Coretec Group Inc
The Coretec Group Inc. engages in the development of silicon anode active materials for lithium-ion batteries and cyclohexasilane for electric vehicles, cleantech, and tech applications. The company was founded in 2002 and is headquartered in Ann Arbor, Michigan.
Coretec Group Inc (CRTG) - Net Assets
Latest net assets as of June 2024: $-642.95K USD
Based on the latest financial reports, Coretec Group Inc (CRTG) has net assets worth $-642.95K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.35 Million) and total liabilities ($1.99 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 | $-642.95K |
| % of Total Assets | -47.8% |
| Annual Growth Rate | N/A |
| 5-Year Change | -83.81% |
| 10-Year Change | N/A |
| Growth Volatility | 5715.08 |
Coretec Group Inc - Net Assets Trend (2004–2023)
This chart illustrates how Coretec Group 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 Coretec Group Inc (2004–2023)
The table below shows the annual net assets of Coretec Group Inc from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $110.14K | -93.98% |
| 2022-12-31 | $1.83 Million | -52.69% |
| 2021-12-31 | $3.86 Million | +424.34% |
| 2020-12-31 | $736.96K | +8.30% |
| 2019-12-31 | $680.47K | +146.63% |
| 2018-12-31 | $-1.46 Million | -160.93% |
| 2017-12-31 | $-559.27K | -14208.70% |
| 2016-12-31 | $3.96K | +100.30% |
| 2015-12-31 | $-1.34 Million | -40.95% |
| 2014-12-31 | $-949.83K | +28.93% |
| 2013-12-31 | $-1.34 Million | +9.01% |
| 2012-12-31 | $-1.47 Million | -17.84% |
| 2011-12-31 | $-1.25 Million | +23.35% |
| 2010-12-31 | $-1.63 Million | +9.26% |
| 2009-12-31 | $-1.79 Million | +18.97% |
| 2008-12-31 | $-2.21 Million | -140.09% |
| 2007-12-31 | $-921.20K | -4.68% |
| 2006-12-31 | $-880.00K | -125.64% |
| 2005-12-31 | $-390.00K | -5.41% |
| 2004-12-31 | $-370.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Coretec Group 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 1724295200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $56.82K | 51.59% |
| Other Comprehensive Income | $-56.82K | -51.59% |
| Other Components | $18.76 Million | 17035.06% |
| Total Equity | $110.14K | 100.00% |
Coretec Group Inc Competitors by Market Cap
The table below lists competitors of Coretec Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CMC Markets PLC
LSE:CMCX
|
$111.95K |
|
Shinsegae Engineering & Construction Co. Ltd.
KQ:034300
|
$111.97K |
|
CFI-Compagnie Foncière Internationale
PA:CFI
|
$112.00K |
|
Blue Star Foods Corp
NASDAQ:BSFC
|
$112.01K |
|
First Republic Bank
PINK:FRCB
|
$111.73K |
|
FABASOFT (FAA.SG)
STU:FAA
|
$111.69K |
|
SEVEN & I HDGS (S6M.SG)
STU:S6M
|
$111.57K |
|
POTBELLY
BE:PTB
|
$111.56K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coretec Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,828,320 to 110,144, a change of -1,718,176 (-94.0%).
- Net loss of 2,308,000 reduced equity.
- Other comprehensive income increased equity by 16,288,494.
- Other factors decreased equity by 15,698,670.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.31 Million | -2095.44% |
| Other Comprehensive Income | $16.29 Million | +14788.36% |
| Other Changes | $-15.70 Million | -14252.86% |
| Total Change | $- | -93.98% |
Book Value vs Market Value Analysis
This analysis compares Coretec Group 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: 1.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $-37.00 | $0.00 | x |
| 2005-12-31 | $-39.00 | $0.00 | x |
| 2006-12-31 | $-88.00 | $0.00 | x |
| 2007-12-31 | $-85.26 | $0.00 | x |
| 2008-12-31 | $-162.80 | $0.00 | x |
| 2009-12-31 | $-78.87 | $0.00 | x |
| 2010-12-31 | $-32.08 | $0.00 | x |
| 2011-12-31 | $-12.05 | $0.00 | x |
| 2012-12-31 | $-11.03 | $0.00 | x |
| 2013-12-31 | $-3.80 | $0.00 | x |
| 2014-12-31 | $-0.72 | $0.00 | x |
| 2015-12-31 | $-0.45 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $-0.02 | $0.00 | x |
| 2018-12-31 | $-0.02 | $0.00 | x |
| 2019-12-31 | $0.01 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.02 | $0.00 | x |
| 2022-12-31 | $0.01 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coretec Group 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): -2095.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 15.99x
- Recent ROE (-2095.44%) is below the historical average (-1088.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 0.00% | 0.00% | 0.00x | 0.00x | $-583.00K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-551.00K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.38 Million |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.84 Million |
| 2008 | 0.00% | -8419.58% | 0.25x | 0.00x | $-3.39 Million |
| 2009 | 0.00% | -3455.82% | 0.70x | 0.00x | $-1.39 Million |
| 2010 | 0.00% | -1436.94% | 0.26x | 0.00x | $-1.36 Million |
| 2011 | 0.00% | -2597.32% | 1.09x | 0.00x | $-2.20 Million |
| 2012 | 0.00% | -3301.50% | 0.64x | 0.00x | $-1.96 Million |
| 2013 | 0.00% | -3062.24% | 0.43x | 0.00x | $-1.35 Million |
| 2014 | 0.00% | -8360.00% | 0.26x | 0.00x | $-1.16 Million |
| 2015 | 0.00% | -17571.26% | 0.15x | 0.00x | $-766.12K |
| 2016 | -18794.15% | 0.00% | 0.00x | 406.82x | $-745.40K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.66 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-900.07K |
| 2019 | -314.78% | 0.00% | 0.00x | 2.14x | $-2.21 Million |
| 2020 | -250.35% | 0.00% | 0.00x | 1.96x | $-1.92 Million |
| 2021 | -162.23% | 0.00% | 0.00x | 1.39x | $-6.66 Million |
| 2022 | -156.59% | 0.00% | 0.00x | 1.98x | $-3.05 Million |
| 2023 | -2095.44% | 0.00% | 0.00x | 15.99x | $-2.32 Million |
Industry Comparison
This section compares Coretec Group Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $102,165,222,837
- Average return on equity (ROE) among peers: -82.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Coretec Group Inc (CRTG) | $-642.95K | 0.00% | N/A | $111.81K |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $4.25 Million | 55.33% | 1.47x | $2.33 Million |
| AstroNova Inc (ALOT) | $33.90 Million | 8.85% | 0.18x | $49.05 Million |
| Arista Networks (ANET) | $788.15 Million | 15.37% | 0.47x | $138.43 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $148.92 Million | 93.81% | 0.29x | $27.14K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $46.37 Million |
| BTC Digital Ltd. (BTCT) | $36.58 Million | -1050.71% | 23.21x | $9.90 Million |
| Canon Inc. (CAJPY) | $945.07 Billion | 3.28% | 1.35x | $24.42 Billion |
| Canaan Inc (CAN) | $543.31 Million | 56.77% | 0.63x | $346.91 Million |
| CCUR Holdings Inc (CCUR) | $-1.50 Million | 0.00% | 0.00x | $6.74 Million |