Therma Bright Inc
Therma Bright Inc. acquires, develops, manufactures, and markets proprietary healthcare and medical devices focused on respiratory diseases, vascular health, and consumer medical devices for consumer and institutional marketplace. Its products include AcuVid, an antigen and antibody rapid screening test for COVID-19; InterceptCS, a cold sore prevention system, which provides controlled topical he… Read more
Therma Bright Inc (TBRIF) - Total Assets
Latest total assets as of October 2025: $406.59K USD
Based on the latest financial reports, Therma Bright Inc (TBRIF) holds total assets worth $406.59K USD as of October 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.
Therma Bright Inc - Total Assets Trend (2018–2025)
This chart illustrates how Therma Bright Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Therma Bright Inc - Asset Composition Analysis
Current Asset Composition (July 2025)
Therma Bright Inc's total assets of $406.59K consist of 79.5% current assets and 20.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.6% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $131.59K | 52.9% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $33.45K | 13.5% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2025)
This chart illustrates how Therma Bright 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: Therma Bright Inc's current assets represent 79.5% of total assets in 2025, a decrease from 85.5% in 2018.
- Cash Position: Cash and equivalents constituted 0.6% of total assets in 2025, down from 65.9% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 13.0% of total assets, a decrease from 14.0% in 2018.
- Asset Diversification: The largest asset category is inventory at 52.9% of total assets.
Therma Bright Inc Competitors by Total Assets
Key competitors of Therma Bright Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
China | CN¥5.17 Billion |
|
Jiangsu Yuyue Medical Equipment & Supply Co Ltd
SHE:002223
|
China | CN¥16.67 Billion |
|
Double Medical Technology Inc
SHE:002901
|
China | CN¥4.55 Billion |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
China | CN¥6.10 Billion |
|
Shinhung
KO:004080
|
Korea | ₩153.50 Billion |
|
UMediC Group Berhad
KLSE:0256
|
Malaysia | RM94.93 Million |
|
Osang Healthcare Co.,Ltd
KQ:036220
|
Korea | ₩287.70 Billion |
|
HansBiomed Corporation
KQ:042520
|
Korea | ₩126.41 Billion |
Therma Bright 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
Lower asset utilization - Therma Bright Inc generates 0.32x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Therma Bright Inc is currently not profitable relative to its asset base.
Therma Bright 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 | 0.19 | 0.32 | 3.40 |
| Quick Ratio | 0.12 | 0.23 | 3.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.57 Million | $ -1.20 Million | $ 1.26 Million |
Therma Bright Inc - Advanced Valuation Insights
This section examines the relationship between Therma Bright 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 | 2.46 |
| Latest Market Cap to Assets Ratio | 3.42 |
| Asset Growth Rate (YoY) | -92.2% |
| Total Assets | $248.69K |
| Market Capitalization | $851.27K USD |
Valuation Analysis
Premium Asset Valuation: The market values Therma Bright Inc's assets at a significant premium ( 3.42x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Therma Bright Inc's assets decreased by 92.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Therma Bright Inc (2018–2025)
The table below shows the annual total assets of Therma Bright Inc from 2018 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-07-31 | $248.69K | -92.20% |
| 2024-07-31 | $3.19 Million | +44.37% |
| 2023-07-31 | $2.21 Million | -44.77% |
| 2022-07-31 | $4.00 Million | +78.42% |
| 2021-07-31 | $2.24 Million | +95.28% |
| 2020-07-31 | $1.15 Million | +1281.54% |
| 2019-07-31 | $83.12K | -75.64% |
| 2018-07-31 | $341.24K | -- |