Electriq Power Holdings, Inc.
Electriq Power Holdings, Inc. provides turnkey intelligent energy storage and management solutions for homes and small businesses. The company offers PowerPod2, a smart home battery backup system. Its solutions enable cities, municipalities, and utilities to provide constituents with a path to sustainable and resilient sources of energy. The company was founded in 2014 and is based in West Palm B… Read more
Electriq Power Holdings, Inc. (ELIQQ) - Net Assets
Latest net assets as of September 2023: $-2.86 Million USD
Based on the latest financial reports, Electriq Power Holdings, Inc. (ELIQQ) has net assets worth $-2.86 Million USD as of September 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($37.70 Million) and total liabilities ($40.56 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 | $-2.86 Million |
| % of Total Assets | -7.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Electriq Power Holdings, Inc. - Net Assets Trend (2021–2022)
This chart illustrates how Electriq Power 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 Electriq Power Holdings, Inc. (2021–2022)
The table below shows the annual net assets of Electriq Power Holdings, Inc. from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-62.49 Million | -169.82% |
| 2021-12-31 | $-23.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Electriq Power 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 5234925900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $42.50 Million | % |
| Total Equity | $-62.49 Million | 100.00% |
Electriq Power Holdings, Inc. Competitors by Market Cap
The table below lists competitors of Electriq Power Holdings, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Castle Group Inc
PINK:CAGU
|
$3.95K |
|
Shakarganj Ltd
KAR:SML
|
$3.96K |
|
Co2 Capsol AS
OL:CAPSL
|
$3.96K |
|
WDC NETWORKSON NM
SA:WDCN3
|
$3.96K |
|
Haycarb PLC
CM:HAYCN0000
|
$3.94K |
|
BHARAT COKING COAL LTD
NSE:BHARATCOAL
|
$3.94K |
|
Oracle Energy Corp
OTCGREY:OECPF
|
$3.94K |
|
Anexo Group Plc
LSE:ANX
|
$3.93K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Electriq Power Holdings, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -23,160,308 to -62,490,648, a change of -39,330,340.
- Net loss of 52,349,259 reduced equity.
- New share issuances of 133,598 increased equity.
- Other factors increased equity by 12,885,321.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-52.35 Million | -83.77% |
| Share Issuances | $133.60K | +0.21% |
| Other Changes | $12.89 Million | +20.62% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Electriq Power 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $-0.61 | $0.00 | x |
| 2022-12-31 | $-1.64 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Electriq Power 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -327.68%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | -1050.30% | 0.13x | 0.00x | $-33.44 Million |
| 2022 | 0.00% | -327.68% | 0.54x | 0.00x | $-46.10 Million |
Industry Comparison
This section compares Electriq Power Holdings, Inc.'s net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Electriq Power Holdings, Inc. (ELIQQ) | $-2.86 Million | 0.00% | N/A | $3.94K |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |