Athabasca Oil Corp (ATH) - Net Assets
Based on the latest financial reports, Athabasca Oil Corp (ATH) has net assets worth CA$1.96 Billion CAD (≈ $1.42 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.67 Billion ≈ $1.93 Billion USD) and total liabilities (CA$708.73 Million ≈ $512.69 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. Also explore how large is Athabasca Oil Corp's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.96 Billion |
| % of Total Assets | 73.48% |
| Annual Growth Rate | 10.22% |
| 5-Year Change | 84.54% |
| 10-Year Change | 21.59% |
| Growth Volatility | 256.57 |
Athabasca Oil Corp - Net Assets Trend (2008–2025)
This chart illustrates how Athabasca Oil Corp's net assets have evolved over time, based on quarterly financial data. Check ATH tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Athabasca Oil Corp (2008–2025)
The table below shows the annual net assets of Athabasca Oil Corp from 2008 to 2025. For live valuation and market cap data, see market cap of Athabasca Oil Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$1.89 Billion ≈ $1.37 Billion |
+1.59% |
| 2024-12-31 | CA$1.86 Billion ≈ $1.35 Billion |
+17.70% |
| 2023-12-31 | CA$1.58 Billion ≈ $1.15 Billion |
-7.43% |
| 2022-12-31 | CA$1.71 Billion ≈ $1.24 Billion |
+66.72% |
| 2021-12-31 | CA$1.03 Billion ≈ $742.16 Million |
+80.94% |
| 2020-12-31 | CA$567.02 Million ≈ $410.18 Million |
-53.52% |
| 2019-12-31 | CA$1.22 Billion ≈ $882.57 Million |
+26.31% |
| 2018-12-31 | CA$965.95 Million ≈ $698.75 Million |
-36.64% |
| 2017-12-31 | CA$1.52 Billion ≈ $1.10 Billion |
-2.09% |
| 2016-12-31 | CA$1.56 Billion ≈ $1.13 Billion |
-37.27% |
| 2015-12-31 | CA$2.48 Billion ≈ $1.80 Billion |
-21.56% |
| 2014-12-31 | CA$3.16 Billion ≈ $2.29 Billion |
-6.22% |
| 2013-12-31 | CA$3.37 Billion ≈ $2.44 Billion |
-2.48% |
| 2012-12-31 | CA$3.46 Billion ≈ $2.50 Billion |
+9.70% |
| 2011-12-31 | CA$3.15 Billion ≈ $2.28 Billion |
+55.20% |
| 2010-12-31 | CA$2.03 Billion ≈ $1.47 Billion |
+1081.09% |
| 2009-12-31 | CA$172.05 Million ≈ $124.46 Million |
-52.51% |
| 2008-12-31 | CA$362.27 Million ≈ $262.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Athabasca Oil 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 5412400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$1.74 Billion | 98.25% |
| Other Components | CA$139.82 Million | 7.88% |
| Total Equity | CA$1.77 Billion | 100.00% |
Athabasca Oil Corp Competitors by Market Cap
The table below lists competitors of Athabasca Oil Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adaro Minerals Indonesia Tbk PT
JK:ADMR
|
$3.63 Billion |
|
Kadant Inc
NYSE:KAI
|
$3.63 Billion |
|
Masan Group Corp
VN:MSN
|
$3.63 Billion |
|
Guangzhou Haige Communications Group Incorporated Co
SHE:002465
|
$3.63 Billion |
|
Telephone and Data Systems Inc
NYSE:TDS
|
$3.63 Billion |
|
Rubis SCA
PA:RUI
|
$3.63 Billion |
|
Kimberly-Clark de México S. A. B. de C. V
MX:KIMBERA
|
$3.62 Billion |
|
Hubei Jumpcan Pharmaceutical Co Ltd
SHG:600566
|
$3.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Athabasca Oil Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,747,064,000 to 1,773,935,000, a change of 26,871,000 (1.5%).
- Net income of 245,110,000 contributed positively to equity growth.
- Share repurchases of 230,228,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$245.11 Million | +13.82% |
| Share Repurchases | CA$230.23 Million | -12.98% |
| Other Changes | CA$11.99 Million | +0.68% |
| Total Change | CA$- | 1.54% |
Book Value vs Market Value Analysis
This analysis compares Athabasca Oil 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: 2.94x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.19x to 2.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CA$2.00 | CA$10.36 | x |
| 2009-12-31 | CA$0.86 | CA$10.36 | x |
| 2010-12-31 | CA$5.79 | CA$10.36 | x |
| 2011-12-31 | CA$7.85 | CA$10.36 | x |
| 2012-12-31 | CA$8.63 | CA$10.36 | x |
| 2013-12-31 | CA$8.43 | CA$10.36 | x |
| 2014-12-31 | CA$7.88 | CA$10.36 | x |
| 2015-12-31 | CA$6.16 | CA$10.36 | x |
| 2016-12-31 | CA$3.84 | CA$10.36 | x |
| 2017-12-31 | CA$3.05 | CA$10.36 | x |
| 2018-12-31 | CA$1.88 | CA$10.36 | x |
| 2019-12-31 | CA$2.32 | CA$10.36 | x |
| 2020-12-31 | CA$1.07 | CA$10.36 | x |
| 2021-12-31 | CA$1.88 | CA$10.36 | x |
| 2022-12-31 | CA$2.91 | CA$10.36 | x |
| 2023-12-31 | CA$2.71 | CA$10.36 | x |
| 2024-12-31 | CA$3.16 | CA$10.36 | x |
| 2025-12-31 | CA$3.53 | CA$10.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Athabasca Oil Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.71%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.44x
- Recent ROE (13.82%) is above the historical average (-7.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -6.80% | -452.16% | 0.01x | 2.21x | CA$-60.87 Million |
| 2009 | -43.97% | -2952.85% | 0.00x | 5.19x | CA$-92.86 Million |
| 2010 | 72.70% | 10218.15% | 0.01x | 1.26x | CA$1.27 Billion |
| 2011 | 4.51% | 3496.68% | 0.00x | 1.25x | CA$-173.07 Million |
| 2012 | 7.52% | 1008.78% | 0.01x | 1.29x | CA$-85.74 Million |
| 2013 | -3.74% | -104.85% | 0.03x | 1.29x | CA$-463.53 Million |
| 2014 | -7.19% | -174.84% | 0.03x | 1.36x | CA$-543.98 Million |
| 2015 | -28.07% | -811.92% | 0.02x | 1.39x | CA$-944.99 Million |
| 2016 | -60.16% | -529.00% | 0.08x | 1.45x | CA$-1.09 Billion |
| 2017 | -13.74% | -27.19% | 0.33x | 1.52x | CA$-361.87 Million |
| 2018 | -58.97% | -70.36% | 0.44x | 1.89x | CA$-666.25 Million |
| 2019 | 15.08% | 21.99% | 0.40x | 1.72x | CA$62.01 Million |
| 2020 | -127.10% | -155.11% | 0.33x | 2.51x | CA$-777.42 Million |
| 2021 | 44.60% | 45.03% | 0.58x | 1.70x | CA$355.01 Million |
| 2022 | 33.46% | 38.03% | 0.67x | 1.30x | CA$401.22 Million |
| 2023 | -3.23% | -4.29% | 0.58x | 1.29x | CA$-209.57 Million |
| 2024 | 26.77% | 32.44% | 0.58x | 1.42x | CA$293.04 Million |
| 2025 | 13.82% | 18.71% | 0.51x | 1.44x | CA$67.72 Million |
Industry Comparison
This section compares Athabasca Oil 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: $372,407,136
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Athabasca Oil Corp (ATH) | CA$1.96 Billion | -6.80% | 0.36x | $3.63 Billion |
| Advantage Oil & Gas Ltd. (AAV) | $1.38 Billion | -0.55% | 0.76x | $1.33 Billion |
| Africa Energy Corp (AFE) | $16.67 Million | -25.18% | 0.03x | $58.93 Million |
| Alvopetro Energy (ALV) | $95.37 Million | 24.22% | 0.47x | $259.60 Million |
| Africa Oil Corp (AOI) | $922.08 Million | -7.24% | 0.03x | $820.85 Million |
| Altima Resources Ltd (ARH) | $-2.40 Million | 0.00% | 0.00x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $880.75 Million | 7.71% | 0.70x | $13.96 Billion |
| Altai Resources Inc. (ATI) | $4.92 Million | -1.62% | 0.06x | $1.12 Million |
| Avanti Energy Inc (AVN) | $2.38 Million | -86.78% | 0.06x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $53.02 Million | 24.85% | 0.53x | $107.53 Million |
About Athabasca Oil Corp
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates through the Athabasca (Thermal Oil) and Duvernay Energy segments. The Athabasca segment focuses on the exploration, development, and production of bitumen from sand and carbonate rock formations… Read more