Mitesco Inc
Mitesco, Inc. engages in providing cloud computing, application hosting, and other data center related applications. It also sells remote backup, general business applications, engineering analysis software, and digital marketing related to residential real estate software development. The company is based in Vero Beach, Florida.
Mitesco Inc (MITI) - Net Assets
Latest net assets as of September 2025: $-23.79 Million USD
Based on the latest financial reports, Mitesco Inc (MITI) has net assets worth $-23.79 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($165.69K) and total liabilities ($23.95 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 | $-23.79 Million |
| % of Total Assets | -14354.96% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Mitesco Inc - Net Assets Trend (2006–2024)
This chart illustrates how Mitesco 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 Mitesco Inc (2006–2024)
The table below shows the annual net assets of Mitesco Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-26.42 Million | -86.93% |
| 2023-12-31 | $-14.13 Million | +26.16% |
| 2022-12-31 | $-19.14 Million | -1804.32% |
| 2021-12-31 | $1.12 Million | +144.17% |
| 2020-12-31 | $-2.54 Million | -9.65% |
| 2019-12-31 | $-2.32 Million | -40.18% |
| 2018-12-31 | $-1.65 Million | -19.22% |
| 2017-12-31 | $-1.39 Million | -30.14% |
| 2016-12-31 | $-1.07 Million | -105.12% |
| 2015-12-31 | $-519.69K | +77.05% |
| 2014-12-31 | $-2.26 Million | -579.30% |
| 2013-12-31 | $-333.35K | +63.09% |
| 2012-12-31 | $-903.19K | -954.99% |
| 2011-12-31 | $-85.61K | -33.29% |
| 2010-12-31 | $-64.23K | -39.27% |
| 2009-12-31 | $-46.12K | -92.70% |
| 2007-12-31 | $-23.93K | -56.38% |
| 2006-12-31 | $-15.30K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mitesco 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 6385535100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $97.62K | % |
| Other Components | $37.34 Million | % |
| Total Equity | $-26.42 Million | 100.00% |
Mitesco Inc Competitors by Market Cap
The table below lists competitors of Mitesco Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saxlund Group AB
ST:SAXG
|
$2.08 Million |
|
Libra Insurance Company Ltd
TA:LBRA
|
$2.08 Million |
|
Pineapple Express
PINK:PNPL
|
$2.08 Million |
|
BALOISE HLDG N
MU:BLON
|
$2.08 Million |
|
QUANTUM BATTERY MET. CORP
F:23B0
|
$2.08 Million |
|
CPD SA
WAR:CPD
|
$2.07 Million |
|
Noviqtech Ltd
AU:NVQ
|
$2.07 Million |
|
Supreme Engineering Limited
NSE:SUPREMEENG
|
$2.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mitesco Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -14,131,757 to -26,415,946, a change of -12,284,189.
- Net loss of 2,512,000 reduced equity.
- Other comprehensive income decreased equity by 36,574.
- Other factors decreased equity by 9,735,615.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.51 Million | -9.51% |
| Other Comprehensive Income | $-36.57K | -0.14% |
| Other Changes | $-9.74 Million | -36.86% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Mitesco 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 |
|---|---|---|---|
| 2006-12-31 | $-88.46 | $0.56 | x |
| 2007-12-31 | $-138.34 | $0.56 | x |
| 2009-12-31 | $-266.57 | $0.56 | x |
| 2010-12-31 | $-371.26 | $0.56 | x |
| 2011-12-31 | $-494.86 | $0.56 | x |
| 2012-12-31 | $-130.14 | $0.56 | x |
| 2013-12-31 | $-39.32 | $0.56 | x |
| 2014-12-31 | $-227.01 | $0.56 | x |
| 2015-12-31 | $-42.45 | $0.56 | x |
| 2016-12-31 | $-3.87 | $0.56 | x |
| 2017-12-31 | $-3.90 | $0.56 | x |
| 2018-12-31 | $-3.29 | $0.56 | x |
| 2019-12-31 | $-2.56 | $0.56 | x |
| 2020-12-31 | $-1.21 | $0.56 | x |
| 2021-12-31 | $0.28 | $0.56 | x |
| 2022-12-31 | $-4.13 | $0.56 | x |
| 2023-12-31 | $-2.59 | $0.56 | x |
| 2024-12-31 | $-3.92 | $0.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mitesco 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: -5748.28%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-39.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.53K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.23K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-13.50K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-11.69K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-12.82K |
| 2012 | 0.00% | -1523.60% | 0.20x | 0.00x | $-2.34 Million |
| 2013 | 0.00% | -1928.17% | 0.11x | 0.00x | $-3.37 Million |
| 2014 | 0.00% | -1656.01% | 0.24x | 0.00x | $-3.54 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-351.05K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.77 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-615.32K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.25 Million |
| 2019 | 0.00% | -111000.00% | 0.03x | 0.00x | $-3.65 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.61 Million |
| 2021 | -705.60% | -6830.53% | 0.01x | 9.49x | $-8.04 Million |
| 2022 | 0.00% | -3364.95% | 0.27x | 0.00x | $-21.32 Million |
| 2023 | 0.00% | -1930.68% | 243.32x | 0.00x | $-11.92 Million |
| 2024 | 0.00% | -5748.28% | 0.23x | 0.00x | $129.59K |
Industry Comparison
This section compares Mitesco 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 |
|---|---|---|---|---|
| Mitesco Inc (MITI) | $-23.79 Million | 0.00% | N/A | $2.08 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 |