Mind Technology Inc (MIND) - Net Assets
Based on the latest financial reports, Mind Technology Inc (MIND) has net assets worth $39.94 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 ($47.34 Million) and total liabilities ($7.40 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 MIND financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $39.94 Million |
| % of Total Assets | 84.37% |
| Annual Growth Rate | 5.07% |
| 5-Year Change | -10.14% |
| 10-Year Change | -73.98% |
| Growth Volatility | 74.33 |
Mind Technology Inc - Net Assets Trend (1995–2025)
This chart illustrates how Mind Technology Inc's net assets have evolved over time, based on quarterly financial data. Also explore Mind Technology Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Mind Technology Inc (1995–2025)
The table below shows the annual net assets of Mind Technology Inc from 1995 to 2025. For live valuation and market cap data, see MIND company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $27.33 Million | +20.72% |
| 2024-01-31 | $22.64 Million | -1.78% |
| 2023-01-31 | $23.05 Million | -23.83% |
| 2022-01-31 | $30.26 Million | -0.50% |
| 2021-01-31 | $30.42 Million | -36.17% |
| 2020-01-31 | $47.65 Million | -15.93% |
| 2019-01-31 | $56.68 Million | -13.93% |
| 2018-01-31 | $65.85 Million | -18.64% |
| 2017-01-31 | $80.93 Million | -22.95% |
| 2016-01-31 | $105.04 Million | -28.29% |
| 2015-01-31 | $146.47 Million | -14.07% |
| 2014-01-31 | $170.45 Million | -3.33% |
| 2013-01-31 | $176.31 Million | +13.43% |
| 2012-01-31 | $155.43 Million | +64.11% |
| 2011-01-31 | $94.72 Million | +11.49% |
| 2010-01-31 | $84.95 Million | +10.16% |
| 2009-01-31 | $77.12 Million | +1.79% |
| 2008-01-31 | $75.77 Million | +27.33% |
| 2007-01-31 | $59.51 Million | +25.41% |
| 2006-01-31 | $47.45 Million | +40.07% |
| 2005-01-31 | $33.88 Million | +10.00% |
| 2004-01-31 | $30.80 Million | -8.50% |
| 2003-01-31 | $33.66 Million | -21.00% |
| 2002-01-31 | $42.60 Million | -21.09% |
| 2001-01-31 | $53.99 Million | -10.43% |
| 2000-01-31 | $60.27 Million | -6.98% |
| 1999-01-31 | $64.80 Million | -12.67% |
| 1998-01-31 | $74.20 Million | +388.16% |
| 1997-01-31 | $15.20 Million | +90.00% |
| 1996-01-31 | $8.00 Million | +29.03% |
| 1995-01-31 | $6.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mind Technology 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 5522.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $80.00K | 0.29% |
| Other Comprehensive Income | $34.00K | 0.12% |
| Other Components | $135.67 Million | 496.36% |
| Total Equity | $27.33 Million | 100.00% |
Mind Technology Inc Competitors by Market Cap
The table below lists competitors of Mind Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Razor Labs Ltd
TA:RZR
|
$58.75 Million |
|
Tembaga Mulia Semanan Tbk
JK:TBMS
|
$58.76 Million |
|
Notion Vtec Bhd
KLSE:0083
|
$58.77 Million |
|
An-Shin Food Services Co Ltd
TWO:1259
|
$58.78 Million |
|
Ariana Resources Plc
AU:AA2
|
$58.74 Million |
|
Alset Ehome International Inc
NASDAQ:AEI
|
$58.73 Million |
|
Kraft Bank Asa
OL:KRAB
|
$58.73 Million |
|
Ozerden Plastik Sanayi
IS:OZRDN
|
$58.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mind Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,641,000 to 27,332,000, a change of 4,691,000 (20.7%).
- Net income of 5,074,000 contributed positively to equity growth.
- Other factors decreased equity by 383,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.07 Million | +18.56% |
| Other Changes | $-383.00K | -1.4% |
| Total Change | $- | 20.72% |
Book Value vs Market Value Analysis
This analysis compares Mind Technology 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: 1.90x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.33x to 1.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-01-31 | $19.56 | $6.50 | x |
| 1996-01-31 | $23.53 | $6.50 | x |
| 1997-01-31 | $33.78 | $6.50 | x |
| 1998-01-31 | $96.54 | $6.50 | x |
| 1999-01-31 | $16.51 | $6.50 | x |
| 2000-01-31 | $15.45 | $6.50 | x |
| 2001-01-31 | $14.96 | $6.50 | x |
| 2002-01-31 | $12.07 | $6.50 | x |
| 2003-01-31 | $9.58 | $6.50 | x |
| 2004-01-31 | $8.79 | $6.50 | x |
| 2005-01-31 | $9.10 | $6.50 | x |
| 2006-01-31 | $12.05 | $6.50 | x |
| 2007-01-31 | $14.84 | $6.50 | x |
| 2008-01-31 | $18.42 | $6.50 | x |
| 2009-01-31 | $18.89 | $6.50 | x |
| 2010-01-31 | $21.32 | $6.50 | x |
| 2011-01-31 | $23.26 | $6.50 | x |
| 2012-01-31 | $32.82 | $6.50 | x |
| 2013-01-31 | $33.29 | $6.50 | x |
| 2014-01-31 | $32.34 | $6.50 | x |
| 2015-01-31 | $29.34 | $6.50 | x |
| 2016-01-31 | $21.81 | $6.50 | x |
| 2017-01-31 | $16.76 | $6.50 | x |
| 2018-01-31 | $13.62 | $6.50 | x |
| 2019-01-31 | $11.71 | $6.50 | x |
| 2020-01-31 | $9.81 | $6.50 | x |
| 2021-01-31 | $5.86 | $6.50 | x |
| 2022-01-31 | $5.49 | $6.50 | x |
| 2023-01-31 | $4.18 | $6.50 | x |
| 2024-01-31 | $4.12 | $6.50 | x |
| 2025-01-31 | $3.43 | $6.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mind Technology 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): 18.56%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.83%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 1.34x
- Recent ROE (18.56%) is above the historical average (-7.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 16.13% | 18.87% | 0.65x | 1.32x | $380.00K |
| 1996 | 21.25% | 23.29% | 0.60x | 1.53x | $900.00K |
| 1997 | 17.76% | 18.37% | 0.60x | 1.60x | $1.18 Million |
| 1998 | 8.63% | 15.24% | 0.46x | 1.23x | $-1.02 Million |
| 1999 | -13.12% | -22.43% | 0.56x | 1.04x | $-14.98 Million |
| 2000 | -8.07% | -45.70% | 0.16x | 1.12x | $-10.89 Million |
| 2001 | -5.46% | -14.30% | 0.28x | 1.34x | $-8.34 Million |
| 2002 | -19.85% | -31.11% | 0.46x | 1.38x | $-12.72 Million |
| 2003 | -30.00% | -52.73% | 0.43x | 1.32x | $-13.46 Million |
| 2004 | -20.42% | -28.07% | 0.55x | 1.32x | $-9.37 Million |
| 2005 | 6.28% | 8.07% | 0.64x | 1.22x | $-1.26 Million |
| 2006 | 22.88% | 31.38% | 0.60x | 1.21x | $6.11 Million |
| 2007 | 15.60% | 18.98% | 0.59x | 1.40x | $3.33 Million |
| 2008 | 15.10% | 14.97% | 0.74x | 1.37x | $3.86 Million |
| 2009 | 11.75% | 13.57% | 0.64x | 1.35x | $1.35 Million |
| 2010 | 0.61% | 0.94% | 0.48x | 1.36x | $-7.98 Million |
| 2011 | 4.99% | 6.63% | 0.52x | 1.46x | $-4.74 Million |
| 2012 | 15.65% | 21.55% | 0.57x | 1.28x | $8.78 Million |
| 2013 | 9.67% | 16.29% | 0.55x | 1.08x | $-580.30K |
| 2014 | 2.80% | 5.18% | 0.45x | 1.21x | $-12.28 Million |
| 2015 | -6.28% | -11.06% | 0.46x | 1.23x | $-23.84 Million |
| 2016 | -36.88% | -74.75% | 0.38x | 1.28x | $-49.24 Million |
| 2017 | -40.96% | -80.86% | 0.43x | 1.17x | $-41.25 Million |
| 2018 | -32.00% | -43.64% | 0.66x | 1.12x | $-27.65 Million |
| 2019 | -35.00% | -46.20% | 0.66x | 1.15x | $-25.51 Million |
| 2020 | -23.69% | -37.73% | 0.51x | 1.22x | $-16.05 Million |
| 2021 | -60.65% | -86.95% | 0.53x | 1.31x | $-21.49 Million |
| 2022 | -49.85% | -65.28% | 0.55x | 1.39x | $-18.11 Million |
| 2023 | -38.31% | -35.31% | 0.76x | 1.43x | $-11.14 Million |
| 2024 | -9.14% | -5.67% | 1.09x | 1.48x | $-4.33 Million |
| 2025 | 18.56% | 10.83% | 1.28x | 1.34x | $2.34 Million |
Industry Comparison
This section compares Mind Technology Inc's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $178,896,176
- Average return on equity (ROE) among peers: -0.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mind Technology Inc (MIND) | $39.94 Million | 16.13% | 0.19x | $58.75 Million |
| Ainos Inc (AIMD) | $-4.13 Million | 0.00% | 0.00x | $11.99 Million |
| Arbe Robotics Ltd (ARBE) | $244.47K | -8.16% | 0.01x | $79.73 Million |
| Astrotech Corp (ASTC) | $53.24 Million | -14.21% | 0.06x | $5.22 Million |
| Badger Meter Inc (BMI) | $32.20 Million | 11.49% | 0.88x | $3.56 Billion |
| Cognex Corporation (CGNX) | $1.26 Billion | 13.96% | 0.43x | $9.00 Billion |
| Coherent Inc (COHR) | $12.60 Million | 3.17% | 0.33x | $53.28 Billion |
| Electro-Sensors Inc (ELSE) | $13.72 Million | 5.55% | 0.20x | $15.51 Million |
| ESCO Technologies Inc (ESE) | $376.43 Million | 8.31% | 0.30x | $7.01 Billion |
| FARO Technologies Inc (FARO) | $33.38 Million | -6.04% | 0.35x | $849.75 Million |
| Focus Universal Inc (FCUV) | $9.07 Million | -22.33% | 0.02x | $1.20 Million |
About Mind Technology Inc
MIND Technology, Inc., together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally. The company's primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with … Read more