Spartan Delta Corp
Spartan Delta Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. Its assets are located in Duvernay and Deep Basin in Canada. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp. was incorporated in 2006 and is headquartered in Calgary, Canada.
Spartan Delta Corp (DALXF) - Net Assets
Latest net assets as of September 2025: $610.05 Million USD
Based on the latest financial reports, Spartan Delta Corp (DALXF) has net assets worth $610.05 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.09 Billion) and total liabilities ($479.95 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 | $610.05 Million |
| % of Total Assets | 55.97% |
| Annual Growth Rate | 21.43% |
| 5-Year Change | 242.76% |
| 10-Year Change | N/A |
| Growth Volatility | 259.54 |
Spartan Delta Corp - Net Assets Trend (2006–2024)
This chart illustrates how Spartan Delta 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 Spartan Delta Corp (2006–2024)
The table below shows the annual net assets of Spartan Delta Corp from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $471.43 Million | +9.71% |
| 2023-12-31 | $429.72 Million | -71.67% |
| 2022-12-31 | $1.52 Billion | +71.07% |
| 2021-12-31 | $886.65 Million | +544.65% |
| 2020-12-31 | $137.54 Million | +436.42% |
| 2019-12-31 | $25.64 Million | +742.33% |
| 2018-12-31 | $3.04 Million | -48.15% |
| 2017-12-31 | $5.87 Million | +537.89% |
| 2016-12-31 | $920.26K | +1214.86% |
| 2015-12-31 | $-82.55K | -116.81% |
| 2014-12-31 | $490.95K | -90.36% |
| 2013-12-31 | $5.09 Million | +38.57% |
| 2012-12-31 | $3.68 Million | -8.76% |
| 2011-12-31 | $4.03 Million | -40.66% |
| 2010-12-31 | $6.79 Million | -28.50% |
| 2009-12-31 | $9.50 Million | -20.69% |
| 2008-12-31 | $11.97 Million | -31.07% |
| 2007-12-31 | $17.37 Million | +21.43% |
| 2006-12-31 | $14.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spartan Delta 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 grown by 45117466400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $450.99 Million | 95.66% |
| Common Stock | $13.53 Million | 2.87% |
| Other Components | $6.91 Million | 1.47% |
| Total Equity | $471.43 Million | 100.00% |
Spartan Delta Corp Competitors by Market Cap
The table below lists competitors of Spartan Delta Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Warrant Pharmaceutical Co. Ltd. A
SHG:688799
|
$334.81 Million |
|
Yangtze Optical Fibre And Cable Joint Stock Limited Company
PINK:YZOFF
|
$334.84 Million |
|
Asseco Business Solutions S.A.
WAR:ABS
|
$334.91 Million |
|
DongHua Testing Technology Co Ltd
SHE:300354
|
$335.00 Million |
|
Delfi Limited
PINK:PEFDF
|
$334.75 Million |
|
R22 SA ZY -02
F:0K0
|
$334.72 Million |
|
Bohai Ferry Co Ltd
SHG:603167
|
$334.70 Million |
|
FuelCell Energy Inc
NASDAQ:FCEL
|
$334.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spartan Delta Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 429,717,000 to 471,427,000, a change of 41,710,000 (9.7%).
- Net income of 34,283,000 contributed positively to equity growth.
- Dividend payments of 53,000 reduced retained earnings.
- Other factors increased equity by 7,480,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $34.28 Million | +7.27% |
| Dividends Paid | $53.00K | -0.01% |
| Other Changes | $7.48 Million | +1.59% |
| Total Change | $- | 9.71% |
Book Value vs Market Value Analysis
This analysis compares Spartan Delta 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: 0.73x
- 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 increased from 0.01x to 0.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $324.80 | $1.98 | x |
| 2007-12-31 | $268.16 | $1.98 | x |
| 2008-12-31 | $184.72 | $1.98 | x |
| 2009-12-31 | $135.73 | $1.98 | x |
| 2010-12-31 | $79.11 | $1.98 | x |
| 2011-12-31 | $46.94 | $1.98 | x |
| 2012-12-31 | $42.81 | $1.98 | x |
| 2013-12-31 | $52.34 | $1.98 | x |
| 2014-12-31 | $4.39 | $1.98 | x |
| 2015-12-31 | $-0.72 | $1.98 | x |
| 2016-12-31 | $6.52 | $1.98 | x |
| 2017-12-31 | $14.69 | $1.98 | x |
| 2018-12-31 | $2.75 | $1.98 | x |
| 2019-12-31 | $12.85 | $1.98 | x |
| 2020-12-31 | $2.48 | $1.98 | x |
| 2021-12-31 | $6.64 | $1.98 | x |
| 2022-12-31 | $8.64 | $1.98 | x |
| 2023-12-31 | $2.48 | $1.98 | x |
| 2024-12-31 | $2.69 | $1.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spartan Delta 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): 7.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.16%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.98x
- Recent ROE (7.27%) is above the historical average (-73.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -1.33% | -68.40% | 0.02x | 1.03x | $-1.62 Million |
| 2007 | -6.78% | -389.32% | 0.02x | 1.03x | $-2.91 Million |
| 2008 | -48.72% | -167.99% | 0.27x | 1.09x | $-7.03 Million |
| 2009 | -95.78% | -522.88% | 0.17x | 1.10x | $-10.04 Million |
| 2010 | -41.24% | -91.81% | 0.39x | 1.15x | $-3.48 Million |
| 2011 | -2.96% | -3.81% | 0.65x | 1.19x | $-522.09K |
| 2012 | -12.21% | -18.50% | 0.58x | 1.15x | $-816.15K |
| 2013 | -43.57% | -85.67% | 0.42x | 1.21x | $-2.73 Million |
| 2014 | -1222.28% | -583.50% | 0.85x | 2.47x | $-6.05 Million |
| 2015 | 0.00% | -1759.29% | 0.12x | 0.00x | $-673.06K |
| 2016 | -42.52% | -73.92% | 0.05x | 10.70x | $-483.35K |
| 2017 | -38.31% | -100.43% | 0.15x | 2.59x | $-2.84 Million |
| 2018 | -103.68% | -155.18% | 0.17x | 4.03x | $-3.46 Million |
| 2019 | -7.79% | -121.14% | 0.05x | 1.34x | $-4.56 Million |
| 2020 | 34.65% | 47.80% | 0.30x | 2.41x | $33.91 Million |
| 2021 | 37.69% | 54.01% | 0.36x | 1.97x | $245.56 Million |
| 2022 | 44.90% | 46.17% | 0.70x | 1.38x | $529.40 Million |
| 2023 | 154.31% | 100.11% | 0.81x | 1.91x | $620.14 Million |
| 2024 | 7.27% | 11.16% | 0.33x | 1.98x | $-12.86 Million |
Industry Comparison
This section compares Spartan Delta 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 |
|---|---|---|---|---|
| Spartan Delta Corp (DALXF) | $610.05 Million | -1.33% | 0.79x | $334.78 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 |