Abaxx Technologies Inc (ABXX) - Net Assets
Based on the latest financial reports, Abaxx Technologies Inc (ABXX) has net assets worth CA$21.38 Million CAD (≈ $15.46 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 (CA$62.61 Million ≈ $45.29 Million USD) and total liabilities (CA$41.24 Million ≈ $29.83 Million USD). 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 how resilient are Abaxx Technologies Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$21.38 Million |
| % of Total Assets | 34.14% |
| Annual Growth Rate | N/A |
| 5-Year Change | 204.63% |
| 10-Year Change | N/A |
| Growth Volatility | 136.23 |
Abaxx Technologies Inc - Net Assets Trend (2019–2024)
This chart illustrates how Abaxx Technologies Inc's net assets have evolved over time, based on quarterly financial data. Also explore Abaxx Technologies Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Abaxx Technologies Inc (2019–2024)
The table below shows the annual net assets of Abaxx Technologies Inc from 2019 to 2024. For live valuation and market cap data, see Abaxx Technologies Inc (ABXX) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$42.03 Million ≈ $30.40 Million |
-2.00% |
| 2023-12-31 | CA$42.88 Million ≈ $31.02 Million |
+297.00% |
| 2022-12-31 | CA$10.80 Million ≈ $7.81 Million |
-61.34% |
| 2021-12-31 | CA$27.94 Million ≈ $20.21 Million |
+102.52% |
| 2020-12-31 | CA$13.80 Million ≈ $9.98 Million |
+928.69% |
| 2019-12-31 | CA$-1.66 Million ≈ $-1.20 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Abaxx 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 10844508800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$170.95 Million | 340.09% |
| Total Equity | CA$50.27 Million | 100.00% |
Abaxx Technologies Inc Competitors by Market Cap
The table below lists competitors of Abaxx Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Msscorps Co Ltd
TW:6830
|
$1.39 Billion |
|
Techwing Inc
KQ:089030
|
$1.39 Billion |
|
Shenzhen Baoming Technology Co
SHE:002992
|
$1.39 Billion |
|
Beijing Jingyuntong Technology Co Ltd
SHG:601908
|
$1.39 Billion |
|
Financial Street Holdings Co Ltd
SHE:000402
|
$1.39 Billion |
|
Nanobiotix S.A
PA:NANO
|
$1.39 Billion |
|
Elite Advanced Laser Corp
TW:3450
|
$1.39 Billion |
|
HNA Technology Co Ltd A
SHG:600751
|
$1.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abaxx Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,697,489 to 50,266,655, a change of 1,569,166 (3.2%).
- Net loss of 54,075,308 reduced equity.
- New share issuances of 25,660,778 increased equity.
- Other factors increased equity by 29,983,696.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-54.08 Million | -107.58% |
| Share Issuances | CA$25.66 Million | +51.05% |
| Other Changes | CA$29.98 Million | +59.65% |
| Total Change | CA$- | 3.22% |
Book Value vs Market Value Analysis
This analysis compares Abaxx 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: 37.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3691.37x to 37.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.01 | CA$55.19 | x |
| 2020-12-31 | CA$0.24 | CA$55.19 | x |
| 2021-12-31 | CA$0.43 | CA$55.19 | x |
| 2022-12-31 | CA$0.60 | CA$55.19 | x |
| 2023-12-31 | CA$1.99 | CA$55.19 | x |
| 2024-12-31 | CA$1.48 | CA$55.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abaxx Technologies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -107.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5581.40%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.03x
- Recent ROE (-107.58%) is above the historical average (-204.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -885.27% | 0.00% | 0.00x | 5.82x | CA$-8.51 Million |
| 2020 | -60.46% | 0.00% | 0.00x | 1.10x | CA$-10.93 Million |
| 2021 | -38.94% | 0.00% | 0.00x | 0.96x | CA$-14.99 Million |
| 2022 | -115.36% | 0.00% | 0.00x | 0.95x | CA$-18.50 Million |
| 2023 | -19.78% | -4468.95% | 0.00x | 1.00x | CA$-14.50 Million |
| 2024 | -107.58% | -5581.40% | 0.02x | 1.03x | CA$-59.10 Million |
Industry Comparison
This section compares Abaxx Technologies Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $29,631,653
- Average return on equity (ROE) among peers: 19.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abaxx Technologies Inc (ABXX) | CA$21.38 Million | -885.27% | 1.93x | $1.39 Billion |
| Adcore Inc (ADCO) | $9.73 Million | -22.96% | 0.49x | $10.05 Million |
| AnalytixInsight Inc (ALY) | $-2.59 Million | 0.00% | 0.00x | $1.76 Million |
| Agereh Technologies Inc (AUTO) | $-5.56 Million | 0.00% | 0.00x | $4.14 Million |
| Acceleware Ltd (AXE) | $1.09 Million | -101.21% | 0.71x | $11.79 Million |
| BLUERUSH Media Group Corp (BTV) | $2.19 Million | -8.31% | 1.01x | $356.37K |
| Boardwalktech Software Corp (BWLK) | $-3.36 Million | 0.00% | 0.00x | $2.80 Million |
| Computer Modelling Group Ltd. (CMG) | $4.89 Million | 29.94% | 0.90x | $231.91 Million |
| Constellation Software Inc. (CSU) | $259.83 Million | 39.68% | 4.52x | $37.43 Billion |
| NamSys Inc (CTZ) | $460.17K | 237.20% | 1.24x | $24.35 Million |
About Abaxx Technologies Inc
Abaxx Technologies Inc., engages in developing software tools which enable commodity traders and finance professionals to communicate, trade, and transact in Canada. The company offers Abaxx Verifier, a secure password, identity, verification app that allows to store and use identity to log into applications and portals; ID++, an open protocol that allows developers to establish digital identity … Read more