Therma Bright Inc (THRM) - Net Assets

Latest as of October 2025: CA$-1.52 Million CAD ≈ $-1.10 Million USD

Based on the latest financial reports, Therma Bright Inc (THRM) has net assets worth CA$-1.52 Million CAD (≈ $-1.10 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$406.59K ≈ $294.12K USD) and total liabilities (CA$1.92 Million ≈ $1.39 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 THRM financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$-1.52 Million
% of Total Assets	-373.07%
Annual Growth Rate	N/A
5-Year Change	-219.04%
10-Year Change	N/A
Growth Volatility	1003.92

Therma Bright Inc - Net Assets Trend (2001–2025)

This chart illustrates how Therma Bright Inc's net assets have evolved over time, based on quarterly financial data. Also explore Therma Bright Inc total assets for the complete picture of this company's asset base.

Annual Net Assets for Therma Bright Inc (2001–2025)

The table below shows the annual net assets of Therma Bright Inc from 2001 to 2025. For live valuation and market cap data, see how much is Therma Bright Inc worth.

Year	Net Assets	Change
2025-07-31	CA$-1.57 Million ≈ $-1.13 Million	-218.22%
2024-07-31	CA$1.32 Million ≈ $958.00K	+2856.62%
2023-07-31	CA$44.79K ≈ $32.40K	-98.37%
2022-07-31	CA$2.75 Million ≈ $1.99 Million	+108.87%
2021-07-31	CA$1.32 Million ≈ $951.41K	+487.24%
2020-07-31	CA$223.97K ≈ $162.01K	+178.20%
2019-07-31	CA$-286.40K ≈ $-207.18K	-300.04%
2018-07-31	CA$-71.59K ≈ $-51.79K	+91.99%
2017-07-31	CA$-893.85K ≈ $-646.59K	+45.04%
2016-07-31	CA$-1.63 Million ≈ $-1.18 Million	-14.51%
2015-07-31	CA$-1.42 Million ≈ $-1.03 Million	+74.25%
2014-07-31	CA$-5.52 Million ≈ $-3.99 Million	+1.79%
2013-07-31	CA$-5.62 Million ≈ $-4.06 Million	+15.05%
2012-07-31	CA$-6.61 Million ≈ $-4.78 Million	-13.31%
2011-07-31	CA$-5.83 Million ≈ $-4.22 Million	-16.11%
2009-07-31	CA$-5.03 Million ≈ $-3.64 Million	-41.83%
2008-07-31	CA$-3.54 Million ≈ $-2.56 Million	-77.51%
2007-07-31	CA$-2.00 Million ≈ $-1.44 Million	-36.45%
2006-07-31	CA$-1.46 Million ≈ $-1.06 Million	-47.60%
2005-07-31	CA$-991.06K ≈ $-716.92K	-743.66%
2004-07-31	CA$-117.47K ≈ $-84.98K	-107.30%
2002-07-31	CA$1.61 Million ≈ $1.16 Million	+153.92%
2001-07-31	CA$633.46K ≈ $458.24K	--

Equity Component Analysis

This analysis shows how different components contribute to Therma Bright 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 4255971400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (July 2025)

Component	Amount	Percentage
Other Components	CA$41.01 Million	%
Total Equity	CA$-1.57 Million	100.00%

Therma Bright Inc Competitors by Market Cap

The table below lists competitors of Therma Bright Inc ranked by their market capitalization.

Company	Market Cap
Cariboo Rose Resources Ltd V:CRB	$2.52 Million
Netcall plc LSE:NET	$2.52 Million
GIGLIO GROUP S.P.A. O.N. F:5JR	$2.52 Million
Range International Ltd AU:RAN	$2.53 Million
James Latham PLC LSE:LTHM	$2.51 Million
Australian Silica Quartz Group Ltd F:4B4	$2.51 Million
Superior Industries International NYSE:SUP	$2.51 Million
Supply@Me Capital PLC LSE:SYME	$2.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Therma Bright Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,324,023 to -1,565,917, a change of -2,889,940 (-218.3%).
Net loss of 4,342,907 reduced equity.
New share issuances of 174,900 increased equity.
Other factors increased equity by 1,278,067.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-4.34 Million	-277.34%
Share Issuances	CA$174.90K	+11.17%
Other Changes	CA$1.28 Million	+81.62%
Total Change	CA$-	-218.27%

Book Value vs Market Value Analysis

This analysis compares Therma Bright 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
2001-07-31	CA$0.03	CA$0.06	x
2002-07-31	CA$0.05	CA$0.06	x
2004-07-31	CA$0.00	CA$0.06	x
2005-07-31	CA$-0.02	CA$0.06	x
2006-07-31	CA$-0.03	CA$0.06	x
2007-07-31	CA$-0.04	CA$0.06	x
2008-07-31	CA$-0.07	CA$0.06	x
2009-07-31	CA$-0.09	CA$0.06	x
2011-07-31	CA$-0.09	CA$0.06	x
2012-07-31	CA$-0.10	CA$0.06	x
2013-07-31	CA$-0.08	CA$0.06	x
2014-07-31	CA$-0.07	CA$0.06	x
2015-07-31	CA$-0.02	CA$0.06	x
2016-07-31	CA$-0.01	CA$0.06	x
2017-07-31	CA$-0.01	CA$0.06	x
2018-07-31	CA$0.00	CA$0.06	x
2019-07-31	CA$0.00	CA$0.06	x
2020-07-31	CA$0.00	CA$0.06	x
2021-07-31	CA$0.01	CA$0.06	x
2022-07-31	CA$0.01	CA$0.06	x
2023-07-31	CA$0.00	CA$0.06	x
2024-07-31	CA$0.02	CA$0.06	x
2025-07-31	CA$-0.03	CA$0.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Therma Bright 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: -5410.44%
• Asset Turnover: 0.32x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is above the historical average (-425.59%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	-1.92%	-186.82%	0.01x	1.01x	CA$-75.49K
2002	-41.28%	-1754.88%	0.02x	1.04x	CA$-824.75K
2004	0.00%	-6017.49%	0.07x	0.00x	CA$-2.31 Million
2005	0.00%	-2623.86%	0.08x	0.00x	CA$-1.05 Million
2006	0.00%	-238.31%	0.79x	0.00x	CA$-1.69 Million
2007	0.00%	-641.07%	0.31x	0.00x	CA$-1.41 Million
2008	0.00%	-837.92%	1.82x	0.00x	CA$-1.75 Million
2009	0.00%	-876.33%	172.75x	0.00x	CA$-1.01 Million
2011	0.00%	0.00%	0.00x	0.00x	CA$-33.81K
2012	0.00%	0.00%	0.00x	0.00x	CA$-74.28K
2013	0.00%	0.00%	0.00x	0.00x	CA$1.42 Million
2014	0.00%	0.00%	0.00x	0.00x	CA$619.80K
2015	0.00%	-20852.60%	6.98x	0.00x	CA$-214.34K
2016	0.00%	-4298.37%	40.97x	0.00x	CA$-43.39K
2017	0.00%	-3098.51%	0.21x	0.00x	CA$-876.20K
2018	0.00%	-8769.54%	0.04x	0.00x	CA$-1.23 Million
2019	0.00%	-6110.51%	0.08x	0.00x	CA$-393.29K
2020	-279.81%	-16565.74%	0.00x	5.13x	CA$-649.08K
2021	-654.67%	-221744.06%	0.00x	1.70x	CA$-8.74 Million
2022	-214.08%	-4218.03%	0.03x	1.46x	CA$-6.16 Million
2023	-8411.71%	-15765.40%	0.01x	49.33x	CA$-3.77 Million
2024	-185.14%	-9402.79%	0.01x	2.41x	CA$-2.58 Million
2025	0.00%	-5410.44%	0.32x	0.00x	CA$-4.19 Million

Industry Comparison

This section compares Therma Bright Inc's net assets metrics with peer companies in the Medical Devices industry.

Industry Context

Industry: Medical Devices
Average net assets among peers: $1,347,210
Average return on equity (ROE) among peers: -485.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Therma Bright Inc (THRM)	CA$-1.52 Million	-1.92%	N/A	$2.52 Million
Aurora Spine Corp (ASG)	$3.28 Million	-7.07%	1.18x	$13.55 Million
MedX Health Corp (MDX)	$-1.83 Million	0.00%	0.00x	$13.05 Million
NuGen Medical Devices Inc (NGMD)	$-2.06 Million	0.00%	0.00x	$3.41 Million
Perimeter Medical Imaging AI Inc (PINK)	$7.42 Million	-225.80%	0.34x	$31.30 Million
Profound Medical Corp (PRN)	$1.37 Million	-599.66%	0.08x	$246.52 Million
Theralase Technologies Inc. (TLT)	$1.05 Million	5.63%	0.15x	$58.45 Million
VentriPoint Diagnostics Ltd (VPT)	$189.71K	-2568.15%	8.93x	$20.53 Million

About Therma Bright Inc

V:THRM Canada Medical Devices

Market Cap

$2.52 Million

CA$3.48 Million CAD

Market Cap Rank

#29430 Global

#1467 in Canada

Share Price

CA$0.06

Change (1 day)

+9.09%

52-Week Range

CA$0.01 - CA$0.11

All Time High

CA$0.87