Sixth Wave Innovations Inc
Sixth Wave Innovations Inc., a development stage nanotechnology company, focuses on the extraction and detection of target substances at the molecular level using specialized molecularly imprinted polymers. The company is involved in the molecular engineering, materials extraction, detection, and purification activities. It is also in the process of commercializing its Affinity cannabinoid purifi… Read more
Sixth Wave Innovations Inc (SIXWF) - Net Assets
Latest net assets as of May 2023: $-5.71 Million USD
Based on the latest financial reports, Sixth Wave Innovations Inc (SIXWF) has net assets worth $-5.71 Million USD as of May 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.23 Million) and total liabilities ($6.94 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 | $-5.71 Million |
| % of Total Assets | -462.94% |
| Annual Growth Rate | N/A |
| 5-Year Change | -247.2% |
| 10-Year Change | -130.29% |
| Growth Volatility | 276.97 |
Sixth Wave Innovations Inc - Net Assets Trend (2007–2022)
This chart illustrates how Sixth Wave Innovations 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 Sixth Wave Innovations Inc (2007–2022)
The table below shows the annual net assets of Sixth Wave Innovations Inc from 2007 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-08-31 | $-2.72 Million | -206.33% |
| 2021-08-31 | $2.56 Million | -60.52% |
| 2020-08-31 | $6.47 Million | +220.55% |
| 2019-08-31 | $2.02 Million | +9.40% |
| 2018-08-31 | $1.85 Million | +452.90% |
| 2017-08-31 | $-523.16K | +17.08% |
| 2016-08-31 | $-630.92K | -27.54% |
| 2015-08-31 | $-494.68K | -106.22% |
| 2014-08-31 | $7.96 Million | -11.33% |
| 2013-08-31 | $8.97 Million | +5.62% |
| 2012-08-31 | $8.50 Million | +10.01% |
| 2011-08-31 | $7.72 Million | +677.87% |
| 2010-08-31 | $992.84K | +696.45% |
| 2009-08-31 | $124.66K | -32.40% |
| 2008-08-31 | $184.41K | +107.48% |
| 2007-08-31 | $88.88K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sixth Wave Innovations 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 6670533700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $57.06 Million | % |
| Other Comprehensive Income | $6.38 Million | % |
| Other Components | $554.11K | % |
| Total Equity | $-2.72 Million | 100.00% |
Sixth Wave Innovations Inc Competitors by Market Cap
The table below lists competitors of Sixth Wave Innovations Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cadence Minerals PLC
LSE:KDNC
|
$1.85K |
|
GOAT Industries Ltd.
F:26B
|
$1.85K |
|
TRANSCORP POWER PLC
XNSA:TRANSPOWER
|
$1.85K |
|
Fadel Partners Inc
LSE:FADL
|
$1.85K |
|
Seegnal Inc.
V:SEGN
|
$1.84K |
|
COAL OF AFRICA
MU:G1V
|
$1.84K |
|
REGAL PET
BE:RHN
|
$1.84K |
|
Kazera Global PLC
LSE:KZG
|
$1.84K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sixth Wave Innovations Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 2,556,007 to -2,717,696, a change of -5,273,703 (-206.3%).
- Net loss of 8,831,000 reduced equity.
- New share issuances of 960,137 increased equity.
- Other comprehensive income increased equity by 498,113.
- Other factors increased equity by 2,099,047.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.83 Million | -324.94% |
| Share Issuances | $960.14K | +35.33% |
| Other Comprehensive Income | $498.11K | +18.33% |
| Other Changes | $2.10 Million | +77.24% |
| Total Change | $- | -206.33% |
Book Value vs Market Value Analysis
This analysis compares Sixth Wave Innovations 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 |
|---|---|---|---|
| 2007-08-31 | $23.33 | $0.00 | x |
| 2008-08-31 | $80.32 | $0.00 | x |
| 2009-08-31 | $32.73 | $0.00 | x |
| 2010-08-31 | $92.13 | $0.00 | x |
| 2011-08-31 | $121.85 | $0.00 | x |
| 2012-08-31 | $88.11 | $0.00 | x |
| 2013-08-31 | $73.21 | $0.00 | x |
| 2014-08-31 | $60.96 | $0.00 | x |
| 2015-08-31 | $-3.78 | $0.00 | x |
| 2016-08-31 | $-4.83 | $0.00 | x |
| 2017-08-31 | $-2.17 | $0.00 | x |
| 2018-08-31 | $0.84 | $0.00 | x |
| 2019-08-31 | $0.43 | $0.00 | x |
| 2020-08-31 | $0.73 | $0.00 | x |
| 2021-08-31 | $0.44 | $0.00 | x |
| 2022-08-31 | $-0.47 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sixth Wave Innovations 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 (-97.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -12.51% | 0.00% | 0.00x | 1.27x | $-20.01K |
| 2008 | -30.35% | 0.00% | 0.00x | 1.07x | $-74.41K |
| 2009 | -86.02% | 0.00% | 0.00x | 1.05x | $-119.69K |
| 2010 | -35.45% | 0.00% | 0.00x | 1.01x | $-451.28K |
| 2011 | -12.90% | 0.00% | 0.00x | 1.05x | $-1.77 Million |
| 2012 | -11.40% | 0.00% | 0.00x | 1.07x | $-1.82 Million |
| 2013 | -3.88% | 0.00% | 0.00x | 1.05x | $-1.25 Million |
| 2014 | -12.78% | 0.00% | 0.00x | 1.01x | $-1.81 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.40 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-72.91K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-187.68K |
| 2018 | -44.46% | 0.00% | 0.00x | 1.11x | $-1.01 Million |
| 2019 | -355.06% | 0.00% | 0.00x | 2.56x | $-7.37 Million |
| 2020 | -323.92% | 0.00% | 0.00x | 1.96x | $-21.62 Million |
| 2021 | -635.21% | 0.00% | 0.00x | 2.00x | $-16.49 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-8.56 Million |
Industry Comparison
This section compares Sixth Wave Innovations Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,634,198,834
- Average return on equity (ROE) among peers: -11.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sixth Wave Innovations Inc (SIXWF) | $-5.71 Million | -12.51% | N/A | $1.84K |
| AirBoss of America Corp (ABSSF) | $37.88 Million | 4.86% | 1.22x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $27.99 Million | 26.12% | 0.23x | $0.96 |
| Aimia Inc (AIMFF) | $1.33 Billion | 12.47% | 2.95x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $25.04 Billion | 12.29% | 0.93x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $6.31 Billion | 13.19% | 1.57x | $9.73 Billion |
| Albemarle Corp (ALB) | $9.78 Billion | -5.22% | 0.67x | $19.47 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $33.22 Billion | -32.85% | 2.09x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $22.64 Million | -123.97% | 0.68x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $544.00 Million | 9.23% | 0.58x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $28.52 Million | -34.80% | 0.69x | $212.84 Million |