CleanGo Innovations Inc
CleanGo Innovations Inc. manufactures and sells non-toxic and biodegradable cleaning, disinfecting, and industrial solutions in Canada and the United States. The company provides CG100, an industrial cleaning and maintenance solution for oil and gas industry; commercial cleaning products for airlines, hotels, and office buildings; and household use cleaning products under the CleanGo GreenGo name… Read more
CleanGo Innovations Inc (CLGOF) - Net Assets
Latest net assets as of September 2025: $-868.22K USD
Based on the latest financial reports, CleanGo Innovations Inc (CLGOF) has net assets worth $-868.22K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($321.94K) and total liabilities ($1.19 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 | $-868.22K |
| % of Total Assets | -269.69% |
| Annual Growth Rate | N/A |
| 5-Year Change | -454.12% |
| 10-Year Change | N/A |
| Growth Volatility | 79.33 |
CleanGo Innovations Inc - Net Assets Trend (2016–2024)
This chart illustrates how CleanGo Innovations Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CleanGo Innovations Inc (2016–2024)
The table below shows the annual net assets of CleanGo Innovations Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-1.20 Million | -239.19% |
| 2023-12-31 | $-352.95K | +70.54% |
| 2022-12-31 | $-1.20 Million | -229.03% |
| 2021-12-31 | $-364.10K | -207.69% |
| 2020-12-31 | $338.08K | +148.97% |
| 2019-12-31 | $-690.34K | -4075.55% |
| 2018-12-31 | $-16.53K | -105.56% |
| 2017-12-31 | $297.32K | -13.46% |
| 2016-12-31 | $343.58K | -- |
Equity Component Analysis
This analysis shows how different components contribute to CleanGo Innovations 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 1172174300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $10.89 Million | % |
| Total Equity | $-1.20 Million | 100.00% |
CleanGo Innovations Inc Competitors by Market Cap
The table below lists competitors of CleanGo Innovations Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIDELITY NATIONAL - Dusseldorf Stock Exchang
DU:ZGY
|
$437.32K |
|
Airborne Wireless Network
PINK:ABWN
|
$437.69K |
|
INTERTEK GROUP - Dusseldorf Stock Exchang
DU:IT1
|
$439.13K |
|
Golden House
TA:GOHO
|
$439.29K |
|
KURITA WATER IND - Dusseldorf Stock Exchang
DU:KWI
|
$436.97K |
|
MODERNA
STU:0QF
|
$436.96K |
|
Pershing Square Holdings Ltd
PINK:PSHZF
|
$436.53K |
|
Asia Media Group Bhd
KLSE:0159
|
$436.50K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CleanGo Innovations Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -352,954 to -1,197,200, a change of -844,246.
- Net loss of 970,016 reduced equity.
- New share issuances of 125,000 increased equity.
- Other comprehensive income decreased equity by 122,974.
- Other factors increased equity by 123,744.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-970.02K | -81.02% |
| Share Issuances | $125.00K | +10.44% |
| Other Comprehensive Income | $-122.97K | -10.27% |
| Other Changes | $123.74K | +10.34% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares CleanGo Innovations 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $1.30 | $0.12 | x |
| 2017-12-31 | $1.04 | $0.12 | x |
| 2018-12-31 | $0.27 | $0.12 | x |
| 2019-12-31 | $-2.10 | $0.12 | x |
| 2020-12-31 | $0.34 | $0.12 | x |
| 2021-12-31 | $-0.24 | $0.12 | x |
| 2022-12-31 | $-0.51 | $0.12 | x |
| 2023-12-31 | $-0.11 | $0.12 | x |
| 2024-12-31 | $-0.24 | $0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CleanGo Innovations 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -464.04%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1095.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -73.05% | 0.00% | 0.00x | 1.58x | $-285.36K |
| 2017 | -146.20% | -11262.51% | 0.01x | 2.01x | $-427.89K |
| 2018 | -9067.09% | -11479343.18% | 0.00x | 8.17x | $-5.06 Million |
| 2019 | 0.00% | -7319.22% | 0.17x | 0.00x | $-2.09 Million |
| 2020 | -573.27% | -1235.78% | 0.15x | 3.01x | $-2.39 Million |
| 2021 | 0.00% | -4733.46% | 0.13x | 0.00x | $-6.91 Million |
| 2022 | 0.00% | -1737.02% | 0.19x | 0.00x | $-1.86 Million |
| 2023 | 0.00% | -332.66% | 0.25x | 0.00x | $-703.37K |
| 2024 | 0.00% | -464.04% | 0.57x | 0.00x | $-850.30K |
Industry Comparison
This section compares CleanGo Innovations Inc's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,833,853,398
- Average return on equity (ROE) among peers: 27.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CleanGo Innovations Inc (CLGOF) | $-868.22K | -73.05% | N/A | $437.05K |
| Acme United Corporation (ACU) | $19.90 Million | 2.51% | 0.55x | $132.86 Million |
| Beiersdorf Aktiengesellschaft (BDRFF) | $3.02 Billion | 8.59% | 0.75x | $11.93 Billion |
| Science to Consumers Inc (BEUT) | $-3.05K | 0.00% | 0.00x | $1.09K |
| Société BIC SA (BICEY) | $1.70 Billion | 16.88% | 0.41x | $566.61 Million |
| Blue Moon Group Holdings Limited (BLUMY) | $12.35 Billion | 8.22% | 0.18x | $1.01 Billion |
| Bemax Inc (BMXC) | $-244.86K | 0.00% | 0.00x | $3.63K |
| Bruush Oral Care Inc. (BRSHF) | $-216.93K | 0.00% | 0.00x | $335.48 |
| Park Ha Biological Technology Co., Ltd. (BYAH) | $-578.18K | 0.00% | 0.00x | $11.97 Million |
| Church & Dwight Company Inc (CHD) | $284.43 Million | 16.52% | 2.34x | $22.97 Billion |
| Colgate-Palmolive Company (CL) | $971.00 Million | 223.07% | 14.49x | $67.85 Billion |