Three Sixty Solar Ltd.
Three Sixty Solar Ltd. designs, builds, and installs vertical solar array systems in Canada. It also offers solar towers for commercial projects and utility scale solar farms. The company was founded in 1994 and is headquartered in Vancouver, Canada.
Three Sixty Solar Ltd. (VSOLF) - Net Assets
Latest net assets as of June 2024: $-1.72 Million USD
Based on the latest financial reports, Three Sixty Solar Ltd. (VSOLF) has net assets worth $-1.72 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($368.66K) and total liabilities ($2.09 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 | $-1.72 Million |
| % of Total Assets | -467.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | -110.2% |
| 10-Year Change | N/A |
| Growth Volatility | 233.31 |
Three Sixty Solar Ltd. - Net Assets Trend (1996–2023)
This chart illustrates how Three Sixty Solar Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Three Sixty Solar Ltd. (1996–2023)
The table below shows the annual net assets of Three Sixty Solar Ltd. from 1996 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | $-746.85K | -124.52% |
| 2022-09-30 | $3.05 Million | -48.40% |
| 2021-09-30 | $5.90 Million | -19.39% |
| 2020-09-30 | $7.32 Million | 0.00% |
| 2019-09-30 | $7.32 Million | -6.66% |
| 2018-09-30 | $7.85 Million | -22.26% |
| 2017-09-30 | $10.09 Million | +1042.07% |
| 2016-09-30 | $883.63K | +284.69% |
| 2015-09-30 | $-478.44K | -54.61% |
| 2014-09-30 | $-309.45K | -244.27% |
| 2013-09-30 | $-89.88K | -128.62% |
| 2012-09-30 | $314.07K | +61.22% |
| 2011-09-30 | $194.81K | -13.58% |
| 2010-09-30 | $225.43K | -56.72% |
| 2009-09-30 | $520.82K | -11.46% |
| 2008-09-30 | $588.23K | -16.58% |
| 2007-09-30 | $705.17K | +520.70% |
| 2006-09-30 | $-167.62K | -185.55% |
| 2005-09-30 | $-58.70K | -154373.68% |
| 2004-09-30 | $-38.00 | -100.05% |
| 2003-09-30 | $74.03K | -61.84% |
| 2002-09-30 | $193.98K | -47.85% |
| 2001-09-30 | $371.99K | +41.99% |
| 2000-09-30 | $261.99K | +3.48% |
| 1999-09-30 | $253.18K | -17.73% |
| 1998-09-30 | $307.72K | -34.10% |
| 1997-09-30 | $466.97K | -47.23% |
| 1996-09-30 | $884.87K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Three Sixty Solar Ltd.'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 925117100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $11.41 Million | % |
| Other Comprehensive Income | $893.77K | % |
| Other Components | $198.50K | % |
| Total Equity | $-746.85K | 100.00% |
Three Sixty Solar Ltd. Competitors by Market Cap
The table below lists competitors of Three Sixty Solar Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WGHT WTCHER INTL
BE:WW6
|
$3.73K |
|
Puma Alpha VCT Ord
LSE:PUAL
|
$3.73K |
|
PCAR3F
SA:PCAR3F
|
$3.74K |
|
Saule Technologies S.A.
WAR:SLT
|
$3.74K |
|
Kossen Co Ltd
KO:009730
|
$3.71K |
|
South Books & Educational Equipment JSC
VN:SMN
|
$3.71K |
|
KBT
WAR:KBT
|
$3.70K |
|
Ventura Cannabis & Wellness Corporation
PINK:CVHIF
|
$3.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Three Sixty Solar Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 3,046,449 to -746,848, a change of -3,793,297 (-124.5%).
- Net loss of 9,283,417 reduced equity.
- New share issuances of 5,003,719 increased equity.
- Other comprehensive income decreased equity by 1,738,642.
- Other factors increased equity by 2,225,043.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-9.28 Million | -1243.01% |
| Share Issuances | $5.00 Million | +669.98% |
| Other Comprehensive Income | $-1.74 Million | -232.8% |
| Other Changes | $2.23 Million | +297.92% |
| Total Change | $- | -124.52% |
Book Value vs Market Value Analysis
This analysis compares Three Sixty Solar Ltd.'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 |
|---|---|---|---|
| 1996-09-30 | $1.18 | $0.00 | x |
| 1997-09-30 | $0.62 | $0.00 | x |
| 1998-09-30 | $0.41 | $0.00 | x |
| 1999-09-30 | $0.34 | $0.00 | x |
| 2000-09-30 | $0.35 | $0.00 | x |
| 2001-09-30 | $0.50 | $0.00 | x |
| 2002-09-30 | $0.26 | $0.00 | x |
| 2003-09-30 | $0.10 | $0.00 | x |
| 2004-09-30 | $0.00 | $0.00 | x |
| 2005-09-30 | $-0.08 | $0.00 | x |
| 2006-09-30 | $-0.22 | $0.00 | x |
| 2007-09-30 | $0.57 | $0.00 | x |
| 2008-09-30 | $0.21 | $0.00 | x |
| 2009-09-30 | $0.19 | $0.00 | x |
| 2010-09-30 | $0.05 | $0.00 | x |
| 2011-09-30 | $0.03 | $0.00 | x |
| 2012-09-30 | $0.05 | $0.00 | x |
| 2013-09-30 | $-0.01 | $0.00 | x |
| 2014-09-30 | $-0.03 | $0.00 | x |
| 2015-09-30 | $-0.04 | $0.00 | x |
| 2016-09-30 | $0.07 | $0.00 | x |
| 2017-09-30 | $0.59 | $0.00 | x |
| 2018-09-30 | $0.76 | $0.00 | x |
| 2019-09-30 | $2.01 | $0.00 | x |
| 2020-09-30 | $2.01 | $0.00 | x |
| 2021-09-30 | $1.52 | $0.00 | x |
| 2022-09-30 | $0.18 | $0.00 | x |
| 2023-09-30 | $-0.02 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Three Sixty Solar Ltd. 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 (-61.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 8.76% | 15.28% | 0.32x | 1.81x | $-10.98K |
| 1997 | -89.49% | -82.95% | 0.62x | 1.74x | $-464.60K |
| 1998 | -51.75% | -73.67% | 0.31x | 2.28x | $-190.02K |
| 1999 | -65.34% | -68.58% | 0.40x | 2.37x | $-190.74K |
| 2000 | 3.36% | 2.02% | 0.73x | 2.27x | $-17.39K |
| 2001 | 29.57% | 48.54% | 0.52x | 1.18x | $72.80K |
| 2002 | -91.76% | -281.08% | 0.28x | 1.17x | $-197.40K |
| 2003 | -139.20% | -147.60% | 0.61x | 1.54x | $-110.46K |
| 2004 | 0.00% | -81.16% | 0.98x | 0.00x | $-74.07K |
| 2005 | 0.00% | -73.31% | 1.19x | 0.00x | $-52.79K |
| 2006 | 0.00% | -174.89% | 1.42x | 0.00x | $-92.16K |
| 2007 | -33.29% | -377.03% | 0.08x | 1.15x | $-305.28K |
| 2008 | -206.56% | -1434.91% | 0.10x | 1.47x | $-1.27 Million |
| 2009 | -135.41% | -1495.39% | 0.06x | 1.65x | $-757.32K |
| 2010 | -215.93% | -1019.46% | 0.12x | 1.74x | $-509.31K |
| 2011 | -264.73% | -1296.97% | 0.05x | 3.94x | $-535.21K |
| 2012 | -168.75% | -324.62% | 0.30x | 1.72x | $-561.42K |
| 2013 | 0.00% | -583.83% | 0.44x | 0.00x | $-504.99K |
| 2014 | 0.00% | -337.34% | 0.63x | 0.00x | $-184.56K |
| 2015 | 0.00% | -598.10% | 1.53x | 0.00x | $-134.04K |
| 2016 | 5.37% | 0.00% | 0.00x | 1.47x | $-40.88K |
| 2017 | -68.04% | 0.00% | 0.00x | 1.08x | $-7.88 Million |
| 2018 | -55.16% | 0.00% | 0.00x | 1.02x | $-5.11 Million |
| 2019 | -20.53% | 0.00% | 0.00x | 1.05x | $-2.24 Million |
| 2020 | -20.53% | 0.00% | 0.00x | 1.05x | $-2.24 Million |
| 2021 | -24.56% | 0.00% | 0.00x | 1.05x | $-2.04 Million |
| 2022 | -109.63% | 0.00% | 0.00x | 1.23x | $-3.64 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-9.21 Million |
Industry Comparison
This section compares Three Sixty Solar Ltd.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Three Sixty Solar Ltd. (VSOLF) | $-1.72 Million | 8.76% | N/A | $3.72K |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |