Longhorn Exploration Corp
PureWave Hydrogen Corp., an exploration stage company, engages in the acquisition and exploration of natural hydrogen and mineral properties in Canada and the United States. It primarily explores for hydrogen, copper, and gold deposits, as well as precious metals. The company holds interests in five natural hydrogen lease agreements covering an area of approximately 829.20 acres located in Kansas… Read more
Longhorn Exploration Corp (LEX) - Net Assets
Latest net assets as of May 2024: CA$719.33K CAD
Based on the latest financial reports, Longhorn Exploration Corp (LEX) has net assets worth CA$719.33K CAD as of May 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$721.36K) and total liabilities (CA$2.03K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$719.33K |
| % of Total Assets | 99.72% |
| Annual Growth Rate | 78.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 140.16 |
Longhorn Exploration Corp - Net Assets Trend (2021–2023)
This chart illustrates how Longhorn Exploration Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Longhorn Exploration Corp (2021–2023)
The table below shows the annual net assets of Longhorn Exploration Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-08-31 | CA$585.76K | -12.88% |
| 2022-08-31 | CA$672.32K | +267.44% |
| 2021-08-31 | CA$182.98K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Longhorn Exploration 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 23882500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$845.61K | 144.36% |
| Total Equity | CA$585.76K | 100.00% |
Longhorn Exploration Corp Competitors by Market Cap
The table below lists competitors of Longhorn Exploration Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hammer Fiber Optics Holdings Corp
PINK:HMMR
|
$1.88 Million |
|
Hybrid Financial Services Limited
NSE:HYBRIDFIN
|
$1.88 Million |
|
Radana Bhaskara Finance Tbk
JK:HDFA
|
$1.88 Million |
|
Jayud Global Logistics Limited Class A Ordinary Shares
NASDAQ:JYD
|
$1.88 Million |
|
SQX Resources Ltd
AU:SQX
|
$1.87 Million |
|
Rich Goldman Holdings Limited
F:MRU3
|
$1.87 Million |
|
Archies Limited
NSE:ARCHIES
|
$1.87 Million |
|
Zelira Therapeutics Limited
OTCQB:ZLDAF
|
$1.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Longhorn Exploration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 672,321 to 585,757, a change of -86,564 (-12.9%).
- Net loss of 186,240 reduced equity.
- Other factors increased equity by 99,676.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-186.24K | -31.79% |
| Other Changes | CA$99.68K | +17.02% |
| Total Change | CA$- | -12.88% |
Book Value vs Market Value Analysis
This analysis compares Longhorn Exploration 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: 3.17x
- 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 decreased from 6.13x to 3.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-08-31 | CA$0.04 | CA$0.22 | x |
| 2022-08-31 | CA$0.08 | CA$0.22 | x |
| 2023-08-31 | CA$0.07 | CA$0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Longhorn Exploration Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-31.79%) is below the historical average (-22.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -13.77% | 0.00% | 0.00x | 1.04x | CA$-159.82K |
| 2023 | -31.79% | 0.00% | 0.00x | 1.05x | CA$-244.82K |
Industry Comparison
This section compares Longhorn Exploration 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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Longhorn Exploration Corp (LEX) | CA$719.33K | -13.77% | 0.00x | $1.88 Million |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |