TON Strategy Co (TONX) - Net Assets
Based on the latest financial reports, TON Strategy Co (TONX) has net assets worth $639.46 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 ($661.88 Million) and total liabilities ($22.42 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 TONX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $639.46 Million |
| % of Total Assets | 96.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | 49.1% |
| 10-Year Change | N/A |
| Growth Volatility | 191.85 |
TON Strategy Co - Net Assets Trend (2013–2024)
This chart illustrates how TON Strategy Co's net assets have evolved over time, based on quarterly financial data. Also explore TON Strategy Co (TONX) total assets for the complete picture of this company's asset base.
Annual Net Assets for TON Strategy Co (2013–2024)
The table below shows the annual net assets of TON Strategy Co from 2013 to 2024. For live valuation and market cap data, see how much is TON Strategy Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $16.02 Million | +412.67% |
| 2023-12-31 | $3.12 Million | -39.51% |
| 2022-12-31 | $5.17 Million | -61.22% |
| 2021-12-31 | $13.32 Million | +23.98% |
| 2020-12-31 | $10.74 Million | -6.12% |
| 2019-12-31 | $11.45 Million | +326.41% |
| 2018-12-31 | $-5.05 Million | +12.68% |
| 2017-12-31 | $-5.79 Million | -66.92% |
| 2016-12-31 | $-3.47 Million | -48.06% |
| 2015-12-31 | $-2.34 Million | -216.27% |
| 2014-12-31 | $2.01 Million | +2199.10% |
| 2013-12-31 | $-95.97K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TON Strategy Co'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 18709305000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00K | 0.01% |
| Other Components | $203.29 Million | 1254.75% |
| Total Equity | $16.20 Million | 100.00% |
TON Strategy Co Competitors by Market Cap
The table below lists competitors of TON Strategy Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EDAP TMS SA
NASDAQ:EDAP
|
$126.31 Million |
|
BHMINESLTD FPO [BHM]
AU:BHM
|
$126.42 Million |
|
Showbox Corp
KQ:086980
|
$126.44 Million |
|
Info-Tek
TWO:8183
|
$126.49 Million |
|
China National Accord Medicines Corp Ltd
SHE:200028
|
$126.15 Million |
|
Bank Negara Indonesia Tbk
JK:BBNI
|
$126.14 Million |
|
Equillium Inc
NASDAQ:EQ
|
$126.05 Million |
|
Jiayin Group Inc
NASDAQ:JFIN
|
$126.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TON Strategy Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,125,000 to 16,202,000, a change of 13,077,000 (418.5%).
- Net loss of 10,329,000 reduced equity.
- New share issuances of 18,596,000 increased equity.
- Other factors increased equity by 4,810,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.33 Million | -63.75% |
| Share Issuances | $18.60 Million | +114.78% |
| Other Changes | $4.81 Million | +29.69% |
| Total Change | $- | 418.46% |
Book Value vs Market Value Analysis
This analysis compares TON Strategy Co'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: 0.08x
- 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 |
|---|---|---|---|
| 2012-12-31 | $-0.11 | $2.12 | x |
| 2013-12-31 | $-1.60 | $2.12 | x |
| 2014-12-31 | $29.42 | $2.12 | x |
| 2015-12-31 | $-22.41 | $2.12 | x |
| 2016-12-31 | $-26.14 | $2.12 | x |
| 2017-12-31 | $-5835.72 | $2.12 | x |
| 2018-12-31 | $-4099.76 | $2.12 | x |
| 2019-12-31 | $4536.27 | $2.12 | x |
| 2020-12-31 | $2387.25 | $2.12 | x |
| 2021-12-31 | $1683.13 | $2.12 | x |
| 2022-12-31 | $425.71 | $2.12 | x |
| 2023-12-31 | $91.93 | $2.12 | x |
| 2024-12-31 | $27.35 | $2.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TON Strategy Co 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): -63.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1154.08%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.27x
- Recent ROE (-63.75%) is above the historical average (-183.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.40 Million |
| 2013 | 0.00% | -65770.13% | 0.04x | 0.00x | $-4.57 Million |
| 2014 | -257.09% | 0.00% | 0.00x | 1.20x | $-5.38 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.72 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.93 Million |
| 2017 | 0.00% | -121100.00% | 0.07x | 0.00x | $-6.69 Million |
| 2018 | 0.00% | -37896.88% | 0.04x | 0.00x | $-11.62 Million |
| 2019 | -139.08% | -174.92% | 0.32x | 2.48x | $-17.06 Million |
| 2020 | -232.26% | -250.44% | 0.31x | 3.03x | $-26.03 Million |
| 2021 | -258.87% | -327.69% | 0.31x | 2.58x | $-35.82 Million |
| 2022 | -724.68% | -467962.50% | 0.00x | 4.74x | $-37.95 Million |
| 2023 | -703.81% | -34911.11% | 0.01x | 3.47x | $-22.31 Million |
| 2024 | -63.75% | -1154.08% | 0.04x | 1.27x | $-11.95 Million |
Industry Comparison
This section compares TON Strategy Co's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,232,448,014
- Average return on equity (ROE) among peers: 1.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TON Strategy Co (TONX) | $639.46 Million | 0.00% | 0.04x | $126.26 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $93.73 Billion |
| ADEIA CORP (ADEA) | $545.10 Million | -11.47% | 0.92x | $3.00 Billion |
| Automatic Data Processing Inc (ADP) | $949.50 Million | 19.76% | 0.77x | $76.36 Billion |
| Autodesk Inc (ADSK) | $267.30 Million | 21.62% | 0.23x | $48.93 Billion |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $71.03 Million |
| Agilysys Inc (AGYS) | $52.90 Million | 15.69% | 1.77x | $1.91 Billion |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $24.73 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-8.47 Million | 0.00% | 0.00x | $10.77 Million |
| Alight Inc (ALIT) | $805.00 Million | 2.73% | 7.18x | $408.81 Million |
| Alkami Technology Inc (ALKT) | $344.61 Million | -13.59% | 0.27x | $1.72 Billion |
About TON Strategy Co
TON Strategy Company, through its subsidiaries, operates as an interactive video-based social commerce company. The company operates in two segments: MARKET.live and Go Fund Yourself. It offers MARKET.live, a livestream social shopping platform that allows brands, retailers, and creators to broadcast shopping events on various social media channels. The company also offers GO FUND YOURSELF, an in… Read more