NETCLASS TECHNOLOGY INC Class A Ordinary Shares (NTCL) - Net Assets
Based on the latest financial reports, NETCLASS TECHNOLOGY INC Class A Ordinary Shares (NTCL) has net assets worth $5.98 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 ($13.81 Million) and total liabilities ($7.83 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 NTCL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.98 Million |
| % of Total Assets | 43.29% |
| Annual Growth Rate | 34.16% |
| 5-Year Change | 136.65% |
| 10-Year Change | N/A |
| Growth Volatility | 52.55 |
NETCLASS TECHNOLOGY INC Class A Ordinary Shares - Net Assets Trend (2020–2025)
This chart illustrates how NETCLASS TECHNOLOGY INC Class A Ordinary Shares's net assets have evolved over time, based on quarterly financial data. See NETCLASS TECHNOLOGY INC Class A Ordinary (NTCL) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for NETCLASS TECHNOLOGY INC Class A Ordinary Shares (2020–2025)
The table below shows the annual net assets of NETCLASS TECHNOLOGY INC Class A Ordinary Shares from 2020 to 2025. For live valuation and market cap data, see NETCLASS TECHNOLOGY INC Class A Ordinary market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $5.98 Million | +95.24% |
| 2024-09-30 | $3.06 Million | -31.09% |
| 2023-09-30 | $4.44 Million | +84.31% |
| 2022-09-30 | $2.41 Million | -4.57% |
| 2021-09-30 | $2.53 Million | +83.64% |
| 2020-09-30 | $1.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NETCLASS TECHNOLOGY INC Class A Ordinary Shares'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 1103782400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.12K | 0.09% |
| Other Comprehensive Income | $-169.21K | -2.93% |
| Other Components | $18.47 Million | 319.53% |
| Total Equity | $5.78 Million | 100.00% |
NETCLASS TECHNOLOGY INC Class A Ordinary Shares Competitors by Market Cap
The table below lists competitors of NETCLASS TECHNOLOGY INC Class A Ordinary Shares ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chia Yi Steel Co Ltd
TWO:2067
|
$9.27 Million |
|
WALLBOX N.V. CL.A EO-12
F:67E
|
$9.27 Million |
|
Baselode Energy Corp
V:FIND
|
$9.27 Million |
|
R. S. Software (India) Limited
NSE:RSSOFTWARE
|
$9.28 Million |
|
Nusantara Voucher Distribution Tbk PT
JK:DIVA
|
$9.27 Million |
|
Magna Polonia SA
WAR:06N
|
$9.27 Million |
|
ABM Fujiya Bhd
KLSE:5198
|
$9.26 Million |
|
Zenta Group Company Limited Ordinary Shares
NASDAQ:ZGM
|
$9.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NETCLASS TECHNOLOGY INC Class A Ordinary Shares's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,971,181 to 5,781,700, a change of 2,810,519 (94.6%).
- Net loss of 10,824,582 reduced equity.
- New share issuances of 10,350,000 increased equity.
- Other comprehensive income increased equity by 16,925.
- Other factors increased equity by 3,268,176.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.82 Million | -187.22% |
| Share Issuances | $10.35 Million | +179.01% |
| Other Comprehensive Income | $16.93K | +0.29% |
| Other Changes | $3.27 Million | +56.53% |
| Total Change | $- | 94.59% |
Book Value vs Market Value Analysis
This analysis compares NETCLASS TECHNOLOGY INC Class A Ordinary Shares'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: 0.47x
- 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 decreased from 1.69x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | $0.09 | $0.16 | x |
| 2021-09-30 | $0.17 | $0.16 | x |
| 2022-09-30 | $0.16 | $0.16 | x |
| 2023-09-30 | $0.30 | $0.16 | x |
| 2024-09-30 | $0.19 | $0.16 | x |
| 2025-09-30 | $0.34 | $0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NETCLASS TECHNOLOGY INC Class A Ordinary Shares 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): -187.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -110.40%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.39x
- Recent ROE (-187.22%) is below the historical average (-28.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 14.63% | 6.99% | 0.76x | 2.75x | $65.77K |
| 2021 | 42.22% | 9.23% | 2.74x | 1.67x | $813.90K |
| 2022 | 5.50% | 1.43% | 2.13x | 1.81x | $-108.42K |
| 2023 | 3.65% | 1.46% | 1.70x | 1.47x | $-282.15K |
| 2024 | -49.74% | -14.63% | 1.40x | 2.43x | $-1.77 Million |
| 2025 | -187.22% | -110.40% | 0.71x | 2.39x | $-11.40 Million |
Industry Comparison
This section compares NETCLASS TECHNOLOGY INC Class A Ordinary Shares's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $961,395,124
- Average return on equity (ROE) among peers: -36.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NETCLASS TECHNOLOGY INC Class A Ordinary Shares (NTCL) | $5.98 Million | 14.63% | 1.31x | $9.27 Million |
| Adobe Systems Incorporated (ADBE) | $616.97 Million | 33.33% | 0.51x | $79.34 Billion |
| ADEIA CORP (ADEA) | $418.32 Million | 10.79% | 0.06x | $3.40 Billion |
| Automatic Data Processing Inc (ADP) | $3.41 Billion | 17.77% | 0.52x | $87.45 Billion |
| Autodesk Inc (ADSK) | $296.90 Million | 20.95% | 0.36x | $40.93 Billion |
| AudioEye Inc (AEYE) | $1.57 Million | -497.00% | 4.84x | $71.03 Million |
| Agilysys Inc (AGYS) | $132.80 Million | 4.88% | 0.61x | $2.01 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $9.98 Million | 52.24% | 0.32x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-2.11 Million | 0.00% | 0.00x | $20.47 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.98 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.74 Billion | -7.28% | 1.27x | $311.26 Million |
About NETCLASS TECHNOLOGY INC Class A Ordinary Shares
NetClass Technology Inc, through its subsidiaries, provides online professional education platform and related courseware in the People's Republic of China, Hong Kong, Singapore, Japan, and the Cayman Islands. Its solutions modules include teaching management, campus management, online teaching, online examination, control, data storage and computing system, EDC blockchain system, and lecturer ev… Read more