DigiAsia Corp (FAAS) - Total Assets
Based on the latest financial reports, DigiAsia Corp (FAAS) holds total assets worth $70.36 Million USD as of June 2024. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore FAAS debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
DigiAsia Corp - Total Assets Trend (2021–2023)
This chart illustrates how DigiAsia Corp's total assets have evolved over time, based on quarterly financial data. See DigiAsia Corp (FAAS) shareholders funds for net asset value and shareholders' equity analysis.
DigiAsia Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
DigiAsia Corp's total assets of $70.36 Million consist of 0.4% current assets and 99.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2023)
This chart illustrates how DigiAsia Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see DigiAsia Corp market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: DigiAsia Corp's current assets represent 0.4% of total assets in 2023, a decrease from 37.7% in 2021.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2023, down from 2.0% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 61.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
DigiAsia Corp Competitors by Total Assets
Key competitors of DigiAsia Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
NortonLifeLock Inc
F:SYM
|
Germany | €15.83 Billion |
|
360 Security Technology Inc
SHG:601360
|
China | CN¥37.53 Billion |
|
Klarna Group plc
NYSE:KLAR
|
USA | $20.78 Billion |
|
Topicus.com Inc
V:TOI
|
Canada | CA$2.33 Billion |
|
Qi An Xin Technology Group Inc
SHG:688561
|
China | CN¥14.72 Billion |
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
DBAPPSecurity Co Ltd
SHG:688023
|
China | CN¥4.10 Billion |
|
Beijing VRV Software Corp Ltd
SHE:300352
|
China | CN¥1.75 Billion |
DigiAsia Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.79 | 0.92 | 4.98 |
| Quick Ratio | 0.79 | 0.84 | 4.98 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-12.74 Million | $-2.14 Million | $1.03 Million |
DigiAsia Corp - Advanced Valuation Insights
This section examines the relationship between DigiAsia Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.03 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -11.0% |
| Total Assets | $27.62 Million |
| Market Capitalization | $1.94 Million USD |
Valuation Analysis
Below Book Valuation: The market values DigiAsia Corp's assets below their book value (0.07x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: DigiAsia Corp's assets decreased by 11.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for DigiAsia Corp (2021–2023)
The table below shows the annual total assets of DigiAsia Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $27.62 Million | -11.05% |
| 2022-12-31 | $31.05 Million | +17.20% |
| 2021-12-31 | $26.50 Million | -- |
About DigiAsia Corp
DigiAsia Corp. develops an AI embedded finance platform in Southeast Asia. It offers B2B fintech platform for bill payments, supply chain payments, and branchless banking solutions for merchants, partners, and customers; digital wallets; QRIS Payment as a Service; Cash Management system for ERP system that allows users to create a closed-loop cash management system; Digital Product & Billers, whi… Read more