Tantalex Resources Corporation
Tantalex Lithium Resources Corp. engages in the acquisition, exploration, development, and production of lithium, tantalum, and tin in Africa. It holds interest in the Manono Lithium Tailings, the Pegmatite Corridor Exploration, and the Titan Projects located in Manono, the Democratic Republic of Congo. The company was formerly known as Tantalex Resources Corporation and changed its name to Tanta… Read more
Tantalex Resources Corporation (TTLXF) - Net Assets
Latest net assets as of November 2024: $-26.65 Million USD
Based on the latest financial reports, Tantalex Resources Corporation (TTLXF) has net assets worth $-26.65 Million USD as of November 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.79 Million) and total liabilities ($47.44 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 | $-26.65 Million |
| % of Total Assets | -128.22% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 158.26 |
Tantalex Resources Corporation - Net Assets Trend (2018–2024)
This chart illustrates how Tantalex Resources Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tantalex Resources Corporation (2018–2024)
The table below shows the annual net assets of Tantalex Resources Corporation from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-02-29 | $-24.88 Million | -24.14% |
| 2023-02-28 | $-20.05 Million | -30.08% |
| 2022-02-28 | $-15.41 Million | -76.31% |
| 2021-02-28 | $-8.74 Million | -214.14% |
| 2020-02-29 | $-2.78 Million | -383.49% |
| 2019-02-28 | $981.37K | -66.98% |
| 2018-02-28 | $2.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tantalex Resources Corporation'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 5858374900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $45.60 Million | % |
| Total Equity | $-23.38 Million | 100.00% |
Tantalex Resources Corporation Competitors by Market Cap
The table below lists competitors of Tantalex Resources Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Energy World Corporation Ltd
PINK:EWCLF
|
$5.35 Million |
|
ROYIF
PINK:ROYIF
|
$5.35 Million |
|
TG Metals Ltd
AU:TG6
|
$5.35 Million |
|
Kyobo 15 Special Purpose Acquisition Company
KQ:465320
|
$5.35 Million |
|
KTI
KLSE:0308
|
$5.35 Million |
|
Bossdom Digiinnovation Co., Ltd.
TWO:6622
|
$5.35 Million |
|
Vichitbhan Palmoil Public Company Limited
BK:VPO
|
$5.34 Million |
|
Royalindo Investa Wijaya
JK:INDO
|
$5.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tantalex Resources Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -18,495,486 to -23,378,996, a change of -4,883,510.
- Net loss of 15,622,613 reduced equity.
- New share issuances of 1,300,391 increased equity.
- Other factors increased equity by 9,438,712.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-15.62 Million | -66.82% |
| Share Issuances | $1.30 Million | +5.56% |
| Other Changes | $9.44 Million | +40.37% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Tantalex Resources Corporation'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-02-28 | $0.02 | $0.01 | x |
| 2019-02-28 | $0.01 | $0.01 | x |
| 2020-02-29 | $-0.01 | $0.01 | x |
| 2021-02-28 | $-0.02 | $0.01 | x |
| 2022-02-28 | $-0.03 | $0.01 | x |
| 2023-02-28 | $-0.04 | $0.01 | x |
| 2024-02-29 | $-0.03 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tantalex Resources Corporation 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is above the historical average (-64.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -74.82% | 0.00% | 0.00x | 1.53x | $-2.71 Million |
| 2019 | -376.98% | 0.00% | 0.00x | 5.10x | $-5.56 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.03 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.87 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-14.03 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.42 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-13.28 Million |
Industry Comparison
This section compares Tantalex Resources Corporation'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: $2,436,891,869
- Average return on equity (ROE) among peers: -95.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tantalex Resources Corporation (TTLXF) | $-26.65 Million | -74.82% | N/A | $5.35 Million |
| Asia Broadband Inc (AABB) | $204.90K | -396.88% | 2.89x | $231.65 |
| Altair Resources Inc (AAEEF) | $-288.26K | 0.00% | 0.00x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $-71.30K | 0.00% | 0.00x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $31.17 Million | -4.21% | 0.19x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $3.76 Million | -50.20% | 0.18x | $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) | $-742.11K | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $5.68 Million | -407.57% | 1.10x | $14.34 Million |