Covista Communications Inc
Covista Communications, Inc. provides telecommunications and data services in the United States. It offers a range of voice, data, and Internet solutions, including local, long distance, and toll-free services, calling cards, frame relay, Internet access, virtual private network, directory assistance, and teleconferencing services. The company provides a range of domestic and international long d… Read more
Covista Communications Inc (CVST) - Net Assets
Latest net assets as of April 2005: $13.48 Million USD
Based on the latest financial reports, Covista Communications Inc (CVST) has net assets worth $13.48 Million USD as of April 2005.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($24.31 Million) and total liabilities ($10.83 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 | $13.48 Million |
| % of Total Assets | 55.45% |
| Annual Growth Rate | 5.05% |
| 5-Year Change | 133.93% |
| 10-Year Change | 26.3% |
| Growth Volatility | 259.94 |
Covista Communications Inc - Net Assets Trend (1986–2005)
This chart illustrates how Covista Communications 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 Covista Communications Inc (1986–2005)
The table below shows the annual net assets of Covista Communications Inc from 1986 to 2005.
| Year | Net Assets | Change |
|---|---|---|
| 2005-01-31 | $13.51 Million | -28.24% |
| 2004-01-31 | $18.83 Million | -4.37% |
| 2003-01-31 | $19.69 Million | +1155.26% |
| 2002-01-31 | $1.57 Million | -72.84% |
| 2001-01-31 | $5.78 Million | -58.76% |
| 2000-01-31 | $14.01 Million | -14.59% |
| 1999-01-31 | $16.40 Million | -11.83% |
| 1998-01-31 | $18.60 Million | +38.81% |
| 1997-01-31 | $13.40 Million | +25.23% |
| 1996-01-31 | $10.70 Million | +17.58% |
| 1995-01-31 | $9.10 Million | +15.19% |
| 1994-01-31 | $7.90 Million | +14.49% |
| 1993-01-31 | $6.90 Million | -14.81% |
| 1992-01-31 | $8.10 Million | 0.00% |
| 1991-01-31 | $8.10 Million | +6.58% |
| 1990-01-31 | $7.60 Million | +13.43% |
| 1989-01-31 | $6.70 Million | +15.52% |
| 1988-01-31 | $5.80 Million | +7.41% |
| 1987-01-31 | $5.40 Million | +1.89% |
| 1986-01-31 | $5.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Covista Communications 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 1098.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2005)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $967.92K | 7.16% |
| Other Components | $51.49 Million | 380.97% |
| Total Equity | $13.51 Million | 100.00% |
Covista Communications Inc Competitors by Market Cap
The table below lists competitors of Covista Communications Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bioelectronics Corp
PINK:BIEL
|
$2.75 |
|
Il2m International Corp
PINK:ILIM
|
$2.76 |
|
Maxx Sports TV Inc
PINK:AMXX
|
$2.78 |
|
Founders Bay Holdings
PINK:FDBH
|
$2.79 |
|
Astra Veda Corporation
PINK:ASTA
|
$2.74 |
|
EQM Technologies & Energy Inc
PINK:EQTE
|
$2.74 |
|
Dragon Capital Grp
PINK:DRGV
|
$2.73 |
|
Stereo Vision Entertainment Inc
PINK:SVSN
|
$2.73 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Covista Communications Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2004 to 2005, total equity changed from 18,832,634 to 13,514,300, a change of -5,318,334 (-28.2%).
- Net loss of 5,332,685 reduced equity.
Equity Change Factors (2004 to 2005)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.33 Million | -39.46% |
| Other Changes | $14.35K | +0.11% |
| Total Change | $- | -28.24% |
Book Value vs Market Value Analysis
This analysis compares Covista Communications 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 |
|---|---|---|---|
| 1986-01-31 | $0.77 | $0.00 | x |
| 1987-01-31 | $0.75 | $0.00 | x |
| 1988-01-31 | $0.97 | $0.00 | x |
| 1989-01-31 | $0.97 | $0.00 | x |
| 1990-01-31 | $1.06 | $0.00 | x |
| 1991-01-31 | $1.07 | $0.00 | x |
| 1992-01-31 | $1.62 | $0.00 | x |
| 1993-01-31 | $1.38 | $0.00 | x |
| 1994-01-31 | $1.25 | $0.00 | x |
| 1995-01-31 | $1.41 | $0.00 | x |
| 1996-01-31 | $1.60 | $0.00 | x |
| 1997-01-31 | $1.93 | $0.00 | x |
| 1998-01-31 | $2.71 | $0.00 | x |
| 1999-01-31 | $2.41 | $0.00 | x |
| 2000-01-31 | $1.98 | $0.00 | x |
| 2001-01-31 | $0.79 | $0.00 | x |
| 2002-01-31 | $0.15 | $0.00 | x |
| 2003-01-31 | $1.49 | $0.00 | x |
| 2004-01-31 | $1.00 | $0.00 | x |
| 2005-01-31 | $0.76 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Covista Communications 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): -39.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.91%
- • Asset Turnover: 2.20x
- • Equity Multiplier: 2.01x
- Recent ROE (-39.46%) is above the historical average (-47.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 16.98% | 10.71% | 1.01x | 1.57x | $370.00K |
| 1987 | 1.85% | 1.14% | 1.05x | 1.56x | $-440.00K |
| 1988 | 5.17% | 2.50% | 1.38x | 1.50x | $-280.00K |
| 1989 | 13.43% | 5.96% | 1.56x | 1.45x | $230.00K |
| 1990 | 13.16% | 5.62% | 1.75x | 1.34x | $240.00K |
| 1991 | 1.23% | 0.79% | 1.19x | 1.31x | $-710.00K |
| 1992 | 3.70% | 2.50% | 1.19x | 1.25x | $-510.00K |
| 1993 | 13.04% | 7.69% | 1.30x | 1.30x | $210.00K |
| 1994 | 15.19% | 6.32% | 1.71x | 1.41x | $410.00K |
| 1995 | 12.09% | 3.69% | 1.97x | 1.66x | $190.00K |
| 1996 | 14.95% | 3.21% | 2.45x | 1.91x | $530.00K |
| 1997 | 19.40% | 2.91% | 2.93x | 2.28x | $1.26 Million |
| 1998 | 5.91% | 0.89% | 3.07x | 2.16x | $-760.00K |
| 1999 | -20.73% | -2.48% | 3.00x | 2.79x | $-5.04 Million |
| 2000 | -67.21% | -6.74% | 3.09x | 3.23x | $-10.81 Million |
| 2001 | -149.37% | -6.48% | 3.41x | 6.77x | $-9.21 Million |
| 2002 | -762.96% | -12.56% | 3.05x | 19.92x | $-12.13 Million |
| 2003 | -47.77% | -9.32% | 1.98x | 2.59x | $-11.38 Million |
| 2004 | -5.01% | -1.12% | 2.06x | 2.17x | $-2.83 Million |
| 2005 | -39.46% | -8.91% | 2.20x | 2.01x | $-6.68 Million |
Industry Comparison
This section compares Covista Communications Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Covista Communications Inc (CVST) | $13.48 Million | 16.98% | 0.80x | $2.74 |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |