Cathedra Bitcoin Inc (CBIT) - Net Assets
Based on the latest financial reports, Cathedra Bitcoin Inc (CBIT) has net assets worth CA$26.38 Million CAD (≈ $19.08 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$36.84 Million ≈ $26.65 Million USD) and total liabilities (CA$10.46 Million ≈ $7.57 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 CBIT financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$26.38 Million |
| % of Total Assets | 71.61% |
| Annual Growth Rate | 88.26% |
| 5-Year Change | 173.26% |
| 10-Year Change | N/A |
| Growth Volatility | 717.14 |
Cathedra Bitcoin Inc - Net Assets Trend (2017–2024)
This chart illustrates how Cathedra Bitcoin Inc's net assets have evolved over time, based on quarterly financial data. Also explore CBIT asset base for the complete picture of this company's asset base.
Annual Net Assets for Cathedra Bitcoin Inc (2017–2024)
The table below shows the annual net assets of Cathedra Bitcoin Inc from 2017 to 2024. For live valuation and market cap data, see Cathedra Bitcoin Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$43.80 Million ≈ $31.68 Million |
+373.24% |
| 2023-12-31 | CA$9.25 Million ≈ $6.69 Million |
+93.82% |
| 2022-12-31 | CA$4.77 Million ≈ $3.45 Million |
-86.19% |
| 2021-12-31 | CA$34.59 Million ≈ $25.02 Million |
+115.79% |
| 2020-12-31 | CA$16.03 Million ≈ $11.59 Million |
+45.34% |
| 2019-12-31 | CA$11.03 Million ≈ $7.98 Million |
-4.20% |
| 2018-12-31 | CA$11.51 Million ≈ $8.33 Million |
+2103.78% |
| 2017-12-31 | CA$522.34K ≈ $377.86K |
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Equity Component Analysis
This analysis shows how different components contribute to Cathedra Bitcoin 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 grown by 308511400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$3.02 Million | 10.68% |
| Other Components | CA$25.26 Million | 89.32% |
| Total Equity | CA$28.28 Million | 100.00% |
Cathedra Bitcoin Inc Competitors by Market Cap
The table below lists competitors of Cathedra Bitcoin Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Melar Acquisition Corp. I Warrant
NASDAQ:MACIW
|
$1.91 Million |
|
Bastion Minerals Ltd
AU:BMO
|
$1.91 Million |
|
Scancell Hldgs Plc
LSE:SCLP
|
$1.91 Million |
|
Binakarya Jaya Abadi Tbk PT
JK:BIKA
|
$1.91 Million |
|
Baiya International Group Inc. Ordinary Shares
NASDAQ:BIYA
|
$1.90 Million |
|
DMC Mining Ltd
AU:DMM
|
$1.90 Million |
|
L Agence Automobiliere SA
PA:MLAA
|
$1.90 Million |
|
Radaan Mediaworks India Limited
NSE:RADAAN
|
$1.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathedra Bitcoin Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,254,653 to 28,276,386, a change of 19,021,733 (205.5%).
- Net income of 673,835 contributed positively to equity growth.
- Other factors increased equity by 18,347,898.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$673.84K | +2.38% |
| Other Changes | CA$18.35 Million | +64.89% |
| Total Change | CA$- | 205.54% |
Book Value vs Market Value Analysis
This analysis compares Cathedra Bitcoin 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: 2.82x
- 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 43.10x to 2.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.01 | CA$0.33 | x |
| 2018-12-31 | CA$0.16 | CA$0.33 | x |
| 2019-12-31 | CA$0.15 | CA$0.33 | x |
| 2020-12-31 | CA$0.23 | CA$0.33 | x |
| 2021-12-31 | CA$0.41 | CA$0.33 | x |
| 2022-12-31 | CA$0.04 | CA$0.33 | x |
| 2023-12-31 | CA$0.04 | CA$0.33 | x |
| 2024-12-31 | CA$0.12 | CA$0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathedra Bitcoin Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.91%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.52x
- Recent ROE (2.38%) is above the historical average (-125.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -16.54% | 0.00% | 0.00x | 1.04x | CA$-138.62K |
| 2018 | -98.68% | -492.47% | 0.20x | 1.02x | CA$-12.51 Million |
| 2019 | -9.62% | -63.04% | 0.15x | 1.02x | CA$-2.16 Million |
| 2020 | 31.53% | 492.46% | 0.06x | 1.06x | CA$3.45 Million |
| 2021 | 2.08% | 9.21% | 0.13x | 1.69x | CA$-2.74 Million |
| 2022 | -943.08% | -511.19% | 0.34x | 5.40x | CA$-45.51 Million |
| 2023 | 27.95% | 17.30% | 0.79x | 2.04x | CA$1.66 Million |
| 2024 | 2.38% | 2.91% | 0.33x | 2.52x | CA$-2.15 Million |
Industry Comparison
This section compares Cathedra Bitcoin Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $103,675,811
- Average return on equity (ROE) among peers: -354.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cathedra Bitcoin Inc (CBIT) | CA$26.38 Million | -16.54% | 0.40x | $1.91 Million |
| BlockMint Technologies Inc (BKMT) | $1.62 Million | -9.68% | 0.02x | $1.40 Million |
| Bitcoin Well Inc (BTCW) | $-12.99 Million | 0.00% | 0.00x | $17.93 Million |
| Canaccord Genuity Group Inc (CF) | $756.89 Million | 13.18% | 5.73x | $878.22 Million |
| CryptoStar Corp (CSTR) | $3.68 Million | -124.73% | 1.05x | $2.12 Million |
| Currency Exchange International Corp (CXI) | $62.72 Million | 6.74% | 0.17x | $110.89 Million |
| DeFi Technologies Inc. (DEFI) | $341.77K | -2865.66% | 4.70x | $295.89 Million |
| DelphX Capital Markets Inc (DELX) | $142.51K | -119.24% | 0.31x | $4.64 Million |
| Digihost Technology Inc (DGHI) | $29.25 Million | -74.83% | 0.44x | $48.56 Million |
| Dmg Blockchain Solutions Inc (DMGI) | $91.43 Million | -18.57% | 0.06x | $44.04 Million |
About Cathedra Bitcoin Inc
Cathedra Bitcoin Inc. engages in the bitcoin mining and hosting business in North America. It develops and operates high-density compute infrastructure. The company is headquartered in Vancouver, Canada.