Black Spruce Exploration Inc. (BARK) - Net Assets
Based on the latest financial reports, Black Spruce Exploration Inc. (BARK) has net assets worth CA$-2.72 Million CAD (≈ $-1.97 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$454.08K ≈ $328.47K USD) and total liabilities (CA$3.18 Million ≈ $2.30 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Black Spruce Exploration Inc. tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-2.72 Million |
| % of Total Assets | -599.76% |
| Annual Growth Rate | 135.55% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 49.08 |
Black Spruce Exploration Inc. - Net Assets Trend (2022–2024)
This chart illustrates how Black Spruce Exploration Inc.'s net assets have evolved over time, based on quarterly financial data. See Black Spruce Exploration Inc. liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Black Spruce Exploration Inc. (2022–2024)
The table below shows the annual net assets of Black Spruce Exploration Inc. from 2022 to 2024. For live valuation and market cap data, see BARK market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$9.85 Million ≈ $7.12 Million |
+91.66% |
| 2023-06-30 | CA$5.14 Million ≈ $3.72 Million |
+189.82% |
| 2022-06-30 | CA$1.77 Million ≈ $1.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Black Spruce Exploration 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 823125200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$19.79 Million | 200.97% |
| Total Equity | CA$9.85 Million | 100.00% |
Black Spruce Exploration Inc. Competitors by Market Cap
The table below lists competitors of Black Spruce Exploration Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sarawak Cable Bhd
KLSE:5170
|
$1.00 Million |
|
Tower Investments SA
WAR:TOW
|
$1.00 Million |
|
GOLDREA RES CORP.
F:GOJ1
|
$1.00 Million |
|
Ampli SA w upadlosci ukladowej
WAR:APL
|
$1.00 Million |
|
Rimo International Lestari Tbk PT
JK:RIMO
|
$996.13K |
|
Queste Communications Ltd
AU:QUE
|
$996.08K |
|
WELLFIELD TECHNOLOG. INC.
F:K8D
|
$995.67K |
|
Biora Therapeutics Inc
NASDAQ:BIOR
|
$994.99K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Black Spruce Exploration Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,137,061 to 9,845,882, a change of 4,708,821 (91.7%).
- Net loss of 3,824,430 reduced equity.
- New share issuances of 1,616,000 increased equity.
- Other factors increased equity by 6,917,251.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.82 Million | -38.84% |
| Share Issuances | CA$1.62 Million | +16.41% |
| Other Changes | CA$6.92 Million | +70.26% |
| Total Change | CA$- | 91.66% |
Book Value vs Market Value Analysis
This analysis compares Black Spruce Exploration 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
- Current price-to-book ratio: 0.14x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | CA$0.22 | CA$0.05 | x |
| 2023-06-30 | CA$0.38 | CA$0.05 | x |
| 2024-06-30 | CA$0.37 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Black Spruce Exploration Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -38.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.30x
- Recent ROE (-38.84%) is above the historical average (-51.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -29.92% | 0.00% | 0.00x | 1.60x | CA$-707.63K |
| 2023 | -85.78% | 0.00% | 0.00x | 1.18x | CA$-4.92 Million |
| 2024 | -38.84% | 0.00% | 0.00x | 1.30x | CA$-4.81 Million |
Industry Comparison
This section compares Black Spruce Exploration 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: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Black Spruce Exploration Inc. (BARK) | CA$-2.72 Million | -29.92% | N/A | $999.38K |
| 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 Black Spruce Exploration Inc.
Black Spruce Exploration Inc. engages in the exploration and evaluation of resource properties in North America. The company primarily explores for lithium deposits. The company was formerly known as Lithium One Metals Inc. and changed its name Black Spruce Exploration Inc. in December 2025. Black Spruce Exploration Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.