Rushnet Inc
RushNet, Inc. provides laboratory diagnostic testing services. It offers high-complexity urine drug testing, behavioral drug testing, allergy droplet cards, oral fluids, and infectious disease services. The company is based in Jacksonville, Florida.
Rushnet Inc (RSHN) - Total Assets
Latest total assets as of March 2024: $4.29 Million USD
Based on the latest financial reports, Rushnet Inc (RSHN) holds total assets worth $4.29 Million USD as of March 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.
Rushnet Inc - Total Assets Trend (1998–2023)
This chart illustrates how Rushnet Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Rushnet Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Rushnet Inc's total assets of $4.29 Million consist of 8.0% current assets and 92.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $439.67K | 7.3% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $5.55 Million | 91.8% |
Asset Composition Trend (1998–2023)
This chart illustrates how Rushnet 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: Rushnet Inc's current assets represent 8.0% of total assets in 2023, an increase from 0.0% in 1998.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2023, up from 0.0% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 91.0% of total assets, an increase from 0.0% in 1998.
- Asset Diversification: The largest asset category is goodwill at 91.8% of total assets.
Rushnet Inc Competitors by Total Assets
Key competitors of Rushnet Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
ADCNF
OTCGREY:ADCNF
|
USA | $4.51 Billion |
|
Berry Genomics Co Ltd
SHE:000710
|
China | CN¥2.34 Billion |
|
Malaysian Genomics Resource
KLSE:0155
|
Malaysia | RM20.70 Million |
|
NSN Co. Ltd
KQ:031860
|
Korea | ₩60.96 Billion |
|
JOONGANG DNM Co.Ltd
KQ:051980
|
Korea | ₩121.79 Billion |
|
GeneMatrix Inc
KQ:109820
|
Korea | ₩28.03 Billion |
|
Genoray Co. Ltd
KQ:122310
|
Korea | ₩125.67 Billion |
|
Green Cross Lab Cell Corporation
KQ:144510
|
Korea | ₩565.79 Billion |
Rushnet 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 - Rushnet Inc generates 0.30x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Rushnet Inc is currently not profitable relative to its asset base.
Rushnet 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 | 1.87 | 0.13 | 0.00 |
| Quick Ratio | 1.87 | 0.13 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $83.27K | $ -3.17 Million | $ -119.71K |
Rushnet Inc - Advanced Valuation Insights
This section examines the relationship between Rushnet 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -17.3% |
| Total Assets | $6.05 Million |
| Market Capitalization | $1.90 USD |
Valuation Analysis
Below Book Valuation: The market values Rushnet Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Rushnet Inc's assets decreased by 17.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Rushnet Inc (1998–2023)
The table below shows the annual total assets of Rushnet Inc from 1998 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $6.05 Million | -17.33% |
| 2022-12-31 | $7.32 Million | -7.23% |
| 2021-12-31 | $7.89 Million | +15.92% |
| 2020-12-31 | $6.80 Million | +11149.55% |
| 2019-12-31 | $60.47K | -99.31% |
| 2018-12-31 | $8.78 Million | +686.78% |
| 1999-12-31 | $1.12 Million | -20.72% |
| 1998-12-31 | $1.41 Million | -- |