Altair Resources Inc
Altair Resources Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, cobalt, and nickel deposits. It has an option to acquire 65% interest in the Simon property that consists of 37 unpatented lode claims and 20 patented lode claims located in the state of Nevada, the United States. The company was form… Read more
Altair Resources Inc (AAEEF) - Net Assets
Latest net assets as of June 2024: $-2.54 Million USD
Based on the latest financial reports, Altair Resources Inc (AAEEF) has net assets worth $-2.54 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 ($11.04K) and total liabilities ($2.55 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 | $-2.54 Million |
| % of Total Assets | -23011.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 114.27 |
Altair Resources Inc - Net Assets Trend (1999–2024)
This chart illustrates how Altair 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 Altair Resources Inc (1999–2024)
The table below shows the annual net assets of Altair Resources Inc from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $-2.42 Million | -22.44% |
| 2023-03-31 | $-1.98 Million | -18.10% |
| 2022-03-31 | $-1.68 Million | -38.12% |
| 2021-03-31 | $-1.21 Million | +0.30% |
| 2020-03-31 | $-1.22 Million | -89.43% |
| 2019-03-31 | $-642.29K | -161.81% |
| 2018-03-31 | $1.04 Million | -50.09% |
| 2017-03-31 | $2.08 Million | +1874.15% |
| 2016-03-31 | $-117.34K | -0.24% |
| 2015-03-31 | $-117.06K | -106.15% |
| 2014-03-31 | $1.90 Million | -16.95% |
| 2013-03-31 | $2.29 Million | -15.33% |
| 2012-03-31 | $2.71 Million | +37.02% |
| 2011-03-31 | $1.98 Million | +167.47% |
| 2010-03-31 | $739.00K | -68.02% |
| 2009-03-31 | $2.31 Million | -14.20% |
| 2008-03-31 | $2.69 Million | +110.47% |
| 2007-03-31 | $1.28 Million | +265.22% |
| 2006-03-31 | $350.41K | +125.62% |
| 2003-03-31 | $-1.37 Million | -374.46% |
| 2002-03-31 | $-288.26K | -121.19% |
| 2001-03-31 | $1.36 Million | +24.69% |
| 2000-03-31 | $1.09 Million | +109.89% |
| 1999-03-31 | $519.85K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altair 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 1745108400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $18.53 Million | % |
| Other Comprehensive Income | $3.85 Million | % |
| Other Components | $1.00 | % |
| Total Equity | $-2.42 Million | 100.00% |
Altair Resources Inc Competitors by Market Cap
The table below lists competitors of Altair Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DENKI KAGAKU KOGYO
DU:DIK
|
$165.39K |
|
Fidelity Global Income Portfolio
TO:FMPI
|
$165.61K |
|
LEGACY HOUSING CO DL-001
F:519
|
$165.62K |
|
UNP
NEO:UNP
|
$165.72K |
|
GT Capital Holdings Inc Pref B
PSE:GTPPB
|
$165.31K |
|
ANA HD
MU:ANCA
|
$165.31K |
|
TDBCP
OTCGREY:TDBCP
|
$165.20K |
|
Left Field Capital Corp.
V:LFC-P
|
$165.14K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altair Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,978,857 to -2,422,988, a change of -444,131.
- Net loss of 444,131 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-444.13K | -18.33% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Altair 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-03-31 | $16.36 | $0.00 | x |
| 2000-03-31 | $18.17 | $0.00 | x |
| 2001-03-31 | $11.20 | $0.00 | x |
| 2002-03-31 | $-1.63 | $0.00 | x |
| 2003-03-31 | $-5.77 | $0.00 | x |
| 2006-03-31 | $57.75 | $0.00 | x |
| 2007-03-31 | $24.83 | $0.00 | x |
| 2008-03-31 | $31.53 | $0.00 | x |
| 2009-03-31 | $19.11 | $0.00 | x |
| 2010-03-31 | $5.31 | $0.00 | x |
| 2011-03-31 | $9.74 | $0.00 | x |
| 2012-03-31 | $11.00 | $0.00 | x |
| 2013-03-31 | $4.98 | $0.00 | x |
| 2014-03-31 | $4.06 | $0.00 | x |
| 2015-03-31 | $-0.19 | $0.00 | x |
| 2016-03-31 | $-0.05 | $0.00 | x |
| 2017-03-31 | $0.34 | $0.00 | x |
| 2018-03-31 | $0.08 | $0.00 | x |
| 2019-03-31 | $-0.05 | $0.00 | x |
| 2020-03-31 | $-0.07 | $0.00 | x |
| 2021-03-31 | $-0.05 | $0.00 | x |
| 2022-03-31 | $-0.04 | $0.00 | x |
| 2023-03-31 | $-0.04 | $0.00 | x |
| 2024-03-31 | $-0.04 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altair 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): 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 (-78.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -583.77% | 0.00% | 0.00x | 4.27x | $-3.09 Million |
| 2000 | -133.87% | 0.00% | 0.00x | 1.49x | $-1.57 Million |
| 2001 | -61.92% | 0.00% | 0.00x | 1.33x | $-978.54K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.13 Million |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.54 Million |
| 2006 | -1.31% | 0.00% | 0.00x | 1.05x | $-39.63K |
| 2007 | -17.38% | 0.00% | 0.00x | 1.12x | $-350.43K |
| 2008 | -15.77% | 0.00% | 0.00x | 1.34x | $-694.23K |
| 2009 | -21.65% | 0.00% | 0.00x | 1.25x | $-731.55K |
| 2010 | -366.21% | 0.00% | 0.00x | 1.48x | $-2.78 Million |
| 2011 | -26.40% | 0.00% | 0.00x | 1.03x | $-719.58K |
| 2012 | -72.90% | 0.00% | 0.00x | 1.03x | $-2.25 Million |
| 2013 | -38.63% | 0.00% | 0.00x | 1.05x | $-1.12 Million |
| 2014 | -24.03% | 0.00% | 0.00x | 1.08x | $-647.94K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.43 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-786.22K |
| 2017 | -80.28% | 0.00% | 0.00x | 1.26x | $-1.88 Million |
| 2018 | -442.34% | 0.00% | 0.00x | 1.37x | $-4.70 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.01 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-477.22K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-167.03K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.92 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-415.84K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-201.83K |
Industry Comparison
This section compares Altair 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: $2,707,207,865
- Average return on equity (ROE) among peers: -15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altair Resources Inc (AAEEF) | $-2.54 Million | -583.77% | N/A | $165.38K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| 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 |