BTC Health Ltd
BTC Health Limited is a Pooled Development Fund managed by LHC Capital Partners Pty Ltd specializing in seed/startup, early venture, mid venture, late venture, emerging growth and growth capital investments. It makes investments in the healthcare, acute pain management, neuro-spinal, cardiovascular, pharmaceutical, medical technologies, biotechnology sector with a focus on post-genomics, stem cel… Read more
BTC Health Ltd (BTC) - Net Assets
Latest net assets as of December 2025: AU$11.06 Million AUD
Based on the latest financial reports, BTC Health Ltd (BTC) has net assets worth AU$11.06 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$11.31 Million) and total liabilities (AU$248.95K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$11.06 Million |
| % of Total Assets | 97.8% |
| Annual Growth Rate | -5.65% |
| 5-Year Change | -15.51% |
| 10-Year Change | 267.86% |
| Growth Volatility | 72.62 |
BTC Health Ltd - Net Assets Trend (2000–2025)
This chart illustrates how BTC Health Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BTC Health Ltd (2000–2025)
The table below shows the annual net assets of BTC Health Ltd from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$9.16 Million | +85.17% |
| 2024-06-30 | AU$4.94 Million | +77.88% |
| 2023-06-30 | AU$2.78 Million | -78.39% |
| 2022-06-30 | AU$12.86 Million | +18.68% |
| 2021-06-30 | AU$10.84 Million | -3.49% |
| 2020-06-30 | AU$11.23 Million | -0.99% |
| 2019-06-30 | AU$11.34 Million | +281.48% |
| 2018-06-30 | AU$2.97 Million | -25.28% |
| 2017-06-30 | AU$3.98 Million | +59.85% |
| 2016-06-30 | AU$2.49 Million | +140.26% |
| 2015-06-30 | AU$1.04 Million | -18.16% |
| 2014-06-30 | AU$1.27 Million | -59.87% |
| 2013-06-30 | AU$3.15 Million | -31.28% |
| 2012-06-30 | AU$4.59 Million | -43.15% |
| 2011-06-30 | AU$8.08 Million | -49.77% |
| 2010-06-30 | AU$16.08 Million | -31.21% |
| 2009-06-30 | AU$23.37 Million | -16.70% |
| 2008-06-30 | AU$28.06 Million | -24.97% |
| 2007-06-30 | AU$37.40 Million | -18.85% |
| 2006-06-30 | AU$46.09 Million | +9.10% |
| 2005-06-30 | AU$42.24 Million | -9.73% |
| 2004-06-30 | AU$46.80 Million | +19.75% |
| 2003-06-30 | AU$39.08 Million | -0.01% |
| 2002-06-30 | AU$39.08 Million | +0.22% |
| 2001-06-30 | AU$38.99 Million | -0.45% |
| 2000-06-30 | AU$39.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BTC Health Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 4813585700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$56.61 Million | 618.28% |
| Other Comprehensive Income | AU$680.09K | 7.43% |
| Total Equity | AU$9.16 Million | 100.00% |
BTC Health Ltd Competitors by Market Cap
The table below lists competitors of BTC Health Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DOLFINES S.A. EO 001
F:JPZ0
|
$364.40 |
|
Interups Inc
PINK:ITUP
|
$365.30 |
|
ORIENTAL PRESS GRP
MU:OPQ
|
$365.47 |
|
inTerra Resources Corp
PINK:ITRX
|
$365.53 |
|
REDFLEX HOLDINGS LTD
PINK:RFLXF
|
$364.16 |
|
MEDMIRA
BE:47M
|
$363.02 |
|
JPMorgan UK Small Cap Growth & Income Plc
LSE:JUGI
|
$360.55 |
|
Ruffer Investment Company Limited
LSE:RICA
|
$360.37 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BTC Health Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,944,859 to 9,156,465, a change of 4,211,606 (85.2%).
- Net income of 3,981,298 contributed positively to equity growth.
- Share repurchases of 58,800 reduced equity.
- New share issuances of 58,800 increased equity.
- Other comprehensive income increased equity by 171,508.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$3.98 Million | +43.48% |
| Share Repurchases | AU$58.80K | -0.64% |
| Share Issuances | AU$58.80K | +0.64% |
| Other Comprehensive Income | AU$171.51K | +1.87% |
| Other Changes | AU$58.80K | +0.64% |
| Total Change | AU$- | 85.17% |
Book Value vs Market Value Analysis
This analysis compares BTC Health Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.09x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.06x to 2.09x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-06-30 | AU$0.98 | AU$0.06 | x |
| 2001-06-30 | AU$0.49 | AU$0.06 | x |
| 2002-06-30 | AU$0.49 | AU$0.06 | x |
| 2003-06-30 | AU$0.49 | AU$0.06 | x |
| 2004-06-30 | AU$0.51 | AU$0.06 | x |
| 2005-06-30 | AU$0.47 | AU$0.06 | x |
| 2006-06-30 | AU$0.52 | AU$0.06 | x |
| 2007-06-30 | AU$0.42 | AU$0.06 | x |
| 2008-06-30 | AU$0.33 | AU$0.06 | x |
| 2009-06-30 | AU$0.28 | AU$0.06 | x |
| 2010-06-30 | AU$0.21 | AU$0.06 | x |
| 2011-06-30 | AU$0.11 | AU$0.06 | x |
| 2012-06-30 | AU$0.06 | AU$0.06 | x |
| 2013-06-30 | AU$0.04 | AU$0.06 | x |
| 2014-06-30 | AU$0.02 | AU$0.06 | x |
| 2015-06-30 | AU$0.01 | AU$0.06 | x |
| 2016-06-30 | AU$0.03 | AU$0.06 | x |
| 2017-06-30 | AU$0.03 | AU$0.06 | x |
| 2018-06-30 | AU$0.02 | AU$0.06 | x |
| 2019-06-30 | AU$0.08 | AU$0.06 | x |
| 2020-06-30 | AU$0.05 | AU$0.06 | x |
| 2021-06-30 | AU$0.04 | AU$0.06 | x |
| 2022-06-30 | AU$0.05 | AU$0.06 | x |
| 2023-06-30 | AU$0.01 | AU$0.06 | x |
| 2024-06-30 | AU$0.02 | AU$0.06 | x |
| 2025-06-30 | AU$0.03 | AU$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BTC Health Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 43.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39972.87%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (43.48%) is above the historical average (-32.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 1.65% | 40.77% | 0.04x | 1.03x | AU$-3.25 Million |
| 2002 | 0.22% | 215.00% | 0.00x | 1.01x | AU$-3.82 Million |
| 2003 | -0.01% | -0.39% | 0.02x | 1.01x | AU$-3.91 Million |
| 2004 | -9.94% | -486.21% | 0.02x | 1.03x | AU$-9.33 Million |
| 2005 | -2.75% | 0.00% | 0.00x | 1.00x | AU$-5.39 Million |
| 2006 | -0.80% | -1835.00% | 0.00x | 1.04x | AU$-4.98 Million |
| 2007 | -2.03% | -5838.46% | 0.00x | 1.01x | AU$-4.50 Million |
| 2008 | -26.32% | -369300.00% | 0.00x | 1.00x | AU$-10.19 Million |
| 2009 | -18.54% | -1430.03% | 0.01x | 1.00x | AU$-6.67 Million |
| 2010 | -35.50% | -9204.84% | 0.00x | 1.00x | AU$-7.31 Million |
| 2011 | -43.28% | 0.00% | -0.03x | 1.45x | AU$-4.30 Million |
| 2012 | -40.51% | 0.00% | -0.01x | 1.07x | AU$-2.32 Million |
| 2013 | -15.91% | -1061.06% | 0.01x | 1.00x | AU$-817.49K |
| 2014 | -149.22% | -12111.91% | 0.01x | 1.01x | AU$-2.02 Million |
| 2015 | -48.94% | -4467.13% | 0.01x | 1.02x | AU$-610.62K |
| 2016 | -34.99% | -1223.59% | 0.03x | 1.09x | AU$-1.12 Million |
| 2017 | -12.98% | -1812.38% | 0.01x | 1.17x | AU$-914.41K |
| 2018 | -49.38% | -3670.00% | 0.01x | 1.12x | AU$-1.77 Million |
| 2019 | -4.81% | -320.58% | 0.01x | 1.03x | AU$-1.68 Million |
| 2020 | -2.52% | -176.88% | 0.01x | 1.02x | AU$-1.41 Million |
| 2021 | -3.62% | -2042.73% | 0.00x | 1.20x | AU$-1.48 Million |
| 2022 | -4.48% | -606.29% | 0.01x | 1.01x | AU$-1.86 Million |
| 2023 | -365.76% | -76681.75% | 0.00x | 1.06x | AU$-10.45 Million |
| 2024 | 21.34% | 6448.66% | 0.00x | 1.04x | AU$560.51K |
| 2025 | 43.48% | 39972.87% | 0.00x | 1.02x | AU$3.07 Million |
Industry Comparison
This section compares BTC Health Ltd's net assets metrics with peer companies in the Biotechnology industry.
Industry Context
- Industry: Biotechnology
- Average net assets among peers: $34,090,589
- Average return on equity (ROE) among peers: -67.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BTC Health Ltd (BTC) | AU$11.06 Million | 1.65% | 0.02x | $364.22 |
| Adalta Ltd (1AD) | $2.03 Million | -265.03% | 1.74x | $171.91K |
| Algorae Pharmaceuticals Ltd (1AI) | $2.88 Million | -33.65% | 0.18x | $9.99 Million |
| ACRUX Ltd (ACR) | $17.49 Million | -17.99% | 0.05x | $2.16 Million |
| Argenica Therapeutics Ltd (AGN) | $13.95 Million | -39.28% | 0.17x | $11.42 Million |
| Arovella Therapeutics Ltd (ALA) | $11.23 Million | -77.89% | 0.18x | $39.76 Million |
| Anatara Lifesciences Ltd (ANR) | $5.92 Million | -48.49% | 0.08x | $718.75K |
| Bio-Gene Technology Ltd (BGT) | $4.25 Million | -56.43% | 0.18x | $2.33 Million |
| Cambium Bio Ltd (CMB) | $8.27 Million | -79.86% | 0.16x | $8.11 Million |
| Clinuvel Pharmaceuticals Ltd (CUV) | $240.81 Million | 15.02% | 0.13x | $251.65 Million |