Spod Lithium Corp.
Spod Lithium Corp., a mineral exploration company, engages in the acquisition and development of mineral properties in Canada. It explores for lithium deposits, battery, and base and precious metals. The company owns 100% interest in the North Nipigon Property comprising 401 mineral claims that covers approximately 8,679 hectares located in the Birch-Uchi Sub-province, Ontario. It also has an opt… Read more
Spod Lithium Corp. (SPODF) - Net Assets
Latest net assets as of October 2025: $2.97 Million USD
Based on the latest financial reports, Spod Lithium Corp. (SPODF) has net assets worth $2.97 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.65 Million) and total liabilities ($676.03K). 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 | $2.97 Million |
| % of Total Assets | 81.47% |
| Annual Growth Rate | N/A |
| 5-Year Change | 724.73% |
| 10-Year Change | N/A |
| Growth Volatility | 237.23 |
Spod Lithium Corp. - Net Assets Trend (2019–2025)
This chart illustrates how Spod Lithium 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 Spod Lithium Corp. (2019–2025)
The table below shows the annual net assets of Spod Lithium Corp. from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $4.49 Million | -3.70% |
| 2024-07-31 | $4.66 Million | +25.30% |
| 2023-07-31 | $3.72 Million | +555.91% |
| 2022-07-31 | $567.28K | +4.21% |
| 2021-07-31 | $544.38K | +1365.32% |
| 2020-07-31 | $-43.02K | -396.57% |
| 2019-07-31 | $-8.66K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spod Lithium 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 219898400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $6.82 Million | 151.87% |
| Total Equity | $4.49 Million | 100.00% |
Spod Lithium Corp. Competitors by Market Cap
The table below lists competitors of Spod Lithium Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NEWERA RES
BE:N7U
|
$218.80 |
|
Orchasp Limited
NSE:ORCHASP
|
$218.82 |
|
Roof Renovation S.A.
WAR:RRH
|
$218.83 |
|
Odyssean Investment Trust PLC
LSE:OIT
|
$219.06 |
|
EZTD Inc
PINK:EZTD
|
$218.39 |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
XNSA:IMG
|
$218.37 |
|
NIGERIA ENAMELWARE PLC
XNSA:ENAMELWA
|
$217.79 |
|
Rosetta Genomics Ltd
PINK:ROSGQ
|
$217.71 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spod Lithium Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,662,042 to 4,489,625, a change of -172,417 (-3.7%).
- Net loss of 800,810 reduced equity.
- New share issuances of 681,610 increased equity.
- Other factors decreased equity by 53,217.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-800.81K | -17.84% |
| Share Issuances | $681.61K | +15.18% |
| Other Changes | $-53.22K | -1.19% |
| Total Change | $- | -3.70% |
Book Value vs Market Value Analysis
This analysis compares Spod Lithium 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: 0.41x
- 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 |
|---|---|---|---|
| 2019-07-31 | $0.00 | $0.02 | x |
| 2020-07-31 | $0.00 | $0.02 | x |
| 2021-07-31 | $0.03 | $0.02 | x |
| 2022-07-31 | $0.03 | $0.02 | x |
| 2023-07-31 | $0.07 | $0.02 | x |
| 2024-07-31 | $0.07 | $0.02 | x |
| 2025-07-31 | $0.05 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spod Lithium 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): -17.84%
- 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: 1.14x
- Recent ROE (-17.84%) is above the historical average (-21.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-57.04K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-51.06K |
| 2021 | -51.82% | 0.00% | 0.00x | 1.17x | $-336.53K |
| 2022 | -53.34% | 0.00% | 0.00x | 1.25x | $-359.32K |
| 2023 | -12.87% | 0.00% | 0.00x | 1.05x | $-851.10K |
| 2024 | -11.28% | 0.00% | 0.00x | 1.17x | $-992.12K |
| 2025 | -17.84% | 0.00% | 0.00x | 1.14x | $-1.25 Million |
Industry Comparison
This section compares Spod Lithium 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 |
|---|---|---|---|---|
| Spod Lithium Corp. (SPODF) | $2.97 Million | 0.00% | 0.23x | $218.68 |
| 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 |