Legible Inc
Legible Inc. operates as an eBook entertainment and media company. The company develops and distributes reading and publishing platform; and operates a browser-based bookstore for readers, publishers, and authors. It offers Legible Unbound, a platform for unlimited listening and reading; Living Cookbook, cookbooks by former supermodel, author, TV host, and celebrity chef; Living Books, media livi… Read more
Legible Inc (LEBGF) - Net Assets
Latest net assets as of December 2024: $-6.08 Million USD
Based on the latest financial reports, Legible Inc (LEBGF) has net assets worth $-6.08 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($69.02K) and total liabilities ($6.15 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 | $-6.08 Million |
| % of Total Assets | -8805.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Legible Inc - Net Assets Trend (2019–2024)
This chart illustrates how Legible 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 Legible Inc (2019–2024)
The table below shows the annual net assets of Legible Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-6.08 Million | -104.82% |
| 2023-12-31 | $-2.97 Million | +18.92% |
| 2022-12-31 | $-3.66 Million | -237.39% |
| 2021-12-31 | $2.66 Million | +1477.71% |
| 2020-12-31 | $-193.36K | 0.00% |
| 2019-12-31 | $-193.36K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Legible 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 3095579500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.65 Million | % |
| Other Comprehensive Income | $4.39 Million | % |
| Total Equity | $-6.08 Million | 100.00% |
Legible Inc Competitors by Market Cap
The table below lists competitors of Legible Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HERBALIFE (HOO.SG)
STU:HOO
|
$127.00K |
|
RHOEN-KLINIKUM
MU:RHK
|
$127.09K |
|
Western Acquisition Ventures Corp. Warrant
NASDAQ:WAVSW
|
$127.09K |
|
OMEROS
BE:3O8
|
$127.12K |
|
TECHTRONIC IND
MU:TIB1
|
$126.95K |
|
FINLAB N (A7A.SG)
STU:A7A
|
$126.84K |
|
Handelsinvest Danske Obligationer Fund
CO:HAIDKOBL
|
$126.81K |
|
Roshni Capital Inc.
V:ROSH-P
|
$126.72K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Legible Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,967,236 to -6,077,426, a change of -3,110,190.
- Net loss of 4,749,513 reduced equity.
- Other comprehensive income increased equity by 4,387,261.
- Other factors decreased equity by 2,747,938.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.75 Million | -78.15% |
| Other Comprehensive Income | $4.39 Million | +72.19% |
| Other Changes | $-2.75 Million | -45.22% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Legible 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 |
|---|---|---|---|
| 2019-12-31 | $0.00 | $0.02 | x |
| 2020-12-31 | $0.00 | $0.02 | x |
| 2021-12-31 | $0.05 | $0.02 | x |
| 2022-12-31 | $-0.05 | $0.02 | x |
| 2023-12-31 | $-0.02 | $0.02 | x |
| 2024-12-31 | $-0.04 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Legible 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: -5887.66%
- • Asset Turnover: 1.17x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-80.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-121.56K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-94.96K |
| 2021 | -484.69% | -1406477.23% | 0.00x | 1.33x | $-13.18 Million |
| 2022 | 0.00% | -42619.67% | 0.06x | 0.00x | $-8.42 Million |
| 2023 | 0.00% | -8976.96% | 0.38x | 0.00x | $-4.50 Million |
| 2024 | 0.00% | -5887.66% | 1.17x | 0.00x | $-4.14 Million |
Industry Comparison
This section compares Legible Inc's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $77,491,127
- Average return on equity (ROE) among peers: -10.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Legible Inc (LEBGF) | $-6.08 Million | 0.00% | N/A | $126.99K |
| COMTEX News Network Inc (CMTX) | $1.11 Million | -9.63% | 1.06x | $53.99K |
| Dallasnews Corp (DALN) | $12.36 Million | -79.16% | 4.85x | $64.35 Million |
| Digitiliti Inc (DIGI) | $-3.26 Million | 0.00% | 0.00x | $0.95 |
| The Detroit Legal News Company (DTRL) | $13.13 Million | 29.84% | 0.39x | $2.95 Million |
| Educational Development Corporation (EDUC) | $12.58 Million | 2.84% | 0.33x | $8.68 Million |
| Fame Productions Inc (FMPR) | $-616.17K | 0.00% | 0.00x | $489.02 |
| FP Newspapers Inc (FPNUF) | $52.21 Million | 8.52% | 0.01x | $1.85 Million |
| Future plc (FRNWF) | $195.57 Million | -31.07% | 0.78x | $707.50 Million |
| Gannett Co Inc (GCI) | $295.37 Million | -26.41% | 7.10x | $199.39 Million |
| Glacier Media Inc (GLMFF) | $196.46 Million | -2.48% | 0.38x | $4.43 Million |