TH International Limited (THCH) - Net Assets
Based on the latest financial reports, TH International Limited (THCH) has net assets worth $-1.03 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.29 Billion) and total liabilities ($2.32 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. Check THCH financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.03 Billion |
| % of Total Assets | -79.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | -292.36% |
| 10-Year Change | N/A |
| Growth Volatility | 200.45 |
TH International Limited - Net Assets Trend (2019–2024)
This chart illustrates how TH International Limited's net assets have evolved over time, based on quarterly financial data. Also explore TH International Limited balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for TH International Limited (2019–2024)
The table below shows the annual net assets of TH International Limited from 2019 to 2024. For live valuation and market cap data, see how much is TH International Limited worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-833.01 Million | -97.20% |
| 2023-12-31 | $-422.43 Million | -482.97% |
| 2022-12-31 | $110.30 Million | -67.47% |
| 2021-12-31 | $339.10 Million | -21.70% |
| 2020-12-31 | $433.05 Million | +14.42% |
| 2019-12-31 | $378.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TH International Limited'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 255469736600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.73K | % |
| Other Comprehensive Income | $9.19 Million | % |
| Other Components | $1.82 Billion | % |
| Total Equity | $-840.89 Million | 100.00% |
TH International Limited Competitors by Market Cap
The table below lists competitors of TH International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IMPACT Silver Corp.
V:IPT
|
$60.52 Million |
|
Mercury Securities Group Berhad
KLSE:0285
|
$60.53 Million |
|
Westag & Getalit AG
F:WUG3
|
$60.55 Million |
|
Villars Holding SA
SW:VILN
|
$60.55 Million |
|
Sunmow Holding Bhd
KLSE:03050
|
$60.50 Million |
|
Bilendi
PA:ALBLD
|
$60.49 Million |
|
Sono-Tek Corp
NASDAQ:SOTK
|
$60.48 Million |
|
Newbridge Acquisition Limited Class A Ordinary Share
NASDAQ:NBRG
|
$60.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TH International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -427,206,881 to -840,889,000, a change of -413,682,119.
- Net loss of 412,082,000 reduced equity.
- New share issuances of 713 increased equity.
- Other comprehensive income decreased equity by 12,306,864.
- Other factors increased equity by 10,706,032.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-412.08 Million | -49.01% |
| Share Issuances | $713.00 | +0.0% |
| Other Comprehensive Income | $-12.31 Million | -1.46% |
| Other Changes | $10.71 Million | +1.27% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares TH International Limited'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 |
|---|---|---|---|
| 2019-12-31 | $13.62 | $2.10 | x |
| 2020-12-31 | $20.16 | $2.10 | x |
| 2021-12-31 | $12.46 | $2.10 | x |
| 2022-12-31 | $4.25 | $2.10 | x |
| 2023-12-31 | $-13.85 | $2.10 | x |
| 2024-12-31 | $-25.92 | $2.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TH International Limited 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: -29.62%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-142.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -23.90% | -153.09% | 0.13x | 1.21x | $-124.33 Million |
| 2020 | -33.16% | -66.95% | 0.37x | 1.36x | $-184.83 Million |
| 2021 | -113.76% | -59.33% | 0.50x | 3.83x | $-415.27 Million |
| 2022 | -682.26% | -73.45% | 0.38x | 24.27x | $-753.53 Million |
| 2023 | 0.00% | -55.61% | 0.71x | 0.00x | $-833.53 Million |
| 2024 | 0.00% | -29.62% | 0.89x | 0.00x | $-327.99 Million |
Industry Comparison
This section compares TH International Limited's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $227,934,900
- Average return on equity (ROE) among peers: 15.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TH International Limited (THCH) | $-1.03 Billion | -23.90% | N/A | $60.50 Million |
| Arcos Dorados Holdings Inc (ARCO) | $549.20 Million | 19.30% | 2.25x | $1.15 Billion |
| Ark Restaurants Corp (ARKR) | $24.83 Million | 13.37% | 0.76x | $24.27 Million |
| Flanigans Enterprises Inc (BDL) | $23.52 Million | 7.14% | 0.59x | $58.55 Million |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $2.74K |
| Biglari Holdings Inc (BH) | $19.70 Million | 36.55% | 3.08x | $604.53 Million |
| Biglari Holdings Inc (BH-A) | $401.21 Million | 5.38% | 0.93x | $326.35 Million |
| BJs Restaurants Inc (BJRI) | $129.90 Million | 6.43% | 0.26x | $714.98 Million |
| Bloomin Brands Inc (BLMN) | $49.47 Million | 202.63% | 51.01x | $485.45 Million |
| Black Rock Coffee Bar, Inc. Class A Common Stock (BRCB) | $104.71 Million | -15.70% | 2.21x | $211.14 Million |
| Dutch Bros Inc (BROS) | $897.87 Million | 8.89% | 2.35x | $7.24 Billion |
About TH International Limited
TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. It offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.