Thinkific Labs Inc
Thinkific Labs Inc. engages in the development, marketing, and support management of cloud-based platform in Canada, the United States, and internationally. Its platform enables entrepreneurs and established businesses to create, market, sell, and deliver online courses and other learning products. The company was incorporated in 2012 and is headquartered in Vancouver, Canada.
Thinkific Labs Inc (THNCF) - Total Assets
Latest total assets as of September 2025: $62.44 Million USD
Based on the latest financial reports, Thinkific Labs Inc (THNCF) holds total assets worth $62.44 Million 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.
Thinkific Labs Inc - Total Assets Trend (2019–2024)
This chart illustrates how Thinkific Labs Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Thinkific Labs Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Thinkific Labs Inc's total assets of $62.44 Million consist of 94.5% current assets and 5.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 80.7% |
| Accounts Receivable | $5.22 Million | 8.5% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $135.92K | 0.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Thinkific Labs 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: Thinkific Labs Inc's current assets represent 94.5% of total assets in 2024, an increase from 82.1% in 2019.
- Cash Position: Cash and equivalents constituted 80.7% of total assets in 2024, up from 64.6% 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 accounts receivable at 8.5% of total assets.
Thinkific Labs Inc Competitors by Total Assets
Key competitors of Thinkific Labs Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Thinkific Labs 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 - Thinkific Labs Inc generates 1.09x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Thinkific Labs Inc is currently not profitable relative to its asset base.
Thinkific Labs 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 | 3.21 | 3.22 | 1.68 |
| Quick Ratio | 3.21 | 3.22 | 1.82 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $40.84 Million | $ 40.34 Million | $ 4.60 Million |
Thinkific Labs Inc - Advanced Valuation Insights
This section examines the relationship between Thinkific Labs 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 | 2.28 |
| Latest Market Cap to Assets Ratio | 0.89 |
| Asset Growth Rate (YoY) | -37.2% |
| Total Assets | $61.37 Million |
| Market Capitalization | $54.72 Million USD |
Valuation Analysis
Near Book Valuation: The market values Thinkific Labs Inc's assets close to their book value ( 0.89x), suggesting investors view the company's assets at approximately fair value.
Significant Asset Reduction: Thinkific Labs Inc's assets decreased by 37.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Thinkific Labs Inc (2019–2024)
The table below shows the annual total assets of Thinkific Labs Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $61.37 Million | -37.25% |
| 2023-12-31 | $97.79 Million | -5.03% |
| 2022-12-31 | $102.97 Million | -22.23% |
| 2021-12-31 | $132.40 Million | +923.53% |
| 2020-12-31 | $12.94 Million | +126.46% |
| 2019-12-31 | $5.71 Million | -- |