Oceanic Iron Ore Corp (FEO) - Net Assets

Latest as of September 2025: CA$-12.50 Million CAD ≈ $-9.04 Million USD

Based on the latest financial reports, Oceanic Iron Ore Corp (FEO) has net assets worth CA$-12.50 Million CAD (≈ $-9.04 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$46.44 Million ≈ $33.60 Million USD) and total liabilities (CA$58.94 Million ≈ $42.64 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 FEO financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$-12.50 Million
% of Total Assets	-26.91%
Annual Growth Rate	-0.48%
5-Year Change	-1.07%
10-Year Change	-8.94%
Growth Volatility	4.87

Oceanic Iron Ore Corp - Net Assets Trend (2011–2024)

This chart illustrates how Oceanic Iron Ore Corp's net assets have evolved over time, based on quarterly financial data. Also explore FEO asset base for the complete picture of this company's asset base.

Annual Net Assets for Oceanic Iron Ore Corp (2011–2024)

The table below shows the annual net assets of Oceanic Iron Ore Corp from 2011 to 2024. For live valuation and market cap data, see FEO stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CA$36.08 Million ≈ $26.10 Million	-9.42%
2023-12-31	CA$39.83 Million ≈ $28.81 Million	+1.59%
2022-12-31	CA$39.21 Million ≈ $28.36 Million	-1.92%
2021-12-31	CA$39.98 Million ≈ $28.92 Million	+9.62%
2020-12-31	CA$36.47 Million ≈ $26.38 Million	-10.03%
2019-12-31	CA$40.53 Million ≈ $29.32 Million	+1.57%
2018-12-31	CA$39.91 Million ≈ $28.87 Million	-1.41%
2017-12-31	CA$40.48 Million ≈ $29.28 Million	+2.10%
2016-12-31	CA$39.65 Million ≈ $28.68 Million	+0.06%
2015-12-31	CA$39.62 Million ≈ $28.66 Million	0.00%
2014-12-31	CA$39.62 Million ≈ $28.66 Million	+2.84%
2013-12-31	CA$38.53 Million ≈ $27.87 Million	-1.44%
2012-12-31	CA$39.09 Million ≈ $28.28 Million	+1.78%
2011-12-31	CA$38.41 Million ≈ $27.78 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Oceanic Iron Ore 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 2051019200.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	CA$74.63 Million	206.85%
Total Equity	CA$36.08 Million	100.00%

Oceanic Iron Ore Corp Competitors by Market Cap

The table below lists competitors of Oceanic Iron Ore Corp ranked by their market capitalization.

Company	Market Cap
CURATIS N AG SW:CURN	$89.64 Million
CDON AB ST:CDON	$89.70 Million
Q.BEYOND AG NA O.N. KONV. XETRA:QBY0	$89.70 Million
Intertek Group PLC LSE:ITRK	$89.74 Million
Alithya Group Inc NASDAQ:ALYAF	$89.60 Million
Doosan Fuel Cell Co. Ltd. Pfd. Series 1 KO:33626K	$89.56 Million
Yunsa Yunlu Sanayi ve Ticaret AS IS:YUNSA	$89.55 Million
CAB Cakaran Corporation Bhd KLSE:7174	$89.54 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Oceanic Iron Ore Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 39,831,345 to 36,078,679, a change of -3,752,666 (-9.4%).
Net loss of 4,677,584 reduced equity.
Other factors increased equity by 924,918.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-4.68 Million	-12.96%
Other Changes	CA$924.92K	+2.56%
Total Change	CA$-	-9.42%

Book Value vs Market Value Analysis

This analysis compares Oceanic Iron Ore 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: 2.57x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 1.02x to 2.57x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	CA$0.79	CA$0.81	x
2017-12-31	CA$0.60	CA$0.81	x
2019-12-31	CA$0.44	CA$0.81	x
2020-12-31	CA$0.39	CA$0.81	x
2021-12-31	CA$0.41	CA$0.81	x
2022-12-31	CA$0.39	CA$0.81	x
2023-12-31	CA$0.37	CA$0.81	x
2024-12-31	CA$0.32	CA$0.81	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Oceanic Iron Ore 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): -12.96%
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: 1.28x
Recent ROE (-12.96%) is below the historical average (-4.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	-12.89%	0.00%	0.00x	1.14x	CA$-8.79 Million
2012	-6.61%	0.00%	0.00x	1.12x	CA$-6.49 Million
2013	-6.24%	0.00%	0.00x	1.10x	CA$-6.26 Million
2014	-5.81%	0.00%	0.00x	1.09x	CA$-6.26 Million
2015	-4.39%	0.00%	0.00x	1.06x	CA$-5.70 Million
2016	-3.42%	0.00%	0.00x	1.07x	CA$-5.32 Million
2017	-3.59%	0.00%	0.00x	1.05x	CA$-5.50 Million
2018	-2.09%	0.00%	0.00x	1.10x	CA$-4.82 Million
2019	-2.07%	0.00%	0.00x	1.08x	CA$-4.89 Million
2020	-12.56%	0.00%	0.00x	1.20x	CA$-8.23 Million
2021	7.74%	0.00%	0.00x	1.11x	CA$-902.39K
2022	-2.70%	0.00%	0.00x	1.14x	CA$-4.98 Million
2023	0.13%	0.00%	0.00x	1.12x	CA$-3.93 Million
2024	-12.96%	0.00%	0.00x	1.28x	CA$-8.29 Million

Industry Comparison

This section compares Oceanic Iron Ore Corp'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: $14,613,271
Average return on equity (ROE) among peers: -28.30%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Oceanic Iron Ore Corp (FEO)	CA$-12.50 Million	-12.89%	N/A	$89.63 Million
Aftermath Silver Ltd (AAG)	$1.38 Million	-190.49%	0.19x	$185.75 Million
Aton Resources Inc (AAN)	$-9.49 Million	0.00%	0.00x	$49.79 Million
Arbor Metals Corp (ABR)	$3.78 Million	-10.88%	0.34x	$10.75 Million
Asiabasemetals Inc (ABZ)	$-637.51K	0.00%	0.00x	$4.67 Million
Adex Mining Inc (ADE)	$-2.16 Million	0.00%	0.00x	$27.09 Million
Alphamin Res (AFM)	$71.72 Million	-9.02%	0.02x	$1.30 Billion
Silver X Mining Corp (AGX)	$38.37 Million	-47.47%	0.73x	$148.73 Million
Amarc Resources Ltd. (AHR)	$14.00 Million	5.93%	0.01x	$148.33 Million
Almonty Industries Inc (AII)	$29.17 Million	-31.05%	4.18x	$4.73 Billion
Aldebaran Resources Inc (ALDE)	$1.00	0.00%	0.00x	$332.39 Million

About Oceanic Iron Ore Corp

V:FEO Canada Other Industrial Metals & Mining

Market Cap

$89.63 Million

CA$123.90 Million CAD

Market Cap Rank

#19611 Global

#665 in Canada

Share Price

CA$0.81

Change (1 day)

-4.71%

52-Week Range

CA$0.18 - CA$1.04

All Time High

CA$1.04