Rubicon Water Ltd (RWL) - Net Assets
Based on the latest financial reports, Rubicon Water Ltd (RWL) has net assets worth AU$57.10 Million AUD (≈ $40.40 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$101.17 Million ≈ $71.59 Million USD) and total liabilities (AU$44.07 Million ≈ $31.18 Million USD). 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. Check RWL tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$57.10 Million |
| % of Total Assets | 56.44% |
| Annual Growth Rate | 11.54% |
| 5-Year Change | 30.13% |
| 10-Year Change | N/A |
| Growth Volatility | 21.52 |
Rubicon Water Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Rubicon Water Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Rubicon Water Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rubicon Water Ltd (2016–2024)
The table below shows the annual net assets of Rubicon Water Ltd from 2016 to 2024. For live valuation and market cap data, see RWL company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$63.96 Million ≈ $45.25 Million |
+16.59% |
| 2023-12-31 | AU$54.85 Million ≈ $38.81 Million |
-16.64% |
| 2022-12-31 | AU$65.80 Million ≈ $46.56 Million |
-13.58% |
| 2021-12-31 | AU$76.15 Million ≈ $53.88 Million |
+54.93% |
| 2020-12-31 | AU$49.15 Million ≈ $34.78 Million |
+18.73% |
| 2019-12-31 | AU$41.40 Million ≈ $29.29 Million |
+2.36% |
| 2018-12-31 | AU$40.44 Million ≈ $28.61 Million |
+24.38% |
| 2017-12-31 | AU$32.51 Million ≈ $23.00 Million |
+21.76% |
| 2016-12-31 | AU$26.70 Million ≈ $18.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rubicon Water 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 62.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$9.07 Million | 14.07% |
| Common Stock | AU$184.03 Million | 285.68% |
| Other Comprehensive Income | AU$-128.68 Million | -199.75% |
| Total Equity | AU$64.42 Million | 100.00% |
Rubicon Water Ltd Competitors by Market Cap
The table below lists competitors of Rubicon Water Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jatcorp Ltd
AU:JAT
|
$9.54 Million |
|
PATRYS Ltd
AU:PAB
|
$9.54 Million |
|
Kim Hin Joo
KLSE:0210
|
$9.54 Million |
|
Adaptimmune Therapeutics Plc
NASDAQ:ADAP
|
$9.54 Million |
|
Metalsgrove Mining Ltd
AU:MGA
|
$9.54 Million |
|
REMAK SA
WAR:RMK
|
$9.54 Million |
|
Alice QUEEN Ltd
AU:AQX
|
$9.53 Million |
|
Nvni Group Limited Ordinary Shares
NASDAQ:NVNI
|
$9.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rubicon Water Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 55,134,000 to 64,417,000, a change of 9,283,000 (16.8%).
- Net loss of 6,788,000 reduced equity.
- Share repurchases of 17,027,000 reduced equity.
- Other comprehensive income increased equity by 239,000.
- Other factors increased equity by 32,859,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-6.79 Million | -10.54% |
| Share Repurchases | AU$17.03 Million | -26.43% |
| Other Comprehensive Income | AU$239.00K | +0.37% |
| Other Changes | AU$32.86 Million | +51.01% |
| Total Change | AU$- | 16.84% |
Book Value vs Market Value Analysis
This analysis compares Rubicon Water 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: 0.20x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.36x to 0.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | AU$0.16 | AU$0.06 | x |
| 2017-12-31 | AU$0.25 | AU$0.06 | x |
| 2018-12-31 | AU$0.30 | AU$0.06 | x |
| 2019-12-31 | AU$0.41 | AU$0.06 | x |
| 2020-12-31 | AU$0.28 | AU$0.06 | x |
| 2021-12-31 | AU$0.46 | AU$0.06 | x |
| 2022-12-31 | AU$0.38 | AU$0.06 | x |
| 2023-12-31 | AU$0.32 | AU$0.06 | x |
| 2024-12-31 | AU$0.28 | AU$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rubicon Water 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): -10.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.83%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.61x
- Recent ROE (-10.54%) is below the historical average (4.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 22.72% | 10.07% | 1.37x | 1.65x | AU$3.40 Million |
| 2017 | 26.14% | 11.78% | 1.35x | 1.64x | AU$5.19 Million |
| 2018 | 20.62% | 10.86% | 1.10x | 1.72x | AU$4.22 Million |
| 2019 | 2.48% | 1.56% | 0.69x | 2.30x | AU$-3.06 Million |
| 2020 | 17.15% | 10.21% | 0.76x | 2.20x | AU$3.47 Million |
| 2021 | -0.58% | -0.67% | 0.52x | 1.66x | AU$-8.02 Million |
| 2022 | -16.62% | -19.79% | 0.49x | 1.70x | AU$-17.50 Million |
| 2023 | -19.43% | -18.34% | 0.55x | 1.93x | AU$-16.22 Million |
| 2024 | -10.54% | -9.83% | 0.66x | 1.61x | AU$-13.23 Million |
Industry Comparison
This section compares Rubicon Water Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $40,678,087
- Average return on equity (ROE) among peers: -36.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rubicon Water Ltd (RWL) | AU$57.10 Million | 22.72% | 0.77x | $9.54 Million |
| Clean TEQ Water Ltd (CNQ) | $3.98 Million | -76.35% | 2.11x | $30.67 Million |
| Duxton Water Ltd (D2O) | $77.38 Million | 2.67% | 0.04x | $168.40 Million |
About Rubicon Water Ltd
Rubicon Water Limited designs, manufactures, installs, and maintains irrigation automation software and hardware in Australia, New Zealand, Asia, and internationally. The company offers network control solutions, including total channel control, low energy pipeline, site management, and water and energy solutions; flow, water level, and climate measurement solutions; and operations software solut… Read more