GulfSlope Energy Inc
GulfSlope Energy, Inc. operates as an independent oil and natural gas exploration company in the United States. It has leased one federal outer continental shelf block and has licensed 2.2 million acres of three-dimensional seismic data in its area of concentration. The company was formerly known as Plan A Promotions, Inc. and changed its name to GulfSlope Energy, Inc. in April 2012. GulfSlope En… Read more
GulfSlope Energy Inc (GSPE) - Net Assets
Latest net assets as of June 2023: $-9.35 Million USD
Based on the latest financial reports, GulfSlope Energy Inc (GSPE) has net assets worth $-9.35 Million USD as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.37 Million) and total liabilities ($14.71 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 | $-9.35 Million |
| % of Total Assets | -174.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5683.29 |
GulfSlope Energy Inc - Net Assets Trend (2005–2022)
This chart illustrates how GulfSlope Energy Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GulfSlope Energy Inc (2005–2022)
The table below shows the annual net assets of GulfSlope Energy Inc from 2005 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-09-30 | $-8.52 Million | -14339.43% |
| 2021-09-30 | $59.83K | -97.15% |
| 2020-09-30 | $2.10 Million | +739.20% |
| 2019-09-30 | $-328.91K | +92.50% |
| 2018-09-30 | $-4.39 Million | +61.24% |
| 2017-09-30 | $-11.32 Million | -69.07% |
| 2016-09-30 | $-6.69 Million | -123.83% |
| 2015-09-30 | $-2.99 Million | -181.50% |
| 2014-09-30 | $-1.06 Million | +88.74% |
| 2013-09-30 | $-9.43 Million | -1468.11% |
| 2012-09-30 | $689.47K | +708.83% |
| 2011-09-30 | $85.24K | +265.88% |
| 2009-09-30 | $-51.39K | -28.15% |
| 2008-09-30 | $-40.10K | -117.63% |
| 2007-09-30 | $-18.43K | -10802.37% |
| 2006-09-30 | $-169.00 | -100.79% |
| 2005-09-30 | $21.51K | -- |
Equity Component Analysis
This analysis shows how different components contribute to GulfSlope Energy Inc'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 6889002100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.27 Million | % |
| Other Components | $59.12 Million | % |
| Total Equity | $-8.52 Million | 100.00% |
GulfSlope Energy Inc Competitors by Market Cap
The table below lists competitors of GulfSlope Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Franklin Universal Closed Fund
NYSE:FT
|
$79.31K |
|
CRITICAL METALS DL-,0001
F:9O2
|
$79.32K |
|
Pacific Alliance Bank
PINK:PFBN
|
$79.36K |
|
Manulife Canadian Equity Class
TO:MCAN
|
$79.39K |
|
ISMWF
OTCGREY:ISMWF
|
$79.30K |
|
Reach Messaging Hldg
PINK:RCMH
|
$79.25K |
|
DAIWA SEC GRP
MU:DSE
|
$79.19K |
|
DELCATH SYS NEW DL-01
F:DV3R
|
$79.18K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GulfSlope Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 59,834 to -8,520,018, a change of -8,579,852 (-14339.4%).
- Net loss of 8,696,754 reduced equity.
- Other factors increased equity by 116,902.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.70 Million | -102.07% |
| Other Changes | $116.90K | +1.37% |
| Total Change | $- | -14339.43% |
Book Value vs Market Value Analysis
This analysis compares GulfSlope Energy Inc'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-09-30 | $0.02 | $0.00 | x |
| 2006-09-30 | $0.00 | $0.00 | x |
| 2007-09-30 | $-0.02 | $0.00 | x |
| 2008-09-30 | $-0.03 | $0.00 | x |
| 2009-09-30 | $-0.04 | $0.00 | x |
| 2010-09-30 | $-0.05 | $0.00 | x |
| 2011-09-30 | $0.02 | $0.00 | x |
| 2012-09-30 | $0.01 | $0.00 | x |
| 2013-09-30 | $-0.02 | $0.00 | x |
| 2014-09-30 | $0.00 | $0.00 | x |
| 2015-09-30 | $0.00 | $0.00 | x |
| 2016-09-30 | $-0.01 | $0.00 | x |
| 2017-09-30 | $-0.02 | $0.00 | x |
| 2018-09-30 | $-0.01 | $0.00 | x |
| 2019-09-30 | $0.00 | $0.00 | x |
| 2020-09-30 | $0.00 | $0.00 | x |
| 2021-09-30 | $0.00 | $0.00 | x |
| 2022-09-30 | $-0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GulfSlope Energy Inc 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.00%
- • Asset Turnover: 1259940.42x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-232.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -52.64% | -152.37% | 0.29x | 1.20x | $-13.48K |
| 2006 | 0.00% | -575.12% | 0.30x | 0.00x | $-21.67K |
| 2007 | 0.00% | -7937.39% | 0.02x | 0.00x | $-16.41K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-17.66K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-6.15K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.27K |
| 2011 | -71.36% | 0.00% | 0.00x | 1.03x | $-69.35K |
| 2012 | -222.97% | 0.00% | 0.00x | 1.09x | $-1.61 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-16.51 Million |
| 2014 | 0.00% | 0.00% | 330119.41x | 0.00x | $-5.40 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.39 Million |
| 2016 | 0.00% | 0.00% | 612947.20x | 0.00x | $-4.51 Million |
| 2017 | 0.00% | 0.00% | 1710832.14x | 0.00x | $-4.56 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.20 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-15.52 Million |
| 2020 | -114.92% | 0.00% | 0.00x | 7.65x | $-2.63 Million |
| 2021 | -3720.83% | 0.00% | 0.00x | 228.94x | $-2.23 Million |
| 2022 | 0.00% | 0.00% | 1259940.42x | 0.00x | $-7.84 Million |
Industry Comparison
This section compares GulfSlope Energy Inc'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 |
|---|---|---|---|---|
| GulfSlope Energy Inc (GSPE) | $-9.35 Million | -52.64% | N/A | $79.31K |
| 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 |