True North Energy Corp
True North Energy Corp. acquires, explores, develops, and produces oil and gas properties in the United States. The company also provides shoes through its stores located in Europe, Japan, and the United States, as well as through online. True North Energy Corp. was formerly known as Ameriprint International Ltd. and changed its name to True North Energy Corp. in January 2006. The company was inc… Read more
True North Energy Corp (TNEN) - Net Assets
Latest net assets as of July 2021: $-2.85 Million USD
Based on the latest financial reports, True North Energy Corp (TNEN) has net assets worth $-2.85 Million USD as of July 2021.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.53 Million) and total liabilities ($4.38 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 | $-2.85 Million |
| % of Total Assets | -185.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -881.12% |
| Growth Volatility | 1736.49 |
True North Energy Corp - Net Assets Trend (2005–2021)
This chart illustrates how True North 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 True North Energy Corp (2005–2021)
The table below shows the annual net assets of True North Energy Corp from 2005 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-04-30 | $-2.61 Million | -108.94% |
| 2020-04-30 | $-1.25 Million | +52.70% |
| 2019-04-30 | $-2.65 Million | +31.03% |
| 2018-04-30 | $-3.84 Million | -40.71% |
| 2017-04-30 | $-2.73 Million | +6.66% |
| 2016-04-30 | $-2.92 Million | -22.80% |
| 2015-04-30 | $-2.38 Million | -265.05% |
| 2008-04-30 | $1.44 Million | +81.92% |
| 2007-04-30 | $792.07K | +136.64% |
| 2006-04-30 | $334.72K | +3978.94% |
| 2005-04-30 | $8.21K | -- |
Equity Component Analysis
This analysis shows how different components contribute to True North 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 3144635900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $36.87K | % |
| Other Comprehensive Income | $-36.87K | % |
| Other Components | $28.29 Million | % |
| Total Equity | $-3.19 Million | 100.00% |
True North Energy Corp Competitors by Market Cap
The table below lists competitors of True North Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exceed Company Ltd
PINK:EDSFF
|
$0.91 |
|
JB & ZJMY Holding Company Inc
PINK:JBZY
|
$0.91 |
|
Microphonics Inc
PINK:MRPS
|
$0.91 |
|
Metatron Inc
PINK:MRNJ
|
$0.91 |
|
Rotate Black Inc
PINK:ROBK
|
$0.91 |
|
InfoSearch Media Inc
PINK:ISHM
|
$0.91 |
|
Omni Ventures Inc
PINK:OMVE
|
$0.91 |
|
IFAN Financial Inc
PINK:IFAN
|
$0.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in True North Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from -2,004,239 to -3,187,511, a change of -1,183,272.
- Net loss of 1,455,433 reduced equity.
- Other comprehensive income decreased equity by 2,400.
- Other factors increased equity by 274,561.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.46 Million | -45.66% |
| Other Comprehensive Income | $-2.40K | -0.08% |
| Other Changes | $274.56K | +8.61% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares True North 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-04-30 | $0.65 | $0.00 | x |
| 2006-04-30 | $15.69 | $0.00 | x |
| 2007-04-30 | $6.28 | $0.00 | x |
| 2008-04-30 | $10.62 | $0.00 | x |
| 2016-04-30 | $-0.60 | $0.00 | x |
| 2017-04-30 | $-0.01 | $0.00 | x |
| 2018-04-30 | $-0.33 | $0.00 | x |
| 2019-04-30 | $-0.04 | $0.00 | x |
| 2020-04-30 | $-0.01 | $0.00 | x |
| 2021-04-30 | $-0.01 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently True North 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26853.01%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-204.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -158.27% | 0.00% | 0.00x | 5.12x | $-13.81K |
| 2006 | -36.21% | 0.00% | 0.00x | 1.24x | $-154.68K |
| 2007 | -1144.12% | 0.00% | 0.00x | 1.95x | $-9.14 Million |
| 2008 | -907.31% | -1066.62% | 0.20x | 4.32x | $-13.22 Million |
| 2015 | 0.00% | -8296.49% | 0.72x | 0.00x | $-597.70K |
| 2016 | 0.00% | -222276.47% | 0.01x | 0.00x | $-312.52K |
| 2017 | 0.00% | 102621.85% | 0.01x | 0.00x | $427.57K |
| 2018 | 0.00% | -1184870.67% | 0.04x | 0.00x | $-1.39 Million |
| 2019 | 0.00% | -1326.63% | 1.19x | 0.00x | $-234.94K |
| 2020 | 0.00% | -6.54% | 0.89x | 0.00x | $-37.09K |
| 2021 | 0.00% | -26853.01% | 0.00x | 0.00x | $-1.14 Million |
Industry Comparison
This section compares True North 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 |
|---|---|---|---|---|
| True North Energy Corp (TNEN) | $-2.85 Million | -158.27% | N/A | $0.91 |
| 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 |