Spearmint Resources Inc (SQH) - Net Assets
Based on the latest financial reports, Spearmint Resources Inc (SQH) has net assets worth €1.84 Million EUR (≈ $2.15 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 (€2.14 Million ≈ $2.50 Million USD) and total liabilities (€300.31K ≈ $351.09K 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. Read SQH liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.84 Million |
| % of Total Assets | 85.98% |
| Annual Growth Rate | 11.72% |
| 5-Year Change | -47.35% |
| 10-Year Change | N/A |
| Growth Volatility | 78.42 |
Spearmint Resources Inc - Net Assets Trend (2018–2025)
This chart illustrates how Spearmint Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore SQH current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Spearmint Resources Inc (2018–2025)
The table below shows the annual net assets of Spearmint Resources Inc from 2018 to 2025. For live valuation and market cap data, see Spearmint Resources Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | €1.95 Million ≈ $2.28 Million |
-49.94% |
| 2024-01-31 | €3.89 Million ≈ $4.55 Million |
-8.37% |
| 2023-01-31 | €4.25 Million ≈ $4.97 Million |
-10.74% |
| 2022-01-31 | €4.76 Million ≈ $5.57 Million |
+28.61% |
| 2021-01-31 | €3.70 Million ≈ $4.33 Million |
+205.53% |
| 2020-01-31 | €1.21 Million ≈ $1.42 Million |
-14.28% |
| 2019-01-31 | €1.41 Million ≈ $1.65 Million |
+57.50% |
| 2018-01-31 | €897.56K ≈ $1.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Spearmint Resources Inc'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 873005100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €13.46 Million | 690.58% |
| Total Equity | €1.95 Million | 100.00% |
Spearmint Resources Inc Competitors by Market Cap
The table below lists competitors of Spearmint Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cannabotech Ltd
TA:CNTC
|
$89.99K |
|
LPA Group
LSE:LPA
|
$90.03K |
|
SILO WELLNESS INC.
F:3K7A
|
$90.30K |
|
G2Power Co. Ltd.
KQ:388050
|
$90.70K |
|
Northamber PLC
LSE:NAR
|
$89.07K |
|
BLOCKMATE VENTURES INC.
F:8MH
|
$88.60K |
|
Xtract Resources PLC
LSE:XTR
|
$88.57K |
|
Verici Dx Plc
LSE:VRCI
|
$88.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spearmint Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,894,100 to 1,949,383, a change of -1,944,717 (-49.9%).
- Net loss of 2,270,739 reduced equity.
- New share issuances of 250,000 increased equity.
- Other factors increased equity by 76,022.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-2.27 Million | -116.49% |
| Share Issuances | €250.00K | +12.82% |
| Other Changes | €76.02K | +3.9% |
| Total Change | €- | -49.94% |
Book Value vs Market Value Analysis
This analysis compares Spearmint Resources Inc'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: 0.44x
- 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 4.29x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-01-31 | €0.01 | €0.03 | x |
| 2019-01-31 | €0.01 | €0.03 | x |
| 2020-01-31 | €0.01 | €0.03 | x |
| 2021-01-31 | €0.02 | €0.03 | x |
| 2022-01-31 | €0.02 | €0.03 | x |
| 2023-01-31 | €0.02 | €0.03 | x |
| 2024-01-31 | €0.01 | €0.03 | x |
| 2025-01-31 | €0.07 | €0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spearmint Resources Inc 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): -116.49%
- 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: 1.13x
- Recent ROE (-116.49%) is below the historical average (-55.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -102.23% | 0.00% | 0.00x | 1.72x | €-1.01 Million |
| 2019 | -54.37% | 0.00% | 0.00x | 1.34x | €-909.94K |
| 2020 | -47.78% | 0.00% | 0.00x | 1.41x | €-700.21K |
| 2021 | -21.05% | 0.00% | 0.00x | 1.08x | €-1.15 Million |
| 2022 | -40.19% | 0.00% | 0.00x | 1.16x | €-2.39 Million |
| 2023 | -33.23% | 0.00% | 0.00x | 1.02x | €-1.84 Million |
| 2024 | -25.84% | 0.00% | 0.00x | 1.01x | €-1.40 Million |
| 2025 | -116.49% | 0.00% | 0.00x | 1.13x | €-2.47 Million |
Industry Comparison
This section compares Spearmint Resources Inc'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: $2,189,283
- Average return on equity (ROE) among peers: -75.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spearmint Resources Inc (SQH) | €1.84 Million | -102.23% | 0.16x | $89.69K |
| Scandium International Mining Corp (0E6) | $3.10 Million | -89.51% | 0.07x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $1.58 Million | -239.63% | 0.85x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.41 Million | -62.75% | 0.22x | $211.57K |
| Benz Mining Corp (1VU) | $397.62K | -109.93% | 0.20x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $542.41K | -182.64% | 0.26x | $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) | $2.26 Million | -31.56% | 0.04x | $2.48 Million |
| Adriatic Metals Plc (3FN) | $10.25 Million | -23.59% | 0.02x | $1.23 Billion |
About Spearmint Resources Inc
Spearmint Resources Inc., an exploration stage company, engages in the identification, acquisition, and exploration of mineral properties in Canada and the United States. The company explores for antimony, tungsten, and lithium deposits. The company was formerly known as Indefinitely Capital Corp. and changed its name to Spearmint Resources Inc. in February 2012. Spearmint Resources Inc. was inco… Read more