First Seismic Corp
In May 2001, First Seismic Corp. executed a letter of intent with Global Geo Services ASA, a Norwegian company (GGS), pursuant to which GGS proposed to acquire First Seismic. As of December 31, 1999, First Seismic Corp. provided various geo-scientific and complementary services that were used to develop opportunities in the oil and gas business worldwide. It owned and brokered seismic data and a … Read more
First Seismic Corp (FSEI) - Net Assets
Latest net assets as of December 1999: $2.56 Million USD
Based on the latest financial reports, First Seismic Corp (FSEI) has net assets worth $2.56 Million USD as of December 1999.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.61 Million) and total liabilities ($1.05 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 | $2.56 Million |
| % of Total Assets | 70.86% |
| Annual Growth Rate | 500.98% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 916.3 |
First Seismic Corp - Net Assets Trend (1996–1999)
This chart illustrates how First Seismic 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 First Seismic Corp (1996–1999)
The table below shows the annual net assets of First Seismic Corp from 1996 to 1999.
| Year | Net Assets | Change |
|---|---|---|
| 1999-12-31 | $2.56 Million | +226.83% |
| 1998-12-31 | $783.77K | +193.59% |
| 1997-12-31 | $266.96K | +2153.75% |
| 1996-12-31 | $11.85K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Seismic 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 77731000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 1999)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $92.39K | 3.89% |
| Other Components | $12.41 Million | 522.07% |
| Total Equity | $2.38 Million | 100.00% |
First Seismic Corp Competitors by Market Cap
The table below lists competitors of First Seismic Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Verde Bio Holdings Inc
PINK:APHD
|
$143.77 |
|
Lig Assets Inc.
PINK:LIGA
|
$144.72 |
|
Gadwa For Industrial Development
EGX:GDWA
|
$144.83 |
|
Unitronix Corporation
PINK:UTRX
|
$144.92 |
|
Egyptians For Investment & Urban Development
EGX:EIUD
|
$143.17 |
|
TBRDF
PINK:TBRDF
|
$142.64 |
|
Dark Star Minerals Inc.
F:P0W
|
$142.62 |
|
Tld3 Entertainment Group Inc
PINK:TLDE
|
$142.56 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Seismic Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 1998 to 1999, total equity changed from 733,767 to 2,376,568, a change of 1,642,801 (223.9%).
- Net loss of 1,344,161 reduced equity.
- Share repurchases of 191,000 reduced equity.
- Other factors increased equity by 3,177,962.
Equity Change Factors (1998 to 1999)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.34 Million | -56.56% |
| Share Repurchases | $191.00K | -8.04% |
| Other Changes | $3.18 Million | +133.72% |
| Total Change | $- | 223.89% |
Book Value vs Market Value Analysis
This analysis compares First Seismic 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.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently First Seismic 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): -56.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -84.23%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.52x
- Recent ROE (-56.56%) is below the historical average (835.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 3272.44% | 17.37% | 0.71x | 265.56x | $386.44K |
| 1997 | 78.22% | 8.63% | 0.78x | 11.68x | $182.12K |
| 1998 | 48.79% | 11.43% | 0.88x | 4.86x | $284.66K |
| 1999 | -56.56% | -84.23% | 0.44x | 1.52x | $-1.58 Million |
Industry Comparison
This section compares First Seismic Corp's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Seismic Corp (FSEI) | $2.56 Million | 3272.44% | 0.41x | $143.72 |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |