TH International Limited
TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. It offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.
TH International Limited (THCH) - Total Assets
Latest total assets as of September 2025: $1.29 Billion USD
Based on the latest financial reports, TH International Limited (THCH) holds total assets worth $1.29 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
TH International Limited - Total Assets Trend (2019–2024)
This chart illustrates how TH International Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
TH International Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
TH International Limited's total assets of $1.29 Billion consist of 26.7% current assets and 73.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 9.8% |
| Accounts Receivable | $170.75 Million | 10.9% |
| Inventory | $37.58 Million | 2.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $97.02 Million | 6.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how TH International Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: TH International Limited's current assets represent 26.7% of total assets in 2024, a decrease from 65.1% in 2019.
- Cash Position: Cash and equivalents constituted 9.8% of total assets in 2024, down from 58.7% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, a decrease from 14.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 10.9% of total assets.
TH International Limited Competitors by Total Assets
Key competitors of TH International Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Mr. Onion
TWO:2740
|
Taiwan | NT$124.93 Million |
|
Loungers PLC
LSE:LGRS
|
UK | GBX409.83 Million |
|
Young & Co.'s Brewery P.L.C.
PINK:YCSBF
|
USA | $1.31 Billion |
|
KINGZA International CO.,Ltd.
TWO:2751
|
Taiwan | NT$1.25 Billion |
|
Tofu Restaurant Co Ltd
TWO:2752
|
Taiwan | NT$2.27 Billion |
|
XiAn Catering Co Ltd
SHE:000721
|
China | CN¥1.26 Billion |
|
China Quanjude Group Co Ltd
SHE:002186
|
China | CN¥1.54 Billion |
|
Cloud Live Technology Group Co Ltd
SHE:002306
|
China | CN¥759.24 Million |
TH International Limited - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - TH International Limited generates 0.89x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - TH International Limited is currently not profitable relative to its asset base.
TH International Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.25 | 0.30 | 1.96 |
| Quick Ratio | 0.22 | 0.28 | 1.87 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.22 Billion | $ -1.04 Billion | $ 122.65 Million |
TH International Limited - Advanced Valuation Insights
This section examines the relationship between TH International Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 16.78 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -29.4% |
| Total Assets | $1.56 Billion |
| Market Capitalization | $15.68 Million USD |
Valuation Analysis
Below Book Valuation: The market values TH International Limited's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: TH International Limited's assets decreased by 29.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for TH International Limited (2019–2024)
The table below shows the annual total assets of TH International Limited from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.56 Billion | -29.43% |
| 2023-12-31 | $2.22 Billion | -16.15% |
| 2022-12-31 | $2.64 Billion | +105.62% |
| 2021-12-31 | $1.28 Billion | +121.40% |
| 2020-12-31 | $580.36 Million | +30.71% |
| 2019-12-31 | $444.00 Million | -- |