Third Bench Inc.
Third Bench Inc. provides cabinets, countertops, and millwork in the Western and Southwestern United States. The company offers design and installation services. It serves general contractors and home builders. The company was formerly known as New America Energy Corp. and changed its name to Third Bench Inc. in October 2023. Third Bench Inc. was incorporated in 2006 and is based in Salt Lake Cit… Read more
Third Bench Inc. (THBD) - Net Assets
Latest net assets as of November 2025: $-2.96 Million USD
Based on the latest financial reports, Third Bench Inc. (THBD) has net assets worth $-2.96 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($211.00) and total liabilities ($2.96 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 | $-2.96 Million |
| % of Total Assets | -1401722.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | -158.28% |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Third Bench Inc. - Net Assets Trend (2019–2025)
This chart illustrates how Third Bench 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 Third Bench Inc. (2019–2025)
The table below shows the annual net assets of Third Bench Inc. from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $-2.85 Million | -11.09% |
| 2024-08-31 | $-2.56 Million | +71.95% |
| 2023-08-31 | $-9.14 Million | -41.17% |
| 2022-08-31 | $-6.47 Million | -232.49% |
| 2021-08-31 | $4.89 Million | +208.36% |
| 2020-08-31 | $-4.51 Million | -58.99% |
| 2019-08-31 | $-2.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Third Bench 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 1491641400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $28.65K | % |
| Other Comprehensive Income | $-1.40 Million | % |
| Other Components | $18.28 Million | % |
| Total Equity | $-2.85 Million | 100.00% |
Third Bench Inc. Competitors by Market Cap
The table below lists competitors of Third Bench Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
G Medical Innovations Holdings Ltd
PINK:GMVDF
|
$1.07K |
|
Blackrock World Mining Trust Plc
LSE:BRWM
|
$1.07K |
|
musicMagpie PLC
LSE:MMAG
|
$1.07K |
|
R I L Property PLC
CM:RILN0000
|
$1.07K |
|
ENSEVAL PUTERA MEGA
MU:FEK
|
$1.07K |
|
CHEUK NANG (HLDGS) (CQH3.SG)
STU:CQH3
|
$1.07K |
|
Lead Data Inc
TW:2443
|
$1.07K |
|
Pioneer Minerals Limited
AU:PMM
|
$1.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Third Bench Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,563,721 to -2,847,927, a change of -284,206.
- Net loss of 396,871 reduced equity.
- Other factors increased equity by 112,665.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-396.87K | -13.94% |
| Other Changes | $112.67K | +3.96% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Third Bench 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 |
|---|---|---|---|
| 2019-08-31 | $-0.08 | $0.00 | x |
| 2020-08-31 | $-0.13 | $0.00 | x |
| 2021-08-31 | $0.11 | $0.00 | x |
| 2022-08-31 | $-0.08 | $0.00 | x |
| 2023-08-31 | $-0.09 | $0.00 | x |
| 2024-08-31 | $-0.01 | $0.00 | x |
| 2025-08-31 | $0.00 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Third Bench 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 (-21.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -4880.87% | 0.19x | 0.00x | $-36.86K |
| 2020 | 0.00% | -39.77% | 1.38x | 0.00x | $-1.43 Million |
| 2021 | -151.44% | -50.00% | 1.00x | 3.04x | $-7.89 Million |
| 2022 | 0.00% | -44.56% | 1.92x | 0.00x | $-8.22 Million |
| 2023 | 0.00% | -15.22% | 2.38x | 0.00x | $-1.73 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $6.52 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $-112.08K |
Industry Comparison
This section compares Third Bench Inc.'s net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $264,634,611
- Average return on equity (ROE) among peers: -5.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Third Bench Inc. (THBD) | $-2.96 Million | 0.00% | N/A | $1.07K |
| American Woodmark Corporation (AMWD) | $581.66 Million | 10.86% | 1.83x | $572.47 Million |
| Aterian Inc (ATER) | $224.23 Million | -105.26% | 0.40x | $3.15 Million |
| Applied UV, Inc. (AUVIQ) | $-1.42 Million | 0.00% | 0.00x | $467.00 |
| Bassett Furniture Industries (BSET) | $298.90 Million | 7.66% | 0.16x | $108.92 Million |
| Breville Group Limited (BVILF) | $150.22 Million | 15.03% | 0.59x | $2.02 Billion |
| Traeger Inc (COOK) | $291.35 Million | -28.97% | 1.95x | $117.97 Million |
| Crown Crafts Inc (CRWS) | $31.39 Million | 13.72% | 0.46x | $25.18 Million |
| Deer Consumer Prodct (DEER) | $-17.75K | 0.00% | 0.00x | $0.93 |
| De'Longhi S.p.A (DELHF) | $1.07 Billion | 17.33% | 0.99x | $1.30 Billion |
| Dyna Group International Inc (DGIX) | $4.10 Million | 13.94% | 0.59x | $7.42K |