CLEANTEK Industries Inc (CTEK) - Net Assets
Based on the latest financial reports, CLEANTEK Industries Inc (CTEK) has net assets worth CA$1.97 Million CAD (≈ $1.42 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$14.52 Million ≈ $10.50 Million USD) and total liabilities (CA$12.55 Million ≈ $9.08 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 how much debt does CLEANTEK Industries Inc carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.97 Million |
| % of Total Assets | 13.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 149.82 |
CLEANTEK Industries Inc - Net Assets Trend (2020–2024)
This chart illustrates how CLEANTEK Industries Inc's net assets have evolved over time, based on quarterly financial data. Also explore CLEANTEK Industries Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for CLEANTEK Industries Inc (2020–2024)
The table below shows the annual net assets of CLEANTEK Industries Inc from 2020 to 2024. For live valuation and market cap data, see CLEANTEK Industries Inc (CTEK) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.39 Million ≈ $1.00 Million |
+246.38% |
| 2023-12-31 | CA$401.00K ≈ $290.08K |
-75.37% |
| 2022-12-31 | CA$1.63 Million ≈ $1.18 Million |
-67.36% |
| 2021-12-31 | CA$4.99 Million ≈ $3.61 Million |
+168.54% |
| 2020-12-31 | CA$-7.28 Million ≈ $-5.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CLEANTEK Industries 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 1010200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$71.70 Million | 5161.84% |
| Total Equity | CA$1.39 Million | 100.00% |
CLEANTEK Industries Inc Competitors by Market Cap
The table below lists competitors of CLEANTEK Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pure Resources Ltd
AU:PR1
|
$15.91 Million |
|
N.C. Housing Public Company Limited
BK:NCH
|
$15.91 Million |
|
Magnum Mining and Exploration Ltd
AU:MGU
|
$15.91 Million |
|
Diversified Gateway Solutions Bhd
KLSE:0131
|
$15.91 Million |
|
Ree Automotive Holding Inc
NASDAQ:REE
|
$15.90 Million |
|
BALAXI PHARMACEUTICALS LIMITED
NSE:BALAXI
|
$15.90 Million |
|
Dgenx Co. Ltd
KQ:113810
|
$15.90 Million |
|
Nature Wood Group Limited American Depositary Shares
NASDAQ:NWGL
|
$15.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CLEANTEK Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 401,000 to 1,389,000, a change of 988,000 (246.4%).
- Net income of 1,263,000 contributed positively to equity growth.
- New share issuances of 150,000 increased equity.
- Other factors decreased equity by 425,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.26 Million | +90.93% |
| Share Issuances | CA$150.00K | +10.8% |
| Other Changes | CA$-425.00K | -30.6% |
| Total Change | CA$- | 246.38% |
Book Value vs Market Value Analysis
This analysis compares CLEANTEK Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 15.80x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$-0.27 | CA$0.75 | x |
| 2021-12-31 | CA$0.18 | CA$0.75 | x |
| 2022-12-31 | CA$0.06 | CA$0.75 | x |
| 2023-12-31 | CA$0.01 | CA$0.75 | x |
| 2024-12-31 | CA$0.05 | CA$0.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CLEANTEK Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 90.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.72%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 9.82x
- Recent ROE (90.93%) is above the historical average (-140.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | -294.15% | 0.56x | 0.00x | CA$-21.65 Million |
| 2021 | -119.39% | -67.52% | 0.51x | 3.44x | CA$-6.45 Million |
| 2022 | -220.33% | -27.35% | 0.82x | 9.78x | CA$-3.75 Million |
| 2023 | -454.61% | -13.03% | 0.92x | 38.06x | CA$-1.86 Million |
| 2024 | 90.93% | 10.72% | 0.86x | 9.82x | CA$1.12 Million |
Industry Comparison
This section compares CLEANTEK Industries Inc's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $128,593,934
- Average return on equity (ROE) among peers: -29.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CLEANTEK Industries Inc (CTEK) | CA$1.97 Million | 0.00% | 6.39x | $15.90 Million |
| ATS CORP (ATS) | $509.09 Million | -16.75% | 0.57x | $3.08 Billion |
| Composite Alliance Group Inc (CAG) | $-2.63 Million | 0.00% | 0.00x | $1.59 Million |
| DynaCERT Inc. (DYA) | $18.93 Million | -67.22% | 0.09x | $51.48 Million |
| EnWave Corporation (ENW) | $17.63 Million | -39.30% | 0.47x | $24.47 Million |
| Next Hydrogen Solutions Inc. (NXH) | $12.61 Million | -95.30% | 1.02x | $27.03 Million |
| Reko International Group Inc (REKO) | $60.63 Million | 7.64% | 0.75x | $18.61 Million |
| Savaria Corporation (SIS) | $434.60 Million | 2.65% | 1.55x | $1.54 Billion |
| Titan Logix Corp. (TLA) | $7.76 Million | 21.97% | 0.15x | $9.58 Million |
| Velan Inc. (VLN) | $98.74 Million | -76.46% | 4.08x | $66.40 Million |
About CLEANTEK Industries Inc
Cleantek Industries Inc. manufactures and markets technology-based equipment in Western Canada and the United States. The company offers lighting solutions, such as Halo, a crown-mounted lighting system; SolarHybrid light towers; Stadium Lighting, a LED tower lighting solution; EcoSteam, a mobile evaporation platform; DZeroE, a wastewater evaporation system; and SecureTek, a site security and sur… Read more