Cygnus Oil & Gas Corp
On October 2, 2007, Cygnus Oil & Gas Corp. went out of business as per its Chapter 11 liquidation filing under bankruptcy. Cygnus Oil and Gas Corporation, a development stage energy company, engages in the exploration, development and production of oil and gas in the United States and New Zealand. It has interests in 13 oil and gas projects. The company, formerly known as Touchstone Resources USA… Read more
Cygnus Oil & Gas Corp (CYNS) - Net Assets
Latest net assets as of September 2006: $8.96 Million USD
Based on the latest financial reports, Cygnus Oil & Gas Corp (CYNS) has net assets worth $8.96 Million USD as of September 2006.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($37.59 Million) and total liabilities ($28.63 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 | $8.96 Million |
| % of Total Assets | 23.84% |
| Annual Growth Rate | 1032.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 656.45 |
Cygnus Oil & Gas Corp - Net Assets Trend (2002–2005)
This chart illustrates how Cygnus Oil & Gas 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 Cygnus Oil & Gas Corp (2002–2005)
The table below shows the annual net assets of Cygnus Oil & Gas Corp from 2002 to 2005.
| Year | Net Assets | Change |
|---|---|---|
| 2005-12-31 | $4.59 Million | -20.57% |
| 2004-12-31 | $5.78 Million | +14948.78% |
| 2003-12-31 | $-38.93K | -1333.46% |
| 2002-12-31 | $3.16K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cygnus Oil & Gas 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 3204420600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2005)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $70.75K | 1.54% |
| Other Components | $36.61 Million | 797.30% |
| Total Equity | $4.59 Million | 100.00% |
Cygnus Oil & Gas Corp Competitors by Market Cap
The table below lists competitors of Cygnus Oil & Gas Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Syntrol Corp
PINK:SNLP
|
$0.93 |
|
Sharpe Resources Corporation
PINK:SHGP
|
$0.93 |
|
Oxford Investments Holdings Inc
PINK:OXIHF
|
$0.93 |
|
Wall Street Capital Inc
PINK:WSSE
|
$0.93 |
|
InRob Tech Ltd
PINK:IRBL
|
$0.93 |
|
Caliber Imaging & Diagnostics Inc
PINK:LCDX
|
$0.93 |
|
MotorVac Technologies Inc
PINK:MVAC
|
$0.93 |
|
Neurogenesis Inc
PINK:NEUN
|
$0.93 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cygnus Oil & Gas Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2004 to 2005, total equity changed from 2,701,513 to 4,591,539, a change of 1,890,026 (70.0%).
- Net loss of 13,684,971 reduced equity.
- Other comprehensive income increased equity by 16,600.
- Other factors increased equity by 15,558,397.
Equity Change Factors (2004 to 2005)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.68 Million | -298.05% |
| Other Comprehensive Income | $16.60K | +0.36% |
| Other Changes | $15.56 Million | +338.85% |
| Total Change | $- | 69.96% |
Book Value vs Market Value Analysis
This analysis compares Cygnus Oil & Gas 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.
- The price-to-book ratio has decreased from 5.28x to 0.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.00 | $0.00 | x |
| 2003-12-31 | $0.00 | $0.00 | x |
| 2004-12-31 | $0.03 | $0.00 | x |
| 2005-12-31 | $0.07 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cygnus Oil & Gas 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): -298.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2801.24%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 3.59x
- Recent ROE (-298.05%) is above the historical average (-417.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -792.97% | 0.00% | 0.00x | 2.98x | $-25.34K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | $-38.19K |
| 2004 | -577.28% | -7766.24% | 0.01x | 7.47x | $-15.87 Million |
| 2005 | -298.05% | -2801.24% | 0.03x | 3.59x | $-14.14 Million |
Industry Comparison
This section compares Cygnus Oil & Gas Corp'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 |
|---|---|---|---|---|
| Cygnus Oil & Gas Corp (CYNS) | $8.96 Million | -792.97% | 3.19x | $0.93 |
| 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 |