Metal Energy Corp (MERG) - Net Assets
Based on the latest financial reports, Metal Energy Corp (MERG) has net assets worth CA$-3.52 Million CAD (≈ $-2.55 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$579.56K ≈ $419.25K USD) and total liabilities (CA$4.10 Million ≈ $2.97 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Metal Energy Corp balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-3.52 Million |
| % of Total Assets | -607.84% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 111.45 |
Metal Energy Corp - Net Assets Trend (2021–2024)
This chart illustrates how Metal Energy Corp's net assets have evolved over time, based on quarterly financial data. Also explore Metal Energy Corp total assets for the complete picture of this company's asset base.
Annual Net Assets for Metal Energy Corp (2021–2024)
The table below shows the annual net assets of Metal Energy Corp from 2021 to 2024. For live valuation and market cap data, see MERG company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-3.15 Million ≈ $-2.28 Million |
-278.97% |
| 2023-12-31 | CA$1.76 Million ≈ $1.27 Million |
-26.98% |
| 2022-12-31 | CA$2.41 Million ≈ $1.74 Million |
-62.03% |
| 2021-12-31 | CA$6.34 Million ≈ $4.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Metal Energy 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 1260299400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$12.47 Million | % |
| Total Equity | CA$-3.15 Million | 100.00% |
Metal Energy Corp Competitors by Market Cap
The table below lists competitors of Metal Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coats Group PLC
LSE:COA
|
$19.60 Million |
|
PJX Resources Inc
V:PJX
|
$19.61 Million |
|
Seven Principles AG
XETRA:T3T1
|
$19.61 Million |
|
YX Precious Metals Bhd
KLSE:0250
|
$19.62 Million |
|
Parkway Corporate Ltd
AU:PWN
|
$19.59 Million |
|
Mene Inc
V:MENE
|
$19.59 Million |
|
Aqua Corporation Public Company Limited
BK:AQUA
|
$19.59 Million |
|
Equippp Social Impact Technologies Limited
NSE:EQUIPPP
|
$19.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metal Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,759,052 to -3,148,093, a change of -4,907,145 (-279.0%).
- Net loss of 6,155,105 reduced equity.
- New share issuances of 964,157 increased equity.
- Other factors increased equity by 283,803.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.16 Million | -195.52% |
| Share Issuances | CA$964.16K | +30.63% |
| Other Changes | CA$283.80K | +9.02% |
| Total Change | CA$- | -278.97% |
Book Value vs Market Value Analysis
This analysis compares Metal Energy 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.08 | CA$0.93 | x |
| 2022-12-31 | CA$0.03 | CA$0.93 | x |
| 2023-12-31 | CA$0.02 | CA$0.93 | x |
| 2024-12-31 | CA$-0.02 | CA$0.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metal Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-85.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -47.56% | 0.00% | 0.00x | 1.11x | CA$-3.65 Million |
| 2022 | -198.18% | 0.00% | 0.00x | 1.31x | CA$-5.01 Million |
| 2023 | -95.16% | 0.00% | 0.00x | 1.05x | CA$-1.85 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-5.84 Million |
Industry Comparison
This section compares Metal Energy 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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metal Energy Corp (MERG) | CA$-3.52 Million | -47.56% | N/A | $19.60 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $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) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Metal Energy Corp
Metal Energy Corp. engages in the acquisition and exploration of mineral properties in Canada. It explores for lithium, nickel, copper, and cobalt deposits, as well as platinum group elements. The company holds interests in the Manibridge project that covers an area of approximately 4,368 hectares located in the Thompson Nickel Belt of Manitoba; and the Highland Valley Copper project situated in … Read more