Cover Technologies Inc
PlasCred Circular Innovations Inc. focuses on the recycling plastic waste materials in Canada. It operates PlasCred Process that transforms unsorted waste plastic into clean renewable green condensate; PlasCred Primus that transforms plastic waste into a liquid state; and PlasCred Neos that offers solutions for plastic waste processing. The company is based in Calgary, Canada.
Cover Technologies Inc (MGPRF) - Net Assets
Latest net assets as of September 2025: $-828.13K USD
Based on the latest financial reports, Cover Technologies Inc (MGPRF) has net assets worth $-828.13K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($945.87K) and total liabilities ($1.77 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 | $-828.13K |
| % of Total Assets | -87.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | -184.21% |
| 10-Year Change | -463.78% |
| Growth Volatility | 72.99 |
Cover Technologies Inc - Net Assets Trend (2014–2025)
This chart illustrates how Cover 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 Cover Technologies Inc (2014–2025)
The table below shows the annual net assets of Cover Technologies Inc from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-828.13K | -51.19% |
| 2024-12-31 | $-547.75K | -169.62% |
| 2023-12-31 | $786.81K | +227.00% |
| 2022-12-31 | $-619.54K | -163.00% |
| 2021-12-31 | $983.43K | +157.71% |
| 2020-12-31 | $-1.70 Million | -38.46% |
| 2019-12-31 | $-1.23 Million | +5.81% |
| 2018-12-31 | $-1.31 Million | -355.96% |
| 2017-12-31 | $-286.56K | -225.88% |
| 2016-12-31 | $227.64K | -13.52% |
| 2015-12-31 | $263.22K | -94.33% |
| 2014-12-31 | $4.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cover 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 1062389100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.19 Million | % |
| Other Comprehensive Income | $346.19K | % |
| Other Components | $4.88 Million | % |
| Total Equity | $-828.40K | 100.00% |
Cover Technologies Inc Competitors by Market Cap
The table below lists competitors of Cover Technologies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bluechiip Ltd
AU:BCT
|
$1.98 Million |
|
Xin Hwa Holdings Bhd
KLSE:5267
|
$1.98 Million |
|
Castle Minerals Ltd
AU:CDT
|
$1.98 Million |
|
Visionstate Corp
PINK:VSSSF
|
$1.98 Million |
|
I2 Enterprise Public Company Limited
BK:I2
|
$1.98 Million |
|
Argent BioPharma Limited
PINK:RGTLF
|
$1.98 Million |
|
CDRL SA
WAR:CDL
|
$1.98 Million |
|
AMD Industries Limited
NSE:AMDIND
|
$1.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cover Technologies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -547,754 to -828,397, a change of -280,643.
- Net loss of 2,634,819 reduced equity.
- Other comprehensive income increased equity by 346,189.
- Other factors increased equity by 2,007,987.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.63 Million | -318.06% |
| Other Comprehensive Income | $346.19K | +41.79% |
| Other Changes | $2.01 Million | +242.39% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Cover 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $-1.43 | $0.03 | x |
| 2018-12-31 | $-5.92 | $0.03 | x |
| 2019-12-31 | $-7.33 | $0.03 | x |
| 2020-12-31 | $-8.67 | $0.03 | x |
| 2021-12-31 | $6.42 | $0.03 | x |
| 2022-12-31 | $-1.12 | $0.03 | x |
| 2023-12-31 | $0.02 | $0.03 | x |
| 2024-12-31 | $-0.01 | $0.03 | x |
| 2025-12-31 | $-0.01 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cover 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): 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 (-375.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -23.46% | 0.00% | 0.00x | 4.55x | $-914.54K |
| 2015 | 116.55% | 0.00% | 0.00x | 1.67x | $280.47K |
| 2016 | -2435.49% | 0.00% | 0.00x | 2.21x | $-5.57 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.94 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.95 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.16 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-302.97K |
| 2021 | -876.82% | 0.00% | 0.00x | 2.16x | $-8.72 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.30 Million |
| 2023 | -1288.28% | 0.00% | 0.00x | 2.68x | $-10.22 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.08 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.55 Million |
Industry Comparison
This section compares Cover Technologies Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $61,795,124
- Average return on equity (ROE) among peers: -17.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cover Technologies Inc (MGPRF) | $-828.13K | -23.46% | N/A | $1.98 Million |
| American Battery Technology Company Common Stock (ABAT) | $70.60 Million | -66.24% | 0.20x | $410.46 Million |
| Agilyx AS (AGXXF) | $35.34 Million | 10.45% | 1.10x | $152.59 Million |
| Ambipar Emergency Response (AMBI) | $8.37 Million | 0.00% | 1.76x | $5.74 Million |
| Anaergia Inc (ANRGF) | $125.77 Million | -18.04% | 2.60x | $20.51 Million |
| Aqua Metals Inc (AQMS) | $31.14 Million | -82.73% | 0.13x | $12.23 Million |
| Avalon Holdings Corporation (AWX) | $39.44 Million | 3.70% | 0.21x | $5.00 Million |
| BacTech Environmental Corporation (BCCEF) | $-1.02 Million | 0.00% | 0.00x | $7.36 Million |
| Befesa S.A (BFSAF) | $259.26 Million | -13.65% | 3.41x | $1.39 Billion |
| BluMetric Environmental Inc. (BLMWF) | $12.19 Million | 4.16% | 0.64x | $27.18 Million |
| BQE Water Inc (BTQNF) | $36.85 Million | -14.23% | 0.05x | $25.45 Million |