TONT (TONT) - Net Assets
Based on the latest financial reports, TONT (TONT) has net assets worth $236.74 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($247.80 Million) and total liabilities ($11.06 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. Also explore TONT (TONT) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $236.74 Million |
| % of Total Assets | 95.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
TONT - Net Assets Trend (2022–2025)
This chart illustrates how TONT's net assets have evolved over time, based on quarterly financial data. See net asset quality index of TONT to measure how much of total assets are equity-financed.
Annual Net Assets for TONT (2022–2025)
The table below shows the annual net assets of TONT from 2022 to 2025. For live market cap and overall valuation, see TONT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $234.64 Million | +3.54% |
| 2024-12-31 | $226.62 Million | +145287.60% |
| 2023-12-31 | $-156.09K | -2.06% |
| 2022-12-31 | $-152.94K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TONT'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 1079066200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $245.61 Million | 104.67% |
| Total Equity | $234.64 Million | 100.00% |
TONT Competitors by Market Cap
The table below lists competitors of TONT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CI Games SA
WAR:CIG
|
$153.57 Million |
|
Black Spade Acquisition II Co
NASDAQ:BSII
|
$153.61 Million |
|
Ecomate Holdings Bhd
KLSE:0239
|
$153.71 Million |
|
Portman Ridge Finance Corp
NASDAQ:PTMN
|
$153.76 Million |
|
BriQ Properties Real Estate Investment Company
AT:BRIQ
|
$153.48 Million |
|
Bms Birlesik Metal Sanayi ve Ticaret AS
IS:BMSTL
|
$153.47 Million |
|
Bonterra Energy Corp
TO:BNE
|
$153.45 Million |
|
DIRECTA SIM SPA
F:ZP7
|
$153.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TONT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 226,621,877 to 234,641,327, a change of 8,019,450 (3.5%).
- Net income of 8,019,450 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $8.02 Million | +3.42% |
| Total Change | $- | 3.54% |
Book Value vs Market Value Analysis
This analysis compares TONT'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: 1.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | $-0.01 | $10.85 | x |
| 2023-12-31 | $-0.01 | $10.85 | x |
| 2024-12-31 | $7.88 | $10.85 | x |
| 2025-12-31 | $8.16 | $10.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TONT 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): 3.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (3.42%) is above the historical average (1.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-118.54K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $12.46K |
| 2024 | 2.31% | 0.00% | 0.00x | 1.04x | $-17.43 Million |
| 2025 | 3.42% | 0.00% | 0.00x | 1.05x | $-15.44 Million |
Industry Comparison
This section compares TONT's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $289,932,477
- Average return on equity (ROE) among peers: 12678.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TONT (TONT) | $236.74 Million | 0.00% | 0.05x | $153.49 Million |
| Artius II Acquisition Inc. (AACB) | $214.29 Million | 0.06% | 0.07x | $234.83 Million |
| Artius II Acquisition Inc. Units (AACBU) | $214.29 Million | 0.06% | 0.07x | $269.37 Million |
| Armada Acquisition Corp. II Class A Ordinary Shares (AACI) | $150.91 Million | -0.31% | 0.00x | $255.48 Million |
| Abony Acquisition Corp. I Class A Ordinary Share (AACO) | $-74.71 | 0.00% | 0.00x | $236.48 Million |
| Apogee Acquisition Corp Class A Ordinary Shares (AACP) | $-13.88 | 0.00% | 0.00x | $178.26 Million |
| Ares Acquisition Corporation II (AACT) | $12.50K | 126761.58% | 32.39x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $431.49K |
| Altenergy Acquisition Corp (AEAE) | $227.84 Million | 5.64% | 0.04x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $238.46 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $402.92 Million |
About TONT
Graf Global Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in The Woodlands, Texas.