HITIQ Ltd
HITIQ Limited, together with its subsidiaries, develops and commercializes concussion management technology in Oceania. The company offers smart mouthguards and software for sports, clinical, and research applications. It also provides PROTEQT, a smart mouthguard with sensor technology to detect, assess, and manage potential head impacts, as well as a concussion management app, replacement parts,… Read more
HITIQ Ltd (HIQ) - Net Assets
Latest net assets as of June 2025: AU$-4.02 Million AUD
Based on the latest financial reports, HITIQ Ltd (HIQ) has net assets worth AU$-4.02 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$3.28 Million) and total liabilities (AU$7.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$-4.02 Million |
| % of Total Assets | -122.78% |
| Annual Growth Rate | N/A |
| 5-Year Change | -150.77% |
| 10-Year Change | N/A |
| Growth Volatility | 870.85 |
HITIQ Ltd - Net Assets Trend (2018–2024)
This chart illustrates how HITIQ Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HITIQ Ltd (2018–2024)
The table below shows the annual net assets of HITIQ Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$-4.02 Million | -172.95% |
| 2023-12-31 | AU$-1.47 Million | -3045.09% |
| 2022-12-31 | AU$-46.86K | -103.99% |
| 2021-12-31 | AU$1.17 Million | -85.19% |
| 2020-12-31 | AU$7.92 Million | +1948.21% |
| 2019-12-31 | AU$386.86K | +7.43% |
| 2018-12-31 | AU$360.10K | -- |
Equity Component Analysis
This analysis shows how different components contribute to HITIQ Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2826469300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$28.40 Million | % |
| Other Comprehensive Income | AU$327.32K | % |
| Total Equity | AU$-4.02 Million | 100.00% |
HITIQ Ltd Competitors by Market Cap
The table below lists competitors of HITIQ Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thai Packaging & Printing Public Company Limited
BK:TPP
|
$2.48 Million |
|
Integral Acquisition 1 Corp
NASDAQ:INTE
|
$2.48 Million |
|
Auddia Inc
NASDAQ:AUUD
|
$2.48 Million |
|
Martina Berto Tbk
JK:MBTO
|
$2.48 Million |
|
Opus One Gold Corporation
PINK:GFKRF
|
$2.47 Million |
|
CME GROUP-A
MU:MX4A
|
$2.47 Million |
|
Ictsi Jasa Prima Tbk
JK:KARW
|
$2.47 Million |
|
Intorio Corp.
PINK:ITOR
|
$2.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HITIQ Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,473,821 to -4,022,742, a change of -2,548,921.
- Net loss of 7,212,305 reduced equity.
- Share repurchases of 8,950 reduced equity.
- New share issuances of 1,481,437 increased equity.
- Other comprehensive income increased equity by 2,542.
- Other factors increased equity by 3,188,355.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-7.21 Million | -179.29% |
| Share Repurchases | AU$8.95K | -0.22% |
| Share Issuances | AU$1.48 Million | +36.83% |
| Other Comprehensive Income | AU$2.54K | +0.06% |
| Other Changes | AU$3.19 Million | +79.26% |
| Total Change | AU$- | % |
Book Value vs Market Value Analysis
This analysis compares HITIQ Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.00 | AU$0.02 | x |
| 2019-12-31 | AU$0.01 | AU$0.02 | x |
| 2020-12-31 | AU$0.10 | AU$0.02 | x |
| 2021-12-31 | AU$0.01 | AU$0.02 | x |
| 2022-12-31 | AU$0.00 | AU$0.02 | x |
| 2023-12-31 | AU$0.00 | AU$0.02 | x |
| 2024-12-31 | AU$-0.01 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HITIQ Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -357.95%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-308.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -829.71% | -329.00% | 0.65x | 3.88x | AU$-3.02 Million |
| 2019 | -676.95% | -6504.94% | 0.02x | 5.38x | AU$-2.66 Million |
| 2020 | -63.90% | -1244.92% | 0.04x | 1.20x | AU$-5.86 Million |
| 2021 | -592.05% | -1122.34% | 0.14x | 3.88x | AU$-7.06 Million |
| 2022 | 0.00% | -650.60% | 0.25x | 0.00x | AU$-5.03 Million |
| 2023 | 0.00% | -67.48% | 1.27x | 0.00x | AU$-3.06 Million |
| 2024 | 0.00% | -357.95% | 0.61x | 0.00x | AU$-6.81 Million |
Industry Comparison
This section compares HITIQ Ltd's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $19,142,795
- Average return on equity (ROE) among peers: -52.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HITIQ Ltd (HIQ) | AU$-4.02 Million | -829.71% | N/A | $2.47 Million |
| Adheris Health Limited (AHE) | $51.58 Million | 1.54% | 0.92x | $119.94 |
| Alcidion Group Ltd (ALC) | $6.57 Million | -38.71% | 0.23x | $60.88 Million |
| ARTRYA Ltd (AYA) | $40.64 Million | -42.21% | 0.08x | $148.36 Million |
| Blinklab Ltd (BB1) | $6.48 Million | -27.04% | 0.06x | $39.10 Million |
| Beamtree Holdings Ltd (BMT) | $29.22 Million | 1.31% | 0.10x | $18.03 Million |
| Cogstate Ltd (CGS) | $29.02 Million | 24.18% | 1.36x | $124.86 Million |
| Careteq Ltd (CTQ) | $3.55 Million | -121.85% | 1.13x | $621.63K |
| Doctor Care Anywhere Group Plc (DOC) | $12.29 Million | -179.31% | 0.79x | $21.76 Million |
| Echoiq Ltd (EIQ) | $6.77 Million | -79.92% | 0.22x | $168.60 Million |
| Emyria Ltd (EMD) | $5.31 Million | -59.24% | 0.25x | $11.75 Million |