Exchange Income Corporation Net Assets
Exchange Income Corporation net assets. Based on the latest financial reports, Exchange Income Corporation (EIF) has net assets worth CA$1.65 Billion CAD (≈ $1.19 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.23 Billion ≈ $3.79 Billion USD) and total liabilities (CA$3.58 Billion ≈ $2.59 Billion 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. Also explore net asset momentum of Exchange Income Corporation to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.65 Billion |
| % of Total Assets | 31.52% |
| Annual Growth Rate | 44.79% |
| 5-Year Change | 105.51% |
| 10-Year Change | 215.63% |
| Growth Volatility | 1323.76 |
Net Assets of Exchange Income Corporation (2002–2024)
Net assets of Exchange Income Corporation from 2002 to 2024. This chart illustrates how Exchange Income Corporation's net assets have evolved over time, based on quarterly financial data. See how leveraged is Exchange Income Corporation's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Exchange Income Corporation (2002–2024)
The table below shows the annual net assets of Exchange Income Corporation from 2002 to 2024. For live market cap and overall valuation, see Exchange Income Corporation (EIF) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.41 Billion ≈ $1.02 Billion |
+13.18% |
| 2023-12-31 | CA$1.25 Billion ≈ $900.96 Million |
+22.22% |
| 2022-12-31 | CA$1.02 Billion ≈ $737.17 Million |
+27.34% |
| 2021-12-31 | CA$800.27 Million ≈ $578.91 Million |
+16.67% |
| 2020-12-31 | CA$685.95 Million ≈ $496.20 Million |
-6.01% |
| 2019-12-31 | CA$729.84 Million ≈ $527.96 Million |
+18.24% |
| 2018-12-31 | CA$617.25 Million ≈ $446.51 Million |
+6.88% |
| 2017-12-31 | CA$577.51 Million ≈ $417.76 Million |
+18.80% |
| 2016-12-31 | CA$486.14 Million ≈ $351.66 Million |
+8.85% |
| 2015-12-31 | CA$446.62 Million ≈ $323.08 Million |
+49.07% |
| 2014-12-31 | CA$299.59 Million ≈ $216.72 Million |
-2.04% |
| 2013-12-31 | CA$305.83 Million ≈ $221.23 Million |
+3.83% |
| 2012-12-31 | CA$294.54 Million ≈ $213.07 Million |
+30.54% |
| 2011-12-31 | CA$225.64 Million ≈ $163.22 Million |
+57.96% |
| 2010-12-31 | CA$142.85 Million ≈ $103.33 Million |
+33.13% |
| 2009-12-31 | CA$107.30 Million ≈ $77.62 Million |
+70.99% |
| 2008-12-31 | CA$62.75 Million ≈ $45.40 Million |
+1.02% |
| 2007-12-31 | CA$62.12 Million ≈ $44.94 Million |
+109.30% |
| 2006-12-31 | CA$29.68 Million ≈ $21.47 Million |
+16.80% |
| 2005-12-31 | CA$25.41 Million ≈ $18.38 Million |
+6098.72% |
| 2002-12-31 | CA$409.97K ≈ $296.57K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Exchange Income Corporation'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 10496122000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Exchange Income Corporation Net Assets Breakdown (December 2024)
Exchange Income Corporation net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.38 Billion | 97.69% |
| Other Comprehensive Income | CA$91.96 Million | 6.52% |
| Other Components | CA$45.51 Million | 3.23% |
| Total Equity | CA$1.41 Billion | 100.00% |
Exchange Income Corporation Competitors by Market Cap
The table below lists competitors of Exchange Income Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GlaxoSmithKline Pharmaceuticals Limited
NSE:GLAXO
|
$4.64 Billion |
|
Amentum Holdings Inc.
NYSE:AMTM
|
$4.64 Billion |
|
Spirit Aerosystems Holdings Inc
NYSE:SPR
|
$4.64 Billion |
|
Travere Therapeutics Inc
NASDAQ:TVTX
|
$4.64 Billion |
|
Applied Digital Corporation
NASDAQ:APLD
|
$4.64 Billion |
|
Iridium Communications Inc
NASDAQ:IRDM
|
$4.63 Billion |
|
TFS Financial Corporation
NASDAQ:TFSL
|
$4.63 Billion |
|
Colgate Palmolive (India) Limited
NSE:COLPAL
|
$4.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Exchange Income Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,245,473,000 to 1,409,669,000, a change of 164,196,000 (13.2%).
- Net income of 121,235,000 contributed positively to equity growth.
- Dividend payments of 125,888,000 reduced retained earnings.
- Share repurchases of 24,245,000 reduced equity.
- New share issuances of 24,245,000 increased equity.
- Other comprehensive income increased equity by 46,433,000.
- Other factors increased equity by 122,416,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$121.23 Million | +8.6% |
| Dividends Paid | CA$125.89 Million | -8.93% |
| Share Repurchases | CA$24.25 Million | -1.72% |
| Share Issuances | CA$24.25 Million | +1.72% |
| Other Comprehensive Income | CA$46.43 Million | +3.29% |
| Other Changes | CA$122.42 Million | +8.68% |
| Total Change | CA$- | 13.18% |
Book Value vs Market Value Analysis
This analysis compares Exchange Income Corporation'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: 4.29x
- 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 48.81x to 4.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CA$2.34 | CA$114.34 | x |
| 2005-12-31 | CA$9.82 | CA$114.34 | x |
| 2006-12-31 | CA$7.67 | CA$114.34 | x |
| 2007-12-31 | CA$10.98 | CA$114.34 | x |
| 2008-12-31 | CA$10.76 | CA$114.34 | x |
| 2009-12-31 | CA$9.57 | CA$114.34 | x |
| 2010-12-31 | CA$10.64 | CA$114.34 | x |
| 2011-12-31 | CA$11.72 | CA$114.34 | x |
| 2012-12-31 | CA$13.52 | CA$114.34 | x |
| 2013-12-31 | CA$14.25 | CA$114.34 | x |
| 2014-12-31 | CA$13.54 | CA$114.34 | x |
| 2015-12-31 | CA$17.43 | CA$114.34 | x |
| 2016-12-31 | CA$14.32 | CA$114.34 | x |
| 2017-12-31 | CA$16.04 | CA$114.34 | x |
| 2018-12-31 | CA$17.76 | CA$114.34 | x |
| 2019-12-31 | CA$19.16 | CA$114.34 | x |
| 2020-12-31 | CA$19.07 | CA$114.34 | x |
| 2021-12-31 | CA$21.01 | CA$114.34 | x |
| 2022-12-31 | CA$21.54 | CA$114.34 | x |
| 2023-12-31 | CA$23.96 | CA$114.34 | x |
| 2024-12-31 | CA$26.68 | CA$114.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Exchange Income Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.56%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 3.26x
- Recent ROE (8.60%) is below the historical average (8.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -1.41% | 0.00% | 0.00x | 1.01x | CA$-46.78K |
| 2005 | 12.03% | 5.34% | 0.77x | 2.92x | CA$516.70K |
| 2006 | 16.90% | 5.87% | 0.95x | 3.03x | CA$2.05 Million |
| 2007 | 12.22% | 7.16% | 0.87x | 1.96x | CA$1.38 Million |
| 2008 | 5.08% | 2.02% | 0.98x | 2.57x | CA$-3.09 Million |
| 2009 | 12.11% | 6.15% | 0.79x | 2.50x | CA$2.26 Million |
| 2010 | 9.03% | 5.27% | 0.73x | 2.36x | CA$-1.39 Million |
| 2011 | 9.19% | 4.07% | 1.07x | 2.12x | CA$-1.82 Million |
| 2012 | 8.61% | 3.17% | 1.13x | 2.41x | CA$-4.10 Million |
| 2013 | 2.94% | 0.87% | 1.07x | 3.14x | CA$-21.60 Million |
| 2014 | 2.76% | 1.52% | 0.76x | 2.39x | CA$-21.70 Million |
| 2015 | 9.01% | 4.98% | 0.66x | 2.75x | CA$-4.43 Million |
| 2016 | 12.65% | 6.90% | 0.63x | 2.93x | CA$12.88 Million |
| 2017 | 12.50% | 7.12% | 0.58x | 3.03x | CA$14.41 Million |
| 2018 | 11.47% | 5.88% | 0.61x | 3.17x | CA$9.04 Million |
| 2019 | 11.46% | 6.24% | 0.59x | 3.11x | CA$10.65 Million |
| 2020 | 4.09% | 2.44% | 0.50x | 3.34x | CA$-40.54 Million |
| 2021 | 8.57% | 4.85% | 0.55x | 3.23x | CA$-11.44 Million |
| 2022 | 10.76% | 5.33% | 0.58x | 3.48x | CA$7.76 Million |
| 2023 | 9.82% | 4.90% | 0.61x | 3.28x | CA$-2.24 Million |
| 2024 | 8.60% | 4.56% | 0.58x | 3.26x | CA$-19.73 Million |
Industry Comparison
This section compares Exchange Income Corporation's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $1,715,000,000
- Average return on equity (ROE) among peers: -270.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Exchange Income Corporation (EIF) | CA$1.65 Billion | -1.41% | 2.17x | $4.64 Billion |
| Air Canada (AC) | $1.72 Billion | -270.96% | 15.86x | $4.38 Billion |
About Exchange Income Corporation
Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilot… Read more