Freedom Internet Group Inc
Freedom Internet Group Inc. acquires, holds, and manages royalty interests derived from internet-based businesses in the United States. It offers management consulting services to the operators over the life of the agreement. Freedom Internet Group Inc. was incorporated in 2018 and is headquartered in San Juan, Puerto Rico.
Freedom Internet Group Inc (FIGI) - Total Assets
Latest total assets as of April 2024: $742.58K USD
Based on the latest financial reports, Freedom Internet Group Inc (FIGI) holds total assets worth $742.58K USD as of April 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.
Freedom Internet Group Inc - Total Assets Trend (2019–2023)
This chart illustrates how Freedom Internet Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Freedom Internet Group Inc - Asset Composition Analysis
Current Asset Composition (October 2023)
Freedom Internet Group Inc's total assets of $742.58K consist of 20.2% current assets and 79.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 11.8% |
| Accounts Receivable | $67.77K | 8.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $505.82K | 62.4% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2023)
This chart illustrates how Freedom Internet 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Freedom Internet Group Inc's current assets represent 20.2% of total assets in 2023, a decrease from 70.6% in 2019.
- Cash Position: Cash and equivalents constituted 11.8% of total assets in 2023, down from 70.1% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 62.0% of total assets, an increase from 29.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 62.4% of total assets.
Freedom Internet Group Inc Competitors by Total Assets
Key competitors of Freedom Internet Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bexil Cp
PINK:BXLC
|
USA | $29.44 Million |
|
Norte Grande
SN:NORTEGRAN
|
Chile | CL$2.91 Billion |
|
BlackRock Capital Allocation Trust
NYSE:BCAT
|
USA | $1.87 Billion |
|
Big Tech 50 R&D-Limited Partnership
TA:BIGT
|
Israel | ILA14.08 Million |
|
Zhuhai Huajin Capital Co Ltd
SHE:000532
|
China | CN¥2.38 Billion |
|
Shaanxi International Trust Co Ltd
SHE:000563
|
China | CN¥29.45 Billion |
|
Sichuan Shuangma Cement Co Ltd
SHE:000935
|
China | CN¥9.30 Billion |
|
Sk Securities
KO:001510
|
Korea | ₩7.28 Trillion |
Freedom Internet Group 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
Lower asset utilization - Freedom Internet Group Inc generates 0.04x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Freedom Internet Group Inc is currently not profitable relative to its asset base.
Freedom Internet 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 | 13.57 | 453.05 | 0.32 |
| Quick Ratio | 10.66 | 453.05 | 0.32 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $281.98K | $ 669.03K | $ -1.26 Million |
Freedom Internet Group Inc - Advanced Valuation Insights
This section examines the relationship between Freedom Internet 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 | 19.36 |
| Latest Market Cap to Assets Ratio | 4.13 |
| Asset Growth Rate (YoY) | -24.2% |
| Total Assets | $810.68K |
| Market Capitalization | $3.35 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Freedom Internet Group Inc's assets at a significant premium ( 4.13x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Freedom Internet Group Inc's assets decreased by 24.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Freedom Internet Group Inc (2019–2023)
The table below shows the annual total assets of Freedom Internet Group Inc from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-10-31 | $810.68K | -24.18% |
| 2022-10-31 | $1.07 Million | -22.85% |
| 2021-10-31 | $1.39 Million | -20.26% |
| 2020-10-31 | $1.74 Million | +3.27% |
| 2019-10-31 | $1.68 Million | -- |