GAS2GRID Ltd
Gas2Grid Limited, together with subsidiaries, operates as a petroleum exploration company. It holds a 100% interest in the St Griede license located in onshore Aquitaine Basin, France. The company was incorporated in 2004 and is based in Sydney, Australia.
GAS2GRID Ltd (GGX) - Net Assets
Latest net assets as of December 2024: AU$-6.81 Million AUD
Based on the latest financial reports, GAS2GRID Ltd (GGX) has net assets worth AU$-6.81 Million AUD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$153.78K) and total liabilities (AU$6.96 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$-6.81 Million |
| % of Total Assets | -4427.86% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -183.75% |
| Growth Volatility | 71.46 |
GAS2GRID Ltd - Net Assets Trend (2005–2024)
This chart illustrates how GAS2GRID 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 GAS2GRID Ltd (2005–2024)
The table below shows the annual net assets of GAS2GRID Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$-6.15 Million | -16.94% |
| 2023-06-30 | AU$-5.26 Million | -7.28% |
| 2022-06-30 | AU$-4.90 Million | +55.40% |
| 2021-06-30 | AU$-10.99 Million | +1.44% |
| 2020-06-30 | AU$-11.15 Million | -13.23% |
| 2019-06-30 | AU$-9.84 Million | -10.18% |
| 2018-06-30 | AU$-8.94 Million | -12.28% |
| 2017-06-30 | AU$-7.96 Million | -21.77% |
| 2016-06-30 | AU$-6.54 Million | -189.02% |
| 2015-06-30 | AU$7.34 Million | -39.89% |
| 2014-06-30 | AU$12.21 Million | +1.20% |
| 2013-06-30 | AU$12.07 Million | -26.25% |
| 2012-06-30 | AU$16.36 Million | +94.28% |
| 2011-06-30 | AU$8.42 Million | +8.86% |
| 2010-06-30 | AU$7.74 Million | +60.99% |
| 2009-06-30 | AU$4.81 Million | -18.08% |
| 2008-06-30 | AU$5.87 Million | +57.50% |
| 2007-06-30 | AU$3.72 Million | -12.73% |
| 2006-06-30 | AU$4.27 Million | -54.12% |
| 2005-06-30 | AU$9.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GAS2GRID 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 4526653500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$38.94 Million | % |
| Other Comprehensive Income | AU$319.80K | % |
| Total Equity | AU$-6.15 Million | 100.00% |
GAS2GRID Ltd Competitors by Market Cap
The table below lists competitors of GAS2GRID Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NETFONDS AG VNA O.N.
F:NF4
|
$750.65K |
|
Heartbeam Inc. Warrant
NASDAQ:BEATW
|
$750.91K |
|
SHAREHOLD VAL BET. - Dusseldorf Stock Exchang
DU:SVE
|
$751.18K |
|
Respiratorius AB (publ)
F:HF00
|
$752.26K |
|
Accelerate Property Fund Ltd
JSE:APF
|
$750.08K |
|
KNeoMedia Limited
PINK:KNEOF
|
$749.97K |
|
Ayima Group AB Series B
ST:AYIMA-B
|
$749.72K |
|
Safe and Green Development Corporation
NASDAQ:SGD
|
$749.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GAS2GRID Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -5,257,495 to -6,148,219, a change of -890,724.
- Net loss of 890,724 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-890.72K | -14.49% |
| Total Change | AU$- | % |
Book Value vs Market Value Analysis
This analysis compares GAS2GRID 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | AU$0.21 | AU$0.00 | x |
| 2006-06-30 | AU$0.06 | AU$0.00 | x |
| 2007-06-30 | AU$0.05 | AU$0.00 | x |
| 2008-06-30 | AU$0.04 | AU$0.00 | x |
| 2009-06-30 | AU$0.03 | AU$0.00 | x |
| 2010-06-30 | AU$0.03 | AU$0.00 | x |
| 2011-06-30 | AU$0.02 | AU$0.00 | x |
| 2012-06-30 | AU$0.04 | AU$0.00 | x |
| 2013-06-30 | AU$0.02 | AU$0.00 | x |
| 2014-06-30 | AU$0.01 | AU$0.00 | x |
| 2015-06-30 | AU$0.01 | AU$0.00 | x |
| 2016-06-30 | AU$-0.01 | AU$0.00 | x |
| 2017-06-30 | AU$-0.01 | AU$0.00 | x |
| 2018-06-30 | AU$-0.01 | AU$0.00 | x |
| 2019-06-30 | AU$-0.01 | AU$0.00 | x |
| 2020-06-30 | AU$-0.01 | AU$0.00 | x |
| 2021-06-30 | AU$-0.01 | AU$0.00 | x |
| 2022-06-30 | AU$0.00 | AU$0.00 | x |
| 2023-06-30 | AU$0.00 | AU$0.00 | x |
| 2024-06-30 | AU$0.00 | AU$0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GAS2GRID Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41429.02%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-16.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -1.56% | -322.63% | 0.00x | 1.02x | AU$-1.08 Million |
| 2006 | -43.53% | -1786.54% | 0.02x | 1.55x | AU$-2.28 Million |
| 2007 | -8.64% | -1788.89% | 0.00x | 1.95x | AU$-694.50K |
| 2008 | -7.36% | -332.31% | 0.02x | 1.37x | AU$-1.02 Million |
| 2009 | -58.78% | -16617.65% | 0.00x | 1.44x | AU$-3.31 Million |
| 2010 | -14.01% | -4169.23% | 0.00x | 1.11x | AU$-1.86 Million |
| 2011 | -26.81% | -16128.57% | 0.00x | 1.07x | AU$-3.10 Million |
| 2012 | -7.44% | -7284.67% | 0.00x | 1.05x | AU$-2.85 Million |
| 2013 | -69.81% | -168480.00% | 0.00x | 1.52x | AU$-9.63 Million |
| 2014 | -15.87% | -16150.00% | 0.00x | 1.42x | AU$-3.16 Million |
| 2015 | -71.82% | -4419.85% | 0.01x | 1.80x | AU$-6.01 Million |
| 2016 | 0.00% | -8501.08% | 0.70x | 0.00x | AU$-13.57 Million |
| 2017 | 0.00% | -2610.00% | 0.86x | 0.00x | AU$-687.19K |
| 2018 | 0.00% | -6901.85% | 0.09x | 0.00x | AU$-632.46K |
| 2019 | 0.00% | -52391.97% | 0.00x | 0.00x | AU$51.92K |
| 2020 | 0.00% | -1060555.56% | 0.00x | 0.00x | AU$-794.27K |
| 2021 | 0.00% | -1612500.00% | 0.00x | 0.00x | AU$-836.29K |
| 2022 | 0.00% | 962571.00% | 0.00x | 0.00x | AU$2.42 Million |
| 2023 | 0.00% | -4576.92% | 0.01x | 0.00x | AU$168.75K |
| 2024 | 0.00% | -41429.02% | 0.05x | 0.00x | AU$-275.90K |
Industry Comparison
This section compares GAS2GRID 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: $46,092,534
- Average return on equity (ROE) among peers: -760.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GAS2GRID Ltd (GGX) | AU$-6.81 Million | -1.56% | N/A | $750.13K |
| 88 Energy Ltd (88E) | $148.64 Million | -22.08% | 0.00x | $22.73 Million |
| Amplitude Energy Ltd (AEL) | $49.07 Million | 11.28% | 0.11x | $454.30 Million |
| Australis Oil & Gas Ltd (ATS) | $78.08 Million | -19.61% | 0.33x | $14.34 Million |
| Bass Oil Ltd (BAS) | $6.81 Million | 3.96% | 0.67x | $9.10 Million |
| Blue Energy Ltd (BLU) | $69.67K | -2360.96% | 0.02x | $5.44 Million |
| Buru Energy Ltd (BRU) | $16.49 Million | -78.92% | 0.93x | $8.81 Million |
| Beetaloo Energy Australia Limited (BTL) | $1.97 Million | -40.48% | 0.19x | $128.43 Million |
| Cooper Energy Ltd (COE) | $125.10 Million | 1.00% | 0.09x | $277.90 Million |
| Comet Ridge Ltd (COI) | $43.52K | -5096.27% | 0.44x | $86.62 Million |
| Conrad Asia Energy Ltd (CRD) | $34.66 Million | -0.02% | 0.05x | $31.33 Million |