Healthcare Integrated Technologies Inc
Healthcare Integrated Technologies, Inc., through its subsidiaries, develops healthcare technology solutions to integrate and automate the continuing care, home care, and professional healthcare spaces in the United States. The company's products portfolio, including SafeSpace, an ambient fall detection solution for continuing care communities and at home use; and SafeGuard, a novel fully ambient… Read more
Healthcare Integrated Technologies Inc (HITC) - Net Assets
Latest net assets as of January 2025: $6.43 Million USD
Based on the latest financial reports, Healthcare Integrated Technologies Inc (HITC) has net assets worth $6.43 Million USD as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.28 Million) and total liabilities ($849.40K). 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 | $6.43 Million |
| % of Total Assets | 88.33% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 554.74 |
Healthcare Integrated Technologies Inc - Net Assets Trend (2013–2024)
This chart illustrates how Healthcare Integrated Technologies 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 Healthcare Integrated Technologies Inc (2013–2024)
The table below shows the annual net assets of Healthcare Integrated Technologies Inc from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | $-293.19K | +55.97% |
| 2023-07-31 | $-665.87K | +72.57% |
| 2022-07-31 | $-2.43 Million | -37.22% |
| 2021-07-31 | $-1.77 Million | +3.96% |
| 2020-07-31 | $-1.84 Million | -4.02% |
| 2019-07-31 | $-1.77 Million | -44.34% |
| 2018-07-31 | $-1.23 Million | -81.97% |
| 2017-07-31 | $-674.23K | -5510.63% |
| 2016-07-31 | $-12.02K | 0.00% |
| 2015-07-31 | $-12.02K | -1090.68% |
| 2014-07-31 | $1.21K | +18.81% |
| 2013-07-31 | $1.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Healthcare Integrated Technologies 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 1630567300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $79.85K | % |
| Other Components | $15.94 Million | % |
| Total Equity | $-293.19K | 100.00% |
Healthcare Integrated Technologies Inc Competitors by Market Cap
The table below lists competitors of Healthcare Integrated Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Q32 Bio Inc
NASDAQ:QTTB
|
$33.88 Million |
|
Metal Sky Star Acquisition Corporation Ordinary shares
NASDAQ:MSSA
|
$33.90 Million |
|
Novacyt S.A
PINK:NVYTF
|
$33.90 Million |
|
CIG PANNONIA LIFE INSURA.
F:0CKA
|
$33.90 Million |
|
Hantech Bio-Technology Co., Ltd.
TWO:1294
|
$33.88 Million |
|
HeXun Biosciences Co., Ltd.
TWO:6986
|
$33.87 Million |
|
Articore Group Ltd
AU:ATG
|
$33.87 Million |
|
Metacon AB
ST:META
|
$33.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Healthcare Integrated Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -665,868 to -293,195, a change of 372,673.
- Net loss of 702,486 reduced equity.
- New share issuances of 550,000 increased equity.
- Other factors increased equity by 525,159.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-702.49K | -239.6% |
| Share Issuances | $550.00K | +187.59% |
| Other Changes | $525.16K | +179.12% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Healthcare Integrated Technologies 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 |
|---|---|---|---|
| 2013-07-31 | $0.00 | $0.28 | x |
| 2014-07-31 | $0.00 | $0.28 | x |
| 2016-07-31 | $0.00 | $0.28 | x |
| 2017-07-31 | $-0.03 | $0.28 | x |
| 2018-07-31 | $-0.04 | $0.28 | x |
| 2019-07-31 | $-0.05 | $0.28 | x |
| 2020-07-31 | $-0.06 | $0.28 | x |
| 2021-07-31 | $-0.05 | $0.28 | x |
| 2022-07-31 | $-0.06 | $0.28 | x |
| 2023-07-31 | $-0.02 | $0.28 | x |
| 2024-07-31 | $0.00 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Healthcare Integrated Technologies 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: -218.16%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1084.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -10553.18% | 0.00% | 0.00x | 4.53x | $-107.85K |
| 2014 | -2457.38% | 0.00% | 0.00x | 19.01x | $-29.93K |
| 2015 | 0.00% | -236.77% | 2.93x | 0.00x | $-345.21K |
| 2016 | 0.00% | -236.77% | 2.93x | 0.00x | $-345.21K |
| 2017 | 0.00% | -325.04% | 8.12x | 0.00x | $-1.26 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.93 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-700.36K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-914.63K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.51 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.57 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.24 Million |
| 2024 | 0.00% | -218.16% | 0.44x | 0.00x | $-673.17K |
Industry Comparison
This section compares Healthcare Integrated Technologies Inc's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Healthcare Integrated Technologies Inc (HITC) | $6.43 Million | -10553.18% | 0.13x | $33.88 Million |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |