Tenon Medical, Inc. Warrant
Tenon Medical, Inc., a medical device company, engages in the development of surgical implant systems to treat severe lower back pain in the United States and Puerto Rico. The company offers CATAMARAN SI-Joint Fusion System to fuse sacroiliac joints (SI-Joints) to treat SI-Joint dysfunction that often causes severe lower back pain; and features fixation device that passes through the axial and sa… Read more
Tenon Medical, Inc. Warrant (TNONW) - Net Assets
Latest net assets as of June 2024: $832.00K USD
Based on the latest financial reports, Tenon Medical, Inc. Warrant (TNONW) has net assets worth $832.00K USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.01 Million) and total liabilities ($5.17 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $832.00K |
| % of Total Assets | 13.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Tenon Medical, Inc. Warrant - Net Assets Trend (2020–2022)
This chart illustrates how Tenon Medical, Inc. Warrant's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tenon Medical, Inc. Warrant (2020–2022)
The table below shows the annual net assets of Tenon Medical, Inc. Warrant from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $6.25 Million | +130.42% |
| 2021-12-31 | $-20.55 Million | -658.76% |
| 2020-12-31 | $-2.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tenon Medical, Inc. Warrant'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 3500582900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $45.74 Million | 731.67% |
| Total Equity | $6.25 Million | 100.00% |
Tenon Medical, Inc. Warrant Competitors by Market Cap
The table below lists competitors of Tenon Medical, Inc. Warrant ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sack Lunch Productions Inc
PINK:SAKL
|
$99.81 |
|
Peoples Educational Holdings Inc
PINK:PEDH
|
$99.83 |
|
Bounce Mobile Systems Inc
PINK:BNCM
|
$99.84 |
|
Net One Systems Co. Ltd
PINK:NONEY
|
$100.00 |
|
SOLARGIGA ENERGY
MU:3FV
|
$99.54 |
|
Peak Processing Limited
AU:PKP
|
$99.52 |
|
PT Bank Maybank Indonesia Tbk
F:BOZA
|
$98.93 |
|
Aberforth Geared Value &
LSE:AGVI
|
$98.93 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tenon Medical, Inc. Warrant's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -20,552,000 to 6,252,000, a change of 26,804,000.
- Net loss of 18,917,000 reduced equity.
- New share issuances of 14,139,000 increased equity.
- Other factors increased equity by 31,582,000.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-18.92 Million | -302.58% |
| Share Issuances | $14.14 Million | +226.15% |
| Other Changes | $31.58 Million | +505.15% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Tenon Medical, Inc. Warrant'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: 0.00x
- 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 |
|---|---|---|---|
| 2020-12-31 | $-3.66 | $0.01 | x |
| 2021-12-31 | $-18.29 | $0.01 | x |
| 2022-12-31 | $5.56 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tenon Medical, Inc. Warrant 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): -302.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2737.63%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.77x
- Recent ROE (-302.58%) is below the historical average (-100.86%), 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 | 0.00% | -1335.41% | 0.11x | 0.00x | $-143.61K |
| 2021 | 0.00% | -4405.00% | 0.02x | 0.00x | $-4.99 Million |
| 2022 | -302.58% | -2737.63% | 0.06x | 1.77x | $-19.54 Million |
Industry Comparison
This section compares Tenon Medical, Inc. Warrant's net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $539,803,485
- Average return on equity (ROE) among peers: -52.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tenon Medical, Inc. Warrant (TNONW) | $832.00K | 0.00% | 6.22x | $99.76 |
| Advanced Biomedical Technologies Inc (ABMT) | $-7.40 Million | 0.00% | 0.00x | $14.18K |
| Abbott Laboratories (ABT) | $3.67 Billion | 38.07% | 1.09x | $190.05 Billion |
| Acarix AB (publ) (ACIXF) | $1.44 Million | -102.09% | 0.28x | $26.42 Million |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $-13.54K | 0.00% | 0.00x | $4.05 Million |
| Adm Tronics Unltd (ADMT) | $2.76 Million | -21.69% | 0.89x | $3.17 Million |
| Aethlon Medical Inc (AEMD) | $9.28 Million | -68.70% | 0.12x | $2.76 Million |
| Acutus Medical Inc (AFIB) | $126.58 Million | -80.56% | 0.52x | $732.88K |
| Adapthealth Corp (AHCO) | $1.58 Billion | 5.73% | 1.84x | $911.62 Million |
| Allied Healthcare Products Inc. (AHPIQ) | $11.89 Million | -17.74% | 0.30x | $726.24 |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $456.18K | -277.12% | 2.12x | $10.62 Million |