Tenon Medical Inc (TNON) - Net Assets
Based on the latest financial reports, Tenon Medical Inc (TNON) has net assets worth $4.80 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.37 Million) and total liabilities ($5.57 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 Tenon Medical Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.80 Million |
| % of Total Assets | 46.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 377.52 |
Tenon Medical Inc - Net Assets Trend (2019–2024)
This chart illustrates how Tenon Medical Inc's net assets have evolved over time, based on quarterly financial data. Also explore Tenon Medical Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Tenon Medical Inc (2019–2024)
The table below shows the annual net assets of Tenon Medical Inc from 2019 to 2024. For live valuation and market cap data, see TNON stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.97 Million | +667.48% |
| 2023-12-31 | $778.00K | -87.56% |
| 2022-12-31 | $6.25 Million | +130.42% |
| 2021-12-31 | $-20.55 Million | -1330.28% |
| 2020-12-31 | $-1.44 Million | +10.97% |
| 2019-12-31 | $-1.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tenon Medical 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 6484500700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.00K | 0.05% |
| Other Components | $74.71 Million | 1251.28% |
| Total Equity | $5.97 Million | 100.00% |
Tenon Medical Inc Competitors by Market Cap
The table below lists competitors of Tenon Medical Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
XOX Technology Bhd
KLSE:0017
|
$6.73 Million |
|
Culpeo Minerals Ltd
AU:CPO
|
$6.74 Million |
|
Rochester Resources Ltd
V:RCT
|
$6.74 Million |
|
Pentanet Ltd
AU:5GG
|
$6.74 Million |
|
International Graphite Ltd
AU:IG6
|
$6.73 Million |
|
Jewett-Cameron Trading Company Ltd.
NASDAQ:JCTC
|
$6.72 Million |
|
Metal Hawk Ltd
AU:MHK
|
$6.72 Million |
|
Aruma Resources Ltd
AU:AAJ
|
$6.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tenon Medical Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 778,000 to 5,971,000, a change of 5,193,000 (667.5%).
- Net loss of 13,673,000 reduced equity.
- New share issuances of 9,761,000 increased equity.
- Other comprehensive income increased equity by 46,000.
- Other factors increased equity by 9,059,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.67 Million | -228.99% |
| Share Issuances | $9.76 Million | +163.47% |
| Other Comprehensive Income | $46.00K | +0.77% |
| Other Changes | $9.06 Million | +151.72% |
| Total Change | $- | 667.48% |
Book Value vs Market Value Analysis
This analysis compares Tenon Medical 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: 0.16x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-251.45 | $0.78 | x |
| 2020-12-31 | $-303.03 | $0.78 | x |
| 2021-12-31 | $-1820.69 | $0.78 | x |
| 2022-12-31 | $61.90 | $0.78 | x |
| 2023-12-31 | $3.43 | $0.78 | x |
| 2024-12-31 | $4.92 | $0.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tenon Medical 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): -228.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -417.24%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.65x
- Recent ROE (-228.99%) is above the historical average (-422.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -950.00% | 0.20x | 0.00x | $-248.71K |
| 2020 | 0.00% | -1335.41% | 0.11x | 0.00x | $-270.79K |
| 2021 | 0.00% | -4405.00% | 0.02x | 0.00x | $-4.99 Million |
| 2022 | -302.58% | -2737.63% | 0.06x | 1.77x | $-19.54 Million |
| 2023 | -2002.70% | -532.14% | 0.46x | 8.16x | $-15.66 Million |
| 2024 | -228.99% | -417.24% | 0.33x | 1.65x | $-14.27 Million |
Industry Comparison
This section compares Tenon Medical Inc's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $2,555,245,291
- Average return on equity (ROE) among peers: -57.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tenon Medical Inc (TNON) | $4.80 Million | 0.00% | 1.16x | $6.73 Million |
| Abbott Laboratories (ABT) | $24.08 Billion | 18.37% | 0.83x | $155.56 Billion |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $-95.88 Million | 0.00% | 0.00x | $21.60 Million |
| Aethlon Medical Inc (AEMD) | $9.29 Million | -84.45% | 0.15x | $2.79 Million |
| Acutus Medical Inc (AFIB) | $105.73 Million | -116.68% | 0.61x | $903.35K |
| Adapthealth Corp (AHCO) | $1.47 Billion | -46.29% | 2.07x | $1.39 Billion |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $3.39 Million | -59.65% | 0.38x | $15.99 Million |
| Allurion Technologies, Inc. (ALUR) | $-70.49 Million | 0.00% | 0.00x | $8.10 Million |
| Autonomix Medical, Inc. Common Stock (AMIX) | $644.00K | -309.01% | 0.34x | $4.22 Million |
| Artivion Inc (AORT) | $30.20 Million | 15.56% | 0.78x | $1.73 Billion |
| Apyx Medical Inc (APYX) | $22.89 Million | 2.69% | 0.23x | $125.55 Million |
About Tenon Medical Inc
Tenon Medical, Inc., a medical device company, engages in the development of implant for the treatment of severe lower back pain in the United States. The company offers Catamaran SI-Joint Fusion System, an invasive approach to the sacroiliac joint (SI Joint) using a titanium implant for treatment of the most common types of SI Joint disorders that cause lower back pain. It also provides Catamara… Read more