RENN Fund Inc (RCG) - Net Assets
Based on the latest financial reports, RENN Fund Inc (RCG) has net assets worth $19.23 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.33 Million) and total liabilities ($95.59K). 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 RCG asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $19.23 Million |
| % of Total Assets | 99.51% |
| Annual Growth Rate | -3.3% |
| 5-Year Change | 61.83% |
| 10-Year Change | 213.55% |
| Growth Volatility | 26.92 |
RENN Fund Inc - Net Assets Trend (1996–2024)
This chart illustrates how RENN Fund Inc's net assets have evolved over time, based on quarterly financial data. Also explore RCG total asset value for the complete picture of this company's asset base.
Annual Net Assets for RENN Fund Inc (1996–2024)
The table below shows the annual net assets of RENN Fund Inc from 1996 to 2024. For live valuation and market cap data, see RENN Fund Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $19.19 Million | +38.68% |
| 2023-12-31 | $13.84 Million | -6.68% |
| 2022-12-31 | $14.83 Million | -12.67% |
| 2021-12-31 | $16.98 Million | +43.19% |
| 2020-12-31 | $11.86 Million | -4.48% |
| 2019-12-31 | $12.41 Million | +46.46% |
| 2018-12-31 | $8.48 Million | +29.49% |
| 2017-12-31 | $6.55 Million | -10.81% |
| 2016-12-31 | $7.34 Million | +19.92% |
| 2015-12-31 | $6.12 Million | -37.91% |
| 2014-12-31 | $9.86 Million | -6.47% |
| 2013-12-31 | $10.54 Million | -6.51% |
| 2012-12-31 | $11.27 Million | +18.64% |
| 2011-12-31 | $9.50 Million | -23.82% |
| 2010-12-31 | $12.47 Million | -31.47% |
| 2009-12-31 | $18.20 Million | -1.09% |
| 2008-12-31 | $18.40 Million | -51.27% |
| 2007-12-31 | $37.76 Million | -21.99% |
| 2006-12-31 | $48.40 Million | -10.54% |
| 2005-12-31 | $54.10 Million | -27.48% |
| 2004-12-31 | $74.60 Million | +7.49% |
| 2003-12-31 | $69.40 Million | +68.04% |
| 2002-12-31 | $41.30 Million | -24.22% |
| 2001-12-31 | $54.50 Million | +14.98% |
| 2000-12-31 | $47.40 Million | +3.27% |
| 1999-12-31 | $45.90 Million | +10.60% |
| 1998-12-31 | $41.50 Million | -6.74% |
| 1997-12-31 | $44.50 Million | -9.37% |
| 1996-12-31 | $49.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RENN Fund 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 263.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $33.23 Million | 173.18% |
| Total Equity | $19.19 Million | 100.00% |
RENN Fund Inc Competitors by Market Cap
The table below lists competitors of RENN Fund Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NB Distressed Debt Inv Extended Life
LSE:NBDX
|
$19.37 Million |
|
FINEDIGITAL Inc
KQ:038950
|
$19.37 Million |
|
Altima Resources Ltd
V:ARH
|
$19.37 Million |
|
WAPS Co. Ltd
KQ:196700
|
$19.37 Million |
|
EV Resources Ltd
AU:EVR
|
$19.36 Million |
|
Unique Mining Services Public Company Limited
BK:UMS
|
$19.36 Million |
|
Precio Fishbone AB (publ)
ST:PRCO-B
|
$19.35 Million |
|
Trendline
TA:TREN
|
$19.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RENN Fund Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,837,352 to 19,189,723, a change of 5,352,371 (38.7%).
- Net income of 5,509,321 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.51 Million | +28.71% |
| Other Changes | $-156.95K | -0.82% |
| Total Change | $- | 38.68% |
Book Value vs Market Value Analysis
This analysis compares RENN Fund 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: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.24x to 1.00x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $11.34 | $2.76 | x |
| 1997-12-31 | $10.25 | $2.76 | x |
| 1998-12-31 | $9.76 | $2.76 | x |
| 1999-12-31 | $11.09 | $2.76 | x |
| 2000-12-31 | $11.13 | $2.76 | x |
| 2001-12-31 | $12.50 | $2.76 | x |
| 2002-12-31 | $9.47 | $2.76 | x |
| 2004-12-31 | $17.15 | $2.76 | x |
| 2006-12-31 | $10.85 | $2.76 | x |
| 2007-12-31 | $8.46 | $2.76 | x |
| 2008-12-31 | $4.12 | $2.76 | x |
| 2009-12-31 | $4.08 | $2.76 | x |
| 2010-12-31 | $2.57 | $2.76 | x |
| 2011-12-31 | $1.96 | $2.76 | x |
| 2012-12-31 | $2.31 | $2.76 | x |
| 2013-12-31 | $2.16 | $2.76 | x |
| 2014-12-31 | $2.02 | $2.76 | x |
| 2015-12-31 | $1.26 | $2.76 | x |
| 2016-12-31 | $1.51 | $2.76 | x |
| 2017-12-31 | $1.28 | $2.76 | x |
| 2018-12-31 | $1.73 | $2.76 | x |
| 2019-12-31 | $2.08 | $2.76 | x |
| 2020-12-31 | $1.99 | $2.76 | x |
| 2021-12-31 | $2.85 | $2.76 | x |
| 2022-12-31 | $2.28 | $2.76 | x |
| 2023-12-31 | $1.97 | $2.76 | x |
| 2024-12-31 | $2.75 | $2.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RENN Fund 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): 28.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1483.30%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.00x
- Recent ROE (28.71%) is above the historical average (0.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 56.21% | 968.42% | 0.06x | 1.03x | $22.69 Million |
| 1997 | 2.58% | 45.45% | 0.05x | 1.09x | $-3.30 Million |
| 1998 | 15.95% | 233.92% | 0.07x | 1.02x | $2.47 Million |
| 1999 | 97.12% | 2591.86% | 0.04x | 1.02x | $39.99 Million |
| 2000 | 38.33% | 1072.78% | 0.03x | 1.36x | $13.40 Million |
| 2001 | 59.43% | 5224.19% | 0.01x | 1.41x | $26.94 Million |
| 2002 | -87.26% | -9484.21% | 0.01x | 1.22x | $-40.17 Million |
| 2004 | 25.43% | 2874.24% | 0.01x | 1.57x | $11.51 Million |
| 2006 | -8.33% | -424.21% | 0.02x | 1.21x | $-8.87 Million |
| 2007 | -26.91% | -178.26% | 0.14x | 1.06x | $-13.94 Million |
| 2008 | -97.79% | -1306.83% | 0.07x | 1.01x | $-19.83 Million |
| 2009 | 2.42% | 88.00% | 0.03x | 1.02x | $-1.38 Million |
| 2010 | -45.65% | 0.00% | -0.37x | 1.08x | $-6.94 Million |
| 2011 | -31.27% | 0.00% | -0.24x | 1.04x | $-3.92 Million |
| 2012 | 15.71% | 77.23% | 0.17x | 1.17x | $644.20K |
| 2013 | -6.97% | 0.00% | -0.03x | 1.01x | $-1.79 Million |
| 2014 | -6.92% | 0.00% | -0.04x | 1.01x | $-1.67 Million |
| 2015 | -61.06% | 0.00% | -0.55x | 1.01x | $-4.35 Million |
| 2016 | 16.61% | 66.38% | 0.20x | 1.27x | $484.96K |
| 2017 | -12.12% | 0.00% | -0.06x | 1.24x | $-1.45 Million |
| 2018 | 22.78% | 89.95% | 0.21x | 1.18x | $1.08 Million |
| 2019 | 13.70% | 88.48% | 0.14x | 1.11x | $457.17K |
| 2020 | -4.20% | 0.00% | -0.02x | 1.01x | $-1.68 Million |
| 2021 | 30.95% | 95.80% | 0.32x | 1.01x | $3.56 Million |
| 2022 | -28.54% | 0.00% | -0.27x | 1.01x | $-5.72 Million |
| 2023 | -6.39% | -309.49% | 0.02x | 1.01x | $-2.27 Million |
| 2024 | 28.71% | 1483.30% | 0.02x | 1.00x | $3.59 Million |
Industry Comparison
This section compares RENN Fund Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RENN Fund Inc (RCG) | $19.23 Million | 56.21% | 0.00x | $19.36 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About RENN Fund Inc
RENN Fund, Inc. is a closed ended equity mutual fund launched by RENN Capital Group, Inc. The fund is co-managed by Horizon Kinetics Asset Management LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It seeks to invest in stocks of small-cap and mid-cap companies. The fund employs a fundamental … Read more