Health Advance Inc
Health Advance Inc., a development stage company, operates as an on-line retailer of home medical products in Canada and the United States. It intends to offers aids to daily living, ambulatory, bath safety, core wound care, diabetic, enteral nutrition-feeding, home diagnostics, incontinence, orthopedic, ostomy, pain management, professional use and diagnostic, respiratory, tracheostomy care, spe… Read more
Health Advance Inc (HADV) - Total Assets
Latest total assets as of December 2025: $503.75K USD
Based on the latest financial reports, Health Advance Inc (HADV) holds total assets worth $503.75K USD as of December 2025.
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.
Health Advance Inc - Total Assets Trend (2011–2024)
This chart illustrates how Health Advance Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Health Advance Inc - Asset Composition Analysis
Current Asset Composition (March 2024)
Health Advance Inc's total assets of $503.75K consist of 63.8% current assets and 36.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.1% |
| Accounts Receivable | $36.23K | 7.2% |
| Inventory | $0.64 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $180.00K | 35.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Health Advance 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: Health Advance Inc's current assets represent 63.8% of total assets in 2024, a decrease from 100.0% in 2011.
- Cash Position: Cash and equivalents constituted 0.1% of total assets in 2024, down from 26.1% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 35.0% of total assets, an increase from 0.0% in 2011.
- Asset Diversification: The largest asset category is intangible assets at 35.9% of total assets.
Health Advance Inc Competitors by Total Assets
Key competitors of Health Advance Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Cachet Pharmaceutical Co Ltd
SHE:002462
|
China | CN¥12.68 Billion |
|
Yunnan Hongxiang Yixintang
SHE:002727
|
China | CN¥15.84 Billion |
|
Luyan Pharma Co Ltd
SHE:002788
|
China | CN¥13.04 Billion |
|
Ji Yao Holding Group Co Ltd
SHE:300108
|
China | CN¥1.43 Billion |
|
Sichuan Hezong Medicine Easy-to-buy Pharmaceutical Co. Ltd.
SHE:300937
|
China | CN¥1.75 Billion |
|
ShuYu Civilian Pharmacy Corp. Ltd.
SHE:301017
|
China | CN¥9.84 Billion |
|
Hunan Dajiaweikang Pharmaceutical Industry Co.Ltd
SHE:301126
|
China | CN¥6.56 Billion |
|
Anhui Huaren Health Pharmaceutical Co. Ltd. Cl A
SHE:301408
|
China | CN¥5.26 Billion |
Health Advance 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 - Health Advance Inc generates 0.02x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Health Advance Inc is currently not profitable relative to its asset base.
Health Advance 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 | 0.82 | 0.97 | 0.00 |
| Quick Ratio | 0.82 | 0.97 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-68.39K | $ -10.06K | $ -98.39K |
Health Advance Inc - Advanced Valuation Insights
This section examines the relationship between Health Advance 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 | 0.43 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -1.6% |
| Total Assets | $501.28K |
| Market Capitalization | $25.40K USD |
Valuation Analysis
Below Book Valuation: The market values Health Advance Inc's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Health Advance Inc's assets decreased by 1.6% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Health Advance Inc (2011–2024)
The table below shows the annual total assets of Health Advance Inc from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-03-31 | $501.28K | -1.59% |
| 2023-03-31 | $509.38K | +64.92% |
| 2022-03-31 | $308.86K | +44.13% |
| 2021-03-31 | $214.30K | -- |
| 2017-03-31 | $0.00 | -- |
| 2016-03-31 | $0.00 | -- |
| 2015-03-31 | $0.00 | -- |
| 2014-03-31 | $526.00 | -77.77% |
| 2013-03-31 | $2.37K | -93.01% |
| 2011-03-31 | $33.84K | -- |