Horseshoe Metals Ltd

AU:HOR Australia Other Industrial Metals & Mining
Market Cap
$16.23 Million
AU$26.22 Million AUD
Market Cap Rank
#29072 Global
#782 in Australia
Share Price
AU$0.04
Change (1 day)
+0.00%
52-Week Range
AU$0.01 - AU$0.05
All Time High
AU$0.05
Categories
Companies in Australia Other Industrial Metals & Mining
About

Horseshoe Metals Limited engages in the development, exploration, and evaluation of mineral properties in Australia. It primarily explores for copper and gold deposits. The company owns 100% interests in the Horseshoe Lights project that comprises seventeen tenements covering an area of approximately 340 square kilometers located in Bryah Basin region of Western Australia. Horseshoe Metals Limite… Read more

Horseshoe Metals Ltd (HOR) - Net Assets

Latest net assets as of June 2025: AU$-1.61 Million AUD

Based on the latest financial reports, Horseshoe Metals Ltd (HOR) has net assets worth AU$-1.61 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$9.33 Million) and total liabilities (AU$10.94 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$-1.61 Million
% of Total Assets -17.3%
Annual Growth Rate N/A
5-Year Change N/A
10-Year Change -193.35%
Growth Volatility 86.43

Horseshoe Metals Ltd - Net Assets Trend (2009–2024)

This chart illustrates how Horseshoe Metals 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 Horseshoe Metals Ltd (2009–2024)

The table below shows the annual net assets of Horseshoe Metals Ltd from 2009 to 2024.

Year Net Assets Change
2024-12-31 AU$-1.25 Million -122.78%
2023-12-31 AU$-560.53K +63.45%
2022-12-31 AU$-1.53 Million +16.48%
2021-12-31 AU$-1.84 Million +34.55%
2020-12-31 AU$-2.81 Million -15.57%
2019-12-31 AU$-2.43 Million -29.08%
2018-12-31 AU$-1.88 Million -51.63%
2017-12-31 AU$-1.24 Million -204.57%
2016-12-31 AU$1.19 Million -11.34%
2015-12-31 AU$1.34 Million -52.43%
2014-12-31 AU$2.81 Million +16.69%
2013-12-31 AU$2.41 Million -75.75%
2012-12-31 AU$9.94 Million +57.02%
2011-12-31 AU$6.33 Million -25.33%
2010-12-31 AU$8.48 Million +99.66%
2009-12-31 AU$4.25 Million --

Equity Component Analysis

This analysis shows how different components contribute to Horseshoe Metals 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 2310012300.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock AU$26.11 Million %
Other Comprehensive Income AU$361.68K %
Total Equity AU$-1.25 Million 100.00%

Horseshoe Metals Ltd Competitors by Market Cap

The table below lists competitors of Horseshoe Metals Ltd ranked by their market capitalization.

Company Market Cap
Dala Energi AB
ST:DE
 		$8.85 Million
Elbit Imaging Ltd
PINK:EMITF
 		$8.86 Million
Quartiers Properties AB
ST:QUART
 		$8.86 Million
Villar
TA:VILR
 		$8.86 Million
UOB Kay Hian Securities (Thailand) Public Company Limited
BK:UOBKH
 		$8.84 Million
va-Q-tec AG
PINK:VAQTF
 		$8.84 Million
SAIHEAT Limited
NASDAQ:SAIH
 		$8.84 Million
Minda Global Bhd
KLSE:5166
 		$8.84 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Horseshoe Metals Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from -560,526 to -1,248,729, a change of -688,203.
  • Net loss of 845,655 reduced equity.
  • Other comprehensive income decreased equity by 115,803.
  • Other factors increased equity by 273,255.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income AU$-845.65K -67.72%
Other Comprehensive Income AU$-115.80K -9.27%
Other Changes AU$273.25K +21.88%
Total Change AU$- %

Book Value vs Market Value Analysis

This analysis compares Horseshoe Metals 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
2009-12-31 AU$0.48 AU$0.04 x
2010-12-31 AU$0.29 AU$0.04 x
2011-12-31 AU$0.11 AU$0.04 x
2012-12-31 AU$0.15 AU$0.04 x
2013-12-31 AU$0.03 AU$0.04 x
2014-12-31 AU$0.02 AU$0.04 x
2015-12-31 AU$0.01 AU$0.04 x
2016-12-31 AU$0.01 AU$0.04 x
2017-12-31 AU$-0.01 AU$0.04 x
2018-12-31 AU$-0.01 AU$0.04 x
2019-12-31 AU$-0.01 AU$0.04 x
2020-12-31 AU$-0.01 AU$0.04 x
2021-12-31 AU$-0.01 AU$0.04 x
2022-12-31 AU$0.00 AU$0.04 x
2023-12-31 AU$0.00 AU$0.04 x
2024-12-31 AU$0.00 AU$0.04 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Horseshoe Metals 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: -7100.97%
  • • Asset Turnover: 0.00x
  • • Equity Multiplier: 0.00x
  • Recent ROE (0.00%) is above the historical average (-40.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2009 -0.17% 0.00% 0.00x 1.63x AU$-431.68K
2010 -6.26% -371.18% 0.01x 1.36x AU$-1.38 Million
2011 -39.71% -1373.53% 0.02x 1.68x AU$-3.15 Million
2012 -15.10% -1471.70% 0.01x 1.46x AU$-2.50 Million
2013 -349.80% -11877.71% 0.01x 2.90x AU$-8.67 Million
2014 -46.13% -2966.10% 0.01x 2.58x AU$-1.58 Million
2015 -112.01% -889.07% 0.03x 4.99x AU$-1.63 Million
2016 -73.22% -1523617.54% 0.00x 5.61x AU$-987.06K
2017 0.00% 0.00% 0.00x 0.00x AU$-2.30 Million
2018 0.00% -230.54% 0.04x 0.00x AU$-452.32K
2019 0.00% 0.00% 0.00x 0.00x AU$-504.14K
2020 0.00% -26605.95% 0.00x 0.00x AU$-891.44K
2021 0.00% -2475.17% 0.01x 0.00x AU$-2.13 Million
2022 0.00% -11012.28% 0.00x 0.00x AU$-2.21 Million
2023 0.00% -15010.17% 0.00x 0.00x AU$-1.24 Million
2024 0.00% -7100.97% 0.00x 0.00x AU$-720.78K

Industry Comparison

This section compares Horseshoe Metals 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
Horseshoe Metals Ltd (HOR) AU$-1.61 Million -0.17% N/A $8.85 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