Getaround Inc
Getaround, Inc. operates as an online car rental service company for peer-to-peer car sharing. The company operates Getaround, a digital carsharing marketplace, which is accessed through the Getaround app and derives demand from guests who want access to cars nearby 24/7 for various use cases, such as local and long-distance getaways, running errands, business travel, and driving to earn through … Read more
Getaround Inc (GETR) - Total Assets
Latest total assets as of September 2024: $153.31 Million USD
Based on the latest financial reports, Getaround Inc (GETR) holds total assets worth $153.31 Million USD as of September 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.
Getaround Inc - Total Assets Trend (2020–2023)
This chart illustrates how Getaround Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Getaround Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Getaround Inc's total assets of $153.31 Million consist of 16.5% current assets and 83.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 9.7% |
| Accounts Receivable | $1.47 Million | 0.9% |
| Inventory | $7.49 Million | 4.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $13.36 Million | 8.3% |
| Goodwill | $95.87 Million | 59.5% |
Asset Composition Trend (2020–2023)
This chart illustrates how Getaround 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Getaround Inc's current assets represent 16.5% of total assets in 2023, a decrease from 28.9% in 2020.
- Cash Position: Cash and equivalents constituted 9.7% of total assets in 2023, down from 20.1% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 67.0% of total assets, an increase from 65.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 59.5% of total assets.
Getaround Inc Competitors by Total Assets
Key competitors of Getaround Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Getaround Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Getaround Inc generates 0.45x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Getaround Inc is currently not profitable relative to its asset base.
Getaround 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 | 0.59 | 0.40 | 30.09 |
| Quick Ratio | 0.59 | 0.31 | 30.09 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-27.53 Million | $ -51.93 Million | $ 1.17 Million |
Getaround Inc - Advanced Valuation Insights
This section examines the relationship between Getaround 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 | 1.74 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -21.6% |
| Total Assets | $161.14 Million |
| Market Capitalization | $1.38 Million USD |
Valuation Analysis
Below Book Valuation: The market values Getaround Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Getaround Inc's assets decreased by 21.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Getaround Inc (2020–2023)
The table below shows the annual total assets of Getaround Inc from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $161.14 Million | -21.56% |
| 2022-12-31 | $205.42 Million | -9.48% |
| 2021-12-31 | $226.94 Million | -8.49% |
| 2020-12-31 | $247.99 Million | -- |