Lithium South Development Corp (LIS) - Net Assets
Based on the latest financial reports, Lithium South Development Corp (LIS) has net assets worth CA$11.41 Million CAD (≈ $8.26 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$12.61 Million ≈ $9.12 Million USD) and total liabilities (CA$1.20 Million ≈ $867.73K 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 Lithium South Development Corp (LIS) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$11.41 Million |
| % of Total Assets | 90.49% |
| Annual Growth Rate | 28.74% |
| 5-Year Change | 214.77% |
| 10-Year Change | N/A |
| Growth Volatility | 230.81 |
Lithium South Development Corp - Net Assets Trend (2016–2024)
This chart illustrates how Lithium South Development Corp's net assets have evolved over time, based on quarterly financial data. Also explore LIS asset base for the complete picture of this company's asset base.
Annual Net Assets for Lithium South Development Corp (2016–2024)
The table below shows the annual net assets of Lithium South Development Corp from 2016 to 2024. For live valuation and market cap data, see Lithium South Development Corp (LIS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$11.92 Million ≈ $8.62 Million |
-11.65% |
| 2023-12-31 | CA$13.49 Million ≈ $9.76 Million |
-35.40% |
| 2022-12-31 | CA$20.89 Million ≈ $15.11 Million |
-18.12% |
| 2021-12-31 | CA$25.51 Million ≈ $18.45 Million |
+573.51% |
| 2020-12-31 | CA$3.79 Million ≈ $2.74 Million |
+387.88% |
| 2019-12-31 | CA$776.30K ≈ $561.56K |
-45.00% |
| 2018-12-31 | CA$1.41 Million ≈ $1.02 Million |
-76.08% |
| 2017-12-31 | CA$5.90 Million ≈ $4.27 Million |
+273.31% |
| 2016-12-31 | CA$1.58 Million ≈ $1.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lithium South Development 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 4916678400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$88.70 Million | 744.06% |
| Total Equity | CA$11.92 Million | 100.00% |
Lithium South Development Corp Competitors by Market Cap
The table below lists competitors of Lithium South Development Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MeVis Medical Solutions AG
XETRA:M3V
|
$45.14 Million |
|
Texas Community Bancshares Inc
NASDAQ:TCBS
|
$45.15 Million |
|
Loyal Metals Ltd
AU:LLM
|
$45.19 Million |
|
HCT Co. Ltd
KQ:072990
|
$45.19 Million |
|
Casing Macron Technology Co Ltd
TWO:3325
|
$45.12 Million |
|
Walkabout Resources Ltd
AU:WKT
|
$45.12 Million |
|
Fangdd Network Group Ltd
NASDAQ:DUO
|
$45.10 Million |
|
Beijing JIAYU Door Window Curtain
SHE:300117
|
$45.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lithium South Development Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,493,884 to 11,921,648, a change of -1,572,236 (-11.7%).
- Net loss of 5,286,414 reduced equity.
- New share issuances of 3,700,528 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.29 Million | -44.34% |
| Share Issuances | CA$3.70 Million | +31.04% |
| Other Changes | CA$13.65K | +0.11% |
| Total Change | CA$- | -11.65% |
Book Value vs Market Value Analysis
This analysis compares Lithium South Development 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: 4.53x
- 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 0.35x to 4.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$1.39 | CA$0.49 | x |
| 2018-12-31 | CA$0.25 | CA$0.49 | x |
| 2019-12-31 | CA$0.11 | CA$0.49 | x |
| 2020-12-31 | CA$0.14 | CA$0.49 | x |
| 2021-12-31 | CA$0.28 | CA$0.49 | x |
| 2022-12-31 | CA$0.22 | CA$0.49 | x |
| 2023-12-31 | CA$0.14 | CA$0.49 | x |
| 2024-12-31 | CA$0.11 | CA$0.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lithium South Development Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -44.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.09x
- Recent ROE (-44.34%) is above the historical average (-120.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -100.57% | 0.00% | 0.00x | 1.32x | CA$-1.75 Million |
| 2017 | 43.51% | 0.00% | 0.00x | 1.09x | CA$1.98 Million |
| 2018 | -549.65% | 0.00% | 0.00x | 1.39x | CA$-7.90 Million |
| 2019 | -217.95% | 0.00% | 0.00x | 4.08x | CA$-1.77 Million |
| 2020 | -78.85% | 0.00% | 0.00x | 1.38x | CA$-3.37 Million |
| 2021 | -31.53% | 0.00% | 0.00x | 1.00x | CA$-10.59 Million |
| 2022 | -43.95% | 0.00% | 0.00x | 1.02x | CA$-11.27 Million |
| 2023 | -62.71% | 0.00% | 0.00x | 1.04x | CA$-9.81 Million |
| 2024 | -44.34% | 0.00% | 0.00x | 1.09x | CA$-6.48 Million |
Industry Comparison
This section compares Lithium South Development 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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lithium South Development Corp (LIS) | CA$11.41 Million | -100.57% | 0.11x | $45.13 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Lithium South Development Corp
Lithium South Development Corporation, an exploration stage junior mining company, engages in the identification, acquisition, and exploration of mineral properties in Argentina. Its flagship property is the Hombre Muerto North lithium brine project consist of nine mining concessions that covers approximately an area of 5,687 hectares located in the Salta Province, Argentina. The company was form… Read more