Solvbl Solutions Inc
Solvbl Solutions Inc. operates as a cybersecurity and data authentication company in Canada. The company offers Q by SoLVBL, a proprietary technology platform; QSeals by SoLVBL, a scalable data verification solution for a digital world; Q-Server by SoLVBL, a secure, scalable, high speed, low latency cloud based server used to generate QSeals; and digital evidence management systems. Solvbl Soluti… Read more
Solvbl Solutions Inc (SOLBF) - Net Assets
Latest net assets as of June 2023: $-3.13 Million USD
Based on the latest financial reports, Solvbl Solutions Inc (SOLBF) has net assets worth $-3.13 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($168.67K) and total liabilities ($3.30 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 | $-3.13 Million |
| % of Total Assets | -1854.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 22.85 |
Solvbl Solutions Inc - Net Assets Trend (2018–2022)
This chart illustrates how Solvbl Solutions 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 Solvbl Solutions Inc (2018–2022)
The table below shows the annual net assets of Solvbl Solutions Inc from 2018 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-1.42 Million | -172.98% |
| 2021-12-31 | $1.94 Million | +1113.02% |
| 2020-12-31 | $-191.44K | +55.20% |
| 2019-12-31 | $-427.29K | -218.69% |
| 2018-12-31 | $360.01K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solvbl Solutions 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 994921400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $5.18 Million | % |
| Other Comprehensive Income | $4.35 Million | % |
| Other Components | $312.71K | % |
| Total Equity | $-1.42 Million | 100.00% |
Solvbl Solutions Inc Competitors by Market Cap
The table below lists competitors of Solvbl Solutions Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alma Gold Inc
PINK:ALGLF
|
$1.49 Million |
|
Haloni Jane
JK:HALO
|
$1.50 Million |
|
RZLC11
SA:RZLC11
|
$1.50 Million |
|
CASA DE BUCOVINA-CLUB DE MUNTE
RO:BCM
|
$1.50 Million |
|
Indigo Exploration Inc.
PINK:IXIXF
|
$1.49 Million |
|
CTT Pharmaceutical Holdings Inc
PINK:CTTH
|
$1.49 Million |
|
INSMED
BE:IM8N
|
$1.49 Million |
|
ATI Physical Therapy Inc
NYSE:ATIP
|
$1.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solvbl Solutions Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,939,346 to -1,415,364, a change of -3,354,710 (-173.0%).
- Net loss of 5,662,724 reduced equity.
- Other comprehensive income increased equity by 2,308,014.
- Other factors decreased equity by 0.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.66 Million | -400.09% |
| Other Comprehensive Income | $2.31 Million | +163.07% |
| Total Change | $- | -172.98% |
Book Value vs Market Value Analysis
This analysis compares Solvbl Solutions 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 |
|---|---|---|---|
| 2018-12-31 | $0.01 | $0.01 | x |
| 2019-12-31 | $-0.01 | $0.01 | x |
| 2020-12-31 | $0.00 | $0.01 | x |
| 2021-12-31 | $0.01 | $0.01 | x |
| 2022-12-31 | $-0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solvbl Solutions 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 (-112.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -437.48% | 0.00% | 0.00x | 1.40x | $-1.61 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.23 Million |
| 2020 | 0.00% | -6126.14% | 0.02x | 0.00x | $-593.47K |
| 2021 | -123.52% | 0.00% | 0.00x | 1.16x | $-2.59 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.52 Million |
Industry Comparison
This section compares Solvbl Solutions Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solvbl Solutions Inc (SOLBF) | $-3.13 Million | -437.48% | N/A | $1.49 Million |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |