Leatt Corp
Leatt Corporation designs, develops, markets, and distributes personal protective equipment for participants of motor sports and leisure activities worldwide. The company offers Leatt-Brace system, an injection molded neck protection system designed to prevent injuries to the cervical spine and neck. It also provides helmets for head and brain protection; and body armor products, including chest … Read more
Leatt Corp (LEAT) - Net Assets
Latest net assets as of September 2025: $41.61 Million USD
Based on the latest financial reports, Leatt Corp (LEAT) has net assets worth $41.61 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 ($50.91 Million) and total liabilities ($9.31 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 | $41.61 Million |
| % of Total Assets | 81.72% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | 147.69% |
| 10-Year Change | 413.41% |
| Growth Volatility | 25.73 |
Leatt Corp - Net Assets Trend (2010–2024)
This chart illustrates how Leatt Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Leatt Corp (2010–2024)
The table below shows the annual net assets of Leatt Corp from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $38.26 Million | -5.00% |
| 2023-12-31 | $40.28 Million | +1.48% |
| 2022-12-31 | $39.69 Million | +33.67% |
| 2021-12-31 | $29.70 Million | +92.22% |
| 2020-12-31 | $15.45 Million | +44.09% |
| 2019-12-31 | $10.72 Million | +18.42% |
| 2018-12-31 | $9.05 Million | +16.07% |
| 2017-12-31 | $7.80 Million | +8.03% |
| 2016-12-31 | $7.22 Million | -3.12% |
| 2015-12-31 | $7.45 Million | +3.85% |
| 2014-12-31 | $7.18 Million | +2.26% |
| 2013-12-31 | $7.02 Million | -8.43% |
| 2012-12-31 | $7.67 Million | +0.78% |
| 2011-12-31 | $7.61 Million | +4.91% |
| 2010-12-31 | $7.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leatt Corp'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 grown by 2859518100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $28.60 Million | 74.73% |
| Other Components | $9.67 Million | 25.27% |
| Total Equity | $38.26 Million | 100.00% |
Leatt Corp Competitors by Market Cap
The table below lists competitors of Leatt Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Snow Lake Resources Ltd
NASDAQ:LITM
|
$22.01 Million |
|
Metalpha Technology Holding Limited
NASDAQ:MATH
|
$22.02 Million |
|
Williams Grand Prix Holdings PLC
F:WGF1
|
$22.02 Million |
|
Data Storage Corp
NASDAQ:DTST
|
$22.02 Million |
|
Roots Corporation
PINK:RROTF
|
$22.00 Million |
|
DMCC SPECIALITY CHEMICALS LIMITED
NSE:DMCC
|
$22.00 Million |
|
Verbrec Ltd
AU:VBC
|
$22.00 Million |
|
Mastech Holdings Inc
NYSE MKT:MHH
|
$22.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leatt Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,280,524 to 38,264,717, a change of -2,015,807 (-5.0%).
- Net loss of 2,204,664 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.20 Million | -5.76% |
| Other Changes | $188.86K | +0.49% |
| Total Change | $- | -5.00% |
Book Value vs Market Value Analysis
This analysis compares Leatt Corp'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: 0.93x
- 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 4.25x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $1.35 | $5.73 | x |
| 2014-12-31 | $1.38 | $5.73 | x |
| 2015-12-31 | $1.42 | $5.73 | x |
| 2016-12-31 | $1.35 | $5.73 | x |
| 2017-12-31 | $1.45 | $5.73 | x |
| 2018-12-31 | $1.69 | $5.73 | x |
| 2019-12-31 | $1.99 | $5.73 | x |
| 2020-12-31 | $2.83 | $5.73 | x |
| 2021-12-31 | $5.04 | $5.73 | x |
| 2022-12-31 | $6.65 | $5.73 | x |
| 2023-12-31 | $6.48 | $5.73 | x |
| 2024-12-31 | $6.15 | $5.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leatt Corp 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): -5.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.01%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.21x
- Recent ROE (-5.76%) is below the historical average (9.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 10.04% | 4.27% | 1.68x | 1.40x | $3.40K |
| 2012 | 1.03% | 0.47% | 1.58x | 1.39x | $-687.50K |
| 2013 | -5.35% | -2.37% | 1.59x | 1.42x | $-1.08 Million |
| 2014 | 5.83% | 2.24% | 1.66x | 1.56x | $-299.36K |
| 2015 | 7.71% | 3.10% | 1.66x | 1.49x | $-170.38K |
| 2016 | -6.30% | -2.76% | 1.52x | 1.50x | $-1.18 Million |
| 2017 | 3.04% | 1.18% | 1.57x | 1.64x | $-542.76K |
| 2018 | 13.22% | 4.91% | 1.92x | 1.41x | $291.44K |
| 2019 | 12.83% | 4.86% | 1.56x | 1.70x | $303.56K |
| 2020 | 28.78% | 11.46% | 1.47x | 1.71x | $2.89 Million |
| 2021 | 43.93% | 17.35% | 1.47x | 1.72x | $9.71 Million |
| 2022 | 25.09% | 13.05% | 1.47x | 1.31x | $5.99 Million |
| 2023 | 1.99% | 1.70% | 0.99x | 1.18x | $-3.22 Million |
| 2024 | -5.76% | -5.01% | 0.95x | 1.21x | $-6.03 Million |
Industry Comparison
This section compares Leatt Corp's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,667,465,281
- Average return on equity (ROE) among peers: -62.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leatt Corp (LEAT) | $41.61 Million | 10.04% | 0.22x | $22.01 Million |
| All American Gld Crp (AAGC) | $-82.46K | 0.00% | 0.00x | $8.97 |
| Aureus Greenway Holdings Inc. Common Stock (AGH) | $1.07 Million | -17.18% | 3.87x | $36.62 Million |
| Altitude International Holdings Inc (ALTD) | $-2.35 Million | 0.00% | 0.00x | $24.11K |
| ANTA Sports Products Ltd (ANPDF) | $25.82 Billion | 19.99% | 1.01x | $13.79 Billion |
| American Outdoor Brands Inc (AOUT) | $177.93 Million | -6.88% | 0.35x | $91.40 Million |
| Amer Sports, Inc. (AS) | $33.42 Million | -377.97% | 208.21x | $5.64 Billion |
| Arvana Inc (AVNI) | $-1.98 Million | 0.00% | 0.00x | $21.93 Million |
| Vinco Ventures Inc (BBIG) | $7.45 Million | -190.48% | 2.17x | $7.00K |
| Bowlero Corp (BOWL) | $330.12 Million | -38.31% | 4.40x | $216.09 Million |
| Basic-Fit N.V (BSFFF) | $305.08 Million | -10.61% | 1.14x | $829.31 Million |