Third Bench Inc.
Third Bench Inc. provides cabinets, countertops, and millwork in the Western and Southwestern United States. The company offers design and installation services. It serves general contractors and home builders. The company was formerly known as New America Energy Corp. and changed its name to Third Bench Inc. in October 2023. Third Bench Inc. was incorporated in 2006 and is based in Salt Lake Cit… Read more
Third Bench Inc. (THBD) - Total Assets
Latest total assets as of November 2025: $211.00 USD
Based on the latest financial reports, Third Bench Inc. (THBD) holds total assets worth $211.00 USD as of November 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.
Third Bench Inc. - Total Assets Trend (2019–2025)
This chart illustrates how Third Bench Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Third Bench Inc. - Asset Composition Analysis
Current Asset Composition (August 2025)
Third Bench Inc.'s total assets of $211.00 consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 100.0% |
| Accounts Receivable | $0.00 | 0.0% |
| 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 (2019–2025)
This chart illustrates how Third Bench 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: Third Bench Inc.'s current assets represent 100.0% of total assets in 2025, unchanged from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 100.0% of total assets in 2025, up from 45.2% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Third Bench Inc. Competitors by Total Assets
Key competitors of Third Bench Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Midea Group Co Ltd
SHE:000333
|
China | CN¥593.31 Billion |
|
Gree Electric Appliances Inc of Zhuhai
SHE:000651
|
China | CN¥399.22 Billion |
|
Hisense Kelon Electrical Holdings Co Ltd
SHE:000921
|
China | CN¥71.93 Billion |
|
Suncha Technology Co Ltd
SHE:001211
|
China | CN¥1.86 Billion |
|
Beijing Liven Technology Co. Ltd.
SHE:001259
|
China | CN¥838.81 Million |
|
De Rucci Healthy Sleep Co. Ltd.
SHE:001323
|
China | CN¥7.71 Billion |
|
Tongda Smart Tech (Xiamen) Co. Ltd. A
SHE:001368
|
China | CN¥1.73 Billion |
|
Hefei Snowky Elec Co Ltd
SHE:001387
|
China | CN¥2.43 Billion |
Third Bench 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 - Third Bench Inc. generates 2.38x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Third Bench Inc. is currently not profitable relative to its asset base.
Third Bench 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 | 1.05 |
| Quick Ratio | 0.00 | 0.00 | 0.50 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.96 Million | $ -2.55 Million | $ 373.53K |
Third Bench Inc. - Advanced Valuation Insights
This section examines the relationship between Third Bench 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 | - |
| Latest Market Cap to Assets Ratio | 5.08 |
| Asset Growth Rate (YoY) | 744.0% |
| Total Assets | $211.00 |
| Market Capitalization | $1.07K USD |
Valuation Analysis
Premium Asset Valuation: The market values Third Bench Inc.'s assets at a significant premium ( 5.08x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Third Bench Inc.'s assets grew by 744.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Third Bench Inc. (2019–2025)
The table below shows the annual total assets of Third Bench Inc. from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-08-31 | $211.00 | +744.00% |
| 2024-08-31 | $25.00 | -100.00% |
| 2023-08-31 | $7.30 Million | -29.64% |
| 2022-08-31 | $10.38 Million | -30.09% |
| 2021-08-31 | $14.85 Million | +333.65% |
| 2020-08-31 | $3.42 Million | +9710.91% |
| 2019-08-31 | $34.90K | -- |