Oceanic Iron Ore Corp Net Assets
Oceanic Iron Ore Corp net assets. 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 ≈ $42.64 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore FEO net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-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 |
Net Assets of Oceanic Iron Ore Corp (2011–2024)
Net assets of Oceanic Iron Ore Corp from 2011 to 2024. This chart illustrates how Oceanic Iron Ore Corp's net assets have evolved over time, based on quarterly financial data. See Oceanic Iron Ore Corp balance sheet independence to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see Oceanic Iron Ore Corp (FEO) total market value.
| 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.
Oceanic Iron Ore Corp Net Assets Breakdown (December 2024)
Oceanic Iron Ore Corp net assets breakdown by equity component as of 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 |
|---|---|
|
Jinhui Shipping and Transportation Limited
F:J4O
|
$67.52 Million |
|
CarParts.Com Inc
NASDAQ:PRTS
|
$67.54 Million |
|
GIIR Inc
KO:035000
|
$67.55 Million |
|
mPLUS Corp
KQ:259630
|
$67.61 Million |
|
ALM Equity AB (publ)
ST:ALM
|
$67.49 Million |
|
Apex Science & Engineering Corp
TW:3052
|
$67.48 Million |
|
Gateway Real Estate AG
XETRA:GTY
|
$67.47 Million |
|
Sparebank 68 Grader Nord
OL:SB68
|
$67.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oceanic Iron Ore Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,831,345 to 36,078,679, a change of -3,752,666 (-9.4%).
- Net loss of 4,677,584 reduced equity.
- Other factors increased equity by 924,918.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 1.93x
- 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 0.77x to 1.93x 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$0.61 | x |
| 2017-12-31 | CA$0.60 | CA$0.61 | x |
| 2019-12-31 | CA$0.44 | CA$0.61 | x |
| 2020-12-31 | CA$0.39 | CA$0.61 | x |
| 2021-12-31 | CA$0.41 | CA$0.61 | x |
| 2022-12-31 | CA$0.39 | CA$0.61 | x |
| 2023-12-31 | CA$0.37 | CA$0.61 | x |
| 2024-12-31 | CA$0.32 | CA$0.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oceanic Iron Ore Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.28x
- Recent ROE (-12.96%) is below the historical average (-4.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -12.89% | 0.00% | 0.00x | 1.14x | CA$-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: $20,486,864
- Average return on equity (ROE) among peers: -11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oceanic Iron Ore Corp (FEO) | CA$-12.50 Million | -12.89% | N/A | $67.50 Million |
| Aftermath Silver Ltd (AAG) | $-553.76K | 0.00% | 0.00x | $113.94 Million |
| Aton Resources Inc (AAN) | $-9.99 Million | 0.00% | 0.00x | $31.35 Million |
| Arbor Metals Corp (ABR) | $-81.69K | 0.00% | 0.00x | $4.10 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $1.82 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $61.24 Million |
| Alphamin Res (AFM) | $174.59 Million | 2.85% | 0.82x | $1.16 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $128.73 Million |
| Amarc Resources Ltd. (AHR) | $5.20 Million | -41.43% | 0.02x | $165.20 Million |
| Almonty Industries Inc (AII) | $45.62 Million | -18.06% | 2.51x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $-11.72 Million | 0.00% | 0.00x | $470.67 Million |
About Oceanic Iron Ore Corp
Oceanic Iron Ore Corp., an exploration stage company, engages in the acquisition and exploration of iron ore properties in Québec, Canada. It holds a 100% interest in the Ungava Bay iron property comprising three project areas, including Hopes Advance, Morgan Lake, and Roberts Lake with 861 claim cells covering an area of approximately 36,040 hectares of iron formation located in Nunavik, Quebec.… Read more