Meeka Metals Ltd (MEK) - Net Assets
Based on the latest financial reports, Meeka Metals Ltd (MEK) has net assets worth AU$151.63 Million AUD (≈ $107.29 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$180.53 Million ≈ $127.73 Million USD) and total liabilities (AU$28.89 Million ≈ $20.44 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 MEK cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$151.63 Million |
| % of Total Assets | 83.99% |
| Annual Growth Rate | 13.02% |
| 5-Year Change | 701.42% |
| 10-Year Change | N/A |
| Growth Volatility | 385.94 |
Meeka Metals Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Meeka Metals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Meeka Metals Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Meeka Metals Ltd (2000–2025)
The table below shows the annual net assets of Meeka Metals Ltd from 2000 to 2025. For live valuation and market cap data, see market value of Meeka Metals Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$151.63 Million ≈ $107.29 Million |
+443.15% |
| 2024-06-30 | AU$27.92 Million ≈ $19.75 Million |
+9.84% |
| 2023-06-30 | AU$25.42 Million ≈ $17.98 Million |
+41.21% |
| 2022-06-30 | AU$18.00 Million ≈ $12.74 Million |
-4.87% |
| 2021-06-30 | AU$18.92 Million ≈ $13.39 Million |
+494.61% |
| 2020-06-30 | AU$3.18 Million ≈ $2.25 Million |
-9.41% |
| 2019-06-30 | AU$3.51 Million ≈ $2.49 Million |
-27.55% |
| 2018-06-30 | AU$4.85 Million ≈ $3.43 Million |
+73.96% |
| 2017-06-30 | AU$2.79 Million ≈ $1.97 Million |
+1117.83% |
| 2016-06-30 | AU$-273.79K ≈ $-193.72K |
-194.79% |
| 2015-06-30 | AU$288.82K ≈ $204.36K |
-70.40% |
| 2014-06-30 | AU$975.80K ≈ $690.44K |
-54.32% |
| 2013-06-30 | AU$2.14 Million ≈ $1.51 Million |
+183.53% |
| 2012-06-30 | AU$753.43K ≈ $533.10K |
-30.74% |
| 2011-06-30 | AU$1.09 Million ≈ $769.73K |
-2.78% |
| 2010-06-30 | AU$1.12 Million ≈ $791.74K |
+550.79% |
| 2009-06-30 | AU$171.94K ≈ $121.66K |
-79.36% |
| 2008-06-30 | AU$833.01K ≈ $589.41K |
-27.31% |
| 2007-06-30 | AU$1.15 Million ≈ $810.87K |
+1663.08% |
| 2006-06-30 | AU$65.00K ≈ $45.99K |
-99.18% |
| 2005-06-30 | AU$7.92 Million ≈ $5.61 Million |
-38.71% |
| 2004-06-30 | AU$12.93 Million ≈ $9.15 Million |
+1035.00% |
| 2003-06-30 | AU$-1.38 Million ≈ $-978.56K |
-249.68% |
| 2002-06-30 | AU$924.00K ≈ $653.79K |
-77.96% |
| 2001-06-30 | AU$4.19 Million ≈ $2.97 Million |
-41.07% |
| 2000-06-30 | AU$7.11 Million ≈ $5.03 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Meeka 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 4318687100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$195.86 Million | 129.17% |
| Other Comprehensive Income | AU$3.23 Million | 2.13% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$151.63 Million | 100.00% |
Meeka Metals Ltd Competitors by Market Cap
The table below lists competitors of Meeka Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Erdene Resource Development Corp
TO:ERD
|
$281.52 Million |
|
Qudian Inc
NYSE:QD
|
$281.53 Million |
|
Cogstate Ltd
AU:CGS
|
$281.61 Million |
|
I-Sheng Electric Wire & Cable Co Ltd
TW:6115
|
$281.73 Million |
|
Jindal Worldwide Limited
NSE:JINDWORLD
|
$281.15 Million |
|
Sangam (India) Limited
NSE:SANGAMIND
|
$281.10 Million |
|
Marine Products Corporation
NYSE:MPX
|
$281.04 Million |
|
EuroHold Bulgaria AD
WAR:EHG
|
$280.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meeka Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,917,105 to 151,631,696, a change of 123,714,591 (443.1%).
- Net loss of 4,241,912 reduced equity.
- Share repurchases of 134,427,270 reduced equity.
- Other comprehensive income decreased equity by 121,565.
- Other factors increased equity by 262,505,338.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-4.24 Million | -2.8% |
| Share Repurchases | AU$134.43 Million | -88.65% |
| Other Comprehensive Income | AU$-121.56K | -0.08% |
| Other Changes | AU$262.51 Million | +173.12% |
| Total Change | AU$- | 443.15% |
Book Value vs Market Value Analysis
This analysis compares Meeka 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
- Current price-to-book ratio: 1.89x
- 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 0.00x to 1.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-06-30 | AU$28.99 | AU$0.14 | x |
| 2001-06-30 | AU$19.37 | AU$0.14 | x |
| 2002-06-30 | AU$4.07 | AU$0.14 | x |
| 2003-06-30 | AU$-5.78 | AU$0.14 | x |
| 2004-06-30 | AU$17.11 | AU$0.14 | x |
| 2005-06-30 | AU$2.47 | AU$0.14 | x |
| 2006-06-30 | AU$0.03 | AU$0.14 | x |
| 2007-06-30 | AU$0.17 | AU$0.14 | x |
| 2008-06-30 | AU$0.12 | AU$0.14 | x |
| 2009-06-30 | AU$0.02 | AU$0.14 | x |
| 2010-06-30 | AU$0.15 | AU$0.14 | x |
| 2011-06-30 | AU$0.12 | AU$0.14 | x |
| 2012-06-30 | AU$0.08 | AU$0.14 | x |
| 2013-06-30 | AU$0.08 | AU$0.14 | x |
| 2014-06-30 | AU$0.04 | AU$0.14 | x |
| 2015-06-30 | AU$0.01 | AU$0.14 | x |
| 2016-06-30 | AU$-0.01 | AU$0.14 | x |
| 2017-06-30 | AU$0.03 | AU$0.14 | x |
| 2018-06-30 | AU$0.03 | AU$0.14 | x |
| 2019-06-30 | AU$0.01 | AU$0.14 | x |
| 2020-06-30 | AU$0.01 | AU$0.14 | x |
| 2021-06-30 | AU$0.04 | AU$0.14 | x |
| 2022-06-30 | AU$0.02 | AU$0.14 | x |
| 2023-06-30 | AU$0.02 | AU$0.14 | x |
| 2024-06-30 | AU$0.02 | AU$0.14 | x |
| 2025-06-30 | AU$0.07 | AU$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meeka Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -306.24%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.19x
- Recent ROE (-2.80%) is above the historical average (-33.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -0.13% | 0.00% | 0.00x | 2.45x | AU$-698.30K |
| 2001 | 10.42% | 1.55% | 2.26x | 2.98x | AU$18.90K |
| 2002 | 0.87% | 0.23% | 0.54x | 7.06x | AU$-83.60K |
| 2003 | 0.00% | -443.04% | 1.02x | 0.00x | AU$-2.95 Million |
| 2004 | 2.62% | 10.97% | 0.13x | 1.84x | AU$-718.30K |
| 2005 | 6.88% | 3.01% | 0.89x | 2.57x | AU$-158.60K |
| 2006 | 460.00% | 0.00% | 0.00x | 2.58x | AU$292.50K |
| 2007 | -17.98% | 0.00% | 0.00x | 1.01x | AU$-320.60K |
| 2008 | -39.86% | -25132.48% | 0.00x | 1.05x | AU$-415.30K |
| 2009 | -386.76% | 0.00% | 0.00x | 1.58x | AU$-682.19K |
| 2010 | -23.15% | 0.00% | 0.00x | 1.09x | AU$-370.90K |
| 2011 | -22.80% | 0.00% | 0.00x | 1.10x | AU$-356.79K |
| 2012 | -44.33% | 0.00% | 0.00x | 1.20x | AU$-409.34K |
| 2013 | -14.98% | 0.00% | 0.00x | 1.03x | AU$-533.62K |
| 2014 | -119.29% | 0.00% | 0.00x | 1.12x | AU$-1.26 Million |
| 2015 | -519.35% | 0.00% | 0.00x | 2.25x | AU$-1.53 Million |
| 2016 | 0.00% | -1655.21% | 0.13x | 0.00x | AU$-535.23K |
| 2017 | -23.50% | -2992.23% | 0.01x | 1.04x | AU$-933.67K |
| 2018 | -31.33% | -41961.33% | 0.00x | 1.05x | AU$-2.00 Million |
| 2019 | -38.02% | -2137.62% | 0.02x | 1.02x | AU$-1.69 Million |
| 2020 | -10.38% | -723.82% | 0.01x | 1.01x | AU$-648.63K |
| 2021 | -18.18% | -12482.63% | 0.00x | 1.21x | AU$-5.33 Million |
| 2022 | -16.63% | -9978.60% | 0.00x | 1.24x | AU$-4.79 Million |
| 2023 | -3.91% | -497.00% | 0.01x | 1.19x | AU$-3.54 Million |
| 2024 | -10.54% | -6037.35% | 0.00x | 1.27x | AU$-5.73 Million |
| 2025 | -2.80% | -306.24% | 0.01x | 1.19x | AU$-19.41 Million |
Industry Comparison
This section compares Meeka Metals Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $7,107,544
- Average return on equity (ROE) among peers: -107.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meeka Metals Ltd (MEK) | AU$151.63 Million | -0.13% | 0.19x | $281.39 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $3.19 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $59.56 Million |
| Aruma Resources Ltd (AAJ) | $4.26 Million | -76.11% | 0.14x | $5.69 Million |
| Astral Resources NL (AAR) | $11.28 Million | 49.48% | 0.09x | $197.52 Million |
| Antilles Gold Ltd (AAU) | $4.86 Million | 10.22% | 0.16x | $28.68 Million |
| Adelong Gold Ltd (ADG) | $2.90 Million | -71.05% | 0.15x | $11.32 Million |
| Ardiden Ltd (ADV) | $1.30 Million | -752.46% | 0.85x | $58.54 Million |
| Australian Gold and Copper Ltd (AGC) | $17.69 Million | -3.27% | 0.01x | $33.34 Million |
| Ark Mines Ltd (AHK) | $1.27 Million | -210.75% | 0.02x | $17.91 Million |
| Alkane Resources Ltd (ALK) | $303.00K | -0.66% | 2.68x | $1.39 Billion |
About Meeka Metals Ltd
Meeka Metals Limited engages in the exploration and development of gold properties in Western Australia. The company flagship property is the 100% owned Murchison Gold project located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022. Meeka Metals Limited was incorporated in 1997… Read more