Falcon Oil & Gas Ltd. (FO) - Net Assets

Latest as of March 2026: CA$40.82 Million CAD ≈ $29.53 Million USD

Based on the latest financial reports, Falcon Oil & Gas Ltd. (FO) has net assets worth CA$40.82 Million CAD (≈ $29.53 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$62.26 Million ≈ $45.04 Million USD) and total liabilities (CA$21.44 Million ≈ $15.51 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 FO goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$40.82 Million
% of Total Assets	65.56%
Annual Growth Rate	18.48%
5-Year Change	7.17%
10-Year Change	1.18%
Growth Volatility	4055.83

Falcon Oil & Gas Ltd. - Net Assets Trend (1996–2025)

This chart illustrates how Falcon Oil & Gas Ltd.'s net assets have evolved over time, based on quarterly financial data. See FO defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Falcon Oil & Gas Ltd. (1996–2025)

The table below shows the annual net assets of Falcon Oil & Gas Ltd. from 1996 to 2025. For live valuation and market cap data, see market value of Falcon Oil & Gas Ltd..

Year	Net Assets	Change
2025-12-31	CA$42.07 Million ≈ $30.43 Million	-5.81%
2024-12-31	CA$44.66 Million ≈ $32.31 Million	+3.87%
2023-12-31	CA$43.00 Million ≈ $31.10 Million	-6.57%
2022-12-31	CA$46.02 Million ≈ $33.29 Million	+17.24%
2021-12-31	CA$39.26 Million ≈ $28.40 Million	-8.22%
2020-12-31	CA$42.77 Million ≈ $30.94 Million	-4.10%
2019-12-31	CA$44.60 Million ≈ $32.26 Million	+17.70%
2018-12-31	CA$37.90 Million ≈ $27.41 Million	-2.79%
2017-12-31	CA$38.98 Million ≈ $28.20 Million	-6.24%
2016-12-31	CA$41.58 Million ≈ $30.08 Million	-5.36%
2015-12-31	CA$43.93 Million ≈ $31.78 Million	+0.13%
2014-12-31	CA$43.88 Million ≈ $31.74 Million	-41.84%
2013-12-31	CA$75.45 Million ≈ $54.58 Million	+30.54%
2012-12-31	CA$57.80 Million ≈ $41.81 Million	-20.80%
2011-12-31	CA$72.98 Million ≈ $52.79 Million	-26.20%
2010-12-31	CA$98.89 Million ≈ $71.53 Million	-57.04%
2009-12-31	CA$230.18 Million ≈ $166.51 Million	-18.14%
2008-12-31	CA$281.19 Million ≈ $203.41 Million	-2.39%
2007-12-31	CA$288.08 Million ≈ $208.39 Million	+10.80%
2006-12-31	CA$260.01 Million ≈ $188.08 Million	+584.11%
2005-12-31	CA$38.01 Million ≈ $27.49 Million	+21472.50%
2003-12-31	CA$176.18K ≈ $127.45K	-34.65%
2002-12-31	CA$269.58K ≈ $195.01K	+1822.02%
2001-12-31	CA$14.03K ≈ $10.15K	+159.02%
2000-12-31	CA$5.42K ≈ $3.92K	-91.86%
1999-12-31	CA$66.55K ≈ $48.14K	+6748.15%
1998-12-31	CA$-1.00K ≈ $-724.11	-101.31%
1997-12-31	CA$76.43K ≈ $55.29K	-75.20%
1996-12-31	CA$308.19K ≈ $222.94K	--

Equity Component Analysis

This analysis shows how different components contribute to Falcon Oil & Gas 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 41143108700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CA$454.13 Million	1097.25%
Total Equity	CA$41.39 Million	100.00%

Falcon Oil & Gas Ltd. Competitors by Market Cap

The table below lists competitors of Falcon Oil & Gas Ltd. ranked by their market capitalization.

Company	Market Cap
Sagar Cements Limited NSE:SAGCEM	$248.76 Million
MFS Multimarket Income Trust NYSE:MMT	$248.81 Million
Lewis Group Limited JSE:LEW	$248.81 Million
Shining Building Business Co Ltd TW:5531	$248.86 Million
PT Estee Gold Feet Tbk JK:EURO	$248.67 Million
Rajratan Global Wire Limited NSE:RAJRATAN	$248.56 Million
First Insurance Co Ltd TW:2852	$248.50 Million
The Korea Fund Inc F:KOF1	$248.44 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Falcon Oil & Gas Ltd.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 43,975,000 to 41,388,000, a change of -2,587,000 (-5.9%).
Net loss of 2,587,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-2.59 Million	-6.25%
Total Change	CA$-	-5.88%

Book Value vs Market Value Analysis

This analysis compares Falcon Oil & Gas 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

Current price-to-book ratio: 8.31x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 0.22x to 8.31x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1996-12-31	CA$1.43	CA$0.31	x
1997-12-31	CA$0.05	CA$0.31	x
1998-12-31	CA$0.00	CA$0.31	x
1999-12-31	CA$0.04	CA$0.31	x
2000-12-31	CA$0.00	CA$0.31	x
2001-12-31	CA$0.01	CA$0.31	x
2002-12-31	CA$0.06	CA$0.31	x
2003-12-31	CA$0.03	CA$0.31	x
2005-12-31	CA$0.14	CA$0.31	x
2006-12-31	CA$0.64	CA$0.31	x
2007-12-31	CA$0.62	CA$0.31	x
2008-12-31	CA$0.50	CA$0.31	x
2009-12-31	CA$0.38	CA$0.31	x
2010-12-31	CA$0.11	CA$0.31	x
2011-12-31	CA$0.09	CA$0.31	x
2012-12-31	CA$0.07	CA$0.31	x
2013-12-31	CA$0.09	CA$0.31	x
2014-12-31	CA$0.05	CA$0.31	x
2015-12-31	CA$0.05	CA$0.31	x
2016-12-31	CA$0.04	CA$0.31	x
2017-12-31	CA$0.04	CA$0.31	x
2018-12-31	CA$0.04	CA$0.31	x
2019-12-31	CA$0.05	CA$0.31	x
2020-12-31	CA$0.04	CA$0.31	x
2021-12-31	CA$0.04	CA$0.31	x
2022-12-31	CA$0.04	CA$0.31	x
2023-12-31	CA$0.04	CA$0.31	x
2024-12-31	CA$0.04	CA$0.31	x
2025-12-31	CA$0.04	CA$0.31	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Falcon Oil & Gas 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): -6.25%
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: 1.48x
Recent ROE (-6.25%) is above the historical average (-77.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1996	-55.45%	-117858.62%	0.00x	1.04x	CA$-201.71K
1997	-281.19%	-15686204.38%	0.00x	1.08x	CA$-222.54K
1998	0.00%	-10566397.06%	0.00x	0.00x	CA$-143.60K
1999	-99.36%	-4934552.24%	0.00x	1.09x	CA$-72.78K
2000	-1096.10%	-4565692.31%	0.00x	2.37x	CA$-59.90K
2001	-171.97%	0.00%	0.00x	1.86x	CA$-25.52K
2002	-4.33%	-30.23%	0.13x	1.10x	CA$-38.63K
2003	-53.70%	-104.61%	0.39x	1.32x	CA$-112.23K
2005	-10.94%	-3210.16%	0.00x	1.23x	CA$-7.96 Million
2006	-7.79%	-24503.30%	0.00x	1.10x	CA$-46.26 Million
2007	-4.46%	-6193.44%	0.00x	1.07x	CA$-41.65 Million
2008	-12.77%	-59851.67%	0.00x	1.08x	CA$-64.03 Million
2009	-27.77%	-92649.28%	0.00x	1.06x	CA$-86.95 Million
2010	-172.31%	-538271.43%	0.00x	1.32x	CA$-159.46 Million
2011	-55.90%	-104730.30%	0.00x	1.54x	CA$-40.74 Million
2012	-37.18%	-83052.38%	0.00x	1.83x	CA$-22.13 Million
2013	-4.57%	-20064.71%	0.00x	1.20x	CA$-10.88 Million
2014	-73.54%	-122092.31%	0.00x	1.28x	CA$-36.06 Million
2015	-0.45%	-2757.14%	0.00x	1.27x	CA$-4.52 Million
2016	-9.02%	-61450.00%	0.00x	1.28x	CA$-7.77 Million
2017	-10.43%	-57057.14%	0.00x	1.34x	CA$-7.82 Million
2018	-3.71%	-9206.67%	0.00x	1.32x	CA$-5.10 Million
2019	-2.78%	-24380.00%	0.00x	1.27x	CA$-5.61 Million
2020	-4.35%	-36600.00%	0.00x	1.28x	CA$-6.04 Million
2021	-12.83%	-247400.00%	0.00x	1.33x	CA$-8.80 Million
2022	-8.20%	0.00%	0.00x	1.37x	CA$-8.25 Million
2023	-7.89%	0.00%	0.00x	1.45x	CA$-7.57 Million
2024	-6.73%	0.00%	0.00x	1.42x	CA$-7.36 Million
2025	-6.25%	0.00%	0.00x	1.48x	CA$-6.73 Million

Industry Comparison

This section compares Falcon Oil & Gas Ltd.'s net assets metrics with peer companies in the Oil & Gas E&P industry.

Industry Context

Industry: Oil & Gas E&P
Average net assets among peers: $468,854,611
Average return on equity (ROE) among peers: -17.80%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Falcon Oil & Gas Ltd. (FO)	CA$40.82 Million	-55.45%	0.53x	$248.72 Million
Advantage Oil & Gas Ltd. (AAV)	$1.56 Billion	21.64%	0.42x	$1.17 Billion
Africa Energy Corp (AFE)	$265.56 Million	18.32%	0.01x	$67.59 Million
Alvopetro Energy (ALV)	$95.37 Million	24.22%	0.47x	$235.69 Million
Africa Oil Corp (AOI)	$24.87 Million	-14.72%	0.42x	$820.85 Million
Altima Resources Ltd (ARH)	$19.56 Million	-8.72%	0.40x	$19.37 Million
ARC Resources Ltd. (ARX)	$2.10 Billion	25.38%	0.79x	$12.87 Billion
Athabasca Oil Corp (ATH)	$567.02 Million	-127.10%	1.51x	$3.78 Billion
Altai Resources Inc. (ATI)	$22.21 Million	-2.68%	0.02x	$1.12 Million
Avanti Energy Inc (AVN)	$2.38 Million	-86.78%	0.06x	$24.04 Million
Arrow Exploration Corp (AXL)	$27.18 Million	-27.59%	0.08x	$102.36 Million

About Falcon Oil & Gas Ltd.

V:FO Canada Oil & Gas E&P

Market Cap

$248.72 Million

CA$343.83 Million CAD

Market Cap Rank

#15776 Global

#475 in Canada

Share Price

CA$0.31

Change (1 day)

-3.13%

52-Week Range

CA$0.11 - CA$0.41

All Time High

CA$0.48