Sixth Wave Innovations Inc
Sixth Wave Innovations Inc., a development stage nanotechnology company, focuses on the extraction and detection of target substances at the molecular level using specialized molecularly imprinted polymers. The company is involved in the molecular engineering, materials extraction, detection, and purification activities. It is also in the process of commercializing its Affinity cannabinoid purifi… Read more
Sixth Wave Innovations Inc (SIXWF) - Total Assets
Latest total assets as of May 2023: $1.23 Million USD
Based on the latest financial reports, Sixth Wave Innovations Inc (SIXWF) holds total assets worth $1.23 Million USD as of May 2023.
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.
Sixth Wave Innovations Inc - Total Assets Trend (2007–2022)
This chart illustrates how Sixth Wave Innovations Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sixth Wave Innovations Inc - Asset Composition Analysis
Current Asset Composition (August 2022)
Sixth Wave Innovations Inc's total assets of $1.23 Million consist of 19.8% current assets and 80.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.6% |
| Accounts Receivable | $9.98K | 0.5% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $292.78K | 14.3% |
| Intangible Assets | $1.18 Million | 57.5% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2022)
This chart illustrates how Sixth Wave Innovations 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: Sixth Wave Innovations Inc's current assets represent 19.8% of total assets in 2022, a decrease from 88.3% in 2007.
- Cash Position: Cash and equivalents constituted 0.6% of total assets in 2022, down from 88.2% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 57.0% of total assets, an increase from 0.0% in 2007.
- Asset Diversification: The largest asset category is intangible assets at 57.5% of total assets.
Sixth Wave Innovations Inc Competitors by Total Assets
Key competitors of Sixth Wave Innovations Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
USA | $13.95 Billion |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
Korea | ₩51.65 Billion |
|
Hangzhou Flariant Co Ltd
SHG:605566
|
China | CN¥2.55 Billion |
|
Samhwa Paint
KO:000390
|
Korea | ₩617.09 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
Korea | ₩12.05 Trillion |
|
Norooholdings
KO:000320
|
Korea | ₩1.26 Trillion |
|
Noroo Holdings Co Ltd
KO:000325
|
Korea | ₩1.26 Trillion |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
China | CN¥1.65 Billion |
Sixth Wave Innovations 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 - Sixth Wave Innovations Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Sixth Wave Innovations Inc is currently not profitable relative to its asset base.
Sixth Wave Innovations 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 | 0.02 | 0.35 | 9.98 |
| Quick Ratio | 0.02 | 0.35 | 10.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-6.47 Million | $ -1.21 Million | $ 1.85 Million |
Sixth Wave Innovations Inc - Advanced Valuation Insights
This section examines the relationship between Sixth Wave Innovations 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 | 39.22 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -59.8% |
| Total Assets | $2.05 Million |
| Market Capitalization | $1.84K USD |
Valuation Analysis
Below Book Valuation: The market values Sixth Wave Innovations Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Sixth Wave Innovations Inc's assets decreased by 59.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Sixth Wave Innovations Inc (2007–2022)
The table below shows the annual total assets of Sixth Wave Innovations Inc from 2007 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-08-31 | $2.05 Million | -59.84% |
| 2021-08-31 | $5.10 Million | -59.79% |
| 2020-08-31 | $12.68 Million | +144.79% |
| 2019-08-31 | $5.18 Million | +152.51% |
| 2018-08-31 | $2.05 Million | +99741.36% |
| 2017-08-31 | $2.06K | -91.07% |
| 2016-08-31 | $23.01K | +694.06% |
| 2015-08-31 | $2.90K | -99.96% |
| 2014-08-31 | $8.00 Million | -14.75% |
| 2013-08-31 | $9.38 Million | +3.01% |
| 2012-08-31 | $9.11 Million | +12.26% |
| 2011-08-31 | $8.11 Million | +709.13% |
| 2010-08-31 | $1.00 Million | +666.09% |
| 2009-08-31 | $130.90K | -33.85% |
| 2008-08-31 | $197.89K | +74.63% |
| 2007-08-31 | $113.32K | -- |