Borealis Foods Inc. (BRLS) - Net Assets
Based on the latest financial reports, Borealis Foods Inc. (BRLS) has net assets worth $-12.95 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 ($56.30 Million) and total liabilities ($69.25 Million). 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. Read BRLS total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-12.95 Million |
| % of Total Assets | -23.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 145.4 |
Borealis Foods Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Borealis Foods Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Borealis Foods Inc.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Borealis Foods Inc. (2021–2024)
The table below shows the annual net assets of Borealis Foods Inc. from 2021 to 2024. For live valuation and market cap data, see Borealis Foods Inc. (BRLS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-695.89K | -104.78% |
| 2023-12-31 | $14.56 Million | +213.75% |
| 2022-12-31 | $4.64 Million | -83.48% |
| 2021-12-31 | $28.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Borealis Foods Inc.'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 7908837000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $90.10 Million | % |
| Total Equity | $-695.89K | 100.00% |
Borealis Foods Inc. Competitors by Market Cap
The table below lists competitors of Borealis Foods Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinxin Technology Holding Company American Depositary Shares
NASDAQ:NAMI
|
$32.42 Million |
|
Global Menkul Degerler AS
IS:GLBMD
|
$32.43 Million |
|
Yao I Fabric Co Ltd
TWO:4430
|
$32.44 Million |
|
Mega Matrix Corp.
NYSE MKT:MPU
|
$32.46 Million |
|
NovaBay Pharmaceuticals Inc
NYSE MKT:NBY
|
$32.39 Million |
|
Australian Gold and Copper Ltd
AU:AGC
|
$32.39 Million |
|
Sakuma Exports Limited
NSE:SAKUMA
|
$32.38 Million |
|
HOYA Resort Hotel Group
TWO:2736
|
$32.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Borealis Foods Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,556,812 to -695,886, a change of -15,252,698 (-104.8%).
- Net loss of 25,327,198 reduced equity.
- Other comprehensive income increased equity by 461.
- Other factors increased equity by 10,074,039.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.33 Million | -3639.56% |
| Other Comprehensive Income | $461.00 | +0.07% |
| Other Changes | $10.07 Million | +1447.66% |
| Total Change | $- | -104.78% |
Book Value vs Market Value Analysis
This analysis compares Borealis Foods Inc.'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $2.78 | $1.66 | x |
| 2022-12-31 | $0.21 | $1.66 | x |
| 2023-12-31 | $1.60 | $1.66 | x |
| 2024-12-31 | $-0.03 | $1.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Borealis Foods Inc. 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -91.54%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-155.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -36.04% | -74.24% | 0.24x | 2.04x | $-12.93 Million |
| 2022 | -566.46% | -102.70% | 0.40x | 13.96x | $-26.75 Million |
| 2023 | -20.21% | -9.81% | 1.36x | 1.51x | $-4.40 Million |
| 2024 | 0.00% | -91.54% | 0.46x | 0.00x | $-25.26 Million |
Industry Comparison
This section compares Borealis Foods Inc.'s net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,803,988,633
- Average return on equity (ROE) among peers: -15.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Borealis Foods Inc. (BRLS) | $-12.95 Million | -36.04% | N/A | $32.41 Million |
| Above Food Ingredients Inc. Common Stock (ABVE) | $-46.26 Million | 0.00% | 0.00x | $27.34 Million |
| Agape ATP Corporation Common Stock (ATPC) | $4.98 Million | -10.43% | 0.03x | $2.34 Million |
| B&G Foods Inc (BGS) | $49.99 Million | 30.34% | 10.00x | $441.46 Million |
| BranchOut Food Inc. Common Stock (BOF) | $2.21 Million | -177.60% | 0.41x | $52.64 Million |
| Bellring Brands LLC (BRBR) | $451.70 Million | 21.28% | 0.24x | $1.82 Billion |
| BRC Inc. (BRCC) | $46.51 Million | -36.00% | 4.07x | $124.97 Million |
| BRF SA ADR (BRFS) | $15.69 Billion | 14.18% | 1.30x | $5.38 Billion |
| Bridgford Foods Corporation (BRID) | $36.90 Million | 17.89% | 0.43x | $68.08 Million |
| Better Choice Company Inc (BTTR) | $-80.79K | 0.00% | 0.00x | $5.13 Million |
About Borealis Foods Inc.
Borealis Foods Inc. operates as a food tech company that provides nutritious food products. It provides ramen noodles under the Chef Woo, Chef Ramsay, Ramen Express, and Woodles brands. The company is based in Oakville, Canada.