Pulse Seismic Inc (PSD) - Net Assets

Latest as of September 2025: CA$16.64 Million CAD ≈ $12.03 Million USD

Based on the latest financial reports, Pulse Seismic Inc (PSD) has net assets worth CA$16.64 Million CAD (≈ $12.03 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$22.80 Million ≈ $16.49 Million USD) and total liabilities (CA$6.16 Million ≈ $4.46 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 PSD asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$16.64 Million
% of Total Assets	72.98%
Annual Growth Rate	0.57%
5-Year Change	-27.59%
10-Year Change	-59.69%
Growth Volatility	139.16

Pulse Seismic Inc - Net Assets Trend (1996–2024)

This chart illustrates how Pulse Seismic Inc's net assets have evolved over time, based on quarterly financial data. Also explore Pulse Seismic Inc total assets for the complete picture of this company's asset base.

Annual Net Assets for Pulse Seismic Inc (1996–2024)

The table below shows the annual net assets of Pulse Seismic Inc from 1996 to 2024. For live valuation and market cap data, see market cap of Pulse Seismic Inc.

Year	Net Assets	Change
2024-12-31	CA$18.30 Million ≈ $13.23 Million	-28.69%
2023-12-31	CA$25.66 Million ≈ $18.56 Million	-23.41%
2022-12-31	CA$33.50 Million ≈ $24.23 Million	-24.12%
2021-12-31	CA$44.14 Million ≈ $31.93 Million	+74.71%
2020-12-31	CA$25.27 Million ≈ $18.28 Million	-20.98%
2019-12-31	CA$31.97 Million ≈ $23.13 Million	-9.27%
2018-12-31	CA$35.24 Million ≈ $25.49 Million	-6.80%
2017-12-31	CA$37.81 Million ≈ $27.35 Million	-2.16%
2016-12-31	CA$38.65 Million ≈ $27.96 Million	-14.86%
2015-12-31	CA$45.39 Million ≈ $32.83 Million	-22.28%
2014-12-31	CA$58.40 Million ≈ $42.25 Million	-11.46%
2013-12-31	CA$65.96 Million ≈ $47.72 Million	-31.68%
2012-12-31	CA$96.55 Million ≈ $69.84 Million	+16.22%
2011-12-31	CA$83.07 Million ≈ $60.09 Million	+1.52%
2010-12-31	CA$81.83 Million ≈ $59.19 Million	+29.18%
2009-12-31	CA$63.34 Million ≈ $45.82 Million	-4.44%
2008-12-31	CA$66.29 Million ≈ $47.95 Million	-16.28%
2007-12-31	CA$79.17 Million ≈ $57.27 Million	+5.07%
2006-12-31	CA$75.36 Million ≈ $54.51 Million	-8.58%
2005-12-31	CA$82.43 Million ≈ $59.63 Million	+6.35%
2004-12-31	CA$77.51 Million ≈ $56.07 Million	+22.78%
2003-12-31	CA$63.12 Million ≈ $45.66 Million	+8.90%
2002-12-31	CA$57.97 Million ≈ $41.93 Million	+158.04%
2001-12-31	CA$22.46 Million ≈ $16.25 Million	+56.37%
2000-12-31	CA$14.37 Million ≈ $10.39 Million	+101.16%
1999-12-31	CA$7.14 Million ≈ $5.17 Million	+709.88%
1998-12-31	CA$881.87K ≈ $637.93K	-69.90%
1997-12-31	CA$2.93 Million ≈ $2.12 Million	-81.21%
1996-12-31	CA$15.59 Million ≈ $11.28 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Pulse Seismic 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 3798396700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$70.48 Million	385.26%
Other Components	CA$2.13 Million	11.64%
Total Equity	CA$18.30 Million	100.00%

Pulse Seismic Inc Competitors by Market Cap

The table below lists competitors of Pulse Seismic Inc ranked by their market capitalization.

Company	Market Cap
Lucid Diagnostics Inc NASDAQ:LUCD	$142.90 Million
Sarana Mitra Luas JK:SMIL	$142.90 Million
Den Networks Limited NSE:DEN	$142.98 Million
REDELFI SPA F:B0Z	$143.02 Million
Betmakers Technology Group Ltd AU:BET	$142.68 Million
KOMPLETT ASA NK -40 F:GJ60	$142.67 Million
Cashbil JSE:CSB	$142.64 Million
SKYX Platforms Corp NASDAQ:SKYX	$142.61 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Pulse Seismic Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 25,655,000 to 18,295,000, a change of -7,360,000 (-28.7%).
Net income of 3,391,000 contributed positively to equity growth.
Dividend payments of 16,094,000 reduced retained earnings.
Share repurchases of 3,880,000 reduced equity.
Other factors increased equity by 9,223,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$3.39 Million	+18.54%
Dividends Paid	CA$16.09 Million	-87.97%
Share Repurchases	CA$3.88 Million	-21.21%
Other Changes	CA$9.22 Million	+50.41%
Total Change	CA$-	-28.69%

Book Value vs Market Value Analysis

This analysis compares Pulse Seismic 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: 10.94x
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 0.48x to 10.94x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1996-12-31	CA$8.18	CA$3.89	x
1997-12-31	CA$1.45	CA$3.89	x
1998-12-31	CA$0.44	CA$3.89	x
1999-12-31	CA$0.73	CA$3.89	x
2000-12-31	CA$1.37	CA$3.89	x
2001-12-31	CA$1.40	CA$3.89	x
2002-12-31	CA$1.52	CA$3.89	x
2003-12-31	CA$1.58	CA$3.89	x
2004-12-31	CA$1.79	CA$3.89	x
2005-12-31	CA$1.78	CA$3.89	x
2006-12-31	CA$1.60	CA$3.89	x
2007-12-31	CA$1.52	CA$3.89	x
2008-12-31	CA$1.22	CA$3.89	x
2009-12-31	CA$1.19	CA$3.89	x
2010-12-31	CA$1.44	CA$3.89	x
2011-12-31	CA$1.25	CA$3.89	x
2012-12-31	CA$1.54	CA$3.89	x
2013-12-31	CA$1.09	CA$3.89	x
2014-12-31	CA$0.99	CA$3.89	x
2015-12-31	CA$0.80	CA$3.89	x
2016-12-31	CA$0.69	CA$3.89	x
2017-12-31	CA$0.69	CA$3.89	x
2018-12-31	CA$0.65	CA$3.89	x
2019-12-31	CA$0.59	CA$3.89	x
2020-12-31	CA$0.47	CA$3.89	x
2021-12-31	CA$0.82	CA$3.89	x
2022-12-31	CA$0.62	CA$3.89	x
2023-12-31	CA$0.48	CA$3.89	x
2024-12-31	CA$0.36	CA$3.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pulse Seismic 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): 18.54%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.50%
• Asset Turnover: 1.09x
• Equity Multiplier: 1.18x
Recent ROE (18.54%) is above the historical average (-14.76%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1996	-12.74%	-198647800.00%	0.00x	1.08x	CA$-3.55 Million
1997	-463.84%	-1358757000.00%	0.00x	1.07x	CA$-13.88 Million
1998	-96.07%	-84718500.00%	0.00x	1.02x	CA$-935.37K
1999	2.14%	9.28%	0.11x	2.01x	CA$-561.19K
2000	15.37%	21.95%	0.36x	1.95x	CA$771.30K
2001	24.22%	22.09%	0.81x	1.36x	CA$3.19 Million
2002	10.55%	19.35%	0.32x	1.71x	CA$321.20K
2003	9.50%	16.88%	0.33x	1.72x	CA$-313.50K
2004	9.96%	15.06%	0.47x	1.40x	CA$-31.70K
2005	7.87%	11.88%	0.42x	1.57x	CA$-1.76 Million
2006	-4.37%	-7.37%	0.34x	1.72x	CA$-10.83 Million
2007	-6.29%	-11.27%	0.36x	1.57x	CA$-12.90 Million
2008	0.88%	1.29%	0.40x	1.70x	CA$-6.04 Million
2009	-4.35%	-8.96%	0.31x	1.55x	CA$-9.09 Million
2010	-1.65%	-4.10%	0.21x	1.89x	CA$-9.54 Million
2011	6.26%	10.11%	0.34x	1.81x	CA$-3.10 Million
2012	28.43%	31.78%	0.53x	1.68x	CA$17.79 Million
2013	-28.55%	-46.49%	0.41x	1.49x	CA$-25.43 Million
2014	5.96%	9.73%	0.47x	1.29x	CA$-2.36 Million
2015	-11.69%	-21.72%	0.45x	1.20x	CA$-9.85 Million
2016	-19.38%	-52.24%	0.32x	1.16x	CA$-11.35 Million
2017	39.90%	34.66%	0.84x	1.37x	CA$11.31 Million
2018	-4.91%	-16.98%	0.26x	1.10x	CA$-5.25 Million
2019	-10.67%	-14.12%	0.35x	2.18x	CA$-6.61 Million
2020	-26.86%	-59.79%	0.20x	2.25x	CA$-9.31 Million
2021	48.74%	43.77%	0.93x	1.20x	CA$17.10 Million
2022	-23.61%	-82.62%	0.27x	1.05x	CA$-11.26 Million
2023	58.50%	38.35%	0.95x	1.61x	CA$12.44 Million
2024	18.54%	14.50%	1.09x	1.18x	CA$1.56 Million

Industry Comparison

This section compares Pulse Seismic Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

Industry Context

Industry: Oil & Gas Equipment & Services
Average net assets among peers: $250,452,260
Average return on equity (ROE) among peers: -15.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pulse Seismic Inc (PSD)	CA$16.64 Million	-12.74%	0.37x	$142.82 Million
Bri-Chem Corp. (BRY)	$35.24 Million	-40.74%	1.10x	$6.61 Million
CES Energy Solutions Corp (CEU)	$609.05 Million	15.63%	1.32x	$2.92 Billion
Calfrac Well Services Ltd. (CFW)	$328.84 Million	-25.18%	1.72x	$387.05 Million
Enterprise Group Inc (E)	$51.99 Million	-1.80%	0.57x	$83.04 Million
Enerflex Ltd. (EFX)	$1.02 Billion	6.90%	1.10x	$2.31 Billion
HTC Purenergy Inc. (HTC)	$21.80 Million	-16.58%	0.56x	$1.03 Million
High Arctic Energy Services Inc. (HWO)	$115.23 Million	-31.75%	0.16x	$7.90 Million
Mattr Corp (MATR)	$134.80 Million	10.46%	0.33x	$421.70 Million
Mccoy Global Inc (MCB)	$59.80 Million	-60.07%	0.17x	$50.41 Million
North American Construction Group Ltd (NOA)	$127.78 Million	-16.56%	4.87x	$400.31 Million

About Pulse Seismic Inc

TO:PSD Canada Oil & Gas Equipment & Services

Market Cap

$142.82 Million

CA$197.44 Million CAD

Market Cap Rank

#17823 Global

#575 in Canada

Share Price

CA$3.89

Change (1 day)

-2.26%

52-Week Range

CA$2.50 - CA$5.12

All Time High

CA$5.12