Getaround Inc
Getaround, Inc. operates as an online car rental service company for peer-to-peer car sharing. The company operates Getaround, a digital carsharing marketplace, which is accessed through the Getaround app and derives demand from guests who want access to cars nearby 24/7 for various use cases, such as local and long-distance getaways, running errands, business travel, and driving to earn through … Read more
Getaround Inc (GETR) - Net Assets
Latest net assets as of September 2024: $-33.45 Million USD
Based on the latest financial reports, Getaround Inc (GETR) has net assets worth $-33.45 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($153.31 Million) and total liabilities ($186.77 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 | $-33.45 Million |
| % of Total Assets | -21.82% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Getaround Inc - Net Assets Trend (2020–2023)
This chart illustrates how Getaround 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 Getaround Inc (2020–2023)
The table below shows the annual net assets of Getaround Inc from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $3.12 Million | -95.51% |
| 2022-12-31 | $69.50 Million | +117.32% |
| 2021-12-31 | $-401.22 Million | -44.58% |
| 2020-12-31 | $-277.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Getaround 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 37007400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.00K | 0.29% |
| Other Comprehensive Income | $19.90 Million | 638.09% |
| Other Components | $859.16 Million | 27546.10% |
| Total Equity | $3.12 Million | 100.00% |
Getaround Inc Competitors by Market Cap
The table below lists competitors of Getaround Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greiffenberger AG
F:GRF
|
$1.38 Million |
|
ALR Technologies Inc.
OTCMKTS:ALRTF
|
$1.38 Million |
|
Piedmont Lithium Inc
PINK:PLLTL
|
$1.38 Million |
|
Value Capital One Ltd
TA:PLTF
|
$1.38 Million |
|
BOD Science Ltd
AU:BOD
|
$1.38 Million |
|
Martela Oyj A
HE:MARAS
|
$1.38 Million |
|
Asuransi Bintang Tbk
JK:ASBI
|
$1.38 Million |
|
2cureX AB
ST:2CUREX
|
$1.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Getaround Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 69,500,000 to 3,119,000, a change of -66,381,000 (-95.5%).
- Net loss of 113,946,000 reduced equity.
- Dividend payments of 202,686,000 reduced retained earnings.
- Share repurchases of 5,313,000 reduced equity.
- Other comprehensive income increased equity by 19,902,000.
- Other factors increased equity by 235,662,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-113.95 Million | -3653.29% |
| Dividends Paid | $202.69 Million | -6498.43% |
| Share Repurchases | $5.31 Million | -170.34% |
| Other Comprehensive Income | $19.90 Million | +638.09% |
| Other Changes | $235.66 Million | +7555.69% |
| Total Change | $- | -95.51% |
Book Value vs Market Value Analysis
This analysis compares Getaround 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: 0.53x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-3.01 | $0.02 | x |
| 2021-12-31 | $-4.36 | $0.02 | x |
| 2022-12-31 | $0.75 | $0.02 | x |
| 2023-12-31 | $0.03 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Getaround 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): -3653.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -156.78%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 51.66x
- Recent ROE (-3653.29%) is below the historical average (-962.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -281.06% | 0.24x | 0.00x | $-137.30 Million |
| 2021 | 0.00% | -190.37% | 0.28x | 0.00x | $-79.94 Million |
| 2022 | -195.78% | -228.85% | 0.29x | 2.96x | $-143.01 Million |
| 2023 | -3653.29% | -156.78% | 0.45x | 51.66x | $-114.26 Million |
Industry Comparison
This section compares Getaround Inc'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 |
|---|---|---|---|---|
| Getaround Inc (GETR) | $-33.45 Million | 0.00% | N/A | $1.38 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 |