Ultra Resources Inc
Ultra Lithium Inc. engages in the acquisition, exploration, and development of resource properties in Argentina, Canada, and the United States. It primarily explores for gold and lithium deposits. The company was formerly known as Ultra Resources Inc. and changed its name to Ultra Lithium Inc. in January 2022. Ultra Lithium Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.
Ultra Resources Inc (ULTXF) - Net Assets
Latest net assets as of July 2024: $10.27 Million USD
Based on the latest financial reports, Ultra Resources Inc (ULTXF) has net assets worth $10.27 Million USD as of July 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.37 Million) and total liabilities ($3.09 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 | $10.27 Million |
| % of Total Assets | 76.85% |
| Annual Growth Rate | 7.91% |
| 5-Year Change | 295.28% |
| 10-Year Change | 123.3% |
| Growth Volatility | 101.61 |
Ultra Resources Inc - Net Assets Trend (2013–2023)
This chart illustrates how Ultra Resources 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 Ultra Resources Inc (2013–2023)
The table below shows the annual net assets of Ultra Resources Inc from 2013 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-10-31 | $10.73 Million | -10.79% |
| 2022-10-31 | $12.03 Million | +297.01% |
| 2021-10-31 | $3.03 Million | +32.82% |
| 2020-10-31 | $2.28 Million | -15.97% |
| 2019-10-31 | $2.72 Million | -16.14% |
| 2018-10-31 | $3.24 Million | +55.18% |
| 2017-10-31 | $2.09 Million | +9.94% |
| 2016-10-31 | $1.90 Million | +139.73% |
| 2015-10-31 | $791.66K | -83.53% |
| 2014-10-31 | $4.81 Million | -4.12% |
| 2013-10-31 | $5.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ultra Resources 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 1539267200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $30.67 Million | 285.76% |
| Total Equity | $10.73 Million | 100.00% |
Ultra Resources Inc Competitors by Market Cap
The table below lists competitors of Ultra Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mendelson Infrastructures and Industries Ltd
TA:MNIN
|
$1.56 Million |
|
SOUTHERN COPPER - Dusseldorf Stock Exchang
DU:PCU
|
$1.56 Million |
|
DANAHER - Dusseldorf Stock Exchang
DU:DAP
|
$1.56 Million |
|
Palred Technologies Limited
NSE:PALREDTEC
|
$1.56 Million |
|
Pacific Imperial Mines Inc
V:PPM
|
$1.56 Million |
|
Freight Technologies Inc
NASDAQ:FRGT
|
$1.56 Million |
|
AUTONATION (RWI.SG)
STU:RWI
|
$1.55 Million |
|
Sky Gold Corp
PINK:SRKZF
|
$1.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ultra Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 12,030,044 to 10,731,841, a change of -1,298,203 (-10.8%).
- Net loss of 2,618,768 reduced equity.
- New share issuances of 1,200,000 increased equity.
- Other factors increased equity by 120,565.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.62 Million | -24.4% |
| Share Issuances | $1.20 Million | +11.18% |
| Other Changes | $120.56K | +1.12% |
| Total Change | $- | -10.79% |
Book Value vs Market Value Analysis
This analysis compares Ultra Resources 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: 0.18x
- 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 |
|---|---|---|---|
| 2015-10-31 | $0.00 | $0.01 | x |
| 2016-10-31 | $0.00 | $0.01 | x |
| 2017-10-31 | $0.03 | $0.01 | x |
| 2018-10-31 | $0.05 | $0.01 | x |
| 2019-10-31 | $0.03 | $0.01 | x |
| 2020-10-31 | $0.02 | $0.01 | x |
| 2021-10-31 | $0.03 | $0.01 | x |
| 2022-10-31 | $0.07 | $0.01 | x |
| 2023-10-31 | $0.06 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ultra Resources 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): -24.40%
- 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: 1.28x
- Recent ROE (-24.40%) is above the historical average (-79.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -19.55% | 0.00% | 0.00x | 1.19x | $-1.48 Million |
| 2014 | -30.55% | 0.00% | 0.00x | 1.01x | $-1.95 Million |
| 2015 | -523.84% | 0.00% | 0.00x | 1.63x | $-4.23 Million |
| 2016 | -40.75% | 0.00% | 0.00x | 1.22x | $-963.22K |
| 2017 | -94.07% | 0.00% | 0.00x | 1.04x | $-2.17 Million |
| 2018 | -16.03% | 0.00% | 0.00x | 1.04x | $-842.81K |
| 2019 | -70.41% | 0.00% | 0.00x | 1.03x | $-2.18 Million |
| 2020 | -20.56% | 0.00% | 0.00x | 1.04x | $-697.17K |
| 2021 | -24.51% | 0.00% | 0.00x | 1.05x | $-1.05 Million |
| 2022 | -14.21% | 0.00% | 0.00x | 1.53x | $-2.91 Million |
| 2023 | -24.40% | 0.00% | 0.00x | 1.28x | $-3.69 Million |
Industry Comparison
This section compares Ultra Resources 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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ultra Resources Inc (ULTXF) | $10.27 Million | -19.55% | 0.30x | $1.56 Million |
| 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 |