Zinc8 Energy Solutions Inc
Abound Energy Inc., a development-stage company, focuses on developing zinc-air batteries. The company was formerly known as Zinc8 Energy Solutions Inc. and changed its name to Abound Energy Inc. in January 2024. Abound Energy Inc. was incorporated in 2011 and is headquartered in Vancouver, Canada.
Zinc8 Energy Solutions Inc (ZAIRF) - Total Assets
Latest total assets as of September 2025: $454.59K USD
Based on the latest financial reports, Zinc8 Energy Solutions Inc (ZAIRF) holds total assets worth $454.59K 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.
Zinc8 Energy Solutions Inc - Total Assets Trend (2016–2024)
This chart illustrates how Zinc8 Energy Solutions Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Zinc8 Energy Solutions Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Zinc8 Energy Solutions Inc's total assets of $454.59K consist of 18.8% current assets and 81.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.3% |
| Accounts Receivable | $70.10K | 6.0% |
| 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 (2016–2024)
This chart illustrates how Zinc8 Energy Solutions 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: Zinc8 Energy Solutions Inc's current assets represent 18.8% of total assets in 2024, an increase from 2.1% in 2016.
- Cash Position: Cash and equivalents constituted 0.3% of total assets in 2024, down from 1.0% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 97.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 6.0% of total assets.
Zinc8 Energy Solutions Inc Competitors by Total Assets
Key competitors of Zinc8 Energy Solutions Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
Zinc8 Energy Solutions 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 - Zinc8 Energy Solutions Inc generates 0.07x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Zinc8 Energy Solutions Inc is currently not profitable relative to its asset base.
Zinc8 Energy Solutions 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 | 0.03 | 0.13 | 1.24 |
| Quick Ratio | 0.03 | 0.13 | 1.27 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.01 Million | $ -2.14 Million | $ 328.46K |
Zinc8 Energy Solutions Inc - Advanced Valuation Insights
This section examines the relationship between Zinc8 Energy Solutions 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 | 5.20 |
| Latest Market Cap to Assets Ratio | 1.31 |
| Asset Growth Rate (YoY) | -41.2% |
| Total Assets | $1.18 Million |
| Market Capitalization | $1.54 Million USD |
Valuation Analysis
Above Book Valuation: The market values Zinc8 Energy Solutions Inc's assets above their book value (1.31 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Zinc8 Energy Solutions Inc's assets decreased by 41.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Zinc8 Energy Solutions Inc (2016–2024)
The table below shows the annual total assets of Zinc8 Energy Solutions Inc from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.18 Million | -41.18% |
| 2023-12-31 | $2.00 Million | -75.95% |
| 2022-12-31 | $8.31 Million | -35.52% |
| 2021-12-31 | $12.89 Million | +79.49% |
| 2020-12-31 | $7.18 Million | +28.37% |
| 2019-12-31 | $5.59 Million | +7.17% |
| 2018-12-31 | $5.22 Million | +4.68% |
| 2017-12-31 | $4.99 Million | -57.56% |
| 2016-12-31 | $11.75 Million | -- |