Toughbuilt Industries Inc (TBLT) - Net Assets
Based on the latest financial reports, Toughbuilt Industries Inc (TBLT) has net assets worth $-9.72 Million USD as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($51.79 Million) and total liabilities ($61.51 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 TBLT financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-9.72 Million |
| % of Total Assets | -18.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | -150.25% |
| 10-Year Change | N/A |
| Growth Volatility | 246.15 |
Toughbuilt Industries Inc - Net Assets Trend (2014–2024)
This chart illustrates how Toughbuilt Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore Toughbuilt Industries Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Toughbuilt Industries Inc (2014–2024)
The table below shows the annual net assets of Toughbuilt Industries Inc from 2014 to 2024. For live valuation and market cap data, see TBLT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-9.72 Million | 0.00% |
| 2023-12-31 | $-9.72 Million | -132.72% |
| 2022-12-31 | $29.71 Million | -48.69% |
| 2021-12-31 | $57.90 Million | +199.27% |
| 2020-12-31 | $19.35 Million | +499.60% |
| 2019-12-31 | $3.23 Million | +117.02% |
| 2018-12-31 | $-18.96 Million | -94.47% |
| 2017-12-31 | $-9.75 Million | -148.70% |
| 2016-12-31 | $-3.92 Million | -805.42% |
| 2015-12-31 | $-432.97K | +6.94% |
| 2014-12-31 | $-465.28K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toughbuilt Industries 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 19092708600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $57.00 | % |
| Other Comprehensive Income | $82.47K | % |
| Other Components | $181.60 Million | % |
| Total Equity | $-9.72 Million | 100.00% |
Toughbuilt Industries Inc Competitors by Market Cap
The table below lists competitors of Toughbuilt Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bangkok Expressway and Metro PCL F
F:B4X
|
$1.31K |
|
Sonder Holdings Inc. Class A
NASDAQ:SONDQ
|
$1.33K |
|
Mazhar Zorlu Holding AS
IS:MZHLD
|
$1.36K |
|
China Harmony Auto Holding Ltd
STU:HA5
|
$1.39K |
|
Ordinary Fully Paid Deferred Settlement
AU:VMLDB
|
$1.30K |
|
BONAS IMPORT EXPORT S.A.
RO:BONA
|
$1.29K |
|
Fox Marble Holdings PLC
LSE:FOX
|
$1.27K |
|
Ordinary Fully Paid Deferred Settlement
AU:TX3DA
|
$1.17K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toughbuilt Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -9,721,027 to -9,721,027, a change of 0.
- Net loss of 46,449,313 reduced equity.
- Other comprehensive income increased equity by 82,472.
- Other factors increased equity by 46,366,841.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-46.45 Million | -477.82% |
| Other Comprehensive Income | $82.47K | +0.85% |
| Other Changes | $46.37 Million | +476.97% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Toughbuilt Industries 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $-4276.64 | $0.00 | x |
| 2016-12-31 | $-40414.25 | $0.00 | x |
| 2017-12-31 | $-100509.53 | $0.00 | x |
| 2018-12-31 | $-195456.77 | $0.00 | x |
| 2019-12-31 | $10145.57 | $0.00 | x |
| 2020-12-31 | $6924.14 | $0.00 | x |
| 2021-12-31 | $5624.30 | $0.00 | x |
| 2022-12-31 | $292.96 | $0.00 | x |
| 2023-12-31 | $-17.12 | $0.00 | x |
| 2024-12-31 | $-1661.43 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toughbuilt Industries 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -60.90%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-38.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | -6.82% | 3.28x | 0.00x | $-312.50K |
| 2015 | 0.00% | 0.36% | 5.86x | 0.00x | $75.61K |
| 2016 | 0.00% | -51.34% | 2.70x | 0.00x | $-4.34 Million |
| 2017 | 0.00% | -41.84% | 5.91x | 0.00x | $-4.97 Million |
| 2018 | 0.00% | -180.85% | 1.73x | 0.00x | $-25.76 Million |
| 2019 | -133.30% | -22.53% | 1.82x | 3.24x | $-4.62 Million |
| 2020 | -89.68% | -43.99% | 1.43x | 1.42x | $-19.28 Million |
| 2021 | -64.82% | -53.59% | 0.89x | 1.36x | $-43.32 Million |
| 2022 | -132.27% | -41.25% | 1.14x | 2.82x | $-42.27 Million |
| 2023 | 0.00% | -60.90% | 1.47x | 0.00x | $-45.48 Million |
| 2024 | 0.00% | -60.90% | 1.47x | 0.00x | $-45.48 Million |
Industry Comparison
This section compares Toughbuilt Industries Inc's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $933,388,000
- Average return on equity (ROE) among peers: 10.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toughbuilt Industries Inc (TBLT) | $-9.72 Million | 0.00% | N/A | $1.30K |
| Chicago Rivet & Machine Co (CVR) | $14.10 Million | 7.09% | 0.19x | $8.74 Million |
| Eastern Co (EML) | $29.20 Million | 12.67% | 0.57x | $115.70 Million |
| Hillman Solutions Corp (HLMN) | $364.59 Million | -6.72% | 5.77x | $1.55 Billion |
| Kennametal Inc (KMT) | $251.50 Million | 5.13% | 0.88x | $2.93 Billion |
| Lincoln Electric Holdings Inc (LECO) | $932.45 Million | 26.54% | 1.58x | $14.59 Billion |
| RBC Bearings Incorporated (RBC) | $834.55 Million | 10.44% | 0.37x | $17.69 Billion |
| Snap-On Inc (SNA) | $4.20 Billion | 19.52% | 0.61x | $19.75 Billion |
| Stanley Black & Decker Inc (SWK) | $705.50 Million | 13.48% | 1.19x | $11.40 Billion |
| Timken Company (TKR) | $1.06 Billion | 5.19% | 0.47x | $7.35 Billion |
About Toughbuilt Industries Inc
ToughBuilt Industries, Inc. engages in design, manufacture, and distribution of home improvement and construction products for the building industry in the United States, the United Kingdom, Brazil, Canada, Europe, Mexico, and internationally. It offers tool pouches, tool rigs, tool belts and accessories, tools bags, totes, various storage solutions, and office organizers/bags for laptop/tablet/c… Read more