Comet Ridge Ltd
Comet Ridge Limited engages in the oil and gas exploration, appraisal, and development activities in Australia. The company's flagship property is the Mahalo Gas Hub which consists of 2 reserves and 2 contingent resources of 676 petajoules located in southern Bowen Basin. Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.
Comet Ridge Ltd (COI) - Net Assets
Latest net assets as of June 2025: AU$80.32 Million AUD
Based on the latest financial reports, Comet Ridge Ltd (COI) has net assets worth AU$80.32 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$125.00 Million) and total liabilities (AU$44.68 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$80.32 Million |
| % of Total Assets | 64.26% |
| Annual Growth Rate | 11.88% |
| 5-Year Change | 59.33% |
| 10-Year Change | 276594.92% |
| Growth Volatility | 21491.79 |
Comet Ridge Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Comet Ridge Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Comet Ridge Ltd (2004–2025)
The table below shows the annual net assets of Comet Ridge Ltd from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$80.32 Million | +10.78% |
| 2024-06-30 | AU$72.51 Million | +12.74% |
| 2023-06-30 | AU$64.31 Million | +35.27% |
| 2022-06-30 | AU$47.55 Million | -5.68% |
| 2021-06-30 | AU$50.41 Million | -11.19% |
| 2020-06-30 | AU$56.76 Million | +100937.83% |
| 2019-06-30 | AU$56.17K | +29.07% |
| 2018-06-30 | AU$43.52K | +32.74% |
| 2017-06-30 | AU$32.79K | +12.95% |
| 2016-06-30 | AU$29.03K | -11.28% |
| 2015-06-30 | AU$32.72K | -23.46% |
| 2014-06-30 | AU$42.75K | -99.91% |
| 2013-06-30 | AU$47.12 Million | +5.57% |
| 2012-06-30 | AU$44.64 Million | +10.61% |
| 2011-06-30 | AU$40.36 Million | +4.31% |
| 2010-06-30 | AU$38.69 Million | -11.47% |
| 2009-06-30 | AU$43.70 Million | +317.30% |
| 2008-06-30 | AU$10.47 Million | -32.91% |
| 2007-06-30 | AU$15.61 Million | +73.66% |
| 2006-06-30 | AU$8.99 Million | +31.45% |
| 2005-06-30 | AU$6.84 Million | -10.05% |
| 2004-06-30 | AU$7.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comet Ridge 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 11587165500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$196.57 Million | 244.74% |
| Total Equity | AU$80.32 Million | 100.00% |
Comet Ridge Ltd Competitors by Market Cap
The table below lists competitors of Comet Ridge Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Outbrain Inc
NASDAQ:OB
|
$80.45 Million |
|
Omada Health, Inc. Common Stock
NASDAQ:OMDA
|
$80.49 Million |
|
Neo Technical System Co. Ltd
KQ:085910
|
$80.50 Million |
|
Nivika Fastigheter AB Series B
ST:NIVI-B
|
$80.50 Million |
|
Unitika Ltd
PINK:UNIKF
|
$80.41 Million |
|
Visiomed Group SA
PINK:VMDGF
|
$80.39 Million |
|
Bursa De Valori Bucuresti SA
RO:BVB
|
$80.39 Million |
|
Powercell Sweden
ST:PCELL
|
$80.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comet Ridge Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 72,506,000 to 80,319,000, a change of 7,813,000 (10.8%).
- Net loss of 2,470,000 reduced equity.
- Share repurchases of 646,000 reduced equity.
- New share issuances of 12,028,000 increased equity.
- Other comprehensive income decreased equity by 1,561,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.47 Million | -3.08% |
| Share Repurchases | AU$646.00K | -0.8% |
| Share Issuances | AU$12.03 Million | +14.98% |
| Other Comprehensive Income | AU$-1.56 Million | -1.94% |
| Other Changes | AU$462.00K | +0.58% |
| Total Change | AU$- | 10.78% |
Book Value vs Market Value Analysis
This analysis compares Comet Ridge 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: 1.90x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.55x to 1.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | AU$0.24 | AU$0.13 | x |
| 2005-06-30 | AU$0.09 | AU$0.13 | x |
| 2006-06-30 | AU$0.12 | AU$0.13 | x |
| 2007-06-30 | AU$0.02 | AU$0.13 | x |
| 2008-06-30 | AU$0.09 | AU$0.13 | x |
| 2009-06-30 | AU$0.06 | AU$0.13 | x |
| 2010-06-30 | AU$0.05 | AU$0.13 | x |
| 2011-06-30 | AU$0.05 | AU$0.13 | x |
| 2012-06-30 | AU$0.06 | AU$0.13 | x |
| 2013-06-30 | AU$0.06 | AU$0.13 | x |
| 2014-06-30 | AU$0.00 | AU$0.13 | x |
| 2015-06-30 | AU$0.00 | AU$0.13 | x |
| 2016-06-30 | AU$0.00 | AU$0.13 | x |
| 2017-06-30 | AU$0.00 | AU$0.13 | x |
| 2018-06-30 | AU$0.00 | AU$0.13 | x |
| 2019-06-30 | AU$0.00 | AU$0.13 | x |
| 2020-06-30 | AU$0.07 | AU$0.13 | x |
| 2021-06-30 | AU$0.06 | AU$0.13 | x |
| 2022-06-30 | AU$0.06 | AU$0.13 | x |
| 2023-06-30 | AU$0.07 | AU$0.13 | x |
| 2024-06-30 | AU$0.07 | AU$0.13 | x |
| 2025-06-30 | AU$0.07 | AU$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comet Ridge Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -88.56%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.56x
- Recent ROE (-3.08%) is above the historical average (-5673.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -5.03% | -578.79% | 0.01x | 1.03x | AU$-1.14 Million |
| 2005 | -11.17% | 0.00% | 0.00x | 1.03x | AU$-1.45 Million |
| 2006 | -7.37% | -941.88% | 0.01x | 1.05x | AU$-1.56 Million |
| 2007 | -6.80% | -25243.64% | 0.00x | 1.11x | AU$-2.62 Million |
| 2008 | -40.97% | -6404.48% | 0.01x | 1.11x | AU$-5.34 Million |
| 2009 | -49.63% | 0.00% | 0.00x | 1.13x | AU$-26.06 Million |
| 2010 | -12.66% | 0.00% | 0.00x | 1.14x | AU$-8.77 Million |
| 2011 | 3.06% | 583.51% | 0.00x | 1.07x | AU$-2.80 Million |
| 2012 | 8.25% | 55.96% | 0.14x | 1.07x | AU$-780.51K |
| 2013 | -14.83% | 0.00% | 0.00x | 1.14x | AU$-11.70 Million |
| 2014 | -31818.18% | 0.00% | 0.00x | 1.39x | AU$-13.61 Million |
| 2015 | -56756.43% | -34387037.04% | 0.00x | 1.41x | AU$-18.57 Million |
| 2016 | -12773.87% | -10300000.00% | 0.00x | 1.50x | AU$-3.71 Million |
| 2017 | -11034.52% | -14472.00% | 0.49x | 1.55x | AU$-3.62 Million |
| 2018 | -5096.27% | -1260.23% | 2.82x | 1.44x | AU$-2.22 Million |
| 2019 | -7122.39% | -1180.24% | 4.34x | 1.39x | AU$-4.01 Million |
| 2020 | -18.31% | -11177.42% | 0.00x | 1.40x | AU$-16.07 Million |
| 2021 | -13.81% | -34800.00% | 0.00x | 1.51x | AU$-12.00 Million |
| 2022 | -18.16% | -143900.00% | 0.00x | 2.30x | AU$-13.39 Million |
| 2023 | -10.21% | -4290.85% | 0.00x | 1.73x | AU$-13.00 Million |
| 2024 | -9.88% | -3655.61% | 0.00x | 1.66x | AU$-14.42 Million |
| 2025 | -3.08% | -88.56% | 0.02x | 1.56x | AU$-10.50 Million |
Industry Comparison
This section compares Comet Ridge 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: $91,376,870
- Average return on equity (ROE) among peers: -30.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comet Ridge Ltd (COI) | AU$80.32 Million | -5.03% | 0.56x | $80.43 Million |
| 88 Energy Ltd (88E) | $16.65 Million | -41.39% | 0.05x | $24.11 Million |
| Amplitude Energy Ltd (AEL) | $14.30 Million | -31.18% | 0.07x | $435.72 Million |
| Australis Oil & Gas Ltd (ATS) | $74.02 Million | -18.05% | 0.39x | $14.34 Million |
| Bass Oil Ltd (BAS) | $5.30 Million | -108.46% | 0.21x | $9.29 Million |
| Blue Energy Ltd (BLU) | $69.79 Million | -2.14% | 0.03x | $4.99 Million |
| Buru Energy Ltd (BRU) | $109.54 Million | -5.03% | 0.46x | $8.44 Million |
| Beetaloo Energy Australia Limited (BTL) | $3.40 Million | -15.94% | 1.42x | $135.70 Million |
| Cooper Energy Ltd (COE) | $498.43 Million | -2.12% | 1.57x | $277.90 Million |
| Conrad Asia Energy Ltd (CRD) | $30.97 Million | -47.33% | 0.16x | $31.07 Million |