Solitario Exploration & Royalty Corp (XPL) - Net Assets
Based on the latest financial reports, Solitario Exploration & Royalty Corp (XPL) has net assets worth $25.44 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.86 Million) and total liabilities ($416.00K). 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. Check XPL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $25.44 Million |
| % of Total Assets | 98.39% |
| 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. Also explore Solitario Exploration & Royalty Corp total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see XPL stock market capitalisation.
| 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 |
|---|---|
|
Annovis Bio Inc
NYSE:ANVS
|
$77.26 Million |
|
SEAL Incorporated Bhd
KLSE:4286
|
$77.28 Million |
|
Quality Construction Products Public Company Limited
BK:Q-CON
|
$77.30 Million |
|
DOMESCO Medical Import Export JSC
VN:DMC
|
$77.32 Million |
|
Aero Win Technology Corp
TW:8222
|
$77.24 Million |
|
Thac Ba Hydropower JSC
VN:TBC
|
$77.20 Million |
|
BQE Water Inc
V:BQE
|
$77.20 Million |
|
Starry Sea Acquisition Corp Ordinary Shares
NASDAQ:SSEA
|
$77.20 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.
- Share repurchases of 5,347,000 reduced equity.
- New share issuances of 5,141,000 increased equity.
- Other factors increased equity by 6,189,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.83 Million | -15.54% |
| Share Repurchases | $5.35 Million | -21.67% |
| Share Issuances | $5.14 Million | +20.84% |
| Other Changes | $6.19 Million | +25.09% |
| 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: 2.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.26x to 2.92x 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 | $0.83 | x |
| 1997-12-31 | $0.59 | $0.83 | x |
| 1998-12-31 | $0.45 | $0.83 | x |
| 1999-12-31 | $0.16 | $0.83 | x |
| 2000-12-31 | $0.62 | $0.83 | x |
| 2001-12-31 | $0.38 | $0.83 | x |
| 2002-12-31 | $0.29 | $0.83 | x |
| 2003-12-31 | $0.50 | $0.83 | x |
| 2004-12-31 | $0.49 | $0.83 | x |
| 2005-12-31 | $0.56 | $0.83 | x |
| 2006-12-31 | $0.67 | $0.83 | x |
| 2007-12-31 | $0.72 | $0.83 | x |
| 2008-12-31 | $0.58 | $0.83 | x |
| 2009-12-31 | $0.49 | $0.83 | x |
| 2010-12-31 | $0.40 | $0.83 | x |
| 2011-12-31 | $0.42 | $0.83 | x |
| 2012-12-31 | $0.27 | $0.83 | x |
| 2013-12-31 | $0.22 | $0.83 | x |
| 2014-12-31 | $0.17 | $0.83 | x |
| 2015-12-31 | $0.45 | $0.83 | x |
| 2016-12-31 | $0.45 | $0.83 | x |
| 2017-12-31 | $0.63 | $0.83 | x |
| 2018-12-31 | $0.46 | $0.83 | x |
| 2019-12-31 | $0.42 | $0.83 | x |
| 2020-12-31 | $0.40 | $0.83 | x |
| 2021-12-31 | $0.39 | $0.83 | x |
| 2022-12-31 | $0.34 | $0.83 | x |
| 2023-12-31 | $0.38 | $0.83 | x |
| 2024-12-31 | $0.28 | $0.83 | x |
| 2025-12-31 | $0.28 | $0.83 | 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 (-20.22%), 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 | -24.34% | -1395.45% | 0.01x | 1.59x | $-4.76 Million |
| 2012 | -35.77% | -1099.00% | 0.01x | 2.55x | $-4.22 Million |
| 2013 | -25.77% | -684.00% | 0.02x | 2.45x | $-2.85 Million |
| 2014 | -27.03% | -916.50% | 0.01x | 2.81x | $-2.51 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: $170,773,138
- Average return on equity (ROE) among peers: -17.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solitario Exploration & Royalty Corp (XPL) | $25.44 Million | -11.11% | 0.02x | $77.25 Million |
| Almonty Industries Inc. Common Shares (ALM) | $48.51 Million | -18.22% | 3.85x | $5.29 Billion |
| REalloys Inc. (ALOY) | $-1.15 Million | 0.00% | 0.00x | $585.74 Million |
| Atlas Lithium Corporation Common Stock (ATLX) | $17.49K | 0.00% | 0.23x | $116.35 Million |
| China Natural Resources Inc (CHNR) | $255.52 Million | -131.26% | 10.84x | $5.10 Million |
| Compass Minerals International Inc (CMP) | $653.60 Million | 33.34% | 1.50x | $1.17 Billion |
| Critical Metals Corp. Ordinary Shares (CRML) | $150.74 Million | -3.62% | 0.07x | $1.61 Billion |
| Electra Battery Materials Corp (ELBM) | $126.51 Million | 9.92% | 0.48x | $57.41 Million |
| Sayona Mining Limited American Depository Shares (ELVR) | $475.45 Million | -61.90% | 0.37x | $1.63 Billion |
| Evolution Metals & Technologies Corp. Common Stock (EMAT) | $-1.40 Million | 0.00% | 0.00x | $4.72 Billion |
| Foremost Lithium Resource & Technology Ltd. Common stock (FMST) | $-67.97K | 0.00% | 0.00x | $26.37 Million |
About 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. The company also explores for gold deposits. It 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