goeasy Ltd
goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. It operates through two segments, Easyfinancial and Easyhome. The company offers unsecured and secured installment loans; home equity and improvement, secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods,… Read more
goeasy Ltd (EHMEF) - Net Assets
Latest net assets as of September 2025: $1.23 Billion USD
Based on the latest financial reports, goeasy Ltd (EHMEF) has net assets worth $1.23 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.21 Billion) and total liabilities ($4.98 Billion). 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 | $1.23 Billion |
| % of Total Assets | 19.83% |
| Annual Growth Rate | 19.81% |
| 5-Year Change | 170.81% |
| 10-Year Change | 582.19% |
| Growth Volatility | 41.07 |
goeasy Ltd - Net Assets Trend (1994–2024)
This chart illustrates how goeasy Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for goeasy Ltd (1994–2024)
The table below shows the annual net assets of goeasy Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.20 Billion | +13.94% |
| 2023-12-31 | $1.05 Billion | +21.20% |
| 2022-12-31 | $869.69 Million | +10.10% |
| 2021-12-31 | $789.91 Million | +78.10% |
| 2020-12-31 | $443.51 Million | +33.42% |
| 2019-12-31 | $332.42 Million | +10.25% |
| 2018-12-31 | $301.53 Million | +32.11% |
| 2017-12-31 | $228.24 Million | +16.43% |
| 2016-12-31 | $196.03 Million | +11.34% |
| 2015-12-31 | $176.06 Million | +14.35% |
| 2014-12-31 | $153.97 Million | +13.52% |
| 2013-12-31 | $135.63 Million | +29.16% |
| 2012-12-31 | $105.01 Million | +7.66% |
| 2011-12-31 | $97.54 Million | +6.59% |
| 2010-12-31 | $91.51 Million | +6.77% |
| 2009-12-31 | $85.71 Million | -1.08% |
| 2008-12-31 | $86.64 Million | +8.38% |
| 2007-12-31 | $79.95 Million | +15.55% |
| 2006-12-31 | $69.19 Million | +13.24% |
| 2005-12-31 | $61.10 Million | +11.13% |
| 2004-12-31 | $54.98 Million | +18.38% |
| 2003-12-31 | $46.45 Million | +43.27% |
| 2002-12-31 | $32.42 Million | +18.81% |
| 2001-12-31 | $27.29 Million | +16.64% |
| 2000-12-31 | $23.39 Million | -21.50% |
| 1999-12-31 | $29.80 Million | -1.00% |
| 1998-12-31 | $30.10 Million | +18.50% |
| 1997-12-31 | $25.40 Million | -30.41% |
| 1996-12-31 | $36.50 Million | +164.49% |
| 1995-12-31 | $13.80 Million | +160.38% |
| 1994-12-31 | $5.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to goeasy Ltd'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 grown by 158451.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $792.76 Million | 66.00% |
| Common Stock | $438.30 Million | 36.49% |
| Other Comprehensive Income | $-56.94 Million | -4.74% |
| Other Components | $26.94 Million | 2.24% |
| Total Equity | $1.20 Billion | 100.00% |
goeasy Ltd Competitors by Market Cap
The table below lists competitors of goeasy Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MGI Tech Co. Ltd. A
SHG:688114
|
$1.26 Billion |
|
Hangzhou Robam Appliances Co Ltd
SHE:002508
|
$1.26 Billion |
|
Gorman-Rupp Company
NYSE:GRC
|
$1.26 Billion |
|
Hinge Health, Inc.
NYSE:HNGE
|
$1.26 Billion |
|
INTERROLL HLDG NA SF 1
F:I3H
|
$1.25 Billion |
|
Radiant Opto-Electronics Corp
TW:6176
|
$1.25 Billion |
|
Enea S.A.
WAR:ENA
|
$1.25 Billion |
|
JYP Entertainment Corporation
KQ:035900
|
$1.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in goeasy Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,054,077,000 to 1,201,063,000, a change of 146,986,000 (13.9%).
- Net income of 283,110,000 contributed positively to equity growth.
- Dividend payments of 72,772,000 reduced retained earnings.
- Share repurchases of 27,871,000 reduced equity.
- New share issuances of 6,942,000 increased equity.
- Other comprehensive income decreased equity by 47,217,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $283.11 Million | +23.57% |
| Dividends Paid | $72.77 Million | -6.06% |
| Share Repurchases | $27.87 Million | -2.32% |
| Share Issuances | $6.94 Million | +0.58% |
| Other Comprehensive Income | $-47.22 Million | -3.93% |
| Other Changes | $4.79 Million | +0.4% |
| Total Change | $- | 13.94% |
Book Value vs Market Value Analysis
This analysis compares goeasy Ltd'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: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 30.92x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $3.27 | $101.07 | x |
| 1995-12-31 | $7.61 | $101.07 | x |
| 1996-12-31 | $14.04 | $101.07 | x |
| 1997-12-31 | $7.01 | $101.07 | x |
| 1998-12-31 | $8.60 | $101.07 | x |
| 1999-12-31 | $9.23 | $101.07 | x |
| 2000-12-31 | $7.06 | $101.07 | x |
| 2001-12-31 | $3.89 | $101.07 | x |
| 2002-12-31 | $4.46 | $101.07 | x |
| 2003-12-31 | $6.24 | $101.07 | x |
| 2004-12-31 | $5.47 | $101.07 | x |
| 2005-12-31 | $5.92 | $101.07 | x |
| 2006-12-31 | $6.62 | $101.07 | x |
| 2007-12-31 | $7.58 | $101.07 | x |
| 2008-12-31 | $8.16 | $101.07 | x |
| 2009-12-31 | $8.11 | $101.07 | x |
| 2010-12-31 | $8.72 | $101.07 | x |
| 2011-12-31 | $8.17 | $101.07 | x |
| 2012-12-31 | $8.75 | $101.07 | x |
| 2013-12-31 | $11.02 | $101.07 | x |
| 2014-12-31 | $11.04 | $101.07 | x |
| 2015-12-31 | $12.54 | $101.07 | x |
| 2016-12-31 | $14.09 | $101.07 | x |
| 2017-12-31 | $15.42 | $101.07 | x |
| 2018-12-31 | $19.24 | $101.07 | x |
| 2019-12-31 | $20.70 | $101.07 | x |
| 2020-12-31 | $28.15 | $101.07 | x |
| 2021-12-31 | $47.14 | $101.07 | x |
| 2022-12-31 | $52.23 | $101.07 | x |
| 2023-12-31 | $61.58 | $101.07 | x |
| 2024-12-31 | $69.16 | $101.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently goeasy Ltd 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): 23.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.59%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 4.32x
- Recent ROE (23.57%) is above the historical average (12.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 8.16% | 7.84% | 0.68x | 1.53x | $-90.00K |
| 1995 | 13.14% | 6.41% | 1.17x | 1.75x | $430.00K |
| 1996 | 17.58% | 12.75% | 0.82x | 1.68x | $2.76 Million |
| 1997 | 11.42% | 9.27% | 0.39x | 3.16x | $360.00K |
| 1998 | 18.60% | 7.42% | 0.99x | 2.54x | $2.59 Million |
| 1999 | 6.04% | 2.40% | 1.11x | 2.26x | $-1.18 Million |
| 2000 | -27.38% | -9.51% | 1.16x | 2.49x | $-8.74 Million |
| 2001 | -6.85% | -2.76% | 1.22x | 2.03x | $-4.60 Million |
| 2002 | 8.08% | 3.61% | 1.24x | 1.80x | $-624.10K |
| 2003 | 8.67% | 5.16% | 1.27x | 1.33x | $-617.80K |
| 2004 | 15.92% | 9.89% | 1.28x | 1.26x | $3.25 Million |
| 2005 | 9.29% | 5.51% | 1.32x | 1.28x | $-432.10K |
| 2006 | 12.98% | 7.51% | 1.23x | 1.40x | $2.06 Million |
| 2007 | 14.62% | 8.13% | 1.24x | 1.45x | $3.69 Million |
| 2008 | 10.35% | 5.52% | 1.18x | 1.59x | $307.50K |
| 2009 | 5.90% | 2.92% | 1.27x | 1.59x | $-3.52 Million |
| 2010 | 6.64% | 3.49% | 1.25x | 1.52x | $-3.08 Million |
| 2011 | 9.85% | 5.10% | 1.18x | 1.63x | $-142.20K |
| 2012 | 10.53% | 5.54% | 1.05x | 1.81x | $555.70K |
| 2013 | 10.46% | 6.48% | 0.94x | 1.72x | $618.70K |
| 2014 | 12.83% | 7.62% | 0.81x | 2.07x | $4.35 Million |
| 2015 | 13.48% | 7.80% | 0.73x | 2.38x | $6.12 Million |
| 2016 | 15.84% | 8.93% | 0.69x | 2.57x | $11.45 Million |
| 2017 | 15.83% | 8.99% | 0.54x | 3.28x | $13.31 Million |
| 2018 | 17.62% | 10.49% | 0.48x | 3.50x | $22.97 Million |
| 2019 | 19.36% | 10.56% | 0.46x | 3.97x | $31.11 Million |
| 2020 | 30.78% | 20.91% | 0.43x | 3.39x | $92.15 Million |
| 2021 | 31.01% | 29.63% | 0.32x | 3.29x | $165.95 Million |
| 2022 | 16.12% | 13.75% | 0.31x | 3.80x | $53.19 Million |
| 2023 | 23.52% | 19.83% | 0.30x | 3.95x | $142.49 Million |
| 2024 | 23.57% | 18.59% | 0.29x | 4.32x | $163.00 Million |
Industry Comparison
This section compares goeasy Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $53,145,153,302
- Average return on equity (ROE) among peers: -26.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| goeasy Ltd (EHMEF) | $1.23 Billion | 8.16% | 4.04x | $1.25 Billion |
| Accord Financial Corp (ACCFF) | $21.70 Million | 19.82% | 0.65x | $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 | $12.41 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $134.44 Million | 12.11% | 24.42x | $1.44 Billion |
| Aiful Corp (AIFLF) | $201.41 Billion | 10.83% | 5.29x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $725.64 Million | -41.91% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $36.76 Million | -14.00% | 0.54x | $2.57 Million |
| Ally Financial Inc (ALLY) | $19.28 Billion | -0.81% | 8.55x | $10.41 Billion |
| Alpha Investment Inc (ALPC) | $607.43K | -264.75% | 4.98x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $46.38 Million | 9.47% | 26.05x | $14.87 Million |