Vision Marine Technologies Inc (VMAR) - Net Assets
Based on the latest financial reports, Vision Marine Technologies Inc (VMAR) has net assets worth $4.25 Million USD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($59.66 Million) and total liabilities ($55.41 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 VMAR cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.25 Million |
| % of Total Assets | 7.13% |
| Annual Growth Rate | N/A |
| 5-Year Change | -74.79% |
| 10-Year Change | N/A |
| Growth Volatility | 1647.3 |
Vision Marine Technologies Inc - Net Assets Trend (2018–2025)
This chart illustrates how Vision Marine Technologies Inc's net assets have evolved over time, based on quarterly financial data. Also explore Vision Marine Technologies Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Vision Marine Technologies Inc (2018–2025)
The table below shows the annual net assets of Vision Marine Technologies Inc from 2018 to 2025. For live valuation and market cap data, see market value of Vision Marine Technologies Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $8.45 Million | +279.07% |
| 2024-08-31 | $2.23 Million | -74.10% |
| 2023-08-31 | $8.61 Million | -64.18% |
| 2022-08-31 | $24.03 Million | -28.33% |
| 2021-08-31 | $33.53 Million | +4133.43% |
| 2020-08-31 | $791.91K | +698.57% |
| 2019-08-31 | $-132.30K | +67.15% |
| 2018-08-31 | $-402.79K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vision Marine Technologies 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 7117816500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $67.14 Million | 794.52% |
| Other Comprehensive Income | $1.10 Million | 13.05% |
| Other Components | $11.79 Million | 139.46% |
| Total Equity | $8.45 Million | 100.00% |
Vision Marine Technologies Inc Competitors by Market Cap
The table below lists competitors of Vision Marine Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
REY Resources Ltd
AU:REY
|
$4.04 Million |
|
ModivCare Inc
NASDAQ:MODV
|
$4.04 Million |
|
Inspire Veterinary Partners, Inc. Class A Common Stock
NASDAQ:IVP
|
$4.05 Million |
|
Forbidden Foods Ltd
AU:FFF
|
$4.05 Million |
|
Pensana Rare Earths Plc
LSE:PRE
|
$4.04 Million |
|
Baosheng Media Group Holdings Ltd
NASDAQ:BAOS
|
$4.04 Million |
|
Eastfield Resources Ltd
V:ETF
|
$4.04 Million |
|
Henderson High Income Trust
LSE:HHI
|
$4.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vision Marine Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,229,392 to 8,451,000, a change of 6,221,608 (279.1%).
- Net loss of 29,742,043 reduced equity.
- New share issuances of 25,103,817 increased equity.
- Other comprehensive income increased equity by 384,736.
- Other factors increased equity by 10,475,098.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-29.74 Million | -351.94% |
| Share Issuances | $25.10 Million | +297.05% |
| Other Comprehensive Income | $384.74K | +4.55% |
| Other Changes | $10.48 Million | +123.95% |
| Total Change | $- | 279.07% |
Book Value vs Market Value Analysis
This analysis compares Vision Marine Technologies 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: 0.00x
- 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 |
|---|---|---|---|
| 2018-08-31 | $-0.03 | $1.25 | x |
| 2019-08-31 | $-0.01 | $1.25 | x |
| 2020-08-31 | $5387.54 | $1.25 | x |
| 2021-08-31 | $217470.08 | $1.25 | x |
| 2022-08-31 | $155989.33 | $1.25 | x |
| 2023-08-31 | $0.46 | $1.25 | x |
| 2024-08-31 | $0.09 | $1.25 | x |
| 2025-08-31 | $383.02 | $1.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vision Marine Technologies 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): -351.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -156.53%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 8.27x
- Recent ROE (-351.94%) is below the historical average (-200.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -14.62% | 0.65x | 0.00x | $-148.66K |
| 2019 | 0.00% | 8.12% | 1.50x | 0.00x | $247.05K |
| 2020 | -280.07% | -94.14% | 0.65x | 4.59x | $-2.30 Million |
| 2021 | -44.63% | -430.13% | 0.09x | 1.16x | $-18.31 Million |
| 2022 | -56.32% | -178.37% | 0.26x | 1.21x | $-15.94 Million |
| 2023 | -243.96% | -369.41% | 0.32x | 2.07x | $-21.86 Million |
| 2024 | -628.24% | -372.20% | 0.44x | 3.79x | $-14.23 Million |
| 2025 | -351.94% | -156.53% | 0.27x | 8.27x | $-30.59 Million |
Industry Comparison
This section compares Vision Marine Technologies Inc's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $471,294,066
- Average return on equity (ROE) among peers: 9.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vision Marine Technologies Inc (VMAR) | $4.25 Million | 0.00% | 13.02x | $4.04 Million |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $-69.66 Million | 0.00% | 0.00x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $12.33 Million | 14.10% | 0.55x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $443.20 Million | 5.16% | 0.17x | $60.71 Million |
| LCI Industries (LCII) | $23.70 Million | 7.59% | 1.52x | $2.83 Billion |
| Massimo Group Common Stock (MAMO) | $12.91 Million | 36.55% | 1.80x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $20.01 Million | 26.72% | 2.29x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About Vision Marine Technologies Inc
Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; and manufactures customized boats. The company provides its products through website and distributors. It serves original equipment manufa… Read more