Rubicon Organics Inc (ROMJ) - Net Assets
Based on the latest financial reports, Rubicon Organics Inc (ROMJ) has net assets worth CA$41.64 Million CAD (≈ $30.12 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$66.05 Million ≈ $47.78 Million USD) and total liabilities (CA$24.41 Million ≈ $17.66 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 Rubicon Organics Inc (ROMJ) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$41.64 Million |
| % of Total Assets | 63.04% |
| Annual Growth Rate | 15.48% |
| 5-Year Change | 13.26% |
| 10-Year Change | N/A |
| Growth Volatility | 22.61 |
Rubicon Organics Inc - Net Assets Trend (2016–2025)
This chart illustrates how Rubicon Organics Inc's net assets have evolved over time, based on quarterly financial data. See Rubicon Organics Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rubicon Organics Inc (2016–2025)
The table below shows the annual net assets of Rubicon Organics Inc from 2016 to 2025. For live valuation and market cap data, see Rubicon Organics Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$44.06 Million ≈ $31.87 Million |
+17.79% |
| 2024-12-31 | CA$37.40 Million ≈ $27.06 Million |
-1.30% |
| 2023-12-31 | CA$37.89 Million ≈ $27.41 Million |
-1.14% |
| 2022-12-31 | CA$38.33 Million ≈ $27.73 Million |
-1.46% |
| 2021-12-31 | CA$38.90 Million ≈ $28.14 Million |
+34.87% |
| 2020-12-31 | CA$28.84 Million ≈ $20.86 Million |
+55.77% |
| 2019-12-31 | CA$18.52 Million ≈ $13.39 Million |
-16.07% |
| 2018-12-31 | CA$22.06 Million ≈ $15.96 Million |
+32.20% |
| 2017-12-31 | CA$16.69 Million ≈ $12.07 Million |
+38.31% |
| 2016-12-31 | CA$12.07 Million ≈ $8.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rubicon Organics 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 2767.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$137.09 Million | 311.17% |
| Total Equity | CA$44.06 Million | 100.00% |
Rubicon Organics Inc Competitors by Market Cap
The table below lists competitors of Rubicon Organics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xu Yuan Packaging Technology Co Ltd
TWO:8421
|
$22.02 Million |
|
U10 SA
PA:ALU10
|
$22.03 Million |
|
Global Masters Fund Ltd
AU:GFL
|
$22.04 Million |
|
VERDE AGRITECH LTD -3918
F:T48
|
$22.04 Million |
|
NamSys Inc
V:CTZ
|
$21.95 Million |
|
Master Pack Group Bhd
KLSE:7029
|
$21.94 Million |
|
Guardian Exploration Inc
V:GX
|
$21.94 Million |
|
Plastofil -L
TA:PPIL
|
$21.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rubicon Organics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,402,161 to 44,057,000, a change of 6,654,839 (17.8%).
- Net income of 1,051,000 contributed positively to equity growth.
- New share issuances of 4,162,000 increased equity.
- Other factors increased equity by 1,441,839.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.05 Million | +2.39% |
| Share Issuances | CA$4.16 Million | +9.45% |
| Other Changes | CA$1.44 Million | +3.27% |
| Total Change | CA$- | 17.79% |
Book Value vs Market Value Analysis
This analysis compares Rubicon Organics 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: 0.69x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.99x to 0.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.45 | CA$0.45 | x |
| 2018-12-31 | CA$0.60 | CA$0.45 | x |
| 2019-12-31 | CA$0.46 | CA$0.45 | x |
| 2020-12-31 | CA$0.58 | CA$0.45 | x |
| 2021-12-31 | CA$0.69 | CA$0.45 | x |
| 2022-12-31 | CA$0.68 | CA$0.45 | x |
| 2023-12-31 | CA$0.67 | CA$0.45 | x |
| 2024-12-31 | CA$0.66 | CA$0.45 | x |
| 2025-12-31 | CA$0.66 | CA$0.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rubicon Organics Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.77%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.52x
- Recent ROE (2.39%) is above the historical average (-39.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -35.06% | -661.55% | 0.04x | 1.31x | CA$-7.52 Million |
| 2018 | -135.42% | -1472.44% | 0.07x | 1.28x | CA$-32.08 Million |
| 2019 | -77.09% | -3143.71% | 0.01x | 2.15x | CA$-16.13 Million |
| 2020 | -51.95% | -159.61% | 0.18x | 1.77x | CA$-17.87 Million |
| 2021 | -37.33% | -64.22% | 0.41x | 1.41x | CA$-18.41 Million |
| 2022 | -10.06% | -10.86% | 0.63x | 1.46x | CA$-7.69 Million |
| 2023 | -4.81% | -4.55% | 0.73x | 1.45x | CA$-5.61 Million |
| 2024 | -6.85% | -5.26% | 0.86x | 1.51x | CA$-6.30 Million |
| 2025 | 2.39% | 1.77% | 0.89x | 1.52x | CA$-3.35 Million |
Industry Comparison
This section compares Rubicon Organics Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $713,486,636
- Average return on equity (ROE) among peers: -56.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rubicon Organics Inc (ROMJ) | CA$41.64 Million | -35.06% | 0.59x | $22.00 Million |
| Aurora Cannabis Inc (ACB) | $1.69 Million | -10.52% | 0.00x | $171.89 Million |
| Amotiv Limited (AOV) | $795.11 Million | 0.54% | 0.21x | $576.83 Million |
| Aequus Pharmaceuticals Inc (AQS) | $-6.45 Million | 0.00% | 0.00x | $479.73K |
| Avicanna Inc (AVCN) | $3.46 Million | -426.03% | 4.09x | $12.28 Million |
| Avant Brands Inc (AVNT) | $32.85 Million | -68.65% | 0.81x | $6.98 Million |
| Bausch Health Companies Inc (BHC) | $5.94 Billion | 40.44% | 5.31x | $1.87 Billion |
| CanadaBis Capital Inc (CANB) | $2.63 Million | 23.10% | 4.88x | $1.53 Million |
| Cannabist Company Holdings Inc (CBST) | $266.93 Million | -39.33% | 0.51x | $12.41 Million |
| Cipher Pharmaceuticals Inc (CPH) | $18.41 Million | -56.20% | 0.05x | $297.74 Million |
| Cardiol Therapeutics Inc Class A (CRDL) | $76.24 Million | -32.43% | 0.15x | $118.76 Million |
About Rubicon Organics Inc
Rubicon Organics Inc., together with its subsidiaries, engages in the production, processing, and sale of organic cannabis for the recreational and medical-use markets in Canada and internationally. The company offers cannabis products in dried flower, pre-rolls, concentrates, gummies, capsules, edibles, vapes, topicals, relief sticks, and oils. It sells its products under the Simply Bare Organic… Read more