Is Alset Capital Acquisition Corp. (ACAX) a Buy, Sell, or Hold?
NASDAQ : ACAX
Alset Capital Acquisition Corp. — Financials
$3.82 USD
-$6.58 (-63.27%)
- Volume
- 370.88K
- Average Volume
- 33.42K
- Market Capitalization
- $17.6M
- P/E Ratio
- 34.66
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $15.04
- Year Low
- $2.96
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $1.60
ACAX Financial Statements
| date | 2025-12-31 | 2024-12-31 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| revenue | 866.93K | 1.25M | - | - | - |
| costOfRevenue | 407.2K | 651.72K | - | - | - |
| grossProfit | 459.73K | 601.86K | - | - | - |
| researchAndDevelopmentExpenses | - | - | - | - | - |
| generalAndAdministrativeExpenses | 3.53M | 2.65M | - | 689.65K | 60 |
| sellingAndMarketingExpenses | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 3.53M | 2.65M | - | 689.65K | 60 |
| otherExpenses | - | - | 388.4K | -688.96K | - |
| operatingExpenses | 3.53M | 2.65M | 388.4K | 689.65 | 60 |
| costAndExpenses | 3.94M | 3.3M | 388.4K | 689.65 | 60 |
| netInterestIncome | - | - | - | - | - |
| interestIncome | - | - | - | - | - |
| interestExpense | -52242 | -72076 | - | - | - |
| depreciationAndAmortization | 19646 | 48172 | 167.9K | - | 236.56K |
| ebitda | 19646 | 48172 | 388.4K | -1.68M | - |
| ebit | - | - | - | -690K | - |
| nonOperatingIncomeExcludingInterest | - | - | - | - | - |
| operatingIncome | -3.07M | -2.04M | 388.4K | -689 | -60 |
| totalOtherIncomeExpensesNet | 461.57K | -561.73K | - | - | - |
| incomeBeforeTax | -2.61M | -2.61M | 388.4K | 300.46K | -60 |
| incomeTaxExpense | 20163 | -15773 | - | 186.92K | - |
| netIncomeFromContinuingOperations | - | -2.59M | 388.4K | 113.54K | -60 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - |
| netIncome | -2.63M | -2.59M | 388.4K | 113.54K | -60 |
| netIncomeDeductions | - | - | - | - | - |
| bottomLineNetIncome | - | -2.59M | 388.4K | 113.54K | -60 |
| eps | - | -0.5 | 0.07 | 0.01 | -0.03 |
| date | 2025-12-31 | 2024-12-31 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| cashAndCashEquivalents | 2.09M | 4.34M | 585.65K | 1.17M | 50000 |
| shortTermInvestments | 84466 | - | 21.25M | - | - |
| cashAndShortTermInvestments | 2.17M | 4.34M | 21.84M | 1.17M | 50000 |
| netReceivables | 3324 | 17546 | - | - | - |
| accountsReceivables | - | 17546 | - | - | - |
| otherReceivables | - | - | - | - | - |
| inventory | 1057 | 1574 | - | - | - |
| prepaids | - | - | - | - | - |
| otherCurrentAssets | 797.27K | 1.11M | -21.14M | 22042 | 85 |
| totalCurrentAssets | 2.97M | 5.47M | 703.15K | 1.19M | 50000 |
| propertyPlantEquipmentNet | 111.81K | 582.34K | - | - | - |
| goodwill | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - |
| longTermInvestments | - | - | - | - | - |
| taxAssets | - | - | - | - | - |
| otherNonCurrentAssets | 1.48M | 351.38K | 21.25M | 88.1M | 85000 |
| totalNonCurrentAssets | 1.6M | 933.72K | 21.25M | 88.1M | 85000 |
| otherAssets | - | - | - | - | - |
| totalAssets | 4.57M | 6.41M | 21.96M | 89.3M | 135K |
| totalPayables | - | - | - | 376.54K | - |
| accountPayables | - | - | - | 376.54K | - |
| otherPayables | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - |
| shortTermDebt | 343.41K | 1.56M | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - |
| taxPayables | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - |
| otherCurrentLiabilities | 935.63K | 1.75M | 837.58K | - | 115K |
| totalCurrentLiabilities | 1.28M | 3.31M | 837.58K | 376.54K | 115K |
| longTermDebt | 485.54K | 220.25K | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - |
| otherNonCurrentLiabilities | 118.56K | - | 3.02M | 3.02M | - |
| totalNonCurrentLiabilities | 604.09K | 220.25K | 3.02M | 3.02M | - |
| otherLiabilities | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - |
| totalLiabilities | 1.95M | 3.64M | 3.86M | 3.4M | 115K |
| treasuryStock | - | - | - | - | - |
| preferredStock | - | - | - | - | - |
| commonStock | 747 | 559 | 20.46M | 87.93M | 216 |
| retainedEarnings | -8.95M | -6.16M | -2.36M | -2.03M | -5000 |
| additionalPaidInCapital | - | - | - | - | - |
| date | 2025-12-31 | 2024-12-31 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| netIncome | -2.63M | -2.05M | 388.4K | 113.54K | -60 |
| depreciationAndAmortization | 19646 | 48172 | - | - | - |
| deferredIncomeTax | - | - | 43.48 | - | - |
| stockBasedCompensation | - | -325K | - | - | - |
| changeInWorkingCapital | - | - | - | 357.5K | - |
| accountsReceivables | 14080 | 5384 | - | - | - |
| inventory | 412 | 336 | - | - | - |
| accountsPayables | -141.81K | 228.64K | - | 366.54K | - |
| otherWorkingCapital | - | - | - | -9043 | - |
| otherNonCashItems | 860.68K | 662.45K | -388.4K | -985.11K | 60 |
| netCashProvidedByOperatingActivities | -1.75M | -1.66M | 43.48 | -514.07K | - |
| investmentsInPropertyPlantAndEquipment | -19464 | -30394 | - | - | - |
| acquisitionsNet | - | - | - | - | - |
| purchasesOfInvestments | -85872 | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - |
| otherInvestingActivities | -1.08M | 20.48M | - | -87.13M | - |
| netCashProvidedByInvestingActivities | -1.19M | 20.45M | - | -87.13M | - |
| netDebtIssuance | - | - | - | - | - |
| longTermNetDebtIssuance | - | - | - | - | - |
| shortTermNetDebtIssuance | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - |
| commonStockIssuance | 1.41M | 3.58M | - | - | - |
| commonStockRepurchased | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - |
| otherFinancingActivities | 934.71K | -15.76M | - | 88.76M | 600 |
| netCashProvidedByFinancingActivities | 934.71K | -15.76M | - | 88.76M | 600 |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 64200 | 54560 | 206.78K | 310.39K | 295.2K | 287.48K | 345.52K | 334.88K | 286.11K | - |
| costOfRevenue | 16912 | 14899 | 83196 | 161.5K | 147.6K | 173.28K | 185.65K | 169.97K | 122.81K | - |
| grossProfit | 47288 | 39661 | 123.58K | 148.89K | 147.59K | 113.78K | 159.87K | 164.91K | 163.3K | - |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 672.2K | 2.05M | 324.98K | 488.68K | 664.24K | 1.43M | 487.39K | 654.74K | 1.13M | 685.85K |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 672.2K | 2.05M | 324.98K | 488.68K | 664.24K | 1.43M | 487.39K | 654.74K | 1.13M | 685.85K |
| otherExpenses | - | - | - | - | - | -1.05M | - | - | - | - |
| operatingExpenses | 672.2K | 2.05M | 324.98K | 488.68K | 664.24K | 375.87K | 487.39K | 654.74K | 1.13M | 685.85K |
| costAndExpenses | 689.11K | 2.07M | 408.17K | 650.18K | 811.84K | 2.46M | 673.05K | 824.71K | 1.25M | 685.85K |
| netInterestIncome | - | 111.78K | -32127 | -29529 | -50126 | 3.35M | - | - | - | -3.35M |
| interestIncome | - | - | - | - | - | 1675 | - | -15718 | - | -1940 |
| interestExpense | -9132 | -164.02K | 32127 | 29529 | 50126 | -3.42M | -18451 | -18697 | -18131 | 3.35M |
| depreciationAndAmortization | 2091 | 1624 | 11358 | 3382 | 3282 | 48172 | 15320 | - | - | - |
| ebitda | 2091 | 1624 | -251.61K | 108.89K | 3282 | -1.46M | 15320 | -490K | -966K | 2.54M |
| ebit | - | - | -262.97K | 105.51K | - | -1.51M | - | - | - | 2.54M |
| nonOperatingIncomeExcludingInterest | - | -61573 | 61573 | - | - | -398.31K | - | - | - | -388K |
| operatingIncome | -624.91K | -2.77M | -201.39K | 415.77K | -516.65K | -3.09M | -327.52K | 2.34M | -966K | 2.15M |
| totalOtherIncomeExpensesNet | -1859 | 909.57K | -93700 | -339.79K | -14507 | 828.18K | -209.62K | -809.3K | -371K | -2.96M |
| incomeBeforeTax | -626.77K | -1.86M | -295.09K | 75977 | -531.16K | -2.26M | -537.14K | 1.53M | -1.34M | -815K |
| incomeTaxExpense | -576 | -2311 | -4090 | -7412 | 33976 | 159.4K | -159.77K | -15718 | 319 | -375K |
| netIncomeFromContinuingOperations | - | - | -291K | 83389 | -565K | -318K | -548K | -388K | -1.34M | -485K |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -626.2K | -1.86M | -291K | 83389 | -565K | -318K | -548K | -388K | -1.34M | -485K |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | - | 772.62K | -291K | 83389 | -565K | -318K | -548K | -388K | -1.34M | -485K |
| eps | - | 0.15 | -0.06 | 0.02 | -0.11 | -0.06 | -0.11 | -0.07 | -0.26 | -0.09 |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-11-30 | 2023-08-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 1.46M | 2.09M | 2.9M | 3.73M | 4.18M | 4.34M | 832.37K | 821.35K | 585.65K | 812.29K |
| shortTermInvestments | 99615 | 84466 | 223.67K | - | - | - | - | - | 21.25M | - |
| cashAndShortTermInvestments | 1.56M | 2.17M | 3.12M | 3.73M | 4.18M | 4.34M | 832.37K | 821.35K | 21.84M | 812.29K |
| netReceivables | 3096 | 3324 | 559.11K | 22948 | 35106 | 17546 | 35067 | 25723 | - | - |
| accountsReceivables | - | - | 559.11K | 22948 | 35106 | 17546 | 35067 | 25723 | - | - |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | 1085 | 1057 | 1113 | 6369 | 2585 | 1574 | 1894 | 1460 | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | 885.48K | 797.27K | 176.48K | 5.42M | 1.69M | 1.11M | 881.1K | 1.13M | - | 288.86K |
| totalCurrentAssets | 2.45M | 2.97M | 3.86M | 9.18M | 5.91M | 5.47M | 1.75M | 1.98M | 703.15K | 1.1M |
| propertyPlantEquipmentNet | 77509 | 111.81K | 145.88K | 357.01K | 481.03K | 582.34K | 748.18K | 687.76K | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | - | - | - | - | - | - | - | - | - |
| taxAssets | - | - | - | 3305 | - | - | - | - | - | - |
| otherNonCurrentAssets | 1.68M | 1.48M | 1.18M | 1.06M | 142.79K | 351.38K | 421.46K | 403.94K | 21.25M | 20.98M |
| totalNonCurrentAssets | 1.76M | 1.6M | 1.33M | 1.43M | 623.82K | 933.72K | 1.17M | 1.09M | 21.25M | 20.98M |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 4.21M | 4.57M | 5.18M | 10.6M | 6.53M | 6.41M | 2.92M | 3.07M | 21.96M | 22.08M |
| totalPayables | - | - | - | - | - | - | - | - | - | - |
| accountPayables | - | - | - | - | - | - | - | - | - | - |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | - | - |
| shortTermDebt | 322.34K | 343.41K | 1.08M | 1.17M | 1.27M | 1.56M | 707.67K | 626.12K | - | 205.3K |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | 15631 | 14872 | - | - | - | - | -524.38 |
| otherCurrentLiabilities | 1.21M | 935.63K | 1.17M | 5.96M | 1.38M | 1.75M | 1.21M | 4.8M | 837.58K | 523.85K |
| totalCurrentLiabilities | 1.53M | 1.28M | 2.25M | 7.15M | 2.66M | 3.31M | 1.92M | 5.42M | 837.58K | 729.68K |
| longTermDebt | 473.75K | 485.54K | 24084 | 135.39K | 175.24K | 220.25K | 1.25M | 1.15M | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 126.76K | 118.56K | - | - | - | - | - | - | 3.02M | 3.02M |
| totalNonCurrentLiabilities | 600.51K | 604.09K | 24084 | 135.39K | 175.24K | 220.25K | 1.25M | 1.15M | 3.02M | 3.02M |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 2.2M | 1.95M | 2.35M | 7.38M | 2.94M | 3.64M | 3.17M | 6.57M | 3.86M | 3.75M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - | - |
| commonStock | 747 | 747 | 647 | 647 | 647 | 559 | 4452 | 1623 | 20.46M | 20.38M |
| retainedEarnings | -9.57M | -8.95M | -7M | -6.71M | -6.88M | -6.16M | -5.04M | -4.49M | -2.36M | -2.05M |
| additionalPaidInCapital | - | - | - | - | - | - | - | - | - | - |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2023-11-30 | 2023-08-31 | 2023-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -626.77K | -1.92M | -308.72K | 163.11K | -565K | -2.05M | -537.14K | -779.88K | -176.02K | 395.02K |
| depreciationAndAmortization | 2091 | 1624 | 11358 | 3382 | 3282 | 48172 | 15320 | - | - | - |
| deferredIncomeTax | - | - | - | - | - | -43.48 | - | 43.48 | - | - |
| stockBasedCompensation | - | - | - | - | - | -325K | -325K | - | - | - |
| changeInWorkingCapital | - | - | - | - | - | -7138 | 101.06K | 128.12K | -32890 | -88093 |
| accountsReceivables | 49238 | 4532 | 14950 | 11974 | -17376 | 5384 | 57273 | - | - | - |
| inventory | -33 | 16 | 5191 | -3788 | -1007 | 336 | -322 | - | - | - |
| accountsPayables | 5529 | -3726 | -25537 | -173.66K | 61113 | 282.46K | -44380 | -53819 | - | - |
| otherWorkingCapital | - | - | - | - | - | -181.94K | - | 181.94K | - | - |
| otherNonCashItems | 432.14K | 896.42K | 97461 | -139.58K | 6385 | 334.22K | 470.73K | 1.94M | -264.88K | -786.7K |
| netCashProvidedByOperatingActivities | -192.54K | -1.02M | -199.9K | 26909 | -555.33K | -2M | -275.03K | 1.29M | -473.79K | -479.78K |
| investmentsInPropertyPlantAndEquipment | -766 | -87 | -18006 | -1371 | - | -30394 | -2079 | - | - | - |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | -3.19M | 122.06K | -207.93K | - | - | - | 14010 | - | - | - |
| salesMaturitiesOfInvestments | 3.19M | - | - | - | - | - | -21.35M | - | - | - |
| otherInvestingActivities | -299.91K | -295.38K | -47819 | -440.15K | -300K | 20.48M | 21.23M | -69.07M | -34473 | 69.1M |
| netCashProvidedByInvestingActivities | -305.42K | -173.4K | -273.76K | -441.52K | -300K | 20.45M | -103.05K | -69.07M | -34473 | 69.1M |
| netDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockIssuance | - | - | - | - | 1.41M | 3.58M | - | - | - | - |
| commonStockRepurchased | - | - | - | - | - | - | 21.1M | 68351 | - | -68351.35 |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | -148.43K | -268.59K | 624.45K | -77372 | 656.23K | -15.74M | 336.65K | 68.14M | 100.75K | -68.25M |
| netCashProvidedByFinancingActivities | -148.43K | -268.59K | 624.45K | -77372 | 656.23K | -15.74M | 336.65K | 68.14M | 100.75K | -68.25M |