Solarmax Technology Inc. Common Stock (SMXT) - Net Assets
Based on the latest financial reports, Solarmax Technology Inc. Common Stock (SMXT) has net assets worth $-11.41 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($106.19 Million) and total liabilities ($117.60 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. Also explore Solarmax Technology Inc. Common Stock balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-11.41 Million |
| % of Total Assets | -10.74% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 178.6 |
Solarmax Technology Inc. Common Stock - Net Assets Trend (2017–2025)
This chart illustrates how Solarmax Technology Inc. Common Stock's net assets have evolved over time, based on quarterly financial data. Check Solarmax Technology Inc. Common Stock (SMXT) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Solarmax Technology Inc. Common Stock (2017–2025)
The table below shows the annual net assets of Solarmax Technology Inc. Common Stock from 2017 to 2025. For live valuation and market cap data, see how much is Solarmax Technology Inc. Common Stock worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-12.21 Million | +19.03% |
| 2024-12-31 | $-15.08 Million | +5.09% |
| 2023-12-31 | $-15.89 Million | +1.97% |
| 2022-12-31 | $-16.21 Million | -91.87% |
| 2021-12-31 | $-8.45 Million | -55.35% |
| 2020-12-31 | $-5.44 Million | -443.11% |
| 2018-12-31 | $1.58 Million | -85.92% |
| 2017-12-31 | $11.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solarmax Technology Inc. Common Stock'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 7416811500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $56.17K | % |
| Other Comprehensive Income | $-1.42 Million | % |
| Other Components | $99.06 Million | % |
| Total Equity | $-12.21 Million | 100.00% |
Solarmax Technology Inc. Common Stock Competitors by Market Cap
The table below lists competitors of Solarmax Technology Inc. Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kingston Resources Ltd
AU:KSN
|
$19.64 Million |
|
GridAI Technologies Corp.
NASDAQ:GRDX
|
$19.64 Million |
|
Eugene ACPC SPAC 2
KQ:215090
|
$19.64 Million |
|
Puncak Niaga Holdings Bhd
KLSE:6807
|
$19.65 Million |
|
Comfort Gloves Bhd
KLSE:2127
|
$19.62 Million |
|
MiniLuxe Holding Corp
V:MNLX
|
$19.62 Million |
|
Asuransi Ramayana Tbk
JK:ASRM
|
$19.62 Million |
|
Polygiene AB
ST:POLYG
|
$19.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solarmax Technology Inc. Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -15,078,942 to -12,210,098, a change of 2,868,844.
- Net loss of 6,324,000 reduced equity.
- New share issuances of 4,752,535 increased equity.
- Other comprehensive income increased equity by 31,327.
- Other factors increased equity by 4,408,982.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.32 Million | -51.79% |
| Share Issuances | $4.75 Million | +38.92% |
| Other Comprehensive Income | $31.33K | +0.26% |
| Other Changes | $4.41 Million | +36.11% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Solarmax Technology Inc. Common Stock'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.25 | $0.35 | x |
| 2018-12-31 | $0.04 | $0.35 | x |
| 2020-12-31 | $-0.11 | $0.35 | x |
| 2021-12-31 | $-0.18 | $0.35 | x |
| 2022-12-31 | $-0.34 | $0.35 | x |
| 2023-12-31 | $-0.36 | $0.35 | x |
| 2024-12-31 | $-0.33 | $0.35 | x |
| 2025-12-31 | $-0.24 | $0.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solarmax Technology Inc. Common Stock 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.95%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-118.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -105.70% | -13.42% | 0.94x | 8.42x | $-13.06 Million |
| 2018 | -845.73% | -16.25% | 0.81x | 64.32x | $-14.77 Million |
| 2020 | 0.00% | 0.74% | 1.37x | 0.00x | $1.50 Million |
| 2021 | 0.00% | -8.80% | 0.52x | 0.00x | $-2.48 Million |
| 2022 | 0.00% | -15.37% | 0.73x | 0.00x | $-5.25 Million |
| 2023 | 0.00% | 0.80% | 1.11x | 0.00x | $2.02 Million |
| 2024 | 0.00% | -152.10% | 0.60x | 0.00x | $-33.45 Million |
| 2025 | 0.00% | -6.95% | 1.00x | 0.00x | $-5.10 Million |
Industry Comparison
This section compares Solarmax Technology Inc. Common Stock's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $2,972,794,830
- Average return on equity (ROE) among peers: -78.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solarmax Technology Inc. Common Stock (SMXT) | $-11.41 Million | -105.70% | N/A | $19.63 Million |
| Array Technologies Inc (ARRY) | $610.51 Million | 22.48% | 1.80x | $797.34 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $4.59 Million | -430.80% | 3.07x | $28.57 Million |
| Beam Global (BEEM) | $-1.39 Million | 0.00% | 0.00x | $19.98 Million |
| Canadian Solar Inc (CSIQ) | $1.89 Billion | 7.75% | 2.45x | $1.01 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $105.28 Million | -28.00% | 1.17x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $41.45 Million | -53.28% | 2.99x | $4.80 Billion |
| First Solar Inc (FSLR) | $13.13 Million | -49.22% | 6.76x | $22.68 Billion |
| FTC Solar Inc (FTCI) | $19.04 Million | -255.34% | 3.72x | $44.01 Million |
| iSun, Inc. (ISUNQ) | $38.67 Million | -1.12% | 0.05x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $27.00 Billion | 2.30% | 3.02x | $782.02 Million |
About Solarmax Technology Inc. Common Stock
SolarMax Technology, Inc., through its subsidiaries, operates as an integrated solar and renewable energy company in the United States. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction servi… Read more