Cheelcare Inc.
Cheelcare Inc. develops, manufactures, and distributes assistive mobility devices. It offers robotic complex rehab power wheelchairs, power add-ons for manual wheelchairs, and wheelchair accessories. The company is based in Richmond Hill, Canada.
Cheelcare Inc. (CHER) - Net Assets
Latest net assets as of January 2025: CA$-2.76 Million CAD
Based on the latest financial reports, Cheelcare Inc. (CHER) has net assets worth CA$-2.76 Million CAD as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.27 Million) and total liabilities (CA$7.03 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-2.76 Million |
| % of Total Assets | -64.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Cheelcare Inc. - Net Assets Trend (2023–2024)
This chart illustrates how Cheelcare 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 Cheelcare Inc. (2023–2024)
The table below shows the annual net assets of Cheelcare Inc. from 2023 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-04-30 | CA$-2.36 Million | -24.88% |
| 2023-04-30 | CA$-1.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cheelcare 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 54083800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$701.62K | % |
| Total Equity | CA$-2.36 Million | 100.00% |
Cheelcare Inc. Competitors by Market Cap
The table below lists competitors of Cheelcare Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wellness Center Usa
PINK:WCUI
|
$11.70K |
|
ZIL Ltd
KAR:ZIL
|
$11.71K |
|
RHB Capital Berhad
OTCGREY:RHBAF
|
$11.71K |
|
LPIX
PINK:LPIX
|
$11.73K |
|
Onlineformapro SA
PA:MLONL
|
$11.70K |
|
Metrics Master Income Trust
AU:MXT
|
$11.68K |
|
ALLD3F
SA:ALLD3F
|
$11.67K |
|
EKSPRESS GROUP (DYC.SG)
STU:DYC
|
$11.67K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cheelcare Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,886,083 to -2,355,351, a change of -469,268.
- Net loss of 540,838 reduced equity.
- Other factors increased equity by 71,570.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-540.84K | -22.96% |
| Other Changes | CA$71.57K | +3.04% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Cheelcare 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 |
|---|---|---|---|
| 2023-04-30 | CA$-0.10 | CA$1.79 | x |
| 2024-04-30 | CA$-0.12 | CA$1.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cheelcare 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: -37.63%
- • Asset Turnover: 2.40x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | -11.39% | 2.89x | 0.00x | CA$62.14K |
| 2024 | 0.00% | -37.63% | 2.40x | 0.00x | CA$-305.30K |
Industry Comparison
This section compares Cheelcare Inc.'s net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $1,411,503
- Average return on equity (ROE) among peers: -368.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cheelcare Inc. (CHER) | CA$-2.76 Million | 0.00% | N/A | $11.70K |
| Evome Medical Technologies Inc. (EVMT) | $9.50 Million | -20.26% | 0.02x | $284.04K |
| Frequency Exchange Corp. (FREQ) | $334.04K | -1454.44% | 3.18x | $6.07 Million |
| Imaging Dynamics Company Ltd (IDL) | $-644.55K | 0.00% | 0.00x | $288.10K |
| VVT Med Inc. (VVTM) | $-3.54 Million | 0.00% | 0.00x | $8.84 Million |