Latitude 66 Ltd
Latitude 66 Limited engages in exploration and development of gold and base metals mineral resources in Finland and Australia. The company also explores for cobalt deposits. Its flagship project is the Kuusamo Schist Belt Project located in Finland. Latitude 66 Limited is based in West Perth, Australia.
Latitude 66 Ltd (LAT) - Net Assets
Latest net assets as of June 2025: AU$17.02 Million AUD
Based on the latest financial reports, Latitude 66 Ltd (LAT) has net assets worth AU$17.02 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$17.90 Million) and total liabilities (AU$875.58K). 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$17.02 Million |
| % of Total Assets | 95.11% |
| Annual Growth Rate | 19.63% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 85.86 |
Latitude 66 Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Latitude 66 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 Latitude 66 Ltd (2021–2025)
The table below shows the annual net assets of Latitude 66 Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$17.02 Million | -39.35% |
| 2024-06-30 | AU$28.07 Million | +184.13% |
| 2023-06-30 | AU$9.88 Million | +29.27% |
| 2022-06-30 | AU$7.64 Million | -8.05% |
| 2021-06-30 | AU$8.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Latitude 66 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 grown by 1618190300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$26.45 Million | 155.37% |
| Other Comprehensive Income | AU$2.08 Million | 12.24% |
| Total Equity | AU$17.02 Million | 100.00% |
Latitude 66 Ltd Competitors by Market Cap
The table below lists competitors of Latitude 66 Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Madison Metals Inc.
OTCQB:MMTLF
|
$8.67 Million |
|
Morien Resources Corp
PINK:APMCF
|
$8.67 Million |
|
CARTIER SILVER CORP
F:2CI0
|
$8.68 Million |
|
Educational Development Corporation
NASDAQ:EDUC
|
$8.68 Million |
|
Micro Leasing Public Company Limited
BK:MICRO
|
$8.67 Million |
|
Rifa Ind
KO:000760
|
$8.66 Million |
|
InterServ International Inc.
TWO:6169
|
$8.66 Million |
|
Olidata S.p.A.
F:OL40
|
$8.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Latitude 66 Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,067,165 to 17,021,575, a change of -11,045,590 (-39.4%).
- Net loss of 13,269,570 reduced equity.
- Other comprehensive income increased equity by 2,158,200.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-13.27 Million | -77.96% |
| Other Comprehensive Income | AU$2.16 Million | +12.68% |
| Other Changes | AU$65.78K | +0.39% |
| Total Change | AU$- | -39.35% |
Book Value vs Market Value Analysis
This analysis compares Latitude 66 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: 1.47x
- 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 0.28x to 1.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.49 | AU$0.14 | x |
| 2022-06-30 | AU$0.30 | AU$0.14 | x |
| 2023-06-30 | AU$0.30 | AU$0.14 | x |
| 2024-06-30 | AU$0.74 | AU$0.14 | x |
| 2025-06-30 | AU$0.10 | AU$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Latitude 66 Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -77.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -54472.78%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-77.96%) is below the historical average (-22.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -8.94% | 0.00% | 0.00x | 1.04x | AU$-1.57 Million |
| 2022 | -10.71% | 0.00% | 0.00x | 1.06x | AU$-1.58 Million |
| 2023 | -6.37% | -1452.82% | 0.00x | 1.04x | AU$-1.62 Million |
| 2024 | -8.25% | -128710.22% | 0.00x | 1.07x | AU$-5.12 Million |
| 2025 | -77.96% | -54472.78% | 0.00x | 1.05x | AU$-14.97 Million |
Industry Comparison
This section compares Latitude 66 Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Latitude 66 Ltd (LAT) | AU$17.02 Million | -8.94% | 0.05x | $8.67 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |