Theralase Technologies Inc.
Theralase Technologies Inc., a clinical stage pharmaceutical company, engages in the research, development, and commercialization of light activated photo dynamic compounds and their associated drug formulations to treat cancers, bacteria, and viruses in Canada, the United States, and internationally. The company operates through Drug Division and Device Division segments. It designs, develops, m… Read more
Theralase Technologies Inc. (TLTFF) - Net Assets
Latest net assets as of September 2025: $1.09 Million USD
Based on the latest financial reports, Theralase Technologies Inc. (TLTFF) has net assets worth $1.09 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 ($3.00 Million) and total liabilities ($1.91 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 | $1.09 Million |
| % of Total Assets | 36.37% |
| Annual Growth Rate | N/A |
| 5-Year Change | -77.44% |
| 10-Year Change | -67.27% |
| Growth Volatility | 376.32 |
Theralase Technologies Inc. - Net Assets Trend (2012–2024)
This chart illustrates how Theralase Technologies 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 Theralase Technologies Inc. (2012–2024)
The table below shows the annual net assets of Theralase Technologies Inc. from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.07 Million | +8.50% |
| 2023-12-31 | $1.91 Million | -38.39% |
| 2022-12-31 | $3.09 Million | -39.00% |
| 2021-12-31 | $5.07 Million | -44.67% |
| 2020-12-31 | $9.16 Million | -33.86% |
| 2019-12-31 | $13.86 Million | +1287.43% |
| 2018-12-31 | $998.64K | -51.18% |
| 2017-12-31 | $2.05 Million | -64.06% |
| 2016-12-31 | $5.69 Million | -9.90% |
| 2015-12-31 | $6.32 Million | +122.10% |
| 2014-12-31 | $2.84 Million | +71.27% |
| 2013-12-31 | $1.66 Million | +2634.76% |
| 2012-12-31 | $-65.51K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Theralase 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 6749611900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $69.56 Million | 3364.71% |
| Total Equity | $2.07 Million | 100.00% |
Theralase Technologies Inc. Competitors by Market Cap
The table below lists competitors of Theralase Technologies Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Perdana Karya Perkasa Tbk
JK:PKPK
|
$33.53 Million |
|
Dae Young Pkg
KO:014160
|
$33.54 Million |
|
Semen Baturaja Persero Tbk
JK:SMBR
|
$33.55 Million |
|
Pixelworks Inc
NASDAQ:PXLW
|
$33.55 Million |
|
Deutsche Rohstoff AG
XETRA:DR0
|
$33.50 Million |
|
NK Co. Ltd
KO:085310
|
$33.48 Million |
|
Test Rite International Co Ltd
TW:2908
|
$33.48 Million |
|
FIRMA OPON.DEBICA SA ZY 8
F:FD8
|
$33.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Theralase Technologies Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,905,442 to 2,067,448, a change of 162,006 (8.5%).
- Net loss of 4,256,114 reduced equity.
- New share issuances of 3,690,027 increased equity.
- Other factors increased equity by 728,093.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.26 Million | -205.86% |
| Share Issuances | $3.69 Million | +178.48% |
| Other Changes | $728.09K | +35.22% |
| Total Change | $- | 8.50% |
Book Value vs Market Value Analysis
This analysis compares Theralase 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: 16.78x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.14 | x |
| 2016-12-31 | $0.00 | $0.14 | x |
| 2017-12-31 | $0.02 | $0.14 | x |
| 2018-12-31 | $0.01 | $0.14 | x |
| 2019-12-31 | $0.07 | $0.14 | x |
| 2020-12-31 | $0.04 | $0.14 | x |
| 2021-12-31 | $0.02 | $0.14 | x |
| 2022-12-31 | $0.01 | $0.14 | x |
| 2023-12-31 | $0.01 | $0.14 | x |
| 2024-12-31 | $0.01 | $0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Theralase 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): -205.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -411.84%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.57x
- Recent ROE (-205.86%) is below the historical average (-135.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 1.61x | 0.00x | $0.00 |
| 2013 | -65.32% | -95.70% | 0.45x | 1.52x | $-1.25 Million |
| 2014 | -78.29% | -187.37% | 0.36x | 1.15x | $-2.51 Million |
| 2015 | -82.45% | -267.74% | 0.27x | 1.12x | $-5.84 Million |
| 2016 | -86.47% | -256.46% | 0.31x | 1.10x | $-5.49 Million |
| 2017 | -297.89% | -260.13% | 0.70x | 1.62x | $-6.30 Million |
| 2018 | -336.15% | -193.58% | 0.49x | 3.57x | $-3.46 Million |
| 2019 | -53.51% | -769.04% | 0.06x | 1.12x | $-8.80 Million |
| 2020 | -61.10% | -602.56% | 0.09x | 1.09x | $-6.51 Million |
| 2021 | -87.00% | -565.06% | 0.13x | 1.17x | $-4.92 Million |
| 2022 | -169.29% | -459.81% | 0.27x | 1.35x | $-5.54 Million |
| 2023 | -239.89% | -427.06% | 0.33x | 1.72x | $-4.76 Million |
| 2024 | -205.86% | -411.84% | 0.32x | 1.57x | $-4.46 Million |
Industry Comparison
This section compares Theralase Technologies Inc.'s net assets metrics with peer companies in the Medical Devices industry.
Industry Context
- Industry: Medical Devices
- Average net assets among peers: $694,749,556
- Average return on equity (ROE) among peers: -25.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Theralase Technologies Inc. (TLTFF) | $1.09 Million | 0.00% | 1.75x | $33.52 Million |
| Advanced Biomedical Technologies Inc (ABMT) | $-4.46 Million | 0.00% | 0.00x | $14.18K |
| Abbott Laboratories (ABT) | $4.82 Billion | 39.04% | 1.31x | $191.37 Billion |
| Acarix AB (publ) (ACIXF) | $1.93 Million | -127.02% | 0.21x | $26.42 Million |
| Adagio Medical Holdings, Inc Common Stock (ADGM) | $-72.62 Million | 0.00% | 0.00x | $4.05 Million |
| Adm Tronics Unltd (ADMT) | $-12.69K | 0.00% | 0.00x | $3.17 Million |
| Aethlon Medical Inc (AEMD) | $-3.07 Million | 0.00% | 0.00x | $2.79 Million |
| Acutus Medical Inc (AFIB) | $126.58 Million | -80.56% | 0.52x | $732.88K |
| Adapthealth Corp (AHCO) | $2.07 Billion | 7.56% | 1.54x | $914.25 Million |
| Allied Healthcare Products Inc. (AHPIQ) | $8.88 Million | -33.95% | 1.22x | $726.24 |
| 20/20 Biolabs, Inc. Common Stock (AIDX) | $3.39 Million | -59.65% | 0.38x | $9.18 Million |