High Tide Inc (HITI) - Net Assets
Based on the latest financial reports, High Tide Inc (HITI) has net assets worth $102.77 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($349.02 Million) and total liabilities ($246.24 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 HITI cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $102.77 Million |
| % of Total Assets | 29.45% |
| Annual Growth Rate | N/A |
| 5-Year Change | -32.39% |
| 10-Year Change | N/A |
| Growth Volatility | 423.41 |
High Tide Inc - Net Assets Trend (2016–2025)
This chart illustrates how High Tide Inc's net assets have evolved over time, based on quarterly financial data. Also explore High Tide Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for High Tide Inc (2016–2025)
The table below shows the annual net assets of High Tide Inc from 2016 to 2025. For live valuation and market cap data, see HITI stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $102.77 Million | -29.37% |
| 2024-10-31 | $145.51 Million | +8.86% |
| 2023-10-31 | $133.67 Million | -17.51% |
| 2022-10-31 | $162.03 Million | +6.60% |
| 2021-10-31 | $152.00 Million | +1196.63% |
| 2020-10-31 | $11.72 Million | +24.62% |
| 2019-10-31 | $9.41 Million | -59.65% |
| 2018-10-31 | $23.32 Million | +341.44% |
| 2017-10-31 | $-9.66 Million | +2.20% |
| 2016-10-31 | $-9.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to High Tide 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 25019591500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $329.60 Million | 376.26% |
| Other Comprehensive Income | $-23.95 Million | -27.34% |
| Other Components | $42.02 Million | 47.97% |
| Total Equity | $87.60 Million | 100.00% |
High Tide Inc Competitors by Market Cap
The table below lists competitors of High Tide Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Azkoyen
MC:AZK
|
$213.59 Million |
|
Rockfields Property Indonesia Pt
JK:ROCK
|
$213.60 Million |
|
Clearwater Paper Corporation
NYSE:CLW
|
$213.63 Million |
|
Orbitech Co. Ltd
KQ:046120
|
$213.75 Million |
|
Mediwound Ltd
NASDAQ:MDWD
|
$213.45 Million |
|
EIH Associated Hotels Limited
NSE:EIHAHOTELS
|
$213.39 Million |
|
Bell Equipment Limited
JSE:BEL
|
$213.38 Million |
|
Hoang Huy Investment Services JSC
VN:HHS
|
$213.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in High Tide Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 143,272,000 to 87,597,239, a change of -55,674,761 (-38.9%).
- Net loss of 50,747,000 reduced equity.
- Dividend payments of 1,402,811 reduced retained earnings.
- New share issuances of 52,000 increased equity.
- Other comprehensive income decreased equity by 29,205,783.
- Other factors increased equity by 25,628,833.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-50.75 Million | -57.93% |
| Dividends Paid | $1.40 Million | -1.6% |
| Share Issuances | $52.00K | +0.06% |
| Other Comprehensive Income | $-29.21 Million | -33.34% |
| Other Changes | $25.63 Million | +29.26% |
| Total Change | $- | -38.86% |
Book Value vs Market Value Analysis
This analysis compares High Tide 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: 2.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-10-31 | $-0.22 | $2.45 | x |
| 2017-10-31 | $-0.74 | $2.45 | x |
| 2018-10-31 | $1.78 | $2.45 | x |
| 2019-10-31 | $0.73 | $2.45 | x |
| 2020-10-31 | $0.67 | $2.45 | x |
| 2021-10-31 | $3.47 | $2.45 | x |
| 2022-10-31 | $2.49 | $2.45 | x |
| 2023-10-31 | $1.77 | $2.45 | x |
| 2024-10-31 | $1.80 | $2.45 | x |
| 2025-10-31 | $1.07 | $2.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently High Tide 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): -57.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.54%
- • Asset Turnover: 1.70x
- • Equity Multiplier: 3.98x
- Recent ROE (-57.93%) is below the historical average (-52.22%), 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 | 0.00% | 14.57% | 0.80x | 0.00x | $2.20 Million |
| 2017 | 0.00% | 2.97% | 0.90x | 0.00x | $1.26 Million |
| 2018 | -19.38% | -51.66% | 0.34x | 1.11x | $-6.85 Million |
| 2019 | -274.27% | -84.02% | 0.77x | 4.25x | $-27.25 Million |
| 2020 | -68.51% | -8.37% | 1.19x | 6.86x | $-7.99 Million |
| 2021 | -23.34% | -18.97% | 0.74x | 1.67x | $-49.08 Million |
| 2022 | -45.89% | -20.11% | 1.30x | 1.76x | $-87.39 Million |
| 2023 | -29.88% | -8.06% | 2.09x | 1.77x | $-52.47 Million |
| 2024 | -3.03% | -0.83% | 2.12x | 1.72x | $-18.66 Million |
| 2025 | -57.93% | -8.54% | 1.70x | 3.98x | $-59.51 Million |
Industry Comparison
This section compares High Tide Inc's net assets metrics with peer companies in the Pharmaceutical Retailers industry.
Industry Context
- Industry: Pharmaceutical Retailers
- Average net assets among peers: $213,718,354
- Average return on equity (ROE) among peers: -15.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| High Tide Inc (HITI) | $102.77 Million | 0.00% | 2.40x | $213.45 Million |
| Bimi International Medical Inc (BIMI) | $9.99 Million | -168.11% | 1.31x | $1.40K |
| Hong Kong Pharma Digital Technology Holdings Limited Ordinary shares (HKPD) | $4.25 Million | 31.26% | 1.04x | $7.54 Million |
| PetMed Express Inc (PETS) | $85.13 Million | -7.37% | 0.75x | $49.22 Million |
| Ridgetech, Inc. (RDGT) | $22.74 Million | -14.04% | 3.68x | $25.42 Million |
| Scienture Holdings, Inc. (SCNX) | $4.14 Million | -6.87% | 0.35x | $13.86 Million |
| SunLink Health Systems Inc (SSY) | $9.90 Million | 26.26% | 3.65x | $7.85 Million |
| Walgreens Boots Alliance Inc (WBA) | $1.57 Billion | 17.91% | 0.85x | $10.37 Billion |
| Wellgistics Health, Inc. Common Stock (WGRX) | $-5.25K | 0.00% | 0.00x | $11.07 Million |
About High Tide Inc
High Tide Inc. engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Bricks and Mortar, E-commerce, and Medical Cannabis Distribution segments. It manufactures and distributes consumption accessories; cannabis; and hemp derived products. The company also engages in data analytics; advertising; product sourcing and imports; event-ba… Read more