Ridgetech, Inc. (RDGT) - Net Assets
Based on the latest financial reports, Ridgetech, Inc. (RDGT) has net assets worth $40.78 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.03 Million) and total liabilities ($28.25 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 RDGT strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $40.78 Million |
| % of Total Assets | 59.07% |
| Annual Growth Rate | 5.74% |
| 5-Year Change | 79.33% |
| 10-Year Change | 52.93% |
| Growth Volatility | 51.3 |
Ridgetech, Inc. - Net Assets Trend (2010–2026)
This chart illustrates how Ridgetech, Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see RDGT company net worth.
Annual Net Assets for Ridgetech, Inc. (2010–2026)
The table below shows the annual net assets of Ridgetech, Inc. from 2010 to 2026. Also explore Ridgetech, Inc. equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $40.78 Million | +37.59% |
| 2025-03-31 | $29.64 Million | +107.35% |
| 2024-03-31 | $14.29 Million | -14.24% |
| 2023-03-31 | $16.67 Million | -26.70% |
| 2022-03-31 | $22.74 Million | -6.82% |
| 2021-03-31 | $24.40 Million | +29.95% |
| 2020-03-31 | $18.78 Million | +10.65% |
| 2019-03-31 | $16.97 Million | -10.03% |
| 2018-03-31 | $18.86 Million | -29.26% |
| 2017-03-31 | $26.66 Million | +38.04% |
| 2016-03-31 | $19.32 Million | +12.08% |
| 2015-03-31 | $17.23 Million | +19.98% |
| 2014-03-31 | $14.36 Million | -62.35% |
| 2013-03-31 | $38.15 Million | -27.13% |
| 2012-03-31 | $52.35 Million | +24.46% |
| 2011-03-31 | $42.06 Million | +152.03% |
| 2010-03-31 | $16.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ridgetech, 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 6455946400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $133.09K | 0.33% |
| Other Comprehensive Income | $1.31 Million | 3.21% |
| Other Components | $103.90 Million | 254.80% |
| Total Equity | $40.78 Million | 100.00% |
Ridgetech, Inc. Competitors by Market Cap
The table below lists competitors of Ridgetech, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EMPYREAN ENERGY LS-002
F:E1E
|
$3.34 Million |
|
Archon Minerals Ltd
V:ACS
|
$3.35 Million |
|
GRI Bio Inc.
NASDAQ:GRI
|
$3.35 Million |
|
Immersion SA
PA:ALIMR
|
$3.35 Million |
|
Niki BioSolutions, Inc.
NASDAQ:NIKI
|
$3.34 Million |
|
REDSUN PROPERTIES GROUP
F:0RJ
|
$3.34 Million |
|
Madhav Marbles and Granites Limited
NSE:MADHAV
|
$3.34 Million |
|
PreveCeutical Medical Inc
F:18H
|
$3.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ridgetech, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 29,636,382 to 40,776,638, a change of 11,140,256 (37.6%).
- Net loss of 1,250,422 reduced equity.
- New share issuances of 10,883,257 increased equity.
- Other comprehensive income increased equity by 1,507,419.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.25 Million | -3.07% |
| Share Issuances | $10.88 Million | +26.69% |
| Other Comprehensive Income | $1.51 Million | +3.7% |
| Other Changes | $2.00 | +0.0% |
| Total Change | $- | 37.59% |
Book Value vs Market Value Analysis
This analysis compares Ridgetech, 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.
- The price-to-book ratio has decreased from 0.17x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | $5.55 | $0.92 | x |
| 2008-03-31 | $0.18 | $0.92 | x |
| 2010-03-31 | $8344874.50 | $0.92 | x |
| 2011-03-31 | $21031958.50 | $0.92 | x |
| 2012-03-31 | $17450799.33 | $0.92 | x |
| 2013-03-31 | $12716496.00 | $0.92 | x |
| 2014-03-31 | $4774483.00 | $0.92 | x |
| 2015-03-31 | $5731442.00 | $0.92 | x |
| 2016-03-31 | $6438624.00 | $0.92 | x |
| 2017-03-31 | $6666094.25 | $0.92 | x |
| 2018-03-31 | $3772481.00 | $0.92 | x |
| 2019-03-31 | $3633041.20 | $0.92 | x |
| 2020-03-31 | $3431822.33 | $0.92 | x |
| 2021-03-31 | $3217838.13 | $0.92 | x |
| 2022-03-31 | $3010674.13 | $0.92 | x |
| 2023-03-31 | $783217.87 | $0.92 | x |
| 2024-03-31 | $244375.16 | $0.92 | x |
| 2025-03-31 | $120473.10 | $0.92 | x |
| 2026-03-31 | $561.17 | $0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ridgetech, 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): -3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.95%
- • Asset Turnover: 1.91x
- • Equity Multiplier: 1.69x
- Recent ROE (-3.07%) is above the historical average (-116.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -12.31% | 0.00% | 0.00x | 1.00x | $-6.77K |
| 2008 | -1790.04% | 0.00% | 0.00x | 1.00x | $-28.91K |
| 2010 | 58.85% | 17.80% | 2.30x | 1.44x | $8.15 Million |
| 2011 | 20.05% | 12.05% | 1.30x | 1.28x | $4.23 Million |
| 2012 | 15.55% | 8.63% | 1.26x | 1.43x | $2.91 Million |
| 2013 | -37.57% | -16.02% | 1.32x | 1.78x | $-18.15 Million |
| 2014 | -177.03% | -38.33% | 1.44x | 3.21x | $-26.79 Million |
| 2015 | 4.98% | 1.11% | 1.29x | 3.46x | $-862.88K |
| 2016 | 2.31% | 0.50% | 1.43x | 3.21x | $-1.48 Million |
| 2017 | -21.17% | -6.93% | 1.21x | 2.52x | $-8.31 Million |
| 2018 | -90.44% | -17.75% | 1.30x | 3.91x | $-18.95 Million |
| 2019 | -5.10% | -0.86% | 1.48x | 4.00x | $-2.74 Million |
| 2020 | -28.23% | -4.95% | 1.18x | 4.83x | $-7.87 Million |
| 2021 | -31.54% | -6.10% | 1.25x | 4.13x | $-10.69 Million |
| 2022 | -13.25% | -1.94% | 1.55x | 4.42x | $-5.60 Million |
| 2023 | -117.34% | -14.20% | 1.64x | 5.05x | $-22.94 Million |
| 2024 | -27.07% | -2.74% | 1.63x | 6.08x | $-5.80 Million |
| 2025 | 34.40% | 8.50% | 1.86x | 2.18x | $7.23 Million |
| 2026 | -3.07% | -0.95% | 1.91x | 1.69x | $-5.33 Million |
Industry Comparison
This section compares Ridgetech, Inc.'s net assets metrics with peer companies in the Pharmaceutical Retailers industry.
Industry Context
- Industry: Pharmaceutical Retailers
- Average net assets among peers: $2,757,790,816
- Average return on equity (ROE) among peers: -251.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ridgetech, Inc. (RDGT) | $40.78 Million | -12.31% | 0.69x | $3.34 Million |
| Bimi International Medical Inc (BIMI) | $-178.41K | 0.00% | 0.00x | $6.98K |
| High Tide Inc (HITI) | $102.77 Million | -49.38% | 2.40x | $204.80 Million |
| Trxade Group Inc (MEDS) | $17.48K | -862.05% | 5.79x | $8.12 Million |
| PetMed Express Inc (PETS) | $1.63 Million | -110.02% | 2.88x | $34.62 Million |
| POMDOCTOR LIMITED American Depositary Shares (POM) | $-1.90 Billion | 0.00% | 0.00x | $5.62 Million |
| Scienture Holdings, Inc. (SCNX) | $342.87K | -1012.67% | 9.82x | $13.92 Million |
| SunLink Health Systems Inc (SSY) | $33.74 Million | 13.30% | 1.02x | $7.85 Million |
| Walgreens Boots Alliance Inc (WBA) | $23.82 Billion | 10.67% | 2.41x | $10.37 Billion |
About Ridgetech, Inc.
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates through three segments: Retail Drugstores, Online Pharmacy, and Drug Wholesale. The company engages in offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, tra… Read more