Global Interactive Technologies, Inc (GITS) - Net Assets
Based on the latest financial reports, Global Interactive Technologies, Inc (GITS) has net assets worth $5.25 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.88 Million) and total liabilities ($631.22K). 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. Read GITS liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.25 Million |
| % of Total Assets | 89.26% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 48.1 |
Global Interactive Technologies, Inc - Net Assets Trend (2020–2024)
This chart illustrates how Global Interactive Technologies, Inc's net assets have evolved over time, based on quarterly financial data. Also explore GITS current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Global Interactive Technologies, Inc (2020–2024)
The table below shows the annual net assets of Global Interactive Technologies, Inc from 2020 to 2024. For live valuation and market cap data, see market cap of Global Interactive Technologies, Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.74 Million | -56.11% |
| 2023-12-31 | $13.07 Million | +1074.88% |
| 2022-12-31 | $-1.34 Million | -152.30% |
| 2021-12-31 | $2.56 Million | +127.77% |
| 2020-12-31 | $-9.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Interactive Technologies, 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 2720037600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $52.81K | 0.92% |
| Other Comprehensive Income | $-666.47K | -11.62% |
| Other Components | $44.25 Million | 771.45% |
| Total Equity | $5.74 Million | 100.00% |
Global Interactive Technologies, Inc Competitors by Market Cap
The table below lists competitors of Global Interactive Technologies, Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
URU METALS LTD
F:NVRA
|
$5.44 Million |
|
Askari Metals Ltd
AU:AS2
|
$5.44 Million |
|
UPHEALTH INC
F:5XV
|
$5.44 Million |
|
AKTIENBRAU.KAUFBEUR
MU:ABK
|
$5.45 Million |
|
ArcWest Exploration Inc
V:AWX
|
$5.44 Million |
|
Locafy Ltd
NASDAQ:LCFY
|
$5.43 Million |
|
Albion Resources Ltd
AU:ALB
|
$5.43 Million |
|
Cymat Technologies Ltd.
V:CYM
|
$5.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Interactive Technologies, Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,068,465 to 5,736,084, a change of -7,332,381 (-56.1%).
- Net loss of 6,171,969 reduced equity.
- Other comprehensive income decreased equity by 1,160,412.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.17 Million | -107.6% |
| Other Comprehensive Income | $-1.16 Million | -20.23% |
| Total Change | $- | -56.11% |
Book Value vs Market Value Analysis
This analysis compares Global Interactive Technologies, 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
- Current price-to-book ratio: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-3.50 | $1.48 | x |
| 2021-12-31 | $1.01 | $1.48 | x |
| 2022-12-31 | $-0.42 | $1.48 | x |
| 2023-12-31 | $5.18 | $1.48 | x |
| 2024-12-31 | $2.17 | $1.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Interactive Technologies, 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): -107.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-107.60%) is above the historical average (-130.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.70 Million |
| 2021 | -475.60% | -2635.57% | 0.06x | 3.11x | $-12.92 Million |
| 2022 | 0.00% | -1457.36% | 0.07x | 0.00x | $-6.13 Million |
| 2023 | -71.06% | 0.00% | 0.00x | 1.57x | $-10.59 Million |
| 2024 | -107.60% | 0.00% | 0.00x | 1.12x | $-6.75 Million |
Industry Comparison
This section compares Global Interactive Technologies, Inc's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $20,452,752,506
- Average return on equity (ROE) among peers: -43.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Interactive Technologies, Inc (GITS) | $5.25 Million | 0.00% | 0.12x | $5.44 Million |
| Calibre (ALWIN) | $16.63 Million | -38.27% | 2.23x | $11.23 Million |
| ANGI Homeservices Inc (ANGI) | $-18.49 Million | 0.00% | 0.00x | $306.40 Million |
| Arena Group Holdings Inc (AREN) | $-58.99 Million | 0.00% | 0.00x | $123.41 Million |
| Autohome Inc (ATHM) | $8.95 Billion | 13.71% | 0.05x | $2.20 Billion |
| Baidu Inc (BIDU) | $175.75 Billion | 15.69% | 0.69x | $35.02 Billion |
| Bilibili Inc (BILI) | $7.64 Billion | -16.88% | 1.03x | $7.20 Billion |
| Bumble Inc (BMBL) | $1.35 Billion | -41.29% | 0.87x | $540.03 Million |
| The Beachbody Company, Inc. (BODI) | $28.17 Million | -254.32% | 5.20x | $62.80 Million |
| Kanzhun Ltd ADR (BZ) | $10.67 Billion | -10.03% | 0.28x | $5.37 Billion |
| BuzzFeed Inc (BZFD) | $194.55 Million | -103.29% | 1.72x | $28.12 Million |
About Global Interactive Technologies, Inc
Global Interactive Technologies, Inc., through its subsidiary, operates as a technology-driven platform company in South Korea. The company operates Faning, an interactive platform designed to facilitate content discovery, monetization, user-generated content, and deep community engagement among global fandom communities; and Koreavibe.net, a digital media property providing original news content… Read more