Keel Infrastructure Corp. (KEEL) - Net Assets
Based on the latest financial reports, Keel Infrastructure Corp. (KEEL) has net assets worth $328.72 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.42 Billion) and total liabilities ($1.09 Billion). 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 KEEL net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $328.72 Million |
| % of Total Assets | 23.22% |
| Annual Growth Rate | 45.5% |
| 5-Year Change | 56.09% |
| 10-Year Change | N/A |
| Growth Volatility | 734.56 |
Keel Infrastructure Corp. - Net Assets Trend (2017–2025)
This chart illustrates how Keel Infrastructure Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore KEEL net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Net Assets for Keel Infrastructure Corp. (2017–2025)
The table below shows the annual net assets of Keel Infrastructure Corp. from 2017 to 2025. For live market cap and overall valuation, see Keel Infrastructure Corp. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $560.38 Million | -7.83% |
| 2024-12-31 | $608.00 Million | +106.27% |
| 2023-12-31 | $294.76 Million | +15.41% |
| 2022-12-31 | $255.40 Million | -28.86% |
| 2021-12-31 | $359.01 Million | +2224.12% |
| 2020-12-31 | $15.45 Million | -45.00% |
| 2019-12-31 | $28.09 Million | +36.01% |
| 2018-12-31 | $20.65 Million | -25.99% |
| 2017-12-31 | $27.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Keel Infrastructure Corp.'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 12586.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.06 Billion | 189.97% |
| Other Components | $108.28 Million | 19.32% |
| Total Equity | $560.38 Million | 100.00% |
Keel Infrastructure Corp. Competitors by Market Cap
The table below lists competitors of Keel Infrastructure Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Aval Acciones y Valores S.A
F:6GAA
|
$1.88 Billion |
|
Pfizer Limited
NSE:PFIZER
|
$1.88 Billion |
|
L&F Co. Ltd
KQ:066970
|
$1.88 Billion |
|
Wuxi Rural Commercial Bank Co Ltd
SHG:600908
|
$1.89 Billion |
|
Porton Fine Chemicals Ltd
SHE:300363
|
$1.88 Billion |
|
Suzhou TZTEK Technology Co Ltd
SHG:688003
|
$1.88 Billion |
|
Keli Sensing Technology Ningbo Co Ltd
SHG:603662
|
$1.88 Billion |
|
F&F Co Ltd
KO:383220
|
$1.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keel Infrastructure Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 607,995,000 to 560,375,000, a change of -47,620,000 (-7.8%).
- Net loss of 284,544,000 reduced equity.
- Share repurchases of 9,954,000 reduced equity.
- New share issuances of 72,747,000 increased equity.
- Other comprehensive income decreased equity by 22,695,000.
- Other factors increased equity by 196,826,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-284.54 Million | -50.78% |
| Share Repurchases | $9.95 Million | -1.78% |
| Share Issuances | $72.75 Million | +12.98% |
| Other Comprehensive Income | $-22.70 Million | -4.05% |
| Other Changes | $196.83 Million | +35.12% |
| Total Change | $- | -7.83% |
Book Value vs Market Value Analysis
This analysis compares Keel Infrastructure Corp.'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: 3.00x
- 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 6.24x to 3.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.49 | $3.05 | x |
| 2018-12-31 | $0.27 | $3.05 | x |
| 2019-12-31 | $0.40 | $3.05 | x |
| 2020-12-31 | $0.18 | $3.05 | x |
| 2021-12-31 | $2.12 | $3.05 | x |
| 2022-12-31 | $1.23 | $3.05 | x |
| 2023-12-31 | $1.12 | $3.05 | x |
| 2024-12-31 | $1.47 | $3.05 | x |
| 2025-12-31 | $1.02 | $3.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keel Infrastructure Corp. 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): -50.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -124.11%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.31x
- Recent ROE (-50.78%) is below the historical average (-32.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 18.21% | 56.62% | 0.26x | 1.24x | $2.29 Million |
| 2018 | -60.63% | -27.70% | 1.29x | 1.70x | $-10.91 Million |
| 2019 | 10.32% | 8.94% | 0.61x | 1.88x | $90.20K |
| 2020 | -105.45% | -46.94% | 0.67x | 3.35x | $-17.83 Million |
| 2021 | 6.16% | 13.06% | 0.31x | 1.51x | $-13.77 Million |
| 2022 | -68.77% | -123.32% | 0.42x | 1.34x | $-201.18 Million |
| 2023 | -36.95% | -74.42% | 0.39x | 1.28x | $-138.40 Million |
| 2024 | -8.89% | -28.03% | 0.29x | 1.10x | $-114.86 Million |
| 2025 | -50.78% | -124.11% | 0.18x | 2.31x | $-340.58 Million |
Industry Comparison
This section compares Keel Infrastructure Corp.'s net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $739,555,317
- Average return on equity (ROE) among peers: -14.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keel Infrastructure Corp. (KEEL) | $328.72 Million | 18.21% | 3.31x | $1.88 Billion |
| Accenture plc (ACN) | $4.62 Billion | 55.22% | 2.60x | $107.58 Billion |
| AIOS Tech Inc. (AIOS) | $184.60 Million | 16.46% | 0.48x | $37.10 Million |
| Alithya Group Inc (ALYAF) | $108.01 Million | -14.39% | 1.25x | $75.13 Million |
| Applied Digital Corporation (APLD) | $8.41 Million | -16.78% | 0.09x | $6.77 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $190.37 Million | -35.89% | 0.09x | $7.71 Million |
| ASGN Inc (ASGN) | $95.29 Million | 20.20% | 0.11x | $897.55 Million |
| Aurora Innovation Inc (AUR) | $486.70 Million | -43.97% | 0.27x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $611.87 Million | -48.04% | 0.46x | $1.15 Billion |
| Broadridge Financial Solutions Inc (BR) | $1.00 Billion | 32.55% | 2.14x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $81.97 Million | -111.49% | 0.25x | $18.91 Million |
About Keel Infrastructure Corp.
Keel Infrastructure Corp. operates digital and energy infrastructure with focus on high-performance computing (HPC) and artificial intelligence (AI) workloads in North America, Canada, and the United States. It primarily owns and operates data centers housing computers to validate transactions on the bitcoin blockchain, as well as sells computational power used for hashing calculations for crypto… Read more