Altima Resources Ltd
Altima Energy Inc., a junior energy company, engages in the acquisition, exploration and development of petroleum and natural gas in Canada. The company focuses on acquiring undervalued oil and gas assets; and exploiting existing low risk high return asset enhancement. It holds interests in light gravity oil and liquid rich high impact gas targets. The company was formerly known as Altima Resourc… Read more
Altima Resources Ltd (ARSLF) - Net Assets
Latest net assets as of November 2024: $-10.56 Million USD
Based on the latest financial reports, Altima Resources Ltd (ARSLF) has net assets worth $-10.56 Million USD as of November 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.38 Million) and total liabilities ($19.94 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 | $-10.56 Million |
| % of Total Assets | -112.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -152.91% |
| Growth Volatility | 282.81 |
Altima Resources Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Altima Resources 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 Altima Resources Ltd (2004–2024)
The table below shows the annual net assets of Altima Resources Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-02-29 | $-9.83 Million | -15.98% |
| 2023-02-28 | $-8.47 Million | -126.63% |
| 2022-02-28 | $-3.74 Million | -7.70% |
| 2021-02-28 | $-3.47 Million | 0.00% |
| 2020-02-29 | $-3.47 Million | -44.84% |
| 2019-02-28 | $-2.40 Million | +44.35% |
| 2018-02-28 | $-4.31 Million | +49.34% |
| 2017-02-28 | $-8.50 Million | -211.69% |
| 2016-02-29 | $7.61 Million | -59.01% |
| 2015-02-28 | $18.57 Million | -5.04% |
| 2014-02-28 | $19.56 Million | +2.26% |
| 2013-02-28 | $19.12 Million | +15.82% |
| 2012-02-29 | $16.51 Million | +0.30% |
| 2011-02-28 | $16.46 Million | +102.01% |
| 2010-02-28 | $8.15 Million | -6.00% |
| 2009-02-28 | $8.67 Million | +67.95% |
| 2008-02-29 | $5.16 Million | +34.91% |
| 2007-02-28 | $3.83 Million | +1018.92% |
| 2006-02-28 | $341.98K | -1.10% |
| 2005-02-28 | $345.80K | +200.30% |
| 2004-02-29 | $115.15K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Altima Resources 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 decreased by 4175117500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $29.95 Million | % |
| Other Comprehensive Income | $1.98 Million | % |
| Total Equity | $-9.83 Million | 100.00% |
Altima Resources Ltd Competitors by Market Cap
The table below lists competitors of Altima Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VERU INC. DL-01
F:FMW
|
$5.18 Million |
|
Christina Lake Cannabis Corp
OTCQB:CLCFF
|
$5.18 Million |
|
Nation Group (Thailand) PCL
BK:NATION
|
$5.18 Million |
|
K. W. Metal Work Public Company Limited
BK:KWM
|
$5.18 Million |
|
Nutriband Inc. Warrant
NASDAQ:NTRBW
|
$5.18 Million |
|
Lease IT Public Company Limited
BK:LIT
|
$5.17 Million |
|
Pontiac Bancorp Inc
PINK:PONT
|
$5.17 Million |
|
Vo2 Cap Holding AB
ST:VO2
|
$5.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altima Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -8,472,485 to -9,826,187, a change of -1,353,702.
- Net loss of 2,044,877 reduced equity.
- Other comprehensive income increased equity by 186,368.
- Other factors increased equity by 504,807.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.04 Million | -20.81% |
| Other Comprehensive Income | $186.37K | +1.9% |
| Other Changes | $504.81K | +5.14% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Altima Resources 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-02-29 | $0.72 | $0.10 | x |
| 2005-02-28 | $1.08 | $0.10 | x |
| 2006-02-28 | $0.86 | $0.10 | x |
| 2007-02-28 | $4.09 | $0.10 | x |
| 2008-02-29 | $2.48 | $0.10 | x |
| 2009-02-28 | $2.70 | $0.10 | x |
| 2010-02-28 | $1.76 | $0.10 | x |
| 2011-02-28 | $1.82 | $0.10 | x |
| 2012-02-29 | $1.39 | $0.10 | x |
| 2013-02-28 | $1.16 | $0.10 | x |
| 2014-02-28 | $0.99 | $0.10 | x |
| 2015-02-28 | $0.88 | $0.10 | x |
| 2016-02-29 | $0.36 | $0.10 | x |
| 2017-02-28 | $-0.40 | $0.10 | x |
| 2018-02-28 | $-0.20 | $0.10 | x |
| 2019-02-28 | $-0.07 | $0.10 | x |
| 2020-02-29 | $-0.10 | $0.10 | x |
| 2021-02-28 | $-0.10 | $0.10 | x |
| 2022-02-28 | $-0.11 | $0.10 | x |
| 2023-02-28 | $-0.20 | $0.10 | x |
| 2024-02-29 | $-0.19 | $0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altima Resources 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -69.65%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-13.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -4.21% | 0.00% | 0.00x | 1.04x | $-16.37K |
| 2005 | -22.46% | 0.00% | 0.00x | 1.03x | $-112.26K |
| 2006 | -11.35% | 0.00% | 0.00x | 1.02x | $-73.01K |
| 2007 | -32.87% | 0.00% | 0.00x | 1.36x | $-1.64 Million |
| 2008 | -28.82% | 0.00% | 0.00x | 2.17x | $-2.00 Million |
| 2009 | -3.05% | 0.00% | 0.00x | 1.57x | $-1.13 Million |
| 2010 | -13.19% | 0.00% | 0.00x | 1.59x | $-1.89 Million |
| 2011 | -6.10% | 0.00% | 0.00x | 1.34x | $-2.65 Million |
| 2012 | -2.17% | -865.67% | 0.00x | 1.42x | $-2.01 Million |
| 2013 | -7.28% | -1372.66% | 0.00x | 1.33x | $-3.30 Million |
| 2014 | -8.72% | -262.58% | 0.02x | 1.40x | $-3.66 Million |
| 2015 | -6.97% | -84.65% | 0.05x | 1.60x | $-3.15 Million |
| 2016 | -143.99% | -2039.28% | 0.03x | 2.34x | $-11.72 Million |
| 2017 | 0.00% | -4635.54% | 0.12x | 0.00x | $-15.26 Million |
| 2018 | 0.00% | 1285.69% | 0.11x | 0.00x | $4.62 Million |
| 2019 | 0.00% | 307.45% | 0.64x | 0.00x | $1.23 Million |
| 2020 | 0.00% | -1147.29% | 0.53x | 0.00x | $-727.58K |
| 2021 | 0.00% | -1147.29% | 0.53x | 0.00x | $-727.58K |
| 2022 | 0.00% | -198.94% | 0.30x | 0.00x | $-3.41 Million |
| 2023 | 0.00% | -18.31% | 0.26x | 0.00x | $575.99K |
| 2024 | 0.00% | -69.65% | 0.46x | 0.00x | $-1.06 Million |
Industry Comparison
This section compares Altima Resources Ltd'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: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altima Resources Ltd (ARSLF) | $-10.56 Million | -4.21% | N/A | $5.18 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 |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| 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 |