Covista Communications Inc
Covista Communications, Inc. provides telecommunications and data services in the United States. It offers a range of voice, data, and Internet solutions, including local, long distance, and toll-free services, calling cards, frame relay, Internet access, virtual private network, directory assistance, and teleconferencing services. The company provides a range of domestic and international long d… Read more
Covista Communications Inc (CVST) - Total Assets
Latest total assets as of April 2005: $24.31 Million USD
Based on the latest financial reports, Covista Communications Inc (CVST) holds total assets worth $24.31 Million USD as of April 2005.
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.
Covista Communications Inc - Total Assets Trend (1986–2005)
This chart illustrates how Covista Communications Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Covista Communications Inc - Asset Composition Analysis
Current Asset Composition (January 2005)
Covista Communications Inc's total assets of $24.31 Million consist of 67.0% current assets and 33.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 31.6% |
| Accounts Receivable | $9.02 Million | 33.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $6.08 Million | 22.3% |
| Intangible Assets | $2.37 Million | 8.7% |
| Goodwill | $200.00K | 0.7% |
Asset Composition Trend (1986–2005)
This chart illustrates how Covista Communications 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: Covista Communications Inc's current assets represent 67.0% of total assets in 2005, an increase from 63.9% in 1986.
- Cash Position: Cash and equivalents constituted 31.6% of total assets in 2005, down from 43.4% in 1986.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 8.0% of total assets, an increase from 2.0% in 1986.
- Asset Diversification: The largest asset category is accounts receivable at 33.1% of total assets.
Covista Communications Inc Competitors by Total Assets
Key competitors of Covista Communications Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
WQN Inc
PINK:WQNI
|
USA | $1.39 Million |
|
XOX Technology Bhd
KLSE:0017
|
Malaysia | RM95.64 Million |
|
Beijing Bewinner Communications Co Ltd
SHE:002148
|
China | CN¥1.41 Billion |
|
Net263 Ltd
SHE:002467
|
China | CN¥2.46 Billion |
|
Runjian Communication Co Ltd Class A
SHE:002929
|
China | CN¥21.50 Billion |
|
Redtone International Bhd
KLSE:0032
|
Malaysia | RM403.21 Million |
|
Inscobee
KO:006490
|
Korea | ₩77.14 Billion |
|
Green Packet Bhd
KLSE:0082
|
Malaysia | RM167.93 Million |
Covista Communications 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 - Covista Communications Inc generates 2.20x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Covista Communications Inc is currently not profitable relative to its asset base.
Covista Communications 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 | 1.46 | 0.68 | 0.91 |
| Quick Ratio | 1.46 | 0.63 | 0.91 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $4.95 Million | $ -7.07 Million | $ -2.71 Million |
Covista Communications Inc - Advanced Valuation Insights
This section examines the relationship between Covista Communications 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 | 1.18 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -33.4% |
| Total Assets | $27.23 Million |
| Market Capitalization | $2.74 USD |
Valuation Analysis
Below Book Valuation: The market values Covista Communications Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Covista Communications Inc's assets decreased by 33.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Covista Communications Inc (1986–2005)
The table below shows the annual total assets of Covista Communications Inc from 1986 to 2005.
| Year | Total Assets | Change |
|---|---|---|
| 2005-01-31 | $27.23 Million | -33.40% |
| 2004-01-31 | $40.89 Million | -19.91% |
| 2003-01-31 | $51.05 Million | +63.33% |
| 2002-01-31 | $31.26 Million | -20.05% |
| 2001-01-31 | $39.10 Million | -13.47% |
| 2000-01-31 | $45.18 Million | -1.13% |
| 1999-01-31 | $45.70 Million | +13.68% |
| 1998-01-31 | $40.20 Million | +31.80% |
| 1997-01-31 | $30.50 Million | +49.51% |
| 1996-01-31 | $20.40 Million | +35.10% |
| 1995-01-31 | $15.10 Million | +36.04% |
| 1994-01-31 | $11.10 Million | +23.33% |
| 1993-01-31 | $9.00 Million | -10.89% |
| 1992-01-31 | $10.10 Million | -4.72% |
| 1991-01-31 | $10.60 Million | +3.92% |
| 1990-01-31 | $10.20 Million | +5.15% |
| 1989-01-31 | $9.70 Million | +11.49% |
| 1988-01-31 | $8.70 Million | +3.57% |
| 1987-01-31 | $8.40 Million | +1.20% |
| 1986-01-31 | $8.30 Million | -- |