Acuren Corporation
TIC Solutions, Inc. provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of ind… Read more
Acuren Corporation (TIC) - Total Assets
Latest total assets as of August 2025: $4.22 Billion USD
Based on the latest financial reports, Acuren Corporation (TIC) holds total assets worth $4.22 Billion USD as of August 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.
Acuren Corporation - Total Assets Trend (2022–2024)
This chart illustrates how Acuren Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Acuren Corporation - Asset Composition Analysis
Current Asset Composition (November 2024)
Acuren Corporation's total assets of $4.22 Billion consist of 17.9% current assets and 82.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $139.13 Million | 6.3% |
| Accounts Receivable | $236.52 Million | 10.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $219.23 Million | 9.9% |
| Intangible Assets | $740.66 Million | 33.6% |
| Goodwill | $845.94 Million | 38.3% |
Asset Composition Trend (2022–2024)
This chart illustrates how Acuren Corporation'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: Acuren Corporation's current assets represent 17.9% of total assets in 2024, a decrease from 23.7% in 2022.
- Cash Position: Cash and equivalents constituted 6.3% of total assets in 2024, up from 0.0% in 2022.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 71.0% of total assets, an increase from 61.0% in 2022.
- Asset Diversification: The largest asset category is goodwill at 38.3% of total assets.
Acuren Corporation Competitors by Total Assets
Key competitors of Acuren Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shaanxi Jinye Science Technology and Education Group Co Ltd
SHE:000812
|
China | CN¥5.75 Billion |
|
Tungkong Inc
SHE:002117
|
China | CN¥1.92 Billion |
|
Eternal Asia Supply Chain Management Ltd
SHE:002183
|
China | CN¥54.04 Billion |
|
Hongbo Co Ltd
SHE:002229
|
China | CN¥2.43 Billion |
|
Beijing Shengtong Printing Co Ltd
SHE:002599
|
China | CN¥2.14 Billion |
|
Shanghai Nar Industrial Co Ltd
SHE:002825
|
China | CN¥2.78 Billion |
|
Xuchang Ketop Testing Research Ins
SHE:003008
|
China | CN¥1.10 Billion |
|
GFM Services Bhd
KLSE:0039
|
Malaysia | RM644.83 Million |
Acuren Corporation - 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
Moderate asset utilization - Acuren Corporation generates 0.50x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Acuren Corporation is currently not profitable relative to its asset base.
Acuren Corporation - 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 | 2.41 | 3.62 | 1089.98 |
| Quick Ratio | 2.41 | 3.62 | 1089.98 |
| Cash Ratio | 0.50 | 1.12 | 0.00 |
| Working Capital | $462.87 Million | $ 308.92 Million | $ 540.14 Million |
Acuren Corporation - Advanced Valuation Insights
This section examines the relationship between Acuren Corporation'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 | 0.87 |
| Latest Market Cap to Assets Ratio | 0.39 |
| Asset Growth Rate (YoY) | 74.9% |
| Total Assets | $2.21 Billion |
| Market Capitalization | $861.59 Million USD |
Valuation Analysis
Below Book Valuation: The market values Acuren Corporation's assets below their book value (0.39 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Acuren Corporation's assets grew by 74.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Acuren Corporation (2022–2024)
The table below shows the annual total assets of Acuren Corporation from 2022 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-11-30 | $2.21 Billion | +74.85% |
| 2023-11-30 | $1.26 Billion | -2.90% |
| 2022-11-30 | $1.30 Billion | -- |