LGX Oil + Gas Inc
LGX Oil + Gas Inc., a junior oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves primarily in Western Canada. The company produces light crude oil, natural gas liquids, and natural gas. Its principal properties comprise the Manyberries property, Alberta Bakken properties, and Armada property located in southern Alberta.… Read more
LGX Oil + Gas Inc (ROAOF) - Net Assets
Latest net assets as of March 2016: $6.25 Million USD
Based on the latest financial reports, LGX Oil + Gas Inc (ROAOF) has net assets worth $6.25 Million USD as of March 2016.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($74.94 Million) and total liabilities ($68.69 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 | $6.25 Million |
| % of Total Assets | 8.33% |
| Annual Growth Rate | -20.34% |
| 5-Year Change | -82.94% |
| 10-Year Change | N/A |
| Growth Volatility | 93.04 |
LGX Oil + Gas Inc - Net Assets Trend (2009–2015)
This chart illustrates how LGX Oil + Gas 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 LGX Oil + Gas Inc (2009–2015)
The table below shows the annual net assets of LGX Oil + Gas Inc from 2009 to 2015.
| Year | Net Assets | Change |
|---|---|---|
| 2015-12-31 | $6.16 Million | -86.00% |
| 2014-12-31 | $43.97 Million | -48.93% |
| 2013-12-31 | $86.09 Million | -18.43% |
| 2012-12-31 | $105.54 Million | +192.41% |
| 2011-12-31 | $36.09 Million | -16.30% |
| 2010-12-31 | $43.12 Million | +79.06% |
| 2009-12-31 | $24.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LGX Oil + Gas 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 6887355482.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2015)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $58.23 Million | 945.82% |
| Other Comprehensive Income | $62.64 Million | 1017.41% |
| Total Equity | $6.16 Million | 100.00% |
LGX Oil + Gas Inc Competitors by Market Cap
The table below lists competitors of LGX Oil + Gas Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Mulans Nano Technology Corp. Ltd
PINK:CMNT
|
$0.92 |
|
Active Health Foods
PINK:AHFD
|
$0.92 |
|
VIP ComLink Inc
PINK:VIPK
|
$0.92 |
|
FlexPower Inc
PINK:FLXP
|
$0.92 |
|
Warrior Girl Corp
PINK:WRGL
|
$0.92 |
|
Sutimco International Inc
PINK:SUTI
|
$0.92 |
|
Alaska Pacific Energy Corp
PINK:ASKE
|
$0.92 |
|
AVP Inc
PINK:AVPI
|
$0.92 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LGX Oil + Gas Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2014 to 2015, total equity changed from 43,967,516 to 6,156,437, a change of -37,811,079 (-86.0%).
- Net loss of 25,667,701 reduced equity.
- Other comprehensive income increased equity by 62,636,419.
- Other factors decreased equity by 74,779,797.
Equity Change Factors (2014 to 2015)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-25.67 Million | -416.92% |
| Other Comprehensive Income | $62.64 Million | +1017.41% |
| Other Changes | $-74.78 Million | -1214.66% |
| Total Change | $- | -86.00% |
Book Value vs Market Value Analysis
This analysis compares LGX Oil + Gas 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
- Current price-to-book ratio: 0.00x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.07 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LGX Oil + Gas 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): -416.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -342.18%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 8.58x
- Recent ROE (-416.92%) is below the historical average (-76.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 0.00% | 0.01x | 1.64x | $-2.41 Million |
| 2010 | 0.00% | 0.00% | 0.12x | 1.18x | $-4.31 Million |
| 2011 | 0.00% | 0.00% | 0.13x | 1.23x | $-3.61 Million |
| 2012 | 3.24% | 84.50% | 0.03x | 1.41x | $-7.13 Million |
| 2013 | -23.61% | -116.90% | 0.13x | 1.57x | $-28.94 Million |
| 2014 | -97.62% | -213.58% | 0.18x | 2.51x | $-47.32 Million |
| 2015 | -416.92% | -342.18% | 0.14x | 8.58x | $-26.28 Million |
Industry Comparison
This section compares LGX Oil + Gas 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 |
|---|---|---|---|---|
| LGX Oil + Gas Inc (ROAOF) | $6.25 Million | 0.00% | 11.00x | $0.92 |
| 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 |