Basanite Inc
Basanite, Inc., through its subsidiary, Basanite Industries, LLC, manufactures and sells basalt fiber reinforced polymer (BFRP) reinforcing bar products for the construction industry worldwide. It provides BasaFlex, a BFRP reinforcing bar; BasaMix, which are fine denier basalt fibers; and BasaMesh, a line of basalt geogrid mesh rolls to replace welded wire mesh. The company's BFRP products are us… Read more
Basanite Inc (BASA) - Total Assets
Latest total assets as of September 2025: $125.24K USD
Based on the latest financial reports, Basanite Inc (BASA) holds total assets worth $125.24K 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.
Basanite Inc - Total Assets Trend (2015–2024)
This chart illustrates how Basanite Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Basanite Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Basanite Inc's total assets of $125.24K consist of 50.1% current assets and 50.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 30.9% |
| Accounts Receivable | $50.76K | 19.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2015–2024)
This chart illustrates how Basanite Inc'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: Basanite Inc's current assets represent 50.1% of total assets in 2024, an increase from 42.3% in 2015.
- Cash Position: Cash and equivalents constituted 30.9% of total assets in 2024, up from 9.6% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is accounts receivable at 19.1% of total assets.
Basanite Inc Competitors by Total Assets
Key competitors of Basanite Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
CSG Holding Co Ltd
SHE:000012
|
China | CN¥31.27 Billion |
|
Tangshan Jidong Cement Co Ltd
SHE:000401
|
China | CN¥58.66 Billion |
|
Chosun Refractories Co Ltd
KO:000480
|
Korea | ₩1.60 Trillion |
|
Gansu Shangfeng Cement Co Ltd
SHE:000672
|
China | CN¥16.88 Billion |
|
Jiangxi Wannianqing Cement Co Ltd
SHE:000789
|
China | CN¥15.80 Billion |
|
Xinjiang Tianshan Cement Co Ltd
SHE:000877
|
China | CN¥289.73 Billion |
|
Sinostone Guangdong Co Ltd
SHE:001212
|
China | CN¥2.25 Billion |
|
Tongyang Inc
KO:001525
|
Korea | ₩1.31 Trillion |
Basanite Inc - 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 - Basanite Inc generates 1.64x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Basanite Inc is currently not profitable relative to its asset base.
Basanite Inc - 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 | 0.00 | 0.00 | 0.30 |
| Quick Ratio | 0.00 | 0.00 | 0.14 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-10.04 Million | $ -8.36 Million | $ -1.90 Million |
Basanite Inc - Advanced Valuation Insights
This section examines the relationship between Basanite Inc'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 | 197.87 |
| Latest Market Cap to Assets Ratio | 28.48 |
| Asset Growth Rate (YoY) | -52.1% |
| Total Assets | $265.71K |
| Market Capitalization | $7.57 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Basanite Inc's assets at a significant premium ( 28.48x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Basanite Inc's assets decreased by 52.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Basanite Inc (2015–2024)
The table below shows the annual total assets of Basanite Inc from 2015 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $265.71K | -52.09% |
| 2023-12-31 | $554.66K | -88.37% |
| 2022-12-31 | $4.77 Million | -8.52% |
| 2021-12-31 | $5.21 Million | +82.95% |
| 2020-12-31 | $2.85 Million | +15.74% |
| 2019-12-31 | $2.46 Million | +382.41% |
| 2018-12-31 | $510.18K | -80.49% |
| 2017-12-31 | $2.61 Million | +739.12% |
| 2016-12-31 | $311.61K | -40.60% |
| 2015-12-31 | $524.62K | -- |