Logiq Inc
Logiq, Inc. does not have significant operations. It was previously engaged in ecommerce solutions and services. The company was formerly known as Weyland Tech Inc. and changed its name to Logiq, Inc. in September 2020. Logiq, Inc. is headquartered in New York, New York.
Logiq Inc (LGIQ) - Net Assets
Latest net assets as of December 2024: $-314.91K USD
Based on the latest financial reports, Logiq Inc (LGIQ) has net assets worth $-314.91K USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($593.20K) and total liabilities ($908.11K). 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 | $-314.91K |
| % of Total Assets | -53.09% |
| Annual Growth Rate | N/A |
| 5-Year Change | -103.83% |
| 10-Year Change | N/A |
| Growth Volatility | 234.95 |
Logiq Inc - Net Assets Trend (2004–2023)
This chart illustrates how Logiq 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 Logiq Inc (2004–2023)
The table below shows the annual net assets of Logiq Inc from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-400.68K | -105.23% |
| 2022-12-31 | $7.65 Million | -74.12% |
| 2021-12-31 | $29.58 Million | +23.73% |
| 2020-12-31 | $23.90 Million | +128.62% |
| 2019-12-31 | $10.46 Million | +104.64% |
| 2018-12-31 | $5.11 Million | +57.16% |
| 2017-12-31 | $3.25 Million | +27.39% |
| 2016-12-31 | $2.55 Million | +363.92% |
| 2015-12-31 | $550.10K | +357.34% |
| 2014-12-31 | $-213.77K | -53.80% |
| 2013-12-31 | $-139.00K | -212.01% |
| 2012-12-31 | $-44.55K | +90.54% |
| 2011-12-31 | $-470.84K | +1.07% |
| 2010-12-31 | $-475.92K | +94.48% |
| 2008-12-31 | $-8.62 Million | -41.57% |
| 2007-12-31 | $-6.09 Million | -13931.25% |
| 2005-12-31 | $-43.38K | -562.02% |
| 2004-12-31 | $9.39K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Logiq 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 13180673900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $14.39K | % |
| Other Comprehensive Income | $22.03 Million | % |
| Other Components | $109.36 Million | % |
| Total Equity | $-400.68K | 100.00% |
Logiq Inc Competitors by Market Cap
The table below lists competitors of Logiq Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grande Asset Hotels and Property Public Company Limited
BK:GRAND
|
$2.69 Million |
|
Phase Holographic Imaging PHI AB (publ)
F:L5W
|
$2.69 Million |
|
TRAVLR COMP (PA9.SG)
STU:PA9
|
$2.69 Million |
|
Playgon Games Inc
PINK:PLGNF
|
$2.69 Million |
|
PT Menn Teknologi Indonesia
JK:MENN
|
$2.69 Million |
|
Trive Property Group Bhd
KLSE:0118
|
$2.69 Million |
|
Regency Ceramics Limited
NSE:REGENCERAM
|
$2.69 Million |
|
AE Multi Holdings Bhd
KLSE:7146
|
$2.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Logiq Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 7,654,001 to -400,680, a change of -8,054,681 (-105.2%).
- Net loss of 20,096,227 reduced equity.
- Share repurchases of 140,808 reduced equity.
- New share issuances of 24,353,385 increased equity.
- Other comprehensive income decreased equity by 22,202,225.
- Other factors increased equity by 10,031,194.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-20.10 Million | -5015.53% |
| Share Repurchases | $140.81K | -35.14% |
| Share Issuances | $24.35 Million | +6078.01% |
| Other Comprehensive Income | $-22.20 Million | -5541.14% |
| Other Changes | $10.03 Million | +2503.54% |
| Total Change | $- | -105.23% |
Book Value vs Market Value Analysis
This analysis compares Logiq 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 |
|---|---|---|---|
| 2004-12-31 | $4695.00 | $0.01 | x |
| 2005-12-31 | $-21692.00 | $0.01 | x |
| 2006-12-31 | $-30986.50 | $0.01 | x |
| 2007-12-31 | $-0.23 | $0.01 | x |
| 2008-12-31 | $-0.33 | $0.01 | x |
| 2010-12-31 | $-237959.50 | $0.01 | x |
| 2011-12-31 | $-235422.00 | $0.01 | x |
| 2012-12-31 | $-11137.00 | $0.01 | x |
| 2013-12-31 | $-4211.97 | $0.01 | x |
| 2014-12-31 | $-199.97 | $0.01 | x |
| 2015-12-31 | $0.03 | $0.01 | x |
| 2016-12-31 | $1.79 | $0.01 | x |
| 2017-12-31 | $1.91 | $0.01 | x |
| 2018-12-31 | $2.31 | $0.01 | x |
| 2019-12-31 | $2.09 | $0.01 | x |
| 2020-12-31 | $1.89 | $0.01 | x |
| 2021-12-31 | $1.40 | $0.01 | x |
| 2022-12-31 | $0.22 | $0.01 | x |
| 2023-12-31 | $0.00 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Logiq 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: -78.16%
- • Asset Turnover: 39.48x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-68.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -27.80% | 0.00% | 0.00x | 1.64x | $-3.55K |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-48.44K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-106.11K |
| 2007 | 0.00% | -649.68% | 0.13x | 0.00x | $-6.06 Million |
| 2008 | 0.00% | -481.95% | 0.15x | 0.00x | $-4.91 Million |
| 2010 | 0.00% | -48.21% | 5.70x | 0.00x | $-529.94K |
| 2011 | 0.00% | -224.21% | 18.01x | 0.00x | $-1.85 Million |
| 2012 | 0.00% | -31.37% | 9.13x | 0.00x | $-1.33 Million |
| 2013 | 0.00% | -54.93% | 7.49x | 0.00x | $-1.21 Million |
| 2014 | 0.00% | -10.29% | 14.76x | 0.00x | $-234.32K |
| 2015 | 133.38% | 28.73% | 1.14x | 4.09x | $678.71K |
| 2016 | 22.22% | 4.32% | 3.86x | 1.33x | $311.75K |
| 2017 | -2.28% | -0.48% | 2.95x | 1.63x | $-399.37K |
| 2018 | -80.22% | -18.08% | 4.13x | 1.07x | $-4.61 Million |
| 2019 | -62.57% | -18.88% | 3.06x | 1.08x | $-7.59 Million |
| 2020 | -61.93% | -39.05% | 1.27x | 1.25x | $-17.19 Million |
| 2021 | -68.05% | -53.89% | 1.09x | 1.16x | $-23.08 Million |
| 2022 | -1157.13% | -344.46% | 1.69x | 1.98x | $-89.33 Million |
| 2023 | 0.00% | -78.16% | 39.48x | 0.00x | $-20.06 Million |
Industry Comparison
This section compares Logiq Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $679,817,884
- Average return on equity (ROE) among peers: -17.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Logiq Inc (LGIQ) | $-314.91K | -27.80% | N/A | $2.69 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $849.93K | -14.47% | 0.09x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $1.10 Billion | 24.20% | 0.41x | $103.05 Billion |
| Adcore Inc (ADCOF) | $1.19 Million | -17.83% | 0.01x | $3.03 Million |
| ADEIA CORP (ADEA) | $572.18 Million | 12.20% | 0.08x | $2.45 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $84.01 Billion |
| Autodesk Inc (ADSK) | $-256.00 Million | 0.00% | 0.00x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-2.61 Million | 0.00% | 0.00x | $0.96 |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $49.81 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.93 |