Limestone Boat Company Ltd
The Limestone Boat Company Limited designs, manufactures, and distributes recreational and commercial powerboats. It sells its products under the Limestone, Boca Bay, and Aquasport brands. The company is headquartered in Collingwood, Canada.
Limestone Boat Company Ltd (BOAT) - Net Assets
Latest net assets as of December 2023: CA$-20.76 Million CAD
Based on the latest financial reports, Limestone Boat Company Ltd (BOAT) has net assets worth CA$-20.76 Million CAD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.45 Million) and total liabilities (CA$25.20 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-20.76 Million |
| % of Total Assets | -466.69% |
| Annual Growth Rate | 275.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Limestone Boat Company Ltd - Net Assets Trend (2021–2022)
This chart illustrates how Limestone Boat Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Limestone Boat Company Ltd (2021–2022)
The table below shows the annual net assets of Limestone Boat Company Ltd from 2021 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-03-31 | CA$820.28K | +275.15% |
| 2021-03-31 | CA$218.66K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Limestone Boat Company 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 1291560100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$15.35 Million | 1871.87% |
| Total Equity | CA$820.28K | 100.00% |
Limestone Boat Company Ltd Competitors by Market Cap
The table below lists competitors of Limestone Boat Company Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
E1DI34
SA:E1DI34
|
$414.99K |
|
PT SLJ Global Tbk
MU:LF9
|
$415.43K |
|
Clinomics Inc
KQ:352770
|
$416.24K |
|
Wang & Lee Group, Inc. Ordinary Shares
NASDAQ:WLGS
|
$416.49K |
|
Pool Safe Inc
PINK:PFFEF
|
$414.17K |
|
NGK SPARK PLUG
MU:NGK
|
$413.94K |
|
WESTAMER BANCORP
MU:WB1
|
$413.90K |
|
ZORDIX AB
F:8R7
|
$413.83K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Limestone Boat Company Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 218,657 to 820,283, a change of 601,626 (275.1%).
- Net loss of 12,915,601 reduced equity.
- New share issuances of 5,834,520 increased equity.
- Other factors increased equity by 7,682,707.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-12.92 Million | -1574.53% |
| Share Issuances | CA$5.83 Million | +711.28% |
| Other Changes | CA$7.68 Million | +936.59% |
| Total Change | CA$- | 275.15% |
Book Value vs Market Value Analysis
This analysis compares Limestone Boat Company 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: 0.72x
- 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 2.24x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | CA$0.00 | CA$0.01 | x |
| 2022-03-31 | CA$0.01 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Limestone Boat Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1574.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -197.08%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 22.33x
- Recent ROE (-1574.53%) is below the historical average (-1157.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -740.31% | -126.91% | 1.04x | 5.59x | CA$-1.64 Million |
| 2022 | -1574.53% | -197.08% | 0.36x | 22.33x | CA$-13.00 Million |
Industry Comparison
This section compares Limestone Boat Company Ltd's net assets metrics with peer companies in the Recreational Vehicles industry.
No peer company data available for comparison.