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Chenghe Acquisition Iii Co Financials

CHEC
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Chenghe Acquisition Iii Co (CHEC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CHEC FY2025

Capital deployment, not operating activity, dominates these statements as raised funds move into assets while equity remains negative.

The mix of positive net income at $1.1M, negative operating cash flow at -$190K, and no reported revenue means the year's profit did not come from a normal sell-and-collect cycle. Combined with -$126.5M of investing outflow financed by $127.4M of financing inflow, plus only 0.8% return on assets, the entity looks more like a vehicle reallocating capital than one already self-funding through operations.

Balance-sheet leverage is the central constraint: $133.1M of liabilities exceed $128.7M of assets, leaving negative equity of -$4.4M. When book value is this thin, relatively small valuation, settlement, or expense movements can change reported equity materially.

Near-term liquidity is less strained than the negative equity figure suggests because current liabilities are only $178K against cash of $697K and a current ratio of 4.5x. That split matters: immediate bills look manageable even though the overall capital structure is still upside down.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 15 / 100
Financial Profile 15/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Chenghe Acquisition Iii Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Liquidity
90

With a current ratio of 4.53, Chenghe Acquisition Iii Co holds $4.53 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.

Earnings Quality Low Quality
-0.17x

For every $1 of reported earnings, Chenghe Acquisition Iii Co generates $-0.17 in operating cash flow (-$190K OCF vs $1.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$1.1M

Chenghe Acquisition Iii Co reported $1.1M in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$697K

Chenghe Acquisition Iii Co held $697K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

CHEC Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $177K N/A $125K N/A N/A N/A $4K
Operating Income -$177K N/A -$125K N/A N/A N/A -$4K
Interest Expense N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A
Net Income $885K N/A $63K+366.4% -$24K-20.3% -$20K N/A -$4K
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A

CHEC Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $129.6M+0.7% $128.7M+0.6% $128.0M N/A N/A $177K N/A
Current Assets $695K-14.0% $809K-36.2% $1.3M N/A N/A $25K N/A
Cash & Equivalents $594K-14.8% $697K-41.7% $1.2M N/A N/A N/A N/A
Inventory N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $134.2M+0.8% $133.1M0.0% $133.1M N/A N/A $185K N/A
Current Liabilities $242K+35.7% $178K-87.0% $1.4M N/A N/A $185K N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A
Total Equity -$4.6M-4.0% -$4.4M+14.2% -$5.2M-10057.8% -$51K-86.8% -$27K-258.6% -$8K-99.9% -$4K
Retained Earnings -$4.6M-4.0% -$4.4M+14.2% -$5.2M N/A N/A -$33K N/A

CHEC Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$103K+39.3% -$170K N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A $0 N/A N/A N/A N/A N/A
Financing Cash Flow N/A -$329K N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A

CHEC Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A
Return on Assets 0.7% N/A 0.1% N/A N/A N/A N/A
Current Ratio 2.87-1.7 4.53+3.6 0.92 N/A N/A 0.14 N/A
Debt-to-Equity -29.14+0.9 -30.05-4.3 -25.77 N/A N/A -24.33 N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$4.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Frequently Asked Questions

Yes, Chenghe Acquisition Iii Co (CHEC) reported a net income of $1.1M in fiscal year 2025.

Chenghe Acquisition Iii Co (CHEC) generated -$190K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Chenghe Acquisition Iii Co (CHEC) had $128.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Chenghe Acquisition Iii Co (CHEC) had a current ratio of 4.53 as of fiscal year 2025, which is generally considered healthy.

Chenghe Acquisition Iii Co (CHEC) had a debt-to-equity ratio of -30.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Chenghe Acquisition Iii Co (CHEC) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Chenghe Acquisition Iii Co (CHEC) had $697K in cash against an annual operating cash burn of $190K. This gives an estimated cash runway of approximately 44 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Chenghe Acquisition Iii Co (CHEC) has negative shareholder equity of -$4.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Chenghe Acquisition Iii Co (CHEC) has an earnings quality ratio of -0.17x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Chenghe Acquisition Iii Co (CHEC) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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