Advantage Oil & Gas Ltd. (AAV) - Net Assets
Based on the latest financial reports, Advantage Oil & Gas Ltd. (AAV) has net assets worth CA$1.68 Billion CAD (≈ $1.21 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.03 Billion ≈ $2.19 Billion USD) and total liabilities (CA$1.35 Billion ≈ $976.33 Million USD). 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. Check Advantage Oil & Gas Ltd. (AAV) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.68 Billion |
| % of Total Assets | 55.42% |
| Annual Growth Rate | 0.64% |
| 5-Year Change | 57.11% |
| 10-Year Change | 45.65% |
| Growth Volatility | 39.06 |
Advantage Oil & Gas Ltd. - Net Assets Trend (1985–2024)
This chart illustrates how Advantage Oil & Gas Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore AAV current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Advantage Oil & Gas Ltd. (1985–2024)
The table below shows the annual net assets of Advantage Oil & Gas Ltd. from 1985 to 2024. For live valuation and market cap data, see Advantage Oil & Gas Ltd. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$1.63 Billion ≈ $1.18 Billion |
+5.00% |
| 2023-12-31 | CA$1.56 Billion ≈ $1.13 Billion |
-0.53% |
| 2022-12-31 | CA$1.56 Billion ≈ $1.13 Billion |
+7.16% |
| 2021-12-31 | CA$1.46 Billion ≈ $1.06 Billion |
+40.37% |
| 2020-12-31 | CA$1.04 Billion ≈ $752.44 Million |
-20.97% |
| 2019-12-31 | CA$1.32 Billion ≈ $952.04 Million |
-1.21% |
| 2018-12-31 | CA$1.33 Billion ≈ $963.69 Million |
+1.56% |
| 2017-12-31 | CA$1.31 Billion ≈ $948.85 Million |
+8.56% |
| 2016-12-31 | CA$1.21 Billion ≈ $874.05 Million |
+7.69% |
| 2015-12-31 | CA$1.12 Billion ≈ $811.60 Million |
+2.52% |
| 2014-12-31 | CA$1.09 Billion ≈ $791.62 Million |
-9.14% |
| 2013-12-31 | CA$1.20 Billion ≈ $871.25 Million |
-0.36% |
| 2012-12-31 | CA$1.21 Billion ≈ $874.36 Million |
-2.44% |
| 2011-12-31 | CA$1.24 Billion ≈ $896.22 Million |
+2.54% |
| 2010-12-31 | CA$1.21 Billion ≈ $873.98 Million |
-2.23% |
| 2009-12-31 | CA$1.24 Billion ≈ $893.96 Million |
+2.26% |
| 2008-12-31 | CA$1.21 Billion ≈ $874.22 Million |
-12.35% |
| 2007-12-31 | CA$1.38 Billion ≈ $997.45 Million |
+18.40% |
| 2006-12-31 | CA$1.16 Billion ≈ $842.42 Million |
+176.31% |
| 2005-12-31 | CA$421.46 Million ≈ $304.88 Million |
-21.92% |
| 2004-12-31 | CA$539.81 Million ≈ $390.49 Million |
+67.57% |
| 2003-12-31 | CA$322.14 Million ≈ $233.03 Million |
+75.03% |
| 2002-12-31 | CA$184.05 Million ≈ $133.14 Million |
+36.78% |
| 2001-12-31 | CA$134.56 Million ≈ $97.34 Million |
+28.38% |
| 1997-12-31 | CA$104.81 Million ≈ $75.82 Million |
-8.37% |
| 1996-12-31 | CA$114.38 Million ≈ $82.74 Million |
-79.01% |
| 1995-12-31 | CA$544.85 Million ≈ $394.13 Million |
-22.22% |
| 1994-12-31 | CA$700.53 Million ≈ $506.76 Million |
+1.56% |
| 1993-12-31 | CA$689.77 Million ≈ $498.97 Million |
+6.33% |
| 1992-12-31 | CA$648.72 Million ≈ $469.27 Million |
-10.93% |
| 1991-12-31 | CA$728.31 Million ≈ $526.85 Million |
+28.64% |
| 1990-12-31 | CA$566.18 Million ≈ $409.56 Million |
-36.97% |
| 1989-12-31 | CA$898.29 Million ≈ $649.81 Million |
+9.85% |
| 1988-12-31 | CA$817.74 Million ≈ $591.54 Million |
-6.24% |
| 1987-12-31 | CA$872.19 Million ≈ $630.93 Million |
-10.46% |
| 1986-12-31 | CA$974.06 Million ≈ $704.62 Million |
-23.58% |
| 1985-12-31 | CA$1.27 Billion ≈ $921.98 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Advantage Oil & Gas 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 decreased by 167.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.99 Billion | 121.62% |
| Other Comprehensive Income | CA$12.86 Million | 0.79% |
| Other Components | CA$194.82 Million | 11.91% |
| Total Equity | CA$1.64 Billion | 100.00% |
Advantage Oil & Gas Ltd. Competitors by Market Cap
The table below lists competitors of Advantage Oil & Gas Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanza AB
ST:HANZA
|
$1.20 Billion |
|
Anhui Xinlong Electrical Co Ltd
SHE:002298
|
$1.20 Billion |
|
Anhui Huaren Health Pharmaceutical Co. Ltd. Cl A
SHE:301408
|
$1.20 Billion |
|
Zhongnongfa Seed Industry Group Co Ltd
SHG:600313
|
$1.20 Billion |
|
MONGOLIAN MINING CRP.REGS
F:29X2
|
$1.20 Billion |
|
MBB INDUSTRIES
XETRA:MBB
|
$1.20 Billion |
|
Tianjin Silvery Dragon
SHG:603969
|
$1.20 Billion |
|
TripAdvisor Inc
NASDAQ:TRIP
|
$1.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advantage Oil & Gas Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,556,295,000 to 1,635,656,000, a change of 79,361,000 (5.1%).
- Net income of 21,719,000 contributed positively to equity growth.
- Share repurchases of 21,739,000 reduced equity.
- New share issuances of 62,105,000 increased equity.
- Other comprehensive income increased equity by 12,858,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$21.72 Million | +1.33% |
| Share Repurchases | CA$21.74 Million | -1.33% |
| Share Issuances | CA$62.10 Million | +3.8% |
| Other Comprehensive Income | CA$12.86 Million | +0.79% |
| Other Changes | CA$4.42 Million | +0.27% |
| Total Change | CA$- | 5.10% |
Book Value vs Market Value Analysis
This analysis compares Advantage Oil & Gas 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
- Current price-to-book ratio: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.13x to 1.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | CA$78.92 | CA$9.94 | x |
| 1986-12-31 | CA$60.05 | CA$9.94 | x |
| 1987-12-31 | CA$40.43 | CA$9.94 | x |
| 1988-12-31 | CA$30.37 | CA$9.94 | x |
| 1989-12-31 | CA$41.65 | CA$9.94 | x |
| 1990-12-31 | CA$30.66 | CA$9.94 | x |
| 1991-12-31 | CA$24.70 | CA$9.94 | x |
| 1992-12-31 | CA$25.81 | CA$9.94 | x |
| 1993-12-31 | CA$27.86 | CA$9.94 | x |
| 1994-12-31 | CA$45.41 | CA$9.94 | x |
| 1995-12-31 | CA$32.17 | CA$9.94 | x |
| 1996-12-31 | CA$7.02 | CA$9.94 | x |
| 1997-12-31 | CA$7.53 | CA$9.94 | x |
| 2001-12-31 | CA$8.68 | CA$9.94 | x |
| 2002-12-31 | CA$6.24 | CA$9.94 | x |
| 2003-12-31 | CA$9.22 | CA$9.94 | x |
| 2004-12-31 | CA$13.02 | CA$9.94 | x |
| 2005-12-31 | CA$7.35 | CA$9.94 | x |
| 2006-12-31 | CA$14.34 | CA$9.94 | x |
| 2007-12-31 | CA$11.53 | CA$9.94 | x |
| 2008-12-31 | CA$8.66 | CA$9.94 | x |
| 2009-12-31 | CA$8.07 | CA$9.94 | x |
| 2010-12-31 | CA$7.34 | CA$9.94 | x |
| 2011-12-31 | CA$6.84 | CA$9.94 | x |
| 2012-12-31 | CA$6.39 | CA$9.94 | x |
| 2013-12-31 | CA$6.33 | CA$9.94 | x |
| 2014-12-31 | CA$6.41 | CA$9.94 | x |
| 2015-12-31 | CA$6.53 | CA$9.94 | x |
| 2016-12-31 | CA$6.64 | CA$9.94 | x |
| 2017-12-31 | CA$6.92 | CA$9.94 | x |
| 2018-12-31 | CA$6.98 | CA$9.94 | x |
| 2019-12-31 | CA$7.05 | CA$9.94 | x |
| 2020-12-31 | CA$5.54 | CA$9.94 | x |
| 2021-12-31 | CA$7.34 | CA$9.94 | x |
| 2022-12-31 | CA$7.87 | CA$9.94 | x |
| 2023-12-31 | CA$9.06 | CA$9.94 | x |
| 2024-12-31 | CA$9.80 | CA$9.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advantage Oil & Gas Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.95%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.80x
- Recent ROE (1.33%) is above the historical average (-11.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -1.67% | -0.64% | 1.17x | 2.21x | CA$-148.71 Million |
| 1986 | -4.28% | -0.70% | 2.16x | 2.81x | CA$-139.07 Million |
| 1987 | -3.49% | -0.74% | 1.75x | 2.72x | CA$-117.66 Million |
| 1988 | -3.90% | -0.87% | 1.69x | 2.67x | CA$-113.66 Million |
| 1989 | 3.05% | 0.85% | 1.75x | 2.05x | CA$-62.46 Million |
| 1990 | -18.18% | -3.09% | 2.72x | 2.16x | CA$-159.54 Million |
| 1991 | 6.68% | 0.87% | 3.02x | 2.54x | CA$-17.54 Million |
| 1992 | 0.15% | 0.01% | 3.11x | 3.80x | CA$-50.86 Million |
| 1993 | 7.57% | 0.55% | 3.55x | 3.92x | CA$-13.08 Million |
| 1994 | 8.68% | 0.80% | 2.91x | 3.71x | CA$-8.87 Million |
| 1995 | -16.32% | -1.16% | 3.48x | 4.05x | CA$-139.76 Million |
| 1996 | -367.98% | -2234.40% | 0.08x | 2.09x | CA$-396.32 Million |
| 1997 | -106.02% | -635.25% | 0.10x | 1.63x | CA$-120.61 Million |
| 2001 | 7.11% | 24.79% | 0.16x | 1.74x | CA$-3.89 Million |
| 2002 | 6.57% | 12.36% | 0.24x | 2.24x | CA$-6.31 Million |
| 2003 | 13.71% | 26.59% | 0.29x | 1.78x | CA$11.95 Million |
| 2004 | 6.38% | 14.27% | 0.23x | 1.91x | CA$-19.52 Million |
| 2005 | 17.91% | 19.93% | 0.37x | 2.42x | CA$33.16 Million |
| 2006 | 4.28% | 11.87% | 0.21x | 1.70x | CA$-66.64 Million |
| 2007 | -0.55% | -1.35% | 0.23x | 1.76x | CA$-145.42 Million |
| 2008 | -1.70% | -2.77% | 0.32x | 1.91x | CA$-141.43 Million |
| 2009 | -6.99% | -21.30% | 0.21x | 1.56x | CA$-210.01 Million |
| 2010 | -3.66% | -11.95% | 0.20x | 1.53x | CA$-165.03 Million |
| 2011 | -13.50% | -43.00% | 0.18x | 1.74x | CA$-265.95 Million |
| 2012 | -8.32% | -33.14% | 0.14x | 1.79x | CA$-196.20 Million |
| 2013 | -0.31% | -1.17% | 0.16x | 1.64x | CA$-110.85 Million |
| 2014 | 1.43% | 7.28% | 0.15x | 1.33x | CA$-93.73 Million |
| 2015 | 1.91% | 16.16% | 0.09x | 1.35x | CA$-90.82 Million |
| 2016 | -1.30% | -9.72% | 0.11x | 1.24x | CA$-136.56 Million |
| 2017 | 7.25% | 41.01% | 0.14x | 1.29x | CA$-36.13 Million |
| 2018 | 0.83% | 4.89% | 0.13x | 1.33x | CA$-122.10 Million |
| 2019 | -1.87% | -9.78% | 0.14x | 1.38x | CA$-156.26 Million |
| 2020 | -27.31% | -115.90% | 0.16x | 1.47x | CA$-388.06 Million |
| 2021 | 28.23% | 83.64% | 0.25x | 1.37x | CA$265.74 Million |
| 2022 | 21.66% | 35.12% | 0.43x | 1.42x | CA$182.34 Million |
| 2023 | 6.53% | 19.94% | 0.22x | 1.48x | CA$-54.03 Million |
| 2024 | 1.33% | 3.95% | 0.19x | 1.80x | CA$-141.85 Million |
Industry Comparison
This section compares Advantage Oil & Gas 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: $644,530,237
- Average return on equity (ROE) among peers: -10.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advantage Oil & Gas Ltd. (AAV) | CA$1.68 Billion | -1.67% | 0.80x | $1.20 Billion |
| Africa Energy Corp (AFE) | $12.12 Million | -39.14% | 0.44x | $62.39 Million |
| Alvopetro Energy (ALV) | $88.21 Million | 32.34% | 0.25x | $232.50 Million |
| Africa Oil Corp (AOI) | $520.15 Million | -4.38% | 0.08x | $820.85 Million |
| Altima Resources Ltd (ARH) | $-7.96 Million | 0.00% | 0.00x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $3.55 Billion | 10.72% | 0.78x | $12.73 Billion |
| Athabasca Oil Corp (ATH) | $1.58 Billion | -3.23% | 0.29x | $3.98 Billion |
| Altai Resources Inc. (ATI) | $7.42 Million | -0.47% | 0.03x | $1.01 Million |
| Avanti Energy Inc (AVN) | $425.22K | -75.44% | 0.06x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $45.16 Million | -13.24% | 0.61x | $84.78 Million |
About Advantage Oil & Gas Ltd.
Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. The company was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. Advantage Energy Ltd. was founded in 2001 and is headquartered in… Read more