Thinkific Labs Inc (THNC) - Total Assets
Based on the latest financial reports, Thinkific Labs Inc (THNC) holds total assets worth CA$62.66 Million CAD (≈ $45.33 Million USD) as of December 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. See THNC net assets for net asset value and shareholders' equity analysis.
Thinkific Labs Inc - Total Assets Trend (2019–2025)
This chart illustrates how Thinkific Labs Inc's total assets have evolved over time, based on quarterly financial data.
Thinkific Labs Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
Thinkific Labs Inc's total assets of CA$62.66 Million consist of 95.0% current assets and 5.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 12.5% |
| Accounts Receivable | CA$5.90 Million | 9.4% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$180.67K | 0.3% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2019–2025)
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. For live market cap, price, and company overview, see Thinkific Labs Inc stock valuation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thinkific Labs Inc's current assets represent 95.0% of total assets in 2025, an increase from 82.1% in 2019.
- Cash Position: Cash and equivalents constituted 12.5% of total assets in 2025, down 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 9.4% 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 |
|---|---|---|
|
Salesforce.com Inc
NYSE:CRM
|
USA | $112.31 Billion |
|
PTC Inc
NASDAQ:PTC
|
USA | $6.43 Billion |
|
Xero Ltd
AU:XRO
|
Australia | AU$6.10 Billion |
|
Geovis Technology Co Ltd
SHG:688568
|
China | CN¥8.65 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Beijing eGOVA
SHE:300075
|
China | CN¥4.07 Billion |
|
Fujian Foxit Software Development Joint Stock Co Ltd
SHG:688095
|
China | CN¥3.72 Billion |
|
Beijing Join-Cheer Software Co Ltd
SHE:002279
|
China | CN¥2.23 Billion |
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 | 3.24 | 3.16 | 1.34 |
| Quick Ratio | 3.24 | 3.16 | 1.34 |
| Cash Ratio | 0.00 | 2.69 | 0.00 |
| Working Capital | CA$41.17 Million | CA$39.63 Million | CA$2.67 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 | 1.80 |
| Latest Market Cap to Assets Ratio | 1.24 |
| Asset Growth Rate (YoY) | 2.1% |
| Total Assets | CA$62.66 Million |
| Market Capitalization | $77.57 Million USD |
Valuation Analysis
Above Book Valuation: The market values Thinkific Labs Inc's assets above their book value (1.24x), reflecting positive investor sentiment about the company's future prospects.
Positive Asset Growth: Thinkific Labs Inc's assets grew by 2.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Thinkific Labs Inc (2019–2025)
The table below shows the annual total assets of Thinkific Labs Inc from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CA$62.66 Million ≈ $45.33 Million |
+2.11% |
| 2024-12-31 | CA$61.37 Million ≈ $44.39 Million |
-37.25% |
| 2023-12-31 | CA$97.79 Million ≈ $70.74 Million |
-5.03% |
| 2022-12-31 | CA$102.97 Million ≈ $74.49 Million |
-22.23% |
| 2021-12-31 | CA$132.40 Million ≈ $95.78 Million |
+923.53% |
| 2020-12-31 | CA$12.94 Million ≈ $9.36 Million |
+126.46% |
| 2019-12-31 | CA$5.71 Million ≈ $4.13 Million |
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About 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.