Rapid Lithium Limited
Rapid Critical Metals Limited engages in the exploration and evaluation of mineral resource properties in Africa, the United States, and internationally. It explores for nickel and copper deposits. It holds 100% interest in the Nyanga Magmatic nickel copper project with two exploration licenses covering an area of approximately 2,725 square kilometers located in Southern Gabon. The company also h… Read more
Rapid Lithium Limited (RLL) - Net Assets
Latest net assets as of December 2024: AU$-10.56 Million AUD
Based on the latest financial reports, Rapid Lithium Limited (RLL) has net assets worth AU$-10.56 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$9.88 Million) and total liabilities (AU$20.44 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$-10.56 Million |
| % of Total Assets | -106.92% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 118.85 |
Rapid Lithium Limited - Net Assets Trend (2021–2024)
This chart illustrates how Rapid Lithium Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rapid Lithium Limited (2021–2024)
The table below shows the annual net assets of Rapid Lithium Limited from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$-10.56 Million | -278.60% |
| 2023-12-31 | AU$5.91 Million | -14.43% |
| 2022-12-31 | AU$6.91 Million | -40.55% |
| 2021-12-31 | AU$11.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rapid Lithium Limited'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 2988996100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | AU$31.63 Million | % |
| Total Equity | AU$-11.75 Million | 100.00% |
Rapid Lithium Limited Competitors by Market Cap
The table below lists competitors of Rapid Lithium Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KADANT
BE:KDA
|
$2.31 Million |
|
Millennium Silver Corp
V:MSC
|
$2.31 Million |
|
INSULET
BE:GOV
|
$2.31 Million |
|
Société Hôtelière et Immobilière de Nice S.A
PA:MLHIN
|
$2.31 Million |
|
Chic Republic PCL
BK:CHIC
|
$2.31 Million |
|
Tuju Setia Bhd
KLSE:5297
|
$2.31 Million |
|
Willy Food
TA:WLFD
|
$2.31 Million |
|
Euroasia Total Logistics PCL
BK:ETL
|
$2.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rapid Lithium Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,764,125 to -11,754,912, a change of -16,519,037 (-346.7%).
- Net loss of 20,549,910 reduced equity.
- Share repurchases of 146,686 reduced equity.
- New share issuances of 1,350,000 increased equity.
- Other factors increased equity by 2,827,559.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-20.55 Million | -174.82% |
| Share Repurchases | AU$146.69K | -1.25% |
| Share Issuances | AU$1.35 Million | +11.48% |
| Other Changes | AU$2.83 Million | +24.05% |
| Total Change | AU$- | -346.74% |
Book Value vs Market Value Analysis
This analysis compares Rapid Lithium Limited'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 |
|---|---|---|---|
| 2021-12-31 | AU$0.09 | AU$0.03 | x |
| 2022-12-31 | AU$0.05 | AU$0.03 | x |
| 2023-12-31 | AU$0.02 | AU$0.03 | x |
| 2024-12-31 | AU$-0.02 | AU$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rapid Lithium Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-47.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -26.59% | 0.00% | 0.00x | 1.34x | AU$-4.25 Million |
| 2022 | -69.34% | 0.00% | 0.00x | 2.11x | AU$-5.48 Million |
| 2023 | -95.47% | 0.00% | 0.00x | 3.35x | AU$-5.02 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-19.37 Million |
Industry Comparison
This section compares Rapid Lithium Limited'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: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rapid Lithium Limited (RLL) | AU$-10.56 Million | -26.59% | N/A | $2.31 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 |