IMAC Holdings Inc
IMAC Holdings, Inc. does not have significant operations. Previously, it owned and managed innovative medical advancements and care regeneration centers, and backspace clinics. The company was founded in 2000 and is headquartered in Brentwood, Tennessee.
IMAC Holdings Inc (BACK) - Net Assets
Latest net assets as of December 2024: $-4.80 Million USD
Based on the latest financial reports, IMAC Holdings Inc (BACK) has net assets worth $-4.80 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.47 Million) and total liabilities ($6.27 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 | $-4.80 Million |
| % of Total Assets | -327.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | -181.84% |
| 10-Year Change | N/A |
| Growth Volatility | 884.87 |
IMAC Holdings Inc - Net Assets Trend (2016–2024)
This chart illustrates how IMAC Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IMAC Holdings Inc (2016–2024)
The table below shows the annual net assets of IMAC Holdings Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-6.39 Million | -749.53% |
| 2023-12-31 | $-752.65K | -116.18% |
| 2022-12-31 | $4.65 Million | -74.09% |
| 2021-12-31 | $17.95 Million | +129.78% |
| 2020-12-31 | $7.81 Million | -1.56% |
| 2019-12-31 | $7.94 Million | +301.86% |
| 2018-12-31 | $-3.93 Million | -2393.74% |
| 2017-12-31 | $171.43K | -83.68% |
| 2016-12-31 | $1.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IMAC Holdings Inc'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 6455025600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.17K | % |
| Other Components | $58.59 Million | % |
| Total Equity | $-6.39 Million | 100.00% |
IMAC Holdings Inc Competitors by Market Cap
The table below lists competitors of IMAC Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adriatic Metals
LSE:ADT1
|
$134.52K |
|
Jyske Invest Nye Obligationsmarkeder
CO:JYINOB
|
$134.59K |
|
PIMCO Access Income Fund
NYSE:PAXS
|
$134.63K |
|
Itau Tempus Fundo De Investimento Imobiliario
SA:TMPS11
|
$134.64K |
|
KAWASAKI KISEN - Dusseldorf Stock Exchang
DU:KLI1
|
$134.47K |
|
Aiadvertising Inc
PINK:AIAD
|
$134.42K |
|
BankInv Kort HY OblRoyLondon A
CO:BAIKHYORLA
|
$134.40K |
|
Rigetti Computing
F:A00
|
$134.37K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IMAC Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -752,647 to -6,393,980, a change of -5,641,333.
- Net loss of 9,045,827 reduced equity.
- Dividend payments of 1,251,000 reduced retained earnings.
- New share issuances of 2,221,492 increased equity.
- Other comprehensive income increased equity by 1,149.
- Other factors increased equity by 2,432,853.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.05 Million | -141.47% |
| Dividends Paid | $1.25 Million | -19.57% |
| Share Issuances | $2.22 Million | +34.74% |
| Other Comprehensive Income | $1.15K | +0.02% |
| Other Changes | $2.43 Million | +38.05% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares IMAC Holdings Inc'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 |
|---|---|---|---|
| 2016-12-31 | $5.15 | $0.04 | x |
| 2017-12-31 | $4.97 | $0.04 | x |
| 2018-12-31 | $-9.55 | $0.04 | x |
| 2019-12-31 | $38.76 | $0.04 | x |
| 2020-12-31 | $28.32 | $0.04 | x |
| 2021-12-31 | $23.88 | $0.04 | x |
| 2022-12-31 | $4.94 | $0.04 | x |
| 2023-12-31 | $-0.68 | $0.04 | x |
| 2024-12-31 | $-0.24 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IMAC Holdings Inc 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: -12554.93%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-91.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -49.64% | -2538.65% | 0.01x | 2.09x | $-457.51K |
| 2017 | -7.65% | -7.27% | 0.61x | 1.71x | $-131.92K |
| 2018 | 0.00% | -45.57% | 0.61x | 0.00x | $-2.82 Million |
| 2019 | -73.66% | -48.78% | 0.74x | 2.04x | $-8.38 Million |
| 2020 | -53.36% | -43.37% | 0.65x | 1.89x | $-6.61 Million |
| 2021 | -61.85% | -77.18% | 0.53x | 1.52x | $-12.90 Million |
| 2022 | -575.00% | -165.24% | 1.46x | 2.38x | $-27.21 Million |
| 2023 | 0.00% | -181.23% | 4.54x | 0.00x | $-9.34 Million |
| 2024 | 0.00% | -12554.93% | 0.05x | 0.00x | $-8.41 Million |
Industry Comparison
This section compares IMAC Holdings Inc's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $250,407,165
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IMAC Holdings Inc (BACK) | $-4.80 Million | -49.64% | N/A | $134.50K |
| Addus HomeCare Corporation (ADUS) | $113.86 Million | 16.82% | 0.44x | $1.75 Billion |
| agilon health Inc (AGL) | $126.73 Million | -319.84% | 9.03x | $166.17 Million |
| Airsculpt Technologies Inc (AIRS) | $123.68 Million | 6.13% | 0.45x | $16.62 Million |
| Amedisys Inc (AMED) | $454.23 Million | -18.40% | 0.61x | $3.26 Billion |
| AMN Healthcare Services Inc (AMN) | $347.86 Million | 23.54% | 1.53x | $624.22 Million |
| American Shared Hospital Service (AMS) | $20.85 Million | 8.48% | 1.33x | $7.93 Million |
| American Oncology Network Inc. (AONC) | $226.04 Million | -0.05% | 0.10x | $112.23 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.08 Billion | 4.65% | 3.71x | $225.22 Million |
| Arem Pacific Corporation (ARPC) | $-45.09K | 0.00% | 0.00x | $246.12K |
| Astrana Health Inc (ASTH) | $8.55 Million | -109.27% | 1.29x | $1.08 Billion |