Nu Ride Inc
Nu Ride Inc. does not have significant operations. It intends to identify, evaluate, and pursue one or more potential business combinations or acquisitions. Previously, the company was engaged in the manufacture and sale of Endurance, an electric full-size pickup truck. Nu Ride Inc. is headquartered in New York, New York.
Nu Ride Inc (NRDE) - Net Assets
Latest net assets as of September 2025: $42.40 Million USD
Based on the latest financial reports, Nu Ride Inc (NRDE) has net assets worth $42.40 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 ($48.62 Million) and total liabilities ($6.22 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 | $42.40 Million |
| % of Total Assets | 87.2% |
| Annual Growth Rate | -49.13% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 31.38 |
Nu Ride Inc - Net Assets Trend (2020–2024)
This chart illustrates how Nu Ride Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nu Ride Inc (2020–2024)
The table below shows the annual net assets of Nu Ride Inc from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $42.23 Million | -8.79% |
| 2023-12-31 | $46.30 Million | -87.88% |
| 2022-12-31 | $382.03 Million | -29.20% |
| 2021-12-31 | $539.60 Million | -14.45% |
| 2020-12-31 | $630.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nu Ride 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 104397400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.22 Billion | 2890.14% |
| Total Equity | $42.23 Million | 100.00% |
Nu Ride Inc Competitors by Market Cap
The table below lists competitors of Nu Ride Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Iljin Display
KO:020760
|
$17.95 Million |
|
Kalina Power Ltd
AU:KPO
|
$17.95 Million |
|
Thai Rung Union Car Public Company Limited
BK:TRU
|
$17.95 Million |
|
GLOSTER LTD (BSE)
NSE:GLOSTERLTD
|
$17.96 Million |
|
Spacenet Enterprises India Limited
NSE:SPCENET
|
$17.93 Million |
|
Aldoro Resources Ltd
AU:ARN
|
$17.93 Million |
|
Thanapiriya Public Company Limited
BK:TNP
|
$17.93 Million |
|
Glomac Bhd
KLSE:5020
|
$17.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nu Ride Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 46,304,000 to 42,235,000, a change of -4,069,000 (-8.8%).
- Net loss of 8,136,000 reduced equity.
- Other factors increased equity by 4,067,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.14 Million | -19.26% |
| Other Changes | $4.07 Million | +9.63% |
| Total Change | $- | -8.79% |
Book Value vs Market Value Analysis
This analysis compares Nu Ride 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: 0.51x
- 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 increased from 0.02x to 0.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $56.31 | $1.34 | x |
| 2021-12-31 | $41.21 | $1.34 | x |
| 2022-12-31 | $23.98 | $1.34 | x |
| 2023-12-31 | $2.90 | $1.34 | x |
| 2024-12-31 | $2.62 | $1.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nu Ride 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): -19.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.26x
- Recent ROE (-19.26%) is above the historical average (-185.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -19.67% | 0.00% | 0.00x | 1.22x | $-187.12 Million |
| 2021 | -76.05% | 0.00% | 0.00x | 1.28x | $-464.33 Million |
| 2022 | -73.92% | -145569.07% | 0.00x | 1.18x | $-320.61 Million |
| 2023 | -740.90% | -14660.94% | 0.03x | 1.99x | $-347.70 Million |
| 2024 | -19.26% | 0.00% | 0.00x | 1.26x | $-12.36 Million |
Industry Comparison
This section compares Nu Ride Inc's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $15,999,490,550
- Average return on equity (ROE) among peers: -29.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nu Ride Inc (NRDE) | $42.40 Million | -19.67% | 0.15x | $17.94 Million |
| Thunder Power Holdings, Inc. (AIEV) | $-604.50K | 0.00% | 0.00x | $710.14K |
| Robo.ai Inc. (AIIO) | $10.17K | -145.77% | 13.28x | $20.90 Million |
| Aston Martin Lagonda Global Holdings plc (AMGDF) | $772.50 Million | -68.31% | 3.02x | $289.13 Million |
| Arrival (ARVLF) | $221.31 Million | 0.01% | 0.04x | $803.89 |
| AYRO Inc (AYRO) | $73.42 Million | -45.13% | 0.06x | $4.36 Million |
| Bayerische Motoren Werke Aktiengesellschaft (BAMXF) | $75.13 Billion | 16.48% | 2.05x | $29.09 Billion |
| BAIC Motor Corporation Limited (BCCMY) | $59.64 Billion | 18.44% | 1.81x | $1.88 Billion |
| Bollinger Innovations, Inc. (BINI) | $13.19 Million | -75.14% | 1.45x | $1.29K |
| BYD Company Limited (BYDDF) | $24.14 Billion | 0.34% | 1.85x | $112.14 Billion |
| Cenntro Electric Group Ltd (CENN) | $-2.22 Million | 0.00% | 0.00x | $7.95 Million |