Qualis Innovations Inc
Qualis Innovations, Inc., a clinical stage company, focuses on the development, production, and distribution of pain management and other central nervous system (CNS) based solutions in the United States. It develops SOLACE, a non-invasive medical device to use electromagnetic induction to generate deep heat below the surface of the skin to reduce and relieve pain. Qualis Innovations, Inc. is hea… Read more
Qualis Innovations Inc (QLIS) - Total Assets
Latest total assets as of September 2024: $46.70K USD
Based on the latest financial reports, Qualis Innovations Inc (QLIS) holds total assets worth $46.70K 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.
Qualis Innovations Inc - Total Assets Trend (2006–2024)
This chart illustrates how Qualis Innovations Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Qualis Innovations Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Qualis Innovations Inc's total assets of $46.70K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 100.0% |
| 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 (2006–2024)
This chart illustrates how Qualis Innovations 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: Qualis Innovations Inc's current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2006.
- Cash Position: Cash and equivalents constituted 100.0% of total assets in 2024, up from 99.7% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2006.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Qualis Innovations Inc Competitors by Total Assets
Key competitors of Qualis Innovations Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
China | CN¥5.17 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
China | CN¥16.67 Billion |
|
Double Medical Technology Inc
SHE:002901
|
China | CN¥4.55 Billion |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
China | CN¥6.10 Billion |
|
Shinhung
KO:004080
|
Korea | ₩153.50 Billion |
|
UMediC Group Berhad
KLSE:0256
|
Malaysia | RM94.93 Million |
|
Osang Healthcare Co.,Ltd
KQ:036220
|
Korea | ₩287.70 Billion |
|
HansBiomed Corporation
KQ:042520
|
Korea | ₩126.41 Billion |
Qualis Innovations 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 - Qualis Innovations Inc generates 16.53x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Qualis Innovations Inc is currently not profitable relative to its asset base.
Qualis Innovations 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 | 1.18 | 4.07 | 1.76 |
| Quick Ratio | 1.18 | 2.36 | 1.34 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $6.98K | $ 72.02K | $ 4.31 Million |
Qualis Innovations Inc - Advanced Valuation Insights
This section examines the relationship between Qualis Innovations 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 | 790.66 |
| Latest Market Cap to Assets Ratio | 988.23 |
| Asset Growth Rate (YoY) | 0.0% |
| Total Assets | $2.43K |
| Market Capitalization | $2.40 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Qualis Innovations Inc's assets at a significant premium ( 988.23x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: Qualis Innovations Inc's assets decreased by 0.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Qualis Innovations Inc (2006–2024)
The table below shows the annual total assets of Qualis Innovations Inc from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.43K | 0.00% |
| 2023-12-31 | $2.43K | -99.18% |
| 2022-12-31 | $295.46K | -63.07% |
| 2021-12-31 | $800.06K | -1.51% |
| 2020-12-31 | $812.34K | -30.24% |
| 2019-12-31 | $1.16 Million | -94.77% |
| 2011-12-31 | $22.25 Million | +32452.41% |
| 2010-12-31 | $68.35K | 0.00% |
| 2010-07-31 | $68.35K | -38.55% |
| 2009-12-31 | $111.23K | -95.13% |
| 2008-12-31 | $2.29 Million | -84.79% |
| 2007-12-31 | $15.03 Million | +31627.67% |
| 2006-12-31 | $47.37K | -- |