Corsa Coal Corp
Corsa Coal Corp. mines, processes, and sells metallurgical coal in the Asia, North America, South America, and Europe. The company is involved in the exploring, acquiring, and developing coal resource properties. Its flagship mine is the Casselman Mine property with approximately 6.2 million tons of clean coking coal located in the Maryland, United States. It produces thermal coal. The company se… Read more
Corsa Coal Corp (CRSXF) - Net Assets
Latest net assets as of June 2024: $67.92 Million USD
Based on the latest financial reports, Corsa Coal Corp (CRSXF) has net assets worth $67.92 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 ($179.25 Million) and total liabilities ($111.33 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 | $67.92 Million |
| % of Total Assets | 37.89% |
| Annual Growth Rate | 13.39% |
| 5-Year Change | -43.42% |
| 10-Year Change | -56.23% |
| Growth Volatility | 151.99 |
Corsa Coal Corp - Net Assets Trend (2012–2023)
This chart illustrates how Corsa Coal 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 Corsa Coal Corp (2012–2023)
The table below shows the annual net assets of Corsa Coal Corp from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $85.53 Million | +38.83% |
| 2022-12-31 | $61.61 Million | -31.00% |
| 2021-12-31 | $89.28 Million | +1.78% |
| 2020-12-31 | $87.72 Million | -41.97% |
| 2019-12-31 | $151.16 Million | +0.11% |
| 2018-12-31 | $151.00 Million | +4.65% |
| 2017-12-31 | $144.28 Million | +144.62% |
| 2016-12-31 | $58.98 Million | -7.49% |
| 2015-12-31 | $63.76 Million | -67.37% |
| 2014-12-31 | $195.40 Million | +50.58% |
| 2013-12-31 | $129.76 Million | +504.14% |
| 2012-12-31 | $21.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Corsa Coal 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 1233.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $225.82 Million | 264.03% |
| Total Equity | $85.53 Million | 100.00% |
Corsa Coal Corp Competitors by Market Cap
The table below lists competitors of Corsa Coal Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Starr Peak Exploration Ltd
OTCQX:STRPF
|
$13.73 Million |
|
HT Media Limited
NSE:HTMEDIA
|
$13.74 Million |
|
Foraj Sonde SA Videle
RO:FOJE
|
$13.74 Million |
|
Fade Gida Yatirim Sanayi Ticaret As
IS:FADE
|
$13.74 Million |
|
Vitreous Glass Inc
PINK:VCIGF
|
$13.73 Million |
|
Ziga Innovation Public Company Limited
BK:ZIGA
|
$13.73 Million |
|
Thai Mitsuwa Public Company Limited
BK:TMW
|
$13.73 Million |
|
R.P.P. Infra Projects Limited
NSE:RPPINFRA
|
$13.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Corsa Coal Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 61,608,000 to 85,530,000, a change of 23,922,000 (38.8%).
- Net income of 23,553,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $23.55 Million | +27.54% |
| Other Changes | $369.00K | +0.43% |
| Total Change | $- | 38.83% |
Book Value vs Market Value Analysis
This analysis compares Corsa Coal 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: 0.18x
- 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 |
|---|---|---|---|
| 2017-12-31 | $1.03 | $0.15 | x |
| 2018-12-31 | $1.07 | $0.15 | x |
| 2019-12-31 | $1.05 | $0.15 | x |
| 2020-12-31 | $0.45 | $0.15 | x |
| 2021-12-31 | $0.86 | $0.15 | x |
| 2022-12-31 | $0.60 | $0.15 | x |
| 2023-12-31 | $0.82 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Corsa Coal 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): 27.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.95%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.24x
- Recent ROE (27.54%) is above the historical average (-58.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 39.03% | 49.62% | 0.50x | 1.56x | $37.67 Million |
| 2014 | -28.47% | -30.46% | 0.39x | 2.42x | $-57.85 Million |
| 2015 | -434.53% | -107.92% | 0.64x | 6.31x | $-142.80 Million |
| 2016 | -139.99% | -36.98% | 0.48x | 7.84x | $-38.43 Million |
| 2017 | 71.92% | 26.43% | 0.86x | 3.17x | $60.05 Million |
| 2018 | 2.43% | 0.92% | 0.94x | 2.80x | $-7.65 Million |
| 2019 | -2.75% | -1.18% | 0.86x | 2.72x | $-12.63 Million |
| 2020 | -133.10% | -44.15% | 0.61x | 4.93x | $-60.98 Million |
| 2021 | 1.74% | 1.18% | 0.61x | 2.41x | $-7.38 Million |
| 2022 | -45.01% | -16.72% | 0.86x | 3.13x | $-33.89 Million |
| 2023 | 27.54% | 11.95% | 1.03x | 2.24x | $15.00 Million |
Industry Comparison
This section compares Corsa Coal Corp's net assets metrics with peer companies in the Coking Coal industry.
Industry Context
- Industry: Coking Coal
- Average net assets among peers: $-105,780,011
- Average return on equity (ROE) among peers: -39.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Corsa Coal Corp (CRSXF) | $67.92 Million | 39.03% | 1.64x | $13.73 Million |
| AJ Lucas Group Limited (AJLGF) | $65.16 Million | 20.67% | 2.53x | $1.69 Million |
| Alpha Metallurgical Resources Inc (AMR) | $37.22 Million | -209.92% | 24.43x | $2.01 Billion |
| Arch Resources Inc (ARCH) | $-1.24 Billion | 0.00% | 0.00x | $181.11 Million |
| American Resources Corp Class A (AREC) | $107.38K | -82.82% | 0.03x | $183.18 Million |
| Bens Creek Group Plc (BENCF) | $23.00 Million | -105.07% | 2.48x | $19.11K |
| Bathurst Resources Limited (BTURF) | $19.08 Million | 5.15% | 1.20x | $64.95 Million |
| BWCCF (BWCCF) | $14.95 Million | -21.57% | 0.09x | $32.79 |
| Canaf Investments Inc (CAFZF) | $1.71 Million | 48.90% | 1.41x | $8.61 Million |
| Colonial Coal International Corp (CCARF) | $18.74 Million | -8.46% | 0.01x | $97.60 Million |
| CKALF (CKALF) | $6.51 Million | -41.42% | 3.06x | $939.80K |