G2 Technologies Corp
G2 Energy Corp., a junior oil and gas producer, focuses on acquisition and development of opportunities in the oil and gas sector. It holds a 100% interest in the Masten unit, a 2,600-acre project located in the Levelland Field in Cochran County, Texas. The company was formerly known as G2 Technologies Corp. and changed its name to G2 Energy Corp. in June 2022. G2 Energy Corp. is headquartered in… Read more
G2 Technologies Corp (GTGEF) - Net Assets
Latest net assets as of March 2024: $-530.15K USD
Based on the latest financial reports, G2 Technologies Corp (GTGEF) has net assets worth $-530.15K USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.36 Million) and total liabilities ($7.89 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 | $-530.15K |
| % of Total Assets | -7.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1821.57 |
G2 Technologies Corp - Net Assets Trend (2015–2023)
This chart illustrates how G2 Technologies 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 G2 Technologies Corp (2015–2023)
The table below shows the annual net assets of G2 Technologies Corp from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | $617.33K | -49.25% |
| 2022-06-30 | $1.22 Million | +2960.36% |
| 2021-06-30 | $39.74K | +103.59% |
| 2020-06-30 | $-1.11 Million | -187.69% |
| 2019-06-30 | $-384.76K | -146.06% |
| 2018-06-30 | $835.44K | +182.84% |
| 2017-06-30 | $-1.01 Million | -2140.66% |
| 2016-06-30 | $49.42K | +109.86% |
| 2015-06-30 | $-501.35K | -- |
Equity Component Analysis
This analysis shows how different components contribute to G2 Technologies 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 1918611000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $16.94 Million | 2744.16% |
| Other Comprehensive Income | $3.00 Million | 486.69% |
| Other Components | $516.65K | 83.69% |
| Total Equity | $617.33K | 100.00% |
G2 Technologies Corp Competitors by Market Cap
The table below lists competitors of G2 Technologies Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MEDCAW INVESTMENTS LS-01
F:U09
|
$285.10K |
|
EVP Capital Inc.
V:EVP-P
|
$285.20K |
|
DATA MODUL
BE:DAM
|
$285.22K |
|
Network Plus Corp
PINK:NPLS
|
$285.27K |
|
KOBAYASHI PHARM
MU:KOY
|
$284.90K |
|
STMICROELECTRONICS - Dusseldorf Stock Exchang
DU:SGM
|
$284.84K |
|
Shellron Capital Ltd.
V:SHLL-P
|
$284.80K |
|
Equinor ASA Navne-Aks.
STU:DNQA
|
$284.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G2 Technologies Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,216,340 to 617,328, a change of -599,012 (-49.2%).
- Net loss of 2,567,681 reduced equity.
- New share issuances of 1,930,916 increased equity.
- Other comprehensive income decreased equity by 247,644.
- Other factors increased equity by 285,397.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.57 Million | -415.93% |
| Share Issuances | $1.93 Million | +312.79% |
| Other Comprehensive Income | $-247.64K | -40.12% |
| Other Changes | $285.40K | +46.23% |
| Total Change | $- | -49.25% |
Book Value vs Market Value Analysis
This analysis compares G2 Technologies 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: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-06-30 | $-3.00 | $0.07 | x |
| 2016-06-30 | $0.07 | $0.07 | x |
| 2017-06-30 | $-1.57 | $0.07 | x |
| 2018-06-30 | $0.91 | $0.07 | x |
| 2019-06-30 | $-0.42 | $0.07 | x |
| 2020-06-30 | $-1.11 | $0.07 | x |
| 2021-06-30 | $0.00 | $0.07 | x |
| 2022-06-30 | $0.17 | $0.07 | x |
| 2023-06-30 | $0.05 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G2 Technologies 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): -415.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -179.38%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 12.47x
- Recent ROE (-415.93%) is above the historical average (-1839.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.00% | -811.28% | 0.13x | 0.00x | $-612.70K |
| 2016 | -12777.19% | -3141.19% | 1.08x | 3.78x | $-6.32 Million |
| 2017 | 0.00% | -185.09% | 0.93x | 0.00x | $-741.06K |
| 2018 | -911.10% | -844.03% | 0.41x | 2.60x | $-7.65 Million |
| 2019 | 0.00% | -132.83% | 0.72x | 0.00x | $-1.86 Million |
| 2020 | 0.00% | -130.02% | 8.40x | 0.00x | $-630.42K |
| 2021 | -2187.32% | 0.00% | -0.89x | 6.50x | $-873.32K |
| 2022 | -262.79% | -1396.18% | 0.03x | 6.40x | $-3.32 Million |
| 2023 | -415.93% | -179.38% | 0.19x | 12.47x | $-2.63 Million |
Industry Comparison
This section compares G2 Technologies 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 |
|---|---|---|---|---|
| G2 Technologies Corp (GTGEF) | $-530.15K | 0.00% | N/A | $284.98K |
| 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 |