Trutankless Inc
Trutankless, Inc. engages in the research, development, marketing, distribution, and sale of smart electric tankless water heaters in the United States. The company provides water heaters under the Trutankless name; and home.trutankless.com, a customizable online control panel that enables residential and commercial users to obtain real-time status reports, adjust unit temperature settings, view … Read more
Trutankless Inc (TKLS) - Net Assets
Latest net assets as of September 2024: $-5.03 Million USD
Based on the latest financial reports, Trutankless Inc (TKLS) has net assets worth $-5.03 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.70 Million) and total liabilities ($7.73 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 | $-5.03 Million |
| % of Total Assets | -186.66% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -1962.46% |
| Growth Volatility | 70.4 |
Trutankless Inc - Net Assets Trend (2008–2023)
This chart illustrates how Trutankless 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 Trutankless Inc (2008–2023)
The table below shows the annual net assets of Trutankless Inc from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-7.45 Million | -91.25% |
| 2022-12-31 | $-3.89 Million | 0.00% |
| 2021-12-31 | $-3.89 Million | -64.75% |
| 2020-12-31 | $-2.36 Million | +21.94% |
| 2019-12-31 | $-3.03 Million | -54.80% |
| 2018-12-31 | $-1.96 Million | -212.12% |
| 2017-12-31 | $-626.62K | 0.00% |
| 2016-12-31 | $-626.62K | -134.69% |
| 2015-12-31 | $-267.01K | -166.78% |
| 2014-12-31 | $399.85K | -37.24% |
| 2013-12-31 | $637.06K | -3.42% |
| 2012-12-31 | $659.61K | +307.57% |
| 2011-12-31 | $-317.78K | -77.26% |
| 2010-12-31 | $-179.27K | -265.75% |
| 2009-12-31 | $-49.01K | -515.44% |
| 2008-12-31 | $-7.96K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trutankless 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 6659094900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $38.77K | % |
| Other Comprehensive Income | $-10.00 | % |
| Other Components | $59.18 Million | % |
| Total Equity | $-7.45 Million | 100.00% |
Trutankless Inc Competitors by Market Cap
The table below lists competitors of Trutankless Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Txcom SA
PA:ALTXC
|
$2.79 Million |
|
ATI Airtest Technologies Inc
PINK:AATGF
|
$2.79 Million |
|
MCDONALD'S
MU:MDO
|
$2.79 Million |
|
Bio-gate AG
XETRA:BIG1
|
$2.79 Million |
|
VSBLTY Groupe Technologies Corp
PINK:VSBGF
|
$2.79 Million |
|
Elemental Royalties Corp
OTCQX:ELEMF
|
$2.79 Million |
|
Aethlon Medical Inc
NASDAQ:AEMD
|
$2.79 Million |
|
GACM Technologies Limited
NSE:GATECHDVR
|
$2.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trutankless Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -3,893,797 to -7,446,965, a change of -3,553,168.
- Net loss of 2,038,457 reduced equity.
- Other comprehensive income decreased equity by 2,288,561.
- Other factors increased equity by 773,850.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.04 Million | -27.37% |
| Other Comprehensive Income | $-2.29 Million | -30.73% |
| Other Changes | $773.85K | +10.39% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Trutankless 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 |
|---|---|---|---|
| 2008-12-31 | $-0.30 | $0.05 | x |
| 2009-12-31 | $-1.39 | $0.05 | x |
| 2010-12-31 | $-4.19 | $0.05 | x |
| 2011-12-31 | $-0.39 | $0.05 | x |
| 2012-12-31 | $0.78 | $0.05 | x |
| 2013-12-31 | $0.61 | $0.05 | x |
| 2014-12-31 | $0.22 | $0.05 | x |
| 2015-12-31 | $-0.12 | $0.05 | x |
| 2016-12-31 | $-0.03 | $0.05 | x |
| 2017-12-31 | $-0.24 | $0.05 | x |
| 2018-12-31 | $-0.51 | $0.05 | x |
| 2019-12-31 | $-0.61 | $0.05 | x |
| 2020-12-31 | $-0.31 | $0.05 | x |
| 2021-12-31 | $-0.19 | $0.05 | x |
| 2022-12-31 | $-0.31 | $0.05 | x |
| 2023-12-31 | $-0.26 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trutankless 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: -57437.50%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-155.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-74.17K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-331.74K |
| 2010 | 0.00% | 0.00% | -291.67x | 0.00x | $-982.56K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-621.81K |
| 2012 | -177.86% | 0.00% | 0.00x | 1.93x | $-1.24 Million |
| 2013 | -501.64% | 0.00% | 0.00x | 2.07x | $-3.26 Million |
| 2014 | -1805.18% | -3021.17% | 0.27x | 2.25x | $-7.26 Million |
| 2015 | 0.00% | -1617.06% | 0.31x | 0.00x | $-4.27 Million |
| 2016 | 0.00% | -761.86% | 0.84x | 0.00x | $-3.21 Million |
| 2017 | 0.00% | -412.72% | 1.36x | 0.00x | $-2.81 Million |
| 2018 | 0.00% | -229.89% | 1.77x | 0.00x | $-3.34 Million |
| 2019 | 0.00% | -329.35% | 2.06x | 0.00x | $-5.98 Million |
| 2020 | 0.00% | -738.72% | 0.92x | 0.00x | $-12.04 Million |
| 2021 | 0.00% | -7064.03% | 1.08x | 0.00x | $-16.99 Million |
| 2022 | 0.00% | -9103.79% | 1.08x | 0.00x | $-22.01 Million |
| 2023 | 0.00% | -57437.50% | 0.01x | 0.00x | $-1.29 Million |
Industry Comparison
This section compares Trutankless Inc's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $522,869,043
- Average return on equity (ROE) among peers: -35.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trutankless Inc (TKLS) | $-5.03 Million | 0.00% | N/A | $2.79 Million |
| Apple Inc (AAPL) | $4.22 Billion | 1.63% | 0.61x | $3.66 Trillion |
| Audio Pixels Holdings Limited (ADPXF) | $7.23 Million | -86.15% | 0.35x | $67.94 Million |
| Atomos Limited (AMOSF) | $22.57 Million | -73.18% | 0.40x | $66.13K |
| Andrea Electronic Cp (ANDR) | $-432.13K | 0.00% | 0.00x | $6.30K |
| AXIL Brands, Inc. (AXIL) | $345.65K | -86.14% | 2.65x | $17.49 Million |
| Bang & Olufsen a/s (BGOUF) | $832.00 Million | -69.23% | 1.13x | $201.04 Million |
| Boxlight Corp Class A (BOXL) | $2.11 Million | -97.53% | 8.04x | $710.98K |
| Basler Aktiengesellschaft (BSLAF) | $141.49 Million | 15.10% | 0.88x | $138.75 Million |
| Beamz Interactive (BZIC) | $-1.51 Million | 0.00% | 0.00x | $0.93 |
| Capstone Companies Inc (CAPC) | $1.89 Million | 38.47% | 4.97x | $659.69K |