Horseshoe Metals Ltd (HOR) - Net Assets

Latest as of June 2025: AU$-1.61 Million AUD ≈ $-1.14 Million USD

Based on the latest financial reports, Horseshoe Metals Ltd (HOR) has net assets worth AU$-1.61 Million AUD (≈ $-1.14 Million USD) 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 ≈ $6.60 Million USD) and total liabilities (AU$10.94 Million ≈ $7.74 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 HOR cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Horseshoe Metals Ltd (HOR) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Horseshoe Metals Ltd.

Year	Net Assets	Change
2024-12-31	AU$-1.25 Million ≈ $-883.56K	-122.78%
2023-12-31	AU$-560.53K ≈ $-396.61K	+63.45%
2022-12-31	AU$-1.53 Million ≈ $-1.09 Million	+16.48%
2021-12-31	AU$-1.84 Million ≈ $-1.30 Million	+34.55%
2020-12-31	AU$-2.81 Million ≈ $-1.99 Million	-15.57%
2019-12-31	AU$-2.43 Million ≈ $-1.72 Million	-29.08%
2018-12-31	AU$-1.88 Million ≈ $-1.33 Million	-51.63%
2017-12-31	AU$-1.24 Million ≈ $-877.57K	-204.57%
2016-12-31	AU$1.19 Million ≈ $839.18K	-11.34%
2015-12-31	AU$1.34 Million ≈ $946.52K	-52.43%
2014-12-31	AU$2.81 Million ≈ $1.99 Million	+16.69%
2013-12-31	AU$2.41 Million ≈ $1.71 Million	-75.75%
2012-12-31	AU$9.94 Million ≈ $7.03 Million	+57.02%
2011-12-31	AU$6.33 Million ≈ $4.48 Million	-25.33%
2010-12-31	AU$8.48 Million ≈ $6.00 Million	+99.66%
2009-12-31	AU$4.25 Million ≈ $3.00 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
Taoping Inc NASDAQ:TAOP	$12.20 Million
TRANSTEMA GROUP AB O.N. F:9G8	$12.20 Million
ABM Fujiya Bhd KLSE:5198	$12.20 Million
Miliboo SA PA:ALMLB	$12.20 Million
COSMOS HEALTH NEW DL-01 F:V67A	$12.18 Million
QPR Software Oyj HE:QPR1V	$12.18 Million
Mason Capital Corporation KQ:021880	$12.17 Million
Samfine Creation Holdings Group Limited NASDAQ:SFHG	$12.16 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$0.02	x
2010-12-31	AU$0.29	AU$0.02	x
2011-12-31	AU$0.11	AU$0.02	x
2012-12-31	AU$0.15	AU$0.02	x
2013-12-31	AU$0.03	AU$0.02	x
2014-12-31	AU$0.02	AU$0.02	x
2015-12-31	AU$0.01	AU$0.02	x
2016-12-31	AU$0.01	AU$0.02	x
2017-12-31	AU$-0.01	AU$0.02	x
2018-12-31	AU$-0.01	AU$0.02	x
2019-12-31	AU$-0.01	AU$0.02	x
2020-12-31	AU$-0.01	AU$0.02	x
2021-12-31	AU$-0.01	AU$0.02	x
2022-12-31	AU$0.00	AU$0.02	x
2023-12-31	AU$0.00	AU$0.02	x
2024-12-31	AU$0.00	AU$0.02	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: $5,711,623
Average return on equity (ROE) among peers: -27.49%

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	$12.19 Million
Morella Corporation Ltd (1MC)	$16.53 Million	-35.29%	0.29x	$8.08 Million
Amaero Ltd (3DA)	$29.43 Million	-63.84%	0.70x	$252.75 Million
6K Additive Inc (6KA)	$-42.72 Million	0.00%	0.00x	$160.74 Million
Atlantic Lithium Ltd (A11)	$789.39K	-143.95%	0.47x	$151.02 Million
African Gold Ltd (A1G)	$11.13 Million	-22.75%	0.07x	$419.02 Million
Albright Metals Ltd (ABR)	$10.99 Million	-9.29%	0.07x	$3.68 Million
Audalia Resources Ltd (ACP)	$4.75 Million	-16.80%	1.00x	$14.72 Million
Accent Resources NL (ACS)	$4.38 Million	-14.12%	0.03x	$16.28 Million
Acdc Metals Ltd (ADC)	$10.58 Million	-4.74%	0.03x	$3.13 Million
Andromeda Metals Ltd (ADN)	$11.27 Million	35.85%	0.04x	$26.17 Million

About Horseshoe Metals Ltd

AU:HOR Australia Other Industrial Metals & Mining

Market Cap

$12.19 Million

AU$17.23 Million AUD

Market Cap Rank

#26361 Global

#1268 in Australia

Share Price

AU$0.02

Change (1 day)

-4.17%

52-Week Range

AU$0.02 - AU$0.05

All Time High

AU$0.05