FIRST LITHIUM MINERALS (X28) - Net Assets
Based on the latest financial reports, FIRST LITHIUM MINERALS (X28) has net assets worth €1.61 Million EUR (≈ $1.88 Million USD) as of September 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 (€531.58K ≈ $621.48K 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. Also explore how large is FIRST LITHIUM MINERALS's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.61 Million |
| % of Total Assets | 75.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.85 |
FIRST LITHIUM MINERALS - Net Assets Trend (2021–2024)
This chart illustrates how FIRST LITHIUM MINERALS's net assets have evolved over time, based on quarterly financial data. Check X28 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for FIRST LITHIUM MINERALS (2021–2024)
The table below shows the annual net assets of FIRST LITHIUM MINERALS from 2021 to 2024. For live valuation and market cap data, see X28 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.38 Million ≈ $2.78 Million |
-35.98% |
| 2023-12-31 | €3.71 Million ≈ $4.34 Million |
-26.27% |
| 2022-12-31 | €5.03 Million ≈ $5.88 Million |
+224.72% |
| 2021-12-31 | €-4.04 Million ≈ $-4.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FIRST LITHIUM MINERALS'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 760365300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €15.58 Million | 655.73% |
| Total Equity | €2.38 Million | 100.00% |
FIRST LITHIUM MINERALS Competitors by Market Cap
The table below lists competitors of FIRST LITHIUM MINERALS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flora Growth Corp
NASDAQ:FLGC
|
$5.81 Million |
|
Stonehorse Energy Ltd
AU:SHE
|
$5.81 Million |
|
Forza Land Indonesia Tbk PT
JK:FORZ
|
$5.81 Million |
|
Openlearning Ltd
AU:OLL
|
$5.81 Million |
|
FIREFOX GOLD CORP.
F:FIY
|
$5.80 Million |
|
Crown Point Energy Inc
V:CWV
|
$5.80 Million |
|
Thunderstruck Resources Ltd
V:AWE
|
$5.80 Million |
|
Witbe Net SA
PA:ALWIT
|
$5.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FIRST LITHIUM MINERALS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,710,574 to 2,375,677, a change of -1,334,897 (-36.0%).
- Net loss of 1,363,007 reduced equity.
- New share issuances of 40,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.36 Million | -57.37% |
| Share Issuances | €40.00K | +1.68% |
| Other Changes | €-11.89K | -0.5% |
| Total Change | €- | -35.98% |
Book Value vs Market Value Analysis
This analysis compares FIRST LITHIUM MINERALS'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: 2.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €-0.05 | €0.05 | x |
| 2022-12-31 | €0.06 | €0.05 | x |
| 2023-12-31 | €0.04 | €0.05 | x |
| 2024-12-31 | €0.02 | €0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FIRST LITHIUM MINERALS 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): -57.37%
- 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: 1.17x
- Recent ROE (-57.37%) is below the historical average (-49.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | €-304.15K |
| 2022 | -79.31% | 0.00% | 0.00x | 1.04x | €-4.49 Million |
| 2023 | -60.61% | 0.00% | 0.00x | 1.09x | €-2.62 Million |
| 2024 | -57.37% | 0.00% | 0.00x | 1.17x | €-1.60 Million |
Industry Comparison
This section compares FIRST LITHIUM MINERALS'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: $2,109,790
- Average return on equity (ROE) among peers: -138.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FIRST LITHIUM MINERALS (X28) | €1.61 Million | 0.00% | 0.33x | $5.80 Million |
| Scandium International Mining Corp (0E6) | $-880.35K | 0.00% | 0.00x | $31.75 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $6.94 Million | -29.20% | 0.07x | $2.79 Million |
| Asiamet Resources Ltd (0FK) | $671.10K | -1105.80% | 0.58x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.02 Million | -54.41% | 0.28x | $758.30K |
| Benz Mining Corp (1VU) | $2.47 Million | -52.89% | 0.10x | $417.32 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $7.26 Million | -55.45% | 0.05x | $397.29 Million |
| Pacific Empire Minerals Corp (1YK) | $1.53 Million | -63.75% | 0.07x | $5.15 Million |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.22 Million | -19.90% | 0.46x | $70.07K |
| GOLCAP RESOURCES CORP (2SO0) | $-18.93K | 0.00% | 0.00x | $1.32 Million |
About FIRST LITHIUM MINERALS
First Lithium Minerals Corp. operates as a mineral exploration and development company in Chile and Canada. The company primarily explores for lithium and alkali metals. It holds 100% interests in the OCA Salar de Ascotan project that covers an area of approximately 1,800 hectares of mineral exploration concessions located in the salar Ascotan in the Antofagasta Region of northern Chile; and the … Read more