ECN Capital Corp (ECN) - Net Assets
Based on the latest financial reports, ECN Capital Corp (ECN) has net assets worth CA$233.94 Million CAD (≈ $169.23 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 (CA$991.84 Million ≈ $717.48 Million USD) and total liabilities (CA$757.90 Million ≈ $548.25 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 ECN Capital Corp (ECN) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$233.94 Million |
| % of Total Assets | 23.59% |
| Annual Growth Rate | -11.06% |
| 5-Year Change | 7.01% |
| 10-Year Change | -82.79% |
| Growth Volatility | 27.41 |
ECN Capital Corp - Net Assets Trend (2014–2025)
This chart illustrates how ECN Capital Corp's net assets have evolved over time, based on quarterly financial data. Also explore ECN Capital Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for ECN Capital Corp (2014–2025)
The table below shows the annual net assets of ECN Capital Corp from 2014 to 2025. For live valuation and market cap data, see ECN Capital Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$233.94 Million ≈ $169.23 Million |
+10.92% |
| 2024-12-31 | CA$210.90 Million ≈ $152.56 Million |
+0.67% |
| 2023-12-31 | CA$209.49 Million ≈ $151.54 Million |
+8.16% |
| 2022-12-31 | CA$193.68 Million ≈ $140.10 Million |
-11.41% |
| 2021-12-31 | CA$218.63 Million ≈ $158.15 Million |
-73.42% |
| 2020-12-31 | CA$822.56 Million ≈ $595.03 Million |
-6.42% |
| 2019-12-31 | CA$879.03 Million ≈ $635.87 Million |
-20.59% |
| 2018-12-31 | CA$1.11 Billion ≈ $800.77 Million |
-26.10% |
| 2017-12-31 | CA$1.50 Billion ≈ $1.08 Billion |
+10.19% |
| 2016-12-31 | CA$1.36 Billion ≈ $983.37 Million |
+18.54% |
| 2015-12-31 | CA$1.15 Billion ≈ $829.58 Million |
+35.09% |
| 2014-12-31 | CA$848.93 Million ≈ $614.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ECN Capital Corp'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 62714061700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$657.84 Million | 308.10% |
| Other Comprehensive Income | CA$-28.50 Million | -13.35% |
| Other Components | CA$211.32 Million | 98.97% |
| Total Equity | CA$213.52 Million | 100.00% |
ECN Capital Corp Competitors by Market Cap
The table below lists competitors of ECN Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Rayitek Hi-Tech Film Co. Ltd. A
SHG:688323
|
$631.89 Million |
|
Kim Loong Resources Bhd
KLSE:5027
|
$632.15 Million |
|
LandOcean Energy Services Co
SHE:300157
|
$632.16 Million |
|
Adira Dinamika Multi Finance
JK:ADMF
|
$632.22 Million |
|
Western Copper and Gold Corp
TO:WRN
|
$631.62 Million |
|
Stingray Group Inc
TO:RAY-A
|
$631.50 Million |
|
Beijing Mainstreets Investment
SHE:000609
|
$631.48 Million |
|
Hainan RuiZe New Building Material Co Ltd
SHE:002596
|
$631.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ECN Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 207,479,000 to 213,515,724, a change of 6,036,724 (2.9%).
- Net income of 21,007,418 contributed positively to equity growth.
- Dividend payments of 16,139,672 reduced retained earnings.
- Other comprehensive income decreased equity by 242,044.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$21.01 Million | +9.84% |
| Dividends Paid | CA$16.14 Million | -7.56% |
| Other Comprehensive Income | CA$-242.04K | -0.11% |
| Other Changes | CA$1.41 Million | +0.66% |
| Total Change | CA$- | 2.91% |
Book Value vs Market Value Analysis
This analysis compares ECN Capital Corp'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: 4.13x
- 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 increased from 1.61x to 4.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CA$1.93 | CA$3.10 | x |
| 2015-12-31 | CA$3.17 | CA$3.10 | x |
| 2016-12-31 | CA$3.48 | CA$3.10 | x |
| 2017-12-31 | CA$3.80 | CA$3.10 | x |
| 2018-12-31 | CA$3.31 | CA$3.10 | x |
| 2019-12-31 | CA$3.62 | CA$3.10 | x |
| 2020-12-31 | CA$3.33 | CA$3.10 | x |
| 2021-12-31 | CA$0.87 | CA$3.10 | x |
| 2022-12-31 | CA$0.78 | CA$3.10 | x |
| 2023-12-31 | CA$0.82 | CA$3.10 | x |
| 2024-12-31 | CA$0.74 | CA$3.10 | x |
| 2025-12-31 | CA$0.75 | CA$3.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ECN Capital Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 4.65x
- Recent ROE (9.84%) is below the historical average (34.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.64% | 41.81% | 0.04x | 4.19x | CA$-28.54 Million |
| 2015 | 6.46% | 43.56% | 0.04x | 3.88x | CA$-40.55 Million |
| 2016 | 1.81% | 14.27% | 0.04x | 3.52x | CA$-111.39 Million |
| 2017 | 4.02% | 356.82% | 0.01x | 1.86x | CA$-89.63 Million |
| 2018 | -14.15% | -79.73% | 0.11x | 1.58x | CA$-267.37 Million |
| 2019 | -1.68% | -5.94% | 0.14x | 1.96x | CA$-102.65 Million |
| 2020 | -1.65% | -9.24% | 0.09x | 2.07x | CA$-95.80 Million |
| 2021 | 443.58% | 809.90% | 0.10x | 5.24x | CA$947.93 Million |
| 2022 | 8.20% | 8.08% | 0.14x | 7.31x | CA$-3.48 Million |
| 2023 | -50.97% | -67.02% | 0.12x | 6.13x | CA$-127.73 Million |
| 2024 | 3.68% | 3.45% | 0.24x | 4.52x | CA$-13.12 Million |
| 2025 | 9.84% | 7.54% | 0.28x | 4.65x | CA$-344.15K |
Industry Comparison
This section compares ECN Capital Corp's net assets metrics with peer companies in the Mortgage Finance industry.
Industry Context
- Industry: Mortgage Finance
- Average net assets among peers: $360,523,816
- Average return on equity (ROE) among peers: 12.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ECN Capital Corp (ECN) | CA$233.94 Million | 6.64% | 3.24x | $631.79 Million |
| Atrium Mortgage Investment Corp (AI) | $387.31 Million | 8.72% | 0.81x | $419.88 Million |
| Builders Capital Mortgage Corp (BCF) | $26.89 Million | 8.67% | 0.14x | $15.68 Million |
| Firm Capital Mortgage Invest Corp (FC) | $209.19 Million | 9.33% | 0.65x | $326.61 Million |
| First National Financial Corp (FN) | $365.40 Million | 30.19% | 40.11x | $2.08 Billion |
| MCAN Mortgage Corporation (MKP) | $489.31 Million | 11.31% | 7.34x | $753.03 Million |
| Timbercreek Financial Corp (TF) | $685.05 Million | 4.67% | 1.50x | $406.47 Million |
About ECN Capital Corp
ECN Capital Corp. originates, manages, and advises on credit assets on behalf of its partners in North America. It operates in two segments: Manufactured Housing Finance; and Recreational Vehicle and Marine Finance. The company offers manufactured housing, recreational vehicles, and marine loans; and commercial loans, such as floorplan and rental loans. It also serves banks, credit unions, life i… Read more