Asbestos Corporation Limited
Asbestos Corporation Limited manages various mining assets in Canada. The company is involved in the rental of mining buildings that can be used as warehouses or plants; and sale of land, as well as royalties from the exploitation of a granite quarry, restoration, and revegetation of mining sites. It also provides site preparation work for the installation of energy infrastructure. The company wa… Read more
Asbestos Corporation Limited (AB-H) - Net Assets
Latest net assets as of September 2025: CA$-34.29 Million CAD
Based on the latest financial reports, Asbestos Corporation Limited (AB-H) has net assets worth CA$-34.29 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$45.60 Million) and total liabilities (CA$79.89 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-34.29 Million |
| % of Total Assets | -75.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Asbestos Corporation Limited - Net Assets Trend (2013–2024)
This chart illustrates how Asbestos Corporation Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Asbestos Corporation Limited (2013–2024)
The table below shows the annual net assets of Asbestos Corporation Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-18.04 Million | +3.68% |
| 2023-12-31 | CA$-18.73 Million | +7.22% |
| 2022-12-31 | CA$-20.18 Million | -1.36% |
| 2021-12-31 | CA$-19.91 Million | +0.52% |
| 2020-12-31 | CA$-20.02 Million | +1.26% |
| 2019-12-31 | CA$-20.27 Million | +2.34% |
| 2018-12-31 | CA$-20.76 Million | -0.41% |
| 2017-12-31 | CA$-20.67 Million | -0.45% |
| 2016-12-31 | CA$-20.58 Million | +15.76% |
| 2015-12-31 | CA$-24.43 Million | -9.41% |
| 2014-12-31 | CA$-22.33 Million | -3.84% |
| 2013-12-31 | CA$-21.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Asbestos Corporation Limited'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 grown by 358900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$33.31 Million | % |
| Total Equity | CA$-18.04 Million | 100.00% |
Asbestos Corporation Limited Competitors by Market Cap
The table below lists competitors of Asbestos Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silver Valley Metals Corp
OTCQB:SVMFF
|
$467.61K |
|
HORIZONTE MINERALS LS-2
F:H5W0
|
$467.79K |
|
Santova Ltd
JSE:SNV
|
$467.85K |
|
WisdomTree Voya Yield Enchanced USD Universal Bond Fund
NASDAQ:UNIY
|
$468.28K |
|
NORDIC ASIA IG 1987 AB B
F:X6A
|
$467.07K |
|
RENISHAW (REW.SG)
STU:REW
|
$467.04K |
|
Stefstock
JSE:SSK
|
$466.63K |
|
Visiber57 Corp
OTCQB:VCOR
|
$466.45K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Asbestos Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -18,726,000 to -18,036,000, a change of 690,000.
- Net income of 669,000 contributed positively to equity growth.
- Other factors increased equity by 21,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$669.00K | +3.71% |
| Other Changes | CA$21.00K | +0.12% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Asbestos Corporation Limited'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-7.29 | CA$0.90 | x |
| 2018-12-31 | CA$-7.32 | CA$0.90 | x |
| 2019-12-31 | CA$-7.15 | CA$0.90 | x |
| 2020-12-31 | CA$-7.06 | CA$0.90 | x |
| 2021-12-31 | CA$-7.02 | CA$0.90 | x |
| 2022-12-31 | CA$-7.11 | CA$0.90 | x |
| 2023-12-31 | CA$-6.60 | CA$0.90 | x |
| 2024-12-31 | CA$-6.36 | CA$0.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Asbestos Corporation Limited 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.56%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 146.65% | 0.10x | 0.00x | CA$3.66 Million |
| 2014 | 0.00% | -64.60% | 0.12x | 0.00x | CA$1.51 Million |
| 2015 | 0.00% | -54.57% | 0.12x | 0.00x | CA$389.10K |
| 2016 | 0.00% | 391.59% | 0.03x | 0.00x | CA$5.97 Million |
| 2017 | 0.00% | -6.19% | 0.04x | 0.00x | CA$1.99 Million |
| 2018 | 0.00% | -7.36% | 0.04x | 0.00x | CA$1.98 Million |
| 2019 | 0.00% | 44.24% | 0.03x | 0.00x | CA$2.50 Million |
| 2020 | 0.00% | 16.76% | 0.05x | 0.00x | CA$2.24 Million |
| 2021 | 0.00% | 2.62% | 0.07x | 0.00x | CA$2.05 Million |
| 2022 | 0.00% | -41.10% | 0.03x | 0.00x | CA$1.68 Million |
| 2023 | 0.00% | 77.42% | 0.05x | 0.00x | CA$3.31 Million |
| 2024 | 0.00% | 14.56% | 0.11x | 0.00x | CA$2.47 Million |
Industry Comparison
This section compares Asbestos Corporation Limited'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: $36,484,170
- Average return on equity (ROE) among peers: -74.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Asbestos Corporation Limited (AB-H) | CA$-34.29 Million | 0.00% | N/A | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |