Altex Industries Inc
Altex Industries, Inc., through its subsidiary, Altex Oil Corporation, owns interests in productive onshore oil and gas properties located in Utah and Wyoming. The company also engages in drilling of exploratory and development wells and recompletions of existing wells business. Altex Industries, Inc. was incorporated in 1985 and is based in Denver, Colorado.
Altex Industries Inc (ALTX) - Net Assets
Latest net assets as of December 2025: $1.31 Million USD
Based on the latest financial reports, Altex Industries Inc (ALTX) has net assets worth $1.31 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.70 Million) and total liabilities ($1.39 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 | $1.31 Million |
| % of Total Assets | 48.57% |
| Annual Growth Rate | -0.46% |
| 5-Year Change | 31.83% |
| 10-Year Change | -12.34% |
| Growth Volatility | 24.38 |
Altex Industries Inc - Net Assets Trend (1996–2025)
This chart illustrates how Altex Industries 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 Altex Industries Inc (1996–2025)
The table below shows the annual net assets of Altex Industries Inc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $1.34 Million | -13.20% |
| 2024-09-30 | $1.55 Million | +36.57% |
| 2023-09-30 | $1.13 Million | -14.95% |
| 2022-09-30 | $1.33 Million | +30.75% |
| 2021-09-30 | $1.02 Million | -9.03% |
| 2020-09-30 | $1.12 Million | -10.69% |
| 2019-09-30 | $1.25 Million | -3.47% |
| 2018-09-30 | $1.30 Million | -6.69% |
| 2017-09-30 | $1.39 Million | -9.14% |
| 2016-09-30 | $1.53 Million | -20.09% |
| 2015-09-30 | $1.92 Million | -15.52% |
| 2014-09-30 | $2.27 Million | -12.84% |
| 2013-09-30 | $2.60 Million | -9.81% |
| 2012-09-30 | $2.88 Million | -10.38% |
| 2011-09-30 | $3.22 Million | -9.58% |
| 2010-09-30 | $3.56 Million | -9.39% |
| 2009-09-30 | $3.93 Million | -7.70% |
| 2008-09-30 | $4.26 Million | -8.18% |
| 2007-09-30 | $4.64 Million | -4.37% |
| 2006-09-30 | $4.85 Million | +105.08% |
| 2005-09-30 | $2.36 Million | +6.53% |
| 2004-09-30 | $2.22 Million | +1.19% |
| 2003-09-30 | $2.19 Million | -1.13% |
| 2002-09-30 | $2.22 Million | -9.54% |
| 2001-09-30 | $2.45 Million | +30.29% |
| 2000-09-30 | $1.88 Million | +5.32% |
| 1999-09-30 | $1.79 Million | -7.89% |
| 1998-09-30 | $1.94 Million | -1.17% |
| 1997-09-30 | $1.96 Million | +27.80% |
| 1996-09-30 | $1.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altex Industries 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 grown by 9600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $113.00K | 8.42% |
| Other Components | $13.68 Million | 1019.45% |
| Total Equity | $1.34 Million | 100.00% |
Altex Industries Inc Competitors by Market Cap
The table below lists competitors of Altex Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CORNING INC - Dusseldorf Stock Exchang
DU:GLW
|
$1.08 Million |
|
KBC GR - Dusseldorf Stock Exchang
DU:KDB
|
$1.08 Million |
|
Qlucore AB (publ)
ST:NOVKAN
|
$1.08 Million |
|
ARK Resources Bhd
KLSE:7007
|
$1.08 Million |
|
Wool Industry Tria Alfa S.A.
AT:AAAK
|
$1.08 Million |
|
ACTEOS S.A
PA:EOS
|
$1.08 Million |
|
J-Star Holding Co., Ltd. Ordinary Shares
NASDAQ:YMAT
|
$1.08 Million |
|
VNUE Inc
PINK:VNUE
|
$1.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altex Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,546,000 to 1,342,000, a change of -204,000 (-13.2%).
- Net loss of 192,000 reduced equity.
- Share repurchases of 12,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-192.00K | -14.31% |
| Share Repurchases | $12.00K | -0.89% |
| Total Change | $- | -13.20% |
Book Value vs Market Value Analysis
This analysis compares Altex Industries 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: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.49x to 2.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-09-30 | $0.11 | $0.27 | x |
| 1997-09-30 | $0.14 | $0.27 | x |
| 1998-09-30 | $0.12 | $0.27 | x |
| 1999-09-30 | $0.11 | $0.27 | x |
| 2000-09-30 | $0.12 | $0.27 | x |
| 2001-09-30 | $0.16 | $0.27 | x |
| 2002-09-30 | $0.15 | $0.27 | x |
| 2003-09-30 | $0.14 | $0.27 | x |
| 2004-09-30 | $0.15 | $0.27 | x |
| 2005-09-30 | $0.16 | $0.27 | x |
| 2006-09-30 | $0.33 | $0.27 | x |
| 2007-09-30 | $0.32 | $0.27 | x |
| 2008-09-30 | $0.30 | $0.27 | x |
| 2009-09-30 | $0.28 | $0.27 | x |
| 2010-09-30 | $0.26 | $0.27 | x |
| 2011-09-30 | $0.24 | $0.27 | x |
| 2012-09-30 | $0.21 | $0.27 | x |
| 2013-09-30 | $0.20 | $0.27 | x |
| 2014-09-30 | $0.17 | $0.27 | x |
| 2015-09-30 | $0.15 | $0.27 | x |
| 2016-09-30 | $0.12 | $0.27 | x |
| 2017-09-30 | $0.11 | $0.27 | x |
| 2018-09-30 | $0.10 | $0.27 | x |
| 2019-09-30 | $0.10 | $0.27 | x |
| 2020-09-30 | $0.09 | $0.27 | x |
| 2021-09-30 | $0.08 | $0.27 | x |
| 2022-09-30 | $0.11 | $0.27 | x |
| 2023-09-30 | $0.10 | $0.27 | x |
| 2024-09-30 | $0.14 | $0.27 | x |
| 2025-09-30 | $0.12 | $0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altex Industries 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): -14.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1066.67%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.05x
- Recent ROE (-14.31%) is below the historical average (1.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 6.64% | 10.23% | 0.58x | 1.13x | $-51.60K |
| 1997 | 20.43% | 29.29% | 0.66x | 1.05x | $204.70K |
| 1998 | 0.31% | 0.74% | 0.40x | 1.05x | $-188.00K |
| 1999 | -8.34% | -32.82% | 0.24x | 1.05x | $-327.70K |
| 2000 | 5.53% | 13.49% | 0.39x | 1.06x | $-84.20K |
| 2001 | 23.25% | 39.72% | 0.55x | 1.07x | $324.80K |
| 2002 | -7.71% | -30.43% | 0.24x | 1.04x | $-392.80K |
| 2003 | -1.09% | -3.09% | 0.34x | 1.05x | $-243.30K |
| 2004 | 1.71% | 4.74% | 0.34x | 1.05x | $-183.90K |
| 2005 | 6.60% | 16.05% | 0.39x | 1.06x | $-80.40K |
| 2006 | 46.62% | 666.67% | 0.06x | 1.08x | $1.78 Million |
| 2007 | -4.25% | -938.10% | 0.00x | 1.01x | $-660.60K |
| 2008 | -7.12% | -891.18% | 0.01x | 1.01x | $-728.70K |
| 2009 | -8.07% | -245.74% | 0.03x | 1.01x | $-709.90K |
| 2010 | -9.27% | -224.49% | 0.04x | 1.02x | $-686.00K |
| 2011 | -10.59% | -262.31% | 0.04x | 1.04x | $-662.90K |
| 2012 | -10.05% | -224.81% | 0.04x | 1.07x | $-578.50K |
| 2013 | -10.61% | -273.27% | 0.03x | 1.15x | $-536.20K |
| 2014 | -13.45% | -305.00% | 0.03x | 1.28x | $-531.80K |
| 2015 | -18.16% | -725.00% | 0.02x | 1.45x | $-539.60K |
| 2016 | -24.10% | -1317.86% | 0.01x | 1.71x | $-522.10K |
| 2017 | -9.27% | -211.48% | 0.02x | 1.78x | $-268.10K |
| 2018 | -5.62% | -114.06% | 0.03x | 1.84x | $-202.80K |
| 2019 | 1.52% | 33.93% | 0.02x | 1.87x | $-106.30K |
| 2020 | -10.10% | -364.52% | 0.01x | 2.08x | $-224.90K |
| 2021 | -8.06% | -186.36% | 0.02x | 2.16x | $-183.80K |
| 2022 | 92.49% | 3419.44% | 0.01x | 1.87x | $1.10 Million |
| 2023 | -11.57% | -409.38% | 0.01x | 2.06x | $-244.20K |
| 2024 | 28.27% | 1900.00% | 0.01x | 1.76x | $282.40K |
| 2025 | -14.31% | -1066.67% | 0.01x | 2.05x | $-326.20K |
Industry Comparison
This section compares Altex Industries Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,946,148,516
- Average return on equity (ROE) among peers: -0.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altex Industries Inc (ALTX) | $1.31 Million | 6.64% | 1.06x | $1.08 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |