Highbank Resources Ltd. (HBK) - Net Assets
Based on the latest financial reports, Highbank Resources Ltd. (HBK) has net assets worth CA$-12.62 Million CAD (≈ $-9.13 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$372.27K ≈ $269.29K USD) and total liabilities (CA$12.99 Million ≈ $9.40 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Highbank Resources Ltd. strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-12.62 Million |
| % of Total Assets | -3389.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | -7309.34% |
| 10-Year Change | -366.62% |
| Growth Volatility | 498.08 |
Highbank Resources Ltd. - Net Assets Trend (2013–2023)
This chart illustrates how Highbank Resources Ltd.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Highbank Resources Ltd. stock valuation.
Annual Net Assets for Highbank Resources Ltd. (2013–2023)
The table below shows the annual net assets of Highbank Resources Ltd. from 2013 to 2023. Also explore HBK year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$-12.17 Million ≈ $-8.80 Million |
-15.54% |
| 2022-12-31 | CA$-10.53 Million ≈ $-7.62 Million |
-11.34% |
| 2021-12-31 | CA$-9.46 Million ≈ $-6.84 Million |
-323.96% |
| 2020-12-31 | CA$-2.23 Million ≈ $-1.61 Million |
-1421.82% |
| 2019-12-31 | CA$168.77K ≈ $122.08K |
-94.46% |
| 2018-12-31 | CA$3.05 Million ≈ $2.21 Million |
-28.75% |
| 2017-12-31 | CA$4.28 Million ≈ $3.10 Million |
+7.14% |
| 2016-12-31 | CA$3.99 Million ≈ $2.89 Million |
+2.56% |
| 2015-12-31 | CA$3.89 Million ≈ $2.82 Million |
-14.67% |
| 2014-12-31 | CA$4.56 Million ≈ $3.30 Million |
+92.31% |
| 2013-12-31 | CA$2.37 Million ≈ $1.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Highbank 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 2107101000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$19.14 Million | % |
| Total Equity | CA$-12.17 Million | 100.00% |
Highbank Resources Ltd. Competitors by Market Cap
The table below lists competitors of Highbank Resources Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SysGroup PLC
LSE:SYS
|
$259.77K |
|
Robinson plc
LSE:RBN
|
$259.90K |
|
VEGANO FOODS INC.
F:P0D0
|
$261.07K |
|
CANDELARIA MINING CORP
F:29LN
|
$262.83K |
|
Portmeirion Group
LSE:PMGR
|
$254.09K |
|
CERTIVE SOLUTIONS INC.
F:5CE
|
$253.72K |
|
VEOM Group S.A.
PA:ALVG
|
$253.71K |
|
Cadence Minerals PLC
LSE:KDNC
|
$251.48K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highbank Resources Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -10,530,391 to -12,167,056, a change of -1,636,665.
- Net loss of 1,670,415 reduced equity.
- Other factors increased equity by 33,750.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.67 Million | -13.73% |
| Other Changes | CA$33.75K | +0.28% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Highbank 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 |
|---|---|---|---|
| 2017-12-31 | CA$0.03 | CA$0.02 | x |
| 2018-12-31 | CA$0.02 | CA$0.02 | x |
| 2019-12-31 | CA$0.00 | CA$0.02 | x |
| 2020-12-31 | CA$-0.02 | CA$0.02 | x |
| 2021-12-31 | CA$-0.07 | CA$0.02 | x |
| 2022-12-31 | CA$-0.48 | CA$0.02 | x |
| 2023-12-31 | CA$-0.53 | CA$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highbank Resources Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-172.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -20.17% | 0.00% | 0.00x | 1.08x | CA$-716.02K |
| 2014 | -32.37% | 0.00% | 0.00x | 2.01x | CA$-1.93 Million |
| 2015 | -37.34% | 0.00% | 0.00x | 2.70x | CA$-1.84 Million |
| 2016 | -28.13% | 0.00% | 0.00x | 2.68x | CA$-1.52 Million |
| 2017 | -22.69% | 0.00% | 0.00x | 2.61x | CA$-1.40 Million |
| 2018 | -49.50% | 0.00% | 0.00x | 3.71x | CA$-1.81 Million |
| 2019 | -1706.26% | 0.00% | 0.00x | 57.52x | CA$-2.90 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.24 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-7.49 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-434.71K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-453.71K |
Industry Comparison
This section compares Highbank 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: $43,104,495
- Average return on equity (ROE) among peers: -38.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highbank Resources Ltd. (HBK) | CA$-12.62 Million | -20.17% | N/A | $254.10K |
| Aftermath Silver Ltd (AAG) | $18.53 Million | -54.22% | 0.52x | $158.16 Million |
| Aton Resources Inc (AAN) | $-272.49K | 0.00% | 0.00x | $45.18 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $5.80 Million |
| Asiabasemetals Inc (ABZ) | $387.59K | -126.62% | 0.11x | $2.18 Million |
| Adex Mining Inc (ADE) | $13.66 Million | -11.99% | 0.07x | $51.44 Million |
| Alphamin Res (AFM) | $1.03 Million | -71.86% | 0.17x | $1.27 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $17.22 Million | -43.99% | 0.06x | $159.91 Million |
| Almonty Industries Inc (AII) | $357.81 Million | -45.25% | 0.65x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $368.29 Million |
About Highbank Resources Ltd.
Highbank Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily mines for sand and gravel resources. The company holds interest in the Swamp Point North sand and gravel quarry located in Portland Canal, British Columbia. It also holds an option agreement to acquire Terra Nova property located in Newfoundland and Labrador. Highbank Res… Read more