XTC Lithium Limited
XTC Lithium Limited engages in the exploration and evaluation of mineral properties in Western Australia. Its flagship exploration project is the Southern Cross gold project that comprises 16 prospecting licenses and 7 exploration licenses with a combined area of 197 square kilometers located in Western Australia. The company was formerly known as Xantippe Resources Limited and changed its name t… Read more
XTC Lithium Limited (XTC) - Net Assets
Latest net assets as of June 2024: AU$35.70 Million AUD
Based on the latest financial reports, XTC Lithium Limited (XTC) has net assets worth AU$35.70 Million AUD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$40.71 Million) and total liabilities (AU$5.02 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$35.70 Million |
| % of Total Assets | 87.68% |
| Annual Growth Rate | 11.04% |
| 5-Year Change | 1918.83% |
| 10-Year Change | N/A |
| Growth Volatility | 931.21 |
XTC Lithium Limited - Net Assets Trend (2008–2024)
This chart illustrates how XTC 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 XTC Lithium Limited (2008–2024)
The table below shows the annual net assets of XTC Lithium Limited from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | AU$35.70 Million | -10.84% |
| 2023-06-30 | AU$40.04 Million | +361.09% |
| 2022-06-30 | AU$8.68 Million | +3699.90% |
| 2021-06-30 | AU$228.52K | -87.08% |
| 2020-06-30 | AU$1.77 Million | +366.50% |
| 2019-06-30 | AU$379.06K | -21.21% |
| 2018-06-30 | AU$481.13K | -45.05% |
| 2017-06-30 | AU$875.55K | -35.34% |
| 2016-06-30 | AU$1.35 Million | +496.21% |
| 2015-06-30 | AU$-341.75K | -170.21% |
| 2014-06-30 | AU$486.72K | -63.88% |
| 2013-06-30 | AU$1.35 Million | -26.81% |
| 2012-06-30 | AU$1.84 Million | -43.33% |
| 2011-06-30 | AU$3.25 Million | -7.67% |
| 2010-06-30 | AU$3.52 Million | -10.47% |
| 2009-06-30 | AU$3.93 Million | -41.21% |
| 2008-06-30 | AU$6.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to XTC 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 3835085200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$77.19 Million | 216.23% |
| Total Equity | AU$35.70 Million | 100.00% |
XTC Lithium Limited Competitors by Market Cap
The table below lists competitors of XTC Lithium Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BLOOBER TEAM ZY-01
F:6BO
|
$54.29K |
|
AMG Acquisition Corp
V:AMG-P
|
$54.31K |
|
MFS Charter Income Trust
NYSE:MCR
|
$54.32K |
|
Eclipsys Corp
OTCQB:ECLP
|
$54.36K |
|
YIRG
MC:YIRG
|
$54.22K |
|
Foresight Group Holdings Limited
LSE:FSG
|
$54.13K |
|
Nuheara Limited
PINK:NUHRF
|
$54.11K |
|
NEOE3F
SA:NEOE3F
|
$54.08K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XTC Lithium Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,039,220 to 35,699,600, a change of -4,339,620 (-10.8%).
- Net loss of 8,055,469 reduced equity.
- Share repurchases of 3,577,120 reduced equity.
- New share issuances of 3,577,118 increased equity.
- Other comprehensive income decreased equity by 914,702.
- Other factors increased equity by 4,630,553.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-8.06 Million | -22.56% |
| Share Repurchases | AU$3.58 Million | -10.02% |
| Share Issuances | AU$3.58 Million | +10.02% |
| Other Comprehensive Income | AU$-914.70K | -2.56% |
| Other Changes | AU$4.63 Million | +12.97% |
| Total Change | AU$- | -10.84% |
Book Value vs Market Value Analysis
This analysis compares XTC 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
- Current price-to-book ratio: 0.49x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.79x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-06-30 | AU$0.05 | AU$0.20 | x |
| 2009-06-30 | AU$0.03 | AU$0.20 | x |
| 2010-06-30 | AU$0.02 | AU$0.20 | x |
| 2011-06-30 | AU$0.02 | AU$0.20 | x |
| 2012-06-30 | AU$0.01 | AU$0.20 | x |
| 2013-06-30 | AU$0.01 | AU$0.20 | x |
| 2014-06-30 | AU$0.00 | AU$0.20 | x |
| 2015-06-30 | AU$0.00 | AU$0.20 | x |
| 2016-06-30 | AU$0.00 | AU$0.20 | x |
| 2017-06-30 | AU$0.00 | AU$0.20 | x |
| 2018-06-30 | AU$0.00 | AU$0.20 | x |
| 2019-06-30 | AU$0.00 | AU$0.20 | x |
| 2020-06-30 | AU$0.00 | AU$0.20 | x |
| 2021-06-30 | AU$0.00 | AU$0.20 | x |
| 2022-06-30 | AU$0.00 | AU$0.20 | x |
| 2023-06-30 | AU$0.51 | AU$0.20 | x |
| 2024-06-30 | AU$0.41 | AU$0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XTC Lithium Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.14x
- Recent ROE (-22.56%) is above the historical average (-185.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -46.04% | 0.00% | 0.00x | 1.07x | AU$-3.75 Million |
| 2009 | -107.19% | 0.00% | 0.00x | 1.18x | AU$-4.61 Million |
| 2010 | -99.34% | 0.00% | 0.00x | 1.02x | AU$-3.85 Million |
| 2011 | -83.99% | 0.00% | 0.00x | 1.13x | AU$-3.05 Million |
| 2012 | -84.09% | 0.00% | 0.00x | 1.05x | AU$-1.73 Million |
| 2013 | -116.45% | 0.00% | 0.00x | 1.21x | AU$-1.70 Million |
| 2014 | -296.71% | 0.00% | 0.00x | 1.40x | AU$-1.49 Million |
| 2015 | 0.00% | -22527.30% | 0.02x | 0.00x | AU$-993.07K |
| 2016 | -76.78% | -10565.35% | 0.01x | 1.06x | AU$-1.18 Million |
| 2017 | -281.93% | -8203.42% | 0.03x | 1.32x | AU$-2.56 Million |
| 2018 | -547.49% | -18343.44% | 0.02x | 1.51x | AU$-2.68 Million |
| 2019 | -336.15% | -3362060.69% | 0.00x | 2.06x | AU$-1.31 Million |
| 2020 | -158.57% | -1019.66% | 0.14x | 1.12x | AU$-2.98 Million |
| 2021 | -733.31% | -609.37% | 0.87x | 1.39x | AU$-1.70 Million |
| 2022 | -145.93% | -168953.33% | 0.00x | 1.04x | AU$-13.54 Million |
| 2023 | -14.36% | -19168496.67% | 0.00x | 1.23x | AU$-9.75 Million |
| 2024 | -22.56% | 0.00% | 0.00x | 1.14x | AU$-11.63 Million |
Industry Comparison
This section compares XTC 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: $18,826,689
- Average return on equity (ROE) among peers: -37.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XTC Lithium Limited (XTC) | AU$35.70 Million | -46.04% | 0.14x | $54.27K |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.03K |
| Morella Corporation Ltd (1MC) | $64.99 Million | -144.24% | 4.26x | $2.93 Million |
| 6K Additive Inc (6KA) | $62.92 Million | -28.47% | 0.10x | $24.39 Million |
| Atlantic Lithium Ltd (A11) | $15.58 Million | -14.80% | 0.03x | $91.16 Million |
| African Gold Ltd (A1G) | $10.30 Million | -17.56% | 0.09x | $169.49 Million |
| Albright Metals Ltd (ABR) | $7.74 Million | -10.47% | 0.03x | $949.11K |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $1.74 Million | -130.20% | 4.99x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $939.49K |
| Admiralty Resources NL (ADY) | $6.66 Million | 0.00% | 0.34x | $5.70 Million |