Ryde Group Ltd.
Ryde Group Ltd engages in the provision of mobility and quick commerce solutions in Singapore. The company offers on-demand and scheduled carpooling and ride-hailing services; matching riders to its driver partners; and on-demand, scheduled, and multi-stop parcel delivery services. It also operates RydePay, a digital payments solution that allows users to pay and top up by card and to pay by Ryde… Read more
Ryde Group Ltd. (RYDE) - Net Assets
Latest net assets as of September 2025: $2.26 Million USD
Based on the latest financial reports, Ryde Group Ltd. (RYDE) has net assets worth $2.26 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.26 Million) and total liabilities ($5.01 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 | $2.26 Million |
| % of Total Assets | 31.07% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Ryde Group Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Ryde Group Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ryde Group Ltd. (2021–2024)
The table below shows the annual net assets of Ryde Group Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.87 Million | +152.12% |
| 2023-12-31 | $-7.42 Million | -29.38% |
| 2022-12-31 | $-5.74 Million | -182.88% |
| 2021-12-31 | $-2.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ryde Group Ltd.'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 3640000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.00K | 0.18% |
| Other Comprehensive Income | $111.00K | 2.79% |
| Other Components | $48.40 Million | 1218.45% |
| Total Equity | $3.97 Million | 100.00% |
Ryde Group Ltd. Competitors by Market Cap
The table below lists competitors of Ryde Group Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IRIS Corporation Bhd
KLSE:0010
|
$18.60 Million |
|
SPI Energy Co Ltd
NASDAQ:SPI
|
$18.60 Million |
|
Mofast AB
ST:MOFAST
|
$18.60 Million |
|
Marker Therapeutics Inc
NASDAQ:MRKR
|
$18.60 Million |
|
Touchmark Bancshares Inc
PINK:TMAK
|
$18.57 Million |
|
Israel Acquisitions Corp Class A
NASDAQ:ISRL
|
$18.57 Million |
|
WiMi Hologram Cloud Inc
NASDAQ:WIMI
|
$18.57 Million |
|
LiveWire Group Inc.
NYSE:LVWR
|
$18.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ryde Group Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -5,566,674 to 3,972,000, a change of 9,538,674.
- Net loss of 18,650,000 reduced equity.
- New share issuances of 20,960,000 increased equity.
- Other comprehensive income increased equity by 228,000.
- Other factors increased equity by 7,000,674.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.65 Million | -469.54% |
| Share Issuances | $20.96 Million | +527.69% |
| Other Comprehensive Income | $228.00K | +5.74% |
| Other Changes | $7.00 Million | +176.25% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Ryde Group Ltd.'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: 3.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $-0.01 | $0.70 | x |
| 2022-12-31 | $-0.42 | $0.70 | x |
| 2023-12-31 | $-0.29 | $0.70 | x |
| 2024-12-31 | $0.19 | $0.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ryde Group Ltd. 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): -469.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -208.38%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.29x
- Recent ROE (-469.54%) is below the historical average (-117.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | -19.87% | 2.26x | 0.00x | $-1.22 Million |
| 2022 | 0.00% | -55.78% | 2.74x | 0.00x | $-4.43 Million |
| 2023 | 0.00% | -148.00% | 1.67x | 0.00x | $-12.27 Million |
| 2024 | -469.54% | -208.38% | 0.99x | 2.29x | $-19.05 Million |
Industry Comparison
This section compares Ryde Group Ltd.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ryde Group Ltd. (RYDE) | $2.26 Million | 0.00% | 2.22x | $18.57 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |