New Green Hemp Inc.
New Green Hemp Inc. cultivates and sells hemp products. The company was formerly known as Galenfeha, Inc. and changed its name to New Green Hemp Inc. in December 2024. The company was incorporated in 2013 and is headquartered in Tallahassee, Florida.
New Green Hemp Inc. (NGHI) - Total Assets
Latest total assets as of September 2024: $2.41 Million USD
Based on the latest financial reports, New Green Hemp Inc. (NGHI) holds total assets worth $2.41 Million USD as of September 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.
New Green Hemp Inc. - Total Assets Trend (2013–2023)
This chart illustrates how New Green Hemp Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
New Green Hemp Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
New Green Hemp Inc.'s total assets of $2.41 Million consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.2% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2023)
This chart illustrates how New Green Hemp 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: New Green Hemp Inc.'s current assets represent 100.0% of total assets in 2023, an increase from 88.9% in 2013.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2023, down from 79.5% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
New Green Hemp Inc. Competitors by Total Assets
Key competitors of New Green Hemp Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Jindal Drilling And Industries Limited
NSE:JINDRILL
|
India | ₹25.94 Billion |
|
Dolfines SA
F:JPZ
|
Germany | €9.21 Million |
|
Jutal Offshore Oil Services Ltd
PINK:JUTOF
|
USA | $3.13 Billion |
|
Key Energy Services Inc
PINK:KEGX
|
USA | $256.56 Million |
|
Kodiak Gas Services, Inc.
NYSE:KGS
|
USA | $4.37 Billion |
|
Koil Energy Solutions Inc.
OTCQB:KLNG
|
USA | $19.66 Million |
|
KLX Energy Services Holdings Inc
NASDAQ:KLXE
|
USA | $358.20 Million |
|
LandBridge Company LLC
NYSE:LB
|
USA | $1.08 Billion |
New Green Hemp 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 - New Green Hemp Inc. generates 1.61x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, New Green Hemp Inc. generates $ 666.39 in net profit.
New Green Hemp 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 | 0.62 | 0.00 | 0.34 |
| Quick Ratio | 0.54 | 0.00 | 0.34 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-775.32K | $ -165.90K | $ -98.29K |
New Green Hemp Inc. - Advanced Valuation Insights
This section examines the relationship between New Green Hemp 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 | 2335.19 |
| Latest Market Cap to Assets Ratio | 0.38 |
| Asset Growth Rate (YoY) | 56480.0% |
| Total Assets | $31.12K |
| Market Capitalization | $11.71K USD |
Valuation Analysis
Below Book Valuation: The market values New Green Hemp Inc.'s assets below their book value (0.38 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: New Green Hemp Inc.'s assets grew by 56480.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for New Green Hemp Inc. (2013–2023)
The table below shows the annual total assets of New Green Hemp Inc. from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $31.12K | +56480.00% |
| 2022-12-31 | $55.00 | 0.00% |
| 2021-12-31 | $55.00 | -99.99% |
| 2020-12-31 | $555.96K | +584.27% |
| 2019-12-31 | $81.25K | -96.45% |
| 2018-12-31 | $2.29 Million | +4066.21% |
| 2017-12-31 | $54.96K | -89.55% |
| 2016-12-31 | $526.20K | -69.24% |
| 2015-12-31 | $1.71 Million | +185.79% |
| 2014-12-31 | $598.66K | +547.30% |
| 2013-12-31 | $92.48K | -- |