Tingo Group Inc. Total Assets
Tingo Group Inc. total assets. Based on the latest financial reports, Tingo Group Inc. (TIO) holds total assets worth $1.93 Billion USD as of September 2023. 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. Also see Tingo Group Inc. stock valuation for the company's overall valuation and market capitalisation.
Total Assets of Tingo Group Inc. (2004–2022)
Total assets of Tingo Group Inc. from 2004 to 2022. This chart illustrates how Tingo Group Inc.'s total assets have evolved over time, based on quarterly financial data. See TIO stock price for real-time trading data and today's change.
Tingo Group Inc. - Asset Composition Analysis
Tingo Group Inc. Total Assets Breakdown (December 2022)
Tingo Group Inc. total assets breakdown as of December 2022. Tingo Group Inc.'s total assets of $1.93 Billion consist of 31.6% current assets and 68.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 29.7% |
| Accounts Receivable | $26.73 Million | 1.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $185.41 Million | 11.0% |
| Goodwill | $101.25 Million | 6.0% |
Asset Composition Trend (2004–2022)
This chart illustrates how Tingo Group 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. Explore TIO current assets to equity ratio to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Tingo Group Inc.'s current assets represent 31.6% of total assets in 2022, a decrease from 93.0% in 2004.
- Cash Position: Cash and equivalents constituted 29.7% of total assets in 2022, up from 2.0% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 17.0% of total assets, an increase from 0.0% in 2004.
- Asset Diversification: The largest asset category is intangible assets at 11.0% of total assets.
Tingo Group Inc. Competitors by Total Assets
Key competitors of Tingo Group Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Lumine Group Inc.
V:LMN
|
Canada | CA$1.27 Billion |
|
TaTaTu SpA
PA:ALTTU
|
France | €87.76 Million |
|
Wealthfront Corporation Common Stock
NASDAQ:WLTH
|
USA | $1.78 Billion |
|
IReader Technology Co Ltd
SHG:603533
|
China | CN¥2.90 Billion |
|
AXWAY SOFTWARE EO 2
F:1XV
|
Germany | €1.21 Billion |
|
Nanjing Doron Technology Corp
SHG:603528
|
China | CN¥2.30 Billion |
|
Chrysos Corporation Ltd
AU:C79
|
Australia | AU$306.47 Million |
|
Socar Inc.
KO:403550
|
Korea | ₩637.24 Billion |
Tingo Group 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 | 1.36 | 4.90 | 0.92 |
| Quick Ratio | 1.36 | 5.25 | 0.41 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $164.31 Million | $76.62 Million | $-684.00K |
Tingo Group Inc. - Advanced Valuation Insights
This section examines the relationship between Tingo Group 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 | 0.01 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 846.1% |
| Total Assets | $1.68 Billion |
| Market Capitalization | $5.37 Million USD |
Valuation Analysis
Below Book Valuation: The market values Tingo Group Inc.'s assets below their book value (0.00x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Tingo Group Inc.'s assets grew by 846.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Tingo Group Inc. (2004–2022)
The table below shows the annual total assets of Tingo Group Inc. from 2004 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $1.68 Billion | +846.15% |
| 2021-12-31 | $177.81 Million | +128.75% |
| 2020-12-31 | $77.73 Million | +1213.72% |
| 2019-12-31 | $5.92 Million | -41.66% |
| 2018-12-31 | $10.14 Million | -65.89% |
| 2017-12-31 | $29.73 Million | -6.86% |
| 2016-12-31 | $31.92 Million | -20.48% |
| 2015-12-31 | $40.14 Million | -10.66% |
| 2014-12-31 | $44.93 Million | +4.91% |
| 2013-12-31 | $42.83 Million | +12.91% |
| 2012-12-31 | $37.93 Million | +201.57% |
| 2011-12-31 | $12.58 Million | +35.48% |
| 2010-12-31 | $9.28 Million | +9.33% |
| 2009-12-31 | $8.49 Million | -17.27% |
| 2008-12-31 | $10.27 Million | +5.42% |
| 2007-12-31 | $9.74 Million | +16.36% |
| 2006-12-31 | $8.37 Million | +20.77% |
| 2005-12-31 | $6.93 Million | +12.25% |
| 2004-12-31 | $6.17 Million | -- |
About Tingo Group Inc.
Tingo Group, Inc. engages in the financial technology and agri-fintech businesses delivering financial inclusion and financial upliftment to rural farming communities in Africa, Southeast Asia, and the Middle East. The company operates through Verticals and Technology, Online Stock Trading, Comprehensive Platform Service segments. Its platform service through use of smartphones device as a servic… Read more