Alternate Health Corp
Alternate Health Corp., a diversified healthcare company, provides cloud based software solutions in Canada. It offers medical practice and controlled substance management software, blood analysis and toxicology labs, clinical research, continuing education programs, nutraceutical products, and security and control services to the medical cannabis industry. The company is headquartered in Toronto… Read more
Alternate Health Corp (AHGIF) - Net Assets
Latest net assets as of September 2019: $-194.25K USD
Based on the latest financial reports, Alternate Health Corp (AHGIF) has net assets worth $-194.25K USD as of September 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.46 Million) and total liabilities ($30.66 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 | $-194.25K |
| % of Total Assets | -0.64% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 589.88 |
Alternate Health Corp - Net Assets Trend (2014–2018)
This chart illustrates how Alternate Health 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 Alternate Health Corp (2014–2018)
The table below shows the annual net assets of Alternate Health Corp from 2014 to 2018.
| Year | Net Assets | Change |
|---|---|---|
| 2018-12-31 | $1.07 Million | -93.33% |
| 2017-12-31 | $16.11 Million | +1086.44% |
| 2016-12-31 | $1.36 Million | +9925.92% |
| 2015-12-31 | $-13.82K | +98.71% |
| 2014-12-31 | $-1.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alternate Health 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 decreased by 4926398400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2018)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $43.67 Million | 4062.78% |
| Other Comprehensive Income | $-1.06 Million | -98.27% |
| Other Components | $8.27 Million | 769.00% |
| Total Equity | $1.07 Million | 100.00% |
Alternate Health Corp Competitors by Market Cap
The table below lists competitors of Alternate Health Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COPPERBELT ENERGY CORPORATION PLC
LUSE:CECZ
|
$6.50K |
|
CLEMONDO GROUP AB
F:N17
|
$6.50K |
|
CHASYS Co. Ltd.
KQ:033250
|
$6.51K |
|
Ibrahim Fibres Ltd
KAR:IBFL
|
$6.51K |
|
MEDIGENE N
BE:MDG1
|
$6.48K |
|
D. Boral ARC Acquisition I Corp. Warrant
NASDAQ:BCARW
|
$6.48K |
|
Amcomri Entertainment Inc
PINK:AMNNF
|
$6.48K |
|
Vodka Brands Corp
PINK:VDKB
|
$6.48K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alternate Health Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2017 to 2018, total equity changed from 16,106,438 to 1,074,827, a change of -15,031,611 (-93.3%).
- Net loss of 23,988,170 reduced equity.
- New share issuances of 6,229,315 increased equity.
- Other comprehensive income decreased equity by 6,419,377.
- Other factors increased equity by 9,146,621.
Equity Change Factors (2017 to 2018)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-23.99 Million | -2231.82% |
| Share Issuances | $6.23 Million | +579.56% |
| Other Comprehensive Income | $-6.42 Million | -597.25% |
| Other Changes | $9.15 Million | +850.99% |
| Total Change | $- | -93.33% |
Book Value vs Market Value Analysis
This analysis compares Alternate Health 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: 0.01x
- 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 3106.99x to 0.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.03 | $0.00 | x |
| 2017-12-31 | $0.32 | $0.00 | x |
| 2018-12-31 | $0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alternate Health 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): -2231.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4156.17%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.94x
- Recent ROE (-2231.82%) is above the historical average (-10765164.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -53823300.00% | -6727.91% | 8000.00x | 1.00x | $-538.23K |
| 2015 | 0.00% | -12.98% | 192.15x | 0.00x | $-20.37K |
| 2016 | -129.15% | -955.21% | 0.08x | 1.71x | $-1.89 Million |
| 2017 | -162.26% | -197.17% | 0.67x | 1.24x | $-27.75 Million |
| 2018 | -2231.82% | -4156.17% | 0.06x | 8.94x | $-24.10 Million |
Industry Comparison
This section compares Alternate Health Corp's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $87,779,018
- Average return on equity (ROE) among peers: -27.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alternate Health Corp (AHGIF) | $-194.25K | -53823300.00% | N/A | $6.50K |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |