Tan Delta Systems PLC (TAND) - Net Assets
Based on the latest financial reports, Tan Delta Systems PLC (TAND) has net assets worth GBX2.25 Million GBX (≈ $274.20 USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX2.59 Million ≈ $314.96 USD) and total liabilities (GBX335.02K ≈ $40.76 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. See TAND net asset quality score to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX2.25 Million |
| % of Total Assets | 87.06% |
| Annual Growth Rate | 63.83% |
| 5-Year Change | 953.1% |
| 10-Year Change | N/A |
| Growth Volatility | 354.11 |
Tan Delta Systems PLC - Net Assets Trend (2020–2025)
This chart illustrates how Tan Delta Systems PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Tan Delta Systems PLC worth.
Annual Net Assets for Tan Delta Systems PLC (2020–2025)
The table below shows the annual net assets of Tan Delta Systems PLC from 2020 to 2025. Also explore Tan Delta Systems PLC annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX2.25 Million ≈ $274.20 |
-40.57% |
| 2024-12-31 | GBX3.79 Million ≈ $461.37 |
-22.97% |
| 2023-12-31 | GBX4.92 Million ≈ $598.96 |
+892.50% |
| 2022-12-31 | GBX496.00K ≈ $60.35 |
+131.78% |
| 2021-12-31 | GBX214.00K ≈ $26.04 |
+12.04% |
| 2020-12-31 | GBX191.00K ≈ $23.24 |
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Equity Component Analysis
This analysis shows how different components contribute to Tan Delta Systems PLC'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 196879900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX73.22K | 3.25% |
| Other Comprehensive Income | GBX97.00K | 4.30% |
| Other Components | GBX5.43 Million | 240.78% |
| Total Equity | GBX2.25 Million | 100.00% |
Tan Delta Systems PLC Competitors by Market Cap
The table below lists competitors of Tan Delta Systems PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EGF THERAMED HEALTH CORP.
F:AUH
|
$251.25K |
|
K3 Business Technology Group PLC
LSE:KBT
|
$251.34K |
|
Cadence Minerals PLC
LSE:KDNC
|
$251.48K |
|
First Merchants Corporation Depository Shares
NASDAQ:FRMEP
|
$252.07K |
|
Exploitasi Energi Indonesia
JK:CNKO
|
$249.33K |
|
Lords Grp Trading Plc
LSE:LORD
|
$247.76K |
|
Aquila Energy Efficiency Trust PLC
LSE:AEET
|
$247.72K |
|
Gem Diamonds Ltd
LSE:GEMD
|
$246.86K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tan Delta Systems PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,791,974 to 2,253,630, a change of -1,538,344 (-40.6%).
- Net loss of 1,579,351 reduced equity.
- Other comprehensive income increased equity by 97,000.
- Other factors decreased equity by 55,993.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.58 Million | -70.08% |
| Other Comprehensive Income | GBX97.00K | +4.3% |
| Other Changes | GBX-55.99K | -2.48% |
| Total Change | GBX- | -40.57% |
Book Value vs Market Value Analysis
This analysis compares Tan Delta Systems PLC'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: 909.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10734.38x to 909.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | GBX0.00 | GBX28.00 | x |
| 2021-12-31 | GBX0.00 | GBX28.00 | x |
| 2022-12-31 | GBX0.01 | GBX28.00 | x |
| 2023-12-31 | GBX0.08 | GBX28.00 | x |
| 2024-12-31 | GBX0.05 | GBX28.00 | x |
| 2025-12-31 | GBX0.03 | GBX28.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tan Delta Systems PLC 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): -70.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -129.22%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.15x
- Recent ROE (-70.08%) is below the historical average (-6.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 19.37% | 3.53% | 1.63x | 3.36x | GBX17.90K |
| 2021 | 10.75% | 2.25% | 1.42x | 3.37x | GBX1.60K |
| 2022 | 56.95% | 17.93% | 1.50x | 2.12x | GBX232.86K |
| 2023 | -22.35% | -75.49% | 0.27x | 1.11x | GBX-1.59 Million |
| 2024 | -30.79% | -96.08% | 0.28x | 1.15x | GBX-1.55 Million |
| 2025 | -70.08% | -129.22% | 0.47x | 1.15x | GBX-1.80 Million |
Industry Comparison
This section compares Tan Delta Systems PLC's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $243,879,148
- Average return on equity (ROE) among peers: -3.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tan Delta Systems PLC (TAND) | GBX2.25 Million | 19.37% | 0.15x | $249.46K |
| Ashtead Technology Holdings PLC (AT) | $46.15 Million | 10.91% | 1.31x | $3.29 Million |
| Gulf Marine Services PLC (GMS) | $421.31 Million | -4.41% | 1.06x | $2.59 Million |
| Getech Group (GTC) | $9.38 Million | -30.15% | 0.36x | $55.74K |
| Hunting PLC (HTG) | $957.10 Million | 12.23% | 0.28x | $6.99 Million |
| Enteq Upstream (NTQ) | $24.50 Million | -19.35% | 0.06x | $6.19K |
| Thalassa Holdings Ltd (THAL) | $4.84 Million | 7.32% | 0.11x | $47.62K |
About Tan Delta Systems PLC
Tan Delta Systems plc engages in the development, manufacture, and sale of oil sensors in the United Kingdom, Europe, and internationally. The company offers oil quality sensors; kits, including mobile oil test, display, sensor, and gateway kits; accessories, such as gateways, display express, gateway hubs, manifolds, and cables; and oil profiling services. It serves bioenergy, power generation, … Read more