Liquidity is critically constrained, evidenced by a current ratio that has deteriorated to a precarious 0.01 as of 2026Q1.
| Total Current Assets | 21.5K | 22.43M | 1.57M | 718.4K |
| Cash & Short-Term Investments | - | - | - | - |
| Cash Only | - | - | - | - |
| Short-Term Investments | - | - | - | - |
| Accounts Receivable | - | - | - | - |
| Days Sales Outstanding | - | - | - | - |
| Inventory | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 20.59K | 21.24M | 18.98K | 108.21K |
| Total Non-Current Assets | 19.54M | 19.23B | 73.12M | 70.51M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 37.65M | 0 | 73.12M | 70.51M |
| Other Non-Current Assets | - | - | - | - |
| Total Assets | 19.56M | 19.26B | 74.69M | 71.22M |
| Asset Turnover | 0.00x | - | - | - |
| Asset Growth % | 25537.65% | 25681.14% | 4.86% | - |
| Total Current Liabilities | 2.97M | 2.65B | 1.6B | 231.99K |
| Accounts Payable | 0 | 0 | 70.98K | 18.25K |
| Days Payables Outstanding | - | - | - | - |
| Short-Term Debt | 0 | 0 | 500K | 0 |
| Deferred Revenue (Current) | 0 | - | - | - |
| Other Current Liabilities | 2.96M | 2.65B | 1.6B | 0 |
| Current Ratio | 0.01x | 0.01x | 0.00x | 3.10x |
| Quick Ratio | 0.01x | 0.01x | 0.00x | 3.10x |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 2.42M | 2.42B | 2.42M | 2.42M |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - |
| Other Non-Current Liabilities | - | - | - | - |
| Total Liabilities | 5.39M | 5.07B | 4.02M | 2.65M |
| Total Debt | 0 | 0 | 500K | 0 |
| Net Debt | -909 | -1.2M | -1.05M | -610.18K |
| Debt / Equity | 0.00x | - | 0.01x | - |
| Debt / EBITDA | -0.00x | - | 0.18x | - |
| Net Debt / EBITDA | 0.00x | - | -0.37x | - |
| Interest Coverage | - | - | - | - |
| Total Equity | 14.17M | 14.19B | 70.67M | 68.58M |
| Equity Growth % | 19811.27% | 19974.93% | 3.05% | - |
| Book Value per Share | 8.33 | 7697.35 | 10.24 | 16.64 |
| Total Shareholders' Equity | 14.17M | 14.19B | 70.67M | 68.58M |
| Common Stock | 19.67M | 19.29B | 73.14M | 70.32M |
| Retained Earnings | -5.49M | -5.11B | -2.47M | -1.74M |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Limited Operational Runway
As reported in recent SEC filings, QETA's total assets have plummeted from $74.7 million in 2024Q4 to $19.6 million by 2026Q1, a trend that suggests significant shareholder redemptions and a narrowing window for the sponsor to execute a viable business combination before the trust is exhausted.
The rapid contraction of the asset base indicates that the vehicle is losing its primary utility as a capital-raising mechanism. Investors should monitor whether this trajectory forces the sponsor into a suboptimal merger to avoid total liquidation of the remaining trust capital.
Based on the company's 2026Q1 financial statements, the current ratio has deteriorated to a precarious 0.01, reflecting a severe lack of liquid assets relative to short-term liabilities and highlighting the company's reliance on external sponsor support to maintain its ongoing compliance and administrative search functions.
The near-zero current ratio suggests that the company lacks the internal liquidity to sustain its search operations without further capital injections. This dependency on the sponsor may limit the board's independence when evaluating potential targets, as the pressure to close a deal becomes an existential necessity.
According to historical balance sheet data, equity has declined from $70.7 million in 2024Q4 to $14.2 million in 2026Q1, a sharp reduction that reflects the impact of persistent shareholder redemptions and the accumulation of significant retained earnings deficits throughout the search phase of the SPAC lifecycle.
The erosion of equity value underscores the market's lack of conviction in the sponsor's ability to identify a high-quality fintech target. This trend suggests that the remaining equity base is increasingly fragile, leaving little room for error in the valuation of any future acquisition.
As indicated by the company's reported figures, the presence of fluctuating liabilities, including potential warrant obligations, creates a distorted balance sheet that may mask the true extent of the company's financial distress as it approaches the end of its designated search period for a target.
The volatility in liabilities warrants further investigation, as these non-cash items often obscure the actual cash burn rate required to keep the entity listed. Investors should be wary that the headline equity figures may not accurately represent the capital available for a de-SPAC transaction.
Quick answers to the most common questions about buying QETA stock.
As of 2025, Quetta Acquisition Corporation (QETA) had total assets of $19.26B including $22.4M in current assets.
Quetta Acquisition Corporation (QETA) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Quetta Acquisition Corporation (QETA) has total shareholders' equity (book value) of $14.19B ($7697.35 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Quetta Acquisition Corporation (QETA) reported a current ratio of 0.01x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.