Klimat X Developments Inc.
Carbon Done Right Developments Inc. operates as a carbon exploration and development company. It sells coconut products and coconut-related by-products. The company was formerly known as Klimat X Developments Inc. and changed its name to Carbon Done Right Developments Inc. in February 2024. Carbon Done Right Developments Inc. was incorporated in 1963 and is headquartered in Vancouver, Canada.
Klimat X Developments Inc. (KLX) - Net Assets
Latest net assets as of December 2024: CA$-417.86K CAD
Based on the latest financial reports, Klimat X Developments Inc. (KLX) has net assets worth CA$-417.86K CAD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$8.40 Million) and total liabilities (CA$8.82 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-417.86K |
| % of Total Assets | -4.97% |
| Annual Growth Rate | N/A |
| 5-Year Change | -210.74% |
| 10-Year Change | N/A |
| Growth Volatility | 44.17 |
Klimat X Developments Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Klimat X Developments Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Klimat X Developments Inc. (2019–2024)
The table below shows the annual net assets of Klimat X Developments Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-417.86K | -107.31% |
| 2023-12-31 | CA$5.72 Million | -38.31% |
| 2022-12-31 | CA$9.26 Million | +5558.05% |
| 2021-12-31 | CA$-169.72K | -144.98% |
| 2020-12-31 | CA$377.33K | +948.62% |
| 2019-12-31 | CA$-44.46K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Klimat X Developments 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 1768240100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$18.97 Million | % |
| Total Equity | CA$-851.34K | 100.00% |
Klimat X Developments Inc. Competitors by Market Cap
The table below lists competitors of Klimat X Developments Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AVISTA
BE:AV6
|
$318.40K |
|
AB Snaige
STU:ZS4
|
$318.54K |
|
VERICEL
BE:ATQP
|
$318.56K |
|
AIXTRON N - Dusseldorf Stock Exchang
DU:AIXA
|
$318.58K |
|
PILGRIMS PRIDE
BE:6PP
|
$318.26K |
|
COLRUYT
BE:EFC1
|
$318.19K |
|
Altamira Therapeutics Ltd
NASDAQ:CYTO
|
$317.98K |
|
MUTUIONLINE
BE:MNL
|
$317.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Klimat X Developments Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,267,080 to -851,344, a change of -6,118,424 (-116.2%).
- Net loss of 6,288,478 reduced equity.
- Other factors increased equity by 170,054.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.29 Million | -738.65% |
| Other Changes | CA$170.05K | +19.97% |
| Total Change | CA$- | -116.16% |
Book Value vs Market Value Analysis
This analysis compares Klimat X Developments 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 |
|---|---|---|---|
| 2019-12-31 | CA$0.00 | CA$0.01 | x |
| 2020-12-31 | CA$0.01 | CA$0.01 | x |
| 2021-12-31 | CA$0.00 | CA$0.01 | x |
| 2022-12-31 | CA$0.10 | CA$0.01 | x |
| 2023-12-31 | CA$0.06 | CA$0.01 | x |
| 2024-12-31 | CA$-0.01 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Klimat X Developments Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9283.67%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-26.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-88.12K |
| 2020 | -19.96% | 0.00% | 0.00x | 1.37x | CA$-113.06K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.05 Million |
| 2022 | -55.53% | -6925.25% | 0.01x | 1.39x | CA$-5.61 Million |
| 2023 | -85.43% | -2584.46% | 0.02x | 2.18x | CA$-5.03 Million |
| 2024 | 0.00% | -9283.67% | 0.01x | 0.00x | CA$-6.20 Million |
Industry Comparison
This section compares Klimat X Developments Inc.'s net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $8,604,280,568
- Average return on equity (ROE) among peers: 3.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Klimat X Developments Inc. (KLX) | CA$-417.86K | 0.00% | N/A | $318.33K |
| Datametrex AI Ltd (DM) | $194.26K | -18.42% | 0.04x | $1.58 Million |
| FI (FI) | $25.81 Billion | 13.48% | 2.10x | $2.33 Billion |
| Genifi Inc. (GNFI) | $3.65 Million | 14.39% | 0.50x | $364.23K |