Ecrid Inc
Ecrid, Inc. operates a credit evaluation platform in the United States. The company offers home, auto, and personal loans; guaranteed approval secured credit; and credit cards, watches, key chains, and bracelets. It also provides online bill payment services to its customers to secure and protect their financial data, eliminating any credit bureau from having access to its members' credit payment… Read more
Ecrid Inc (ECDD) - Net Assets
Latest net assets as of September 2022: $-32.14K USD
Based on the latest financial reports, Ecrid Inc (ECDD) has net assets worth $-32.14K USD as of September 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.65K) and total liabilities ($58.79K). 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 | $-32.14K |
| % of Total Assets | -120.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Ecrid Inc - Net Assets Trend (2020–2022)
This chart illustrates how Ecrid 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 Ecrid Inc (2020–2022)
The table below shows the annual net assets of Ecrid Inc from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-03-31 | $-12.48K | -24172.93% |
| 2020-03-31 | $51.83 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ecrid 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 305292200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $28.89K | % |
| Other Components | $9.38 Million | % |
| Total Equity | $-12.48K | 100.00% |
Ecrid Inc Competitors by Market Cap
The table below lists competitors of Ecrid Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bistos Co. Ltd.
KO:419540
|
$6.25K |
|
Hai Duong Pump Manufacturing JSC
VN:CTB
|
$6.25K |
|
NEW FRONTIER VENT. INC.
F:S1O
|
$6.26K |
|
Hayleys PLC
CM:HAYLN0000
|
$6.26K |
|
Auscrete Corp
PINK:ASCK
|
$6.25K |
|
AyalaLand REIT Inc.
PSE:AREIT
|
$6.24K |
|
Peninsula Energy Limited
OTCQB:PENMD
|
$6.23K |
|
Smart for Life, Inc. Common Stock
NASDAQ:SMFL
|
$6.23K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ecrid Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 35,632 to -12,477, a change of -48,109 (-135.0%).
- Net loss of 1,718,575 reduced equity.
- Other comprehensive income increased equity by 1,035,000.
- Other factors increased equity by 635,466.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.72 Million | -13773.94% |
| Other Comprehensive Income | $1.03 Million | +8295.26% |
| Other Changes | $635.47K | +5093.1% |
| Total Change | $- | -135.02% |
Book Value vs Market Value Analysis
This analysis compares Ecrid 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 |
|---|---|---|---|
| 2018-03-31 | $0.00 | $0.00 | x |
| 2019-03-31 | $0.00 | $0.00 | x |
| 2020-03-31 | $0.00 | $0.00 | x |
| 2021-03-31 | $0.00 | $0.00 | x |
| 2022-03-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ecrid 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-44177.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-28.95K |
| 2018 | -107380.35% | 0.00% | 0.00x | 1.00x | $-51.16K |
| 2019 | -35553.61% | 0.00% | 0.00x | 1.00x | $-26.34K |
| 2020 | -100779.47% | 0.00% | 0.00x | 1.31x | $-52.24K |
| 2021 | -21354.40% | 0.00% | 0.00x | 1.00x | $-7.61 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.72 Million |
Industry Comparison
This section compares Ecrid Inc's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ecrid Inc (ECDD) | $-32.14K | 0.00% | N/A | $6.25K |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |