Hire Technologies Inc
Hire Technologies Inc., through its subsidiaries, provides human resources services in Canada. The company offers recurring contract staffing, on occurrence permanent placement, executive search, and software-as-a-service performance management tool services. Hire Technologies Inc. is based in Vancouver, Canada.
Hire Technologies Inc (HIRRF) - Total Assets
Latest total assets as of September 2022: $21.56 Million USD
Based on the latest financial reports, Hire Technologies Inc (HIRRF) holds total assets worth $21.56 Million USD as of September 2022.
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.
Hire Technologies Inc - Total Assets Trend (2017–2021)
This chart illustrates how Hire Technologies Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Hire Technologies Inc - Asset Composition Analysis
Current Asset Composition (December 2021)
Hire Technologies Inc's total assets of $21.56 Million consist of 32.0% current assets and 68.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.2% |
| Accounts Receivable | $5.54 Million | 22.9% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $6.29 Million | 26.0% |
| Goodwill | $9.70 Million | 40.2% |
Asset Composition Trend (2017–2021)
This chart illustrates how Hire Technologies 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: Hire Technologies Inc's current assets represent 32.0% of total assets in 2021, a decrease from 351.3% in 2017.
- Cash Position: Cash and equivalents constituted 7.2% of total assets in 2021, down from 92.1% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 66.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is goodwill at 40.2% of total assets.
Hire Technologies Inc Competitors by Total Assets
Key competitors of Hire Technologies Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
SaraminHR Co.Ltd
KQ:143240
|
Korea | ₩225.33 Billion |
|
Beijing Career International Co Ltd
SHE:300662
|
China | CN¥4.26 Billion |
|
104 Corporation
TW:3130
|
Taiwan | NT$3.68 Billion |
|
DLSI
PA:ALDLS
|
France | €124.92 Million |
|
Beijing Urban Rural Commercial Group Co Ltd
SHG:600861
|
China | CN¥16.34 Billion |
|
Amadeus Fire AG
XETRA:AAD
|
Germany | €362.83 Million |
|
Aarvi Encon Limited
NSE:AARVI
|
India | ₹2.22 Billion |
|
Ace Integrated Solutions Limited
NSE:ACEINTEG
|
India | ₹176.50 Million |
Hire Technologies 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
Strong asset utilization - Hire Technologies Inc generates 1.15x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Hire Technologies Inc is currently not profitable relative to its asset base.
Hire Technologies 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 | 0.30 | 0.94 | 1.79 |
| Quick Ratio | 0.30 | 0.94 | 1.79 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-16.01 Million | $ -602.77K | $ 1.55 Million |
Hire Technologies Inc - Advanced Valuation Insights
This section examines the relationship between Hire Technologies 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 | 5.96 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 83.1% |
| Total Assets | $24.16 Million |
| Market Capitalization | $338.31K USD |
Valuation Analysis
Below Book Valuation: The market values Hire Technologies Inc's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Hire Technologies Inc's assets grew by 83.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Hire Technologies Inc (2017–2021)
The table below shows the annual total assets of Hire Technologies Inc from 2017 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-12-31 | $24.16 Million | +83.07% |
| 2020-12-31 | $13.20 Million | +105.19% |
| 2019-12-31 | $6.43 Million | +620.07% |
| 2018-12-31 | $893.36K | +213.46% |
| 2017-12-31 | $285.00K | -- |