Ardea Resources Limited
Ardea Resources Limited operates as a battery mineral company in Australia. The company explores for nickel, cobalt, scandium, lithium, gold, platinum-group elements, copper, and rare earth metals. Its flagship project is the Kalgoorlie Nickel Project (KNP) located in the Kalgoorlie, Western Australia. Ardea Resources Limited was incorporated in 2016 and is based in West Perth, Australia.
Ardea Resources Limited (ARRRF) - Net Assets
Latest net assets as of June 2025: $67.63 Million USD
Based on the latest financial reports, Ardea Resources Limited (ARRRF) has net assets worth $67.63 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 ($125.37 Million) and total liabilities ($57.74 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 | $67.63 Million |
| % of Total Assets | 53.94% |
| Annual Growth Rate | 18.9% |
| 5-Year Change | 91.64% |
| 10-Year Change | N/A |
| Growth Volatility | 64.17 |
Ardea Resources Limited - Net Assets Trend (2016–2025)
This chart illustrates how Ardea Resources Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ardea Resources Limited (2016–2025)
The table below shows the annual net assets of Ardea Resources Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $67.63 Million | +22.58% |
| 2024-06-30 | $55.17 Million | +20.29% |
| 2023-06-30 | $45.87 Million | -6.42% |
| 2022-06-30 | $49.01 Million | +38.89% |
| 2021-06-30 | $35.29 Million | +7.91% |
| 2020-06-30 | $32.70 Million | -13.14% |
| 2019-06-30 | $37.65 Million | -2.03% |
| 2018-06-30 | $38.43 Million | +204.43% |
| 2017-06-30 | $12.62 Million | -11.35% |
| 2016-06-30 | $14.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ardea Resources Limited'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 1906144900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $79.38 Million | 117.37% |
| Other Comprehensive Income | $8.07 Million | 11.93% |
| Total Equity | $67.63 Million | 100.00% |
Ardea Resources Limited Competitors by Market Cap
The table below lists competitors of Ardea Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Werewolf Therapeutics Inc
NASDAQ:HOWL
|
$34.84 Million |
|
Ene Technology Inc
TW:6243
|
$34.86 Million |
|
CHINA DISPLAY O.T.H.HD-10
F:PJJ1
|
$34.87 Million |
|
Kbi Metal Co. Ltd
KQ:024840
|
$34.88 Million |
|
mySafety Group B
ST:SAFETY-B
|
$34.82 Million |
|
Kezar Life Sciences Inc
NASDAQ:KZR
|
$34.80 Million |
|
eXoZymes, Inc.
NASDAQ:EXOZ
|
$34.79 Million |
|
TECH.OLYMPIC NA EO 5
F:TQZA
|
$34.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ardea Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 55,171,525 to 67,629,545, a change of 12,458,020 (22.6%).
- Net loss of 3,259,277 reduced equity.
- Share repurchases of 256,801 reduced equity.
- New share issuances of 4,613,900 increased equity.
- Other comprehensive income increased equity by 432,828.
- Other factors increased equity by 10,927,370.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.26 Million | -4.82% |
| Share Repurchases | $256.80K | -0.38% |
| Share Issuances | $4.61 Million | +6.82% |
| Other Comprehensive Income | $432.83K | +0.64% |
| Other Changes | $10.93 Million | +16.16% |
| Total Change | $- | 22.58% |
Book Value vs Market Value Analysis
This analysis compares Ardea Resources Limited'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: 0.82x
- 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 1.20x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | $0.23 | $0.28 | x |
| 2017-06-30 | $0.18 | $0.28 | x |
| 2018-06-30 | $0.45 | $0.28 | x |
| 2019-06-30 | $0.36 | $0.28 | x |
| 2020-06-30 | $0.29 | $0.28 | x |
| 2021-06-30 | $0.28 | $0.28 | x |
| 2022-06-30 | $0.33 | $0.28 | x |
| 2023-06-30 | $0.27 | $0.28 | x |
| 2024-06-30 | $0.28 | $0.28 | x |
| 2025-06-30 | $0.34 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ardea Resources Limited 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): -4.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -88.62%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.85x
- Recent ROE (-4.82%) is above the historical average (-7.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -4.23% | 0.00% | 0.00x | 1.03x | $-1.80 Million |
| 2018 | -9.92% | 0.00% | 0.00x | 1.03x | $-7.66 Million |
| 2019 | -3.07% | -346.71% | 0.01x | 1.02x | $-4.92 Million |
| 2020 | -6.35% | -2486.06% | 0.00x | 1.02x | $-5.35 Million |
| 2021 | -6.51% | -1565.22% | 0.00x | 1.02x | $-5.83 Million |
| 2022 | -10.87% | -23955.53% | 0.00x | 1.03x | $-10.23 Million |
| 2023 | -9.24% | -5639.76% | 0.00x | 1.04x | $-8.82 Million |
| 2024 | -13.97% | -2390.29% | 0.01x | 1.08x | $-13.22 Million |
| 2025 | -4.82% | -88.62% | 0.03x | 1.85x | $-10.02 Million |
Industry Comparison
This section compares Ardea Resources Limited'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 |
|---|---|---|---|---|
| Ardea Resources Limited (ARRRF) | $67.63 Million | -4.23% | 0.85x | $34.83 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 |