Terrace Energy Corp.
Terrace Energy Corp. does not have significant operations. Previously it was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc. and changed its name to Terrace Energy Corp. in June 2011.Terrace Energy Corp. was incorporated in 2006 and is headquartered in The Woodlan… Read more
Terrace Energy Corp. (TCRRF) - Net Assets
Latest net assets as of October 2024: $341.17K USD
Based on the latest financial reports, Terrace Energy Corp. (TCRRF) has net assets worth $341.17K USD as of October 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($382.46K) and total liabilities ($41.30K). 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 | $341.17K |
| % of Total Assets | 89.2% |
| Annual Growth Rate | -0.74% |
| 5-Year Change | N/A |
| 10-Year Change | -98.02% |
| Growth Volatility | 100.43 |
Terrace Energy Corp. - Net Assets Trend (2007–2024)
This chart illustrates how Terrace Energy 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 Terrace Energy Corp. (2007–2024)
The table below shows the annual net assets of Terrace Energy Corp. from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-01-31 | $436.34K | -20.11% |
| 2023-01-31 | $546.14K | -22.99% |
| 2022-01-31 | $709.16K | +102.14% |
| 2021-01-31 | $-33.15 Million | -20.30% |
| 2020-01-31 | $-27.55 Million | -72.35% |
| 2019-01-31 | $-15.99 Million | -11.58% |
| 2018-01-31 | $-14.33 Million | -76.23% |
| 2017-01-31 | $-8.13 Million | +52.69% |
| 2016-01-31 | $-17.18 Million | -178.03% |
| 2015-01-31 | $22.02 Million | -7.58% |
| 2014-01-31 | $23.83 Million | +51.03% |
| 2013-01-31 | $15.78 Million | +190.82% |
| 2012-01-31 | $5.43 Million | +99.05% |
| 2011-01-31 | $2.73 Million | -2.20% |
| 2010-01-31 | $2.79 Million | +161.72% |
| 2009-01-31 | $1.06 Million | -7.39% |
| 2008-01-31 | $1.15 Million | +132.38% |
| 2007-01-31 | $494.77K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Terrace Energy 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 9061217200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $91.05 Million | 20867.61% |
| Total Equity | $436.34K | 100.00% |
Terrace Energy Corp. Competitors by Market Cap
The table below lists competitors of Terrace Energy Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WILLIAMS GP HD G-CT
BE:WGF1
|
$104.62K |
|
Invesco Pennsylvania Value Municipal Income Trust
NYSE:VPV
|
$104.66K |
|
Carlyle Secured Lending Inc
NASDAQ:CGBD
|
$104.69K |
|
FIFTH ST FINANCE
BE:FFC
|
$104.71K |
|
TECO 2030 ASA
PINK:TECFF
|
$104.50K |
|
CCCMU
NASDAQ:CCCMU
|
$104.41K |
|
Sizzle Acquisition Corp. II Unit
NASDAQ:SZZLU
|
$104.36K |
|
Oicintra Inc
PINK:OICT
|
$104.29K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Terrace Energy Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 546,145 to 436,340, a change of -109,805 (-20.1%).
- Net loss of 81,683 reduced equity.
- Other factors decreased equity by 28,122.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-81.68K | -18.72% |
| Other Changes | $-28.12K | -6.44% |
| Total Change | $- | -20.11% |
Book Value vs Market Value Analysis
This analysis compares Terrace Energy 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: 0.71x
- 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.
- The price-to-book ratio has increased from 0.00x to 0.71x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-01-31 | $28.14 | $0.04 | x |
| 2008-01-31 | $10.90 | $0.04 | x |
| 2009-01-31 | $10.09 | $0.04 | x |
| 2010-01-31 | $29.20 | $0.04 | x |
| 2011-01-31 | $8.83 | $0.04 | x |
| 2012-01-31 | $14.00 | $0.04 | x |
| 2013-01-31 | $26.15 | $0.04 | x |
| 2014-01-31 | $36.80 | $0.04 | x |
| 2015-01-31 | $26.93 | $0.04 | x |
| 2016-01-31 | $-19.56 | $0.04 | x |
| 2017-01-31 | $-9.23 | $0.04 | x |
| 2018-01-31 | $-16.19 | $0.04 | x |
| 2019-01-31 | $-17.72 | $0.04 | x |
| 2020-01-31 | $-29.27 | $0.04 | x |
| 2021-01-31 | $-34.63 | $0.04 | x |
| 2022-01-31 | $0.11 | $0.04 | x |
| 2023-01-31 | $0.07 | $0.04 | x |
| 2024-01-31 | $0.06 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Terrace Energy 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): -18.72%
- 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: 1.06x
- Recent ROE (-18.72%) is below the historical average (-13.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -1.06% | 0.00% | 0.00x | 1.04x | $-54.71K |
| 2008 | -3.17% | 0.00% | 0.00x | 1.01x | $-151.44K |
| 2009 | -9.95% | 0.00% | 0.00x | 1.05x | $-212.41K |
| 2010 | -1.22% | 0.00% | 0.00x | 1.00x | $-312.66K |
| 2011 | -2.25% | 0.00% | 0.00x | 1.01x | $-333.78K |
| 2012 | -22.29% | 0.00% | 0.00x | 1.03x | $-1.75 Million |
| 2013 | -0.77% | -3.56% | 0.21x | 1.04x | $-1.70 Million |
| 2014 | -30.79% | -114.98% | 0.11x | 2.52x | $-9.72 Million |
| 2015 | -141.70% | -364.50% | 0.09x | 4.26x | $-33.41 Million |
| 2016 | 0.00% | -524.73% | 0.13x | 0.00x | $-36.35 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | $5.33 Million |
| 2018 | 0.00% | -9970.42% | 0.01x | 0.00x | $-2.88 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.41 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.40 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.29 Million |
| 2022 | 16.66% | 0.00% | 0.00x | 1.63x | $47.25K |
| 2023 | -29.85% | 0.00% | 0.00x | 1.04x | $-217.63K |
| 2024 | -18.72% | 0.00% | 0.00x | 1.06x | $-125.32K |
Industry Comparison
This section compares Terrace Energy 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 |
|---|---|---|---|---|
| Terrace Energy Corp. (TCRRF) | $341.17K | -1.06% | 0.12x | $104.60K |
| 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 |