Appulse Corp Net Assets
Appulse Corp net assets. Based on the latest financial reports, Appulse Corp (APL) has net assets worth CA$4.02 Million CAD (≈ $2.91 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$4.08 Million ≈ $2.95 Million USD) and total liabilities (CA$64.25K ≈ $46.48K 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. Also explore how fast is Appulse Corp growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.02 Million |
| % of Total Assets | 98.43% |
| Annual Growth Rate | 17.48% |
| 5-Year Change | -25.76% |
| 10-Year Change | 37.27% |
| Growth Volatility | 251.94 |
Net Assets of Appulse Corp (2002–2024)
Net assets of Appulse Corp from 2002 to 2024. This chart illustrates how Appulse Corp's net assets have evolved over time, based on quarterly financial data. See APL equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Appulse Corp (2002–2024)
The table below shows the annual net assets of Appulse Corp from 2002 to 2024. For live market cap and overall valuation, see Appulse Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.09 Million ≈ $2.96 Million |
-51.11% |
| 2023-12-31 | CA$8.36 Million ≈ $6.05 Million |
+26.55% |
| 2022-12-31 | CA$6.61 Million ≈ $4.78 Million |
+5.74% |
| 2021-12-31 | CA$6.25 Million ≈ $4.52 Million |
+13.48% |
| 2020-12-31 | CA$5.51 Million ≈ $3.98 Million |
+25.23% |
| 2019-12-31 | CA$4.40 Million ≈ $3.18 Million |
+27.83% |
| 2018-12-31 | CA$3.44 Million ≈ $2.49 Million |
+6.93% |
| 2017-12-31 | CA$3.22 Million ≈ $2.33 Million |
+2.90% |
| 2016-12-31 | CA$3.13 Million ≈ $2.26 Million |
+4.97% |
| 2015-12-31 | CA$2.98 Million ≈ $2.15 Million |
+5.73% |
| 2014-12-31 | CA$2.82 Million ≈ $2.04 Million |
+5.65% |
| 2013-12-31 | CA$2.67 Million ≈ $1.93 Million |
-7.68% |
| 2012-12-31 | CA$2.89 Million ≈ $2.09 Million |
+8.60% |
| 2011-12-31 | CA$2.66 Million ≈ $1.92 Million |
0.00% |
| 2010-12-31 | CA$2.66 Million ≈ $1.92 Million |
-5.38% |
| 2009-12-31 | CA$2.81 Million ≈ $2.03 Million |
-17.78% |
| 2008-12-31 | CA$3.42 Million ≈ $2.47 Million |
-5.04% |
| 2007-12-31 | CA$3.60 Million ≈ $2.60 Million |
+44.02% |
| 2006-12-31 | CA$2.50 Million ≈ $1.81 Million |
+34.95% |
| 2005-12-31 | CA$1.85 Million ≈ $1.34 Million |
-4.87% |
| 2004-12-31 | CA$1.95 Million ≈ $1.41 Million |
+25.55% |
| 2003-12-31 | CA$1.55 Million ≈ $1.12 Million |
+1212.84% |
| 2002-12-31 | CA$118.12K ≈ $85.44K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Appulse Corp'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 grown by 318473100.0% over the analyzed period, indicating profitable operations and earnings retention.
Appulse Corp Net Assets Breakdown (December 2024)
Appulse Corp net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$3.18 Million | 77.85% |
| Other Components | CA$905.60K | 22.15% |
| Total Equity | CA$4.09 Million | 100.00% |
Appulse Corp Competitors by Market Cap
The table below lists competitors of Appulse Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nexera Energy Inc
V:NGY
|
$2.46 Million |
|
ROUTE1 INC.
F:3R6N
|
$2.46 Million |
|
Lanesborough Real Estate Investment Trust
V:LRT-UN
|
$2.46 Million |
|
Nuwellis Inc
NASDAQ:NUWE
|
$2.46 Million |
|
Henry Boot PLC
LSE:BOOT
|
$2.46 Million |
|
Nanocap Group AB Series B
ST:NANOC-B
|
$2.46 Million |
|
Permaju Industries Bhd
KLSE:7080
|
$2.46 Million |
|
Nilsson Special Vehicles publ AB
ST:NILS
|
$2.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Appulse Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,361,437 to 4,087,696, a change of -4,273,741 (-51.1%).
- Net loss of 144,544 reduced equity.
- Dividend payments of 2,215,891 reduced retained earnings.
- Share repurchases of 1,994,306 reduced equity.
- Other factors increased equity by 81,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-144.54K | -3.54% |
| Dividends Paid | CA$2.22 Million | -54.21% |
| Share Repurchases | CA$1.99 Million | -48.79% |
| Other Changes | CA$81.00K | +1.98% |
| Total Change | CA$- | -51.11% |
Book Value vs Market Value Analysis
This analysis compares Appulse Corp'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: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.77x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CA$0.08 | CA$0.23 | x |
| 2003-12-31 | CA$0.25 | CA$0.23 | x |
| 2004-12-31 | CA$0.18 | CA$0.23 | x |
| 2005-12-31 | CA$0.18 | CA$0.23 | x |
| 2006-12-31 | CA$0.23 | CA$0.23 | x |
| 2007-12-31 | CA$0.28 | CA$0.23 | x |
| 2008-12-31 | CA$0.26 | CA$0.23 | x |
| 2009-12-31 | CA$0.22 | CA$0.23 | x |
| 2010-12-31 | CA$0.21 | CA$0.23 | x |
| 2011-12-31 | CA$0.21 | CA$0.23 | x |
| 2012-12-31 | CA$0.22 | CA$0.23 | x |
| 2013-12-31 | CA$0.21 | CA$0.23 | x |
| 2014-12-31 | CA$0.21 | CA$0.23 | x |
| 2015-12-31 | CA$0.23 | CA$0.23 | x |
| 2016-12-31 | CA$0.24 | CA$0.23 | x |
| 2017-12-31 | CA$0.24 | CA$0.23 | x |
| 2018-12-31 | CA$0.25 | CA$0.23 | x |
| 2019-12-31 | CA$0.32 | CA$0.23 | x |
| 2020-12-31 | CA$0.38 | CA$0.23 | x |
| 2021-12-31 | CA$0.43 | CA$0.23 | x |
| 2022-12-31 | CA$0.46 | CA$0.23 | x |
| 2023-12-31 | CA$0.57 | CA$0.23 | x |
| 2024-12-31 | CA$0.28 | CA$0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Appulse Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-3.54%) is below the historical average (2.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -2.23% | 0.00% | 0.00x | 1.06x | CA$-14.45K |
| 2003 | 10.79% | 4.85% | 0.87x | 2.56x | CA$12.20K |
| 2004 | -45.85% | -20.48% | 1.00x | 2.25x | CA$-1.09 Million |
| 2005 | 12.12% | 3.79% | 1.34x | 2.39x | CA$39.18K |
| 2006 | 8.02% | 3.33% | 1.10x | 2.19x | CA$-49.61K |
| 2007 | 29.43% | 14.69% | 1.05x | 1.90x | CA$671.65K |
| 2008 | -5.35% | -2.68% | 1.04x | 1.92x | CA$-507.69K |
| 2009 | -22.72% | -11.54% | 0.88x | 2.24x | CA$-888.48K |
| 2010 | -5.31% | -2.27% | 1.12x | 2.08x | CA$-396.96K |
| 2011 | 2.12% | 0.90% | 1.13x | 2.08x | CA$-204.25K |
| 2012 | 5.30% | 2.10% | 1.18x | 2.15x | CA$-133.70K |
| 2013 | -11.42% | -4.50% | 1.01x | 2.51x | CA$-563.13K |
| 2014 | 4.32% | 1.59% | 1.22x | 2.23x | CA$-159.94K |
| 2015 | 5.40% | 1.92% | 1.34x | 2.10x | CA$-136.85K |
| 2016 | 4.05% | 1.57% | 1.20x | 2.15x | CA$-186.12K |
| 2017 | 1.52% | 0.58% | 1.15x | 2.28x | CA$-272.63K |
| 2018 | 4.87% | 1.72% | 1.30x | 2.18x | CA$-176.39K |
| 2019 | 19.53% | 7.74% | 1.15x | 2.19x | CA$419.02K |
| 2020 | 19.90% | 10.47% | 1.05x | 1.82x | CA$545.09K |
| 2021 | 11.88% | 8.04% | 0.89x | 1.66x | CA$117.46K |
| 2022 | 3.60% | 2.27% | 1.01x | 1.57x | CA$-423.17K |
| 2023 | 7.69% | 0.00% | 0.00x | 1.08x | CA$-193.32K |
| 2024 | -3.54% | 0.00% | 0.00x | 1.02x | CA$-553.31K |
Industry Comparison
This section compares Appulse Corp's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $11,156,401
- Average return on equity (ROE) among peers: -4.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Appulse Corp (APL) | CA$4.02 Million | -2.23% | 0.02x | $2.46 Million |
| BioRem Inc. (BRM) | $11.72 Million | -11.11% | 0.50x | $42.79 Million |
| Questor Technology Inc. (QST) | $35.33 Million | 21.02% | 0.19x | $5.42 Million |
| Sparta Capital Ltd (SAY) | $-1.76 Million | 0.00% | 0.00x | $3.61 Million |
| Thermal Energy International Inc. (TMG) | $10.52 Million | -30.48% | 0.19x | $19.17 Million |
| Current Water Technologies Inc (WATR) | $-27.82K | 0.00% | 0.00x | $1.66 Million |
About Appulse Corp
Appulse Corporation does not have significant operations. Previously, it was engaged in selling new and refurbished centrifuge machines and parts; renting centrifuge equipment; and providing maintenance, consulting, and design advice to industries. Appulse Corporation is based in Calgary, Canada.