Skeena Resources Ltd (SKE) - Net Assets

Latest as of March 2026: CA$180.32 Million CAD ≈ $130.44 Million USD

Based on the latest financial reports, Skeena Resources Ltd (SKE) has net assets worth CA$180.32 Million CAD (≈ $130.44 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$1.13 Billion ≈ $818.84 Million USD) and total liabilities (CA$951.63 Million ≈ $688.39 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 Skeena Resources Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$180.32 Million
% of Total Assets	15.93%
Annual Growth Rate	27.84%
5-Year Change	28.79%
10-Year Change	684.1%
Growth Volatility	483.83

Skeena Resources Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Skeena Resources Ltd's net assets have evolved over time, based on quarterly financial data. See Skeena Resources Ltd (SKE) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Skeena Resources Ltd (2001–2025)

The table below shows the annual net assets of Skeena Resources Ltd from 2001 to 2025. For live valuation and market cap data, see market value of Skeena Resources Ltd.

Year	Net Assets	Change
2025-12-31	CA$159.12 Million ≈ $115.11 Million	+75.61%
2024-12-31	CA$90.61 Million ≈ $65.55 Million	-27.24%
2023-12-31	CA$124.53 Million ≈ $90.09 Million	-9.25%
2022-12-31	CA$137.23 Million ≈ $99.27 Million	+11.07%
2021-12-31	CA$123.55 Million ≈ $89.37 Million	+13.40%
2020-12-31	CA$108.95 Million ≈ $78.81 Million	+838.67%
2019-12-31	CA$11.61 Million ≈ $8.40 Million	-37.48%
2018-12-31	CA$18.57 Million ≈ $13.43 Million	-15.99%
2017-12-31	CA$22.10 Million ≈ $15.99 Million	+8.91%
2016-12-31	CA$20.29 Million ≈ $14.68 Million	+95.75%
2015-12-31	CA$10.37 Million ≈ $7.50 Million	+36.28%
2014-12-31	CA$7.61 Million ≈ $5.50 Million	+2259.55%
2013-12-31	CA$322.42K ≈ $233.23K	-37.25%
2012-12-31	CA$513.78K ≈ $371.66K	-77.37%
2011-12-31	CA$2.27 Million ≈ $1.64 Million	+78.23%
2010-12-31	CA$1.27 Million ≈ $921.33K	+2689.58%
2009-12-31	CA$-49.18K ≈ $-35.58K	-101.00%
2008-12-31	CA$4.94 Million ≈ $3.57 Million	-48.14%
2007-12-31	CA$9.53 Million ≈ $6.89 Million	+57.69%
2006-12-31	CA$6.04 Million ≈ $4.37 Million	+30.67%
2005-12-31	CA$4.62 Million ≈ $3.35 Million	+78.59%
2004-12-31	CA$2.59 Million ≈ $1.87 Million	+195.93%
2003-12-31	CA$874.99K ≈ $632.95K	+208.30%
2002-12-31	CA$283.81K ≈ $205.31K	-35.29%
2001-12-31	CA$438.61K ≈ $317.28K	--

Equity Component Analysis

This analysis shows how different components contribute to Skeena Resources 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 80418958800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CA$903.04 Million	567.51%
Other Comprehensive Income	CA$66.03 Million	41.50%
Total Equity	CA$159.12 Million	100.00%

Skeena Resources Ltd Competitors by Market Cap

The table below lists competitors of Skeena Resources Ltd ranked by their market capitalization.

Company	Market Cap
China Film Co Ltd SHG:600977	$3.88 Billion
Hilton Grand Vacations Inc NYSE:HGV	$3.88 Billion
Howard Hughes Holdings Inc. NYSE:HHH	$3.88 Billion
Golar LNG Limited F:G2O	$3.88 Billion
Avic Aviation High Technology Co Ltd SHG:600862	$3.88 Billion
Motor Oil (Hellas) Corinth Refineries S.A AT:MOH	$3.88 Billion
Shenzhen Senior Technology Material Co Ltd SHE:300568	$3.88 Billion
Skyline Corporation NYSE:SKY	$3.87 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Skeena Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 90,613,000 to 159,124,000, a change of 68,511,000 (75.6%).
Net loss of 182,841,000 reduced equity.
New share issuances of 232,143,000 increased equity.
Other comprehensive income increased equity by 18,433,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-182.84 Million	-114.9%
Share Issuances	CA$232.14 Million	+145.89%
Other Comprehensive Income	CA$18.43 Million	+11.58%
Other Changes	CA$776.00K	+0.49%
Total Change	CA$-	75.61%

Book Value vs Market Value Analysis

This analysis compares Skeena Resources 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: 31.27x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 7.02x to 31.27x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CA$6.16	CA$43.19	x
2002-12-31	CA$3.29	CA$43.19	x
2003-12-31	CA$8.56	CA$43.19	x
2004-12-31	CA$23.26	CA$43.19	x
2005-12-31	CA$27.04	CA$43.19	x
2006-12-31	CA$28.90	CA$43.19	x
2007-12-31	CA$37.47	CA$43.19	x
2008-12-31	CA$16.68	CA$43.19	x
2009-12-31	CA$-0.13	CA$43.19	x
2010-12-31	CA$2.66	CA$43.19	x
2011-12-31	CA$3.62	CA$43.19	x
2012-12-31	CA$0.81	CA$43.19	x
2013-12-31	CA$0.50	CA$43.19	x
2014-12-31	CA$6.15	CA$43.19	x
2015-12-31	CA$1.78	CA$43.19	x
2016-12-31	CA$1.95	CA$43.19	x
2017-12-31	CA$1.43	CA$43.19	x
2018-12-31	CA$0.84	CA$43.19	x
2019-12-31	CA$0.43	CA$43.19	x
2020-12-31	CA$2.58	CA$43.19	x
2021-12-31	CA$2.07	CA$43.19	x
2022-12-31	CA$1.95	CA$43.19	x
2023-12-31	CA$1.48	CA$43.19	x
2024-12-31	CA$0.91	CA$43.19	x
2025-12-31	CA$1.38	CA$43.19	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Skeena Resources 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): -114.90%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: 0.00x
• Equity Multiplier: 4.84x
Recent ROE (-114.90%) is below the historical average (-65.47%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	-10.66%	0.00%	0.00x	1.17x	CA$-90.60K
2002	-121.49%	0.00%	0.00x	1.64x	CA$-373.18K
2003	-68.46%	0.00%	0.00x	1.04x	CA$-686.50K
2004	-8.61%	0.00%	0.00x	1.10x	CA$-481.93K
2005	-23.57%	0.00%	0.00x	1.02x	CA$-1.55 Million
2006	-10.54%	0.00%	0.00x	1.01x	CA$-1.24 Million
2007	-8.64%	0.00%	0.00x	1.03x	CA$-1.78 Million
2008	-128.26%	0.00%	0.00x	1.22x	CA$-6.83 Million
2009	0.00%	0.00%	0.00x	0.00x	CA$-6.01 Million
2010	-59.43%	0.00%	0.00x	1.21x	CA$-884.28K
2011	-14.05%	0.00%	0.00x	1.03x	CA$-546.00K
2012	-0.05%	0.00%	0.00x	1.46x	CA$-51.61K
2013	-59.35%	0.00%	0.00x	2.30x	CA$-223.60K
2014	-41.06%	0.00%	0.00x	1.06x	CA$-3.88 Million
2015	-68.20%	0.00%	0.00x	1.23x	CA$-8.11 Million
2016	-66.78%	0.00%	0.00x	1.10x	CA$-15.58 Million
2017	-45.26%	0.00%	0.00x	1.17x	CA$-12.21 Million
2018	-83.59%	0.00%	0.00x	1.32x	CA$-17.38 Million
2019	-233.33%	0.00%	0.00x	2.10x	CA$-28.24 Million
2020	-55.36%	0.00%	0.00x	1.27x	CA$-71.21 Million
2021	-95.16%	0.00%	0.00x	1.25x	CA$-129.92 Million
2022	-64.78%	0.00%	0.00x	1.22x	CA$-102.61 Million
2023	-87.51%	0.00%	0.00x	1.57x	CA$-121.43 Million
2024	-167.68%	0.00%	0.00x	3.03x	CA$-161.00 Million
2025	-114.90%	0.00%	0.00x	4.84x	CA$-198.75 Million

Industry Comparison

This section compares Skeena Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

Industry: Other Industrial Metals & Mining
Average net assets among peers: $2,278,129
Average return on equity (ROE) among peers: -49.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Skeena Resources Ltd (SKE)	CA$180.32 Million	-10.66%	5.28x	$3.88 Billion
Aftermath Silver Ltd (AAG)	$-1.02 Million	0.00%	0.00x	$195.23 Million
Aton Resources Inc (AAN)	$-9.49 Million	0.00%	0.00x	$42.41 Million
Arbor Metals Corp (ABR)	$153.43K	-30.35%	0.39x	$8.19 Million
Asiabasemetals Inc (ABZ)	$-251.39K	0.00%	0.00x	$3.63 Million
Adex Mining Inc (ADE)	$-81.43K	0.00%	0.00x	$66.13 Million
Alphamin Res (AFM)	$159.81K	-280.73%	0.49x	$1.30 Billion
Silver X Mining Corp (AGX)	$18.71 Million	-66.45%	1.77x	$138.33 Million
Amarc Resources Ltd. (AHR)	$7.22 Million	-119.49%	0.12x	$159.74 Million
Almonty Industries Inc (AII)	$21.18 Million	0.00%	0.48x	$5.33 Billion
Aldebaran Resources Inc (ALDE)	$-13.79 Million	0.00%	0.00x	$425.46 Million

About Skeena Resources Ltd

TO:SKE Canada Other Industrial Metals & Mining

Market Cap

$3.88 Billion

CA$5.36 Billion CAD

Market Cap Rank

#4282 Global

#141 in Canada

Share Price

CA$43.19

Change (1 day)

+2.91%

52-Week Range

CA$19.33 - CA$51.99

All Time High

CA$51.99