Assure Holdings Corp
Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services in the United States. The company offers services in the areas of neurosurgery, spine, cardiovascular, orthopedic, ear, nose, throat, and other surgical procedures that place the nervous system at risk. It delivers various clinical and operational services,… Read more
Assure Holdings Corp (IONM) - Net Assets
Latest net assets as of June 2024: $-18.64 Million USD
Based on the latest financial reports, Assure Holdings Corp (IONM) has net assets worth $-18.64 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.28 Million) and total liabilities ($23.92 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 | $-18.64 Million |
| % of Total Assets | -353.46% |
| Annual Growth Rate | N/A |
| 5-Year Change | -255.04% |
| 10-Year Change | -9633.34% |
| Growth Volatility | 224.38 |
Assure Holdings Corp - Net Assets Trend (2008–2023)
This chart illustrates how Assure Holdings Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Assure Holdings Corp (2008–2023)
The table below shows the annual net assets of Assure Holdings Corp from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-15.34 Million | -380.60% |
| 2022-12-31 | $5.46 Million | -81.13% |
| 2021-12-31 | $28.96 Million | +50.74% |
| 2020-12-31 | $19.21 Million | +94.21% |
| 2019-12-31 | $9.89 Million | +25.68% |
| 2018-12-31 | $7.87 Million | +224.25% |
| 2017-12-31 | $2.43 Million | +614.60% |
| 2016-12-31 | $339.64K | +216.85% |
| 2015-12-31 | $107.19K | -33.36% |
| 2014-12-31 | $160.86K | +407.99% |
| 2013-12-31 | $-52.23K | -301.90% |
| 2012-12-31 | $-13.00K | -108.41% |
| 2011-12-31 | $154.47K | -30.17% |
| 2010-12-31 | $221.20K | +208.37% |
| 2009-12-31 | $71.73K | -48.00% |
| 2008-12-31 | $137.95K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Assure Holdings Corp'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 7055965407.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.00K | % |
| Other Components | $55.29 Million | % |
| Total Equity | $-15.34 Million | 100.00% |
Assure Holdings Corp Competitors by Market Cap
The table below lists competitors of Assure Holdings Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIRST BANCORP (OLWN.SG)
STU:OLWN
|
$185.16K |
|
Conico Ltd
AU:CNJ
|
$185.26K |
|
LIFT GLOBAL VENT. LS-01
F:7XO
|
$185.50K |
|
QUIZ PLC LS -30
F:QAB
|
$185.65K |
|
Alliance Laundry Holdings Inc.
NYSE:ALH
|
$184.88K |
|
SCI AG
HM:SCI
|
$184.74K |
|
Merkur PrivatBank KgaA
XETRA:MBK
|
$184.41K |
|
FinecoBank SpA
DU:ZS3
|
$184.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Assure Holdings Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,465,000 to -15,335,000, a change of -20,800,000 (-380.6%).
- Net loss of 26,078,000 reduced equity.
- New share issuances of 5,383,000 increased equity.
- Other factors decreased equity by 105,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-26.08 Million | -170.06% |
| Share Issuances | $5.38 Million | +35.1% |
| Other Changes | $-105.00K | -0.68% |
| Total Change | $- | -380.60% |
Book Value vs Market Value Analysis
This analysis compares Assure Holdings Corp'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 |
|---|---|---|---|
| 2008-12-31 | $6.98 | $0.08 | x |
| 2009-12-31 | $2.39 | $0.08 | x |
| 2010-12-31 | $7.07 | $0.08 | x |
| 2011-12-31 | $2.62 | $0.08 | x |
| 2012-12-31 | $-0.27 | $0.08 | x |
| 2013-12-31 | $-2.66 | $0.08 | x |
| 2014-12-31 | $2.79 | $0.08 | x |
| 2015-12-31 | $2.69 | $0.08 | x |
| 2016-12-31 | $1.35 | $0.08 | x |
| 2017-12-31 | $7.31 | $0.08 | x |
| 2018-12-31 | $17.51 | $0.08 | x |
| 2019-12-31 | $23.60 | $0.08 | x |
| 2020-12-31 | $53.02 | $0.08 | x |
| 2021-12-31 | $49.39 | $0.08 | x |
| 2022-12-31 | $7.27 | $0.08 | x |
| 2023-12-31 | $-3.59 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Assure Holdings Corp 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: -10226.67%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-68.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -48.59% | -6654.13% | 0.01x | 1.35x | $-80.83K |
| 2009 | -123.52% | -28724.55% | 0.00x | 1.37x | $-95.78K |
| 2010 | -30.90% | 0.00% | 0.00x | 1.08x | $-90.46K |
| 2011 | -40.28% | 0.00% | 0.00x | 1.10x | $-77.66K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-170.23K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-34.86K |
| 2014 | -29.81% | 0.00% | 0.00x | 1.20x | $-64.03K |
| 2015 | -25.53% | 0.00% | 0.00x | 1.10x | $-38.09K |
| 2016 | -15.92% | 0.00% | 0.00x | 1.11x | $-88.04K |
| 2017 | -226.66% | -34.83% | 0.72x | 9.09x | $-5.74 Million |
| 2018 | 54.89% | 29.16% | 0.51x | 3.68x | $3.53 Million |
| 2019 | 27.46% | 15.32% | 0.40x | 4.49x | $1.73 Million |
| 2020 | -78.28% | -426.67% | 0.10x | 1.75x | $-16.96 Million |
| 2021 | -9.52% | -9.44% | 0.60x | 1.67x | $-5.65 Million |
| 2022 | -551.00% | -274.34% | 0.45x | 4.44x | $-30.66 Million |
| 2023 | 0.00% | -10226.67% | 0.03x | 0.00x | $-24.54 Million |
Industry Comparison
This section compares Assure Holdings Corp'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 |
|---|---|---|---|---|
| Assure Holdings Corp (IONM) | $-18.64 Million | -48.59% | N/A | $184.91K |
| 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 |