New Momentum Corp. 2024 10-K: Assets $520M, Liabilities $826M
Ticker: NNAX · Form: 10-K · Filed: Apr 15, 2025 · CIK: 1132509
| Field | Detail |
|---|---|
| Company | New Momentum CORP. (NNAX) |
| Form Type | 10-K |
| Filed Date | Apr 15, 2025 |
| Risk Level | high |
| Sentiment | bearish |
Sentiment: bearish
Topics: financials, debt, liabilities
TL;DR
New Momentum Corp. 2024 10-K shows $520M assets vs $826M liabilities. Big changes ahead?
AI Summary
New Momentum Corp. filed its 2024 10-K on April 15, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly Eason Education Kingdom Holdings, Inc., is incorporated in Nevada and based in Singapore. Key financial figures for the fiscal year 2024 include total assets of $520,428,292 and total liabilities of $825,861,858. The filing also details significant vendor and customer relationships.
Why It Matters
This filing provides a comprehensive overview of New Momentum Corp.'s financial health and operational structure for the fiscal year 2024, crucial for investors and creditors to assess its performance and risks.
Risk Assessment
Risk Level: high — The company has significantly more liabilities ($825,861,858) than assets ($520,428,292), indicating a high level of financial risk.
Key Numbers
- $520.4M — Total Assets (As of December 31, 2024, indicating the company's total resources.)
- $825.9M — Total Liabilities (As of December 31, 2024, representing the company's total obligations.)
- $175.0M — Long-term Debt (Indicates significant borrowing, contributing to liabilities.)
Key Players & Entities
- New Momentum Corp. (company) — Filer of the 10-K
- Eason Education Kingdom Holdings, Inc. (company) — Former company name
- 2024-12-31 (date) — Fiscal year end
- 20250415 (date) — Filing date
- $520,428,292 (dollar_amount) — Total assets for FY 2024
- $825,861,858 (dollar_amount) — Total liabilities for FY 2024
FAQ
What is the primary business of New Momentum Corp.?
New Momentum Corp. is classified under SERVICES-MANAGEMENT SERVICES [8741].
What was the company's financial position at the end of fiscal year 2024?
As of December 31, 2024, New Momentum Corp. reported total assets of $520,428,292 and total liabilities of $825,861,858.
When was the company formerly known as Eason Education Kingdom Holdings, Inc.?
The company changed its name from Eason Education Kingdom Holdings, Inc. on August 13, 2015.
What is the company's principal executive office location?
The company's business and mail address is 150 Cecil Street, #08-01, Singapore, 069543.
Does the company have significant long-term debt?
Yes, the filing indicates a value of $175,000,000 associated with long-term debt.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 15, 2025 regarding New Momentum Corp. (NNAX).