The Mint Corporation
The Mint Corporation, through its subsidiaries, offers fintech services in the United Arab Emirates. Its platform provides financial services tailored to the needs of unbanked workers and their employers. The company also provides employers with payroll cards for their unbanked employees where employees can earn regular salaries and have long-term work permits. The company was formerly known as M… Read more
The Mint Corporation (MITJF) - Net Assets
Latest net assets as of December 2023: $-837.17K USD
Based on the latest financial reports, The Mint Corporation (MITJF) has net assets worth $-837.17K USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.18K) and total liabilities ($888.36K). 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 | $-837.17K |
| % of Total Assets | -1635.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1264.45 |
The Mint Corporation - Net Assets Trend (2001–2023)
This chart illustrates how The Mint Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The Mint Corporation (2001–2023)
The table below shows the annual net assets of The Mint Corporation from 2001 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-837.17K | -239.57% |
| 2022-12-31 | $599.81K | +102.10% |
| 2021-12-31 | $-28.52 Million | -21.44% |
| 2020-12-31 | $-23.48 Million | -1.17% |
| 2019-12-31 | $-23.21 Million | -22.09% |
| 2018-12-31 | $-19.01 Million | +71.98% |
| 2017-12-31 | $-67.85 Million | -12.63% |
| 2016-12-31 | $-60.24 Million | -11.23% |
| 2015-12-31 | $-54.16 Million | -15.42% |
| 2014-12-31 | $-46.93 Million | -27.60% |
| 2013-12-31 | $-36.77 Million | -229.50% |
| 2012-12-31 | $-11.16 Million | -441.16% |
| 2011-12-31 | $3.27 Million | +261.60% |
| 2010-12-31 | $-2.02 Million | -13.33% |
| 2009-12-31 | $-1.79 Million | -531.63% |
| 2008-12-31 | $413.84K | -72.26% |
| 2007-12-31 | $1.49 Million | -63.98% |
| 2006-12-31 | $4.14 Million | +2833.26% |
| 2005-12-31 | $141.21K | +151.64% |
| 2004-12-31 | $-273.44K | -153.00% |
| 2003-12-31 | $515.97K | +2445.22% |
| 2001-12-31 | $20.27K | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Mint Corporation'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 5152444600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $40.30 Million | % |
| Other Components | $12.47 Million | % |
| Total Equity | $-837.17K | 100.00% |
The Mint Corporation Competitors by Market Cap
The table below lists competitors of The Mint Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beneficient Warrant
NASDAQ:BENFW
|
$8.85K |
|
FREEGOLD VENT - Dusseldorf Stock Exchang
DU:FR4N
|
$8.86K |
|
FIQE3F
SA:FIQE3F
|
$8.87K |
|
Chyunn Environment Corporation
TWO:6911
|
$8.87K |
|
Blitzway Co. Ltd.
KO:369370
|
$8.84K |
|
Dynea Pakistan Ltd
KAR:DYNO
|
$8.84K |
|
MAPLETREE PAN ASIA C.REGS
F:BI0
|
$8.82K |
|
Education Management Corp
PINK:EDMCQ
|
$8.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Mint Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 599,810 to -837,174, a change of -1,436,984 (-239.6%).
- Net loss of 1,436,984 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.44 Million | -171.65% |
| Total Change | $- | -239.57% |
Book Value vs Market Value Analysis
This analysis compares The Mint Corporation'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 | $6.48 | $0.00 | x |
| 2003-12-31 | $13.53 | $0.00 | x |
| 2004-12-31 | $-0.14 | $0.00 | x |
| 2005-12-31 | $0.05 | $0.00 | x |
| 2006-12-31 | $378.05 | $0.00 | x |
| 2007-12-31 | $1.90 | $0.00 | x |
| 2008-12-31 | $0.23 | $0.00 | x |
| 2009-12-31 | $-0.56 | $0.00 | x |
| 2010-12-31 | $-0.34 | $0.00 | x |
| 2011-12-31 | $0.28 | $0.00 | x |
| 2012-12-31 | $-0.42 | $0.00 | x |
| 2013-12-31 | $-1.38 | $0.00 | x |
| 2014-12-31 | $-1.27 | $0.00 | x |
| 2015-12-31 | $-0.84 | $0.00 | x |
| 2016-12-31 | $-0.60 | $0.00 | x |
| 2017-12-31 | $-0.49 | $0.00 | x |
| 2018-12-31 | $-0.10 | $0.00 | x |
| 2019-12-31 | $-0.12 | $0.00 | x |
| 2020-12-31 | $-0.12 | $0.00 | x |
| 2021-12-31 | $-0.13 | $0.00 | x |
| 2022-12-31 | $0.00 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Mint Corporation 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (21.18%), 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 | 50.67% | 12.84% | 3.14x | 1.26x | $8.24K |
| 2003 | -4.53% | 0.00% | 0.00x | 3.03x | $-74.98K |
| 2004 | 0.00% | -442.84% | 0.30x | 0.00x | $-3.25 Million |
| 2005 | -3107.29% | -300.53% | 0.97x | 10.70x | $-4.40 Million |
| 2006 | -182.37% | -1770.92% | 0.06x | 1.73x | $-7.97 Million |
| 2007 | -291.81% | -462.84% | 0.22x | 2.87x | $-4.50 Million |
| 2008 | -668.62% | -593.43% | 0.43x | 2.61x | $-2.81 Million |
| 2009 | 0.00% | -801.77% | 0.21x | 0.00x | $-3.58 Million |
| 2010 | 0.00% | -196.23% | 0.50x | 0.00x | $-4.46 Million |
| 2011 | -184.32% | -162.53% | 0.30x | 3.78x | $-6.36 Million |
| 2012 | 0.00% | -271.57% | 0.33x | 0.00x | $-10.87 Million |
| 2013 | 0.00% | -35132.49% | 0.01x | 0.00x | $-23.27 Million |
| 2014 | 0.00% | -21000.98% | 0.02x | 0.00x | $-6.35 Million |
| 2015 | 0.00% | -30100.00% | 0.00x | 0.00x | $-3.17 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.11 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.01 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $39.17 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.93 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $968.29K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.18 Million |
| 2022 | 4854.33% | 0.00% | 0.00x | 1.87x | $29.06 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.35 Million |
Industry Comparison
This section compares The Mint Corporation's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $42,167,772,618
- Average return on equity (ROE) among peers: 3.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Mint Corporation (MITJF) | $-837.17K | 50.67% | N/A | $8.85K |
| Accord Financial Corp (ACCFF) | $103.96 Million | 11.43% | 4.00x | $8.00 Million |
| Acom Co. Ltd (ACJJF) | $306.73 Billion | 3.47% | 2.77x | $799.50 Million |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $13.28 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $47.20 Million | 1.69% | 11.77x | $1.51 Billion |
| Aiful Corp (AIFLF) | $97.47 Billion | -37.44% | 4.75x | $852.52 Million |
| Jianpu Technology Inc (AIJTY) | $520.74 Million | 20.38% | 0.93x | $16.37 Million |
| AIOS Tech Inc. (AIOS) | $40.53 Million | 17.61% | 0.35x | $2.83 Million |
| Ally Financial Inc (ALLY) | $13.49 Billion | 6.88% | 11.39x | $10.34 Billion |
| Alpha Investment Inc (ALPC) | $-38.66K | 0.00% | 0.00x | $166.69 Million |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $14.83 Million |