Balto Resources Ltd
Balto Resources Ltd. explores for, evaluates, and develops mineral properties in Canada. It holds a 100% working interest in the SED mineral claims located in the Kamloops mining division, British Columbia. The company was formerly known as Alcor Resources Ltd. and changed its name to Balto Resources Ltd. in June 2008. Balto Resources Ltd. was incorporated in 1973 and is based in Vancouver, Canad… Read more
Balto Resources Ltd (BAL-H) - Net Assets
Latest net assets as of December 2023: CA$-3.47 Million CAD
Based on the latest financial reports, Balto Resources Ltd (BAL-H) has net assets worth CA$-3.47 Million CAD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$100.98K) and total liabilities (CA$3.57 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-3.47 Million |
| % of Total Assets | -3438.2% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 31.34 |
Balto Resources Ltd - Net Assets Trend (2014–2023)
This chart illustrates how Balto Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Balto Resources Ltd (2014–2023)
The table below shows the annual net assets of Balto Resources Ltd from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-03-31 | CA$-3.02 Million | -24.09% |
| 2022-03-31 | CA$-2.43 Million | -24.93% |
| 2021-03-31 | CA$-1.95 Million | -30.89% |
| 2020-03-31 | CA$-1.49 Million | -39.62% |
| 2019-03-31 | CA$-1.07 Million | -57.28% |
| 2018-03-31 | CA$-677.25K | -107.74% |
| 2017-03-31 | CA$-326.00K | -742.86% |
| 2016-03-31 | CA$-38.68K | -116.55% |
| 2015-03-31 | CA$233.76K | -53.86% |
| 2014-03-31 | CA$506.69K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Balto 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 352448000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$7.42 Million | % |
| Total Equity | CA$-3.02 Million | 100.00% |
Balto Resources Ltd Competitors by Market Cap
The table below lists competitors of Balto Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IND.VAERDEN -A-
BE:IDVA
|
$375.33K |
|
Neuhof Textil-Holding Aktiengesellschaft
MU:SPN
|
$375.44K |
|
Hrvatski Telekom d.d.
ZSE:HT
|
$375.45K |
|
JW Pharmaceutical Corp. Pfd. Series 2
KQ:001067
|
$375.67K |
|
CAL WATER SERV GRP
BE:WT5
|
$375.16K |
|
Maschinenfabrik HEID AG
VI:HED
|
$375.05K |
|
SMX (Security Matters) Public Limited Company Class A Ordinary Shares
NASDAQ:SMX
|
$374.99K |
|
AUMOVIO N
XETRA:AMV0
|
$374.77K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Balto Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -2,431,869 to -3,017,795, a change of -585,926.
- Net loss of 585,926 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-585.93K | -19.42% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Balto 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | CA$0.00 | CA$0.01 | x |
| 2018-03-31 | CA$-0.01 | CA$0.01 | x |
| 2019-03-31 | CA$-0.01 | CA$0.01 | x |
| 2020-03-31 | CA$-0.02 | CA$0.01 | x |
| 2021-03-31 | CA$-0.03 | CA$0.01 | x |
| 2022-03-31 | CA$-0.03 | CA$0.01 | x |
| 2023-03-31 | CA$-0.04 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Balto Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-17.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -57.33% | 0.00% | 0.00x | 1.07x | CA$-341.15K |
| 2015 | -116.75% | 0.00% | 0.00x | 1.16x | CA$-296.30K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-268.57K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-254.72K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-283.52K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-281.38K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-273.31K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-264.69K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-242.16K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-284.15K |
Industry Comparison
This section compares Balto 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: $34,378,298
- Average return on equity (ROE) among peers: -74.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Balto Resources Ltd (BAL-H) | CA$-3.47 Million | -57.33% | N/A | $375.18K |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $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 |