Hank Payments Corp (HANK) - Net Assets
Based on the latest financial reports, Hank Payments Corp (HANK) has net assets worth CA$-7.19 Million CAD (≈ $-5.20 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 (CA$5.37 Million ≈ $3.88 Million USD) and total liabilities (CA$12.55 Million ≈ $9.08 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read how much debt does Hank Payments Corp carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-7.19 Million |
| % of Total Assets | -133.88% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Hank Payments Corp - Net Assets Trend (2022–2024)
This chart illustrates how Hank Payments Corp's net assets have evolved over time, based on quarterly financial data. Also explore HANK current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hank Payments Corp (2022–2024)
The table below shows the annual net assets of Hank Payments Corp from 2022 to 2024. For live valuation and market cap data, see Hank Payments Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$-7.87 Million ≈ $-5.69 Million |
-30.71% |
| 2023-06-30 | CA$-6.02 Million ≈ $-4.36 Million |
-45.66% |
| 2022-06-30 | CA$-4.13 Million ≈ $-2.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hank Payments Corp'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 562154900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$17.24 Million | % |
| Total Equity | CA$-7.87 Million | 100.00% |
Hank Payments Corp Competitors by Market Cap
The table below lists competitors of Hank Payments Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Artroniq Berhad
KLSE:0038
|
$15.77 Million |
|
PCCS Group Bhd
KLSE:6068
|
$15.78 Million |
|
Lagnam Spintex Limited
NSE:LAGNAM
|
$15.79 Million |
|
SMX (Security Matters) Public Limited Company Class A Ordinary Shares
NASDAQ:SMX
|
$15.79 Million |
|
SBC Corp Bhd
KLSE:5207
|
$15.76 Million |
|
MyTech Group Bhd
KLSE:7692
|
$15.76 Million |
|
Kingsmen C.M.T.I. Public Company Limited
BK:K
|
$15.75 Million |
|
Biosynex
PA:ALBIO
|
$15.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hank Payments Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -6,021,485 to -7,870,454, a change of -1,848,969.
- Net loss of 2,134,797 reduced equity.
- Other factors increased equity by 285,828.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.13 Million | -27.12% |
| Other Changes | CA$285.83K | +3.63% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Hank Payments Corp'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 |
|---|---|---|---|
| 2022-06-30 | CA$-0.06 | CA$0.37 | x |
| 2023-06-30 | CA$-0.47 | CA$0.37 | x |
| 2024-06-30 | CA$-0.62 | CA$0.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hank Payments Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.90%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | -214.00% | 1.41x | 0.00x | CA$-11.02 Million |
| 2023 | 0.00% | -59.00% | 1.40x | 0.00x | CA$-2.88 Million |
| 2024 | 0.00% | -28.90% | 1.48x | 0.00x | CA$-1.35 Million |
Industry Comparison
This section compares Hank Payments Corp's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $-13,799,069
- Average return on equity (ROE) among peers: -41.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hank Payments Corp (HANK) | CA$-7.19 Million | 0.00% | N/A | $15.76 Million |
| BlackBerry Ltd (BB) | $776.00 Million | -16.78% | 0.80x | $2.78 Billion |
| Blockchaink2 Corp (BITK) | $2.90 Million | -23.65% | 0.02x | $2.26 Million |
| Coveo Solutions Inc (CVO) | $-999.08 Million | 0.00% | 0.00x | $179.34 Million |
| Fobi AI Inc (FOBI) | $-294.78K | 0.00% | 0.00x | $6.50 Million |
| Fintech Select Ltd (FTEC) | $-1.41 Million | 0.00% | 0.00x | $2.32 Million |
| Haivision Systems Inc (HAI) | $90.25 Million | -6.86% | 0.65x | $127.86 Million |
| DeepMarkit Corp (MKT) | $1.01 Million | -241.79% | 0.10x | $12.27 Million |
| Mogo Inc (MOGO) | $5.70 Million | -299.77% | 16.37x | $25.11 Million |
| Martello Technologies Group Inc (MTLO) | $733.30K | 213.59% | 0.34x | $2.11 Million |
About Hank Payments Corp
Hank Payments Corp. operates a banking-as-a-service (BaaS) platform in Canada and the United States. The company offers payment solutions to enterprises and its consumers in auto, doors, education, equity builder, lenders, and fintechs. The company was formerly known as Nobelium Tech Corp. and changed its name to Hank Payments Corp. in October 2021. Hank Payments Corp. is headquartered in Toronto… Read more