Altair Resources Inc (AVX) - Net Assets
Based on the latest financial reports, Altair Resources Inc (AVX) has net assets worth CA$-3.08 Million CAD (≈ $-2.23 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$28.22K ≈ $20.41K USD) and total liabilities (CA$3.11 Million ≈ $2.25 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Altair Resources Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-3.08 Million |
| % of Total Assets | -10907.46% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.61 |
Altair Resources Inc - Net Assets Trend (2014–2025)
This chart illustrates how Altair Resources Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Altair Resources Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Altair Resources Inc (2014–2025)
The table below shows the annual net assets of Altair Resources Inc from 2014 to 2025. For live valuation and market cap data, see Altair Resources Inc (AVX) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$-2.87 Million ≈ $-2.08 Million |
-18.49% |
| 2024-03-31 | CA$-2.42 Million ≈ $-1.75 Million |
-22.44% |
| 2023-03-31 | CA$-1.98 Million ≈ $-1.43 Million |
-18.10% |
| 2022-03-31 | CA$-1.68 Million ≈ $-1.21 Million |
-38.12% |
| 2021-03-31 | CA$-1.21 Million ≈ $-877.52K |
+0.30% |
| 2020-03-31 | CA$-1.22 Million ≈ $-880.15K |
-89.43% |
| 2019-03-31 | CA$-642.29K ≈ $-464.62K |
-161.81% |
| 2018-03-31 | CA$1.04 Million ≈ $751.66K |
-50.09% |
| 2017-03-31 | CA$2.08 Million ≈ $1.51 Million |
+1874.15% |
| 2016-03-31 | CA$-117.34K ≈ $-84.88K |
-0.24% |
| 2015-03-31 | CA$-117.06K ≈ $-84.68K |
-106.15% |
| 2014-03-31 | CA$1.90 Million ≈ $1.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Altair Resources 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 1706019100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$22.39 Million | % |
| Total Equity | CA$-2.87 Million | 100.00% |
Altair Resources Inc Competitors by Market Cap
The table below lists competitors of Altair Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elixxer Ltd
V:ELXR
|
$287.08K |
|
Arecor Therapeutics PLC
LSE:AREC
|
$287.12K |
|
Sino-German United AG
F:SGU
|
$288.00K |
|
Global PVQ SE
HM:QCE
|
$288.63K |
|
Shuttle Pharmaceuticals Inc
NASDAQ:SHPH
|
$286.13K |
|
Annum Bhd
KLSE:5082
|
$285.59K |
|
Hercules Site Services PLC
LSE:HERC
|
$284.34K |
|
KINGMAN MINERALS LTD.
F:47A
|
$283.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altair Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,422,988 to -2,871,011, a change of -448,023.
- Net loss of 448,023 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-448.02K | -15.61% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Altair Resources 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | CA$0.26 | CA$0.01 | x |
| 2018-03-31 | CA$0.08 | CA$0.01 | x |
| 2019-03-31 | CA$-0.05 | CA$0.01 | x |
| 2020-03-31 | CA$-0.06 | CA$0.01 | x |
| 2021-03-31 | CA$-0.04 | CA$0.01 | x |
| 2022-03-31 | CA$-0.03 | CA$0.01 | x |
| 2023-03-31 | CA$-0.03 | CA$0.01 | x |
| 2024-03-31 | CA$-0.04 | CA$0.01 | x |
| 2025-03-31 | CA$-0.05 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altair Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-45.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -24.03% | 0.00% | 0.00x | 1.08x | CA$-647.94K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.43 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-786.22K |
| 2017 | -80.28% | 0.00% | 0.00x | 1.26x | CA$-1.88 Million |
| 2018 | -442.34% | 0.00% | 0.00x | 1.37x | CA$-4.70 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.01 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-477.22K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-167.03K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.92 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-415.84K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-201.83K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-160.92K |
Industry Comparison
This section compares Altair Resources Inc'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: $22,387,372
- Average return on equity (ROE) among peers: -196.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altair Resources Inc (AVX) | CA$-3.08 Million | -24.03% | N/A | $286.33K |
| Aftermath Silver Ltd (AAG) | $861.81K | -122.73% | 0.30x | $182.88 Million |
| Aton Resources Inc (AAN) | $-460.93K | 0.00% | 0.00x | $41.03 Million |
| Arbor Metals Corp (ABR) | $700.32K | -22.12% | 0.03x | $8.87 Million |
| Asiabasemetals Inc (ABZ) | $-3.48K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $841.09K | -1718.19% | 1.41x | $63.68 Million |
| Alphamin Res (AFM) | $80.92 Million | -5.35% | 0.01x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $17.22 Million | -43.99% | 0.06x | $151.59 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.08 Billion |
| Aldebaran Resources Inc (ALDE) | $64.26 Million | -0.85% | 0.01x | $404.19 Million |
About Altair Resources Inc
Altair Resources Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company primarily explores for gold and silver deposits. It has rights to acquire a 65% interest in the Simon property that comprises 37 unpatented lode claims and 20 patented lode claims located in the state of Nevada, the United States; and a 90% interest in … Read more