Rubicon Water Ltd Net Assets
Rubicon Water Ltd net assets. Based on the latest financial reports, Rubicon Water Ltd (RWL) has net assets worth AU$47.72 Million AUD (≈ $33.76 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$88.78 Million ≈ $62.82 Million USD) and total liabilities (AU$41.06 Million ≈ $29.05 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. Also explore net asset growth rate of Rubicon Water Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$47.72 Million |
| % of Total Assets | 53.75% |
| Annual Growth Rate | 6.66% |
| 5-Year Change | -37.33% |
| 10-Year Change | N/A |
| Growth Volatility | 23.7 |
Net Assets of Rubicon Water Ltd (2016–2025)
Net assets of Rubicon Water Ltd from 2016 to 2025. This chart illustrates how Rubicon Water Ltd's net assets have evolved over time, based on quarterly financial data. See RWL equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Rubicon Water Ltd (2016–2025)
The table below shows the annual net assets of Rubicon Water Ltd from 2016 to 2025. For live market cap and overall valuation, see Rubicon Water Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$47.72 Million ≈ $33.76 Million |
-25.39% |
| 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 126.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Rubicon Water Ltd Net Assets Breakdown (December 2025)
Rubicon Water Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$184.03 Million | 380.94% |
| Other Comprehensive Income | AU$-129.26 Million | -267.58% |
| Total Equity | AU$48.31 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 |
|---|---|
|
Unisync Corp
TO:UNI
|
$36.31 Million |
|
GFG Resources Inc
V:GFG
|
$36.31 Million |
|
Nextcom
TA:NXTM
|
$36.31 Million |
|
China Television Co
TW:9928
|
$36.32 Million |
|
Urbanise.com Ltd
AU:UBN
|
$36.30 Million |
|
I Yuan Precision Ind Co Ltd
TWO:2235
|
$36.28 Million |
|
GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS
IS:GSDDE
|
$36.28 Million |
|
Avrasya Gayrimenkul Yatirim Ortakligi AS
IS:AVGYO
|
$36.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rubicon Water Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 64,417,000 to 48,308,000, a change of -16,109,000 (-25.0%).
- Net loss of 15,520,000 reduced equity.
- Other comprehensive income decreased equity by 589,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-15.52 Million | -32.13% |
| Other Comprehensive Income | AU$-589.00K | -1.22% |
| Total Change | AU$- | -25.01% |
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: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.35x to 1.05x 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$0.21 | x |
| 2017-12-31 | AU$0.25 | AU$0.21 | x |
| 2018-12-31 | AU$0.30 | AU$0.21 | x |
| 2019-12-31 | AU$0.41 | AU$0.21 | x |
| 2020-12-31 | AU$0.28 | AU$0.21 | x |
| 2021-12-31 | AU$0.46 | AU$0.21 | x |
| 2022-12-31 | AU$0.38 | AU$0.21 | x |
| 2023-12-31 | AU$0.32 | AU$0.21 | x |
| 2024-12-31 | AU$0.28 | AU$0.21 | x |
| 2025-12-31 | AU$0.20 | AU$0.21 | 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): -32.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.41%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.84x
- Recent ROE (-32.13%) is below the historical average (0.98%), 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$-13.23 Million |
| 2025 | -32.13% | -25.41% | 0.69x | 1.84x | AU$-20.35 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: $100,289,230
- Average return on equity (ROE) among peers: -32.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rubicon Water Ltd (RWL) | AU$47.72 Million | 22.72% | 0.86x | $36.31 Million |
| Clean TEQ Water Ltd (CNQ) | $7.99 Million | -68.66% | 0.57x | $32.55 Million |
| Duxton Water Ltd (D2O) | $192.59 Million | 3.29% | 0.69x | $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