Maritime Launch Services Inc.
Maritime Launch Services Inc., through its subsidiary, engages in the construction and operation of commercial spaceport for launching satellites through small and medium sized launch vehicles into low earth orbit. The company is headquartered in Toronto, Canada.
Maritime Launch Services Inc. (MAXQF) - Net Assets
Latest net assets as of September 2025: $-6.44 Million USD
Based on the latest financial reports, Maritime Launch Services Inc. (MAXQF) has net assets worth $-6.44 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 ($13.98 Million) and total liabilities ($20.42 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 | $-6.44 Million |
| % of Total Assets | -46.08% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 139.85 |
Maritime Launch Services Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Maritime Launch Services 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 Maritime Launch Services Inc. (2019–2024)
The table below shows the annual net assets of Maritime Launch Services Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-3.31 Million | -331.21% |
| 2023-12-31 | $1.43 Million | -51.50% |
| 2022-12-31 | $2.95 Million | +250.68% |
| 2021-12-31 | $-1.96 Million | +9.36% |
| 2020-12-31 | $-2.16 Million | -10.98% |
| 2019-12-31 | $-1.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Maritime Launch Services 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 1952320500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $18.61 Million | % |
| Total Equity | $-3.31 Million | 100.00% |
Maritime Launch Services Inc. Competitors by Market Cap
The table below lists competitors of Maritime Launch Services Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arrow Minerals Ltd
AU:AMD
|
$8.29 Million |
|
Cyclo Therapeutics Inc
NASDAQ:CYTH
|
$8.30 Million |
|
Bliss Properti Indonesia Tbk PT
JK:POSA
|
$8.30 Million |
|
Four Leaf Acquisition Corporation Class A Common Stock
NASDAQ:FORL
|
$8.30 Million |
|
Manganese X Energy Corp
OTCQB:MNXXF
|
$8.29 Million |
|
VL E-Governance & IT Solutions Limited
NSE:VLEGOV
|
$8.28 Million |
|
GigaMedia Limited
F:GIFN
|
$8.28 Million |
|
KR Motors Co. Ltd.
KO:000040
|
$8.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maritime Launch Services Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,431,358 to -3,309,488, a change of -4,740,846 (-331.2%).
- Net loss of 6,216,547 reduced equity.
- Other factors increased equity by 1,475,701.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.22 Million | -187.84% |
| Other Changes | $1.48 Million | +44.59% |
| Total Change | $- | -331.21% |
Book Value vs Market Value Analysis
This analysis compares Maritime Launch Services 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 |
|---|---|---|---|
| 2019-12-31 | $0.00 | $0.02 | x |
| 2020-12-31 | $-0.01 | $0.02 | x |
| 2021-12-31 | $0.00 | $0.02 | x |
| 2022-12-31 | $0.01 | $0.02 | x |
| 2023-12-31 | $0.00 | $0.02 | x |
| 2024-12-31 | $-0.01 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maritime Launch Services 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: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-93.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-485.43K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-347.70K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.12 Million |
| 2022 | -252.44% | 0.00% | 0.00x | 3.94x | $-7.75 Million |
| 2023 | -307.45% | 0.00% | 0.00x | 10.07x | $-4.54 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.89 Million |
Industry Comparison
This section compares Maritime Launch Services Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maritime Launch Services Inc. (MAXQF) | $-6.44 Million | 0.00% | N/A | $8.29 Million |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |