Topaz Energy Corp (TPZ) - Net Assets
Based on the latest financial reports, Topaz Energy Corp (TPZ) has net assets worth CA$1.51 Billion CAD (≈ $1.09 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$2.20 Billion ≈ $1.59 Billion USD) and total liabilities (CA$697.23 Million ≈ $504.36 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 how tangible is Topaz Energy Corp's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.51 Billion |
| % of Total Assets | 68.34% |
| Annual Growth Rate | 13.91% |
| 5-Year Change | 14.76% |
| 10-Year Change | N/A |
| Growth Volatility | 18.02 |
Topaz Energy Corp - Net Assets Trend (2019–2025)
This chart illustrates how Topaz Energy Corp's net assets have evolved over time, based on quarterly financial data. See TPZ defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Topaz Energy Corp (2019–2025)
The table below shows the annual net assets of Topaz Energy Corp from 2019 to 2025. For live valuation and market cap data, see TPZ market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$1.52 Billion ≈ $1.10 Billion |
+15.51% |
| 2024-12-31 | CA$1.32 Billion ≈ $952.18 Million |
+5.83% |
| 2023-12-31 | CA$1.24 Billion ≈ $899.73 Million |
-8.70% |
| 2022-12-31 | CA$1.36 Billion ≈ $985.46 Million |
+2.82% |
| 2021-12-31 | CA$1.32 Billion ≈ $958.43 Million |
+31.74% |
| 2020-12-31 | CA$1.01 Billion ≈ $727.53 Million |
+44.55% |
| 2019-12-31 | CA$695.74 Million ≈ $503.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Topaz Energy 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 45323.1% 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 | 114.74% |
| Other Components | CA$71.19 Million | 4.68% |
| Total Equity | CA$1.52 Billion | 100.00% |
Topaz Energy Corp Competitors by Market Cap
The table below lists competitors of Topaz Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caida Securities Co Ltd
SHG:600906
|
$3.45 Billion |
|
ROCKWOOL International A/S
CO:ROCK-A
|
$3.45 Billion |
|
Shenzhen Hopewind Elec Co Ltd
SHG:603063
|
$3.45 Billion |
|
Enaex S.A
SN:ENAEX
|
$3.45 Billion |
|
Henzhen Zhaowei Machinery And Elect
SHE:003021
|
$3.45 Billion |
|
Centre Testing Intl Shenzhen
SHE:300012
|
$3.45 Billion |
|
Hualan Biological EngineeringInc
SHE:002007
|
$3.45 Billion |
|
Grandblue Environment Co Ltd
SHG:600323
|
$3.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topaz Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,316,285,000 to 1,520,477,000, a change of 204,192,000 (15.5%).
- Net income of 128,741,000 contributed positively to equity growth.
- Dividend payments of 207,687,000 reduced retained earnings.
- Share repurchases of 1,951,000 reduced equity.
- Other factors increased equity by 285,089,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$128.74 Million | +8.47% |
| Dividends Paid | CA$207.69 Million | -13.66% |
| Share Repurchases | CA$1.95 Million | -0.13% |
| Other Changes | CA$285.09 Million | +18.75% |
| Total Change | CA$- | 15.51% |
Book Value vs Market Value Analysis
This analysis compares Topaz Energy 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: 3.13x
- 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 decreased from 4.06x to 3.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$7.59 | CA$30.82 | x |
| 2020-12-31 | CA$8.94 | CA$30.82 | x |
| 2021-12-31 | CA$10.65 | CA$30.82 | x |
| 2022-12-31 | CA$9.51 | CA$30.82 | x |
| 2023-12-31 | CA$8.56 | CA$30.82 | x |
| 2024-12-31 | CA$8.95 | CA$30.82 | x |
| 2025-12-31 | CA$9.85 | CA$30.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topaz Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.65%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.48x
- Recent ROE (8.47%) is above the historical average (3.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.09% | 0.77% | 0.12x | 1.00x | CA$-68.92 Million |
| 2020 | 0.31% | 3.09% | 0.10x | 1.04x | CA$-97.48 Million |
| 2021 | 2.08% | 13.03% | 0.13x | 1.26x | CA$-104.93 Million |
| 2022 | 7.29% | 26.88% | 0.20x | 1.39x | CA$-36.87 Million |
| 2023 | 3.83% | 14.82% | 0.19x | 1.37x | CA$-76.73 Million |
| 2024 | 3.52% | 14.85% | 0.16x | 1.48x | CA$-85.24 Million |
| 2025 | 8.47% | 39.65% | 0.14x | 1.48x | CA$-23.31 Million |
Industry Comparison
This section compares Topaz Energy Corp's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $4,915,635,491
- Average return on equity (ROE) among peers: -2.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topaz Energy Corp (TPZ) | CA$1.51 Billion | 0.09% | 0.46x | $3.45 Billion |
| AltaGas Ltd (ALA) | $7.64 Billion | -5.69% | 2.07x | $12.10 Billion |
| Enbridge Inc (ENB) | $7.99 Billion | 19.55% | 2.53x | $123.10 Billion |
| Gibson Energy Inc. (GEI) | $758.23 Million | 19.92% | 2.71x | $3.60 Billion |
| Keyera Corp. (KEY) | $2.48 Billion | 11.69% | 1.37x | $9.40 Billion |
| Pembina Pipeline Corp (PPL) | $15.81 Billion | 11.23% | 1.06x | $27.75 Billion |
| South Bow Corporation (SOBO) | $2.70 Billion | 16.29% | 3.13x | $7.80 Billion |
| Source Rock Royalties Ltd (SRR) | $27.44 Million | 9.32% | 0.05x | $32.97 Million |
| TC Energy Corp (TRP) | $6.49 Billion | 10.57% | 2.07x | $72.66 Billion |
| Tidewater Midstream and Infrastructure Ltd (TWM) | $340.50 Million | -113.33% | 3.71x | $260.24 Million |
About Topaz Energy Corp
Topaz Energy Corp. operates as a royalty and infrastructure energy company in Canada. It operates through Royalty Production and Infrastructure segments. The company holds royalty interests on approximately 9 million gross acres of developed and undeveloped lands. It is also involved in operating natural gas processing facilities; and associated crude oil and condensate handling facilities, as we… Read more