Silver Spruce Resources Inc
Silver Spruce Resources Inc., an exploration stage company, engages in the exploration of precious and base minerals. The company primarily explores for silver, lead, zinc, copper, gold, and base and rare earth elements. The company was formerly known as First Labrador Acquisitions Inc. and changed its name to Silver Spruce Resources Inc. in October 2004. Silver Spruce Resources Inc. was incorpor… Read more
Silver Spruce Resources Inc (SSEBF) - Net Assets
Latest net assets as of July 2025: $-515.62K USD
Based on the latest financial reports, Silver Spruce Resources Inc (SSEBF) has net assets worth $-515.62K USD as of July 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($80.89K) and total liabilities ($596.50K). 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 | $-515.62K |
| % of Total Assets | -637.47% |
| Annual Growth Rate | N/A |
| 5-Year Change | -118.47% |
| 10-Year Change | N/A |
| Growth Volatility | 340.94 |
Silver Spruce Resources Inc - Net Assets Trend (1998–2024)
This chart illustrates how Silver Spruce Resources 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 Silver Spruce Resources Inc (1998–2024)
The table below shows the annual net assets of Silver Spruce Resources Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $-242.01K | -222.69% |
| 2023-10-31 | $197.26K | +545.23% |
| 2022-10-31 | $30.57K | -97.37% |
| 2021-10-31 | $1.16 Million | -11.38% |
| 2020-10-31 | $1.31 Million | +428.74% |
| 2019-10-31 | $-398.48K | -146.46% |
| 2018-10-31 | $-161.68K | -160.33% |
| 2017-10-31 | $268.01K | +227.72% |
| 2016-10-31 | $-209.85K | +91.16% |
| 2015-10-31 | $-2.37 Million | -620.29% |
| 2014-10-31 | $-329.73K | -156.49% |
| 2013-10-31 | $583.69K | -67.94% |
| 2012-10-31 | $1.82 Million | -64.27% |
| 2011-10-31 | $5.10 Million | +59.78% |
| 2010-10-31 | $3.19 Million | -52.90% |
| 2009-10-31 | $6.77 Million | -56.40% |
| 2008-10-31 | $15.53 Million | +39.73% |
| 2007-10-31 | $11.12 Million | +79.58% |
| 2006-10-31 | $6.19 Million | +1340.42% |
| 2005-10-31 | $429.73K | +226.69% |
| 2004-10-31 | $131.54K | -2.66% |
| 2003-10-31 | $135.14K | +331.11% |
| 2002-10-31 | $-58.48K | -288.39% |
| 2001-10-31 | $-15.06K | -113.75% |
| 2000-10-31 | $109.48K | -31.77% |
| 1999-10-31 | $160.45K | +38.92% |
| 1998-10-31 | $115.50K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Silver Spruce Resources 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 4600519900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $34.53 Million | % |
| Other Comprehensive Income | $10.88 Million | % |
| Other Components | $841.36K | % |
| Total Equity | $-242.01K | 100.00% |
Silver Spruce Resources Inc Competitors by Market Cap
The table below lists competitors of Silver Spruce Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
7610
TW:7610
|
$92.71K |
|
JP SM.CAP.FD DL-10
F:JSM
|
$92.73K |
|
Cambridge Acquisition Corp. Unit
NASDAQ:CAQUU
|
$92.75K |
|
Jesmond Capital Ltd
V:JES-P
|
$92.80K |
|
Business Development Corp Of America
PINK:BDVC
|
$92.61K |
|
Brpr Corporate Offices Fundo De Investimento Imobiliario
SA:BROF11
|
$92.56K |
|
Gabelli Healthcare & WellnessRx Trust
NYSE:GRX
|
$92.50K |
|
Cranstown Capital Corp
V:CRAN-P
|
$92.49K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Silver Spruce Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 197,259 to -242,011, a change of -439,270 (-222.7%).
- Net loss of 961,782 reduced equity.
- New share issuances of 358,505 increased equity.
- Other comprehensive income decreased equity by 673,615.
- Other factors increased equity by 837,622.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-961.78K | -397.41% |
| Share Issuances | $358.50K | +148.14% |
| Other Comprehensive Income | $-673.62K | -278.34% |
| Other Changes | $837.62K | +346.11% |
| Total Change | $- | -222.69% |
Book Value vs Market Value Analysis
This analysis compares Silver Spruce Resources 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 |
|---|---|---|---|
| 1998-10-31 | $12.69 | $0.00 | x |
| 1999-10-31 | $13.79 | $0.00 | x |
| 2000-10-31 | $9.22 | $0.00 | x |
| 2001-10-31 | $-1.24 | $0.00 | x |
| 2002-10-31 | $-4.69 | $0.00 | x |
| 2003-10-31 | $4.66 | $0.00 | x |
| 2004-10-31 | $4.20 | $0.00 | x |
| 2005-10-31 | $10.98 | $0.00 | x |
| 2006-10-31 | $48.63 | $0.00 | x |
| 2007-10-31 | $60.03 | $0.00 | x |
| 2008-10-31 | $49.08 | $0.00 | x |
| 2009-10-31 | $20.28 | $0.00 | x |
| 2010-10-31 | $7.03 | $0.00 | x |
| 2011-10-31 | $7.47 | $0.00 | x |
| 2012-10-31 | $2.52 | $0.00 | x |
| 2013-10-31 | $0.78 | $0.00 | x |
| 2014-10-31 | $-0.44 | $0.00 | x |
| 2015-10-31 | $-2.15 | $0.00 | x |
| 2016-10-31 | $-0.11 | $0.00 | x |
| 2017-10-31 | $0.08 | $0.00 | x |
| 2018-10-31 | $-0.04 | $0.00 | x |
| 2019-10-31 | $-0.07 | $0.00 | x |
| 2020-10-31 | $0.18 | $0.00 | x |
| 2021-10-31 | $0.11 | $0.00 | x |
| 2022-10-31 | $0.00 | $0.00 | x |
| 2023-10-31 | $0.01 | $0.00 | x |
| 2024-10-31 | $-0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Silver Spruce Resources 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: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-296.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -408.00% | -23562150.00% | 0.00x | 1.85x | $-482.79K |
| 1999 | -275.19% | -22077450.00% | 0.00x | 1.25x | $-457.59K |
| 2000 | -88.12% | -9647100.00% | 0.00x | 1.60x | $-107.42K |
| 2001 | 0.00% | -19171300.00% | 0.00x | 0.00x | $-190.21K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | $-37.57K |
| 2003 | -67.62% | 0.00% | 0.00x | 1.22x | $-104.90K |
| 2004 | -122.52% | 0.00% | 0.00x | 1.84x | $-174.31K |
| 2005 | -31.35% | 0.00% | 0.00x | 1.30x | $-177.70K |
| 2006 | -6.60% | -545.70% | 0.01x | 1.03x | $-1.03 Million |
| 2007 | -29.28% | -1258.46% | 0.02x | 1.08x | $-4.37 Million |
| 2008 | -36.60% | -1340.17% | 0.03x | 1.04x | $-7.24 Million |
| 2009 | -138.39% | -3343.48% | 0.04x | 1.05x | $-10.05 Million |
| 2010 | -159.13% | -10244.66% | 0.01x | 1.12x | $-5.39 Million |
| 2011 | -27.18% | -1260.93% | 0.02x | 1.03x | $-1.89 Million |
| 2012 | -194.97% | 0.00% | 0.00x | 1.16x | $-3.73 Million |
| 2013 | -188.75% | 0.00% | 0.00x | 1.64x | $-1.16 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-980.88K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.03 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $608.54K |
| 2017 | -370.30% | 0.00% | 0.00x | 4.62x | $-1.02 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-683.13K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-885.21K |
| 2020 | -59.73% | 0.00% | 0.00x | 1.09x | $-913.44K |
| 2021 | -205.60% | 0.00% | 0.00x | 1.27x | $-2.50 Million |
| 2022 | -5050.46% | 0.00% | 0.00x | 12.60x | $-1.55 Million |
| 2023 | -533.81% | 0.00% | 0.00x | 2.08x | $-1.07 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-937.58K |
Industry Comparison
This section compares Silver Spruce Resources Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Silver Spruce Resources Inc (SSEBF) | $-515.62K | -408.00% | N/A | $92.67K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |