Tidewater Midstream and Infrastructure Ltd (TWM) - Net Assets
Based on the latest financial reports, Tidewater Midstream and Infrastructure Ltd (TWM) has net assets worth CA$251.10 Million CAD (≈ $181.64 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$1.14 Billion ≈ $821.62 Million USD) and total liabilities (CA$884.70 Million ≈ $639.98 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 Tidewater Midstream and Infrastructure L liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$251.10 Million |
| % of Total Assets | 22.11% |
| Annual Growth Rate | 5.32% |
| 5-Year Change | -22.33% |
| 10-Year Change | N/A |
| Growth Volatility | 35.27 |
Tidewater Midstream and Infrastructure Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Tidewater Midstream and Infrastructure Ltd's net assets have evolved over time, based on quarterly financial data. Also explore TWM total assets for the complete picture of this company's asset base.
Annual Net Assets for Tidewater Midstream and Infrastructure Ltd (2015–2024)
The table below shows the annual net assets of Tidewater Midstream and Infrastructure Ltd from 2015 to 2024. For live valuation and market cap data, see Tidewater Midstream and Infrastructure L (TWM) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$333.00 Million ≈ $240.89 Million |
-2.20% |
| 2023-12-31 | CA$340.50 Million ≈ $246.31 Million |
-54.37% |
| 2022-12-31 | CA$746.30 Million ≈ $539.86 Million |
+16.11% |
| 2021-12-31 | CA$642.75 Million ≈ $464.96 Million |
+49.92% |
| 2020-12-31 | CA$428.73 Million ≈ $310.14 Million |
-5.16% |
| 2019-12-31 | CA$452.04 Million ≈ $327.00 Million |
-1.22% |
| 2018-12-31 | CA$457.60 Million ≈ $331.02 Million |
+3.67% |
| 2017-12-31 | CA$441.41 Million ≈ $319.31 Million |
+17.74% |
| 2016-12-31 | CA$374.92 Million ≈ $271.21 Million |
+79.55% |
| 2015-12-31 | CA$208.80 Million ≈ $151.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tidewater Midstream and Infrastructure Ltd'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 5735.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$543.50 Million | 187.03% |
| Other Comprehensive Income | CA$26.60 Million | 9.15% |
| Total Equity | CA$290.60 Million | 100.00% |
Tidewater Midstream and Infrastructure Ltd Competitors by Market Cap
The table below lists competitors of Tidewater Midstream and Infrastructure Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Net Insight AB (publ)
ST:NETI-B
|
$121.62 Million |
|
Selectquote Inc
NYSE:SLQT
|
$121.64 Million |
|
FinLab AG
F:A7A
|
$121.66 Million |
|
Norstar
TA:NSTR
|
$121.70 Million |
|
Min Aik Technology Co Ltd
TW:3060
|
$121.57 Million |
|
Tavia Acquisition Corp. Ordinary Shares
NASDAQ:TAVI
|
$121.56 Million |
|
SaraminHR Co.Ltd
KQ:143240
|
$121.52 Million |
|
China Electric Manufacturing Corp
TW:1611
|
$121.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tidewater Midstream and Infrastructure Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 305,900,000 to 290,600,000, a change of -15,300,000 (-5.0%).
- Net loss of 26,600,000 reduced equity.
- Share repurchases of 1,000,000 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income increased equity by 8,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-26.60 Million | -9.15% |
| Share Repurchases | CA$1.00 Million | -0.34% |
| Share Issuances | CA$1.00 Million | +0.34% |
| Other Comprehensive Income | CA$8.60 Million | +2.96% |
| Other Changes | CA$2.70 Million | +0.93% |
| Total Change | CA$- | -5.00% |
Book Value vs Market Value Analysis
This analysis compares Tidewater Midstream and Infrastructure Ltd'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: 21.56x
- 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 18.76x to 21.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CA$0.78 | CA$14.59 | x |
| 2016-12-31 | CA$1.40 | CA$14.59 | x |
| 2017-12-31 | CA$1.31 | CA$14.59 | x |
| 2018-12-31 | CA$1.33 | CA$14.59 | x |
| 2019-12-31 | CA$1.35 | CA$14.59 | x |
| 2020-12-31 | CA$1.26 | CA$14.59 | x |
| 2021-12-31 | CA$1.50 | CA$14.59 | x |
| 2022-12-31 | CA$1.85 | CA$14.59 | x |
| 2023-12-31 | CA$0.72 | CA$14.59 | x |
| 2024-12-31 | CA$0.68 | CA$14.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tidewater Midstream and Infrastructure Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.62%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 4.27x
- Recent ROE (-9.15%) is above the historical average (-11.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 4.05% | 39.27% | 0.07x | 1.43x | CA$-12.41 Million |
| 2016 | 4.04% | 13.76% | 0.19x | 1.55x | CA$-22.36 Million |
| 2017 | 2.91% | 5.80% | 0.24x | 2.12x | CA$-31.29 Million |
| 2018 | 4.49% | 6.27% | 0.26x | 2.72x | CA$-24.95 Million |
| 2019 | -3.45% | -2.24% | 0.34x | 4.52x | CA$-60.36 Million |
| 2020 | -8.24% | -3.59% | 0.53x | 4.37x | CA$-77.85 Million |
| 2021 | 11.59% | 4.21% | 0.86x | 3.20x | CA$9.83 Million |
| 2022 | 2.69% | 0.66% | 1.26x | 3.23x | CA$-51.43 Million |
| 2023 | -126.15% | -17.47% | 1.38x | 5.24x | CA$-416.49 Million |
| 2024 | -9.15% | -1.62% | 1.32x | 4.27x | CA$-55.66 Million |
Industry Comparison
This section compares Tidewater Midstream and Infrastructure Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $8,642,593,158
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tidewater Midstream and Infrastructure Ltd (TWM) | CA$251.10 Million | 4.05% | 3.52x | $121.58 Million |
| AltaGas Ltd (ALA) | $3.57 Billion | 3.64% | 1.35x | $11.75 Billion |
| Enbridge Inc (ENB) | $13.76 Billion | 5.20% | 2.43x | $117.71 Billion |
| Gibson Energy Inc. (GEI) | $758.23 Million | 19.92% | 2.71x | $3.54 Billion |
| Keyera Corp. (KEY) | $2.78 Billion | 15.26% | 2.16x | $8.76 Billion |
| Pembina Pipeline Corp (PPL) | $13.85 Billion | 6.38% | 0.85x | $26.58 Billion |
| South Bow Corporation (SOBO) | $2.70 Billion | 16.29% | 3.13x | $7.13 Billion |
| Source Rock Royalties Ltd (SRR) | $27.44 Million | 9.32% | 0.05x | $32.97 Million |
| Topaz Energy Corp (TPZ) | $1.32 Billion | 2.08% | 0.26x | $3.48 Billion |
| TC Energy Corp (TRP) | $39.01 Billion | 7.49% | 2.21x | $68.30 Billion |
About Tidewater Midstream and Infrastructure Ltd
Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in western Canada and the United States. The company primarily focuses on processing natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services, as well as refining of light oil. It also engages in the sale of refined petroleum products, includi… Read more