HeartCore Enterprises Inc (HTCR) - Net Assets
Based on the latest financial reports, HeartCore Enterprises Inc (HTCR) has net assets worth $5.26 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.77 Million) and total liabilities ($6.51 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. Check HeartCore Enterprises Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.26 Million |
| % of Total Assets | 44.72% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 69.08 |
HeartCore Enterprises Inc - Net Assets Trend (2019–2025)
This chart illustrates how HeartCore Enterprises Inc's net assets have evolved over time, based on quarterly financial data. See HeartCore Enterprises Inc (HTCR) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HeartCore Enterprises Inc (2019–2025)
The table below shows the annual net assets of HeartCore Enterprises Inc from 2019 to 2025. For live valuation and market cap data, see HeartCore Enterprises Inc (HTCR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.28 Million | +110.36% |
| 2024-12-31 | $3.46 Million | -54.84% |
| 2023-12-31 | $7.67 Million | +59.47% |
| 2022-12-31 | $4.81 Million | +960.11% |
| 2021-12-31 | $-558.95K | +47.28% |
| 2020-12-31 | $-1.06 Million | +49.07% |
| 2019-12-31 | $-2.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HeartCore Enterprises 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 959053400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.54K | 0.03% |
| Other Comprehensive Income | $-58.50K | -0.67% |
| Other Components | $22.59 Million | 257.30% |
| Total Equity | $8.78 Million | 100.00% |
HeartCore Enterprises Inc Competitors by Market Cap
The table below lists competitors of HeartCore Enterprises Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Whitemud Resources Inc
V:WMK
|
$4.43 Million |
|
Clara Resources Australia Ltd
AU:C7A
|
$4.43 Million |
|
Dolphin International Bhd
KLSE:5265
|
$4.43 Million |
|
Smart Equity AG
HM:SE3
|
$4.44 Million |
|
NCC Group plc
LSE:NCC
|
$4.42 Million |
|
Silver Grail Resources Ltd
V:SVG
|
$4.42 Million |
|
Activex Ltd
AU:AIV
|
$4.42 Million |
|
Cosmo Metals Ltd
AU:CMO
|
$4.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HeartCore Enterprises Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,653,497 to 8,780,123, a change of 4,126,626 (88.7%).
- Net income of 5,793,884 contributed positively to equity growth.
- Dividend payments of 3,304,575 reduced retained earnings.
- Share repurchases of 250,000 reduced equity.
- New share issuances of 1,934,387 increased equity.
- Other comprehensive income decreased equity by 402,433.
- Other factors increased equity by 355,363.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.79 Million | +65.99% |
| Dividends Paid | $3.30 Million | -37.64% |
| Share Repurchases | $250.00K | -2.85% |
| Share Issuances | $1.93 Million | +22.03% |
| Other Comprehensive Income | $-402.43K | -4.58% |
| Other Changes | $355.36K | +4.05% |
| Total Change | $- | 88.68% |
Book Value vs Market Value Analysis
This analysis compares HeartCore Enterprises 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: 0.45x
- 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 | $-2.51 | $3.07 | x |
| 2020-12-31 | $-1.46 | $3.07 | x |
| 2021-12-31 | $-0.58 | $3.07 | x |
| 2022-12-31 | $0.27 | $3.07 | x |
| 2023-12-31 | $5.06 | $3.07 | x |
| 2024-12-31 | $4.44 | $3.07 | x |
| 2025-12-31 | $6.90 | $3.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HeartCore Enterprises 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): 65.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 64.60%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.49x
- Recent ROE (65.99%) is above the historical average (-26.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -16.97% | 0.91x | 0.00x | $-980.28K |
| 2020 | 0.00% | 1.67% | 0.87x | 0.00x | $292.36K |
| 2021 | 0.00% | -3.12% | 1.19x | 0.00x | $-282.26K |
| 2022 | -138.89% | -75.72% | 0.73x | 2.52x | $-7.16 Million |
| 2023 | -81.12% | -19.18% | 1.11x | 3.80x | $-4.71 Million |
| 2024 | -31.83% | -4.87% | 2.18x | 3.00x | $-1.95 Million |
| 2025 | 65.99% | 64.60% | 0.69x | 1.49x | $4.92 Million |
Industry Comparison
This section compares HeartCore Enterprises Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $961,395,124
- Average return on equity (ROE) among peers: -36.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HeartCore Enterprises Inc (HTCR) | $5.26 Million | 0.00% | 1.24x | $4.43 Million |
| Adobe Systems Incorporated (ADBE) | $616.97 Million | 33.33% | 0.51x | $79.34 Billion |
| ADEIA CORP (ADEA) | $418.32 Million | 10.79% | 0.06x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $3.41 Billion | 17.77% | 0.52x | $87.45 Billion |
| Autodesk Inc (ADSK) | $296.90 Million | 20.95% | 0.36x | $40.93 Billion |
| AudioEye Inc (AEYE) | $1.57 Million | -497.00% | 4.84x | $71.03 Million |
| Agilysys Inc (AGYS) | $132.80 Million | 4.88% | 0.61x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $20.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $311.26 Million |
About HeartCore Enterprises Inc
HeartCore Enterprises, Inc. provides initial public offerings (IPO) consulting services in Japan, the United States, and internationally. It offers Go IPO consulting services, including assisting with introductions to law firms, underwriters, and auditing firms; providing process mining and task mining licenses for internal audit and internal control; assisting in the preparation of documentation… Read more