Next10 Inc
Next10, Inc. engages in the development, manufacture, and sale of security systems for the cargo transportation industry primarily in the United States and Canada. The company offers "Bulldog Online Security Systems' (BOSS), which is designed to prevent cargo theft from cargo containers, tractor-trailers, cargo vans, tanker trucks, storage year containers, and other cargo transportation and stora… Read more
Next10 Inc (NXTN) - Net Assets
Latest net assets as of June 2025: $4.48 Million USD
Based on the latest financial reports, Next10 Inc (NXTN) has net assets worth $4.48 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.12 Million) and total liabilities ($6.64 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 | $4.48 Million |
| % of Total Assets | 40.26% |
| Annual Growth Rate | 30.88% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4750.59 |
Next10 Inc - Net Assets Trend (2003–2024)
This chart illustrates how Next10 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 Next10 Inc (2003–2024)
The table below shows the annual net assets of Next10 Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.52 Million | -6.04% |
| 2023-12-31 | $4.81 Million | -18.81% |
| 2022-12-31 | $5.93 Million | +58.48% |
| 2021-12-31 | $3.74 Million | +1265.51% |
| 2020-12-31 | $-320.91K | -1235.36% |
| 2019-12-31 | $-24.03K | -856.91% |
| 2018-12-31 | $3.17K | -99.74% |
| 2005-12-31 | $1.22 Million | -43.22% |
| 2004-12-31 | $2.14 Million | +13389.34% |
| 2003-12-31 | $15.87K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Next10 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 grown by 409256800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.07 Million | 90.04% |
| Common Stock | $1.66K | 0.04% |
| Other Components | $448.70K | 9.92% |
| Total Equity | $4.52 Million | 100.00% |
Next10 Inc Competitors by Market Cap
The table below lists competitors of Next10 Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vestiage Inc
PINK:VEST
|
$585.76 |
|
Ideal Spinning Mills Ltd
KAR:IDSM
|
$585.83 |
|
IMMUPHARMA
BE:25I
|
$586.13 |
|
Aperture Health Inc
PINK:ELNX
|
$586.40 |
|
UHF Logistics Group Inc
PINK:RGLG
|
$585.66 |
|
UAC OF NIGERIA PLC
XNSA:UACN
|
$585.63 |
|
PIT
WAR:PIT
|
$585.62 |
|
LETLOLE LA RONA LIMITED
XBOT:LETS-EQO
|
$585.00 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Next10 Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,812,529 to 4,521,708, a change of -290,821 (-6.0%).
- Net loss of 290,821 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-290.82K | -6.43% |
| Total Change | $- | -6.04% |
Book Value vs Market Value Analysis
This analysis compares Next10 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
- Current price-to-book ratio: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $13.04 | $0.06 | x |
| 2004-12-31 | $1668.77 | $0.06 | x |
| 2005-12-31 | $768.43 | $0.06 | x |
| 2018-12-31 | $0.00 | $0.06 | x |
| 2019-12-31 | $0.00 | $0.06 | x |
| 2020-12-31 | $-0.02 | $0.06 | x |
| 2021-12-31 | $0.23 | $0.06 | x |
| 2022-12-31 | $0.36 | $0.06 | x |
| 2023-12-31 | $0.29 | $0.06 | x |
| 2024-12-31 | $0.27 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Next10 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): -6.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.48%
- • Asset Turnover: 1.69x
- • Equity Multiplier: 2.58x
- Recent ROE (-6.43%) is above the historical average (-70.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -38.03% | 0.00% | 0.00x | 1.04x | $-26.79K |
| 2003 | -251.46% | 0.00% | 0.00x | 1.13x | $-41.50K |
| 2004 | -47.40% | 0.00% | 0.00x | 1.96x | $-1.23 Million |
| 2005 | -295.02% | -1110.62% | 0.16x | 1.61x | $-3.71 Million |
| 2018 | -229.10% | 0.00% | 0.00x | 4.15x | $-7.59K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.80K |
| 2020 | 0.00% | 18.57% | 0.71x | 0.00x | $1.90 Million |
| 2021 | 77.87% | 10.22% | 1.78x | 4.29x | $2.54 Million |
| 2022 | 36.90% | 6.96% | 1.74x | 3.05x | $1.59 Million |
| 2023 | -19.02% | -4.21% | 1.45x | 3.10x | $-1.40 Million |
| 2024 | -6.43% | -1.48% | 1.69x | 2.58x | $-742.99K |
Industry Comparison
This section compares Next10 Inc's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $275,826,894
- Average return on equity (ROE) among peers: -61.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Next10 Inc (NXTN) | $4.48 Million | -38.03% | 1.48x | $585.72 |
| ArcBest Corp (ARCB) | $233.70 Million | 8.69% | 0.92x | $1.91 Billion |
| BEST Inc (BEST) | $1.72 Billion | -97.58% | 10.50x | $56.09 Million |
| Celadon Group Inc (CGIP) | $53.94 Million | 3.17% | 2.52x | $2.72K |
| Covenant Logistics Group, Inc. (CVLG) | $167.82 Million | 7.08% | 1.33x | $369.23 Million |
| Elite Express Holding Inc. Class A Common Stock (ETS) | $39.96K | -521.47% | 17.10x | $2.77 Million |
| EVO Transportation & Energy Services Inc (EVOA) | $-153.04K | 0.00% | 0.00x | $37.78 Million |
| Knight Transportation Inc (KNX) | $352.93 Million | 17.49% | 0.37x | $8.35 Billion |
| Link Reservations Inc (LRSV) | $-162.49K | 0.00% | 0.00x | $9.94 |
| Mogul Energy International Inc (MGUY) | $1.22 Million | -49.02% | 0.33x | $61.05K |
| Mullen Group Ltd (MLLGF) | $224.33 Million | 14.45% | 0.70x | $744.68 Million |