Vitreous Glass Inc (VCI) - Net Assets
Based on the latest financial reports, Vitreous Glass Inc (VCI) has net assets worth CA$5.08 Million CAD (≈ $3.67 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.38 Million ≈ $4.62 Million USD) and total liabilities (CA$1.31 Million ≈ $946.62K 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. Read Vitreous Glass Inc (VCI) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.08 Million |
| % of Total Assets | 79.5% |
| Annual Growth Rate | 3.37% |
| 5-Year Change | 20.18% |
| 10-Year Change | 8.48% |
| Growth Volatility | 10.95 |
Vitreous Glass Inc - Net Assets Trend (1996–2025)
This chart illustrates how Vitreous Glass Inc's net assets have evolved over time, based on quarterly financial data. Also explore Vitreous Glass Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Vitreous Glass Inc (1996–2025)
The table below shows the annual net assets of Vitreous Glass Inc from 1996 to 2025. For live valuation and market cap data, see VCI market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | CA$5.00 Million ≈ $3.62 Million |
+24.36% |
| 2024-09-30 | CA$4.02 Million ≈ $2.91 Million |
-3.23% |
| 2023-09-30 | CA$4.15 Million ≈ $3.00 Million |
-2.44% |
| 2022-09-30 | CA$4.26 Million ≈ $3.08 Million |
+2.36% |
| 2021-09-30 | CA$4.16 Million ≈ $3.01 Million |
-1.93% |
| 2020-09-30 | CA$4.24 Million ≈ $3.07 Million |
+11.44% |
| 2019-09-30 | CA$3.81 Million ≈ $2.75 Million |
-12.98% |
| 2018-09-30 | CA$4.37 Million ≈ $3.16 Million |
-0.37% |
| 2017-09-30 | CA$4.39 Million ≈ $3.18 Million |
-4.74% |
| 2016-09-30 | CA$4.61 Million ≈ $3.33 Million |
-9.87% |
| 2015-09-30 | CA$5.11 Million ≈ $3.70 Million |
+0.27% |
| 2014-09-30 | CA$5.10 Million ≈ $3.69 Million |
+5.80% |
| 2013-09-30 | CA$4.82 Million ≈ $3.49 Million |
-8.31% |
| 2012-09-30 | CA$5.26 Million ≈ $3.80 Million |
+5.07% |
| 2011-09-30 | CA$5.00 Million ≈ $3.62 Million |
-2.58% |
| 2010-09-30 | CA$5.14 Million ≈ $3.72 Million |
-7.41% |
| 2009-09-30 | CA$5.55 Million ≈ $4.01 Million |
+4.09% |
| 2008-09-30 | CA$5.33 Million ≈ $3.86 Million |
-0.48% |
| 2007-09-30 | CA$5.35 Million ≈ $3.87 Million |
-13.70% |
| 2006-09-30 | CA$6.21 Million ≈ $4.49 Million |
+28.34% |
| 2005-09-30 | CA$4.83 Million ≈ $3.50 Million |
+2.83% |
| 2004-09-30 | CA$4.70 Million ≈ $3.40 Million |
+6.59% |
| 2003-09-30 | CA$4.41 Million ≈ $3.19 Million |
+7.70% |
| 2002-09-30 | CA$4.10 Million ≈ $2.96 Million |
+1.65% |
| 2001-09-30 | CA$4.03 Million ≈ $2.91 Million |
+11.62% |
| 2000-09-30 | CA$3.61 Million ≈ $2.61 Million |
+28.92% |
| 1999-09-30 | CA$2.80 Million ≈ $2.03 Million |
+11.11% |
| 1998-09-30 | CA$2.52 Million ≈ $1.82 Million |
+10.28% |
| 1997-09-30 | CA$2.29 Million ≈ $1.65 Million |
+19.37% |
| 1996-09-30 | CA$1.91 Million ≈ $1.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Vitreous Glass 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 grown by 195522000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$1.91 Million | 38.23% |
| Other Components | CA$3.09 Million | 61.77% |
| Total Equity | CA$5.00 Million | 100.00% |
Vitreous Glass Inc Competitors by Market Cap
The table below lists competitors of Vitreous Glass Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abico FS Co Ltd
TWO:8071
|
$31.04 Million |
|
Polygiene AB
ST:POLYG
|
$31.05 Million |
|
Atlas Pearls Ltd
AU:ATP
|
$31.07 Million |
|
Unifin Financiera S. A. B. de C. V
MX:UNIFINA
|
$31.11 Million |
|
Future Battery Minerals Ltd
AU:FBM
|
$31.03 Million |
|
Innature Bhd
KLSE:5295
|
$31.01 Million |
|
Amanet Management & Systems Ltd
TA:AMAN
|
$31.01 Million |
|
Infoline Tec Holdings Bhd
KLSE:0253
|
$31.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vitreous Glass Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,019,607 to 4,998,982, a change of 979,375 (24.4%).
- Net income of 3,143,990 contributed positively to equity growth.
- Dividend payments of 2,217,630 reduced retained earnings.
- Other factors increased equity by 53,015.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$3.14 Million | +62.89% |
| Dividends Paid | CA$2.22 Million | -44.36% |
| Other Changes | CA$53.02K | +1.06% |
| Total Change | CA$- | 24.36% |
Book Value vs Market Value Analysis
This analysis compares Vitreous Glass 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: 8.56x
- 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 decreased from 14.48x to 8.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | CA$0.47 | CA$6.75 | x |
| 1997-09-30 | CA$0.55 | CA$6.75 | x |
| 1998-09-30 | CA$0.55 | CA$6.75 | x |
| 1999-09-30 | CA$0.66 | CA$6.75 | x |
| 2000-09-30 | CA$0.85 | CA$6.75 | x |
| 2001-09-30 | CA$0.95 | CA$6.75 | x |
| 2002-09-30 | CA$0.83 | CA$6.75 | x |
| 2003-09-30 | CA$0.88 | CA$6.75 | x |
| 2004-09-30 | CA$0.88 | CA$6.75 | x |
| 2005-09-30 | CA$0.87 | CA$6.75 | x |
| 2006-09-30 | CA$1.06 | CA$6.75 | x |
| 2007-09-30 | CA$0.89 | CA$6.75 | x |
| 2008-09-30 | CA$0.88 | CA$6.75 | x |
| 2009-09-30 | CA$0.92 | CA$6.75 | x |
| 2010-09-30 | CA$0.85 | CA$6.75 | x |
| 2011-09-30 | CA$0.83 | CA$6.75 | x |
| 2012-09-30 | CA$0.86 | CA$6.75 | x |
| 2013-09-30 | CA$0.78 | CA$6.75 | x |
| 2014-09-30 | CA$0.82 | CA$6.75 | x |
| 2015-09-30 | CA$0.82 | CA$6.75 | x |
| 2016-09-30 | CA$0.74 | CA$6.75 | x |
| 2017-09-30 | CA$0.70 | CA$6.75 | x |
| 2018-09-30 | CA$0.70 | CA$6.75 | x |
| 2019-09-30 | CA$0.61 | CA$6.75 | x |
| 2020-09-30 | CA$0.66 | CA$6.75 | x |
| 2021-09-30 | CA$0.64 | CA$6.75 | x |
| 2022-09-30 | CA$0.66 | CA$6.75 | x |
| 2023-09-30 | CA$0.64 | CA$6.75 | x |
| 2024-09-30 | CA$0.63 | CA$6.75 | x |
| 2025-09-30 | CA$0.79 | CA$6.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vitreous Glass 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): 62.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.34%
- • Asset Turnover: 2.11x
- • Equity Multiplier: 1.33x
- Recent ROE (62.89%) is above the historical average (30.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 13.17% | 11.38% | 0.61x | 1.88x | CA$60.73K |
| 1997 | 14.41% | 8.05% | 0.82x | 2.18x | CA$100.72K |
| 1998 | 9.11% | 4.58% | 0.93x | 2.14x | CA$-22.32K |
| 1999 | 8.58% | 4.55% | 1.01x | 1.87x | CA$-39.87K |
| 2000 | 5.29% | 3.77% | 0.88x | 1.59x | CA$-170.13K |
| 2001 | 10.41% | 5.51% | 0.92x | 2.06x | CA$16.68K |
| 2002 | 0.84% | 0.29% | 1.29x | 2.29x | CA$-374.97K |
| 2003 | 5.89% | 1.75% | 1.45x | 2.32x | CA$-181.33K |
| 2004 | 4.05% | 1.91% | 1.16x | 1.82x | CA$-279.86K |
| 2005 | 2.75% | 1.13% | 1.55x | 1.57x | CA$-350.43K |
| 2006 | 22.08% | 17.85% | 1.05x | 1.18x | CA$749.66K |
| 2007 | 24.90% | 16.91% | 1.16x | 1.26x | CA$797.80K |
| 2008 | 25.78% | 18.33% | 0.93x | 1.51x | CA$840.70K |
| 2009 | 22.98% | 18.22% | 0.93x | 1.35x | CA$719.75K |
| 2010 | 26.30% | 18.72% | 1.04x | 1.35x | CA$837.28K |
| 2011 | 25.81% | 18.36% | 1.02x | 1.38x | CA$791.08K |
| 2012 | 25.86% | 19.03% | 1.07x | 1.27x | CA$833.65K |
| 2013 | 28.39% | 19.73% | 1.12x | 1.29x | CA$886.34K |
| 2014 | 39.58% | 24.57% | 1.25x | 1.29x | CA$1.51 Million |
| 2015 | 38.57% | 23.35% | 1.31x | 1.26x | CA$1.46 Million |
| 2016 | 45.42% | 26.09% | 1.39x | 1.26x | CA$1.63 Million |
| 2017 | 43.69% | 25.29% | 1.38x | 1.26x | CA$1.48 Million |
| 2018 | 48.48% | 24.58% | 1.56x | 1.26x | CA$1.68 Million |
| 2019 | 46.48% | 20.80% | 1.74x | 1.29x | CA$1.39 Million |
| 2020 | 54.61% | 24.74% | 1.70x | 1.30x | CA$1.89 Million |
| 2021 | 81.12% | 27.84% | 2.36x | 1.24x | CA$2.96 Million |
| 2022 | 51.01% | 22.57% | 1.75x | 1.29x | CA$1.75 Million |
| 2023 | 61.07% | 24.89% | 1.88x | 1.30x | CA$2.12 Million |
| 2024 | 59.65% | 24.83% | 1.88x | 1.27x | CA$2.00 Million |
| 2025 | 62.89% | 22.34% | 2.11x | 1.33x | CA$2.64 Million |
Industry Comparison
This section compares Vitreous Glass Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $334,952,307
- Average return on equity (ROE) among peers: -85.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vitreous Glass Inc (VCI) | CA$5.08 Million | 13.17% | 0.26x | $31.04 Million |
| Anaergia Inc (ANRG) | $73.59 Million | -248.13% | 2.79x | $368.32 Million |
| BluMetric Environmental Inc (BLM) | $5.24 Million | 50.77% | 1.77x | $37.91 Million |
| BQE Water Inc (BQE) | $12.64 Million | 9.19% | 0.27x | $77.33 Million |
| Cielo Waste Solutions Corp (CMC) | $-5.96 Million | 0.00% | 0.00x | $11.53 Million |
| Ecolomondo Corp (ECM) | $667.82K | -273.94% | 45.45x | $25.43 Million |
| EverGen Infrastructure Corp (EVGN) | $42.00 Million | -39.83% | 0.85x | $7.22 Million |
| Earthworks Industries Inc (EWK) | $935.33K | -51.30% | 1.18x | $2.85 Million |
| Gfl Environmental Holdings Inc (GFL) | $3.19 Billion | -15.14% | 2.47x | $13.11 Billion |
| Green Impact Partners Inc (GIP) | $25.45 Million | -9.65% | 2.25x | $34.93 Million |
| Northstar Clean Technologies Inc (ROOF) | $2.36 Million | -279.92% | 1.06x | $21.31 Million |
About Vitreous Glass Inc
Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada. It offers its products to fiberglass building insulation manufacturers for use as a raw material to insulate homes. The company was incorporated in 1992 and is headquartered in Airdrie, Canada.