Metal Energy Corp Net Assets
Metal Energy Corp 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 ≈ $2.97 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore MERG net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-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 |
Net Assets of Metal Energy Corp (2021–2024)
Net assets of Metal Energy Corp from 2021 to 2024. This chart illustrates how Metal Energy Corp's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Metal Energy Corp to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see Metal Energy Corp (MERG) market capitalisation.
| 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.
Metal Energy Corp Net Assets Breakdown (December 2024)
Metal Energy Corp net assets breakdown by equity component as of 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 |
|---|---|
|
Mg Internation
PA:ALMGI
|
$13.42 Million |
|
Lena Lighting S.A.
WAR:LEN
|
$13.42 Million |
|
VOGO SA
PA:ALVGO
|
$13.44 Million |
|
Yuyu Pharma Inc
KO:000225
|
$13.44 Million |
|
NanoCMS Co. Ltd.
KQ:247660
|
$13.41 Million |
|
Destinasi Tirta Nusantara Tbk
JK:PDES
|
$13.41 Million |
|
Chibougamau Independent Mines Inc
V:CBG
|
$13.40 Million |
|
Talius Group Ltd.
AU:TAL
|
$13.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Metal Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,759,052 to -3,148,093, a change of -4,907,145 (-279.0%).
- Net loss of 6,155,105 reduced equity.
- New share issuances of 964,157 increased equity.
- Other factors increased equity by 283,803.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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$0.40 | x |
| 2022-12-31 | CA$0.03 | CA$0.40 | x |
| 2023-12-31 | CA$0.02 | CA$0.40 | x |
| 2024-12-31 | CA$-0.02 | CA$0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Metal Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-85.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -47.56% | 0.00% | 0.00x | 1.11x | CA$-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: $55,967,750
- Average return on equity (ROE) among peers: -20.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Metal Energy Corp (MERG) | CA$-3.52 Million | -47.56% | N/A | $13.41 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $98.74 Million |
| Aton Resources Inc (AAN) | $-460.93K | 0.00% | 0.00x | $30.43 Million |
| Arbor Metals Corp (ABR) | $700.32K | -22.12% | 0.03x | $3.75 Million |
| Asiabasemetals Inc (ABZ) | $-820.83K | 0.00% | 0.00x | $1.82 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $390.07 Million | 25.84% | 0.48x | $1.16 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $130.65 Million |
| Amarc Resources Ltd. (AHR) | $4.65 Million | -88.11% | 0.01x | $166.98 Million |
| Almonty Industries Inc (AII) | $39.07 Million | -41.71% | 5.56x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $64.26 Million | -0.85% | 0.01x | $440.09 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