Transat AT Inc (TRZ) - Net Assets

Latest as of January 2026: CA$-674.33 Million CAD ≈ $-487.80 Million USD

Based on the latest financial reports, Transat AT Inc (TRZ) has net assets worth CA$-674.33 Million CAD (≈ $-487.80 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.87 Billion ≈ $2.08 Billion USD) and total liabilities (CA$3.54 Billion ≈ $2.56 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. Check TRZ intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$-674.33 Million
% of Total Assets	-23.5%
Annual Growth Rate	N/A
5-Year Change	N/A
10-Year Change	-238.9%
Growth Volatility	118.34

Transat AT Inc - Net Assets Trend (1993–2025)

This chart illustrates how Transat AT Inc's net assets have evolved over time, based on quarterly financial data. See Transat AT Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Transat AT Inc (1993–2025)

The table below shows the annual net assets of Transat AT Inc from 1993 to 2025. For live valuation and market cap data, see TRZ market cap overview.

Year	Net Assets	Change
2025-10-31	CA$-645.05 Million ≈ $-466.62 Million	+27.45%
2024-10-31	CA$-889.08 Million ≈ $-643.14 Million	-14.12%
2023-10-31	CA$-779.04 Million ≈ $-563.54 Million	-3.85%
2022-10-31	CA$-750.18 Million ≈ $-542.67 Million	-138.07%
2021-10-31	CA$-315.11 Million ≈ $-227.95 Million	-575.23%
2020-10-31	CA$66.31 Million ≈ $47.97 Million	-87.60%
2019-10-31	CA$534.78 Million ≈ $386.85 Million	-10.78%
2018-10-31	CA$599.37 Million ≈ $433.58 Million	+3.72%
2017-10-31	CA$577.87 Million ≈ $418.02 Million	+24.44%
2016-10-31	CA$464.39 Million ≈ $335.93 Million	-13.56%
2015-10-31	CA$537.25 Million ≈ $388.64 Million	+11.24%
2014-10-31	CA$482.95 Million ≈ $349.36 Million	+9.41%
2013-10-31	CA$441.39 Million ≈ $319.30 Million	+19.58%
2012-10-31	CA$369.13 Million ≈ $267.02 Million	-14.68%
2011-10-31	CA$432.62 Million ≈ $312.95 Million	-1.47%
2010-10-31	CA$439.07 Million ≈ $317.62 Million	+19.52%
2009-10-31	CA$367.36 Million ≈ $265.74 Million	+7.42%
2008-10-31	CA$341.99 Million ≈ $247.39 Million	+20.90%
2007-10-31	CA$282.87 Million ≈ $204.62 Million	-4.42%
2006-10-31	CA$295.96 Million ≈ $214.10 Million	-24.71%
2005-10-31	CA$393.12 Million ≈ $284.37 Million	+16.46%
2004-10-31	CA$337.56 Million ≈ $244.19 Million	+27.95%
2003-10-31	CA$263.82 Million ≈ $190.84 Million	+24.87%
2002-10-31	CA$211.28 Million ≈ $152.83 Million	+42.95%
2001-10-31	CA$147.80 Million ≈ $106.92 Million	-36.42%
2000-10-31	CA$232.46 Million ≈ $168.16 Million	+13.87%
1999-10-31	CA$204.15 Million ≈ $147.68 Million	+11.76%
1998-10-31	CA$182.67 Million ≈ $132.14 Million	+11.10%
1997-10-31	CA$164.42 Million ≈ $118.94 Million	+210.26%
1996-10-31	CA$52.99 Million ≈ $38.34 Million	+47.62%
1995-10-31	CA$35.90 Million ≈ $25.97 Million	-9.80%
1994-10-31	CA$39.80 Million ≈ $28.79 Million	+20.97%
1993-10-31	CA$32.90 Million ≈ $23.80 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Transat AT 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 87676600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (October 2025)

Component	Amount	Percentage
Common Stock	CA$227.37 Million	%
Other Comprehensive Income	CA$8.75 Million	%
Total Equity	CA$-645.05 Million	100.00%

Transat AT Inc Competitors by Market Cap

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

Company	Market Cap
Ching Chan Optical Technology Co Ltd TWO:2070	$71.36 Million
NWF GROUP PLC LS-25 F:NYY	$71.42 Million
Ci&T Inc NYSE:CINT	$71.43 Million
Adhi Karya Persero Tbk JK:ADHI	$71.43 Million
Medicalg WAR:MDG	$71.35 Million
SG&G Corporation KQ:040610	$71.35 Million
09women Co. Ltd. KQ:366030	$71.31 Million
TV Today Network Limited NSE:TVTODAY	$71.30 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from -889,076,000 to -645,055,000, a change of 244,021,000.
Net income of 241,916,000 contributed positively to equity growth.
Share repurchases of 16,265,000 reduced equity.
New share issuances of 1,927,000 increased equity.
Other comprehensive income increased equity by 16,430,000.
Other factors increased equity by 13,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$241.92 Million	+37.5%
Share Repurchases	CA$16.27 Million	-2.52%
Share Issuances	CA$1.93 Million	+0.3%
Other Comprehensive Income	CA$16.43 Million	+2.55%
Other Changes	CA$13.00K	+0.0%
Total Change	CA$-	%

Book Value vs Market Value Analysis

This analysis compares Transat AT 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

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1993-10-31	CA$1.46	CA$2.42	x
1994-10-31	CA$1.74	CA$2.42	x
1995-10-31	CA$1.27	CA$2.42	x
1996-10-31	CA$6.42	CA$2.42	x
1997-10-31	CA$4.83	CA$2.42	x
1998-10-31	CA$5.18	CA$2.42	x
1999-10-31	CA$5.85	CA$2.42	x
2000-10-31	CA$7.17	CA$2.42	x
2001-10-31	CA$4.21	CA$2.42	x
2002-10-31	CA$6.02	CA$2.42	x
2003-10-31	CA$6.83	CA$2.42	x
2004-10-31	CA$7.63	CA$2.42	x
2005-10-31	CA$8.69	CA$2.42	x
2006-10-31	CA$8.32	CA$2.42	x
2007-10-31	CA$8.27	CA$2.42	x
2008-10-31	CA$10.33	CA$2.42	x
2009-10-31	CA$10.97	CA$2.42	x
2010-10-31	CA$11.56	CA$2.42	x
2011-10-31	CA$11.18	CA$2.42	x
2012-10-31	CA$9.60	CA$2.42	x
2013-10-31	CA$11.47	CA$2.42	x
2014-10-31	CA$12.37	CA$2.42	x
2015-10-31	CA$13.93	CA$2.42	x
2016-10-31	CA$12.59	CA$2.42	x
2017-10-31	CA$15.60	CA$2.42	x
2018-10-31	CA$15.96	CA$2.42	x
2019-10-31	CA$14.20	CA$2.42	x
2020-10-31	CA$1.76	CA$2.42	x
2021-10-31	CA$-8.35	CA$2.42	x
2022-10-31	CA$-19.83	CA$2.42	x
2023-10-31	CA$-20.35	CA$2.42	x
2024-10-31	CA$-22.89	CA$2.42	x
2025-10-31	CA$-15.49	CA$2.42	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Transat AT 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): 0.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.12%
• Asset Turnover: 1.32x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is above the historical average (-14.72%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1993	1.52%	0.11%	2.54x	5.33x	CA$-2.79 Million
1994	14.29%	1.07%	2.96x	4.50x	CA$1.68 Million
1995	65.50%	3.06%	3.21x	6.66x	CA$14.32 Million
1996	41.89%	2.85%	2.52x	5.83x	CA$16.90 Million
1997	15.43%	1.93%	2.82x	2.84x	CA$8.92 Million
1998	10.80%	1.39%	2.86x	2.72x	CA$1.46 Million
1999	14.71%	1.85%	2.98x	2.67x	CA$9.61 Million
2000	15.76%	1.91%	2.81x	2.94x	CA$13.39 Million
2001	-72.84%	-4.66%	3.45x	4.52x	CA$-112.55 Million
2002	3.99%	0.37%	2.69x	3.97x	CA$-11.75 Million
2003	18.62%	2.14%	2.93x	2.96x	CA$20.80 Million
2004	23.11%	3.29%	2.62x	2.67x	CA$41.10 Million
2005	15.30%	2.34%	2.49x	2.62x	CA$19.19 Million
2006	22.22%	2.53%	2.71x	3.24x	CA$36.17 Million
2007	28.45%	2.64%	2.78x	3.88x	CA$52.19 Million
2008	-14.62%	-1.42%	2.78x	3.70x	CA$-84.21 Million
2009	16.84%	1.74%	3.14x	3.07x	CA$25.11 Million
2010	14.94%	1.88%	2.94x	2.71x	CA$21.70 Million
2011	-2.88%	-0.33%	2.99x	2.88x	CA$-54.61 Million
2012	-4.55%	-0.45%	3.19x	3.18x	CA$-53.30 Million
2013	13.13%	1.59%	2.83x	2.92x	CA$13.82 Million
2014	4.74%	0.61%	2.73x	2.85x	CA$-25.42 Million
2015	7.92%	1.19%	2.36x	2.82x	CA$-11.16 Million
2016	-8.99%	-1.44%	2.26x	2.75x	CA$-88.19 Million
2017	23.24%	4.47%	2.07x	2.51x	CA$76.52 Million
2018	0.64%	0.13%	1.92x	2.60x	CA$-56.12 Million
2019	-5.71%	-1.04%	1.85x	2.96x	CA$-84.02 Million
2020	-749.19%	-38.15%	0.65x	30.41x	CA$-503.40 Million
2021	0.00%	-312.00%	0.07x	0.00x	CA$-357.93 Million
2022	0.00%	-27.12%	0.72x	0.00x	CA$-370.31 Million
2023	0.00%	-0.83%	1.19x	0.00x	CA$52.61 Million
2024	0.00%	-3.47%	1.19x	0.00x	CA$-25.12 Million
2025	0.00%	7.12%	1.32x	0.00x	CA$306.42 Million

Industry Comparison

This section compares Transat AT Inc's net assets metrics with peer companies in the Travel Services industry.

No peer company data available for comparison.

About Transat AT Inc

TO:TRZ Canada Travel Services

Market Cap

$71.36 Million

CA$98.65 Million CAD

Market Cap Rank

#20472 Global

#700 in Canada

Share Price

CA$2.42

Change (1 day)

+0.00%

52-Week Range

CA$2.11 - CA$3.25

All Time High

CA$16.84