ICOA Inc
ICOA, Inc. provides neutral-host wireless and wired broadband Internet services in the United States. It offers back office solutions for hotspot operators and wireless service providers. The company also provides network advisory services, as well as procures, configures, and installs network equipment; and equipment, administration, billing, business intelligence, and content management flexibi… Read more
ICOA Inc (ICOA) - Net Assets
Latest net assets as of March 2015: $-15.04 Million USD
Based on the latest financial reports, ICOA Inc (ICOA) has net assets worth $-15.04 Million USD as of March 2015.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($34.73K) and total liabilities ($15.08 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 | $-15.04 Million |
| % of Total Assets | -43304.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
ICOA Inc - Net Assets Trend (2001–2022)
This chart illustrates how ICOA 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 ICOA Inc (2001–2022)
The table below shows the annual net assets of ICOA Inc from 2001 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-617.25K | -100.13% |
| 2021-12-31 | $483.09 Million | +15354.12% |
| 2020-12-31 | $-3.17 Million | +78.40% |
| 2014-12-31 | $-14.66 Million | -7.94% |
| 2013-12-31 | $-13.58 Million | -9.45% |
| 2012-12-31 | $-12.41 Million | -22.16% |
| 2011-12-31 | $-10.16 Million | +3.19% |
| 2010-12-31 | $-10.49 Million | +10.00% |
| 2009-12-31 | $-11.66 Million | -5.48% |
| 2008-12-31 | $-11.05 Million | -160.54% |
| 2005-12-31 | $-4.24 Million | +21.62% |
| 2004-12-31 | $-5.41 Million | -80.66% |
| 2003-12-31 | $-3.00 Million | +12.50% |
| 2002-12-31 | $-3.42 Million | -61.25% |
| 2001-12-31 | $-2.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ICOA 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 50792703500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $618.35K | % |
| Other Components | $514.58 Million | % |
| Total Equity | $-617.25K | 100.00% |
ICOA Inc Competitors by Market Cap
The table below lists competitors of ICOA Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
On4 Communications Inc
PINK:ONCI
|
$0.96 |
|
Suspect Detection Systems Inc
PINK:SDSS
|
$0.96 |
|
SYXZF
PINK:SYXZF
|
$0.96 |
|
One World Ventures Inc
PINK:OWVI
|
$0.96 |
|
All World Resources Corporation
PINK:AWRS
|
$0.96 |
|
Sunset Capital Assets Inc
PINK:SNST
|
$0.95 |
|
Thresher Industries Inc
PINK:THRR
|
$0.95 |
|
Firma Holdings Corp
PINK:FRMA
|
$0.95 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ICOA Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 483,094,665 to -617,248, a change of -483,711,913 (-100.1%).
- Net loss of 490,766,698 reduced equity.
- Other comprehensive income decreased equity by 2,000.
- Other factors increased equity by 7,056,785.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-490.77 Million | -79508.84% |
| Other Comprehensive Income | $-2.00K | -0.32% |
| Other Changes | $7.06 Million | +1143.27% |
| Total Change | $- | -100.13% |
Book Value vs Market Value Analysis
This analysis compares ICOA 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 |
|---|---|---|---|
| 2001-12-31 | $-0.21 | $0.00 | x |
| 2002-12-31 | $-0.21 | $0.00 | x |
| 2003-12-31 | $-0.14 | $0.00 | x |
| 2004-12-31 | $-0.20 | $0.00 | x |
| 2005-12-31 | $-0.08 | $0.00 | x |
| 2008-12-31 | $0.00 | $0.00 | x |
| 2009-12-31 | $0.00 | $0.00 | x |
| 2010-12-31 | $0.00 | $0.00 | x |
| 2011-12-31 | $0.00 | $0.00 | x |
| 2012-12-31 | $0.00 | $0.00 | x |
| 2013-12-31 | $0.00 | $0.00 | x |
| 2014-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $0.00 | $0.00 | x |
| 2021-12-31 | $0.08 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ICOA 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: -5487.96%
- • Asset Turnover: 1.81x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | -3196.55% | 0.05x | 0.00x | $-2.35 Million |
| 2002 | 0.00% | -537.10% | 0.27x | 0.00x | $-1.05 Million |
| 2003 | 0.00% | -238.51% | 0.29x | 0.00x | $-475.07K |
| 2004 | 0.00% | -335.02% | 0.69x | 0.00x | $-3.38 Million |
| 2005 | 0.00% | -373.09% | 0.41x | 0.00x | $-8.81 Million |
| 2008 | 0.00% | -240.61% | 2.99x | 0.00x | $-1.55 Million |
| 2009 | 0.00% | -225.74% | 1.29x | 0.00x | $351.55K |
| 2010 | 0.00% | -617694.30% | 0.60x | 0.00x | $-839.04 Million |
| 2011 | 0.00% | 1203.48% | 1.47x | 0.00x | $2.18 Million |
| 2012 | 0.00% | -1822.42% | 3.35x | 0.00x | $-1.04 Million |
| 2013 | 0.00% | -1066.75% | 2.48x | 0.00x | $185.15K |
| 2014 | 0.00% | -1213.62% | 2.51x | 0.00x | $387.87K |
| 2020 | 0.00% | -232.62% | 4.23x | 0.00x | $252.93K |
| 2021 | 0.81% | 170.57% | 0.00x | 1.00x | $-44.39 Million |
| 2022 | 0.00% | -5487.96% | 1.81x | 0.00x | $-490.70 Million |
Industry Comparison
This section compares ICOA Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ICOA Inc (ICOA) | $-15.04 Million | 0.00% | N/A | $0.96 |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |