Carbine Resources Ltd
Carbine Resources Limited engages in the exploration and evaluation of mineral properties in Western Australia. The company explores for silica sand deposits. Its flagship project is the 100% owned Muchea West Silica Sand project which consist of granted exploration licence and a mining licence application covering approximately a land area of 102 square kilometre located to the north of Perth; a… Read more
Carbine Resources Ltd (CRB) - Net Assets
Latest net assets as of June 2025: AU$9.80 Million AUD
Based on the latest financial reports, Carbine Resources Ltd (CRB) has net assets worth AU$9.80 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$10.01 Million) and total liabilities (AU$209.80K). 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$9.80 Million |
| % of Total Assets | 97.9% |
| Annual Growth Rate | 3.63% |
| 5-Year Change | 250.62% |
| 10-Year Change | 249.7% |
| Growth Volatility | 123.61 |
Carbine Resources Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Carbine Resources 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 Carbine Resources Ltd (2007–2024)
The table below shows the annual net assets of Carbine Resources Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$8.90 Million | -8.46% |
| 2023-12-31 | AU$9.72 Million | -0.08% |
| 2022-12-31 | AU$9.73 Million | -13.27% |
| 2021-12-31 | AU$11.22 Million | +342.00% |
| 2020-12-31 | AU$2.54 Million | -5.82% |
| 2019-12-31 | AU$2.69 Million | -23.00% |
| 2018-12-31 | AU$3.50 Million | -12.95% |
| 2017-12-31 | AU$4.02 Million | -40.69% |
| 2016-12-31 | AU$6.78 Million | +166.37% |
| 2015-12-31 | AU$2.54 Million | -39.50% |
| 2014-12-31 | AU$4.21 Million | -22.89% |
| 2013-12-31 | AU$5.45 Million | -15.52% |
| 2012-12-31 | AU$6.46 Million | -6.27% |
| 2011-12-31 | AU$6.89 Million | -19.83% |
| 2010-12-31 | AU$8.59 Million | +356.11% |
| 2009-12-31 | AU$1.88 Million | -5.66% |
| 2008-12-31 | AU$2.00 Million | -58.86% |
| 2007-12-31 | AU$4.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carbine Resources 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 3624668400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$40.93 Million | 460.01% |
| Other Comprehensive Income | AU$4.98 Million | 56.00% |
| Total Equity | AU$8.90 Million | 100.00% |
Carbine Resources Ltd Competitors by Market Cap
The table below lists competitors of Carbine Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ludwig Enterprises Inc
PINK:LUDG
|
$2.85 Million |
|
Wira Global Solusi Tbk PT
JK:WGSH
|
$2.85 Million |
|
Enablence Technologies Inc
PINK:ENAFF
|
$2.85 Million |
|
4Front Ventures Corp
OTCQX:FFNTF
|
$2.85 Million |
|
Atreyu Capital Markets Ltd
TA:ATRY
|
$2.84 Million |
|
Tyranna Resources Ltd
AU:TYX
|
$2.84 Million |
|
KLARSEN EO -20
F:4YA
|
$2.84 Million |
|
Robot S.A.
MC:RBT
|
$2.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carbine Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,720,347 to 8,897,528, a change of -822,819 (-8.5%).
- Net loss of 926,617 reduced equity.
- Other comprehensive income increased equity by 103,798.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-926.62K | -10.41% |
| Other Comprehensive Income | AU$103.80K | +1.17% |
| Total Change | AU$- | -8.46% |
Book Value vs Market Value Analysis
This analysis compares Carbine Resources 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: 0.34x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.05x to 0.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | AU$0.11 | AU$0.01 | x |
| 2008-12-31 | AU$0.04 | AU$0.01 | x |
| 2009-12-31 | AU$0.04 | AU$0.01 | x |
| 2010-12-31 | AU$0.12 | AU$0.01 | x |
| 2011-12-31 | AU$0.06 | AU$0.01 | x |
| 2012-12-31 | AU$0.05 | AU$0.01 | x |
| 2013-12-31 | AU$0.04 | AU$0.01 | x |
| 2014-12-31 | AU$0.03 | AU$0.01 | x |
| 2015-12-31 | AU$0.02 | AU$0.01 | x |
| 2016-12-31 | AU$0.04 | AU$0.01 | x |
| 2017-12-31 | AU$0.02 | AU$0.01 | x |
| 2018-12-31 | AU$0.02 | AU$0.01 | x |
| 2019-12-31 | AU$0.01 | AU$0.01 | x |
| 2020-12-31 | AU$0.01 | AU$0.01 | x |
| 2021-12-31 | AU$0.04 | AU$0.01 | x |
| 2022-12-31 | AU$0.02 | AU$0.01 | x |
| 2023-12-31 | AU$0.02 | AU$0.01 | x |
| 2024-12-31 | AU$0.02 | AU$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carbine Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2927.24%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-10.41%) is above the historical average (-44.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -15.82% | -552.52% | 0.03x | 1.04x | AU$-1.25 Million |
| 2008 | -251.47% | -4483.04% | 0.05x | 1.03x | AU$-5.22 Million |
| 2009 | 1.18% | 4.17% | 0.28x | 1.00x | AU$-166.08K |
| 2010 | -63.04% | -6787.05% | 0.01x | 1.04x | AU$-6.28 Million |
| 2011 | -101.81% | -1491.91% | 0.06x | 1.16x | AU$-7.70 Million |
| 2012 | -7.68% | -38719.75% | 0.00x | 1.01x | AU$-1.14 Million |
| 2013 | -20.11% | -618.43% | 0.03x | 1.01x | AU$-1.64 Million |
| 2014 | -33.31% | -799.80% | 0.04x | 1.02x | AU$-1.82 Million |
| 2015 | -72.91% | -2065.43% | 0.03x | 1.05x | AU$-2.11 Million |
| 2016 | -66.43% | -7067.28% | 0.01x | 1.03x | AU$-5.18 Million |
| 2017 | -62.34% | -2266.52% | 0.03x | 1.07x | AU$-2.91 Million |
| 2018 | -14.89% | -905.43% | 0.02x | 1.01x | AU$-870.92K |
| 2019 | -29.87% | -8047.71% | 0.00x | 1.04x | AU$-1.07 Million |
| 2020 | -6.19% | -1543.45% | 0.00x | 1.01x | AU$-410.76K |
| 2021 | -15.83% | -15209.94% | 0.00x | 1.03x | AU$-2.90 Million |
| 2022 | -15.30% | -5649.56% | 0.00x | 1.01x | AU$-2.46 Million |
| 2023 | -13.30% | -2173.58% | 0.01x | 1.00x | AU$-2.26 Million |
| 2024 | -10.41% | -2927.24% | 0.00x | 1.01x | AU$-1.82 Million |
Industry Comparison
This section compares Carbine Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carbine Resources Ltd (CRB) | AU$9.80 Million | -15.82% | 0.02x | $2.84 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |