TrustBIX Inc (TBIX) - Net Assets
Based on the latest financial reports, TrustBIX Inc (TBIX) has net assets worth CA$-2.76 Million CAD (≈ $-2.00 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$591.54K ≈ $427.91K USD) and total liabilities (CA$3.35 Million ≈ $2.42 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TBIX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-2.76 Million |
| % of Total Assets | -466.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 6757.29 |
TrustBIX Inc - Net Assets Trend (2017–2025)
This chart illustrates how TrustBIX Inc's net assets have evolved over time, based on quarterly financial data. Also explore TrustBIX Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for TrustBIX Inc (2017–2025)
The table below shows the annual net assets of TrustBIX Inc from 2017 to 2025. For live valuation and market cap data, see TBIX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | CA$-2.76 Million ≈ $-2.00 Million |
-20.54% |
| 2024-09-30 | CA$-2.29 Million ≈ $-1.66 Million |
-17.39% |
| 2023-09-30 | CA$-1.95 Million ≈ $-1.41 Million |
-14653.54% |
| 2022-09-30 | CA$13.40K ≈ $9.69K |
+106.32% |
| 2021-09-30 | CA$-211.91K ≈ $-153.29K |
-552.78% |
| 2020-09-30 | CA$46.80K ≈ $33.86K |
-96.45% |
| 2019-09-30 | CA$1.32 Million ≈ $952.47K |
+3032.93% |
| 2018-09-30 | CA$-44.89K ≈ $-32.47K |
-47.79% |
| 2017-09-30 | CA$-30.38K ≈ $-21.97K |
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Equity Component Analysis
This analysis shows how different components contribute to TrustBIX 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 2109082700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$18.36 Million | % |
| Total Equity | CA$-2.76 Million | 100.00% |
TrustBIX Inc Competitors by Market Cap
The table below lists competitors of TrustBIX Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ausmon Resources Ltd
AU:AOA
|
$1.51 Million |
|
Avinger Inc
NASDAQ:AVGR
|
$1.52 Million |
|
Aptitude Software Group PLC
LSE:APTD
|
$1.52 Million |
|
CBEYOND
F:C5B
|
$1.52 Million |
|
Yida China Holdings Ltd
STU:YC2
|
$1.51 Million |
|
CONSOLE LABS SA ZY-10
F:9ZK
|
$1.51 Million |
|
Apogee Minerals Ltd
V:APMI
|
$1.51 Million |
|
Akanda Corp
NASDAQ:AKAN
|
$1.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TrustBIX Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,289,605 to -2,759,824, a change of -470,219.
- Net loss of 1,060,557 reduced equity.
- New share issuances of 326,800 increased equity.
- Other factors increased equity by 263,538.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.06 Million | -38.43% |
| Share Issuances | CA$326.80K | +11.84% |
| Other Changes | CA$263.54K | +9.55% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares TrustBIX 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 |
|---|---|---|---|
| 2017-09-30 | CA$0.00 | CA$0.02 | x |
| 2018-09-30 | CA$0.00 | CA$0.02 | x |
| 2019-09-30 | CA$0.07 | CA$0.02 | x |
| 2020-09-30 | CA$0.00 | CA$0.02 | x |
| 2021-09-30 | CA$-0.01 | CA$0.02 | x |
| 2022-09-30 | CA$0.00 | CA$0.02 | x |
| 2023-09-30 | CA$-0.03 | CA$0.02 | x |
| 2024-09-30 | CA$-0.02 | CA$0.02 | x |
| 2025-09-30 | CA$-0.02 | CA$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TrustBIX Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -79.64%
- • Asset Turnover: 2.25x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-3954.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-8.40K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-10.03K |
| 2019 | -257.66% | -206.68% | 0.79x | 1.57x | CA$-3.52 Million |
| 2020 | -4989.34% | -143.48% | 1.10x | 31.66x | CA$-2.34 Million |
| 2021 | 0.00% | -103.25% | 1.75x | 0.00x | CA$-2.22 Million |
| 2022 | -30347.28% | -242.80% | 0.81x | 155.11x | CA$-4.07 Million |
| 2023 | 0.00% | -144.42% | 3.51x | 0.00x | CA$-2.88 Million |
| 2024 | 0.00% | -45.04% | 1.71x | 0.00x | CA$-481.80K |
| 2025 | 0.00% | -79.64% | 2.25x | 0.00x | CA$-784.57K |
Industry Comparison
This section compares TrustBIX Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $53,714,494
- Average return on equity (ROE) among peers: -3.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TrustBIX Inc (TBIX) | CA$-2.76 Million | 0.00% | N/A | $1.51 Million |
| Abaxx Technologies Inc (ABXX) | $27.94 Million | -42.69% | 0.05x | $1.39 Billion |
| Adcore Inc (ADCO) | $1.19 Million | -17.83% | 0.01x | $10.05 Million |
| AnalytixInsight Inc (ALY) | $-2.56 Million | 0.00% | 0.00x | $1.76 Million |
| Agereh Technologies Inc (AUTO) | $-7.80 Million | 0.00% | 0.00x | $4.14 Million |
| Acceleware Ltd (AXE) | $826.28K | -19.23% | 1.13x | $11.79 Million |
| BLUERUSH Media Group Corp (BTV) | $-2.89 Million | 0.00% | 0.00x | $356.37K |
| Boardwalktech Software Corp (BWLK) | $-3.36 Million | 0.00% | 0.00x | $2.80 Million |
| Computer Modelling Group Ltd. (CMG) | $63.17 Million | 43.74% | 0.59x | $231.91 Million |
| Constellation Software Inc. (CSU) | $457.51 Million | 45.20% | 3.12x | $37.43 Billion |
| NamSys Inc (CTZ) | $3.11 Million | -40.95% | 0.32x | $24.35 Million |
About TrustBIX Inc
TrustBIX Inc., together with its subsidiaries, provides information solutions for agri-food industry in Canada, the United States, and internationally. The company offers Gate to Plate Technologies comprising Proprietary Indoor Farms. It also provides ViewTrak Technologies that provides auction and dealer software for livestock sales, as well as pork grading probes; and industrial IoT to track, l… Read more