Surge Energy Inc. (SGY) - Net Assets
Based on the latest financial reports, Surge Energy Inc. (SGY) has net assets worth CA$693.58 Million CAD (≈ $501.73 Million 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$1.37 Billion ≈ $990.95 Million USD) and total liabilities (CA$676.30 Million ≈ $489.22 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 tangible net worth ratio of Surge Energy Inc. to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$693.58 Million |
| % of Total Assets | 50.63% |
| Annual Growth Rate | 33.61% |
| 5-Year Change | 41.22% |
| 10-Year Change | -6.96% |
| Growth Volatility | 101.13 |
Surge Energy Inc. - Net Assets Trend (1998–2025)
This chart illustrates how Surge Energy Inc.'s net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Surge Energy Inc. to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Surge Energy Inc. (1998–2025)
The table below shows the annual net assets of Surge Energy Inc. from 1998 to 2025. For live valuation and market cap data, see SGY company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$724.98 Million ≈ $524.44 Million |
-1.83% |
| 2024-12-31 | CA$738.51 Million ≈ $534.23 Million |
-12.50% |
| 2023-12-31 | CA$843.98 Million ≈ $610.52 Million |
+0.67% |
| 2022-12-31 | CA$838.32 Million ≈ $606.43 Million |
+63.29% |
| 2021-12-31 | CA$513.38 Million ≈ $371.37 Million |
+875.32% |
| 2020-12-31 | CA$-66.22 Million ≈ $-47.90 Million |
-109.86% |
| 2019-12-31 | CA$671.31 Million ≈ $485.61 Million |
-19.56% |
| 2018-12-31 | CA$834.49 Million ≈ $603.66 Million |
+7.52% |
| 2017-12-31 | CA$776.15 Million ≈ $561.46 Million |
-0.39% |
| 2016-12-31 | CA$779.18 Million ≈ $563.64 Million |
-4.06% |
| 2015-12-31 | CA$812.14 Million ≈ $587.49 Million |
-24.51% |
| 2014-12-31 | CA$1.08 Billion ≈ $778.26 Million |
+25.95% |
| 2013-12-31 | CA$854.19 Million ≈ $617.91 Million |
+143.36% |
| 2012-12-31 | CA$351.00 Million ≈ $253.91 Million |
+8.28% |
| 2011-12-31 | CA$324.16 Million ≈ $234.49 Million |
+26.93% |
| 2010-12-31 | CA$255.38 Million ≈ $184.74 Million |
+349.33% |
| 2009-12-31 | CA$56.84 Million ≈ $41.11 Million |
+3.27% |
| 2008-12-31 | CA$55.04 Million ≈ $39.81 Million |
+13.53% |
| 2007-12-31 | CA$48.48 Million ≈ $35.07 Million |
-1.53% |
| 2006-12-31 | CA$49.23 Million ≈ $35.61 Million |
+39.67% |
| 2005-12-31 | CA$35.25 Million ≈ $25.50 Million |
+46.17% |
| 2004-12-31 | CA$24.12 Million ≈ $17.45 Million |
+56.37% |
| 2003-12-31 | CA$15.42 Million ≈ $11.16 Million |
+45.67% |
| 2002-12-31 | CA$10.59 Million ≈ $7.66 Million |
+6.93% |
| 2001-12-31 | CA$9.90 Million ≈ $7.16 Million |
+163.25% |
| 2000-12-31 | CA$3.76 Million ≈ $2.72 Million |
+292.84% |
| 1999-12-31 | CA$957.37K ≈ $692.55K |
+230.00% |
| 1998-12-31 | CA$290.12K ≈ $209.86K |
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Equity Component Analysis
This analysis shows how different components contribute to Surge Energy 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 113589457700.0% 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 | 240.15% |
| Other Comprehensive Income | CA$6.38 Million | 0.88% |
| Other Components | CA$113.47 Million | 15.65% |
| Total Equity | CA$724.98 Million | 100.00% |
Surge Energy Inc. Competitors by Market Cap
The table below lists competitors of Surge Energy Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Doron Technology Corp
SHG:603528
|
$702.44 Million |
|
Tropicana Corporation Bhd
KLSE:5401
|
$702.66 Million |
|
Mega First Corporation Bhd
KLSE:3069
|
$702.66 Million |
|
Sprinklr Inc
NYSE:CXM
|
$702.76 Million |
|
Qingdao Hiron Commercial Cold Chain Co Ltd
SHG:603187
|
$702.29 Million |
|
Nsfocus Information Technology Co Ltd
SHE:300369
|
$702.23 Million |
|
Anhui Huilong Agricultural Means of Production Co Ltd
SHE:002556
|
$702.22 Million |
|
WA1 Resources Ltd
AU:WA1
|
$702.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Surge Energy Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 738,508,000 to 724,976,000, a change of -13,532,000 (-1.8%).
- Net income of 40,259,000 contributed positively to equity growth.
- Dividend payments of 51,651,000 reduced retained earnings.
- Share repurchases of 8,679,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$40.26 Million | +5.55% |
| Dividends Paid | CA$51.65 Million | -7.12% |
| Share Repurchases | CA$8.68 Million | -1.2% |
| Other Changes | CA$6.54 Million | +0.9% |
| Total Change | CA$- | -1.83% |
Book Value vs Market Value Analysis
This analysis compares Surge Energy 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
- Current price-to-book ratio: 1.35x
- 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 32.42x to 1.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CA$0.30 | CA$9.69 | x |
| 1999-12-31 | CA$0.99 | CA$9.69 | x |
| 2000-12-31 | CA$3.27 | CA$9.69 | x |
| 2001-12-31 | CA$7.42 | CA$9.69 | x |
| 2002-12-31 | CA$5.73 | CA$9.69 | x |
| 2003-12-31 | CA$7.54 | CA$9.69 | x |
| 2004-12-31 | CA$12.18 | CA$9.69 | x |
| 2005-12-31 | CA$17.66 | CA$9.69 | x |
| 2006-12-31 | CA$23.99 | CA$9.69 | x |
| 2007-12-31 | CA$24.10 | CA$9.69 | x |
| 2008-12-31 | CA$27.40 | CA$9.69 | x |
| 2009-12-31 | CA$28.93 | CA$9.69 | x |
| 2010-12-31 | CA$59.53 | CA$9.69 | x |
| 2011-12-31 | CA$46.89 | CA$9.69 | x |
| 2012-12-31 | CA$42.04 | CA$9.69 | x |
| 2013-12-31 | CA$71.46 | CA$9.69 | x |
| 2014-12-31 | CA$45.65 | CA$9.69 | x |
| 2015-12-31 | CA$31.28 | CA$9.69 | x |
| 2016-12-31 | CA$29.80 | CA$9.69 | x |
| 2017-12-31 | CA$28.91 | CA$9.69 | x |
| 2018-12-31 | CA$28.80 | CA$9.69 | x |
| 2019-12-31 | CA$18.02 | CA$9.69 | x |
| 2020-12-31 | CA$-1.67 | CA$9.69 | x |
| 2021-12-31 | CA$9.17 | CA$9.69 | x |
| 2022-12-31 | CA$9.63 | CA$9.69 | x |
| 2023-12-31 | CA$8.35 | CA$9.69 | x |
| 2024-12-31 | CA$7.32 | CA$9.69 | x |
| 2025-12-31 | CA$7.18 | CA$9.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Surge Energy Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.37%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.83x
- Recent ROE (5.55%) is below the historical average (7.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -3.25% | -942300.00% | 0.00x | 1.01x | CA$-38.43K |
| 1999 | 12.03% | 18.22% | 0.15x | 4.52x | CA$19.42K |
| 2000 | 46.74% | 33.01% | 0.50x | 2.81x | CA$1.38 Million |
| 2001 | 20.05% | 31.06% | 0.33x | 1.93x | CA$995.07K |
| 2002 | 8.91% | 11.23% | 0.26x | 3.08x | CA$-115.88K |
| 2003 | 32.13% | 24.14% | 0.40x | 3.34x | CA$3.41 Million |
| 2004 | 30.28% | 20.78% | 0.45x | 3.21x | CA$4.89 Million |
| 2005 | 28.09% | 16.80% | 0.60x | 2.81x | CA$6.38 Million |
| 2006 | 12.05% | 10.81% | 0.42x | 2.65x | CA$1.01 Million |
| 2007 | 3.88% | 3.46% | 0.44x | 2.56x | CA$-2.97 Million |
| 2008 | 13.99% | 10.80% | 0.53x | 2.46x | CA$2.19 Million |
| 2009 | -3.72% | -4.97% | 0.32x | 2.33x | CA$-7.80 Million |
| 2010 | -3.01% | -15.45% | 0.13x | 1.48x | CA$-33.23 Million |
| 2011 | 0.65% | 1.59% | 0.25x | 1.59x | CA$-30.32 Million |
| 2012 | -15.17% | -27.64% | 0.28x | 1.94x | CA$-88.34 Million |
| 2013 | -1.16% | -3.64% | 0.20x | 1.61x | CA$-95.31 Million |
| 2014 | -3.08% | -6.83% | 0.24x | 1.85x | CA$-140.76 Million |
| 2015 | -26.34% | -89.91% | 0.21x | 1.41x | CA$-295.11 Million |
| 2016 | -3.90% | -18.37% | 0.15x | 1.43x | CA$-108.34 Million |
| 2017 | -0.86% | -2.77% | 0.20x | 1.59x | CA$-84.29 Million |
| 2018 | -8.57% | -23.27% | 0.20x | 1.88x | CA$-154.98 Million |
| 2019 | -23.64% | -39.80% | 0.28x | 2.12x | CA$-225.79 Million |
| 2020 | 0.00% | -346.26% | 0.30x | 0.00x | CA$-740.68 Million |
| 2021 | 79.40% | 98.30% | 0.33x | 2.48x | CA$356.27 Million |
| 2022 | 27.64% | 31.55% | 0.47x | 1.85x | CA$147.89 Million |
| 2023 | 1.87% | 2.82% | 0.38x | 1.75x | CA$-68.65 Million |
| 2024 | -7.27% | -8.07% | 0.49x | 1.85x | CA$-127.57 Million |
| 2025 | 5.55% | 8.37% | 0.36x | 1.83x | CA$-32.24 Million |
Industry Comparison
This section compares Surge Energy Inc.'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: $468,854,611
- Average return on equity (ROE) among peers: -17.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Surge Energy Inc. (SGY) | CA$693.58 Million | -3.25% | 0.98x | $702.32 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.56 Billion | 21.64% | 0.42x | $1.17 Billion |
| Africa Energy Corp (AFE) | $265.56 Million | 18.32% | 0.01x | $67.59 Million |
| Alvopetro Energy (ALV) | $95.37 Million | 24.22% | 0.47x | $235.69 Million |
| Africa Oil Corp (AOI) | $24.87 Million | -14.72% | 0.42x | $820.85 Million |
| Altima Resources Ltd (ARH) | $19.56 Million | -8.72% | 0.40x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $2.10 Billion | 25.38% | 0.79x | $12.87 Billion |
| Athabasca Oil Corp (ATH) | $567.02 Million | -127.10% | 1.51x | $3.78 Billion |
| Altai Resources Inc. (ATI) | $22.21 Million | -2.68% | 0.02x | $1.12 Million |
| Avanti Energy Inc (AVN) | $2.38 Million | -86.78% | 0.06x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $27.18 Million | -27.59% | 0.08x | $102.36 Million |
About Surge Energy Inc.
Surge Energy Inc. engages in the exploration, development, and production of oil and gas properties in Western Canada. It holds interests in the oil and natural gas producing properties located in Sparky Alberta and Southeast Saskatchewan, as well as in Greater Sawn and Nevis, and Manitoba properties. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy… Read more