Ethema Health Corp
Ethema Health Corporation operates behavioral healthcare space for the treatment of substance use disorders in the United States. The company offers rehabilitation services. The company was formerly known as GreeneStone Healthcare Corporation and changed its name to Ethema Health Corporation in April 2017. Ethema Health Corporation is based in West Palm Beach, Florida.
Ethema Health Corp (GRST) - Net Assets
Latest net assets as of September 2025: $-8.57 Million USD
Based on the latest financial reports, Ethema Health Corp (GRST) has net assets worth $-8.57 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.27 Million) and total liabilities ($38.84 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 | $-8.57 Million |
| % of Total Assets | -28.32% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 65.55 |
Ethema Health Corp - Net Assets Trend (1999–2024)
This chart illustrates how Ethema Health Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ethema Health Corp (1999–2024)
The table below shows the annual net assets of Ethema Health Corp from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-7.46 Million | -20.29% |
| 2023-12-31 | $-6.20 Million | +29.80% |
| 2022-12-31 | $-8.83 Million | +6.59% |
| 2021-12-31 | $-9.46 Million | +35.35% |
| 2020-12-31 | $-14.63 Million | +26.94% |
| 2019-12-31 | $-20.02 Million | -159.47% |
| 2018-12-31 | $-7.72 Million | -334.54% |
| 2017-12-31 | $-1.78 Million | +44.11% |
| 2016-12-31 | $-3.18 Million | -1.42% |
| 2015-12-31 | $-3.13 Million | -14.72% |
| 2014-12-31 | $-2.73 Million | +12.05% |
| 2013-12-31 | $-3.10 Million | +9.66% |
| 2012-12-31 | $-3.44 Million | -16.66% |
| 2011-12-31 | $-2.95 Million | -350.68% |
| 2010-12-31 | $-653.66K | -276.67% |
| 2009-12-31 | $-173.54K | -29.68% |
| 2008-12-31 | $-133.82K | -85.74% |
| 2007-12-31 | $-72.05K | -103.39% |
| 2002-12-31 | $2.12 Million | -52.59% |
| 2001-12-31 | $4.48 Million | -27.04% |
| 2000-12-31 | $6.14 Million | +76.44% |
| 1999-12-31 | $3.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ethema Health Corp'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 13560.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $77.29 Million | % |
| Other Comprehensive Income | $-65.36 Million | % |
| Other Components | $25.03 Million | % |
| Total Equity | $-7.46 Million | 100.00% |
Ethema Health Corp Competitors by Market Cap
The table below lists competitors of Ethema Health Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Emmerson Resources Limited
PINK:EMMRF
|
$1.42 Million |
|
Hod Assaf Industries Ltd
TA:HOD
|
$1.42 Million |
|
Stelar Metals Ltd
AU:SLB
|
$1.42 Million |
|
Evergreen Lithium Ltd
AU:EG1
|
$1.42 Million |
|
Falmaco Nonwoven Industri PT Tbk
JK:FLMC
|
$1.42 Million |
|
Xstate Resources Ltd
AU:XST
|
$1.42 Million |
|
BEL FUSE-B
BE:BF2B
|
$1.42 Million |
|
Grande Armee Investissement SA
PA:MLGAI
|
$1.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ethema Health Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -6,200,280 to -7,458,567, a change of -1,258,287.
- Net loss of 2,064,000 reduced equity.
- New share issuances of 200,250 increased equity.
- Other comprehensive income decreased equity by 38,000,000.
- Other factors increased equity by 38,605,463.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.06 Million | -27.67% |
| Share Issuances | $200.25K | +2.68% |
| Other Comprehensive Income | $-38.00 Million | -509.48% |
| Other Changes | $38.61 Million | +517.6% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Ethema Health Corp'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 |
|---|---|---|---|
| 1999-12-31 | $43.50 | $0.00 | x |
| 2000-12-31 | $76.63 | $0.00 | x |
| 2001-12-31 | $56.13 | $0.00 | x |
| 2006-12-31 | $-0.02 | $0.00 | x |
| 2007-12-31 | $-0.01 | $0.00 | x |
| 2008-12-31 | $-0.03 | $0.00 | x |
| 2009-12-31 | $-0.03 | $0.00 | x |
| 2010-12-31 | $-0.13 | $0.00 | x |
| 2011-12-31 | $-0.40 | $0.00 | x |
| 2012-12-31 | $-0.18 | $0.00 | x |
| 2013-12-31 | $-0.09 | $0.00 | x |
| 2014-12-31 | $-0.06 | $0.00 | x |
| 2015-12-31 | $-0.07 | $0.00 | x |
| 2016-12-31 | $-0.07 | $0.00 | x |
| 2017-12-31 | $-0.01 | $0.00 | x |
| 2018-12-31 | $-0.06 | $0.00 | x |
| 2019-12-31 | $-0.13 | $0.00 | x |
| 2020-12-31 | $-0.01 | $0.00 | x |
| 2021-12-31 | $0.00 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
| 2024-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ethema Health Corp 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: -34.30%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 60.63% | 12.76% | 2.91x | 1.63x | $1.76 Million |
| 2000 | 43.23% | 14.38% | 2.80x | 1.07x | $2.04 Million |
| 2001 | -136.30% | -126.97% | 0.96x | 1.12x | $-6.57 Million |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-333.40K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-54.30K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-907.10 |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-22.37K |
| 2010 | 0.00% | -244.24% | 0.39x | 0.00x | $-401.63K |
| 2011 | 0.00% | -148.72% | 1.80x | 0.00x | $-2.20 Million |
| 2012 | 0.00% | -26.78% | 4.93x | 0.00x | $-1.14 Million |
| 2013 | 0.00% | -95.71% | 3.09x | 0.00x | $-3.22 Million |
| 2014 | 0.00% | -55.62% | 3.01x | 0.00x | $-1.63 Million |
| 2015 | 0.00% | -36.80% | 6.64x | 0.00x | $-841.75K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $56.71K |
| 2017 | 0.00% | -147.19% | 0.08x | 0.00x | $-1.19 Million |
| 2018 | 0.00% | -1891.03% | 0.03x | 0.00x | $-7.41 Million |
| 2019 | 0.00% | -4156.96% | 0.11x | 0.00x | $-12.96 Million |
| 2020 | 0.00% | 910.04% | 0.09x | 0.00x | $4.62 Million |
| 2021 | 0.00% | -79.41% | 0.30x | 0.00x | $-515.17K |
| 2022 | 0.00% | 5.14% | 0.73x | 0.00x | $1.22 Million |
| 2023 | 0.00% | 22.02% | 0.46x | 0.00x | $1.80 Million |
| 2024 | 0.00% | -34.30% | 0.49x | 0.00x | $-1.32 Million |
Industry Comparison
This section compares Ethema Health Corp's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $250,407,165
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ethema Health Corp (GRST) | $-8.57 Million | 60.63% | N/A | $1.42 Million |
| Addus HomeCare Corporation (ADUS) | $113.86 Million | 16.82% | 0.44x | $1.75 Billion |
| agilon health Inc (AGL) | $126.73 Million | -319.84% | 9.03x | $166.17 Million |
| Airsculpt Technologies Inc (AIRS) | $123.68 Million | 6.13% | 0.45x | $16.62 Million |
| Amedisys Inc (AMED) | $454.23 Million | -18.40% | 0.61x | $3.26 Billion |
| AMN Healthcare Services Inc (AMN) | $347.86 Million | 23.54% | 1.53x | $624.22 Million |
| American Shared Hospital Service (AMS) | $20.85 Million | 8.48% | 1.33x | $7.93 Million |
| American Oncology Network Inc. (AONC) | $226.04 Million | -0.05% | 0.10x | $112.23 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.08 Billion | 4.65% | 3.71x | $225.22 Million |
| Arem Pacific Corporation (ARPC) | $-45.09K | 0.00% | 0.00x | $246.12K |
| Astrana Health Inc (ASTH) | $8.55 Million | -109.27% | 1.29x | $1.08 Billion |