DEFSEC Technologies Inc. (DFSC) - Net Assets
Based on the latest financial reports, DEFSEC Technologies Inc. (DFSC) has net assets worth $7.27 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 ($11.36 Million) and total liabilities ($4.09 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. Check tangible net worth ratio of DEFSEC Technologies Inc. to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.27 Million |
| % of Total Assets | 63.97% |
| Annual Growth Rate | 6.24% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 265.27 |
DEFSEC Technologies Inc. - Net Assets Trend (2021–2025)
This chart illustrates how DEFSEC Technologies Inc.'s net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of DEFSEC Technologies Inc. to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for DEFSEC Technologies Inc. (2021–2025)
The table below shows the annual net assets of DEFSEC Technologies Inc. from 2021 to 2025. For live valuation and market cap data, see DFSC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $7.80 Million | +470.18% |
| 2024-09-30 | $1.37 Million | -65.23% |
| 2023-09-30 | $3.94 Million | +492.43% |
| 2022-09-30 | $-1.00 Million | -116.38% |
| 2021-09-30 | $6.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DEFSEC Technologies 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 3689110300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $47.00 Million | 602.48% |
| Other Comprehensive Income | $-85.08K | -1.09% |
| Other Components | $13.16 Million | 168.72% |
| Total Equity | $7.80 Million | 100.00% |
DEFSEC Technologies Inc. Competitors by Market Cap
The table below lists competitors of DEFSEC Technologies Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vital Energy Inc
V:VUX
|
$7.48 Million |
|
Mcnally Bharat Engineering Company Limited
NSE:MBECL
|
$7.48 Million |
|
Lombard et Medot SA
PA:MLCAC
|
$7.48 Million |
|
Synlogic Inc
NASDAQ:SYBX
|
$7.49 Million |
|
Superior Resources Ltd
AU:SPQ
|
$7.47 Million |
|
TruCap Finance Limited
NSE:TRU
|
$7.47 Million |
|
Anmol India Limited
NSE:ANMOL
|
$7.47 Million |
|
Reviva Pharmaceuticals Holdings Inc.
NASDAQ:RVPH
|
$7.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DEFSEC Technologies Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,368,287 to 7,801,719, a change of 6,433,432 (470.2%).
- Net loss of 9,626,694 reduced equity.
- New share issuances of 18,718,524 increased equity.
- Other comprehensive income decreased equity by 46,557.
- Other factors decreased equity by 2,611,841.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.63 Million | -123.39% |
| Share Issuances | $18.72 Million | +239.93% |
| Other Comprehensive Income | $-46.56K | -0.6% |
| Other Changes | $-2.61 Million | -33.48% |
| Total Change | $- | 470.18% |
Book Value vs Market Value Analysis
This analysis compares DEFSEC Technologies 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
- Current price-to-book ratio: 0.29x
- 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 0.00x to 0.29x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | $2033.11 | $3.75 | x |
| 2022-09-30 | $-288.44 | $3.75 | x |
| 2023-09-30 | $202.46 | $3.75 | x |
| 2024-09-30 | $34.74 | $3.75 | x |
| 2025-09-30 | $12.79 | $3.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DEFSEC Technologies 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): -123.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -194.77%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.66x
- Recent ROE (-123.39%) is above the historical average (-211.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -152.12% | -730.16% | 0.15x | 1.42x | $-9.93 Million |
| 2022 | 0.00% | -1458.08% | 0.10x | 0.00x | $-10.42 Million |
| 2023 | -236.46% | -753.89% | 0.10x | 2.99x | $-9.70 Million |
| 2024 | -543.58% | -494.42% | 0.27x | 4.11x | $-7.57 Million |
| 2025 | -123.39% | -194.77% | 0.38x | 1.66x | $-10.41 Million |
Industry Comparison
This section compares DEFSEC Technologies Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,119,318,888
- Average return on equity (ROE) among peers: -2.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DEFSEC Technologies Inc. (DFSC) | $7.27 Million | -152.12% | 0.56x | $7.48 Million |
| Archer Aviation Inc (ACHR) | $493.30 Million | -64.32% | 0.16x | $4.09 Billion |
| AAR Corp (AIR) | $1.21 Billion | 1.03% | 1.35x | $4.68 Billion |
| Air Industries Group (AIRI) | $-774.42K | 0.00% | 0.00x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $623.00 Million | -4.10% | 0.18x | $206.21 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $2.82 Billion |
| Astronics Corporation (ATRO) | $60.11 Million | -6.32% | 1.31x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $382.19 Million | 3.43% | 0.13x | $8.46 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $1.01 Billion |
| Axon Enterprise Inc. (AXON) | $117.56 Million | -3.73% | 0.16x | $34.10 Billion |
| The Boeing Company (BA) | $4.74 Billion | 46.74% | 9.93x | $174.71 Billion |
About DEFSEC Technologies Inc.
DEFSEC Technologies Inc. engages in the development and commercialization of tactical systems for security, and personal defense markets. The company offers DEFSEC Lightning, a military digitization technology; Less-Lethal Munitions Systems, including PARA SHOT, a next-generation less-lethal system and ARWEN, a 40mm munition and new marking cartridge; It also provides BMA-Ready Solutions, includi… Read more