Surge Energy Inc. (SGY) - Net Assets

Latest as of December 2025: CA$724.98 Million CAD ≈ $524.44 Million USD

Based on the latest financial reports, Surge Energy Inc. (SGY) has net assets worth CA$724.98 Million CAD (≈ $524.44 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.32 Billion ≈ $958.13 Million USD) and total liabilities (CA$599.53 Million ≈ $433.69 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. Check SGY asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$724.98 Million
% of Total Assets	54.74%
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. Also explore balance sheet size of Surge Energy Inc. for the complete picture of this company's asset base.

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	--

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
Lsb Industries Inc NYSE:LXU	$708.65 Million
Pentamaster Corporation Bhd KLSE:7160	$709.00 Million
Suzhou Medsys Tech Co Ltd SHG:603990	$709.03 Million
New Found Gold Corp V:NFG	$709.21 Million
Scanfil Oyj HE:SCANFL	$708.55 Million
CytomX Therapeutics Inc NASDAQ:CTMX	$708.24 Million
NioCorp Developments Ltd. Common Stock NASDAQ:NB	$707.93 Million
Shenzhen Xfh Technology Co Ltd SHE:300890	$707.84 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: 1.38x
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 33.15x to 1.38x 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$9.91	x
1999-12-31	CA$0.99	CA$9.91	x
2000-12-31	CA$3.27	CA$9.91	x
2001-12-31	CA$7.42	CA$9.91	x
2002-12-31	CA$5.73	CA$9.91	x
2003-12-31	CA$7.54	CA$9.91	x
2004-12-31	CA$12.18	CA$9.91	x
2005-12-31	CA$17.66	CA$9.91	x
2006-12-31	CA$23.99	CA$9.91	x
2007-12-31	CA$24.10	CA$9.91	x
2008-12-31	CA$27.40	CA$9.91	x
2009-12-31	CA$28.93	CA$9.91	x
2010-12-31	CA$59.53	CA$9.91	x
2011-12-31	CA$46.89	CA$9.91	x
2012-12-31	CA$42.04	CA$9.91	x
2013-12-31	CA$71.46	CA$9.91	x
2014-12-31	CA$45.65	CA$9.91	x
2015-12-31	CA$31.28	CA$9.91	x
2016-12-31	CA$29.80	CA$9.91	x
2017-12-31	CA$28.91	CA$9.91	x
2018-12-31	CA$28.80	CA$9.91	x
2019-12-31	CA$18.02	CA$9.91	x
2020-12-31	CA$-1.67	CA$9.91	x
2021-12-31	CA$9.17	CA$9.91	x
2022-12-31	CA$9.63	CA$9.91	x
2023-12-31	CA$8.35	CA$9.91	x
2024-12-31	CA$7.32	CA$9.91	x
2025-12-31	CA$7.18	CA$9.91	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: $642,696,496
Average return on equity (ROE) among peers: -12.81%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Surge Energy Inc. (SGY)	CA$724.98 Million	-3.25%	0.83x	$708.57 Million
Advantage Oil & Gas Ltd. (AAV)	$1.27 Billion	-1.67%	1.21x	$1.22 Billion
Africa Energy Corp (AFE)	$189.46K	0.00%	0.21x	$71.06 Million
Alvopetro Energy (ALV)	$60.57 Million	-7.17%	0.08x	$230.37 Million
Africa Oil Corp (AOI)	$929.85 Million	-5.66%	0.06x	$820.85 Million
Altima Resources Ltd (ARH)	$18.57 Million	-6.97%	0.60x	$19.37 Million
ARC Resources Ltd. (ARX)	$3.16 Billion	9.08%	0.68x	$13.26 Billion
Athabasca Oil Corp (ATH)	$965.95 Million	-58.97%	0.89x	$4.13 Billion
Altai Resources Inc. (ATI)	$4.45 Million	-2.56%	0.07x	$1.42 Million
Avanti Energy Inc (AVN)	$159.53K	-53.64%	0.35x	$24.04 Million
Arrow Exploration Corp (AXL)	$10.89 Million	-0.55%	0.12x	$84.78 Million

About Surge Energy Inc.

TO:SGY Canada Oil & Gas E&P

Market Cap

$708.57 Million

CA$979.51 Million CAD

Market Cap Rank

#10790 Global

#303 in Canada

Share Price

CA$9.91

Change (1 day)

-1.00%

52-Week Range

CA$4.53 - CA$10.12

All Time High

CA$11.50