health and shareholder value.
The transition to negative equity is a concerning indicator that the company's capital structure is failing to support its ongoing administrative requirements. This trend warrants further investigation, as it may imply that the company is becoming increasingly reliant on external capital or debt-like arrangements to remain a viable entity.
As indicated by the provided data, the company's total assets of $261.5M in 2026Q1 appear disconnected from its actual cash holdings of $816.1K, suggesting that the headline asset figure may be heavily distorted by non-cash items or accounting adjustments that do not represent true economic value.
This discrepancy suggests that the balance sheet may be masking the true, limited nature of the company's resources. Investors should be cautious, as the reliance on non-cash assets could lead to significant write-downs if the company fails to execute a qualifying transaction in the near term.
Quick answers to the most common questions about buying OBA stock.
As of 2025, Oxley Bridge Acquisition Limited (OBA) had total assets of $259.3M including $1.1M in current assets.
Oxley Bridge Acquisition Limited (OBA) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Oxley Bridge Acquisition Limited (OBA) has total shareholders' equity (book value) of $-11.1M ($-0.84 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Oxley Bridge Acquisition Limited (OBA) reported a current ratio of 9.51x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.