Altitude International Holdings Inc
Altitude International Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and installs simulated altitude athletic equipment in the United States and internationally. The company also engages in the provision of training and education of tennis, golf, soccer, beach volleyball, and indoor volleyball programs for student-athletes. In addition, it offers Altitude Online, an o… Read more
Altitude International Holdings Inc (ALTD) - Net Assets
Latest net assets as of December 2022: $23.12 Million USD
Based on the latest financial reports, Altitude International Holdings Inc (ALTD) has net assets worth $23.12 Million USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($101.02 Million) and total liabilities ($77.90 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 | $23.12 Million |
| % of Total Assets | 22.88% |
| Annual Growth Rate | 124.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 98.66 |
Altitude International Holdings Inc - Net Assets Trend (2015–2022)
This chart illustrates how Altitude International Holdings 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 Altitude International Holdings Inc (2015–2022)
The table below shows the annual net assets of Altitude International Holdings Inc from 2015 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $23.12 Million | -15.77% |
| 2021-12-31 | $27.45 Million | +1267.92% |
| 2020-12-31 | $-2.35 Million | -487.96% |
| 2019-12-31 | $-399.67K | +21.02% |
| 2018-12-31 | $-506.02K | -196.95% |
| 2017-12-31 | $-170.41K | -85.09% |
| 2016-12-31 | $-92.07K | -213.09% |
| 2015-12-31 | $81.41K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altitude International Holdings 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 1150610400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.66 Million | 149.94% |
| Total Equity | $23.12 Million | 100.00% |
Altitude International Holdings Inc Competitors by Market Cap
The table below lists competitors of Altitude International Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LREN3F
SA:LREN3F
|
$24.11K |
|
Bone Therapeutics
LSE:0R55
|
$24.13K |
|
Song Da 505 JSC
VN:S55
|
$24.19K |
|
CORONATION FD MANAG
BE:N8C
|
$24.23K |
|
UACJ Corp
OTCMKTS:UACJF
|
$24.10K |
|
Union Financial Corporation
PINK:UFCP
|
$24.08K |
|
REVEZ CORPORATION LTD.
F:7IQ
|
$24.07K |
|
Feat Fund Investments Limited Partnership
TA:FEAT
|
$24.04K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altitude International Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 27,445,068 to 23,116,174, a change of -4,328,894 (-15.8%).
- Net loss of 8,625,824 reduced equity.
- Other factors increased equity by 4,296,930.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.63 Million | -37.32% |
| Other Changes | $4.30 Million | +18.59% |
| Total Change | $- | -15.77% |
Book Value vs Market Value Analysis
This analysis compares Altitude International Holdings 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: 0.00x
- 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 |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $-0.01 | $0.00 | x |
| 2018-12-31 | $-0.02 | $0.00 | x |
| 2019-12-31 | $-0.01 | $0.00 | x |
| 2020-12-31 | $-0.05 | $0.00 | x |
| 2021-12-31 | $0.15 | $0.00 | x |
| 2022-12-31 | $0.06 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altitude International Holdings 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): -37.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -70.65%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 4.37x
- Recent ROE (-37.32%) is below the historical average (-12.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -56.94% | -51.48% | 0.58x | 1.90x | $-54.50K |
| 2016 | 0.00% | -3609.31% | 0.14x | 0.00x | $-175.77K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-273.36K |
| 2018 | 0.00% | -2346.23% | 3.21x | 0.00x | $-1.80 Million |
| 2019 | 0.00% | -328.87% | 7.32x | 0.00x | $-703.92K |
| 2020 | 0.00% | -1.91% | 5.86x | 0.00x | $129.70K |
| 2021 | -6.71% | -27.92% | 0.22x | 1.12x | $-4.59 Million |
| 2022 | -37.32% | -70.65% | 0.12x | 4.37x | $-10.94 Million |
Industry Comparison
This section compares Altitude International Holdings Inc's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $2,964,111,412
- Average return on equity (ROE) among peers: -69.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altitude International Holdings Inc (ALTD) | $23.12 Million | -56.94% | 3.37x | $24.11K |
| 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 |
| 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 |