Nexity Financial Corporation
Nexity Financial Corporation, a bank holding company, provides commercial banking services. The company was founded in 1999 and is headquartered in Birmingham, Alabama. On July 21, 2011, the voluntary petition of Nexity Financial Corporation for reorganization under Chapter 11 was converted to liquidation under Chapter 7. It had filed for Chapter 11 bankruptcy on July 22, 2010.
Nexity Financial Corporation (NXTYQ) - Total Assets
Latest total assets as of December 2008: $1.06 Billion USD
Based on the latest financial reports, Nexity Financial Corporation (NXTYQ) holds total assets worth $1.06 Billion USD as of December 2008.
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.
Nexity Financial Corporation - Total Assets Trend (2000–2008)
This chart illustrates how Nexity Financial Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nexity Financial Corporation - Asset Composition Analysis
Current Asset Composition (December 2008)
Nexity Financial Corporation's total assets of $1.06 Billion consist of 11.0% current assets and 89.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 9.2% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $15.22 Million | 1.4% |
| Property, Plant & Equipment | $13.14 Million | 1.2% |
| Intangible Assets | $911.00K | 0.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2000–2008)
This chart illustrates how Nexity Financial Corporation'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: Nexity Financial Corporation's current assets represent 11.0% of total assets in 2008, an increase from 0.0% in 2000.
- Cash Position: Cash and equivalents constituted 9.2% of total assets in 2008, up from 0.0% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2000.
- Asset Diversification: The largest asset category is inventory at 1.4% of total assets.
Nexity Financial Corporation Competitors by Total Assets
Key competitors of Nexity Financial Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Nexity Financial Corporation - 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 - Nexity Financial Corporation generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Nexity Financial Corporation is currently not profitable relative to its asset base.
Nexity Financial Corporation - 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 | 0.14 | 2.52 | 2.52 |
| Quick Ratio | 0.12 | 2.18 | 2.18 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-702.22 Million | $ 15.19 Million | $ 15.19 Million |
Nexity Financial Corporation - Advanced Valuation Insights
This section examines the relationship between Nexity Financial Corporation'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 | 0.01 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 12.1% |
| Total Assets | $1.06 Billion |
| Market Capitalization | $0.96 USD |
Valuation Analysis
Below Book Valuation: The market values Nexity Financial Corporation's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Nexity Financial Corporation's assets grew by 12.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Nexity Financial Corporation (2000–2008)
The table below shows the annual total assets of Nexity Financial Corporation from 2000 to 2008.
| Year | Total Assets | Change |
|---|---|---|
| 2008-12-31 | $1.06 Billion | +12.07% |
| 2007-12-31 | $947.21 Million | +6.31% |
| 2006-12-31 | $891.02 Million | +13.58% |
| 2005-12-31 | $784.52 Million | +28.45% |
| 2004-12-31 | $610.77 Million | +16.85% |
| 2003-12-31 | $522.68 Million | +13.93% |
| 2002-12-31 | $458.77 Million | +30.89% |
| 2001-12-31 | $350.51 Million | +46.35% |
| 2000-12-31 | $239.50 Million | -- |