D2L Inc (DTOL) - Net Assets
Based on the latest financial reports, D2L Inc (DTOL) has net assets worth CA$87.51 Million CAD (≈ $63.30 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$237.85 Million ≈ $172.06 Million USD) and total liabilities (CA$150.34 Million ≈ $108.75 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 DTOL asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$87.51 Million |
| % of Total Assets | 36.79% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 27.96 |
D2L Inc - Net Assets Trend (2020–2025)
This chart illustrates how D2L Inc's net assets have evolved over time, based on quarterly financial data. Also explore D2L Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for D2L Inc (2020–2025)
The table below shows the annual net assets of D2L Inc from 2020 to 2025. For live valuation and market cap data, see DTOL stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | CA$84.75 Million ≈ $61.30 Million |
+48.99% |
| 2024-01-31 | CA$56.88 Million ≈ $41.15 Million |
+5.16% |
| 2023-01-31 | CA$54.09 Million ≈ $39.13 Million |
-18.51% |
| 2022-01-31 | CA$66.38 Million ≈ $48.02 Million |
+135.44% |
| 2021-01-31 | CA$-187.29 Million ≈ $-135.48 Million |
-27.98% |
| 2020-01-31 | CA$-146.34 Million ≈ $-105.86 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to D2L 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 13644369300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$367.49 Million | 433.64% |
| Other Comprehensive Income | CA$-7.46 Million | -8.80% |
| Other Components | CA$48.26 Million | 56.95% |
| Total Equity | CA$84.75 Million | 100.00% |
D2L Inc Competitors by Market Cap
The table below lists competitors of D2L Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daewon Sanup Co. Ltd
KQ:005710
|
$187.26 Million |
|
J.Jill Inc
NYSE:JILL
|
$187.43 Million |
|
Scottish Mortgage Investment Trust plc
LSE:SMT
|
$187.45 Million |
|
Zeng Hsing Industrial Co Ltd
TW:1558
|
$187.46 Million |
|
Bank Artha Graha Internasional
JK:INPC
|
$187.23 Million |
|
Caswell Inc
TW:6416
|
$187.18 Million |
|
Ard Grup Bilisim Teknolojileri AS
IS:ARDYZ
|
$187.12 Million |
|
India Pesticides Limited
NSE:IPL
|
$187.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in D2L Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 56,880,273 to 84,745,712, a change of 27,865,439 (49.0%).
- Net income of 25,721,683 contributed positively to equity growth.
- Share repurchases of 3,564,436 reduced equity.
- Other comprehensive income decreased equity by 2,458,282.
- Other factors increased equity by 8,166,474.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$25.72 Million | +30.35% |
| Share Repurchases | CA$3.56 Million | -4.21% |
| Other Comprehensive Income | CA$-2.46 Million | -2.9% |
| Other Changes | CA$8.17 Million | +9.64% |
| Total Change | CA$- | 48.99% |
Book Value vs Market Value Analysis
This analysis compares D2L 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: 6.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-01-31 | CA$-2.77 | CA$9.49 | x |
| 2021-01-31 | CA$-3.54 | CA$9.49 | x |
| 2022-01-31 | CA$1.25 | CA$9.49 | x |
| 2023-01-31 | CA$1.02 | CA$9.49 | x |
| 2024-01-31 | CA$1.06 | CA$9.49 | x |
| 2025-01-31 | CA$1.52 | CA$9.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently D2L 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): 30.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.53%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.75x
- Recent ROE (30.35%) is above the historical average (-26.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -5.22% | 1.70x | 0.00x | CA$8.92 Million |
| 2021 | 0.00% | -32.84% | 1.47x | 0.00x | CA$-22.77 Million |
| 2022 | -147.11% | -64.30% | 0.85x | 2.70x | CA$-104.29 Million |
| 2023 | -33.97% | -10.91% | 0.95x | 3.27x | CA$-23.79 Million |
| 2024 | -6.23% | -1.94% | 0.93x | 3.47x | CA$-9.23 Million |
| 2025 | 30.35% | 12.53% | 0.88x | 2.75x | CA$17.25 Million |
Industry Comparison
This section compares D2L Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $38,019,795
- Average return on equity (ROE) among peers: -271.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| D2L Inc (DTOL) | CA$87.51 Million | 0.00% | 1.72x | $187.25 Million |
| Abaxx Technologies Inc (ABXX) | $42.03 Million | -128.66% | 0.23x | $1.39 Billion |
| Adcore Inc (ADCO) | $7.48 Million | -13.17% | 1.10x | $10.05 Million |
| AnalytixInsight Inc (ALY) | $-3.70 Million | 0.00% | 0.00x | $1.76 Million |
| Agereh Technologies Inc (AUTO) | $-5.56 Million | 0.00% | 0.00x | $4.14 Million |
| Acceleware Ltd (AXE) | $-5.40 Million | 0.00% | 0.00x | $11.79 Million |
| BLUERUSH Media Group Corp (BTV) | $127.22K | -2633.08% | 15.00x | $356.37K |
| Boardwalktech Software Corp (BWLK) | $-4.63 Million | 0.00% | 0.00x | $2.80 Million |
| Computer Modelling Group Ltd. (CMG) | $8.50 Million | -24.71% | 0.35x | $231.91 Million |
| Constellation Software Inc. (CSU) | $338.18 Million | 52.41% | 3.86x | $37.43 Billion |
| NamSys Inc (CTZ) | $3.18 Million | 36.12% | 0.12x | $24.35 Million |
About D2L Inc
D2L Inc. provides cloud-based learning software for higher education institutions, kindergarten to grade 12 schools and districts, and private sector enterprises in Canada, the United States, and internationally. It also provides personalized, flexible and modern learning experiences for people of all ages. The company core cloud-based learning innovation platform, Brightspace, serves three disti… Read more