Principal Solar Inc
Principal Solar, Inc. does not have significant operations. It focuses on renewable energy and natural gas sectors. The company is headquartered in Dallas Texas.
Principal Solar Inc (PSWW) - Net Assets
Latest net assets as of December 2024: $1.97 Million USD
Based on the latest financial reports, Principal Solar Inc (PSWW) has net assets worth $1.97 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.54 Million) and total liabilities ($3.57 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 | $1.97 Million |
| % of Total Assets | 35.53% |
| Annual Growth Rate | -3.22% |
| 5-Year Change | N/A |
| 10-Year Change | 38.25% |
| Growth Volatility | 128.91 |
Principal Solar Inc - Net Assets Trend (1995–2024)
This chart illustrates how Principal Solar 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 Principal Solar Inc (1995–2024)
The table below shows the annual net assets of Principal Solar Inc from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.97 Million | +15.91% |
| 2023-12-31 | $1.70 Million | -27.77% |
| 2022-12-31 | $2.35 Million | +65.16% |
| 2021-12-31 | $1.42 Million | +254.77% |
| 2020-12-31 | $-919.54K | -85.50% |
| 2019-12-31 | $-495.71K | +27.06% |
| 2018-12-31 | $-679.60K | -43.30% |
| 2017-12-31 | $-474.27K | -121.63% |
| 2016-12-31 | $2.19 Million | +54.02% |
| 2015-12-31 | $1.42 Million | +372.69% |
| 2014-12-31 | $301.16K | +276.30% |
| 2013-12-31 | $-170.83K | +74.22% |
| 2012-12-31 | $-662.57K | -140.49% |
| 2004-12-31 | $1.64 Million | +228.12% |
| 2003-12-31 | $498.74K | +177.54% |
| 2002-12-31 | $-643.21K | -131.40% |
| 2001-12-31 | $2.05 Million | -10.88% |
| 2000-12-31 | $2.30 Million | +5.04% |
| 1999-12-31 | $2.19 Million | +1.35% |
| 1998-12-31 | $2.16 Million | -30.31% |
| 1997-12-31 | $3.10 Million | -26.74% |
| 1996-12-31 | $4.23 Million | -16.80% |
| 1995-12-31 | $5.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Principal Solar 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 2628.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.60 Million | 640.31% |
| Other Components | $35.46 Million | 1801.72% |
| Total Equity | $1.97 Million | 100.00% |
Principal Solar Inc Competitors by Market Cap
The table below lists competitors of Principal Solar Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gold River Prods Inc
PINK:GRPS
|
$1.99 |
|
H-D International Holdings Group
PINK:HDIH
|
$1.99 |
|
Gulf West Security Network Inc
PINK:GWSN
|
$2.00 |
|
MSB Global Capital Corp
PINK:MSBM
|
$2.00 |
|
Chester Mining Company
PINK:CHMN
|
$1.98 |
|
Zhaoheng Hydropower Ltd
PINK:ZHYLF
|
$1.98 |
|
1st Prestige Wealth Management Inc
PINK:FPWM
|
$1.98 |
|
Here Media Inc
PINK:HRDIL
|
$1.98 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Principal Solar Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,697,832 to 1,968,032, a change of 270,200 (15.9%).
- Net loss of 395,000 reduced equity.
- Other comprehensive income increased equity by 9,151,375.
- Other factors decreased equity by 8,486,175.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-395.00K | -20.07% |
| Other Comprehensive Income | $9.15 Million | +465.0% |
| Other Changes | $-8.49 Million | -431.2% |
| Total Change | $- | 15.91% |
Book Value vs Market Value Analysis
This analysis compares Principal Solar 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: 0.14x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $852.84 | $0.00 | x |
| 1996-12-31 | $854.49 | $0.00 | x |
| 1997-12-31 | $0.81 | $0.00 | x |
| 1998-12-31 | $0.56 | $0.00 | x |
| 1999-12-31 | $0.57 | $0.00 | x |
| 2000-12-31 | $0.60 | $0.00 | x |
| 2001-12-31 | $0.53 | $0.00 | x |
| 2002-12-31 | $-0.17 | $0.00 | x |
| 2003-12-31 | $0.13 | $0.00 | x |
| 2004-12-31 | $0.43 | $0.00 | x |
| 2012-12-31 | $-0.18 | $0.00 | x |
| 2013-12-31 | $-0.22 | $0.00 | x |
| 2014-12-31 | $-0.11 | $0.00 | x |
| 2015-12-31 | $0.26 | $0.00 | x |
| 2016-12-31 | $0.39 | $0.00 | x |
| 2017-12-31 | $-0.09 | $0.00 | x |
| 2018-12-31 | $-0.08 | $0.00 | x |
| 2019-12-31 | $-0.04 | $0.00 | x |
| 2020-12-31 | $-0.02 | $0.00 | x |
| 2021-12-31 | $0.01 | $0.00 | x |
| 2022-12-31 | $0.01 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
| 2024-12-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Principal Solar 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): -20.07%
- 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: 2.81x
- Recent ROE (-20.07%) is above the historical average (-33.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | -4.15% | -2.18% | 0.71x | 2.67x | $-719.29K |
| 1996 | 1.27% | 0.60% | 0.63x | 3.39x | $-369.06K |
| 1997 | -36.09% | -15.72% | 0.78x | 2.96x | $-1.43 Million |
| 1998 | -43.49% | -16.61% | 0.83x | 3.17x | $-1.15 Million |
| 1999 | -2.71% | -1.53% | 0.56x | 3.16x | $-278.04K |
| 2000 | -19.49% | -3.72% | 0.83x | 6.34x | $-677.86K |
| 2001 | -11.32% | -1.70% | 0.83x | 8.08x | $-436.86K |
| 2002 | 0.00% | -24.39% | 1.00x | 0.00x | $-3.40 Million |
| 2003 | 244.42% | 10.67% | 1.01x | 22.61x | $1.17 Million |
| 2004 | 77.85% | 11.88% | 0.96x | 6.86x | $1.11 Million |
| 2012 | 0.00% | -7861.41% | 0.05x | 0.00x | $-2.73 Million |
| 2013 | 0.00% | -483.04% | 0.07x | 0.00x | $-2.27 Million |
| 2014 | 0.00% | -346.71% | 0.12x | 0.00x | $-3.33 Million |
| 2015 | -35.54% | -104.71% | 0.04x | 8.24x | $-648.36K |
| 2016 | 33.55% | 2859.67% | 0.00x | 3.07x | $516.40K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.64 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-137.37K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-676.43K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-15.60 Million |
| 2021 | -723.39% | -205900.00% | 0.00x | 3.29x | $-10.44 Million |
| 2022 | -152.10% | 0.00% | 0.00x | 2.32x | $-3.81 Million |
| 2023 | -76.10% | 0.00% | 0.00x | 3.21x | $-1.46 Million |
| 2024 | -20.07% | 0.00% | 0.00x | 2.81x | $-591.80K |
Industry Comparison
This section compares Principal Solar Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Principal Solar Inc (PSWW) | $1.97 Million | -4.15% | 1.81x | $1.99 |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |