Blue Star Helium Ltd (BNL) - Net Assets
Based on the latest financial reports, Blue Star Helium Ltd (BNL) has net assets worth AU$7.91 Million AUD (≈ $5.60 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$40.63 Million ≈ $28.75 Million USD) and total liabilities (AU$32.72 Million ≈ $23.15 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Blue Star Helium Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$7.91 Million |
| % of Total Assets | 19.47% |
| Annual Growth Rate | N/A |
| 5-Year Change | -63.88% |
| 10-Year Change | N/A |
| Growth Volatility | 447.12 |
Blue Star Helium Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Blue Star Helium Ltd's net assets have evolved over time, based on quarterly financial data. See Blue Star Helium Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Blue Star Helium Ltd (1993–2025)
The table below shows the annual net assets of Blue Star Helium Ltd from 1993 to 2025. For live valuation and market cap data, see market value of Blue Star Helium Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$7.91 Million ≈ $5.60 Million |
-24.10% |
| 2024-12-31 | AU$10.43 Million ≈ $7.38 Million |
-52.44% |
| 2023-12-31 | AU$21.92 Million ≈ $15.51 Million |
+17.03% |
| 2022-12-31 | AU$18.73 Million ≈ $13.25 Million |
-14.52% |
| 2021-12-31 | AU$21.91 Million ≈ $15.50 Million |
+160.40% |
| 2020-12-31 | AU$8.41 Million ≈ $5.95 Million |
+570.16% |
| 2019-12-31 | AU$1.26 Million ≈ $888.37K |
+1001.34% |
| 2018-12-31 | AU$114.00K ≈ $80.66K |
+100.24% |
| 2017-12-31 | AU$-48.21 Million ≈ $-34.11 Million |
-6.07% |
| 2016-12-31 | AU$-45.45 Million ≈ $-32.16 Million |
-10.77% |
| 2015-12-31 | AU$-41.03 Million ≈ $-29.03 Million |
-1765.18% |
| 2014-12-31 | AU$2.46 Million ≈ $1.74 Million |
-97.92% |
| 2013-12-31 | AU$118.36 Million ≈ $83.75 Million |
+51.49% |
| 2012-12-31 | AU$78.13 Million ≈ $55.28 Million |
-11.90% |
| 2011-12-31 | AU$88.69 Million ≈ $62.75 Million |
-13.64% |
| 2010-12-31 | AU$102.70 Million ≈ $72.66 Million |
+909.79% |
| 2009-12-31 | AU$10.17 Million ≈ $7.20 Million |
+304.21% |
| 2008-12-31 | AU$2.52 Million ≈ $1.78 Million |
+150.59% |
| 2007-12-31 | AU$-4.97 Million ≈ $-3.52 Million |
-114.28% |
| 2006-12-31 | AU$34.81 Million ≈ $24.63 Million |
+26.74% |
| 2005-12-31 | AU$27.47 Million ≈ $19.44 Million |
-14.73% |
| 2004-12-31 | AU$32.22 Million ≈ $22.80 Million |
+0.54% |
| 2003-12-31 | AU$32.04 Million ≈ $22.67 Million |
-16.71% |
| 2002-12-31 | AU$38.47 Million ≈ $27.22 Million |
+50.13% |
| 2001-12-31 | AU$25.62 Million ≈ $18.13 Million |
+39.95% |
| 2000-12-31 | AU$18.31 Million ≈ $12.95 Million |
+7.82% |
| 1999-12-31 | AU$16.98 Million ≈ $12.01 Million |
+8.19% |
| 1998-12-31 | AU$15.69 Million ≈ $11.11 Million |
+37.81% |
| 1997-12-31 | AU$11.39 Million ≈ $8.06 Million |
+3.03% |
| 1996-12-31 | AU$11.05 Million ≈ $7.82 Million |
-18.87% |
| 1995-12-31 | AU$13.63 Million ≈ $9.64 Million |
+158.37% |
| 1994-12-31 | AU$5.27 Million ≈ $3.73 Million |
+1046.86% |
| 1993-12-31 | AU$-557.00K ≈ $-394.11K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Star Helium Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3626036100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$44.01 Million | 556.14% |
| Other Comprehensive Income | AU$704.94K | 8.91% |
| Total Equity | AU$7.91 Million | 100.00% |
Blue Star Helium Ltd Competitors by Market Cap
The table below lists competitors of Blue Star Helium Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GWR Group Ltd
AU:GWR
|
$22.90 Million |
|
Andromeda Metals Ltd
AU:ADN
|
$22.90 Million |
|
TherapeuticsMD Inc
NASDAQ:TXMD
|
$22.92 Million |
|
BG T&A Co
KQ:046310
|
$22.92 Million |
|
Hamama
TA:HMAM
|
$22.89 Million |
|
Plaza Wires Limited
NSE:PLAZACABLE
|
$22.89 Million |
|
SeaTwirl AB
ST:STW
|
$22.89 Million |
|
Pulsenmore Ltd
TA:PULS
|
$22.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Star Helium Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,425,326 to 7,912,822, a change of -2,512,504 (-24.1%).
- Net loss of 8,503,178 reduced equity.
- Share repurchases of 6,620,000 reduced equity.
- New share issuances of 6,620,000 increased equity.
- Other comprehensive income decreased equity by 2,023,362.
- Other factors increased equity by 8,014,036.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-8.50 Million | -107.46% |
| Share Repurchases | AU$6.62 Million | -83.66% |
| Share Issuances | AU$6.62 Million | +83.66% |
| Other Comprehensive Income | AU$-2.02 Million | -25.57% |
| Other Changes | AU$8.01 Million | +101.28% |
| Total Change | AU$- | -24.10% |
Book Value vs Market Value Analysis
This analysis compares Blue Star Helium Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | AU$-0.13 | AU$0.01 | x |
| 1994-12-31 | AU$2.02 | AU$0.01 | x |
| 1995-12-31 | AU$3.81 | AU$0.01 | x |
| 1996-12-31 | AU$2.59 | AU$0.01 | x |
| 1997-12-31 | AU$2.71 | AU$0.01 | x |
| 1998-12-31 | AU$2.99 | AU$0.01 | x |
| 1999-12-31 | AU$2.59 | AU$0.01 | x |
| 2000-12-31 | AU$2.72 | AU$0.01 | x |
| 2001-12-31 | AU$3.45 | AU$0.01 | x |
| 2002-12-31 | AU$3.62 | AU$0.01 | x |
| 2003-12-31 | AU$3.01 | AU$0.01 | x |
| 2004-12-31 | AU$3.02 | AU$0.01 | x |
| 2005-12-31 | AU$3.57 | AU$0.01 | x |
| 2006-12-31 | AU$3.29 | AU$0.01 | x |
| 2007-12-31 | AU$-0.47 | AU$0.01 | x |
| 2008-12-31 | AU$0.22 | AU$0.01 | x |
| 2009-12-31 | AU$0.75 | AU$0.01 | x |
| 2010-12-31 | AU$5.43 | AU$0.01 | x |
| 2011-12-31 | AU$4.91 | AU$0.01 | x |
| 2012-12-31 | AU$4.53 | AU$0.01 | x |
| 2013-12-31 | AU$6.91 | AU$0.01 | x |
| 2014-12-31 | AU$0.15 | AU$0.01 | x |
| 2015-12-31 | AU$-2.56 | AU$0.01 | x |
| 2016-12-31 | AU$-2.84 | AU$0.01 | x |
| 2017-12-31 | AU$-3.01 | AU$0.01 | x |
| 2018-12-31 | AU$0.00 | AU$0.01 | x |
| 2019-12-31 | AU$0.00 | AU$0.01 | x |
| 2020-12-31 | AU$0.01 | AU$0.01 | x |
| 2021-12-31 | AU$0.02 | AU$0.01 | x |
| 2022-12-31 | AU$0.01 | AU$0.01 | x |
| 2023-12-31 | AU$0.01 | AU$0.01 | x |
| 2024-12-31 | AU$0.00 | AU$0.01 | x |
| 2025-12-31 | AU$0.00 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Star Helium Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -107.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -171435.04%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 5.13x
- Recent ROE (-107.46%) is above the historical average (-221.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 0.00% | -52.06% | 0.84x | 0.00x | AU$-539.30K |
| 1994 | -18.94% | -127.00% | 0.14x | 1.03x | AU$-1.53 Million |
| 1995 | -4.72% | -100.70% | 0.05x | 1.03x | AU$-2.01 Million |
| 1996 | -24.51% | -134.45% | 0.18x | 1.04x | AU$-3.81 Million |
| 1997 | -27.67% | 0.00% | 0.00x | 1.02x | AU$-4.29 Million |
| 1998 | -20.74% | 0.00% | 0.00x | 1.01x | AU$-4.83 Million |
| 1999 | -8.60% | -50.61% | 0.17x | 1.01x | AU$-3.16 Million |
| 2000 | -9.47% | -194.29% | 0.05x | 1.02x | AU$-3.56 Million |
| 2001 | -26.34% | -328.39% | 0.08x | 1.07x | AU$-9.31 Million |
| 2002 | 0.75% | 1.85% | 0.33x | 1.22x | AU$-3.56 Million |
| 2003 | -25.78% | -40.04% | 0.43x | 1.51x | AU$-11.46 Million |
| 2004 | 3.82% | 5.33% | 0.43x | 1.67x | AU$-1.99 Million |
| 2005 | 14.54% | 369.31% | 0.03x | 1.29x | AU$1.73 Million |
| 2006 | -16.07% | -233.32% | 0.05x | 1.35x | AU$-9.08 Million |
| 2007 | 0.00% | -1257.09% | 0.16x | 0.00x | AU$-36.89 Million |
| 2008 | 23.89% | 7.42% | 0.37x | 8.79x | AU$349.40K |
| 2009 | -31.41% | -94.69% | 0.13x | 2.56x | AU$-4.21 Million |
| 2010 | 73.40% | 1953.33% | 0.03x | 1.35x | AU$65.11 Million |
| 2011 | -4.21% | -41.86% | 0.07x | 1.39x | AU$-12.60 Million |
| 2012 | -10.15% | -29.89% | 0.18x | 1.88x | AU$-15.74 Million |
| 2013 | 19.38% | 2280.62% | 0.00x | 1.75x | AU$11.11 Million |
| 2014 | -5552.11% | -2755.92% | 0.09x | 23.20x | AU$-137.05 Million |
| 2015 | 0.00% | -1235.47% | 0.41x | 0.00x | AU$-44.14 Million |
| 2016 | 0.00% | -976.87% | 0.21x | 0.00x | AU$-2.13 Million |
| 2017 | 0.00% | -686.93% | 0.63x | 0.00x | AU$2.45 Million |
| 2018 | -1281.81% | -2908.04% | 0.08x | 5.58x | AU$-1.47 Million |
| 2019 | -72.24% | -8403.18% | 0.01x | 1.64x | AU$-1.03 Million |
| 2020 | -20.09% | -29993.31% | 0.00x | 1.07x | AU$-2.53 Million |
| 2021 | -6.37% | -16340.24% | 0.00x | 1.04x | AU$-3.59 Million |
| 2022 | -32.12% | -48809.48% | 0.00x | 1.05x | AU$-7.89 Million |
| 2023 | -14.26% | -39046.33% | 0.00x | 1.03x | AU$-5.32 Million |
| 2024 | -125.30% | -150827.53% | 0.00x | 2.18x | AU$-14.11 Million |
| 2025 | -107.46% | -171435.04% | 0.00x | 5.13x | AU$-9.29 Million |
Industry Comparison
This section compares Blue Star Helium Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $36,278,321
- Average return on equity (ROE) among peers: -16.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Star Helium Ltd (BNL) | AU$7.91 Million | 0.00% | 4.13x | $22.90 Million |
| 88 Energy Ltd (88E) | $55.53 Million | -15.14% | 0.47x | $19.78 Million |
| ADX Energy Ltd (ADX) | $11.69 Million | -35.70% | 2.09x | $15.19 Million |
| Australis Oil & Gas Ltd (ATS) | $48.16 Million | -14.25% | 0.02x | $15.74 Million |
| Bass Oil Ltd (BAS) | $1.17 Million | -37.03% | 2.66x | $12.72 Million |
| Blue Energy Ltd (BLU) | $19.09 Million | 21.71% | 0.64x | $8.52 Million |
| Beach Energy Ltd (BPT) | $17.77 Million | 0.79% | 1.29x | $1.65 Billion |
| Brookside Energy Ltd (BRK) | $17.34 Million | -21.33% | 0.04x | $28.64 Million |
| Buru Energy Ltd (BRU) | $43.45 Million | -24.74% | 0.42x | $8.51 Million |
| Beetaloo Energy Australia Limited (BTL) | $112.30 Million | -19.66% | 0.53x | $277.17 Million |
About Blue Star Helium Ltd
Blue Star Helium Limited engages in the exploration, development, and production of helium in North America. It also produces oil and gas. The company was formerly known as Big Star Energy Limited and changed its name to Blue Star Helium Limited in April 2020. Blue Star Helium Limited was incorporated in 1987 and is headquartered in Subiaco, Australia.