LIG Assets, Inc. - LIGA

LIGA Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
LIGA	0	14.0	-20.6	-41.5	-51.7	-33.9	-97.6	-91.7	-73.7	-99.4
S&P 500	-1.5	-2.0	0.7	5.7	10.3	30.1	25.1	87.7	186.9	33067.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	LIGA
name	LIG Assets, Inc.
price	0.0158
changes percentage	0
change	0
day low	0.0114
day high	0.0158
year high	0.0369
year low	0.0102
market cap	714941
price avg 50	0.021697
price avg 200	0.024039
exchange	PNK
volume	8000
avg volume	54819
open	0.0114
previous close	0.0114
eps	0.009
pe	1.76
earnings announcement	None
shares outstanding	45249400
timestamp	2024-11-14 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 38.3%

Overall Quarterly Financial Health: 44.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	768420	989218	-22.32
gross profit	193423	230455	-16.07
gross profit ratio	0.25	0.23	8.05
research and development expenses	0.08	-0.21	140.40
operating expenses	121893	249903	-51.22
interest income	0	0	NaN
interest expense	7416	184849	-95.99
ebitda	71530	-19450	467.76
ebitdaratio	0.09	-0.02	573.44
operating income	71530	-19450	467.76
operating income ratio	0.09	-0.02	573.44
net income	64114	-204297	131.38
net income ratio	0.08	-0.21	140.40
eps	0.0	-0.0	131.82

Overall Score of Annual Income Statement

None

Detailed Analysis

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	114488	100128	14.34
gross profit	68488	44228	54.85
gross profit ratio	0.6	0.44	35.43
research and development expenses	0	0	NaN
operating expenses	-12863	-4158	-209.36
interest income	0	0	NaN
interest expense	0	0	NaN
ebitda	55625	40068	38.83
ebitdaratio	0.49	0.4	21.41
operating income	55625	40070	38.82
operating income ratio	0.49	0.4	21.41
net income	55625	40068	38.83
net income ratio	0.49	0.4	21.41
eps	0.0	0.0	33.33

Overall Score of Quarterly Income Statement

1.0 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 14.34%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 54.85%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -209.36%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 38.83%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 38.82%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of 38.83%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	2790860	2926916	-4.65
total liabilities	941180	967569	-2.73
total equity	2629938	2668151	-1.43
cash and cash equivalents	16721	37715	-55.66
short term investments	124201	221050	-43.81
long term investments	2438165	2464165	-1.06
total current assets	2931782	258765	1032.99
total non current assets	5353226	2668151	100.63
total current liabilities	1862360	1935138	-3.76
total non current liabilities	941180	967569	-2.73
common stock	4696	234822	-98.00
retained earnings	403137	512804	-21.39
total debt	921180	967569	-4.79

Overall Score of Annual Balance Sheet

0.4 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 3 million in 2023 from 3 million in 2022 representing a change of -4.65%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 3 million in 2023 from 3 million in 2022 representing a change of -1.43%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2023 from 0 million in 2022 representing a change of -55.66%. This indicates a decrease in available liquid assets.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 0 million in 2022 representing a change of -43.81%. This indicates a decrease in short-term investment holdings.

  Common Stock: Common Stock decreased to 0 in 2023 from 0 in 2022 representing a change of -98.0%. This indicates a decrease in ownership interest.

  Retained Earnings: Retained Earnings decreased to 0 million in 2023 from 1 million in 2022 representing a change of -21.39%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 1 million in 2023 from 1 million in 2022 representing a change of -2.73%. This indicates a decrease in overall liabilities.

  Total Current Assets: Total Current Assets increased to 3 million in 2023 from 0 million in 2022 representing a change of 1032.99%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 2 million in 2023 from 2 million in 2022 representing a change of -3.76%. This indicates a lower short-term debt burden.

  Total Debt: Total Debt decreased to 1 million in 2023 from 1 million in 2022 representing a change of -4.79%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	2778509	2800553	-0.79
total liabilities	905430	917680	-1.33
total equity	1873079	1882873	-0.52
cash and cash equivalents	154	22198	-99.31
short term investments	114917	114917	0.00
long term investments	0	0	NaN
total current assets	0	0	NaN
total non current assets	0	0	NaN
total current liabilities	0	0	NaN
total non current liabilities	0	917680	-100.00
common stock	4696	4696	0.00
retained earnings	426536	436330	-2.24
total debt	885430	897680	-1.36

Overall Score of Quarterly Balance Sheet

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 3 million in 2024Q3 from 3 million in 2024Q2 representing a change of -0.79%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of -0.52%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -99.31%. This indicates a decrease in available liquid assets.

  Retained Earnings: Retained Earnings decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -2.24%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of -1.33%. This indicates a decrease in overall liabilities.

  Total Debt: Total Debt decreased to 1 million in 2024Q3 from 1 million in 2024Q2 representing a change of -1.36%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	-20994	-585448	96.41
operating cash flow	170248	-203059	183.84
free cash flow	170250	-203059	183.84
capital expenditure	2	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	2	0	NaN
net cash used for investing activites	8928	-431260	102.07
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-200170	52318	-482.60
cash at end of period	16721	37715	-55.66
accounts receivables	0	0	NaN
cash at beginning of period	37715	623163	-93.95

Overall Score of Annual Cashflow Statement

0.75 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2023 from -1 million in 2022 representing a change of 96.41%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow increased to 0 million in 2023 from 0 million in 2022 representing a change of 183.84%. This indicates that the company generated more cash from its core business operations.

  Free Cash Flow: Free Cash Flow increased to 0 million in 2023 from 0 million in 2022 representing a change of 183.84%. This indicates an increase in cash generated after accounting for capital expenditures.

• 📉 Negative Indicators

  Capital Expenditure: Capital Expenditure increased to 0 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates an increase in the cash outflow required for acquiring or improving long-term assets.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	39780	52566	-24.32
free cash flow	39780	52566	-24.32
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	-6700	-6800	1.47
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	-35334	-45283	21.97
net change in cash	-2255	7732	-129.16
cash at end of period	22198	24453	-9.22
cash at beginning of period	24453	16721	46.24

Overall Score of Quarterly Cashflow Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -129.16%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -24.32%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -24.32%. This indicates a decrease in cash generated after accounting for capital expenditures.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.02	0.02	-22.32
net income per share	0.0	-0.0	131.38
operating cash flow per share	0.0	-0.0	183.84
free cash flow per share	0.0	-0.0	183.84
cash per share	0.0	0.01	-45.54
book value per share	0.04	0.04	-5.60
tangible book value per share	0.04	0.04	-5.60
shareholders equity per share	0.04	0.04	-5.60
interest debt per share	0.04	0.05	-12.75
market cap	798395.09	1408932.51	-43.33
enterprise value	1702854.09	2338786.51	-27.19
pe ratio	12.45	-6.9	280.57
price to sales ratio	1.04	1.42	-27.05
pocfratio	4.69	-6.94	167.59
pfcf ratio	4.69	-6.94	167.59
pb ratio	0.43	0.72	-39.97
ptb ratio	0.43	0.72	-39.97
ev to sales	2.22	2.36	-6.27
enterprise value over ebitda	23.81	-120.25	119.80
ev to operating cash flow	10.0	-11.52	186.84
ev to free cash flow	10.0	-11.52	186.84
earnings yield	0.08	-0.15	155.38
free cash flow yield	0.21	-0.14	247.96
debt to equity	1.0	0.99	0.85
debt to assets	0.66	0.66	-0.15
net debt to ebitda	12.64	-47.81	126.45
current ratio	1.57	0.13	1077.27
interest coverage	9.65	-0.11	9266.76
income quality	2.66	0.99	167.16
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0.0	-0.0	152.01
intangibles to total assets	0	0	NaN
capex to operating cash flow	0.0	0	NaN
capex to revenue	0.0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0.03	0.06	-45.57
roic	-0.0	-0.0	50.41
return on tangible assets	0.02	-0.07	132.91
graham net net	-0.02	-0.02	-12.90
working capital	1069422	-1676373	163.79
tangible asset value	1849680	1959347	-5.60
net current asset value	1990602	-708804	380.84
invested capital	1069422	-1676373	163.79
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.03	-0.1	133.24
capex per share	0.0	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2023-12-31 from -0.10 on 2022-12-31, representing a change of 133.24%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 12.45 on 2023-12-31 from -6.90 on 2022-12-31, representing a change of 280.57%. Indicating an increase in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 1.57 on 2023-12-31 from 0.13 on 2022-12-31, representing a change of 1077.27%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Also, it's above 1, indicating the ability to cover short-term obligations.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 1.00 on 2023-12-31 from 0.99 on 2022-12-31, representing a change of 0.85%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
LIGA
calendar year	2024	2024	NaN
revenue per share	0.0	0.0	14.34
net income per share	0.0	0.0	38.83
operating cash flow per share	None	0.0	NaN
free cash flow per share	None	0.0	NaN
cash per share	0.0	0.0	-16.08
book value per share	0.04	0.04	-0.52
tangible book value per share	0.04	0.04	-0.52
shareholders equity per share	0.04	0.04	-0.52
interest debt per share	0.02	0.02	-1.36
market cap	1131842.45	1291521.47	-12.36
enterprise value	2017118.45	2167003.47	-6.92
pe ratio	5.09	8.06	-36.87
price to sales ratio	9.89	12.9	-23.36
pocfratio	0	32.47	-100.00
pfcf ratio	0	32.47	-100.00
pb ratio	0.6	0.69	-11.91
ptb ratio	0.6	0.69	-11.91
ev to sales	17.62	21.64	-18.59
enterprise value over ebitda	36.26	54.08	-32.95
ev to operating cash flow	0	54.47	-100.00
ev to free cash flow	0	54.47	-100.00
earnings yield	0.05	0.03	58.41
free cash flow yield	None	0.03	NaN
debt to equity	0.47	0.48	-0.85
debt to assets	0.32	0.32	-0.58
net debt to ebitda	15.92	21.85	-27.16
current ratio	0	0	NaN
interest coverage	0	0	NaN
income quality	0	0.99	-100.00
dividend yield	None	0	NaN
payout ratio	None	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	None	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	None	0	NaN
graham number	0.03	0.03	17.52
roic	0	0.01	-100.00
return on tangible assets	0.02	0.01	39.93
graham net net	-0.02	-0.02	-1.25
working capital	0	0	NaN
tangible asset value	1873079	1882873	-0.52
net current asset value	-905430	-917680	1.33
invested capital	0	0	NaN
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.03	0.02	39.55
capex per share	None	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to 0.03 on 2024-09-30 Q3 from 0.02 on 2024-06-30 Q2, representing a change of 39.55%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 5.09 on 2024-09-30 Q3 from 8.06 on 2024-06-30 Q2, representing a change of -36.87%. Indicating a decrease in the relative valuation of the company's stock.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.47 on 2024-09-30 Q3 from 0.48 on 2024-06-30 Q2, representing a change of -0.85%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -0.01 which is lower than current price 0.02, indicates the company may be overvalued.