VirExit Technologies Inc
VirExit Technologies, Inc. develops and provides antiviral technologies, personal protective equipment, and health and wellness products. It offers seated treadmills, nutraceuticals, and boutique style custom candles through its safer place market. The company was formerly known as Poverty Dignified, Inc. VirExit Technologies, Inc. was founded in 2013 and is headquartered in Richland, Washington.
VirExit Technologies Inc (VXIT) - Net Assets
Latest net assets as of November 2024: $-4.36 Million USD
Based on the latest financial reports, VirExit Technologies Inc (VXIT) has net assets worth $-4.36 Million USD as of November 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.00K) and total liabilities ($4.37 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 | $-4.36 Million |
| % of Total Assets | -43559.6% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
VirExit Technologies Inc - Net Assets Trend (2014–2024)
This chart illustrates how VirExit Technologies 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 VirExit Technologies Inc (2014–2024)
The table below shows the annual net assets of VirExit Technologies Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-08-31 | $-4.22 Million | -7.28% |
| 2023-08-31 | $-3.93 Million | -9.22% |
| 2022-08-31 | $-3.60 Million | -19.36% |
| 2021-08-31 | $-3.02 Million | +11.01% |
| 2020-08-31 | $-3.39 Million | +4.61% |
| 2019-08-31 | $-3.55 Million | -26.36% |
| 2018-08-31 | $-2.81 Million | -80.97% |
| 2017-08-31 | $-1.55 Million | -59.53% |
| 2016-08-31 | $-973.71K | -181.18% |
| 2015-08-31 | $-346.29K | -338.07% |
| 2014-08-31 | $145.46K | -- |
Equity Component Analysis
This analysis shows how different components contribute to VirExit Technologies 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 1653588600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.62 Million | % |
| Other Components | $13.93 Million | % |
| Total Equity | $-4.22 Million | 100.00% |
VirExit Technologies Inc Competitors by Market Cap
The table below lists competitors of VirExit Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Dewey Electronics Corporation
PINK:DEWY
|
$1.50 Million |
|
Pinnacle Minerals Ltd
AU:PIM
|
$1.50 Million |
|
Athene Holding Ltd
PINK:ATHHF
|
$1.50 Million |
|
ELEMENT NUTR.SCIENCES
F:93X
|
$1.50 Million |
|
Podravka Prehrambena Industrija d.d.
ZSE:PODR
|
$1.50 Million |
|
C. Mer Industries Ltd
TA:CMER
|
$1.50 Million |
|
Mammoth Resources Corp
PINK:MMMRF
|
$1.50 Million |
|
FED AGRIC MTG -C-
BE:A35
|
$1.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VirExit Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -3,930,549 to -4,216,735, a change of -286,186.
- Net loss of 1,475,086 reduced equity.
- Other comprehensive income increased equity by 2,844,834.
- Other factors decreased equity by 1,655,934.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.48 Million | -34.98% |
| Other Comprehensive Income | $2.84 Million | +67.47% |
| Other Changes | $-1.66 Million | -39.27% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares VirExit Technologies 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 |
|---|---|---|---|
| 2014-08-31 | $0.04 | $0.00 | x |
| 2015-08-31 | $-0.05 | $0.00 | x |
| 2016-08-31 | $-0.14 | $0.00 | x |
| 2017-08-31 | $-0.20 | $0.00 | x |
| 2018-08-31 | $-0.30 | $0.00 | x |
| 2019-08-31 | $-0.01 | $0.00 | x |
| 2020-08-31 | $0.00 | $0.00 | x |
| 2021-08-31 | $0.00 | $0.00 | x |
| 2022-08-31 | $0.00 | $0.00 | x |
| 2023-08-31 | $0.00 | $0.00 | x |
| 2024-08-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VirExit Technologies 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 (-356.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -3919.87% | 0.00% | 0.00x | 1.08x | $-5.72 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.12 Million |
| 2016 | 0.00% | -720.52% | 0.82x | 0.00x | $-762.83K |
| 2017 | 0.00% | -5748.42% | 0.30x | 0.00x | $-1.38 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.53 Million |
| 2019 | 0.00% | -2274.93% | 1.00x | 0.00x | $-2.12 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.35 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.20 Million |
| 2022 | 0.00% | -38523.24% | 0.31x | 0.00x | $-487.25K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-296.40K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.05 Million |
Industry Comparison
This section compares VirExit Technologies Inc's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VirExit Technologies Inc (VXIT) | $-4.36 Million | -3919.87% | N/A | $1.50 Million |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |