Royal Helium Ltd
Royal Helium Ltd. engages in the exploration and development of helium in southern Saskatchewan, Canada. It focuses on helium and associated industrial gas production from helium permits and leases. The company's flagship property is the Steveville property located in southern Alberta. It holds approximately 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and… Read more
Royal Helium Ltd (RHCCF) - Net Assets
Latest net assets as of June 2024: $50.17 Million USD
Based on the latest financial reports, Royal Helium Ltd (RHCCF) has net assets worth $50.17 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($89.13 Million) and total liabilities ($38.96 Million). 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 | $50.17 Million |
| % of Total Assets | 56.29% |
| Annual Growth Rate | 51.16% |
| 5-Year Change | 2621.95% |
| 10-Year Change | N/A |
| Growth Volatility | 138.82 |
Royal Helium Ltd - Net Assets Trend (2017–2023)
This chart illustrates how Royal Helium Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Royal Helium Ltd (2017–2023)
The table below shows the annual net assets of Royal Helium Ltd from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $49.61 Million | -1.94% |
| 2022-12-31 | $50.59 Million | +105.52% |
| 2021-12-31 | $24.62 Million | +203.08% |
| 2020-12-31 | $8.12 Million | +345.63% |
| 2019-12-31 | $1.82 Million | +2.58% |
| 2018-12-31 | $1.78 Million | -57.30% |
| 2017-12-31 | $4.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Royal Helium Ltd'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 2452166500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $95.81 Million | 193.13% |
| Total Equity | $49.61 Million | 100.00% |
Royal Helium Ltd Competitors by Market Cap
The table below lists competitors of Royal Helium Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verb Technology Company Inc
NASDAQ:VERB
|
$4.91 Million |
|
HPP Holdings Bhd
KLSE:0228
|
$4.91 Million |
|
Moment Group AB
ST:MOMENT
|
$4.91 Million |
|
Annexin Pharmaceuticals AB
ST:ANNX
|
$4.92 Million |
|
Boswell J G Co
PINK:BWEL
|
$4.91 Million |
|
188260
KQ:188260
|
$4.90 Million |
|
Bermas SA
RO:BRM
|
$4.90 Million |
|
VisDynamics Holdings Bhd
KLSE:0120
|
$4.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Helium Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 50,592,944 to 49,609,659, a change of -983,285 (-1.9%).
- Net loss of 11,043,624 reduced equity.
- New share issuances of 5,175,000 increased equity.
- Other factors increased equity by 4,885,339.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-11.04 Million | -22.26% |
| Share Issuances | $5.17 Million | +10.43% |
| Other Changes | $4.89 Million | +9.85% |
| Total Change | $- | -1.94% |
Book Value vs Market Value Analysis
This analysis compares Royal Helium Ltd'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: 0.08x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.14 | $0.01 | x |
| 2018-12-31 | $0.06 | $0.01 | x |
| 2019-12-31 | $0.05 | $0.01 | x |
| 2020-12-31 | $0.09 | $0.01 | x |
| 2021-12-31 | $0.17 | $0.01 | x |
| 2022-12-31 | $0.21 | $0.01 | x |
| 2023-12-31 | $0.18 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Helium Ltd 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): -22.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11250.41%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.85x
- Recent ROE (-22.26%) is above the historical average (-33.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -17.46% | 0.00% | 0.00x | 1.08x | $-1.14 Million |
| 2018 | -134.85% | 0.00% | 0.00x | 1.57x | $-2.57 Million |
| 2019 | -13.14% | 0.00% | 0.00x | 1.20x | $-421.77K |
| 2020 | -16.34% | 0.00% | 0.00x | 1.04x | $-2.14 Million |
| 2021 | -20.82% | 0.00% | 0.00x | 1.20x | $-7.59 Million |
| 2022 | -8.68% | 0.00% | 0.00x | 1.18x | $-9.45 Million |
| 2023 | -22.26% | -11250.41% | 0.00x | 1.85x | $-16.00 Million |
Industry Comparison
This section compares Royal Helium Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Helium Ltd (RHCCF) | $50.17 Million | -17.46% | 0.78x | $4.91 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |