Latch Inc (LTCHW) - Net Assets
Based on the latest financial reports, Latch Inc (LTCHW) has net assets worth $169.14 Million USD as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($294.43 Million) and total liabilities ($125.30 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 LTCHW financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $169.14 Million |
| % of Total Assets | 57.45% |
| Annual Growth Rate | 20.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 139.47 |
Latch Inc - Net Assets Trend (2019–2024)
This chart illustrates how Latch Inc's net assets have evolved over time, based on quarterly financial data. Also explore Latch Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Latch Inc (2019–2024)
The table below shows the annual net assets of Latch Inc from 2019 to 2024. For live valuation and market cap data, see Latch Inc (LTCHW) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $169.14 Million | -55.20% |
| 2021-12-31 | $377.56 Million | +344.73% |
| 2020-12-31 | $-154.28 Million | -334.13% |
| 2019-12-31 | $65.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Latch 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 50493300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.00K | 0.01% |
| Other Comprehensive Income | $48.00K | 0.03% |
| Other Components | $770.20 Million | 455.37% |
| Total Equity | $169.14 Million | 100.00% |
Latch Inc Competitors by Market Cap
The table below lists competitors of Latch Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
African Agriculture Holdings Inc.
NASDAQ:AAGR
|
$4.75 |
|
immatics biotechnologies GmbH
NASDAQ:IMTXW
|
$5.53 |
|
Ucommune International Ltd
NASDAQ:UKOMW
|
$6.73 |
|
BriaCell Therapeutics Corp
NASDAQ:BCTXW
|
$8.25 |
|
BELLHAVEN COPPER
F:4BL
|
$0.00 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Latch Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2024, total equity changed from 377,556,000 to 169,137,000, a change of -208,419,000 (-55.2%).
- Net loss of 107,540,000 reduced equity.
- Share repurchases of 3,394 reduced equity.
- Other comprehensive income increased equity by 724,000.
- Other factors decreased equity by 101,599,606.
Equity Change Factors (2021 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-107.54 Million | -63.58% |
| Share Repurchases | $3.39K | -0.0% |
| Other Comprehensive Income | $724.00K | +0.43% |
| Other Changes | $-101.60 Million | -60.07% |
| Total Change | $- | -55.20% |
Book Value vs Market Value Analysis
This analysis compares Latch 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 | $0.42 | $0.00 | x |
| 2020-12-31 | $-1.09 | $0.00 | x |
| 2021-12-31 | $4.37 | $0.00 | x |
| 2024-12-31 | $1.06 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Latch 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): -63.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -239.19%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.74x
- Recent ROE (-63.58%) is below the historical average (-47.89%), 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 | -83.94% | -337.38% | 0.20x | 1.23x | $-56.21 Million |
| 2020 | 0.00% | -365.40% | 0.20x | 0.00x | $-50.57 Million |
| 2021 | -44.05% | -402.13% | 0.09x | 1.20x | $-204.07 Million |
| 2024 | -63.58% | -239.19% | 0.15x | 1.74x | $-124.45 Million |
Industry Comparison
This section compares Latch Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,053,721,914
- Average return on equity (ROE) among peers: -264.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Latch Inc (LTCHW) | $169.14 Million | -83.94% | 0.74x | $1.93 |
| Adobe Systems Incorporated (ADBE) | $224.60 Million | 19.41% | 0.25x | $93.73 Billion |
| ADEIA CORP (ADEA) | $1.45 Billion | 10.11% | 0.86x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $2.32 Billion | 19.64% | 0.66x | $76.36 Billion |
| Autodesk Inc (ADSK) | $1.31 Billion | 14.01% | 0.85x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $130.78 Million | 13.07% | 0.44x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $109.00K | -2388.07% | 23.23x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $5.09 Billion | -1.22% | 1.21x | $408.76 Million |
| Alkami Technology Inc (ALKT) | $14.64 Million | -285.93% | 2.60x | $1.72 Billion |
About Latch Inc
Latch, Inc., together with its subsidiaries, operates as a technology company in the United States and Canada. The company offers the Latch Platform, a cloud-based software-as-a-service platform to address the access requirements of modern multifamily buildings. Its software products include Mission Control, a web-based application that allows property managers to enable move-ins, control access … Read more