Blast Applications
Italian Food & Beverage Corp. imports, exports, merchants, distributes, and deals fine wine and food products. The company is based in Plainview, New York.
Blast Applications (IFBC) - Net Assets
Latest net assets as of March 2025: $-160.07K USD
Based on the latest financial reports, Blast Applications (IFBC) has net assets worth $-160.07K USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($215.58K) and total liabilities ($375.64K). 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 | $-160.07K |
| % of Total Assets | -74.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | -141.5% |
| 10-Year Change | N/A |
| Growth Volatility | 95.28 |
Blast Applications - Net Assets Trend (2014–2024)
This chart illustrates how Blast Applications's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blast Applications (2014–2024)
The table below shows the annual net assets of Blast Applications from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-130.70K | -61.79% |
| 2023-12-31 | $-80.78K | -5.60% |
| 2022-12-31 | $-76.50K | +74.09% |
| 2020-12-31 | $-295.29K | -193.76% |
| 2019-12-31 | $314.95K | +87.22% |
| 2018-12-31 | $168.22K | -73.13% |
| 2017-12-31 | $626.01K | +40.83% |
| 2016-12-31 | $444.51K | -64.65% |
| 2015-12-31 | $1.26 Million | +46.97% |
| 2014-12-31 | $855.56K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blast Applications'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 328663500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $119.94K | % |
| Other Components | $8.06 Million | % |
| Total Equity | $-151.03K | 100.00% |
Blast Applications Competitors by Market Cap
The table below lists competitors of Blast Applications ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOURIST COMPANY OF NIGERIA PLC
XNSA:TOURIST
|
$14.98 |
|
Spirit Blockchain Capital Inc.
F:JN9
|
$15.23 |
|
Medco Holdings Inc
PSE:MED
|
$15.52 |
|
FIRST MUTUAL PROPERTIES LIMITED
XZIM:FMP
|
$15.57 |
|
Bell Rose Capital Inc
PINK:BELR
|
$14.81 |
|
Xmet Inc
PINK:XMTTF
|
$14.78 |
|
China Zhong Qi Holdings Ltd
PINK:CHZQ
|
$14.77 |
|
Arian Silver Corporation
STU:I3A1
|
$14.76 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blast Applications's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -108,963 to -151,032, a change of -42,069.
- Net loss of 102,369 reduced equity.
- Other comprehensive income increased equity by 123,338.
- Other factors decreased equity by 63,038.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-102.37K | -67.78% |
| Other Comprehensive Income | $123.34K | +81.66% |
| Other Changes | $-63.04K | -41.74% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Blast Applications'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 |
|---|---|---|---|
| 2014-12-31 | $0.00 | $0.00 | x |
| 2015-12-31 | $0.00 | $0.00 | x |
| 2016-12-31 | $0.00 | $0.00 | x |
| 2017-12-31 | $0.00 | $0.00 | x |
| 2018-12-31 | $0.00 | $0.00 | x |
| 2019-12-31 | $0.00 | $0.00 | x |
| 2020-12-31 | $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 Blast Applications 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: -79.96%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-26.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.42% | 3.51% | 0.47x | 1.48x | $-64.83K |
| 2015 | -36.20% | -52.64% | 0.53x | 1.30x | $-580.91K |
| 2016 | -98.00% | -30.24% | 1.79x | 1.81x | $-480.08K |
| 2017 | -29.90% | -14.77% | 1.24x | 1.64x | $-249.78K |
| 2018 | -80.22% | -46.12% | 0.76x | 2.30x | $-151.78K |
| 2019 | -22.27% | -14.88% | 0.88x | 1.71x | $-101.63K |
| 2020 | 0.00% | -145.35% | 0.49x | 0.00x | $-105.45K |
| 2022 | 0.00% | -366.02% | 0.45x | 0.00x | $-373.62K |
| 2023 | 0.00% | -291.35% | 0.59x | 0.00x | $-454.96K |
| 2024 | 0.00% | -79.96% | 0.54x | 0.00x | $-87.27K |
Industry Comparison
This section compares Blast Applications's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $91,942,689,968
- Average return on equity (ROE) among peers: -129.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blast Applications (IFBC) | $-160.07K | 2.42% | N/A | $14.86 |
| Embotelladora Andina S.A (AKO-B) | $919.00 Billion | 8.21% | 1.47x | $4.29 Billion |
| Alkame Holdings Inc (ALKM) | $-39.16K | 0.00% | 0.00x | $549.92K |
| Apple Rush Company (APRU) | $52.46K | -1399.10% | 30.30x | $11.05 |
| Signet International Holdings Inc (AQPW) | $129.01K | -179.65% | 2.11x | $740.86K |
| A1 Group Inc (AWON) | $-124.65K | 0.00% | 0.00x | $25.26 |
| A.G. BARR p.l.c (BAGFF) | $292.70 Million | 13.15% | 0.37x | $578.72 Million |
| Blue Gem Enterprise (BGEM) | $10.00K | -60.00% | 0.00x | $0.96 |
| Barfresh Food Group Inc (BRFH) | $1.07 Million | -353.23% | 2.45x | $18.15 Million |
| Britvic plc (BTVCF) | $134.97 Million | 107.94% | 12.26x | $3.84 Billion |
| Buda Juice, Inc. (BUDA) | $401.00K | 564.09% | 6.39x | $21.46 Million |