Kane Biotech Inc
Kane Biotech Inc., a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface pol… Read more
Kane Biotech Inc (KNBIF) - Net Assets
Latest net assets as of September 2024: $-688.65K USD
Based on the latest financial reports, Kane Biotech Inc (KNBIF) has net assets worth $-688.65K USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.91 Million) and total liabilities ($4.59 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 | $-688.65K |
| % of Total Assets | -17.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1591.22 |
Kane Biotech Inc - Net Assets Trend (2014–2022)
This chart illustrates how Kane Biotech 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 Kane Biotech Inc (2014–2022)
The table below shows the annual net assets of Kane Biotech Inc from 2014 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-4.14 Million | -164.05% |
| 2021-12-31 | $-1.57 Million | -245.80% |
| 2020-12-31 | $1.07 Million | +28.43% |
| 2019-12-31 | $836.81K | +184.97% |
| 2018-12-31 | $-984.84K | -135.97% |
| 2017-12-31 | $2.74 Million | +103.20% |
| 2016-12-31 | $1.35 Million | +180.58% |
| 2015-12-31 | $480.25K | +4238.61% |
| 2014-12-31 | $11.07K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kane Biotech 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 3699149593.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.13 Million | % |
| Other Components | $7.44 Million | % |
| Total Equity | $-6.52 Million | 100.00% |
Kane Biotech Inc Competitors by Market Cap
The table below lists competitors of Kane Biotech Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gyrodyne Company of America Inc
NASDAQ:GYRO
|
$5.85 Million |
|
Pilot Energy Ltd
AU:PGY
|
$5.85 Million |
|
Nitiraj Engineers Limited
NSE:NITIRAJ
|
$5.85 Million |
|
Eonmetall Group Bhd
KLSE:7217
|
$5.85 Million |
|
Methanor
PA:ALMET
|
$5.84 Million |
|
Pacific Ridge Exploration Ltd
OTCQB:PEXZF
|
$5.84 Million |
|
Seko S.A.
WAR:SEK
|
$5.84 Million |
|
Kun Peng International Ltd.
OTCQB:KPEA
|
$5.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kane Biotech Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from -3,885,984 to -6,522,573, a change of -2,636,589.
- Net loss of 3,889,892 reduced equity.
- New share issuances of 973,704 increased equity.
- Other factors increased equity by 279,599.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.89 Million | -59.64% |
| Share Issuances | $973.70K | +14.93% |
| Other Changes | $279.60K | +4.29% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Kane Biotech 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 |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.07 | x |
| 2016-12-31 | $0.00 | $0.07 | x |
| 2017-12-31 | $0.03 | $0.07 | x |
| 2018-12-31 | $-0.01 | $0.07 | x |
| 2019-12-31 | $0.01 | $0.07 | x |
| 2020-12-31 | $-0.01 | $0.07 | x |
| 2021-12-31 | $-0.03 | $0.07 | x |
| 2022-12-31 | $-0.05 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kane Biotech 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: -145.78%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-98.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -121.89% | -3854.27% | 0.02x | 1.50x | $-14.60K |
| 2015 | -356.07% | -1634.42% | 0.09x | 2.44x | $-1.76 Million |
| 2016 | -189.15% | -1041.34% | 0.11x | 1.58x | $-2.68 Million |
| 2017 | -101.76% | -269.12% | 0.30x | 1.24x | $-3.06 Million |
| 2018 | 0.00% | -644.12% | 0.33x | 0.00x | $-3.16 Million |
| 2019 | -114.74% | -56.70% | 0.61x | 3.29x | $-1.04 Million |
| 2020 | 0.00% | -277.04% | 0.27x | 0.00x | $-3.57 Million |
| 2021 | 0.00% | -286.39% | 0.26x | 0.00x | $-4.22 Million |
| 2022 | 0.00% | -145.78% | 0.47x | 0.00x | $-3.24 Million |
Industry Comparison
This section compares Kane Biotech Inc's net assets metrics with peer companies in the Biotechnology industry.
Industry Context
- Industry: Biotechnology
- Average net assets among peers: $59,082,939
- Average return on equity (ROE) among peers: -341.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kane Biotech Inc (KNBIF) | $-688.65K | -121.89% | N/A | $5.85 Million |
| Aadi Bioscience Inc (AADI) | $-124.24K | 0.00% | 0.00x | $17.03 Million |
| America Great Health (AAGH) | $-992.37K | 0.00% | 0.00x | $2.12 Million |
| Ascentage Pharma Group International (AAPG) | $70.63 Million | -1310.51% | 34.40x | $2.25 Billion |
| Aardvark Therapeutics, Inc. Common Stock (AARD) | $-27.92 Million | 0.00% | 0.00x | $59.18 Million |
| ABIVAX Société Anonyme (AAVXF) | $196.01 Million | -75.37% | 0.67x | $377.86 Million |
| Abcellera Biologics Inc (ABCL) | $10.25 Million | -21.57% | 1.29x | $738.02 Million |
| Abeona Therapeutics Inc (ABEO) | $489.00K | -1919.02% | 38.85x | $202.79 Million |
| Acumen Pharmaceuticals Inc (ABOS) | $188.78 Million | -22.70% | 0.04x | $108.65 Million |
| Abpro Holdings, Inc. (ABP) | $-22.46 Million | 0.00% | 0.00x | $2.00 Million |
| Absci Corp (ABSI) | $176.18 Million | -62.76% | 0.23x | $345.85 Million |