ULTRA LITHIUM (QFB) - Net Assets
Based on the latest financial reports, ULTRA LITHIUM (QFB) has net assets worth €5.86 Million EUR (≈ $6.86 Million USD) as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.71 Million ≈ $10.19 Million USD) and total liabilities (€2.85 Million ≈ $3.33 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 ULTRA LITHIUM (QFB) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €5.86 Million |
| % of Total Assets | 67.31% |
| Annual Growth Rate | 19.0% |
| 5-Year Change | 184.15% |
| 10-Year Change | N/A |
| Growth Volatility | 124.38 |
ULTRA LITHIUM - Net Assets Trend (2019–2024)
This chart illustrates how ULTRA LITHIUM's net assets have evolved over time, based on quarterly financial data. Also explore total assets of ULTRA LITHIUM for the complete picture of this company's asset base.
Annual Net Assets for ULTRA LITHIUM (2019–2024)
The table below shows the annual net assets of ULTRA LITHIUM from 2019 to 2024. For live valuation and market cap data, see ULTRA LITHIUM (QFB) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | €6.48 Million ≈ $7.58 Million |
-39.60% |
| 2023-10-31 | €10.73 Million ≈ $12.55 Million |
-10.79% |
| 2022-10-31 | €12.03 Million ≈ $14.06 Million |
+297.01% |
| 2021-10-31 | €3.03 Million ≈ $3.54 Million |
+32.82% |
| 2020-10-31 | €2.28 Million ≈ $2.67 Million |
-15.97% |
| 2019-10-31 | €2.72 Million ≈ $3.17 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to ULTRA LITHIUM'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 980896600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €30.69 Million | 473.38% |
| Total Equity | €6.48 Million | 100.00% |
ULTRA LITHIUM Competitors by Market Cap
The table below lists competitors of ULTRA LITHIUM ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WEST ISLAND BRANDS INC.
F:39N0
|
$1.34 Million |
|
AWILCO DRILLING PLC(SNDR)
F:0AI1
|
$1.35 Million |
|
Konsortium AG
MU:KUB1
|
$1.35 Million |
|
Europa Metals Ltd
JSE:EUZ
|
$1.36 Million |
|
Record PLC
LSE:REC
|
$1.34 Million |
|
Labrador Technologies Inc
V:LTX
|
$1.34 Million |
|
NamR SA
PA:ALNMR
|
$1.34 Million |
|
Modiin Energy-Limited Partnership
TA:MDIN-L
|
$1.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ULTRA LITHIUM's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,731,841 to 6,482,468, a change of -4,249,373 (-39.6%).
- Net loss of 4,268,863 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.27 Million | -65.85% |
| Other Changes | €19.49K | +0.3% |
| Total Change | €- | -39.60% |
Book Value vs Market Value Analysis
This analysis compares ULTRA LITHIUM'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: 0.18x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-10-31 | €0.03 | €0.01 | x |
| 2020-10-31 | €0.02 | €0.01 | x |
| 2021-10-31 | €0.03 | €0.01 | x |
| 2022-10-31 | €0.07 | €0.01 | x |
| 2023-10-31 | €0.06 | €0.01 | x |
| 2024-10-31 | €0.03 | €0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ULTRA LITHIUM 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): -65.85%
- 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: 1.50x
- Recent ROE (-65.85%) is below the historical average (-36.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -70.41% | 0.00% | 0.00x | 1.03x | €-2.18 Million |
| 2020 | -20.56% | 0.00% | 0.00x | 1.04x | €-697.17K |
| 2021 | -24.51% | 0.00% | 0.00x | 1.05x | €-1.05 Million |
| 2022 | -14.21% | 0.00% | 0.00x | 1.53x | €-2.91 Million |
| 2023 | -24.40% | 0.00% | 0.00x | 1.28x | €-3.69 Million |
| 2024 | -65.85% | 0.00% | 0.00x | 1.50x | €-4.92 Million |
Industry Comparison
This section compares ULTRA LITHIUM'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: $11,918,307
- Average return on equity (ROE) among peers: -92.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ULTRA LITHIUM (QFB) | €5.86 Million | -70.41% | 0.49x | $1.34 Million |
| Scandium International Mining Corp (0E6) | $901.89K | -328.32% | 0.16x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $2.57 Million | -281.87% | 0.47x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.41 Million | -62.75% | 0.22x | $211.57K |
| Benz Mining Corp (1VU) | $1.23 Million | -52.21% | 0.03x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $938.41K | -109.89% | 0.05x | $6.64 Million |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.46 Million | -17.32% | 0.25x | $1.14 Million |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.27 Million |
| CDN Maverick Capital Corp. (338B) | $1.88 Million | -29.31% | 0.05x | $2.48 Million |
| Adriatic Metals Plc (3FN) | $107.90 Million | -43.69% | 0.62x | $1.23 Billion |
About ULTRA LITHIUM
Ultra Lithium Inc. engages in the acquisition, exploration, and development of resource properties in Argentina, Canada, and the United States. It primarily explores for gold and lithium deposits. The company was formerly known as Ultra Resources Inc. and changed its name to Ultra Lithium Inc. in January 2022. Ultra Lithium Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.