Novus Acquisition and Development Corp
Novus Acquisition & Development Corp., through its subsidiary, WCIG Insurance Service, Inc., operates as an insurance company in California. It offers health policies in CBD concentrate cannabis space; benefit plans, such as dental, vision, hearing, and telemedicine; and THC health plans. The company was formerly known as BrandQuest Development Group, Inc. and changed its name to Novus Acquisitio… Read more
Novus Acquisition and Development Corp (NDEV) - Total Assets
Latest total assets as of March 2025: $1.89 Million USD
Based on the latest financial reports, Novus Acquisition and Development Corp (NDEV) holds total assets worth $1.89 Million USD as of March 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.
Novus Acquisition and Development Corp - Total Assets Trend (2006–2024)
This chart illustrates how Novus Acquisition and Development Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Novus Acquisition and Development Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Novus Acquisition and Development Corp's total assets of $1.89 Million consist of 11.6% current assets and 88.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 11.6% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $201.02K | 10.7% |
| Goodwill | $223.81K | 11.9% |
Asset Composition Trend (2006–2024)
This chart illustrates how Novus Acquisition and Development Corp'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: Novus Acquisition and Development Corp's current assets represent 11.6% of total assets in 2024, an increase from 0.0% in 2006.
- Cash Position: Cash and equivalents constituted 11.6% of total assets in 2024, up from 0.0% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 21.0% of total assets, an increase from 0.0% in 2006.
- Asset Diversification: The largest asset category is goodwill at 11.9% of total assets.
Novus Acquisition and Development Corp Competitors by Total Assets
Key competitors of Novus Acquisition and Development Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Union Insurance Co Ltd
TW:2816
|
Taiwan | NT$19.37 Billion |
|
SEOUL GUARANTEE INSURANCE
KO:031210
|
Korea | ₩9.39 Trillion |
|
Allianz Malaysia Bhd
KLSE:1163PA
|
Malaysia | RM30.00 Billion |
|
MAA Group Bhd
KLSE:1198
|
Malaysia | RM414.90 Million |
|
A Plus Asset Advisor Co Ltd
KO:244920
|
Korea | ₩496.08 Billion |
|
Tune Protect Group Bhd
KLSE:5230
|
Malaysia | RM1.20 Billion |
|
Alm. Brand A/S
PINK:ABDBY
|
USA | $32.02 Billion |
|
Arch Capital Group Ltd
NASDAQ:ACGL
|
USA | $67.06 Billion |
Novus Acquisition and Development Corp - 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 - Novus Acquisition and Development Corp generates 0.20x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Novus Acquisition and Development Corp generates $9.07 in net profit.
Novus Acquisition and Development Corp - 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 | 1.36 | 1.30 | 1.07 |
| Quick Ratio | 1.36 | 1.30 | 1.07 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $59.08K | $ 46.93K | $ 6.48K |
Novus Acquisition and Development Corp - Advanced Valuation Insights
This section examines the relationship between Novus Acquisition and Development Corp'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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 5.6% |
| Total Assets | $1.88 Million |
| Market Capitalization | $412.22 USD |
Valuation Analysis
Below Book Valuation: The market values Novus Acquisition and Development Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Novus Acquisition and Development Corp's assets grew by 5.6% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Novus Acquisition and Development Corp (2006–2024)
The table below shows the annual total assets of Novus Acquisition and Development Corp from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.88 Million | +5.61% |
| 2023-12-31 | $1.78 Million | +3.35% |
| 2022-12-31 | $1.72 Million | +4.37% |
| 2021-12-31 | $1.65 Million | +70.50% |
| 2020-12-31 | $966.99K | +3.71% |
| 2019-12-31 | $932.39K | +10.56% |
| 2018-12-31 | $843.31K | +20.97% |
| 2017-12-31 | $697.12K | -9.39% |
| 2016-12-31 | $769.34K | +14.29% |
| 2015-12-31 | $673.13K | +641.76% |
| 2014-12-31 | $90.75K | -15.30% |
| 2011-12-31 | $107.14K | -- |
| 2006-12-31 | $0.00 | -- |