Rescap Liquidating Trust
Rescap Liquidating Trust engages in liquidating and distributing assets of the debtors in the ResCap bankruptcy case. The company, through its agents, wind downs the affairs of and dissolve the debtors and their subsidiaries, including the non-debtor subsidiaries. Rescap Liquidating Trust was founded in 2013 and is based in Minneapolis, Minnesota.
Rescap Liquidating Trust (RESCU) - Net Assets
Latest net assets as of June 2023: $987.40 Million USD
Based on the latest financial reports, Rescap Liquidating Trust (RESCU) has net assets worth $987.40 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Billion) and total liabilities ($240.79 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 | $987.40 Million |
| % of Total Assets | 80.4% |
| Annual Growth Rate | 8.13% |
| 5-Year Change | -9.75% |
| 10-Year Change | -11.46% |
| Growth Volatility | 16.29 |
Rescap Liquidating Trust - Net Assets Trend (1985–2022)
This chart illustrates how Rescap Liquidating Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rescap Liquidating Trust (1985–2022)
The table below shows the annual net assets of Rescap Liquidating Trust from 1985 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $857.74 Million | +33.65% |
| 2021-12-31 | $641.79 Million | +1.62% |
| 2020-12-31 | $631.57 Million | -23.94% |
| 2019-12-31 | $830.33 Million | -12.64% |
| 2018-12-31 | $950.42 Million | +4.25% |
| 2017-12-31 | $911.70 Million | +13.00% |
| 2016-12-31 | $806.80 Million | -15.28% |
| 2015-12-31 | $952.28 Million | -11.69% |
| 2014-12-31 | $1.08 Billion | +11.32% |
| 2013-12-31 | $968.70 Million | +7.73% |
| 2012-12-31 | $899.23 Million | +17.92% |
| 2011-12-31 | $762.59 Million | +41.51% |
| 2010-12-31 | $538.89 Million | +31.53% |
| 2009-12-31 | $409.72 Million | -8.76% |
| 2008-12-31 | $449.08 Million | +9.73% |
| 2007-12-31 | $409.27 Million | +22.07% |
| 2006-12-31 | $335.29 Million | +44.21% |
| 2005-12-31 | $232.50 Million | +28.15% |
| 2004-12-31 | $181.42 Million | +20.06% |
| 2003-12-31 | $151.11 Million | +4.15% |
| 2002-12-31 | $145.08 Million | -7.26% |
| 2001-12-31 | $156.44 Million | -7.61% |
| 2000-12-31 | $169.32 Million | +18.57% |
| 1999-12-31 | $142.80 Million | -0.21% |
| 1998-12-31 | $143.10 Million | +2.65% |
| 1997-12-31 | $139.40 Million | +18.34% |
| 1996-12-31 | $117.80 Million | +12.84% |
| 1995-12-31 | $104.40 Million | +11.66% |
| 1994-12-31 | $93.50 Million | +10.52% |
| 1993-12-31 | $84.60 Million | +8.88% |
| 1992-12-31 | $77.70 Million | +5.57% |
| 1991-12-31 | $73.60 Million | +12.54% |
| 1990-12-31 | $65.40 Million | +20.22% |
| 1989-12-31 | $54.40 Million | +20.35% |
| 1988-12-31 | $45.20 Million | +23.84% |
| 1986-12-31 | $36.50 Million | -23.16% |
| 1985-12-31 | $47.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rescap Liquidating Trust'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 6640.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $856.01 Million | 99.80% |
| Common Stock | $21.66 Million | 2.53% |
| Other Comprehensive Income | $-19.94 Million | -2.32% |
| Total Equity | $857.74 Million | 100.00% |
Rescap Liquidating Trust Competitors by Market Cap
The table below lists competitors of Rescap Liquidating Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AEGIRBIO AB
F:52Q
|
$1.36K |
|
ACHETER-LOUER EO 145612
F:2ZT
|
$1.36K |
|
Scepter Holdings Inc
PINK:BRZL
|
$1.36K |
|
Blanco Y Negro
SN:COLOCOLO
|
$1.36K |
|
StoneBridge Acquisition II Corporation Rights
NASDAQ:APACR
|
$1.36K |
|
BIOALLIANCE PHARMA
MU:C4X
|
$1.35K |
|
Teejay Lanka PLC
CM:TJLN0000
|
$1.35K |
|
SSNBF
OTCGREY:SSNBF
|
$1.35K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rescap Liquidating Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 641,791,000 to 857,735,000, a change of 215,944,000 (33.6%).
- Net income of 218,363,000 contributed positively to equity growth.
- Dividend payments of 8,645,000 reduced retained earnings.
- Share repurchases of 918,000 reduced equity.
- Other comprehensive income increased equity by 769,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $218.36 Million | +25.46% |
| Dividends Paid | $8.64 Million | -1.01% |
| Share Repurchases | $918.00K | -0.11% |
| Other Comprehensive Income | $769.00K | +0.09% |
| Other Changes | $6.38 Million | +0.74% |
| Total Change | $- | 33.65% |
Book Value vs Market Value Analysis
This analysis compares Rescap Liquidating Trust'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: 0.04x
- 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 decreased from 0.69x to 0.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.22 | $0.15 | x |
| 1986-12-31 | $0.17 | $0.15 | x |
| 1988-12-31 | $0.21 | $0.15 | x |
| 1989-12-31 | $0.25 | $0.15 | x |
| 1990-12-31 | $0.30 | $0.15 | x |
| 1991-12-31 | $0.35 | $0.15 | x |
| 1992-12-31 | $0.37 | $0.15 | x |
| 1993-12-31 | $0.39 | $0.15 | x |
| 1994-12-31 | $0.43 | $0.15 | x |
| 1995-12-31 | $0.48 | $0.15 | x |
| 1996-12-31 | $0.55 | $0.15 | x |
| 1997-12-31 | $0.62 | $0.15 | x |
| 1998-12-31 | $0.65 | $0.15 | x |
| 1999-12-31 | $0.67 | $0.15 | x |
| 2000-12-31 | $0.79 | $0.15 | x |
| 2001-12-31 | $0.72 | $0.15 | x |
| 2002-12-31 | $0.69 | $0.15 | x |
| 2003-12-31 | $0.69 | $0.15 | x |
| 2004-12-31 | $0.82 | $0.15 | x |
| 2005-12-31 | $1.04 | $0.15 | x |
| 2006-12-31 | $1.52 | $0.15 | x |
| 2007-12-31 | $1.86 | $0.15 | x |
| 2008-12-31 | $2.04 | $0.15 | x |
| 2009-12-31 | $1.89 | $0.15 | x |
| 2010-12-31 | $2.45 | $0.15 | x |
| 2011-12-31 | $3.46 | $0.15 | x |
| 2012-12-31 | $4.15 | $0.15 | x |
| 2013-12-31 | $4.47 | $0.15 | x |
| 2014-12-31 | $5.08 | $0.15 | x |
| 2015-12-31 | $4.53 | $0.15 | x |
| 2016-12-31 | $3.77 | $0.15 | x |
| 2017-12-31 | $4.25 | $0.15 | x |
| 2018-12-31 | $4.47 | $0.15 | x |
| 2019-12-31 | $3.91 | $0.15 | x |
| 2020-12-31 | $2.97 | $0.15 | x |
| 2021-12-31 | $3.01 | $0.15 | x |
| 2022-12-31 | $3.98 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rescap Liquidating Trust 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): 25.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.63%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.32x
- Recent ROE (25.46%) is above the historical average (7.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -86.11% | -66.18% | 1.06x | 1.22x | $-45.65 Million |
| 1986 | -30.14% | -16.98% | 1.27x | 1.39x | $-14.65 Million |
| 1988 | 10.62% | 4.09% | 1.75x | 1.49x | $280.00K |
| 1989 | 10.66% | 5.58% | 1.30x | 1.47x | $360.00K |
| 1990 | 10.86% | 6.33% | 1.21x | 1.42x | $560.00K |
| 1991 | 7.20% | 5.45% | 1.00x | 1.32x | $-2.06 Million |
| 1992 | 5.28% | 4.07% | 0.98x | 1.32x | $-3.67 Million |
| 1993 | 8.16% | 5.59% | 1.12x | 1.30x | $-1.56 Million |
| 1994 | 9.41% | 5.65% | 1.27x | 1.31x | $-550.00K |
| 1995 | 10.34% | 6.69% | 1.22x | 1.27x | $360.00K |
| 1996 | 11.29% | 6.62% | 1.31x | 1.30x | $1.52 Million |
| 1997 | 15.93% | 9.03% | 1.35x | 1.31x | $8.26 Million |
| 1998 | 11.18% | 6.55% | 1.35x | 1.26x | $1.69 Million |
| 1999 | 5.74% | 3.56% | 1.21x | 1.33x | $-6.08 Million |
| 2000 | 17.77% | 16.33% | 0.66x | 1.64x | $13.16 Million |
| 2001 | 17.25% | 10.18% | 1.31x | 1.29x | $11.34 Million |
| 2002 | -3.63% | -2.52% | 1.07x | 1.35x | $-19.77 Million |
| 2003 | 7.21% | 4.03% | 1.19x | 1.50x | $-4.22 Million |
| 2004 | 19.17% | 10.23% | 1.29x | 1.45x | $16.63 Million |
| 2005 | 28.60% | 15.55% | 1.37x | 1.34x | $43.23 Million |
| 2006 | 33.04% | 18.57% | 1.26x | 1.41x | $77.27 Million |
| 2007 | 21.27% | 12.61% | 0.98x | 1.71x | $46.12 Million |
| 2008 | 18.57% | 9.51% | 1.11x | 1.77x | $38.49 Million |
| 2009 | -5.55% | -3.87% | 0.91x | 1.58x | $-63.72 Million |
| 2010 | 27.23% | 13.38% | 1.23x | 1.65x | $92.85 Million |
| 2011 | 38.86% | 16.38% | 1.35x | 1.75x | $220.12 Million |
| 2012 | 30.52% | 14.11% | 1.42x | 1.52x | $184.51 Million |
| 2013 | 17.23% | 8.97% | 1.35x | 1.43x | $70.02 Million |
| 2014 | 22.74% | 10.49% | 1.33x | 1.63x | $137.35 Million |
| 2015 | -10.46% | -7.88% | 1.02x | 1.30x | $-194.79 Million |
| 2016 | -17.51% | -19.38% | 0.70x | 1.28x | $-221.93 Million |
| 2017 | 17.83% | 10.19% | 1.39x | 1.26x | $71.34 Million |
| 2018 | 18.46% | 10.19% | 1.43x | 1.26x | $80.36 Million |
| 2019 | -10.49% | -7.13% | 1.16x | 1.27x | $-170.14 Million |
| 2020 | -33.60% | -35.47% | 0.76x | 1.25x | $-275.35 Million |
| 2021 | 1.12% | 0.83% | 1.00x | 1.35x | $-56.96 Million |
| 2022 | 25.46% | 13.63% | 1.42x | 1.32x | $132.59 Million |
Industry Comparison
This section compares Rescap Liquidating Trust's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rescap Liquidating Trust (RESCU) | $987.40 Million | -86.11% | 0.24x | $1.36K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |