TRTL · Tortoiseecofin Acquisition Corp. III - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $84.5K | $682.9K | - | $1.23M | $660.6K | $328.7K | - | $381.9K | $343.5K | $586.6K |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($114.5K) | ($712.9K) | - | ($1.26M) | ($690.6K) | ($358.7K) | - | ($411.9K) | ($373.5K) | ($616.6K) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $715.2K | $982.6K | - | $833.3K | $3.98M | $4.91M | - | $3.01M | $2.89M | $5.81M |
| EPS - Basic | - | - | - | - | - | - | - | - | - | $0.13 |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $148.9K | $165.7K | $469.1K | $13.1K | $36.1K | $22.7K | $79.0K | $1.33M | $566.2K | $763.9K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $454.7K | $498.6K | $652.5K | $834.5K | $421.3K | $38.0K | - | - | - | - |
| Current Assets | $157.2K | $181.6K | $497.6K | $206.4K | $211.2K | $313.4K | $500.8K | $960.8K | $1.41M | $1.82M |
| Total Assets | $170.32M | $185.73M | $183.78M | $361.56M | $357.74M | $354.02M | $350.49M | $348.03M | $346.92M | $346.87M |
| Current Liabilities | $2.50M | $1.90M | $1.52M | $1.40M | $575.7K | $172.4K | $151.0K | $218.9K | $251.6K | $295.1K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $15.52M | $12.95M | $12.02M | $12.23M | $13.88M | $14.13M | $15.51M | $15.56M | $17.46M | $20.30M |
| Stockholders' Equity | ($15.26M) | ($12.67M) | ($11.42M) | ($11.92M) | ($13.57M) | ($13.71M) | ($14.91M) | ($14.49M) | ($15.95M) | ($18.43M) |
| Retained Earnings | ($15.26M) | ($12.67M) | ($11.60M) | ($11.93M) | ($13.57M) | ($13.71M) | ($14.91M) | ($14.50M) | ($15.95M) | ($18.43M) |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($377.5K) | - | - | - | ($206.3K) | - | - | - | ($411.0K) |
| Investing Cash Flow | - | ($259.0K) | - | - | - | - | - | - | - | - |
| Financing Cash Flow | - | $333.0K | - | - | - | $150.0K | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.4% | 0.5% | - | 0.2% | 1.1% | 1.4% | - | 0.9% | 0.8% | 1.7% |
| Return on equity | -4.7% | -7.8% | - | -7.0% | -29.3% | -35.8% | - | -20.8% | -18.1% | -31.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.06 | 0.10 | 0.33 | 0.15 | 0.37 | 1.82 | 3.32 | 4.39 | 5.59 | 6.18 |
| Quick ratio | 0.06 | 0.10 | 0.33 | 0.15 | 0.37 | 1.82 | 3.32 | 4.39 | 5.59 | 6.18 |
| Cash ratio | 0.06 | 0.09 | 0.31 | 0.01 | 0.06 | 0.13 | 0.52 | 6.07 | 2.25 | 2.59 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -11.16 | -14.66 | -16.09 | -30.32 | -26.37 | -25.82 | -23.51 | -24.01 | -21.75 | -18.82 |
| Liabilities / Assets | 0.09 | 0.07 | 0.07 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 83.4% | -98.7% | - | -206.2% | -84.9% | 41.8% | - | -12.4% | -1790.6% | - |
| Net income growth (YoY) | -82.0% | -80.0% | - | -72.3% | 37.4% | -15.5% | - | -31.3% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -12.5% | 7.6% | 23.4% | 17.7% | 14.9% | 25.6% | 38.5% | 49.4% | -60407.7% | - |
Peer comparison
Same SIC group: Blank Checks
Comparing TortoiseEcofin Acquisition Corp. III against the 5 most active filers in the same SIC group.