The balance sheet remains vulnerable, with total assets of $289.0 million heavily skewed by trust account holdings that mask the lack of tangible, revenue-generating infrastructure.
| Total Current Assets | 595.73K | 743.29K | 578 | 0 |
| Cash & Short-Term Investments | 456.98K | 664.89K | 578 | 0 |
| Cash Only | 456.98K | 664.89K | 578 | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - |
| Other Current Assets | 0 | 0 | -577 | 0 |
| Total Non-Current Assets | 288.44M | 286M | 343 | 70 |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.14B | 285.98M | 0 | 0 |
| Other Non-Current Assets | 0 | 18.75K | 343 | 70 |
| Total Assets | 289.04M | 286.74M | 343 | 70 |
| Asset Turnover | 0.00x | - | - | - |
| Asset Growth % | 7968.95% | 83505339.99% | 390.55% | - |
| Total Current Liabilities | 175.75K | 123.67K | 383 | 46 |
| Accounts Payable | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - | - |
| Short-Term Debt | 0 | 0 | 160 | 45 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 175.75K | 123.67K | 218 | 0 |
| Current Ratio | 3.39x | 6.01x | 1.51x | - |
| Quick Ratio | 3.39x | 6.01x | 1.51x | - |
| Cash Conversion Cycle | - | - | - | - |
| Total Non-Current Liabilities | 16.56M | 16.56M | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 16.56M | 16.56M | 0 | 0 |
| Total Liabilities | 16.74M | 16.68M | 383 | 46 |
| Total Debt | 0 | 0 | 160 | 45 |
| Net Debt | -456.98K | -664.89K | 159 | 45 |
| Debt / Equity | 0.00x | - | - | 1.88x |
| Debt / EBITDA | -0.00x | - | - | - |
| Net Debt / EBITDA | 1.15x | - | - | - |
| Interest Coverage | - | - | - | - |
| Total Equity | 272.3M | 270.06M | -39.92K | 24 |
| Equity Growth % | 325167.48% | 676653.38% | -166420.83% | - |
| Book Value per Share | 9.87 | 12.89 | -7.98 | 0.00 |
| Total Shareholders' Equity | 272.3M | 270.06M | -39.92K | 24 |
| Common Stock | 288.44M | 285.98M | 575 | 0 |
| Retained Earnings | -16.14M | -15.92M | -64.92K | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Liquidation and Deal Execution
As reported in recent financial statements, SDHI's cash position has steadily declined to $457.0K by 2026Q1, representing a significant contraction from the $3.2M held in 2025Q1 and highlighting the increasing pressure on the entity to secure a target before operational capital is fully exhausted.
The rapid depletion of liquid assets suggests that the company is nearing a critical juncture where sponsor support may be required to maintain public listing compliance. Investors should monitor the current ratio, which, while appearing healthy at 3.39, masks the reality that the majority of assets are likely restricted within the trust account rather than available for general corporate purposes.
Based on historical balance sheet data, the company's equity position has undergone significant volatility, shifting from a deficit of $83.8K in 2025Q1 to a reported $272.3M in 2026Q1, a change primarily driven by accounting adjustments rather than organic value creation or operational success.
This trajectory reflects the mechanical nature of SPAC accounting where the valuation of public shares and warrants creates large, non-cash swings in equity. The persistent negative retained earnings of $16.1M indicate that the entity continues to consume capital without generating any offsetting operational income, reinforcing the speculative nature of the current balance sheet.
According to SEC filings, the reported total assets of $289.0M as of 2026Q1 are heavily skewed by the trust account, which obscures the fact that the company lacks any tangible operating assets or revenue-generating infrastructure to support its long-term viability in the technology services sector.
The absence of PPE and goodwill suggests that the balance sheet is entirely devoid of operational substance, serving only as a vehicle for capital holding. Analysts should be wary of interpreting the large asset base as a sign of corporate strength, as these funds are strictly earmarked for potential acquisitions or shareholder redemptions.
As noted in recent financial disclosures, the company's equity structure remains highly sensitive to warrant accounting and potential future dilution, which may significantly impact the value of public shares should a business combination be successfully executed within the remaining timeframe.
The reliance on sponsor-provided capital and the potential for future equity issuance to fund a merger warrants further investigation into the alignment between management and public shareholders. The lack of retained earnings growth suggests that the equity base is not being bolstered by internal performance, but rather by the initial capital injection and subsequent accounting reclassifications.
Quick answers to the most common questions about buying SDHI stock.
As of 2025, Siddhi Acquisition Corp (SDHI) had total assets of $286.7M including $0.7M in current assets.
Siddhi Acquisition Corp (SDHI) carries total debt of $0.0M, offset by $0.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Siddhi Acquisition Corp (SDHI) has total shareholders' equity (book value) of $270.1M ($12.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Siddhi Acquisition Corp (SDHI) reported a current ratio of 6.01x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.