TH1NG AB (TH1NG) - Net Assets
Based on the latest financial reports, TH1NG AB (TH1NG) has net assets worth Skr-12.05 Million SEK (≈ $-1.30 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr18.85 Million ≈ $2.03 Million USD) and total liabilities (Skr30.89 Million ≈ $3.32 Million USD). 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. Check TH1NG asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr-12.05 Million |
| % of Total Assets | -63.93% |
| Annual Growth Rate | N/A |
| 5-Year Change | -130.93% |
| 10-Year Change | N/A |
| Growth Volatility | 442.65 |
TH1NG AB - Net Assets Trend (2018–2024)
This chart illustrates how TH1NG AB's net assets have evolved over time, based on quarterly financial data. Also explore TH1NG AB asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for TH1NG AB (2018–2024)
The table below shows the annual net assets of TH1NG AB from 2018 to 2024. For live valuation and market cap data, see market cap of TH1NG AB.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr-4.64 Million ≈ $-499.34K |
-166.40% |
| 2023-12-31 | Skr6.99 Million ≈ $752.02K |
-41.70% |
| 2022-12-31 | Skr11.99 Million ≈ $1.29 Million |
-37.82% |
| 2021-12-31 | Skr19.28 Million ≈ $2.07 Million |
+28.50% |
| 2020-12-31 | Skr15.00 Million ≈ $1.61 Million |
+1143.53% |
| 2019-12-31 | Skr1.21 Million ≈ $129.82K |
+88.28% |
| 2018-12-31 | Skr640.72K ≈ $68.95K |
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Equity Component Analysis
This analysis shows how different components contribute to TH1NG AB'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 16882.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr1.44 Million | % |
| Other Components | Skr93.50 Million | % |
| Total Equity | Skr-4.19 Million | 100.00% |
TH1NG AB Competitors by Market Cap
The table below lists competitors of TH1NG AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Duros S.A.
AT:DUR
|
$990.33K |
|
1Spatial PLC
LSE:SPA
|
$990.82K |
|
Classover Holdings, Inc. Class B Common Stock
NASDAQ:KIDZ
|
$992.64K |
|
Aranjin Resources Ltd
V:ARJN
|
$993.53K |
|
22nd Century Group Inc
NASDAQ:XXII
|
$988.23K |
|
Mulberry Group PLC
LSE:MUL
|
$981.70K |
|
CREATIVEF. G.S.A-K ZY-23
F:19F
|
$981.46K |
|
Companhia Tecidos Santanense Ltda
SA:CTSA3
|
$979.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TH1NG AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,216,000 to -4,189,000, a change of -11,405,000 (-158.1%).
- Net loss of 11,774,000 reduced equity.
- Other comprehensive income increased equity by 84,893,000.
- Other factors decreased equity by 84,524,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-11.77 Million | -281.07% |
| Other Comprehensive Income | Skr84.89 Million | +2026.57% |
| Other Changes | Skr-84.52 Million | -2017.76% |
| Total Change | Skr- | -158.05% |
Book Value vs Market Value Analysis
This analysis compares TH1NG AB'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 |
|---|---|---|---|
| 2018-12-31 | Skr0.07 | Skr0.34 | x |
| 2019-12-31 | Skr-0.43 | Skr0.34 | x |
| 2020-12-31 | Skr1.60 | Skr0.34 | x |
| 2021-12-31 | Skr1.48 | Skr0.34 | x |
| 2022-12-31 | Skr0.90 | Skr0.34 | x |
| 2023-12-31 | Skr0.36 | Skr0.34 | x |
| 2024-12-31 | Skr-0.16 | Skr0.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TH1NG AB 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: -59.95%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-134.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -253.84% | -1715.86% | 0.10x | 1.44x | Skr-1.69 Million |
| 2019 | 0.00% | -92.65% | 1.40x | 0.00x | Skr-8.06 Million |
| 2020 | -113.43% | -49.47% | 0.98x | 2.35x | Skr-18.52 Million |
| 2021 | -165.78% | -48.74% | 0.89x | 3.80x | Skr-33.88 Million |
| 2022 | -137.49% | -94.44% | 0.48x | 3.01x | Skr-17.68 Million |
| 2023 | -268.93% | -86.23% | 0.72x | 4.33x | Skr-20.13 Million |
| 2024 | 0.00% | -59.95% | 0.89x | 0.00x | Skr-11.36 Million |
Industry Comparison
This section compares TH1NG AB's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $16,077,212,647
- Average return on equity (ROE) among peers: 4.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TH1NG AB (TH1NG) | Skr-12.05 Million | -253.84% | N/A | $988.27K |
| Bahnhof AB Series B (BAHN-B) | $536.34 Million | 33.68% | 1.61x | $438.23 Million |
| Bredband2 i Skandinavien AB (BRE2) | $2.17 Million | 6.37% | 1.92x | $334.75 Million |
| Eltel AB (ELTEL) | $211.50 Million | -7.04% | 1.94x | $164.29 Million |
| Ovzon AB (OVZON) | $1.39 Billion | -2.60% | 0.38x | $649.33 Million |
| Sinch AB (SINCH) | $864.96 Million | 8.62% | 1.69x | $2.27 Billion |
| TalkPool AG (TALK) | $2.15 Million | -14.32% | 5.98x | $12.23 Million |
| Tele2 AB (publ) (TEL2-A) | $3.17 Billion | 1.53% | 1.75x | $197.81 Million |
| Tele2 AB (publ) (TEL2-B) | $22.68 Billion | 9.75% | 0.76x | $13.94 Billion |
| Telia Company AB (TELIA) | $115.83 Billion | 8.68% | 0.64x | $20.42 Billion |
About TH1NG AB
TH1NG AB (publ) develops and delivers socially critical digital infrastructure that enables smart and sustainable societies in Sweden. The company offers various Internet of things platforms and solutions. It also provides broadband, sim cards for devices, and wan network services. The company was incorporated in 2014 and is headquartered in Stockholm, Sweden.