Serrano Resources Ltd
Serrano Resources Ltd. does not have significant operation. Previously, it was engaged in the exploration and evaluation of oil and gas properties. It intends to acquire potential business. The company was formerly known as Mira Resources Corp. and changed its name to Serrano Resources Ltd. in June 2015. Serrano Resources Ltd. is based in Vancouver, Canada.
Serrano Resources Ltd (MIRXF) - Net Assets
Latest net assets as of September 2025: $-488.06K USD
Based on the latest financial reports, Serrano Resources Ltd (MIRXF) has net assets worth $-488.06K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.97K) and total liabilities ($490.03K). 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 | $-488.06K |
| % of Total Assets | -24787.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Serrano Resources Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Serrano Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Serrano Resources Ltd (2013–2024)
The table below shows the annual net assets of Serrano Resources Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-454.18K | -10.39% |
| 2023-12-31 | $-411.42K | -53.43% |
| 2022-12-31 | $-268.15K | -7.87% |
| 2021-12-31 | $-248.58K | -19.55% |
| 2020-12-31 | $-207.93K | -21.23% |
| 2019-12-31 | $-171.52K | +72.64% |
| 2018-12-31 | $-626.84K | +91.19% |
| 2017-12-31 | $-7.12 Million | +43.03% |
| 2016-12-31 | $-12.50 Million | +2.77% |
| 2015-12-31 | $-12.85 Million | -15.84% |
| 2014-12-31 | $-11.10 Million | -7.32% |
| 2013-12-31 | $-10.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Serrano Resources Ltd'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 493949000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $44.97 Million | % |
| Other Comprehensive Income | $252.04K | % |
| Total Equity | $-454.18K | 100.00% |
Serrano Resources Ltd Competitors by Market Cap
The table below lists competitors of Serrano Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winchester Energy Ltd
AU:WEL
|
$1.39 Million |
|
Khind Holdings Bhd
KLSE:7062
|
$1.39 Million |
|
INCREDIBLE INDUSTRIES LIMITED
NSE:INCREDIBLE
|
$1.39 Million |
|
LEGRAND - Dusseldorf Stock Exchang
DU:LRC
|
$1.39 Million |
|
Inhalerx Ltd
AU:IRX
|
$1.38 Million |
|
Norstar
TA:NSTR
|
$1.38 Million |
|
MoneyHero Limited Warrants
NASDAQ:MNYWW
|
$1.38 Million |
|
Argent Minerals Limited
PINK:ARDNF
|
$1.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Serrano Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -310,417 to -454,182, a change of -143,765.
- Net loss of 42,761 reduced equity.
- Other comprehensive income increased equity by 61,877.
- Other factors decreased equity by 162,881.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-42.76K | -9.41% |
| Other Comprehensive Income | $61.88K | +13.62% |
| Other Changes | $-162.88K | -35.86% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Serrano Resources Ltd'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 |
|---|---|---|---|
| 2013-12-31 | $-3.29 | $0.05 | x |
| 2014-12-31 | $-3.53 | $0.05 | x |
| 2015-12-31 | $-4.09 | $0.05 | x |
| 2016-12-31 | $-3.98 | $0.05 | x |
| 2017-12-31 | $-1.31 | $0.05 | x |
| 2018-12-31 | $-0.01 | $0.05 | x |
| 2019-12-31 | $0.00 | $0.05 | x |
| 2020-12-31 | $0.00 | $0.05 | x |
| 2021-12-31 | $0.00 | $0.05 | x |
| 2022-12-31 | $0.00 | $0.05 | x |
| 2023-12-31 | $0.00 | $0.05 | x |
| 2024-12-31 | $-0.01 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Serrano Resources Ltd 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: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-35.99 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $867.61K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $752.75K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $1.39 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.03 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $5.86 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $421.58K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-21.70K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-24.66K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-22.26K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.11K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $2.66K |
Industry Comparison
This section compares Serrano Resources Ltd'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: $725,430,102
- Average return on equity (ROE) among peers: -4.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Serrano Resources Ltd (MIRXF) | $-488.06K | 0.00% | N/A | $1.39 Million |
| Advantage Energy Ltd. (AAVVF) | $1.46 Billion | 28.18% | 0.37x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $6.43 Million | -102.77% | 0.09x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.67 Billion | 10.60% | 0.70x | $10.30 Billion |
| Aminex PLC (AEXFF) | $53.12 Million | -6.15% | 0.15x | $77.17 Million |
| Aker BP ASA (AKRBF) | $1.99 Billion | 2.25% | 5.25x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-11.63 Million | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $1.91 Million | -8.89% | 0.28x | $428.76K |
| Altex Industries Inc (ALTX) | $1.30 Million | -5.62% | 0.84x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $80.73 Million | -15.39% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $6.15 Million | 55.97% | 0.13x | $4.80 Million |