Vitreous Glass Inc
Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. It offers its products to fiberglass building insulation manufacturers for use as a raw material to insulate homes. The company was incorporated in 1992 and is headquartered in Airdrie, Canada.
Vitreous Glass Inc (VCIGF) - Net Assets
Latest net assets as of December 2025: $5.07 Million USD
Based on the latest financial reports, Vitreous Glass Inc (VCIGF) has net assets worth $5.07 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.38 Million) and total liabilities ($1.31 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 | $5.07 Million |
| % of Total Assets | 79.5% |
| Annual Growth Rate | 3.37% |
| 5-Year Change | 20.18% |
| 10-Year Change | 8.48% |
| Growth Volatility | 10.95 |
Vitreous Glass Inc - Net Assets Trend (1996–2025)
This chart illustrates how Vitreous Glass 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 Vitreous Glass Inc (1996–2025)
The table below shows the annual net assets of Vitreous Glass Inc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $5.00 Million | +24.36% |
| 2024-09-30 | $4.02 Million | -3.23% |
| 2023-09-30 | $4.15 Million | -2.44% |
| 2022-09-30 | $4.26 Million | +2.36% |
| 2021-09-30 | $4.16 Million | -1.93% |
| 2020-09-30 | $4.24 Million | +11.44% |
| 2019-09-30 | $3.81 Million | -12.98% |
| 2018-09-30 | $4.37 Million | -0.37% |
| 2017-09-30 | $4.39 Million | -4.74% |
| 2016-09-30 | $4.61 Million | -9.87% |
| 2015-09-30 | $5.11 Million | +0.27% |
| 2014-09-30 | $5.10 Million | +5.80% |
| 2013-09-30 | $4.82 Million | -8.31% |
| 2012-09-30 | $5.26 Million | +5.07% |
| 2011-09-30 | $5.00 Million | -2.58% |
| 2010-09-30 | $5.14 Million | -7.41% |
| 2009-09-30 | $5.55 Million | +4.09% |
| 2008-09-30 | $5.33 Million | -0.48% |
| 2007-09-30 | $5.35 Million | -13.70% |
| 2006-09-30 | $6.21 Million | +28.34% |
| 2005-09-30 | $4.83 Million | +2.83% |
| 2004-09-30 | $4.70 Million | +6.59% |
| 2003-09-30 | $4.41 Million | +7.70% |
| 2002-09-30 | $4.10 Million | +1.65% |
| 2001-09-30 | $4.03 Million | +11.62% |
| 2000-09-30 | $3.61 Million | +28.92% |
| 1999-09-30 | $2.80 Million | +11.11% |
| 1998-09-30 | $2.52 Million | +10.28% |
| 1997-09-30 | $2.29 Million | +19.37% |
| 1996-09-30 | $1.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vitreous Glass 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 grown by 195522000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.91 Million | 38.23% |
| Common Stock | $2.93 Million | 58.60% |
| Other Components | $158.54K | 3.17% |
| Total Equity | $5.00 Million | 100.00% |
Vitreous Glass Inc Competitors by Market Cap
The table below lists competitors of Vitreous Glass Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Corsa Coal Corp
OTCQX:CRSXF
|
$13.73 Million |
|
Starr Peak Exploration Ltd
OTCQX:STRPF
|
$13.73 Million |
|
HT Media Limited
NSE:HTMEDIA
|
$13.74 Million |
|
Foraj Sonde SA Videle
RO:FOJE
|
$13.74 Million |
|
Ziga Innovation Public Company Limited
BK:ZIGA
|
$13.73 Million |
|
Thai Mitsuwa Public Company Limited
BK:TMW
|
$13.73 Million |
|
R.P.P. Infra Projects Limited
NSE:RPPINFRA
|
$13.73 Million |
|
ReGen III Corp
OTCQX:ISRJF
|
$13.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vitreous Glass Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,019,607 to 4,998,982, a change of 979,375 (24.4%).
- Net income of 3,143,990 contributed positively to equity growth.
- Dividend payments of 1,592,258 reduced retained earnings.
- Other factors decreased equity by 572,357.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.14 Million | +62.89% |
| Dividends Paid | $1.59 Million | -31.85% |
| Other Changes | $-572.36K | -11.45% |
| Total Change | $- | 24.36% |
Book Value vs Market Value Analysis
This analysis compares Vitreous Glass 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
- Current price-to-book ratio: 4.56x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.72x to 4.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | $0.47 | $3.60 | x |
| 1997-09-30 | $0.55 | $3.60 | x |
| 1998-09-30 | $0.55 | $3.60 | x |
| 1999-09-30 | $0.66 | $3.60 | x |
| 2000-09-30 | $0.85 | $3.60 | x |
| 2001-09-30 | $0.95 | $3.60 | x |
| 2002-09-30 | $0.83 | $3.60 | x |
| 2003-09-30 | $0.88 | $3.60 | x |
| 2004-09-30 | $0.88 | $3.60 | x |
| 2005-09-30 | $0.87 | $3.60 | x |
| 2006-09-30 | $1.06 | $3.60 | x |
| 2007-09-30 | $0.89 | $3.60 | x |
| 2008-09-30 | $0.88 | $3.60 | x |
| 2009-09-30 | $0.92 | $3.60 | x |
| 2010-09-30 | $0.85 | $3.60 | x |
| 2011-09-30 | $0.83 | $3.60 | x |
| 2012-09-30 | $0.86 | $3.60 | x |
| 2013-09-30 | $0.78 | $3.60 | x |
| 2014-09-30 | $0.82 | $3.60 | x |
| 2015-09-30 | $0.82 | $3.60 | x |
| 2016-09-30 | $0.74 | $3.60 | x |
| 2017-09-30 | $0.70 | $3.60 | x |
| 2018-09-30 | $0.70 | $3.60 | x |
| 2019-09-30 | $0.61 | $3.60 | x |
| 2020-09-30 | $0.66 | $3.60 | x |
| 2021-09-30 | $0.64 | $3.60 | x |
| 2022-09-30 | $0.66 | $3.60 | x |
| 2023-09-30 | $0.64 | $3.60 | x |
| 2024-09-30 | $0.63 | $3.60 | x |
| 2025-09-30 | $0.79 | $3.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vitreous Glass 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): 62.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.34%
- • Asset Turnover: 2.11x
- • Equity Multiplier: 1.33x
- Recent ROE (62.89%) is above the historical average (30.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 13.17% | 11.38% | 0.61x | 1.88x | $60.73K |
| 1997 | 14.41% | 8.05% | 0.82x | 2.18x | $100.72K |
| 1998 | 9.11% | 4.58% | 0.93x | 2.14x | $-22.32K |
| 1999 | 8.58% | 4.55% | 1.01x | 1.87x | $-39.87K |
| 2000 | 5.29% | 3.77% | 0.88x | 1.59x | $-170.13K |
| 2001 | 10.41% | 5.51% | 0.92x | 2.06x | $16.68K |
| 2002 | 0.84% | 0.29% | 1.29x | 2.29x | $-374.97K |
| 2003 | 5.89% | 1.75% | 1.45x | 2.32x | $-181.33K |
| 2004 | 4.05% | 1.91% | 1.16x | 1.82x | $-279.86K |
| 2005 | 2.75% | 1.13% | 1.55x | 1.57x | $-350.43K |
| 2006 | 22.08% | 17.85% | 1.05x | 1.18x | $749.66K |
| 2007 | 24.90% | 16.91% | 1.16x | 1.26x | $797.80K |
| 2008 | 25.78% | 18.33% | 0.93x | 1.51x | $840.70K |
| 2009 | 22.98% | 18.22% | 0.93x | 1.35x | $719.75K |
| 2010 | 26.30% | 18.72% | 1.04x | 1.35x | $837.28K |
| 2011 | 25.81% | 18.36% | 1.02x | 1.38x | $791.08K |
| 2012 | 25.86% | 19.03% | 1.07x | 1.27x | $833.65K |
| 2013 | 28.39% | 19.73% | 1.12x | 1.29x | $886.34K |
| 2014 | 39.58% | 24.57% | 1.25x | 1.29x | $1.51 Million |
| 2015 | 38.57% | 23.35% | 1.31x | 1.26x | $1.46 Million |
| 2016 | 45.42% | 26.09% | 1.39x | 1.26x | $1.63 Million |
| 2017 | 43.69% | 25.29% | 1.38x | 1.26x | $1.48 Million |
| 2018 | 48.48% | 24.58% | 1.56x | 1.26x | $1.68 Million |
| 2019 | 46.48% | 20.80% | 1.74x | 1.29x | $1.39 Million |
| 2020 | 54.61% | 24.74% | 1.70x | 1.30x | $1.89 Million |
| 2021 | 81.12% | 27.84% | 2.36x | 1.24x | $2.96 Million |
| 2022 | 51.01% | 22.57% | 1.75x | 1.29x | $1.75 Million |
| 2023 | 61.07% | 24.89% | 1.88x | 1.30x | $2.12 Million |
| 2024 | 59.65% | 24.83% | 1.88x | 1.27x | $2.00 Million |
| 2025 | 62.89% | 22.34% | 2.11x | 1.33x | $2.64 Million |
Industry Comparison
This section compares Vitreous Glass Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $61,795,124
- Average return on equity (ROE) among peers: -17.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vitreous Glass Inc (VCIGF) | $5.07 Million | 13.17% | 0.26x | $13.73 Million |
| American Battery Technology Company Common Stock (ABAT) | $70.60 Million | -66.24% | 0.20x | $410.46 Million |
| Agilyx AS (AGXXF) | $35.34 Million | 10.45% | 1.10x | $152.59 Million |
| Ambipar Emergency Response (AMBI) | $8.37 Million | 0.00% | 1.76x | $5.74 Million |
| Anaergia Inc (ANRGF) | $125.77 Million | -18.04% | 2.60x | $20.51 Million |
| Aqua Metals Inc (AQMS) | $31.14 Million | -82.73% | 0.13x | $12.23 Million |
| Avalon Holdings Corporation (AWX) | $39.44 Million | 3.70% | 0.21x | $5.00 Million |
| BacTech Environmental Corporation (BCCEF) | $-1.02 Million | 0.00% | 0.00x | $7.36 Million |
| Befesa S.A (BFSAF) | $259.26 Million | -13.65% | 3.41x | $1.39 Billion |
| BluMetric Environmental Inc. (BLMWF) | $12.19 Million | 4.16% | 0.64x | $27.18 Million |
| BQE Water Inc (BTQNF) | $36.85 Million | -14.23% | 0.05x | $25.45 Million |