Tantalus Systems Holding Inc (GRID) - Net Assets
Based on the latest financial reports, Tantalus Systems Holding Inc (GRID) has net assets worth CA$6.80 Million CAD (≈ $4.92 Million 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$36.04 Million ≈ $26.07 Million USD) and total liabilities (CA$29.24 Million ≈ $21.15 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. Read GRID total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$6.80 Million |
| % of Total Assets | 18.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 113.52 |
Tantalus Systems Holding Inc - Net Assets Trend (2018–2024)
This chart illustrates how Tantalus Systems Holding Inc's net assets have evolved over time, based on quarterly financial data. Also explore GRID total assets for the complete picture of this company's asset base.
Annual Net Assets for Tantalus Systems Holding Inc (2018–2024)
The table below shows the annual net assets of Tantalus Systems Holding Inc from 2018 to 2024. For live valuation and market cap data, see market cap of Tantalus Systems Holding Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$6.94 Million ≈ $5.02 Million |
+199.33% |
| 2023-12-31 | CA$2.32 Million ≈ $1.68 Million |
-35.21% |
| 2022-12-31 | CA$3.58 Million ≈ $2.59 Million |
-47.30% |
| 2021-12-31 | CA$6.79 Million ≈ $4.91 Million |
+393.82% |
| 2020-12-31 | CA$-2.31 Million ≈ $-1.67 Million |
+19.20% |
| 2019-12-31 | CA$-2.86 Million ≈ $-2.07 Million |
-4.90% |
| 2018-12-31 | CA$-2.73 Million ≈ $-1.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tantalus Systems Holding 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 1564955900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$94.58 Million | 1362.73% |
| Other Comprehensive Income | CA$44.18 Million | 636.55% |
| Total Equity | CA$6.94 Million | 100.00% |
Tantalus Systems Holding Inc Competitors by Market Cap
The table below lists competitors of Tantalus Systems Holding Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jackson Acquisition Company II
NYSE:JACS
|
$252.70 Million |
|
Bank of Zhengzhou Co. Ltd
F:3BZ
|
$252.75 Million |
|
Mitra Pinasthika Mustika Tbk
JK:MPMX
|
$252.79 Million |
|
NEOBO FASTIGHETER
ST:NEOBO
|
$252.86 Million |
|
Bombay Dyeing & Mfg Company Limited
NSE:BOMDYEING
|
$252.53 Million |
|
Saha-Union Public Company Limited
BK:SUC
|
$252.47 Million |
|
VNV Global AB
ST:VNV
|
$252.46 Million |
|
AK Sigorta AS
IS:AKGRT
|
$252.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tantalus Systems Holding Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,318,722 to 6,940,695, a change of 4,621,973 (199.3%).
- Net loss of 2,627,720 reduced equity.
- Share repurchases of 7,295,720 reduced equity.
- New share issuances of 7,295,720 increased equity.
- Other comprehensive income increased equity by 809,647.
- Other factors increased equity by 6,440,046.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.63 Million | -37.86% |
| Share Repurchases | CA$7.30 Million | -105.12% |
| Share Issuances | CA$7.30 Million | +105.12% |
| Other Comprehensive Income | CA$809.65K | +11.67% |
| Other Changes | CA$6.44 Million | +92.79% |
| Total Change | CA$- | 199.33% |
Book Value vs Market Value Analysis
This analysis compares Tantalus Systems Holding 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: 43.19x
- 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 |
|---|---|---|---|
| 2018-12-31 | CA$-0.06 | CA$6.35 | x |
| 2019-12-31 | CA$-0.08 | CA$6.35 | x |
| 2020-12-31 | CA$-0.07 | CA$6.35 | x |
| 2021-12-31 | CA$0.17 | CA$6.35 | x |
| 2022-12-31 | CA$0.08 | CA$6.35 | x |
| 2023-12-31 | CA$0.05 | CA$6.35 | x |
| 2024-12-31 | CA$0.15 | CA$6.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tantalus Systems Holding Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -37.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.93%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 5.99x
- Recent ROE (-37.86%) is above the historical average (-51.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -3.64% | 1.94x | 0.00x | CA$-1.20 Million |
| 2019 | 0.00% | -1.46% | 2.07x | 0.00x | CA$-319.88K |
| 2020 | 0.00% | 4.49% | 1.40x | 0.00x | CA$1.72 Million |
| 2021 | -103.38% | -21.82% | 1.04x | 4.57x | CA$-7.70 Million |
| 2022 | -145.18% | -13.12% | 1.06x | 10.44x | CA$-5.55 Million |
| 2023 | -72.68% | -4.00% | 1.21x | 15.01x | CA$-1.92 Million |
| 2024 | -37.86% | -5.93% | 1.07x | 5.99x | CA$-3.32 Million |
Industry Comparison
This section compares Tantalus Systems Holding Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $23,492,310
- Average return on equity (ROE) among peers: -5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tantalus Systems Holding Inc (GRID) | CA$6.80 Million | 0.00% | 4.30x | $252.59 Million |
| Braille Energy Systems Inc (BES) | $197.41K | 0.00% | 0.13x | $2.87 Million |
| Ballard Power Systems Inc (BLDP) | $92.34 Million | -36.19% | 0.79x | $875.15 Million |
| Eguana Technologies Inc (EGT) | $-6.62 Million | 0.00% | 0.00x | $4.09 Million |
| Electrovaya Inc. (ELVA) | $14.87 Million | -31.21% | 0.12x | $460.84 Million |
| Enerev5 Metals Inc (ENEV) | $-334.65K | 0.00% | 0.00x | $2.02 Million |
| Hammond Manufacturing Company Limited (HMM-A) | $46.56 Million | 9.79% | 0.84x | $81.70 Million |
| Hammond Power Solutions Inc (HPS-A) | $44.48 Million | 27.88% | 0.58x | $1.91 Billion |
| Legend Power Systems Inc (LPS) | $-163.04K | 0.00% | 0.00x | $9.75 Million |
| FuelPositive Corp (NHHH) | $20.10 Million | -21.67% | 0.03x | $15.93 Million |
About Tantalus Systems Holding Inc
Tantalus Systems Holding Inc., a technology company, provides smart grid solutions in Canada and the United States. It operates in two segments, Connected Devices and Infrastructure, and Utility Software Applications and Services. The Connected Devices and Infrastructure segment sells computing modules used into multiple devices, including meters, sensors, and street lighting fixtures, as well as… Read more