First Hydrogen Corp (FHYD) - Net Assets
Based on the latest financial reports, First Hydrogen Corp (FHYD) has net assets worth CA$-5.62 Million CAD (≈ $-4.07 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.12 Million ≈ $811.77K USD) and total liabilities (CA$6.75 Million ≈ $4.88 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read FHYD total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-5.62 Million |
| % of Total Assets | -501.13% |
| Annual Growth Rate | N/A |
| 5-Year Change | -586.93% |
| 10-Year Change | N/A |
| Growth Volatility | 141.19 |
First Hydrogen Corp - Net Assets Trend (2019–2025)
This chart illustrates how First Hydrogen Corp's net assets have evolved over time, based on quarterly financial data. Also explore First Hydrogen Corp (FHYD) total assets for the complete picture of this company's asset base.
Annual Net Assets for First Hydrogen Corp (2019–2025)
The table below shows the annual net assets of First Hydrogen Corp from 2019 to 2025. For live valuation and market cap data, see market value of First Hydrogen Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$-5.68 Million ≈ $-4.11 Million |
-166.39% |
| 2024-03-31 | CA$-2.13 Million ≈ $-1.54 Million |
-295.71% |
| 2023-03-31 | CA$1.09 Million ≈ $787.96K |
-2.80% |
| 2022-03-31 | CA$1.12 Million ≈ $810.68K |
-3.91% |
| 2021-03-31 | CA$1.17 Million ≈ $843.67K |
+125.72% |
| 2020-03-31 | CA$516.70K ≈ $373.77K |
+28.30% |
| 2019-03-31 | CA$402.72K ≈ $291.32K |
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Equity Component Analysis
This analysis shows how different components contribute to First Hydrogen Corp'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 4173700800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$36.80 Million | % |
| Total Equity | CA$-5.68 Million | 100.00% |
First Hydrogen Corp Competitors by Market Cap
The table below lists competitors of First Hydrogen Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
4Mass SA
WAR:4MS
|
$25.90 Million |
|
ARENA.PL S.A. ZY -50
F:8G6
|
$25.90 Million |
|
SPARK VC S.A. ZY 10
F:8N2
|
$25.94 Million |
|
Pusan Cast Iron Co., Ltd.
KO:005030
|
$25.95 Million |
|
PLYTEC Holding Berhad
KLSE:0289
|
$25.87 Million |
|
Steel Hawk Berhad
KLSE:0320
|
$25.86 Million |
|
Ginegar
TA:GNGR
|
$25.85 Million |
|
Tura Group AB
ST:TURA
|
$25.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Hydrogen Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,131,850 to -5,679,061, a change of -3,547,211.
- Net loss of 5,066,816 reduced equity.
- Other factors increased equity by 1,519,605.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.07 Million | -89.22% |
| Other Changes | CA$1.52 Million | +26.76% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares First Hydrogen Corp'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 |
|---|---|---|---|
| 2019-03-31 | CA$0.01 | CA$0.44 | x |
| 2020-03-31 | CA$0.01 | CA$0.44 | x |
| 2021-03-31 | CA$0.03 | CA$0.44 | x |
| 2022-03-31 | CA$0.02 | CA$0.44 | x |
| 2023-03-31 | CA$0.02 | CA$0.44 | x |
| 2024-03-31 | CA$-0.03 | CA$0.44 | x |
| 2025-03-31 | CA$-0.08 | CA$0.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Hydrogen Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-342.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -21.67% | 0.00% | 0.00x | 1.20x | CA$-127.53K |
| 2020 | -115.55% | 0.00% | 0.00x | 1.14x | CA$-648.72K |
| 2021 | -211.01% | -814.61% | 0.12x | 2.25x | CA$-2.58 Million |
| 2022 | -791.31% | -35472376.00% | 0.00x | 4.59x | CA$-8.98 Million |
| 2023 | -1259.16% | -8569.10% | 0.04x | 3.89x | CA$-13.82 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-10.70 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.50 Million |
Industry Comparison
This section compares First Hydrogen Corp's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $797,487,000
- Average return on equity (ROE) among peers: 20.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Hydrogen Corp (FHYD) | CA$-5.62 Million | -21.67% | N/A | $25.89 Million |
| NFI Group Inc (NFI) | $797.49 Million | 20.06% | 1.60x | $1.85 Billion |
About First Hydrogen Corp
First Hydrogen Corp. focuses on zero-emission vehicles, green hydrogen production and distribution, and supercritical carbon dioxide extractor systems primarily in Canada and the United Kingdom. The company designs and develops hydrogen-fuel-cell-powered vehicle. It also provides hydrogen powertrain platform for marine, agriculture, industrial machinery, commercial trucks, camper vans, backup pow… Read more