Torchlight Innovations Inc.
Torchlight Innovations Inc. designs and develops a non-toxic, water-based solution for gold extraction. The company is headquartered in Vancouver, Canada.
Torchlight Innovations Inc. (TLX-P) - Net Assets
Latest net assets as of June 2025: CA$38.68K CAD
Based on the latest financial reports, Torchlight Innovations Inc. (TLX-P) has net assets worth CA$38.68K CAD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$54.23K) and total liabilities (CA$15.55K). 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$38.68K |
| % of Total Assets | 71.32% |
| Annual Growth Rate | -3.77% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 64.69 |
Torchlight Innovations Inc. - Net Assets Trend (2021–2024)
This chart illustrates how Torchlight Innovations 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 Torchlight Innovations Inc. (2021–2024)
The table below shows the annual net assets of Torchlight Innovations Inc. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$80.63K | -40.56% |
| 2023-12-31 | CA$135.66K | -26.25% |
| 2022-12-31 | CA$183.94K | +103.25% |
| 2021-12-31 | CA$90.50K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Torchlight Innovations 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 18284200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$297.98K | 369.54% |
| Total Equity | CA$80.63K | 100.00% |
Torchlight Innovations Inc. Competitors by Market Cap
The table below lists competitors of Torchlight Innovations Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ODENZA CORP
NYSE:ODZA
|
$79.81K |
|
GAMCO Natural Resources Gold and Income Closed Fund
NYSE:GNT
|
$79.84K |
|
Jeisys Medical Inc.
KO:287410
|
$79.86K |
|
Oriental Rise Holdings Limited Ordinary Shares
NASDAQ:ORIS
|
$79.86K |
|
FutureTech II Acquisition Corp. Warrant
NASDAQ:FTIIW
|
$79.56K |
|
Nynomic AG
F:M7U
|
$79.41K |
|
Manulife Canadian Equity Class
TO:MCAN
|
$79.39K |
|
Pacific Alliance Bank
PINK:PFBN
|
$79.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Torchlight Innovations Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 135,656 to 80,634, a change of -55,022 (-40.6%).
- Net loss of 55,022 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-55.02K | -68.24% |
| Total Change | CA$- | -40.56% |
Book Value vs Market Value Analysis
This analysis compares Torchlight Innovations 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: 28.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 25.53x to 28.65x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.02 | CA$0.42 | x |
| 2022-12-31 | CA$0.03 | CA$0.42 | x |
| 2023-12-31 | CA$0.02 | CA$0.42 | x |
| 2024-12-31 | CA$0.01 | CA$0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Torchlight Innovations Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -68.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-68.24%) is below the historical average (-49.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -43.24% | 0.00% | 0.00x | 1.15x | CA$-97.93K |
| 2023 | -35.59% | 0.00% | 0.00x | 1.08x | CA$-61.85K |
| 2024 | -68.24% | 0.00% | 0.00x | 1.12x | CA$-63.09K |
Industry Comparison
This section compares Torchlight Innovations Inc.'s net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Torchlight Innovations Inc. (TLX-P) | CA$38.68K | -43.24% | 0.40x | $79.66K |
| First Tidal Acquisition Corp. (AAA-P) | $271.64K | -12.76% | 0.07x | $106.95K |
| AAJ Capital 3 Corp. (AAAJ-P) | $176.31K | -28.45% | 0.14x | $50.13K |
| AD4 Capital Corp. (ADJ-P) | $498.36K | 0.00% | 0.06x | $10.44K |
| AF2 Capital Corp (AF-P) | $125.52K | -22.68% | 0.19x | $45.26K |
| AIM5 Ventures Inc (AIME-P) | $236.65K | -15.61% | 0.12x | $151.51K |
| Apolo IV Acquisition Corp (AIV-P) | $1.13 Million | -19.92% | 0.03x | $33.42K |
| A-Labs Capital II Corp (ALAB-P) | $166.02K | -34.30% | 0.10x | $38.61K |
| Albatros Acquisition Corporation Inc. (ALBT-P) | $155.00K | 0.00% | 0.13x | $13.43K |
| Altina Capital Corp (ALTN-P) | $-3.34K | 0.00% | 0.00x | $65.59K |
| AMG Acquisition Corp (AMG-P) | $454.39K | -24.61% | 0.02x | $54.31K |