Ability Inc
Ability Inc. provides systems for off-air cellular and satellite interception, and geolocation worldwide. The company engages in the interception of cellular and satellite communication networks for intelligence gathering or law enforcement activities for use by the governments, armed forces, law enforcement agencies, state internal security agencies and other security bodies. It also provides ta… Read more
Ability Inc (ABILF) - Net Assets
Latest net assets as of December 2021: $-16.49 Million USD
Based on the latest financial reports, Ability Inc (ABILF) has net assets worth $-16.49 Million USD as of December 2021.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.51 Million) and total liabilities ($31.00 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 | $-16.49 Million |
| % of Total Assets | -113.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | -2890.36% |
| 10-Year Change | N/A |
| Growth Volatility | 404.17 |
Ability Inc - Net Assets Trend (2013–2021)
This chart illustrates how Ability 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 Ability Inc (2013–2021)
The table below shows the annual net assets of Ability Inc from 2013 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $-16.49 Million | -78.24% |
| 2020-12-31 | $-9.25 Million | -222.93% |
| 2019-12-31 | $-2.87 Million | -180.73% |
| 2018-12-31 | $3.55 Million | +500.51% |
| 2017-12-31 | $591.00K | -93.91% |
| 2016-12-31 | $9.70 Million | -45.36% |
| 2015-12-31 | $17.75 Million | +929.28% |
| 2014-12-31 | $1.73 Million | -65.50% |
| 2013-12-31 | $5.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ability 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 5033567100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.00K | % |
| Other Components | $33.84 Million | % |
| Total Equity | $-16.49 Million | 100.00% |
Ability Inc Competitors by Market Cap
The table below lists competitors of Ability Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UDL Industries Ltd.
KAR:UDLI
|
$544.34 |
|
Megatech Corp
PINK:MGTC
|
$544.38 |
|
Petron Corp
PSE:PCOR
|
$544.62 |
|
Hala Enterprises Limited
KAR:HAEL
|
$545.03 |
|
SBS Philippines Corp
PSE:SBS
|
$544.26 |
|
Phoenix Vega Mezz PLC
AT:PVMEZZ
|
$543.50 |
|
Liminatus Pharma, Inc. Warrants
NASDAQ:LIMNW
|
$541.98 |
|
Next10 Inc
PINK:NXTN
|
$540.54 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ability Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -9,252,000 to -16,491,000, a change of -7,239,000.
- Net loss of 7,597,000 reduced equity.
- Other comprehensive income increased equity by 2,002,000.
- Other factors decreased equity by 1,644,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.60 Million | -46.07% |
| Other Comprehensive Income | $2.00 Million | +12.14% |
| Other Changes | $-1.64 Million | -9.97% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Ability 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $21.04 | $0.00 | x |
| 2014-12-31 | $0.70 | $0.00 | x |
| 2015-12-31 | $7.22 | $0.00 | x |
| 2016-12-31 | $3.95 | $0.00 | x |
| 2017-12-31 | $0.24 | $0.00 | x |
| 2018-12-31 | $1.20 | $0.00 | x |
| 2019-12-31 | $-0.40 | $0.00 | x |
| 2020-12-31 | $-1.30 | $0.00 | x |
| 2021-12-31 | $-2.30 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ability 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1289.81%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-209.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -5.60% | -4.74% | 0.08x | 14.35x | $-780.00K |
| 2014 | -53.03% | -4265.52% | 0.00x | 8.38x | $-1.09 Million |
| 2015 | 83.09% | 28.29% | 1.12x | 2.62x | $12.98 Million |
| 2016 | -83.00% | -48.78% | 0.52x | 3.28x | $-9.02 Million |
| 2017 | -1541.62% | -306.56% | 0.15x | 33.86x | $-9.17 Million |
| 2018 | -287.09% | -1890.35% | 0.02x | 7.15x | $-10.54 Million |
| 2019 | 0.00% | -414.06% | 0.11x | 0.00x | $-7.52 Million |
| 2020 | 0.00% | -388.70% | 0.12x | 0.00x | $-5.78 Million |
| 2021 | 0.00% | -1289.81% | 0.04x | 0.00x | $-5.95 Million |
Industry Comparison
This section compares Ability Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,655,383,348
- Average return on equity (ROE) among peers: -212.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ability Inc (ABILF) | $-16.49 Million | -5.60% | N/A | $544.32 |
| AAC Technologies Holdings Inc (AACAY) | $14.21 Billion | 28.32% | 0.71x | $4.55 Billion |
| Applied Opt (AAOI) | $115.01 Million | 3.72% | 0.60x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $378.43 Million | 20.17% | 0.27x | $785.61 Million |
| ADVA Optical Networking SE (ADVOF) | $176.06 Million | -16.73% | 0.17x | $243.68 Million |
| Airgain Inc (AIRG) | $46.22 Million | 2.47% | 0.22x | $44.70 Million |
| Aerkomm Inc (AKOM) | $24.19 Million | -98.53% | 2.63x | $805.19K |
| Akoustis Technologies, Inc. (AKTSQ) | $-57.09 Million | 0.00% | 0.00x | $135.67K |
| Amplitech Group Inc (AMPG) | $440.28K | -233.03% | 5.39x | $50.17 Million |
| Actelis Networks Inc. (ASNS) | $388.00K | -1620.10% | 27.93x | $465.34K |