Trident Brands Inc
Trident Brands Incorporated, together with its subsidiaries, focuses on developing branded consumer products and ingredients in the nutritional supplement, life sciences, and food and beverage categories in the United States and Canada. The company develops, markets, and sells a portfolio of DHA supplements under the Brain Armor brand. It also holds various banking facilities; and licenses associ… Read more
Trident Brands Inc (TDNT) - Net Assets
Latest net assets as of May 2022: $-32.59 Million USD
Based on the latest financial reports, Trident Brands Inc (TDNT) has net assets worth $-32.59 Million USD as of May 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($749.36K) and total liabilities ($33.34 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 | $-32.59 Million |
| % of Total Assets | -4348.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 41.89 |
Trident Brands Inc - Net Assets Trend (2008–2021)
This chart illustrates how Trident Brands 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 Trident Brands Inc (2008–2021)
The table below shows the annual net assets of Trident Brands Inc from 2008 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-11-30 | $-31.17 Million | -9.68% |
| 2020-11-30 | $-28.42 Million | -15.82% |
| 2019-11-30 | $-24.54 Million | -93.21% |
| 2018-11-30 | $-12.70 Million | -112.58% |
| 2017-11-30 | $-5.97 Million | -288.18% |
| 2016-11-30 | $-1.54 Million | +41.02% |
| 2015-11-30 | $-2.61 Million | -357.81% |
| 2014-11-30 | $-569.94K | -838.35% |
| 2013-11-30 | $-60.74K | -1046.65% |
| 2012-11-30 | $-5.30K | +31.48% |
| 2011-11-30 | $-7.73K | -132.43% |
| 2009-11-30 | $23.84K | -48.65% |
| 2008-11-30 | $46.42K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trident Brands 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 4220435900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $33.31K | % |
| Other Components | $11.49 Million | % |
| Total Equity | $-30.68 Million | 100.00% |
Trident Brands Inc Competitors by Market Cap
The table below lists competitors of Trident Brands Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Artistic Denim Mills Ltd
KAR:ADMM
|
$1.72K |
|
HBS
VN:HBS
|
$1.72K |
|
Agritech Ltd
KAR:AGL
|
$1.72K |
|
XCana Petroleum Corporation
PINK:XCPT
|
$1.72K |
|
Xfuels Inc
PINK:XFLS
|
$1.72K |
|
Comaliment Resita SA
RO:OMAL
|
$1.72K |
|
O Bank No. 1 REIT
TW:01009T
|
$1.72K |
|
450 PLC
LSE:450
|
$1.71K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trident Brands Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -28,031,336 to -30,679,107, a change of -2,647,771.
- Net loss of 2,682,771 reduced equity.
- Other factors increased equity by 35,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.68 Million | -8.74% |
| Other Changes | $35.00K | +0.11% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Trident Brands 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 |
|---|---|---|---|
| 2007-11-30 | $0.00 | $0.00 | x |
| 2008-11-30 | $0.00 | $0.00 | x |
| 2009-11-30 | $0.00 | $0.00 | x |
| 2010-11-30 | $0.00 | $0.00 | x |
| 2011-11-30 | $0.00 | $0.00 | x |
| 2012-11-30 | $0.00 | $0.00 | x |
| 2013-11-30 | $0.00 | $0.00 | x |
| 2014-11-30 | $-0.02 | $0.00 | x |
| 2015-11-30 | $-0.09 | $0.00 | x |
| 2016-11-30 | $-0.05 | $0.00 | x |
| 2017-11-30 | $-0.19 | $0.00 | x |
| 2018-11-30 | $-0.39 | $0.00 | x |
| 2019-11-30 | $-0.75 | $0.00 | x |
| 2020-11-30 | $-0.87 | $0.00 | x |
| 2021-11-30 | $-0.95 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trident Brands 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: -1193.83%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-21.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -4.82% | 0.00% | 0.00x | 1.00x | $-2.12K |
| 2008 | -60.06% | 0.00% | 0.00x | 1.09x | $-32.53K |
| 2009 | -94.76% | 0.00% | 0.00x | 1.02x | $-24.97K |
| 2010 | -163.80% | 0.00% | 0.00x | 1.00x | $-15.70K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-15.99K |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $2.96K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-49.37K |
| 2014 | 0.00% | -106304.80% | 0.34x | 0.00x | $-452.21K |
| 2015 | 0.00% | -19042.68% | 0.04x | 0.00x | $-2.90 Million |
| 2016 | 0.00% | -1866.19% | 0.04x | 0.00x | $-2.99 Million |
| 2017 | 0.00% | -143.68% | 0.83x | 0.00x | $-6.23 Million |
| 2018 | 0.00% | -148.07% | 0.93x | 0.00x | $-7.12 Million |
| 2019 | 0.00% | -567.33% | 0.55x | 0.00x | $-9.79 Million |
| 2020 | 0.00% | -606.77% | 0.45x | 0.00x | $-2.49 Million |
| 2021 | 0.00% | -1193.83% | 0.21x | 0.00x | $385.14K |
Industry Comparison
This section compares Trident Brands Inc's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $5,681,533,529
- Average return on equity (ROE) among peers: 0.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trident Brands Inc (TDNT) | $-32.59 Million | -4.82% | N/A | $1.72K |
| Above Food Ingredients Inc. Common Stock (ABVE) | $30.90K | -3.31% | 7.66x | $18.76 Million |
| The a2 Milk Company Limited (ACOPF) | $7.27 Million | -30.19% | 0.14x | $3.91 Billion |
| Ayujoy Herbals Ltd (AJOY) | $22.20 Million | 29.29% | 0.00x | $95.71 |
| Alfa S.A.B. de C.V (ALFFF) | $53.35 Billion | 7.36% | 3.80x | $2.16 Billion |
| Amincor Inc (AMNCB) | $34.44 Million | -63.76% | 0.81x | $2.24K |
| Armanino Foods New (AMNF) | $21.40 Million | 30.30% | 0.33x | $72.33K |
| Amira Nature Foods Ltd (ANFIF) | $303.22 Million | 8.27% | 0.89x | $128.79 |
| AAK AB (publ.) (ARHUF) | $2.44 Billion | 12.85% | 2.63x | $5.07 Billion |
| Artisan Consumer Goods Inc (ARRT) | $-326.75K | 0.00% | 0.00x | $279.39K |
| ARYZTA AG (ARZTF) | $632.10 Million | 9.58% | 2.04x | $53.13 Million |