Mint Corp
The Mint Corporation, through its subsidiaries, provides vertically integrated prepaid card and payroll services primarily in the Middle East. It manages the issuance, administration, customer support, payment processing, set-up, sponsorship, and regulated reporting of cards and related activities to government authorities. It offers its solutions through a network of ATMs, payment processing pla… Read more
Mint Corp (MIT) - Net Assets
Latest net assets as of December 2023: CA$-837.17K CAD
Based on the latest financial reports, Mint Corp (MIT) has net assets worth CA$-837.17K CAD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$51.18K) and total liabilities (CA$888.36K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-837.17K |
| % of Total Assets | -1635.65% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Mint Corp - Net Assets Trend (2015–2023)
This chart illustrates how Mint Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mint Corp (2015–2023)
The table below shows the annual net assets of Mint Corp from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$-837.17K | -239.57% |
| 2022-12-31 | CA$599.81K | +102.10% |
| 2021-12-31 | CA$-28.52 Million | -21.44% |
| 2020-12-31 | CA$-23.48 Million | -1.17% |
| 2019-12-31 | CA$-23.21 Million | -22.09% |
| 2018-12-31 | CA$-19.01 Million | +71.98% |
| 2017-12-31 | CA$-67.85 Million | -12.63% |
| 2016-12-31 | CA$-60.24 Million | -11.23% |
| 2015-12-31 | CA$-54.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mint 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 grown by 3435200700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$52.77 Million | % |
| Total Equity | CA$-837.17K | 100.00% |
Mint Corp Competitors by Market Cap
The table below lists competitors of Mint Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Merino & Co. Ltd
AU:MNC
|
$1.85 Million |
|
Tactical Resources Corp.
PINK:USREF
|
$1.85 Million |
|
Interpace Biosciences Inc
OTCQX:IDXG
|
$1.85 Million |
|
Nakoda Group of Industries Limited
NSE:NGIL
|
$1.85 Million |
|
HERSHEY
MU:HSY
|
$1.85 Million |
|
Papyrus Australia Ltd
AU:PPY
|
$1.85 Million |
|
Feishang Anthracite Resources Limited
PINK:FSHRF
|
$1.85 Million |
|
DISCOVER FNCL SRVCS
MU:DC7
|
$1.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mint Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 599,810 to -837,174, a change of -1,436,984 (-239.6%).
- Net loss of 1,436,984 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.44 Million | -171.65% |
| Total Change | CA$- | -239.57% |
Book Value vs Market Value Analysis
This analysis compares Mint Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-0.44 | CA$0.03 | x |
| 2018-12-31 | CA$-0.10 | CA$0.03 | x |
| 2019-12-31 | CA$-0.12 | CA$0.03 | x |
| 2020-12-31 | CA$-0.11 | CA$0.03 | x |
| 2021-12-31 | CA$-0.13 | CA$0.03 | x |
| 2022-12-31 | CA$0.00 | CA$0.03 | x |
| 2023-12-31 | CA$0.00 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mint Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (539.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-3.17 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-3.11 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-3.01 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$39.17 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.93 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$968.29K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.18 Million |
| 2022 | 4854.33% | 0.00% | 0.00x | 1.87x | CA$29.06 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.35 Million |
Industry Comparison
This section compares Mint Corp's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $3,239,036
- Average return on equity (ROE) among peers: -52.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mint Corp (MIT) | CA$-837.17K | 0.00% | N/A | $1.85 Million |
| Axis Auto Finance Inc (AXIS) | $160.07K | 0.00% | 0.03x | $223.46K |
| Everyday People Financial Corp. (EPF) | $6.32 Million | -104.91% | 9.12x | $27.31 Million |