Meridian Holdings Inc (MRDN) - Net Assets
Based on the latest financial reports, Meridian Holdings Inc (MRDN) has net assets worth $50.43 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 ($111.87 Million) and total liabilities ($61.44 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. Also explore MRDN total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $50.43 Million |
| % of Total Assets | 45.08% |
| Annual Growth Rate | 54.82% |
| 5-Year Change | 155.38% |
| 10-Year Change | N/A |
| Growth Volatility | 465.24 |
Meridian Holdings Inc - Net Assets Trend (2008–2025)
This chart illustrates how Meridian Holdings Inc's net assets have evolved over time, based on quarterly financial data. Check MRDN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Meridian Holdings Inc (2008–2025)
The table below shows the annual net assets of Meridian Holdings Inc from 2008 to 2025. For live valuation and market cap data, see Meridian Holdings Inc (MRDN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $48.34 Million | -55.63% |
| 2024-12-31 | $108.95 Million | +250.29% |
| 2023-12-31 | $31.10 Million | +4.39% |
| 2022-12-31 | $29.80 Million | +57.42% |
| 2021-12-31 | $18.93 Million | +42.73% |
| 2020-12-31 | $13.26 Million | +1183.42% |
| 2019-12-31 | $1.03 Million | +177.04% |
| 2018-12-31 | $-1.34 Million | +12.68% |
| 2017-12-31 | $-1.54 Million | +61.42% |
| 2016-12-31 | $-3.98 Million | -41.02% |
| 2015-12-31 | $-2.82 Million | -203.70% |
| 2014-12-31 | $-929.63K | -267.34% |
| 2013-12-31 | $-253.07K | -34.24% |
| 2012-12-31 | $-188.52K | -129.45% |
| 2011-12-31 | $-82.16K | -274.52% |
| 2010-12-31 | $-21.94K | -580.36% |
| 2009-12-31 | $4.57K | -84.07% |
| 2008-12-31 | $28.66K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meridian Holdings 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 3298151300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $126.00 | 0.00% |
| Other Comprehensive Income | $-3.75 Million | -8.06% |
| Other Components | $83.36 Million | 179.10% |
| Total Equity | $46.55 Million | 100.00% |
Meridian Holdings Inc Competitors by Market Cap
The table below lists competitors of Meridian Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nusantara Pelabuhan Handal Tbk PT
JK:PORT
|
$142.63 Million |
|
Grupo Casas Bahia S.A.
SA:BHIA3
|
$142.64 Million |
|
Chaintech Technology Corp
TW:2425
|
$142.74 Million |
|
Pine Cliff Energy Ltd
TO:PNE
|
$142.75 Million |
|
Wellcall Holdings Bhd
KLSE:7231
|
$142.52 Million |
|
Oncolytics Biotech Inc
TO:ONC
|
$142.51 Million |
|
Fiamma Holdings Bhd
KLSE:6939
|
$142.46 Million |
|
Everest Textile Co Ltd
TW:1460
|
$142.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meridian Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 105,072,994 to 46,545,326, a change of -58,527,668 (-55.7%).
- Net loss of 89,897,850 reduced equity.
- Dividend payments of 144,782 reduced retained earnings.
- Share repurchases of 122,778 reduced equity.
- New share issuances of 2,960,897 increased equity.
- Other comprehensive income increased equity by 4,336,369.
- Other factors increased equity by 24,340,476.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-89.90 Million | -193.14% |
| Dividends Paid | $144.78K | -0.31% |
| Share Repurchases | $122.78K | -0.26% |
| Share Issuances | $2.96 Million | +6.36% |
| Other Comprehensive Income | $4.34 Million | +9.32% |
| Other Changes | $24.34 Million | +52.29% |
| Total Change | $- | -55.70% |
Book Value vs Market Value Analysis
This analysis compares Meridian Holdings 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: 2.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $-32369.45 | $11.27 | x |
| 2017-12-31 | $-1.53 | $11.27 | x |
| 2018-12-31 | $-2.08 | $11.27 | x |
| 2019-12-31 | $0.45 | $11.27 | x |
| 2020-12-31 | $5.04 | $11.27 | x |
| 2021-12-31 | $7.04 | $11.27 | x |
| 2022-12-31 | $11.47 | $11.27 | x |
| 2023-12-31 | $10.54 | $11.27 | x |
| 2024-12-31 | $11.11 | $11.27 | x |
| 2025-12-31 | $4.02 | $11.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meridian Holdings 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): -193.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -49.16%
- • Asset Turnover: 1.55x
- • Equity Multiplier: 2.54x
- Recent ROE (-193.14%) is below the historical average (-124.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -34.89% | 0.00% | 0.00x | 1.09x | $-12.87K |
| 2009 | -2251.02% | 0.00% | 0.00x | 3.93x | $-103.26K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.47 Million |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.30 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-279.44K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-446.66K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.29 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.34 Million |
| 2016 | 0.00% | -50031.23% | 1.63x | 0.00x | $-9.61 Million |
| 2017 | 0.00% | 1500.90% | 1.37x | 0.00x | $1.95 Million |
| 2018 | 0.00% | -143.96% | 1.12x | 0.00x | $-1.18 Million |
| 2019 | 171.28% | 61.41% | 0.96x | 2.91x | $1.67 Million |
| 2020 | 3.00% | 7.62% | 0.38x | 1.04x | $-928.11K |
| 2021 | 67.99% | 21.32% | 2.95x | 1.08x | $10.98 Million |
| 2022 | 0.16% | 0.12% | 1.11x | 1.22x | $-2.64 Million |
| 2023 | -3.77% | -2.65% | 1.24x | 1.14x | $-4.28 Million |
| 2024 | -1.41% | -0.98% | 0.71x | 2.03x | $-11.99 Million |
| 2025 | -193.14% | -49.16% | 1.55x | 2.54x | $-94.55 Million |
Industry Comparison
This section compares Meridian Holdings Inc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $414,286,287
- Average return on equity (ROE) among peers: -2.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meridian Holdings Inc (MRDN) | $50.43 Million | -34.89% | 1.22x | $142.59 Million |
| Accel Entertainment Inc (ACEL) | $158.46 Million | 19.92% | 2.89x | $978.34 Million |
| PlayAGS Inc (AGS) | $-27.93 Million | 0.00% | 0.00x | $518.40 Million |
| Brightstar Lottery PLC (BRSL) | $1.95 Billion | 7.99% | 4.36x | $1.86 Billion |
| Codere Online US Corp (CDRO) | $24.22 Million | 16.14% | 2.08x | $417.41 Million |
| Churchill Downs Incorporated (CHDN) | $506.21 Million | 3.23% | 1.01x | $5.86 Billion |
| DraftKings Inc (DKNG) | $-185.23 Million | 0.00% | 0.00x | $11.64 Billion |
| Everi Holdings Inc (EVRI) | $137.42 Million | -76.39% | 10.45x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $12.49 Million | 51.28% | 2.16x | $9.09 Million |
| Gan Ltd (GAN) | $3.06 Million | 6.91% | 1.78x | $91.53 Million |
| International Game Technology PLC (IGT) | $1.56 Billion | -56.07% | 7.32x | $3.31 Billion |
About Meridian Holdings Inc
Meridian Holdings Inc., a business-to-business and business-to-consumer gaming technology company, provides casino, sportsbook, and competition products in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and gaming operations under various brands, including Meridianbet, Expanse Studios, MexPlay, R Kings Competitions, Cla… Read more