Cue Health Inc.
Cue Health Inc. operates as a healthcare technology company. It provides the Cue Health platform that offers individuals and healthcare providers convenient and personalized access to lab-quality diagnostic tests at home and at the point-of-care, as well as on-demand telehealth consultations and treatment options for a range of health and wellness needs. It offers Cue Integrated Care platform com… Read more
Cue Health Inc. (HLTHQ) - Net Assets
Latest net assets as of March 2024: $199.46 Million USD
Based on the latest financial reports, Cue Health Inc. (HLTHQ) has net assets worth $199.46 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($283.66 Million) and total liabilities ($84.20 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 | $199.46 Million |
| % of Total Assets | 70.32% |
| Annual Growth Rate | 100.24% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 363.91 |
Cue Health Inc. - Net Assets Trend (2019–2023)
This chart illustrates how Cue Health 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 Cue Health Inc. (2019–2023)
The table below shows the annual net assets of Cue Health Inc. from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $250.25 Million | -56.59% |
| 2022-12-31 | $576.49 Million | -18.43% |
| 2021-12-31 | $706.75 Million | +843.30% |
| 2020-12-31 | $74.92 Million | +381.32% |
| 2019-12-31 | $15.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cue Health 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 52845400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | 0.00% |
| Other Components | $841.79 Million | 336.38% |
| Total Equity | $250.25 Million | 100.00% |
Cue Health Inc. Competitors by Market Cap
The table below lists competitors of Cue Health Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zortrax SA
WAR:ZRX
|
$159.00 |
|
MATEX INTERNATIONAL
BE:M3X
|
$159.22 |
|
The Egyptian Modern Education Systems
EGX:MOED
|
$159.26 |
|
Skipton Building Society 8.5% PIBS
LSE:SBSA
|
$159.85 |
|
SCHUMAG
DU:SCM
|
$158.95 |
|
ADHI KARYA
MU:KM6
|
$158.88 |
|
Cermetek Microelectronics Inc
PINK:CRMK
|
$158.66 |
|
LifeSafe Holdings PLC
LSE:LIFS
|
$158.65 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cue Health Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 576,494,000 to 250,252,000, a change of -326,242,000 (-56.6%).
- Net loss of 373,464,000 reduced equity.
- Other factors increased equity by 47,222,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-373.46 Million | -149.24% |
| Other Changes | $47.22 Million | +18.87% |
| Total Change | $- | -56.59% |
Book Value vs Market Value Analysis
This analysis compares Cue Health 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: 0.00x
- 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 |
|---|---|---|---|
| 2019-12-31 | $0.11 | $0.00 | x |
| 2020-12-31 | $0.51 | $0.00 | x |
| 2021-12-31 | $4.83 | $0.00 | x |
| 2022-12-31 | $3.89 | $0.00 | x |
| 2023-12-31 | $1.64 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cue Health 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): -149.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -581.51%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.36x
- Recent ROE (-149.24%) is below the historical average (-74.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -132.38% | -310.99% | 0.24x | 1.76x | $-22.16 Million |
| 2020 | -63.20% | -206.30% | 0.07x | 4.22x | $-54.84 Million |
| 2021 | 4.68% | 5.36% | 0.66x | 1.33x | $-37.57 Million |
| 2022 | -33.66% | -40.14% | 0.70x | 1.20x | $-251.71 Million |
| 2023 | -149.24% | -581.51% | 0.19x | 1.36x | $-398.49 Million |
Industry Comparison
This section compares Cue Health Inc.'s net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cue Health Inc. (HLTHQ) | $199.46 Million | -132.38% | 0.42x | $159.00 |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |