Solitario Exploration & Royalty Corp
Solitario Resources Corp., an exploration stage company, engages in the acquisition and exploration of precious metal, zinc, and other base metal properties in North and South America. It also explores for gold deposits. The company holds 100% interest in the Golden Crest gold project covering an area of approximately 33,000 acres of mining claims located in western South Dakota, Lawrence County;… Read more
Solitario Exploration & Royalty Corp (XPL) - Net Assets
Latest net assets as of December 2025: $24.67 Million USD
Based on the latest financial reports, Solitario Exploration & Royalty Corp (XPL) has net assets worth $24.67 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.03 Million) and total liabilities ($360.00K). 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 | $24.67 Million |
| % of Total Assets | 98.56% |
| Annual Growth Rate | 4.01% |
| 5-Year Change | 6.41% |
| 10-Year Change | 41.07% |
| Growth Volatility | 72.89 |
Solitario Exploration & Royalty Corp - Net Assets Trend (1996–2025)
This chart illustrates how Solitario Exploration & Royalty Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Solitario Exploration & Royalty Corp (1996–2025)
The table below shows the annual net assets of Solitario Exploration & Royalty Corp from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $24.67 Million | +9.55% |
| 2024-12-31 | $22.52 Million | -13.22% |
| 2023-12-31 | $25.95 Million | +19.88% |
| 2022-12-31 | $21.65 Million | -6.63% |
| 2021-12-31 | $23.18 Million | -1.36% |
| 2020-12-31 | $23.50 Million | -2.61% |
| 2019-12-31 | $24.13 Million | -10.92% |
| 2018-12-31 | $27.09 Million | -10.09% |
| 2017-12-31 | $30.13 Million | +72.28% |
| 2016-12-31 | $17.49 Million | -2.17% |
| 2015-12-31 | $17.88 Million | +163.60% |
| 2014-12-31 | $6.78 Million | -14.84% |
| 2013-12-31 | $7.96 Million | -13.61% |
| 2012-12-31 | $9.22 Million | -33.56% |
| 2011-12-31 | $13.87 Million | +0.70% |
| 2010-12-31 | $13.78 Million | -8.85% |
| 2009-12-31 | $15.11 Million | -16.27% |
| 2008-12-31 | $18.05 Million | -16.79% |
| 2007-12-31 | $21.69 Million | +13.92% |
| 2006-12-31 | $19.04 Million | +24.14% |
| 2005-12-31 | $15.34 Million | +22.57% |
| 2004-12-31 | $12.52 Million | +4.88% |
| 2003-12-31 | $11.93 Million | +75.40% |
| 2002-12-31 | $6.80 Million | -14.92% |
| 2001-12-31 | $8.00 Million | -32.28% |
| 2000-12-31 | $11.81 Million | +329.46% |
| 1999-12-31 | $2.75 Million | -70.45% |
| 1997-12-31 | $9.30 Million | +18.07% |
| 1996-12-31 | $7.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Solitario Exploration & Royalty Corp'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 6465401800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $909.00K | 3.68% |
| Other Components | $90.60 Million | 367.26% |
| Total Equity | $24.67 Million | 100.00% |
Solitario Exploration & Royalty Corp Competitors by Market Cap
The table below lists competitors of Solitario Exploration & Royalty Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bharat Wire Ropes Limited
NSE:BHARATWIRE
|
$61.29 Million |
|
Bubs Australia Limited
PINK:BUBSF
|
$61.29 Million |
|
Seoul Auction Co. Ltd
KQ:063170
|
$61.32 Million |
|
Poolbeg Pharma PLC
PINK:POLBF
|
$61.33 Million |
|
Taliworks Corporation Bhd
KLSE:8524
|
$61.16 Million |
|
Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret AS
IS:MOBTL
|
$61.16 Million |
|
Altisource Portfolio Solutions SA
NASDAQ:ASPS
|
$61.15 Million |
|
Bilendi
PA:ALBLD
|
$61.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solitario Exploration & Royalty Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,520,000 to 24,670,000, a change of 2,150,000 (9.5%).
- Net loss of 3,833,000 reduced equity.
- Other factors increased equity by 5,983,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.83 Million | -15.54% |
| Other Changes | $5.98 Million | +24.25% |
| Total Change | $- | 9.55% |
Book Value vs Market Value Analysis
This analysis compares Solitario Exploration & Royalty Corp'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: 3.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.32x to 3.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $0.66 | $0.87 | x |
| 1997-12-31 | $0.59 | $0.87 | x |
| 1998-12-31 | $0.45 | $0.87 | x |
| 1999-12-31 | $0.16 | $0.87 | x |
| 2000-12-31 | $0.62 | $0.87 | x |
| 2001-12-31 | $0.38 | $0.87 | x |
| 2002-12-31 | $0.29 | $0.87 | x |
| 2003-12-31 | $0.50 | $0.87 | x |
| 2004-12-31 | $0.49 | $0.87 | x |
| 2005-12-31 | $0.56 | $0.87 | x |
| 2006-12-31 | $0.67 | $0.87 | x |
| 2007-12-31 | $0.72 | $0.87 | x |
| 2008-12-31 | $0.58 | $0.87 | x |
| 2009-12-31 | $0.49 | $0.87 | x |
| 2010-12-31 | $0.40 | $0.87 | x |
| 2011-12-31 | $0.48 | $0.87 | x |
| 2012-12-31 | $0.25 | $0.87 | x |
| 2013-12-31 | $0.23 | $0.87 | x |
| 2014-12-31 | $0.19 | $0.87 | x |
| 2015-12-31 | $0.45 | $0.87 | x |
| 2016-12-31 | $0.45 | $0.87 | x |
| 2017-12-31 | $0.63 | $0.87 | x |
| 2018-12-31 | $0.46 | $0.87 | x |
| 2019-12-31 | $0.42 | $0.87 | x |
| 2020-12-31 | $0.40 | $0.87 | x |
| 2021-12-31 | $0.39 | $0.87 | x |
| 2022-12-31 | $0.34 | $0.87 | x |
| 2023-12-31 | $0.38 | $0.87 | x |
| 2024-12-31 | $0.28 | $0.87 | x |
| 2025-12-31 | $0.28 | $0.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solitario Exploration & Royalty Corp 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): -15.54%
- 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: 1.01x
- Recent ROE (-15.54%) is above the historical average (-20.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | -11.11% | -1200.00% | 0.01x | 1.24x | $-1.66 Million |
| 1997 | -55.64% | -7399.95% | 0.01x | 1.01x | $-6.11 Million |
| 1998 | -4.35% | -600.00% | 0.01x | 1.00x | $-1.28 Million |
| 1999 | -218.30% | -5988.97% | 0.04x | 1.02x | $-6.28 Million |
| 2000 | 36.29% | 4284.68% | 0.01x | 1.01x | $3.10 Million |
| 2001 | -45.73% | -1548.14% | 0.03x | 1.01x | $-4.46 Million |
| 2002 | -24.54% | -1216.67% | 0.02x | 1.01x | $-2.35 Million |
| 2003 | 28.11% | 0.00% | 0.00x | 1.11x | $2.16 Million |
| 2004 | -23.37% | 0.00% | 0.00x | 1.23x | $-4.18 Million |
| 2005 | -13.55% | 0.00% | 0.00x | 1.24x | $-3.61 Million |
| 2006 | -16.71% | 0.00% | 0.00x | 1.31x | $-5.09 Million |
| 2007 | -18.36% | -3911.00% | 0.00x | 1.43x | $-6.04 Million |
| 2008 | -3.58% | -308.50% | 0.01x | 1.54x | $-2.34 Million |
| 2009 | -12.15% | -893.00% | 0.01x | 1.68x | $-3.26 Million |
| 2010 | -34.21% | -2033.00% | 0.01x | 2.49x | $-5.25 Million |
| 2011 | -21.30% | -1395.45% | 0.01x | 1.39x | $-4.96 Million |
| 2012 | -37.95% | -1099.00% | 0.01x | 2.70x | $-4.17 Million |
| 2013 | -25.43% | -684.00% | 0.02x | 2.42x | $-2.86 Million |
| 2014 | -25.38% | -916.50% | 0.01x | 2.64x | $-2.56 Million |
| 2015 | 49.63% | 72.08% | 0.68x | 1.01x | $7.08 Million |
| 2016 | -9.78% | 0.00% | 0.00x | 1.01x | $-3.46 Million |
| 2017 | -3.13% | 0.00% | 0.00x | 1.01x | $-3.95 Million |
| 2018 | -13.28% | -716.73% | 0.02x | 1.03x | $-6.31 Million |
| 2019 | -13.63% | -806.13% | 0.02x | 1.02x | $-5.70 Million |
| 2020 | -4.00% | 0.00% | 0.00x | 1.01x | $-3.29 Million |
| 2021 | -10.21% | 0.00% | 0.00x | 1.02x | $-4.69 Million |
| 2022 | -18.15% | 0.00% | 0.00x | 1.02x | $-6.09 Million |
| 2023 | -14.47% | 0.00% | 0.00x | 1.03x | $-6.35 Million |
| 2024 | -23.84% | 0.00% | 0.00x | 1.02x | $-7.62 Million |
| 2025 | -15.54% | 0.00% | 0.00x | 1.01x | $-6.30 Million |
Industry Comparison
This section compares Solitario Exploration & Royalty Corp'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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solitario Exploration & Royalty Corp (XPL) | $24.67 Million | -11.11% | 0.01x | $61.20 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |