Glassbridge Enterprises Inc
GlassBridge Enterprises, Inc., through its subsidiaries, owns and operates an asset management business in the United States. It offers investment advisory services to third party investors through managed funds separate managed accounts. The company was formerly known as Imation Corp. and changed its name to GlassBridge Enterprises, Inc. in February 2017. GlassBridge Enterprises, Inc. was incorp… Read more
Glassbridge Enterprises Inc (GLAE) - Net Assets
Latest net assets as of September 2023: $5.80 Million USD
Based on the latest financial reports, Glassbridge Enterprises Inc (GLAE) has net assets worth $5.80 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 ($23.30 Million) and total liabilities ($17.50 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 | $5.80 Million |
| % of Total Assets | 24.89% |
| Annual Growth Rate | -16.24% |
| 5-Year Change | N/A |
| 10-Year Change | -97.56% |
| Growth Volatility | 49.0 |
Glassbridge Enterprises Inc - Net Assets Trend (1994–2022)
This chart illustrates how Glassbridge Enterprises 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 Glassbridge Enterprises Inc (1994–2022)
The table below shows the annual net assets of Glassbridge Enterprises Inc from 1994 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $9.10 Million | -24.79% |
| 2021-12-31 | $12.10 Million | +259.21% |
| 2020-12-31 | $-7.60 Million | -124.28% |
| 2019-12-31 | $31.30 Million | +261.34% |
| 2018-12-31 | $-19.40 Million | +27.34% |
| 2017-12-31 | $-26.70 Million | -5.53% |
| 2016-12-31 | $-25.30 Million | -203.69% |
| 2015-12-31 | $24.40 Million | -89.87% |
| 2014-12-31 | $240.80 Million | -35.48% |
| 2013-12-31 | $373.20 Million | -6.79% |
| 2012-12-31 | $400.40 Million | -44.67% |
| 2011-12-31 | $723.70 Million | -7.42% |
| 2010-12-31 | $781.70 Million | -15.69% |
| 2009-12-31 | $927.20 Million | -1.84% |
| 2008-12-31 | $944.60 Million | -10.36% |
| 2007-12-31 | $1.05 Billion | +11.36% |
| 2006-12-31 | $946.30 Million | +10.64% |
| 2005-12-31 | $855.30 Million | +8.71% |
| 2004-12-31 | $786.80 Million | -4.08% |
| 2003-12-31 | $820.30 Million | +11.08% |
| 2002-12-31 | $738.50 Million | +12.63% |
| 2001-12-31 | $655.70 Million | -1.03% |
| 2000-12-31 | $662.50 Million | -8.66% |
| 1999-12-31 | $725.30 Million | -4.70% |
| 1998-12-31 | $761.10 Million | +11.57% |
| 1997-12-31 | $682.20 Million | -26.67% |
| 1996-12-31 | $930.30 Million | -19.01% |
| 1995-12-31 | $1.15 Billion | -11.64% |
| 1994-12-31 | $1.30 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Glassbridge Enterprises 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 103900000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.05 Billion | 11517.58% |
| Total Equity | $9.10 Million | 100.00% |
Glassbridge Enterprises Inc Competitors by Market Cap
The table below lists competitors of Glassbridge Enterprises Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NAM.R S.A. EO -20
F:8GQ
|
$440.22K |
|
PCI Biotech Holding ASA
OL:PCIB
|
$440.48K |
|
MENSCH UND MASCHINE
BE:MUM
|
$440.80K |
|
Sileon AB (publ)
F:7PN
|
$441.13K |
|
Lifecare AS
OL:LIFE
|
$439.42K |
|
Golden House
TA:GOHO
|
$439.29K |
|
Fram Skandinavien AB Series B
ST:FRAM-B
|
$438.71K |
|
US BANCORP - Dusseldorf Stock Exchang
DU:UB5
|
$438.46K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glassbridge Enterprises Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 12,100,000 to 9,100,000, a change of -3,000,000 (-24.8%).
- Net loss of 3,000,000 reduced equity.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.00 Million | -32.97% |
| Total Change | $- | -24.79% |
Book Value vs Market Value Analysis
This analysis compares Glassbridge Enterprises 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: 0.07x
- 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 |
|---|---|---|---|
| 1994-12-31 | $51650.84 | $25.00 | x |
| 1995-12-31 | $45639.48 | $25.00 | x |
| 1996-12-31 | $43944.26 | $25.00 | x |
| 1997-12-31 | $34367.76 | $25.00 | x |
| 1998-12-31 | $38536.71 | $25.00 | x |
| 1999-12-31 | $38579.79 | $25.00 | x |
| 2000-12-31 | $39147.91 | $25.00 | x |
| 2001-12-31 | $38570.59 | $25.00 | x |
| 2002-12-31 | $41498.09 | $25.00 | x |
| 2003-12-31 | $45215.52 | $25.00 | x |
| 2004-12-31 | $44202.25 | $25.00 | x |
| 2005-12-31 | $49439.31 | $25.00 | x |
| 2006-12-31 | $53767.05 | $25.00 | x |
| 2007-12-31 | $56962.16 | $25.00 | x |
| 2008-12-31 | $50378.67 | $25.00 | x |
| 2009-12-31 | $49450.67 | $25.00 | x |
| 2010-12-31 | $41359.79 | $25.00 | x |
| 2011-12-31 | $38392.57 | $25.00 | x |
| 2012-12-31 | $21354.67 | $25.00 | x |
| 2013-12-31 | $18429.63 | $25.00 | x |
| 2014-12-31 | $11746.34 | $25.00 | x |
| 2015-12-31 | $1220.00 | $25.00 | x |
| 2016-12-31 | $-1367.57 | $25.00 | x |
| 2017-12-31 | $-936.17 | $25.00 | x |
| 2018-12-31 | $-760.78 | $25.00 | x |
| 2019-12-31 | $223.53 | $25.00 | x |
| 2020-12-31 | $-1203.81 | $25.00 | x |
| 2021-12-31 | $476.38 | $25.00 | x |
| 2022-12-31 | $344.70 | $25.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glassbridge Enterprises 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): -32.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3000.00%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.60x
- Recent ROE (-32.97%) is below the historical average (-13.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 4.18% | 2.38% | 1.36x | 1.29x | $-75.70 Million |
| 1995 | -7.40% | -3.79% | 1.46x | 1.34x | $-199.87 Million |
| 1996 | -2.20% | -0.90% | 1.46x | 1.68x | $-113.53 Million |
| 1997 | -26.40% | -11.99% | 0.90x | 2.44x | $-248.32 Million |
| 1998 | 7.50% | 4.30% | 1.01x | 1.73x | $-19.01 Million |
| 1999 | 6.05% | 3.11% | 1.25x | 1.55x | $-28.63 Million |
| 2000 | -0.66% | -0.38% | 1.19x | 1.49x | $-70.65 Million |
| 2001 | -0.26% | -0.15% | 1.06x | 1.61x | $-67.27 Million |
| 2002 | 10.17% | 7.04% | 0.95x | 1.52x | $1.25 Million |
| 2003 | 10.00% | 7.05% | 0.99x | 1.43x | $-30.00K |
| 2004 | 3.80% | 2.55% | 1.06x | 1.41x | $-48.78 Million |
| 2005 | 10.28% | 6.99% | 1.10x | 1.34x | $2.37 Million |
| 2006 | 8.07% | 4.82% | 1.15x | 1.46x | $-18.23 Million |
| 2007 | -4.78% | -2.44% | 1.18x | 1.66x | $-155.78 Million |
| 2008 | -3.53% | -1.68% | 1.29x | 1.63x | $-127.76 Million |
| 2009 | -4.55% | -2.56% | 1.18x | 1.50x | $-134.92 Million |
| 2010 | -20.28% | -10.85% | 1.17x | 1.60x | $-236.67 Million |
| 2011 | -6.45% | -4.00% | 1.02x | 1.59x | $-119.07 Million |
| 2012 | -85.09% | -33.84% | 1.27x | 1.98x | $-380.74 Million |
| 2013 | -11.90% | -5.16% | 1.34x | 1.72x | $-81.72 Million |
| 2014 | -47.63% | -15.72% | 1.46x | 2.07x | $-138.78 Million |
| 2015 | -795.08% | -308.92% | 0.37x | 6.90x | $-196.44 Million |
| 2016 | 0.00% | -283.90% | 0.62x | 0.00x | $-122.67 Million |
| 2017 | 0.00% | -23.01% | 0.91x | 0.00x | $-6.20 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $6.04 Million |
| 2019 | 354.39% | 20200.00% | 0.00x | 13.40x | $19.63 Million |
| 2020 | 0.00% | -12460.00% | 0.02x | 0.00x | $-59.27 Million |
| 2021 | 239.67% | 29000.00% | 0.01x | 1.42x | $27.79 Million |
| 2022 | -32.97% | -3000.00% | 0.01x | 1.60x | $-3.91 Million |
Industry Comparison
This section compares Glassbridge Enterprises Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glassbridge Enterprises Inc (GLAE) | $5.80 Million | 4.18% | 3.02x | $439.77K |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |