Latch Inc (LTCHW) - Total Assets
Based on the latest financial reports, Latch Inc (LTCHW) holds total assets worth $294.43 Million USD as of December 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. See LTCHW net asset value for net asset value and shareholders' equity analysis.
Latch Inc - Total Assets Trend (2019–2024)
This chart illustrates how Latch Inc's total assets have evolved over time, based on quarterly financial data.
Latch Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Latch Inc's total assets of $294.43 Million consist of 80.4% current assets and 19.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 32.2% |
| Accounts Receivable | $22.90 Million | 7.8% |
| Inventory | $16.56 Million | 5.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $14.55 Million | 4.9% |
| Goodwill | $25.32 Million | 8.6% |
Asset Composition Trend (2019–2024)
This chart illustrates how Latch Inc'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 Latch Inc (LTCHW) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Latch Inc's current assets represent 80.4% of total assets in 2024, a decrease from 93.7% in 2019.
- Cash Position: Cash and equivalents constituted 32.2% of total assets in 2024, down from 73.7% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 12.0% of total assets, an increase from 4.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 8.6% of total assets.
Latch Inc Competitors by Total Assets
Key competitors of Latch Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Baosight Software Co Ltd A
SHG:600845
|
China | CN¥23.04 Billion |
|
Workiva Inc
NYSE:WK
|
USA | $1.49 Billion |
|
Dave Inc
NASDAQ:DAVE
|
USA | $487.40 Million |
|
Sinosoft Co Ltd
SHG:603927
|
China | CN¥7.14 Billion |
|
ZWSOFT Guangzhou Co Ltd
SHG:688083
|
China | CN¥3.14 Billion |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
China | CN¥913.67 Million |
|
Beijing Join-Cheer Software Co Ltd
SHE:002279
|
China | CN¥2.23 Billion |
|
Changzhou Youon Pubilic Bicycle System Co Ltd
SHG:603776
|
China | CN¥4.29 Billion |
Latch Inc - 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 | 2.51 | 24.50 | 6.78 |
| Quick Ratio | 2.34 | 24.05 | 6.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $142.51 Million | $475.93 Million | $68.50 Million |
Latch Inc - Advanced Valuation Insights
This section examines the relationship between Latch Inc'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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -34.9% |
| Total Assets | $294.43 Million |
| Market Capitalization | $1.93 USD |
Valuation Analysis
Below Book Valuation: The market values Latch Inc's assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Latch Inc's assets decreased by 34.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Latch Inc (2019–2024)
The table below shows the annual total assets of Latch Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $294.43 Million | -34.90% |
| 2021-12-31 | $452.30 Million | +404.75% |
| 2020-12-31 | $89.61 Million | +21.80% |
| 2019-12-31 | $73.57 Million | -- |
About Latch Inc
Latch, Inc., together with its subsidiaries, operates as a technology company in the United States and Canada. The company offers the Latch Platform, a cloud-based software-as-a-service platform to address the access requirements of modern multifamily buildings. Its software products include Mission Control, a web-based application that allows property managers to enable move-ins, control access … Read more