Newhydrogen Inc
NewHydrogen, Inc. engages in the development of clean energy technologies. It engages in the development of electrolyzer technology to lower the cost of green hydrogen production. The company focuses on reducing or replacing rare earth materials, to help usher in the green hydrogen economy. The company was formerly known as BioSolar, Inc. and changed its name to NewHydrogen, Inc. in April 2021. N… Read more
Newhydrogen Inc (NEWH) - Net Assets
Latest net assets as of December 2024: $2.12 Million USD
Based on the latest financial reports, Newhydrogen Inc (NEWH) has net assets worth $2.12 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 ($2.13 Million) and total liabilities ($7.97K). 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 | $2.12 Million |
| % of Total Assets | 99.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11594.75 |
Newhydrogen Inc - Net Assets Trend (2006–2024)
This chart illustrates how Newhydrogen 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 Newhydrogen Inc (2006–2024)
The table below shows the annual net assets of Newhydrogen Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-1.36 Billion | -36929.73% |
| 2023-12-31 | $3.70 Million | -24.02% |
| 2022-12-31 | $4.87 Million | -27.14% |
| 2021-12-31 | $6.69 Million | +104.40% |
| 2020-12-31 | $-151.91 Million | -1143.60% |
| 2019-12-31 | $-12.22 Million | +28.14% |
| 2018-12-31 | $-17.00 Million | -122.09% |
| 2017-12-31 | $-7.65 Million | -15.21% |
| 2016-12-31 | $-6.64 Million | +23.85% |
| 2015-12-31 | $-8.72 Million | -143.36% |
| 2014-12-31 | $-3.59 Million | -916.34% |
| 2013-12-31 | $-352.74K | -249.40% |
| 2012-12-31 | $-100.95K | -138.84% |
| 2011-12-31 | $259.90K | +10.87% |
| 2010-12-31 | $234.42K | -61.93% |
| 2009-12-31 | $615.81K | +13.95% |
| 2008-12-31 | $540.41K | -49.64% |
| 2007-12-31 | $1.07 Million | -9.04% |
| 2006-12-31 | $1.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Newhydrogen 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 17794227263900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $70.46K | % |
| Other Components | $176.58 Billion | % |
| Total Equity | $-1.36 Billion | 100.00% |
Newhydrogen Inc Competitors by Market Cap
The table below lists competitors of Newhydrogen Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Norcod As
OL:NCOD
|
$13.16 Million |
|
Kishin Corporation
KO:092440
|
$13.16 Million |
|
Evrofarma SA
AT:EVROF
|
$13.16 Million |
|
SDS Group Bhd
KLSE:0212
|
$13.16 Million |
|
Summer Energy Holdings Inc
OTCQB:SUME
|
$13.16 Million |
|
MODISON LIMITED
NSE:MODISONLTD
|
$13.15 Million |
|
BioSig Technologies, Inc. Common Stock
OTCQB:BSGM
|
$13.15 Million |
|
Shinhwa Contech Co. Ltd
KQ:187270
|
$13.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Newhydrogen Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,702,452 to -1,363,603,000, a change of -1,367,305,452 (-36929.7%).
- Net loss of 1,809,962,000 reduced equity.
- Other comprehensive income increased equity by 3,485,313.
- Other factors increased equity by 439,171,235.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.81 Billion | -132.73% |
| Other Comprehensive Income | $3.49 Million | +0.26% |
| Other Changes | $439.17 Million | +32.21% |
| Total Change | $- | -36929.73% |
Book Value vs Market Value Analysis
This analysis compares Newhydrogen 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 | $0.32 | $0.02 | x |
| 2007-12-31 | $0.25 | $0.02 | x |
| 2008-12-31 | $0.12 | $0.02 | x |
| 2009-12-31 | $0.13 | $0.02 | x |
| 2010-12-31 | $0.05 | $0.02 | x |
| 2011-12-31 | $0.05 | $0.02 | x |
| 2012-12-31 | $-0.02 | $0.02 | x |
| 2013-12-31 | $-0.05 | $0.02 | x |
| 2014-12-31 | $-0.34 | $0.02 | x |
| 2015-12-31 | $-0.56 | $0.02 | x |
| 2016-12-31 | $-0.17 | $0.02 | x |
| 2017-12-31 | $-0.21 | $0.02 | x |
| 2018-12-31 | $-0.32 | $0.02 | x |
| 2019-12-31 | $-0.02 | $0.02 | x |
| 2020-12-31 | $-0.54 | $0.02 | x |
| 2021-12-31 | $0.01 | $0.02 | x |
| 2022-12-31 | $0.01 | $0.02 | x |
| 2023-12-31 | $0.01 | $0.02 | x |
| 2024-12-31 | $-1.94 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Newhydrogen 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-73.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -23.26% | 0.00% | 0.00x | 1.03x | $-392.33K |
| 2007 | -79.00% | 0.00% | 0.00x | 1.01x | $-955.01K |
| 2008 | -175.36% | 0.00% | 0.00x | 1.04x | $-1.00 Million |
| 2009 | -104.67% | 0.00% | 0.00x | 1.01x | $-706.18K |
| 2010 | -392.20% | 0.00% | 0.00x | 1.02x | $-942.84K |
| 2011 | -441.34% | 0.00% | 0.00x | 1.07x | $-1.17 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-987.41K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.17 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.07 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.92 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $864.22K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.02 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.17 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $4.39 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-126.23 Million |
| 2021 | 152.36% | 0.00% | 0.00x | 1.00x | $9.52 Million |
| 2022 | -248.02% | 0.00% | 0.00x | 1.00x | $-12.57 Million |
| 2023 | -85.82% | 0.00% | 0.00x | 1.00x | $-3.55 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.67 Billion |
Industry Comparison
This section compares Newhydrogen Inc's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $49,834,203,139
- Average return on equity (ROE) among peers: -24.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Newhydrogen Inc (NEWH) | $2.12 Million | -23.26% | 0.00x | $13.16 Million |
| American Commerce Solutions Inc (AACS) | $554.04K | -209.75% | 2.35x | $38.47K |
| ATI Airtest Technologies Inc (AATGF) | $-3.05 Million | 0.00% | 0.00x | $2.79 Million |
| ABB Turbo Systems AG (ACLIF) | $302.90 Million | 33.41% | 2.98x | $4.32 Billion |
| Agfa-Gevaert NV (AFGVF) | $130.00 Million | -40.77% | 16.65x | $91.17 Million |
| Alphaform AG (AFRMF) | $9.59 Million | -32.38% | 1.09x | $691.72 |
| Airtificial Intelligence Structures S.A (AITLF) | $-8.71 Million | 0.00% | 0.00x | $53.18 Million |
| Alfa Laval AB (publ) (ALFVF) | $10.49 Billion | 35.97% | 1.77x | $13.09 Billion |
| Amada Co. Ltd (AMDLY) | $484.04 Billion | 5.74% | 0.27x | $3.72 Billion |
| Ametek Inc (AME) | $3.25 Billion | 18.15% | 1.05x | $49.22 Billion |
| American Superconductor Corporation (AMSC) | $125.12 Million | -52.85% | 0.73x | $1.42 Billion |