Cathedral Energy Services Ltd
ACT Energy Technologies Ltd., together with its subsidiaries, provides directional drilling services to oil and natural gas companies in Canada and the United States. It offers remote directional and measurement-while-drilling (MWD), automated gamma, drilling optimization, and well planning and rotary steerable services. The company also offers mud motors, MWD technology solutions, rotary steerab… Read more
Cathedral Energy Services Ltd (CETEF) - Net Assets
Latest net assets as of June 2025: $234.12 Million USD
Based on the latest financial reports, Cathedral Energy Services Ltd (CETEF) has net assets worth $234.12 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 ($455.49 Million) and total liabilities ($221.37 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 | $234.12 Million |
| % of Total Assets | 51.4% |
| Annual Growth Rate | 10.62% |
| 5-Year Change | 504.34% |
| 10-Year Change | 150.06% |
| Growth Volatility | 518.41 |
Cathedral Energy Services Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Cathedral Energy Services 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 Cathedral Energy Services Ltd (1996–2024)
The table below shows the annual net assets of Cathedral Energy Services Ltd from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $241.58 Million | +34.61% |
| 2023-12-31 | $179.47 Million | +16.62% |
| 2022-12-31 | $153.90 Million | +262.08% |
| 2021-12-31 | $42.50 Million | +6.33% |
| 2020-12-31 | $39.97 Million | -41.29% |
| 2019-12-31 | $68.09 Million | -23.61% |
| 2018-12-31 | $89.14 Million | -12.08% |
| 2017-12-31 | $101.39 Million | +11.70% |
| 2016-12-31 | $90.77 Million | -6.04% |
| 2015-12-31 | $96.61 Million | -24.74% |
| 2014-12-31 | $128.37 Million | +1.39% |
| 2013-12-31 | $126.61 Million | -8.21% |
| 2012-12-31 | $137.93 Million | +1.34% |
| 2011-12-31 | $136.11 Million | +24.74% |
| 2010-12-31 | $109.11 Million | +12.00% |
| 2009-12-31 | $97.42 Million | +6.06% |
| 2008-12-31 | $91.86 Million | +15.91% |
| 2007-12-31 | $79.25 Million | +3.97% |
| 2006-12-31 | $76.22 Million | +27.86% |
| 2005-12-31 | $59.61 Million | +77.61% |
| 2004-12-31 | $33.56 Million | +102.33% |
| 2003-12-31 | $16.59 Million | +1.30% |
| 2002-12-31 | $16.38 Million | -1.22% |
| 2001-12-31 | $16.58 Million | +45.78% |
| 2000-12-31 | $11.37 Million | +2743.00% |
| 1998-12-31 | $400.00K | -96.75% |
| 1997-12-31 | $12.30 Million | -13.99% |
| 1996-12-31 | $14.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cathedral Energy Services 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 2263200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.73 Million | 3.61% |
| Common Stock | $195.52 Million | 80.93% |
| Other Comprehensive Income | $19.15 Million | 7.93% |
| Other Components | $18.18 Million | 7.53% |
| Total Equity | $241.58 Million | 100.00% |
Cathedral Energy Services Ltd Competitors by Market Cap
The table below lists competitors of Cathedral Energy Services Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blink Charging Co
NASDAQ:BLNK
|
$68.92 Million |
|
Se Gyung Hi Tech Co.Ltd
KQ:148150
|
$68.93 Million |
|
Puradelta Lestari PT
JK:DMAS
|
$68.93 Million |
|
Helium One Global Ltd
OTCQB:HLOGF
|
$68.94 Million |
|
Tera Autotech
TWO:6234
|
$68.86 Million |
|
Betr Entertainment Ltd
AU:BBT
|
$68.81 Million |
|
Steel Pipe Industry Of Indonesia
JK:ISSP
|
$68.80 Million |
|
XSpray Pharma AB
ST:XSPRAY
|
$68.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cathedral Energy Services Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,468,000 to 241,580,000, a change of 62,112,000 (34.6%).
- Net income of 57,907,000 contributed positively to equity growth.
- Share repurchases of 9,028,000 reduced equity.
- New share issuances of 3,995,000 increased equity.
- Other comprehensive income increased equity by 6,063,000.
- Other factors increased equity by 3,175,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $57.91 Million | +23.97% |
| Share Repurchases | $9.03 Million | -3.74% |
| Share Issuances | $4.00 Million | +1.65% |
| Other Comprehensive Income | $6.06 Million | +2.51% |
| Other Changes | $3.17 Million | +1.31% |
| Total Change | $- | 34.61% |
Book Value vs Market Value Analysis
This analysis compares Cathedral Energy Services 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: 0.53x
- 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 0.70x to 0.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $4.77 | $3.34 | x |
| 1997-12-31 | $4.39 | $3.34 | x |
| 1998-12-31 | $0.15 | $3.34 | x |
| 1999-12-31 | $0.07 | $3.34 | x |
| 2000-12-31 | $1.91 | $3.34 | x |
| 2001-12-31 | $2.01 | $3.34 | x |
| 2002-12-31 | $1.99 | $3.34 | x |
| 2003-12-31 | $0.75 | $3.34 | x |
| 2004-12-31 | $1.40 | $3.34 | x |
| 2005-12-31 | $2.08 | $3.34 | x |
| 2006-12-31 | $2.42 | $3.34 | x |
| 2007-12-31 | $2.49 | $3.34 | x |
| 2008-12-31 | $2.83 | $3.34 | x |
| 2009-12-31 | $2.79 | $3.34 | x |
| 2010-12-31 | $2.94 | $3.34 | x |
| 2011-12-31 | $3.58 | $3.34 | x |
| 2012-12-31 | $3.64 | $3.34 | x |
| 2013-12-31 | $3.50 | $3.34 | x |
| 2014-12-31 | $3.54 | $3.34 | x |
| 2015-12-31 | $2.66 | $3.34 | x |
| 2016-12-31 | $2.50 | $3.34 | x |
| 2017-12-31 | $2.13 | $3.34 | x |
| 2018-12-31 | $1.80 | $3.34 | x |
| 2019-12-31 | $1.38 | $3.34 | x |
| 2020-12-31 | $0.81 | $3.34 | x |
| 2021-12-31 | $0.65 | $3.34 | x |
| 2022-12-31 | $1.85 | $3.34 | x |
| 2023-12-31 | $4.97 | $3.34 | x |
| 2024-12-31 | $6.29 | $3.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cathedral Energy Services 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): 23.97%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.13%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 1.96x
- Recent ROE (23.97%) is above the historical average (-101.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 2.10% | 4.29% | 0.45x | 1.10x | $-1.13 Million |
| 1997 | -17.07% | -105.00% | 0.14x | 1.15x | $-3.33 Million |
| 1998 | -2950.00% | -786.67% | 0.54x | 7.00x | $-11.84 Million |
| 1999 | -200.00% | -57.14% | 3.50x | 1.00x | $-420.00K |
| 2000 | 39.32% | 23.49% | 0.94x | 1.78x | $3.33 Million |
| 2001 | 31.40% | 22.21% | 0.93x | 1.52x | $3.55 Million |
| 2002 | 20.69% | 15.35% | 0.89x | 1.52x | $1.75 Million |
| 2003 | 26.77% | 13.57% | 0.99x | 1.99x | $2.78 Million |
| 2004 | 27.20% | 19.64% | 0.99x | 1.39x | $5.77 Million |
| 2005 | 36.58% | 25.36% | 0.84x | 1.73x | $15.85 Million |
| 2006 | 46.37% | 25.57% | 1.10x | 1.64x | $27.73 Million |
| 2007 | 31.37% | 17.13% | 1.11x | 1.65x | $16.94 Million |
| 2008 | 32.81% | 16.84% | 0.97x | 2.00x | $20.95 Million |
| 2009 | 5.42% | 5.59% | 0.54x | 1.78x | $-4.46 Million |
| 2010 | 14.96% | 11.55% | 0.73x | 1.78x | $5.42 Million |
| 2011 | 20.30% | 12.54% | 0.95x | 1.70x | $14.02 Million |
| 2012 | 10.73% | 7.28% | 0.91x | 1.62x | $1.00 Million |
| 2013 | -1.22% | -0.69% | 1.09x | 1.62x | $-14.20 Million |
| 2014 | 8.01% | 3.73% | 1.19x | 1.80x | $-2.55 Million |
| 2015 | -36.58% | -25.97% | 0.87x | 1.61x | $-45.00 Million |
| 2016 | -6.37% | -7.15% | 0.59x | 1.50x | $-14.86 Million |
| 2017 | 0.09% | 0.06% | 1.21x | 1.20x | $-10.05 Million |
| 2018 | -19.14% | -10.61% | 1.32x | 1.37x | $-25.98 Million |
| 2019 | -28.18% | -15.95% | 1.13x | 1.56x | $-26.00 Million |
| 2020 | -69.37% | -68.35% | 0.63x | 1.61x | $-31.73 Million |
| 2021 | -20.29% | -13.80% | 0.83x | 1.77x | $-12.88 Million |
| 2022 | 11.92% | 5.75% | 0.90x | 2.30x | $2.96 Million |
| 2023 | 5.92% | 1.95% | 1.35x | 2.25x | $-7.32 Million |
| 2024 | 23.97% | 10.13% | 1.21x | 1.96x | $33.75 Million |
Industry Comparison
This section compares Cathedral Energy Services 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: $176,912,294
- Average return on equity (ROE) among peers: -7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cathedral Energy Services Ltd (CETEF) | $234.12 Million | 2.10% | 0.95x | $68.91 Million |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| AKITA Drilling Ltd (AKTAF) | $124.93 Million | 16.71% | 0.30x | $37.79 Million |
| 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 |
| 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 |