Digihost Technology Inc (DGHI) - Net Assets
Based on the latest financial reports, Digihost Technology Inc (DGHI) has net assets worth CA$21.98 Million CAD (≈ $15.90 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$34.32 Million ≈ $24.83 Million USD) and total liabilities (CA$12.34 Million ≈ $8.92 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 Digihost Technology Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$21.98 Million |
| % of Total Assets | 64.05% |
| Annual Growth Rate | N/A |
| 5-Year Change | 110.48% |
| 10-Year Change | N/A |
| Growth Volatility | 261.62 |
Digihost Technology Inc - Net Assets Trend (2019–2024)
This chart illustrates how Digihost Technology Inc's net assets have evolved over time, based on quarterly financial data. Also explore Digihost Technology Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Digihost Technology Inc (2019–2024)
The table below shows the annual net assets of Digihost Technology Inc from 2019 to 2024. For live valuation and market cap data, see Digihost Technology Inc (DGHI) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$21.98 Million ≈ $15.90 Million |
-24.84% |
| 2023-12-31 | CA$29.25 Million ≈ $21.16 Million |
-38.00% |
| 2022-12-31 | CA$47.17 Million ≈ $34.13 Million |
-32.80% |
| 2021-12-31 | CA$70.20 Million ≈ $50.79 Million |
+572.21% |
| 2020-12-31 | CA$10.44 Million ≈ $7.55 Million |
+3901.72% |
| 2019-12-31 | CA$-274.71K ≈ $-198.72K |
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Equity Component Analysis
This analysis shows how different components contribute to Digihost Technology 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 3302028200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$55.00 Million | 253.42% |
| Total Equity | CA$21.70 Million | 100.00% |
Digihost Technology Inc Competitors by Market Cap
The table below lists competitors of Digihost Technology Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orient Bell Limited
NSE:ORIENTBELL
|
$48.56 Million |
|
Greenland Hong Kong Holdings Limited
F:QFRA
|
$48.56 Million |
|
KGL Resources Limited
F:KN6
|
$48.57 Million |
|
Mangalam Global Enterprise Limited
NSE:MGEL
|
$48.58 Million |
|
Alpine Summit Energy Partners Inc
NASDAQ:ALPS
|
$48.55 Million |
|
Arizona Gold & Silver Inc.
V:AZS
|
$48.54 Million |
|
Concrete Engineering Products
KLSE:8435
|
$48.53 Million |
|
Analabs Resources Bhd
KLSE:7083
|
$48.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Digihost Technology Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,246,739 to 21,702,575, a change of -7,544,164 (-25.8%).
- Net loss of 6,797,718 reduced equity.
- New share issuances of 4,006,157 increased equity.
- Other factors decreased equity by 4,752,603.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.80 Million | -31.32% |
| Share Issuances | CA$4.01 Million | +18.46% |
| Other Changes | CA$-4.75 Million | -21.9% |
| Total Change | CA$- | -25.79% |
Book Value vs Market Value Analysis
This analysis compares Digihost Technology Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$-0.02 | CA$1.89 | x |
| 2020-12-31 | CA$0.89 | CA$1.89 | x |
| 2021-12-31 | CA$3.22 | CA$1.89 | x |
| 2022-12-31 | CA$1.73 | CA$1.89 | x |
| 2023-12-31 | CA$1.01 | CA$1.89 | x |
| 2024-12-31 | CA$0.61 | CA$1.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Digihost Technology Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.37%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 1.58x
- Recent ROE (-31.32%) is below the historical average (-24.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-242.50K |
| 2020 | -49.70% | -146.08% | 0.22x | 1.58x | CA$-6.24 Million |
| 2021 | 0.41% | 1.16% | 0.31x | 1.14x | CA$-6.73 Million |
| 2022 | 9.18% | 17.90% | 0.46x | 1.11x | CA$-388.16K |
| 2023 | -74.83% | -83.81% | 0.62x | 1.44x | CA$-24.81 Million |
| 2024 | -31.32% | -18.37% | 1.08x | 1.58x | CA$-8.97 Million |
Industry Comparison
This section compares Digihost Technology Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $54,412,533
- Average return on equity (ROE) among peers: -49.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Digihost Technology Inc (DGHI) | CA$21.98 Million | 0.00% | 0.56x | $48.56 Million |
| BlockMint Technologies Inc (BKMT) | $402.63K | -8.63% | 0.20x | $1.40 Million |
| Bitcoin Well Inc (BTCW) | $-181.47K | 0.00% | 0.00x | $17.93 Million |
| Cathedra Bitcoin Inc (CBIT) | $11.03 Million | -9.62% | 0.02x | $1.91 Million |
| Canaccord Genuity Group Inc (CF) | $372.19 Million | 25.11% | 6.01x | $878.22 Million |
| CryptoStar Corp (CSTR) | $6.49 Million | -309.37% | 0.53x | $2.12 Million |
| Currency Exchange International Corp (CXI) | $69.31 Million | 17.00% | 0.81x | $110.89 Million |
| DeFi Technologies Inc. (DEFI) | $6.30 Million | 32.89% | 0.16x | $295.89 Million |
| DelphX Capital Markets Inc (DELX) | $142.51K | -119.24% | 0.31x | $4.64 Million |
| Dmg Blockchain Solutions Inc (DMGI) | $24.03 Million | -77.82% | 0.27x | $44.04 Million |
About Digihost Technology Inc
Digihost Technology Inc. operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc. was incorporated in 2017 and is headquartered in Houston, Texas.