Fuse Cobalt Inc
Fuse Battery Metals Inc. engages in the acquisition, exploration, and development of energy metals projects. It explores for cobalt and lithium. The company holds interests in resource properties in the province of Ontario, Canada and the state of Nevada, the United States. The company was formerly known as Fuse Cobalt Inc. and changed its name to Fuse Battery Metals Inc. in January 2023. Fuse Ba… Read more
Fuse Cobalt Inc (FUSEF) - Net Assets
Latest net assets as of March 2025: $789.98K USD
Based on the latest financial reports, Fuse Cobalt Inc (FUSEF) has net assets worth $789.98K USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($802.56K) and total liabilities ($12.58K). 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 | $789.98K |
| % of Total Assets | 98.43% |
| Annual Growth Rate | -11.95% |
| 5-Year Change | -76.76% |
| 10-Year Change | N/A |
| Growth Volatility | 49.83 |
Fuse Cobalt Inc - Net Assets Trend (2016–2024)
This chart illustrates how Fuse Cobalt Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fuse Cobalt Inc (2016–2024)
The table below shows the annual net assets of Fuse Cobalt Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $929.50K | -83.68% |
| 2023-12-31 | $5.70 Million | -10.38% |
| 2022-12-31 | $6.36 Million | +45.29% |
| 2021-12-31 | $4.37 Million | +9.40% |
| 2020-12-31 | $4.00 Million | +18.69% |
| 2019-12-31 | $3.37 Million | -18.79% |
| 2018-12-31 | $4.15 Million | -18.91% |
| 2017-12-31 | $5.12 Million | +98.81% |
| 2016-12-31 | $2.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fuse Cobalt 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 2169881100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $48.68 Million | 5237.38% |
| Total Equity | $929.50K | 100.00% |
Fuse Cobalt Inc Competitors by Market Cap
The table below lists competitors of Fuse Cobalt Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CYL Corporation Bhd
KLSE:7157
|
$1.10 Million |
|
AurCrest Gold Inc
PINK:TBMIF
|
$1.10 Million |
|
QUALCOMM (QCI.SG)
STU:QCI
|
$1.10 Million |
|
Ten-League International Holdings Limited Ordinary Shares
NASDAQ:TLIH
|
$1.10 Million |
|
Vast Renewables Limited Ordinary Shares
NASDAQ:VSTE
|
$1.10 Million |
|
NetMedia Group société anonyme
F:1VM0
|
$1.10 Million |
|
ACTEOS S.A
PA:EOS
|
$1.10 Million |
|
Noratis AG
XETRA:NUVA
|
$1.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fuse Cobalt Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,695,966 to 929,502, a change of -4,766,464 (-83.7%).
- Net loss of 4,766,464 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.77 Million | -512.8% |
| Total Change | $- | -83.68% |
Book Value vs Market Value Analysis
This analysis compares Fuse Cobalt 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: 1.21x
- 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 0.10x to 1.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.31 | $0.03 | x |
| 2018-12-31 | $0.22 | $0.03 | x |
| 2019-12-31 | $0.12 | $0.03 | x |
| 2020-12-31 | $0.05 | $0.03 | x |
| 2021-12-31 | $0.04 | $0.03 | x |
| 2022-12-31 | $0.04 | $0.03 | x |
| 2023-12-31 | $0.03 | $0.03 | x |
| 2024-12-31 | $0.02 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fuse Cobalt 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): -512.80%
- 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: 1.02x
- Recent ROE (-512.80%) is below the historical average (-110.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -127.32% | 0.00% | 0.00x | 1.02x | $-3.53 Million |
| 2017 | -127.80% | 0.00% | 0.00x | 1.01x | $-7.05 Million |
| 2018 | -64.07% | 0.00% | 0.00x | 1.08x | $-3.07 Million |
| 2019 | -37.97% | 0.00% | 0.00x | 1.04x | $-1.62 Million |
| 2020 | -40.59% | 0.00% | 0.00x | 1.01x | $-2.02 Million |
| 2021 | -11.82% | 0.00% | 0.00x | 1.01x | $-954.58K |
| 2022 | -41.59% | 0.00% | 0.00x | 1.01x | $-3.28 Million |
| 2023 | -29.38% | 0.00% | 0.00x | 1.00x | $-2.24 Million |
| 2024 | -512.80% | 0.00% | 0.00x | 1.02x | $-4.86 Million |
Industry Comparison
This section compares Fuse Cobalt 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: $2,860,622,178
- Average return on equity (ROE) among peers: -17.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fuse Cobalt Inc (FUSEF) | $789.98K | -127.32% | 0.02x | $1.10 Million |
| Asia Broadband Inc (AABB) | $-613.21K | 0.00% | 0.00x | $228.68 |
| Altair Resources Inc (AAEEF) | $-1.37 Million | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $18.53 Million | -47.33% | 0.52x | $99.81 Million |
| Anglo American plc (AAUKF) | $28.53 Billion | -10.75% | 1.27x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-12.92 Million | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $526.04K | -142.32% | 1.21x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $584.31K | -19.85% | 0.08x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $58.31 Million | -22.45% | 2.63x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-375.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $10.55 Million | 67.11% | 0.22x | $14.34 Million |