HeartCore Enterprises Inc (HTCR) - Net Assets
Based on the latest financial reports, HeartCore Enterprises Inc (HTCR) has net assets worth $3.82 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 ($13.34 Million) and total liabilities ($9.51 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 HTCR financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.82 Million |
| % of Total Assets | 28.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 57.16 |
HeartCore Enterprises Inc - Net Assets Trend (2019–2024)
This chart illustrates how HeartCore Enterprises Inc's net assets have evolved over time, based on quarterly financial data. Also explore HTCR asset base for the complete picture of this company's asset base.
Annual Net Assets for HeartCore Enterprises Inc (2019–2024)
The table below shows the annual net assets of HeartCore Enterprises Inc from 2019 to 2024. For live valuation and market cap data, see HeartCore Enterprises Inc (HTCR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 1207984300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.19K | 0.05% |
| Other Comprehensive Income | $343.94K | 7.39% |
| Other Components | $20.55 Million | 441.65% |
| Total Equity | $4.65 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 |
|---|---|
|
Galliford Try PLC
LSE:GFRD
|
$6.23 Million |
|
N1 Holdings Ltd
AU:N1H
|
$6.23 Million |
|
Wira Global Solusi Tbk PT
JK:WGSH
|
$6.23 Million |
|
Westbond Enterprises Corp
V:WBE
|
$6.23 Million |
|
Aquila SA
PA:ALAQU
|
$6.22 Million |
|
Blackrock Smaller Companies Trust PLC
LSE:BRSC
|
$6.22 Million |
|
Da Lue International Holding Co Ltd
TWO:4804
|
$6.21 Million |
|
Avon Protection PLC
LSE:AVON
|
$6.21 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 2023 to 2024, total equity changed from 5,165,296 to 4,653,497, a change of -511,799 (-9.9%).
- Net loss of 1,481,374 reduced equity.
- Dividend payments of 834,566 reduced retained earnings.
- New share issuances of 1,423,342 increased equity.
- Other comprehensive income increased equity by 12,055.
- Other factors increased equity by 368,744.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.48 Million | -31.83% |
| Dividends Paid | $834.57K | -17.93% |
| Share Issuances | $1.42 Million | +30.59% |
| Other Comprehensive Income | $12.05K | +0.26% |
| Other Changes | $368.74K | +7.92% |
| Total Change | $- | -9.91% |
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: 16.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.13 | $3.56 | x |
| 2020-12-31 | $-0.07 | $3.56 | x |
| 2021-12-31 | $-0.03 | $3.56 | x |
| 2022-12-31 | $0.27 | $3.56 | x |
| 2023-12-31 | $0.25 | $3.56 | x |
| 2024-12-31 | $0.22 | $3.56 | 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): -31.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.87%
- • Asset Turnover: 2.18x
- • Equity Multiplier: 3.00x
- Recent ROE (-31.83%) is above the historical average (-41.97%), 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 |
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: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HeartCore Enterprises Inc (HTCR) | $3.82 Million | 0.00% | 2.49x | $6.23 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About HeartCore Enterprises Inc
HeartCore Enterprises, Inc., a software development company, provides software as a service solutions to enterprise customers in Japan, the United States, and internationally. Its customer experience management platform includes marketing, sales, service, and content management systems, as well as other tools and integrations that enable companies to attract and engage customers throughout the cu… Read more