Carespan Health Inc (CSPN) - Net Assets

Latest as of March 2025: CA$-2.92 Million CAD ≈ $-2.11 Million USD

Based on the latest financial reports, Carespan Health Inc (CSPN) has net assets worth CA$-2.92 Million CAD (≈ $-2.11 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$116.81K ≈ $84.50K USD) and total liabilities (CA$3.04 Million ≈ $2.20 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. Read CSPN total liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$-2.92 Million
% of Total Assets	-2500.9%
Annual Growth Rate	N/A
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	N/A

Carespan Health Inc - Net Assets Trend (2021–2024)

This chart illustrates how Carespan Health Inc's net assets have evolved over time, based on quarterly financial data. Also explore CSPN asset base for the complete picture of this company's asset base.

Annual Net Assets for Carespan Health Inc (2021–2024)

The table below shows the annual net assets of Carespan Health Inc from 2021 to 2024. For live valuation and market cap data, see Carespan Health Inc (CSPN) total market value.

Year	Net Assets	Change
2024-12-31	CA$-2.82 Million ≈ $-2.04 Million	-23.33%
2023-12-31	CA$-2.29 Million ≈ $-1.65 Million	-158.29%
2022-12-31	CA$-885.02K ≈ $-640.21K	-26.52%
2021-12-31	CA$-699.52K ≈ $-506.03K	--

Equity Component Analysis

This analysis shows how different components contribute to Carespan Health 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 535741800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	CA$18.99 Million	%
Total Equity	CA$-2.82 Million	100.00%

Carespan Health Inc Competitors by Market Cap

The table below lists competitors of Carespan Health Inc ranked by their market capitalization.

Company	Market Cap
Leju Holdings Limited NYSE:LEJUY	$689.20K
Baumart Holdings Ltd AU:BMH	$691.89K
SecUR Credentials Limited NSE:SECURCRED	$692.76K
Bitcoin Fund Unit TO:QBTC	$693.23K
Longevity Health Holdings, Inc. NASDAQ:XAGE	$688.14K
Manitex Capital Inc V:MNX	$686.92K
Discovery-Corp Enterprises Inc. V:DCY	$681.93K
Contagious Gaming Inc V:CNS	$680.25K

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from -2,285,911 to -2,819,276, a change of -533,365.
Net loss of 436,470 reduced equity.
Other factors decreased equity by 96,895.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-436.47K	-15.48%
Other Changes	CA$-96.89K	-3.44%
Total Change	CA$-	%

Book Value vs Market Value Analysis

This analysis compares Carespan Health 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
2021-12-31	CA$-0.01	CA$0.02	x
2022-12-31	CA$-0.02	CA$0.02	x
2023-12-31	CA$-0.05	CA$0.02	x
2024-12-31	CA$-0.06	CA$0.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Carespan Health 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: -72.30%
• Asset Turnover: 4.67x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is below the historical average (0.00%), 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	0.00%	-113.46%	2.13x	0.00x	CA$-6.50 Million
2022	0.00%	-63.63%	3.29x	0.00x	CA$-2.80 Million
2023	0.00%	-80.44%	11.18x	0.00x	CA$-1.81 Million
2024	0.00%	-72.30%	4.67x	0.00x	CA$-154.54K

Industry Comparison

This section compares Carespan Health Inc's net assets metrics with peer companies in the Health Information Services industry.

Industry Context

Industry: Health Information Services
Average net assets among peers: $386,591
Average return on equity (ROE) among peers: -114.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Carespan Health Inc (CSPN)	CA$-2.92 Million	0.00%	N/A	$688.89K
Diagnos Inc (ADK)	$-113.51K	0.00%	0.00x	$16.95 Million
Comprehensive Healthcare Systems Inc (CHS)	$602.59K	-817.41%	5.81x	$8.96 Million
CardioComm Solutions Inc. (EKG)	$-423.38K	0.00%	0.00x	$1.43 Million
Kovo Healthtech Corp (KOVO)	$-299.00K	0.00%	0.00x	$1.77 Million
Kneat.com Inc (KSI)	$-1.55K	0.00%	0.00x	$309.65 Million
Newtopia Inc (NEWU)	$-1.84 Million	0.00%	0.00x	$626.69K
NexgenRX Inc. (NXG)	$1.84 Million	-11.30%	10.51x	$19.03 Million
Principal Technologies Inc (PTEC)	$939.12K	-171.97%	0.61x	$19.20 Million
Reliq Health Technologies Inc (RHT)	$2.78 Million	-27.94%	0.04x	$30.60 Million

About Carespan Health Inc

V:CSPN Canada Health Information Services

Market Cap

$688.89K

CA$952.32K CAD

Market Cap Rank

#30417 Global

#1628 in Canada

Share Price

CA$0.02

Change (1 day)

+0.00%

52-Week Range

CA$0.02 - CA$0.02

All Time High

CA$0.60