Quarterhill Inc (QTRH) - Net Assets

Latest as of September 2025: CA$115.66 Million CAD ≈ $83.67 Million USD

Based on the latest financial reports, Quarterhill Inc (QTRH) has net assets worth CA$115.66 Million CAD (≈ $83.67 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$220.38 Million ≈ $159.42 Million USD) and total liabilities (CA$104.72 Million ≈ $75.76 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 financial resilience of Quarterhill Inc to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$115.66 Million
% of Total Assets	52.48%
Annual Growth Rate	12.38%
5-Year Change	-51.78%
10-Year Change	-60.85%
Growth Volatility	127.46

Quarterhill Inc - Net Assets Trend (1998–2024)

This chart illustrates how Quarterhill Inc's net assets have evolved over time, based on quarterly financial data. Also explore how large is Quarterhill Inc's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Quarterhill Inc (1998–2024)

The table below shows the annual net assets of Quarterhill Inc from 1998 to 2024. For live valuation and market cap data, see Quarterhill Inc (QTRH) market capitalisation.

Year	Net Assets	Change
2024-12-31	CA$131.12 Million ≈ $94.85 Million	-31.01%
2023-12-31	CA$190.06 Million ≈ $137.48 Million	-26.24%
2022-12-31	CA$257.66 Million ≈ $186.39 Million	+6.86%
2021-12-31	CA$241.12 Million ≈ $174.42 Million	-11.33%
2020-12-31	CA$271.93 Million ≈ $196.71 Million	-1.83%
2019-12-31	CA$276.99 Million ≈ $200.37 Million	-0.73%
2018-12-31	CA$279.04 Million ≈ $201.85 Million	-12.82%
2017-12-31	CA$320.08 Million ≈ $231.54 Million	-2.46%
2016-12-31	CA$328.15 Million ≈ $237.38 Million	-2.03%
2015-12-31	CA$334.96 Million ≈ $242.30 Million	+17.41%
2014-12-31	CA$285.29 Million ≈ $206.37 Million	+5.86%
2013-12-31	CA$269.50 Million ≈ $194.95 Million	-7.31%
2012-12-31	CA$290.75 Million ≈ $210.32 Million	-14.01%
2011-12-31	CA$338.11 Million ≈ $244.58 Million	+41.40%
2010-12-31	CA$239.12 Million ≈ $172.97 Million	-0.83%
2009-12-31	CA$241.12 Million ≈ $174.42 Million	+6.85%
2008-12-31	CA$225.66 Million ≈ $163.24 Million	-3.17%
2007-12-31	CA$233.04 Million ≈ $168.58 Million	+438.52%
2006-12-31	CA$43.27 Million ≈ $31.30 Million	+296.43%
2005-12-31	CA$10.92 Million ≈ $7.90 Million	-72.36%
2004-12-31	CA$39.49 Million ≈ $28.57 Million	+13.23%
2003-12-31	CA$34.88 Million ≈ $25.23 Million	+138.25%
2002-12-31	CA$14.64 Million ≈ $10.59 Million	-6.55%
2001-12-31	CA$15.67 Million ≈ $11.33 Million	-81.02%
2000-12-31	CA$82.53 Million ≈ $59.70 Million	+363.68%
1999-12-31	CA$17.80 Million ≈ $12.88 Million	+182.54%
1998-12-31	CA$6.30 Million ≈ $4.56 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Quarterhill 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 31210100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$314.63 Million	239.95%
Other Comprehensive Income	CA$12.15 Million	9.26%
Other Components	CA$127.45 Million	97.20%
Total Equity	CA$131.12 Million	100.00%

Quarterhill Inc Competitors by Market Cap

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

Company	Market Cap
Hyundai Everdigm Corp KQ:041440	$111.24 Million
PepGen Ltd NASDAQ:PEPG	$111.28 Million
Suzhou Goldengreen Technologies Ltd SHE:002808	$111.31 Million
Rithm Property Trust Inc. NYSE:RPT	$111.38 Million
Electrotherm (India) Limited NSE:ELECTHERM	$111.23 Million
Silvaco Group, Inc. Common Stock NASDAQ:SVCO	$111.22 Million
Bhartiya International Limited NSE:BIL	$111.15 Million
Leoch International Technology Limited F:0LT	$111.14 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 190,056,000 to 131,123,000, a change of -58,933,000 (-31.0%).
Net loss of 11,022,000 reduced equity.
Other comprehensive income decreased equity by 2,208,000.
Other factors decreased equity by 45,703,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-11.02 Million	-8.41%
Other Comprehensive Income	CA$-2.21 Million	-1.68%
Other Changes	CA$-45.70 Million	-34.86%
Total Change	CA$-	-31.01%

Book Value vs Market Value Analysis

This analysis compares Quarterhill 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: 1.31x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.88x to 1.31x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-12-31	CA$0.38	CA$1.49	x
1999-12-31	CA$0.92	CA$1.49	x
2000-12-31	CA$3.40	CA$1.49	x
2001-12-31	CA$0.58	CA$1.49	x
2002-12-31	CA$0.48	CA$1.49	x
2003-12-31	CA$1.13	CA$1.49	x
2004-12-31	CA$0.95	CA$1.49	x
2005-12-31	CA$0.26	CA$1.49	x
2006-12-31	CA$0.89	CA$1.49	x
2007-12-31	CA$2.91	CA$1.49	x
2008-12-31	CA$2.41	CA$1.49	x
2009-12-31	CA$2.33	CA$1.49	x
2010-12-31	CA$2.31	CA$1.49	x
2011-12-31	CA$2.70	CA$1.49	x
2012-12-31	CA$2.39	CA$1.49	x
2013-12-31	CA$2.23	CA$1.49	x
2014-12-31	CA$2.37	CA$1.49	x
2015-12-31	CA$2.77	CA$1.49	x
2016-12-31	CA$2.75	CA$1.49	x
2017-12-31	CA$2.70	CA$1.49	x
2018-12-31	CA$2.35	CA$1.49	x
2019-12-31	CA$2.33	CA$1.49	x
2020-12-31	CA$2.32	CA$1.49	x
2021-12-31	CA$2.11	CA$1.49	x
2022-12-31	CA$2.25	CA$1.49	x
2023-12-31	CA$1.66	CA$1.49	x
2024-12-31	CA$1.14	CA$1.49	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Quarterhill 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): -8.41%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7.19%
• Asset Turnover: 0.67x
• Equity Multiplier: 1.75x
Recent ROE (-8.41%) is above the historical average (-40.64%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	-100.00%	-116.67%	0.68x	1.27x	CA$-6.93 Million
1999	-25.28%	-76.27%	0.28x	1.20x	CA$-6.28 Million
2000	-24.29%	-28.62%	0.47x	1.82x	CA$-25.61 Million
2001	-630.10%	-398.00%	0.48x	3.32x	CA$-100.28 Million
2002	-39.60%	-25.09%	0.92x	1.72x	CA$-7.26 Million
2003	-13.21%	-17.18%	0.60x	1.28x	CA$-8.09 Million
2004	-17.85%	-27.82%	0.47x	1.37x	CA$-11.00 Million
2005	-236.15%	-100.13%	1.01x	2.34x	CA$-26.87 Million
2006	32.60%	669.31%	0.05x	1.03x	CA$9.78 Million
2007	11.85%	45.07%	0.23x	1.13x	CA$4.31 Million
2008	-4.07%	-34.58%	0.10x	1.12x	CA$-31.75 Million
2009	4.27%	29.35%	0.14x	1.05x	CA$-13.83 Million
2010	-9.26%	-43.67%	0.20x	1.05x	CA$-46.06 Million
2011	9.60%	30.05%	0.18x	1.78x	CA$-1.35 Million
2012	-4.97%	-16.51%	0.27x	1.13x	CA$-43.52 Million
2013	-7.15%	-20.51%	0.26x	1.33x	CA$-46.22 Million
2014	3.95%	9.88%	0.31x	1.27x	CA$-17.26 Million
2015	4.16%	9.76%	0.35x	1.21x	CA$-19.57 Million
2016	4.53%	11.90%	0.33x	1.16x	CA$-17.96 Million
2017	4.02%	7.59%	0.44x	1.19x	CA$-19.15 Million
2018	-23.98%	-63.46%	0.33x	1.16x	CA$-94.81 Million
2019	4.97%	7.18%	0.59x	1.17x	CA$-13.95 Million
2020	1.63%	3.06%	0.48x	1.12x	CA$-22.77 Million
2021	-9.20%	-17.65%	0.29x	1.77x	CA$-46.29 Million
2022	1.07%	0.90%	0.74x	1.60x	CA$-23.00 Million
2023	-26.31%	-25.73%	0.59x	1.75x	CA$-69.00 Million
2024	-8.41%	-7.19%	0.67x	1.75x	CA$-24.13 Million

Industry Comparison

This section compares Quarterhill Inc's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $156,218,143
Average return on equity (ROE) among peers: -63.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Quarterhill Inc (QTRH)	CA$115.66 Million	-100.00%	0.91x	$111.23 Million
Bewhere Holdings Inc (BEW)	$6.78 Million	15.47%	0.06x	$51.67 Million
Baylin Technologies Inc (BYL)	$48.86 Million	-34.64%	1.73x	$28.71 Million
C-Com Satellite Systems Inc. (CMI)	$25.53 Million	6.55%	0.04x	$28.43 Million
Enablence Technologies Inc (ENA)	$-39.74 Million	0.00%	0.00x	$57.16 Million
Evertz Technologies Limited (ET)	$270.31 Million	37.26%	0.17x	$882.95 Million
Ironman International Ltd. (IMI)	$-169.76K	0.00%	0.00x	$12.49 Million
Lite Access Technologies Inc (LTE)	$598.15K	-487.38%	5.03x	$6.31 Million
Novra Technologies Inc (NVI)	$806.13K	-98.70%	9.01x	$2.66 Million
Telesat Corp (TSAT)	$1.09 Billion	-8.32%	4.38x	$701.13 Million

About Quarterhill Inc

TO:QTRH Canada Communication Equipment

Market Cap

$126.20 Million

CA$174.46 Million CAD

Market Cap Rank

#18770 Global

#627 in Canada

Share Price

CA$1.49

Change (1 day)

+1.36%

52-Week Range

CA$0.89 - CA$1.63

All Time High

CA$3.18