AKITA Drilling Ltd
AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas. The company was founded in 1964 and is headquartered in Calgary, Canada. AKITA Drill… Read more
AKITA Drilling Ltd (AKTAF) - Net Assets
Latest net assets as of June 2025: $180.97 Million USD
Based on the latest financial reports, AKITA Drilling Ltd (AKTAF) has net assets worth $180.97 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($258.01 Million) and total liabilities ($77.04 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 | $180.97 Million |
| % of Total Assets | 70.14% |
| Annual Growth Rate | 7.06% |
| 5-Year Change | 12.64% |
| 10-Year Change | -22.11% |
| Growth Volatility | 16.91 |
AKITA Drilling Ltd - Net Assets Trend (1993–2024)
This chart illustrates how AKITA Drilling Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AKITA Drilling Ltd (1993–2024)
The table below shows the annual net assets of AKITA Drilling Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $171.51 Million | +9.97% |
| 2023-12-31 | $155.96 Million | +13.14% |
| 2022-12-31 | $137.85 Million | +4.84% |
| 2021-12-31 | $131.49 Million | -13.65% |
| 2020-12-31 | $152.27 Million | -37.88% |
| 2019-12-31 | $245.13 Million | -9.79% |
| 2018-12-31 | $271.73 Million | +55.76% |
| 2017-12-31 | $174.46 Million | -20.57% |
| 2016-12-31 | $219.65 Million | -0.25% |
| 2015-12-31 | $220.20 Million | -15.26% |
| 2014-12-31 | $259.84 Million | +5.93% |
| 2013-12-31 | $245.29 Million | +9.50% |
| 2012-12-31 | $224.00 Million | +11.38% |
| 2011-12-31 | $201.10 Million | +0.00% |
| 2010-12-31 | $201.09 Million | -0.17% |
| 2009-12-31 | $201.45 Million | +1.50% |
| 2008-12-31 | $198.46 Million | +5.54% |
| 2007-12-31 | $188.04 Million | +8.77% |
| 2006-12-31 | $172.87 Million | +16.52% |
| 2005-12-31 | $148.37 Million | +18.76% |
| 2004-12-31 | $124.93 Million | +20.60% |
| 2003-12-31 | $103.59 Million | +13.90% |
| 2002-12-31 | $90.95 Million | +13.02% |
| 2001-12-31 | $80.47 Million | +22.63% |
| 2000-12-31 | $65.62 Million | +12.76% |
| 1999-12-31 | $58.20 Million | -1.19% |
| 1998-12-31 | $58.90 Million | +20.70% |
| 1997-12-31 | $48.80 Million | +20.49% |
| 1996-12-31 | $40.50 Million | +21.26% |
| 1995-12-31 | $33.40 Million | +21.01% |
| 1994-12-31 | $27.60 Million | +33.33% |
| 1993-12-31 | $20.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AKITA Drilling Ltd'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 grown by 491.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.37 Million | 8.96% |
| Common Stock | $146.37 Million | 85.34% |
| Other Comprehensive Income | $3.21 Million | 1.87% |
| Other Components | $6.56 Million | 3.83% |
| Total Equity | $171.51 Million | 100.00% |
AKITA Drilling Ltd Competitors by Market Cap
The table below lists competitors of AKITA Drilling Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Onde SA
WAR:OND
|
$37.80 Million |
|
Topower Co Ltd
TWO:3226
|
$37.80 Million |
|
Export Packing
KO:002200
|
$37.81 Million |
|
Vakrangee Limited
NSE:VAKRANGEE
|
$37.81 Million |
|
SMC Global Securities Limited
NSE:SMCGLOBAL
|
$37.78 Million |
|
EVO Transportation & Energy Services Inc
PINK:EVOA
|
$37.78 Million |
|
Loyalty Founder Enterprise Co Ltd
TWO:5465
|
$37.77 Million |
|
Mitchell Services Ltd
AU:MSV
|
$37.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AKITA Drilling Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 155,962,000 to 171,506,000, a change of 15,544,000 (10.0%).
- Net income of 12,863,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,167,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.86 Million | +7.5% |
| Other Comprehensive Income | $2.17 Million | +1.26% |
| Other Changes | $514.00K | +0.3% |
| Total Change | $- | 9.97% |
Book Value vs Market Value Analysis
This analysis compares AKITA Drilling Ltd'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: 0.29x
- 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.
- The price-to-book ratio has decreased from 1.06x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $1.19 | $1.27 | x |
| 1994-12-31 | $1.44 | $1.27 | x |
| 1995-12-31 | $1.72 | $1.27 | x |
| 1996-12-31 | $2.08 | $1.27 | x |
| 1997-12-31 | $2.53 | $1.27 | x |
| 1998-12-31 | $3.08 | $1.27 | x |
| 1999-12-31 | $3.08 | $1.27 | x |
| 2000-12-31 | $3.61 | $1.27 | x |
| 2001-12-31 | $4.43 | $1.27 | x |
| 2002-12-31 | $4.81 | $1.27 | x |
| 2003-12-31 | $5.59 | $1.27 | x |
| 2004-12-31 | $6.70 | $1.27 | x |
| 2005-12-31 | $7.91 | $1.27 | x |
| 2006-12-31 | $9.27 | $1.27 | x |
| 2007-12-31 | $10.24 | $1.27 | x |
| 2008-12-31 | $10.87 | $1.27 | x |
| 2009-12-31 | $11.05 | $1.27 | x |
| 2010-12-31 | $11.08 | $1.27 | x |
| 2011-12-31 | $11.11 | $1.27 | x |
| 2012-12-31 | $12.45 | $1.27 | x |
| 2013-12-31 | $13.58 | $1.27 | x |
| 2014-12-31 | $14.39 | $1.27 | x |
| 2015-12-31 | $12.27 | $1.27 | x |
| 2016-12-31 | $12.23 | $1.27 | x |
| 2017-12-31 | $9.72 | $1.27 | x |
| 2018-12-31 | $11.07 | $1.27 | x |
| 2019-12-31 | $6.19 | $1.27 | x |
| 2020-12-31 | $3.84 | $1.27 | x |
| 2021-12-31 | $3.32 | $1.27 | x |
| 2022-12-31 | $3.44 | $1.27 | x |
| 2023-12-31 | $3.89 | $1.27 | x |
| 2024-12-31 | $4.32 | $1.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AKITA Drilling Ltd 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): 7.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.65%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.57x
- Recent ROE (7.50%) is above the historical average (6.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 12.56% | 5.90% | 1.47x | 1.44x | $530.00K |
| 1994 | 25.36% | 11.38% | 1.46x | 1.52x | $4.24 Million |
| 1995 | 18.26% | 10.63% | 1.29x | 1.34x | $2.76 Million |
| 1996 | 17.53% | 11.22% | 1.18x | 1.32x | $3.05 Million |
| 1997 | 23.36% | 12.79% | 1.21x | 1.51x | $6.52 Million |
| 1998 | 21.90% | 17.09% | 1.08x | 1.19x | $7.01 Million |
| 1999 | 8.93% | 8.48% | 0.83x | 1.26x | $-620.00K |
| 2000 | 17.00% | 12.62% | 1.03x | 1.30x | $4.59 Million |
| 2001 | 22.23% | 16.14% | 0.76x | 1.81x | $9.84 Million |
| 2002 | 15.77% | 13.94% | 0.77x | 1.47x | $5.25 Million |
| 2003 | 18.17% | 15.17% | 0.82x | 1.46x | $8.46 Million |
| 2004 | 16.71% | 15.38% | 0.83x | 1.30x | $8.38 Million |
| 2005 | 19.72% | 18.05% | 0.81x | 1.35x | $14.43 Million |
| 2006 | 19.53% | 19.34% | 0.79x | 1.29x | $16.47 Million |
| 2007 | 11.04% | 14.52% | 0.64x | 1.19x | $1.95 Million |
| 2008 | 7.48% | 10.82% | 0.57x | 1.22x | $-5.00 Million |
| 2009 | 4.16% | 7.89% | 0.45x | 1.16x | $-11.76 Million |
| 2010 | 2.83% | 5.13% | 0.46x | 1.21x | $-14.41 Million |
| 2011 | 11.61% | 11.68% | 0.81x | 1.23x | $3.24 Million |
| 2012 | 12.84% | 12.00% | 0.82x | 1.31x | $6.36 Million |
| 2013 | 10.81% | 15.83% | 0.57x | 1.19x | $1.99 Million |
| 2014 | 8.11% | 12.75% | 0.48x | 1.31x | $-4.91 Million |
| 2015 | -15.42% | -30.19% | 0.44x | 1.16x | $-55.98 Million |
| 2016 | 2.43% | 8.73% | 0.24x | 1.17x | $-16.64 Million |
| 2017 | -22.46% | -55.03% | 0.34x | 1.19x | $-56.62 Million |
| 2018 | -5.87% | -13.47% | 0.29x | 1.49x | $-43.11 Million |
| 2019 | -8.11% | -11.30% | 0.48x | 1.51x | $-44.39 Million |
| 2020 | -61.26% | -77.95% | 0.48x | 1.65x | $-108.50 Million |
| 2021 | -15.96% | -19.07% | 0.44x | 1.88x | $-34.14 Million |
| 2022 | 3.11% | 2.13% | 0.75x | 1.95x | $-9.50 Million |
| 2023 | 11.81% | 8.17% | 0.86x | 1.69x | $2.82 Million |
| 2024 | 7.50% | 6.65% | 0.72x | 1.57x | $-4.29 Million |
Industry Comparison
This section compares AKITA Drilling Ltd's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $173,117,405
- Average return on equity (ROE) among peers: -9.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AKITA Drilling Ltd (AKTAF) | $180.97 Million | 12.56% | 0.43x | $37.79 Million |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| Archer Limited (ARHVF) | $556.89 Million | 2.23% | 0.75x | $127.09 Million |
| Awilco Drilling PLC (AWLCF) | $-126.95 Million | 0.00% | 0.00x | $16.95 Million |
| Borr Drilling Ltd (BORR) | $993.30 Million | 8.27% | 2.44x | $1.19 Billion |
| Beard Co (BRCOQ) | $10.00 Million | -4.00% | 0.46x | $0.94 |
| Cathedral Energy Services Ltd (CETEF) | $90.77 Million | -6.37% | 0.50x | $68.91 Million |
| EP3Oil, Inc. (EEEP) | $7.39 Million | -22.45% | 0.56x | $101.31 |
| Enseco Energy Services Corp (ENSRF) | $22.49 Million | 0.00% | 0.05x | $0.97 |
| EnerNorth Industries Inc (ENYNF) | $4.54 Million | -66.24% | 2.35x | $0.92 |