Cabo Drilling Corp
Cabo Drilling Corp., a drilling services company, provides contract drilling services to major, mid-tier, and junior mining and mineral exploration companies in Canada, Greece, Panama, Colombia, Albania, Kosovo, and the United States. Its services include surface and underground coring, directional, reverse circulation, and geotechnical drilling. The company also offers tree falling and clearing … Read more
Cabo Drilling Corp (CBEEF) - Net Assets
Latest net assets as of March 2018: $1.75 Million USD
Based on the latest financial reports, Cabo Drilling Corp (CBEEF) has net assets worth $1.75 Million USD as of March 2018.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.86 Million) and total liabilities ($12.10 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 | $1.75 Million |
| % of Total Assets | 12.66% |
| Annual Growth Rate | -33.43% |
| 5-Year Change | -86.43% |
| 10-Year Change | N/A |
| Growth Volatility | 18.52 |
Cabo Drilling Corp - Net Assets Trend (2012–2017)
This chart illustrates how Cabo Drilling Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cabo Drilling Corp (2012–2017)
The table below shows the annual net assets of Cabo Drilling Corp from 2012 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-06-30 | $3.07 Million | -56.48% |
| 2016-06-30 | $7.05 Million | -41.26% |
| 2015-06-30 | $11.99 Million | -35.85% |
| 2014-06-30 | $18.70 Million | -17.25% |
| 2013-06-30 | $22.60 Million | -3.64% |
| 2012-06-30 | $23.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cabo Drilling Corp'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 2366947700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2017)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $26.41 Million | 861.29% |
| Other Comprehensive Income | $326.27K | 10.64% |
| Total Equity | $3.07 Million | 100.00% |
Cabo Drilling Corp Competitors by Market Cap
The table below lists competitors of Cabo Drilling Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
THC Therapeutics Inc
PINK:THCT
|
$8.92K |
|
Pender Street Capital Corp.
V:PCP-P
|
$8.92K |
|
NINE DRAGONS PAPER
MU:N3Y
|
$8.92K |
|
Lion Capital S.A.
RO:LION
|
$8.92K |
|
Attock Cement Pakistan Ltd
KAR:ACPL
|
$8.90K |
|
Fortune Valley Treasures Inc
PINK:FVTI
|
$8.90K |
|
Acmepoint Energy Services Co.,LTD
TWO:6692
|
$8.89K |
|
Alexandria New Medical Center
EGX:AMES
|
$8.88K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cabo Drilling Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from 7,046,091 to 3,066,250, a change of -3,979,841 (-56.5%).
- Net loss of 3,910,365 reduced equity.
- Other comprehensive income decreased equity by 69,475.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.91 Million | -127.53% |
| Other Comprehensive Income | $-69.47K | -2.27% |
| Other Changes | $-1.00 | -0.0% |
| Total Change | $- | -56.48% |
Book Value vs Market Value Analysis
This analysis compares Cabo Drilling Corp'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: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-06-30 | $0.00 | $0.00 | x |
| 2015-06-30 | $0.00 | $0.00 | x |
| 2016-06-30 | $0.08 | $0.00 | x |
| 2017-06-30 | $0.03 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cabo Drilling Corp 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): -127.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.41%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 4.27x
- Recent ROE (-127.53%) is below the historical average (-39.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 6.94% | 2.81% | 1.39x | 1.78x | $-717.47K |
| 2013 | 0.00% | 0.00% | 1.13x | 1.58x | $-2.26 Million |
| 2014 | -26.89% | -21.84% | 0.72x | 1.70x | $-6.90 Million |
| 2015 | -56.46% | -46.22% | 0.61x | 2.02x | $-7.97 Million |
| 2016 | -31.37% | -18.69% | 0.74x | 2.27x | $-2.92 Million |
| 2017 | -127.53% | -42.41% | 0.70x | 4.27x | $-4.22 Million |
Industry Comparison
This section compares Cabo Drilling Corp'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 |
|---|---|---|---|---|
| Cabo Drilling Corp (CBEEF) | $1.75 Million | 6.94% | 6.90x | $8.91K |
| 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 |