First Helium Inc (HELI) - Net Assets
Based on the latest financial reports, First Helium Inc (HELI) has net assets worth CA$11.60 Million CAD (≈ $8.39 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$15.62 Million ≈ $11.30 Million USD) and total liabilities (CA$4.02 Million ≈ $2.91 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. Read First Helium Inc (HELI) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$11.60 Million |
| % of Total Assets | 74.24% |
| Annual Growth Rate | 77.0% |
| 5-Year Change | -3.21% |
| 10-Year Change | N/A |
| Growth Volatility | 677.35 |
First Helium Inc - Net Assets Trend (2020–2025)
This chart illustrates how First Helium Inc's net assets have evolved over time, based on quarterly financial data. Also explore First Helium Inc (HELI) total assets for the complete picture of this company's asset base.
Annual Net Assets for First Helium Inc (2020–2025)
The table below shows the annual net assets of First Helium Inc from 2020 to 2025. For live valuation and market cap data, see how much is First Helium Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$11.52 Million ≈ $8.33 Million |
-15.50% |
| 2024-03-31 | CA$13.63 Million ≈ $9.86 Million |
-4.53% |
| 2023-03-31 | CA$14.28 Million ≈ $10.33 Million |
-14.77% |
| 2022-03-31 | CA$16.76 Million ≈ $12.12 Million |
+40.77% |
| 2021-03-31 | CA$11.90 Million ≈ $8.61 Million |
+1694.07% |
| 2020-03-31 | CA$663.48K ≈ $479.95K |
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Equity Component Analysis
This analysis shows how different components contribute to First Helium 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 1786373200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$30.51 Million | 264.80% |
| Total Equity | CA$11.52 Million | 100.00% |
First Helium Inc Competitors by Market Cap
The table below lists competitors of First Helium Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asuransi Bina Dana Arta Tbk
JK:ABDA
|
$5.35 Million |
|
TARGETSPOT S.A. EO 1
F:6YW
|
$5.35 Million |
|
Avada Group Ltd
AU:AVD
|
$5.35 Million |
|
Dongil Steel Co. Ltd
KQ:023790
|
$5.36 Million |
|
Roolife Group Ltd
AU:RLG
|
$5.34 Million |
|
Versus Systems Inc
NASDAQ:VS
|
$5.34 Million |
|
Brera Holdings PLC Class B Ordinary Shares
NASDAQ:BREA
|
$5.34 Million |
|
Liminatus Pharma, Inc. Class A Common Stock
NASDAQ:LIMN
|
$5.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Helium Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,634,277 to 11,521,364, a change of -2,112,913 (-15.5%).
- Net loss of 6,745,755 reduced equity.
- New share issuances of 4,530,850 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.75 Million | -58.55% |
| Share Issuances | CA$4.53 Million | +39.33% |
| Other Changes | CA$101.99K | +0.89% |
| Total Change | CA$- | -15.50% |
Book Value vs Market Value Analysis
This analysis compares First Helium 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: 0.84x
- 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.
- The price-to-book ratio has decreased from 4.45x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | CA$0.01 | CA$0.05 | x |
| 2021-03-31 | CA$0.18 | CA$0.05 | x |
| 2022-03-31 | CA$0.23 | CA$0.05 | x |
| 2023-03-31 | CA$0.16 | CA$0.05 | x |
| 2024-03-31 | CA$0.16 | CA$0.05 | x |
| 2025-03-31 | CA$0.05 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Helium Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -58.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2302.31%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 1.45x
- Recent ROE (-58.55%) is below the historical average (-37.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -84.45% | 0.00% | 0.00x | 3.25x | CA$-626.64K |
| 2021 | -4.40% | 0.00% | 0.00x | 1.33x | CA$-1.71 Million |
| 2022 | -2.78% | -13.05% | 0.18x | 1.21x | CA$-2.14 Million |
| 2023 | -48.55% | -84.37% | 0.48x | 1.20x | CA$-8.36 Million |
| 2024 | -23.44% | -282.59% | 0.07x | 1.19x | CA$-4.56 Million |
| 2025 | -58.55% | -2302.31% | 0.02x | 1.45x | CA$-7.90 Million |
Industry Comparison
This section compares First Helium Inc's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $724,009,500
- Average return on equity (ROE) among peers: 9.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Helium Inc (HELI) | CA$11.60 Million | -84.45% | 0.35x | $5.35 Million |
| Chemtrade Logistics Income Fund (CHE-UN) | $308.42 Million | 1.77% | 2.08x | $1.45 Billion |
| Methanex Corporation (MX) | $1.14 Billion | 17.56% | 0.56x | $4.89 Billion |
About First Helium Inc
First Helium Inc. engages in the acquisition, exploration, development, and production of helium, petroleum, and natural gas property interests in Alberta, Canada. The company holds a 100% interest in the Worsley Property project covering an area of 53000 acres located in the Worsley Trend, Northern Alberta. First Helium Inc. was incorporated in 2016 and is headquartered in Calgary, Canada.