Thai Nondestructive Testing Public Company Limited (TNDT) - Net Assets

Latest as of September 2025: ฿93.31 Million THB ≈ $2.91 Million USD

Based on the latest financial reports, Thai Nondestructive Testing Public Company Limited (TNDT) has net assets worth ฿93.31 Million THB (≈ $2.91 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (฿637.19 Million ≈ $19.86 Million USD) and total liabilities (฿543.88 Million ≈ $16.95 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 Thai Nondestructive Testing Public Compa liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	฿93.31 Million
% of Total Assets	14.64%
Annual Growth Rate	-0.85%
5-Year Change	-62.99%
10-Year Change	-66.54%
Growth Volatility	31.24

Thai Nondestructive Testing Public Company Limited - Net Assets Trend (2007–2024)

This chart illustrates how Thai Nondestructive Testing Public Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Thai Nondestructive Testing Public Compa for the complete picture of this company's asset base.

Annual Net Assets for Thai Nondestructive Testing Public Company Limited (2007–2024)

The table below shows the annual net assets of Thai Nondestructive Testing Public Company Limited from 2007 to 2024. For live valuation and market cap data, see Thai Nondestructive Testing Public Compa market cap and net worth.

Year	Net Assets	Change
2024-12-31	฿171.99 Million ≈ $5.36 Million	+93.31%
2023-12-31	฿88.97 Million ≈ $2.77 Million	-82.00%
2022-12-31	฿494.38 Million ≈ $15.41 Million	+2.62%
2021-12-31	฿481.76 Million ≈ $15.02 Million	+3.68%
2020-12-31	฿464.66 Million ≈ $14.48 Million	+4.32%
2019-12-31	฿445.43 Million ≈ $13.88 Million	+4.03%
2018-12-31	฿428.20 Million ≈ $13.35 Million	-17.87%
2017-12-31	฿521.37 Million ≈ $16.25 Million	+0.89%
2016-12-31	฿516.76 Million ≈ $16.11 Million	+0.53%
2015-12-31	฿514.03 Million ≈ $16.02 Million	+3.77%
2014-12-31	฿495.34 Million ≈ $15.44 Million	+11.15%
2013-12-31	฿445.66 Million ≈ $13.89 Million	+16.57%
2012-12-31	฿382.31 Million ≈ $11.92 Million	+13.69%
2011-12-31	฿336.27 Million ≈ $10.48 Million	+18.22%
2010-12-31	฿284.44 Million ≈ $8.87 Million	+5.46%
2009-12-31	฿269.71 Million ≈ $8.41 Million	+14.97%
2008-12-31	฿234.59 Million ≈ $7.31 Million	+18.01%
2007-12-31	฿198.79 Million ≈ $6.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thai Nondestructive Testing Public Company Limited'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 1441.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	฿865.79 Million	489.20%
Other Comprehensive Income	฿10.00 Million	5.65%
Total Equity	฿176.98 Million	100.00%

Thai Nondestructive Testing Public Company Limited Competitors by Market Cap

The table below lists competitors of Thai Nondestructive Testing Public Company Limited ranked by their market capitalization.

Company	Market Cap
ENENSYS Technologies SA PA:ALNN6	$7.02 Million
1CM INC. F:IQ70	$7.02 Million
Intan Baruprana Finance Tbk JK:IBFN	$7.02 Million
Compagnie des Eaux de Royan PA:MLEDR	$7.02 Million
Alta S.A. WAR:AAT	$7.02 Million
Greenlane Holdings Inc NASDAQ:GNLN	$7.01 Million
KOYJ Co. Ltd KQ:121850	$7.01 Million
James Halstead PLC LSE:JHD	$7.01 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Thai Nondestructive Testing Public Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 123,482,413 to 176,981,793, a change of 53,499,380 (43.3%).
Net loss of 274,370,709 reduced equity.
New share issuances of 250,513,186 increased equity.
Other comprehensive income increased equity by 9,736,189.
Other factors increased equity by 67,620,714.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	฿-274.37 Million	-155.03%
Share Issuances	฿250.51 Million	+141.55%
Other Comprehensive Income	฿9.74 Million	+5.5%
Other Changes	฿67.62 Million	+38.21%
Total Change	฿-	43.33%

Book Value vs Market Value Analysis

This analysis compares Thai Nondestructive Testing Public Company Limited'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: 0.81x
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 increased from 0.34x to 0.81x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	฿0.39	฿0.13	x
2008-12-31	฿0.39	฿0.13	x
2009-12-31	฿0.45	฿0.13	x
2010-12-31	฿0.47	฿0.13	x
2011-12-31	฿0.56	฿0.13	x
2012-12-31	฿0.64	฿0.13	x
2013-12-31	฿0.73	฿0.13	x
2014-12-31	฿0.82	฿0.13	x
2015-12-31	฿0.86	฿0.13	x
2016-12-31	฿0.87	฿0.13	x
2017-12-31	฿0.88	฿0.13	x
2018-12-31	฿0.73	฿0.13	x
2019-12-31	฿0.76	฿0.13	x
2020-12-31	฿0.79	฿0.13	x
2021-12-31	฿0.78	฿0.13	x
2022-12-31	฿0.71	฿0.13	x
2023-12-31	฿0.15	฿0.13	x
2024-12-31	฿0.16	฿0.13	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thai Nondestructive Testing Public Company Limited 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): -155.03%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -93.88%
• Asset Turnover: 0.39x
• Equity Multiplier: 4.24x
Recent ROE (-155.03%) is below the historical average (-16.65%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	19.08%	18.32%	0.85x	1.22x	฿18.05 Million
2008	21.65%	20.37%	0.92x	1.15x	฿27.34 Million
2009	24.15%	22.07%	0.96x	1.13x	฿38.15 Million
2010	14.32%	16.69%	0.78x	1.11x	฿12.28 Million
2011	22.67%	25.12%	0.81x	1.12x	฿42.57 Million
2012	19.99%	22.88%	0.78x	1.13x	฿38.15 Million
2013	19.63%	23.37%	0.73x	1.15x	฿42.26 Million
2014	17.93%	18.47%	0.80x	1.21x	฿38.96 Million
2015	11.91%	14.57%	0.54x	1.51x	฿9.81 Million
2016	4.69%	7.21%	0.37x	1.74x	฿-27.64 Million
2017	4.04%	6.79%	0.29x	2.08x	฿-31.41 Million
2018	-20.09%	-28.35%	0.30x	2.37x	฿-131.31 Million
2019	4.78%	6.43%	0.32x	2.31x	฿-23.80 Million
2020	4.06%	6.50%	0.27x	2.34x	฿-28.32 Million
2021	-5.50%	-10.69%	0.22x	2.37x	฿-76.53 Million
2022	-10.95%	-24.15%	0.20x	2.26x	฿-106.10 Million
2023	-297.00%	-117.24%	0.44x	5.80x	฿-379.09 Million
2024	-155.03%	-93.88%	0.39x	4.24x	฿-292.07 Million

Industry Comparison

This section compares Thai Nondestructive Testing Public Company Limited's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $5,351,797,638
Average return on equity (ROE) among peers: -5.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thai Nondestructive Testing Public Company Limited (TNDT)	฿93.31 Million	19.08%	5.83x	$7.02 Million
Asia Precision Public Company Limited (APCS)	$1.70 Billion	13.02%	0.70x	$28.80 Million
CH. Karnchang PCL (CK)	$2.95 Billion	0.00%	4.00x	$890.38 Million
CH. Karnchang Public Company Limited (CK-R)	$27.81 Billion	6.39%	1.97x	$874.67 Million
Christiani & Nielsen (Thai) Public Company Limited (CNT)	$962.87 Million	14.14%	1.76x	$32.68 Million
Chiangmai Rimdoi Public Company Limited (CRD)	$281.94 Million	-27.02%	2.02x	$4.83 Million
Demco Public Company Limited (DEMCO)	$3.59 Billion	-15.33%	0.79x	$51.03 Million
EMC Public Company Limited (EMC)	$916.22 Million	3.70%	2.17x	$11.75 Million
Floyd Public Company Limited (FLOYD)	$45.87 Million	24.77%	3.63x	$15.65 Million
Hydrotek Public Company Limited (HYDRO)	$280.51 Million	-63.33%	1.38x	$25.79 Million
Italian-Thai Development Public Company Limited (ITD)	$14.98 Billion	-14.32%	2.38x	$41.14 Million

About Thai Nondestructive Testing Public Company Limited

BK:TNDT Thailand Engineering & Construction

Market Cap

$7.02 Million

฿225.11 Million THB

Market Cap Rank

#27674 Global

#588 in Thailand

Share Price

฿0.13

Change (1 day)

+0.00%

52-Week Range

฿0.09 - ฿0.19

All Time High

฿2.62