Surge Battery Metals Inc (NILI) - Net Assets
Based on the latest financial reports, Surge Battery Metals Inc (NILI) has net assets worth CA$13.02 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.61 Million) and total liabilities (CA$590.00K). 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$13.02 Million |
| % of Total Assets | 95.66% |
| Annual Growth Rate | 36.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 124.45 |
Surge Battery Metals Inc - Net Assets Trend (2017–2024)
This chart illustrates how Surge Battery Metals Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Surge Battery Metals Inc (2017–2024)
The table below shows the annual net assets of Surge Battery Metals Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$11.86 Million | -27.22% |
| 2023-12-31 | CA$16.30 Million | +268.13% |
| 2022-12-31 | CA$4.43 Million | -23.71% |
| 2021-12-31 | CA$5.80 Million | +7768.00% |
| 2020-12-31 | CA$-75.68K | -121.99% |
| 2019-12-31 | CA$344.10K | -61.42% |
| 2018-12-31 | CA$891.88K | -32.80% |
| 2017-12-31 | CA$1.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Surge Battery Metals 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 2815155500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$55.13 Million | 464.76% |
| Total Equity | CA$11.86 Million | 100.00% |
Surge Battery Metals Inc Competitors by Market Cap
The table below lists competitors of Surge Battery Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apontis Pharma AG
XETRA:APPH
|
$91.63 Million |
|
Lakeshore Acquisition III Corp. Ordinary Shares
NASDAQ:LCCC
|
$91.63 Million |
|
ATM Grupa S.A.
WAR:ATG
|
$91.64 Million |
|
Fast Food Indonesia Tbk
JK:FAST
|
$91.65 Million |
|
Thai Plaspac Public Company Limited
BK:TPAC
|
$91.60 Million |
|
Thachang Green Energy PCL
BK:TGE
|
$91.60 Million |
|
PVP Ventures Limited
NSE:PVP
|
$91.55 Million |
|
Gan Ltd
NASDAQ:GAN
|
$91.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Surge Battery Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,299,304 to 11,862,945, a change of -4,436,359 (-27.2%).
- Net loss of 9,846,355 reduced equity.
- Other factors increased equity by 5,409,996.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-9.85 Million | -83.0% |
| Other Changes | CA$5.41 Million | +45.6% |
| Total Change | CA$- | -27.22% |
Book Value vs Market Value Analysis
This analysis compares Surge Battery Metals 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: 8.90x
- 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 2.98x to 8.90x 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$0.22 | CA$0.64 | x |
| 2018-12-31 | CA$0.12 | CA$0.64 | x |
| 2019-12-31 | CA$0.03 | CA$0.64 | x |
| 2020-12-31 | CA$-0.01 | CA$0.64 | x |
| 2021-12-31 | CA$0.06 | CA$0.64 | x |
| 2022-12-31 | CA$0.04 | CA$0.64 | x |
| 2023-12-31 | CA$0.10 | CA$0.64 | x |
| 2024-12-31 | CA$0.07 | CA$0.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Surge Battery Metals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -83.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-83.00%) is above the historical average (-122.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -23.26% | 0.00% | 0.00x | 1.32x | CA$-441.36K |
| 2018 | -256.69% | 0.00% | 0.00x | 1.13x | CA$-2.38 Million |
| 2019 | -458.47% | 0.00% | 0.00x | 1.54x | CA$-1.61 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-375.07K |
| 2021 | -37.10% | 0.00% | 0.00x | 1.05x | CA$-2.73 Million |
| 2022 | -67.14% | 0.00% | 0.00x | 1.05x | CA$-3.42 Million |
| 2023 | -54.78% | 0.00% | 0.00x | 1.01x | CA$-10.56 Million |
| 2024 | -83.00% | 0.00% | 0.00x | 1.03x | CA$-11.03 Million |
Industry Comparison
This section compares Surge Battery Metals Inc'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: $38,091,021
- Average return on equity (ROE) among peers: -44.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Surge Battery Metals Inc (NILI) | CA$13.02 Million | -23.26% | 0.05x | $91.62 Million |
| Aftermath Silver Ltd (AAG) | $5.83 Million | -52.14% | 0.17x | $215.07 Million |
| Aton Resources Inc (AAN) | $-970.51K | 0.00% | 0.00x | $52.55 Million |
| Asbestos Corporation Limited (AB-H) | $-24.43 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $700.32K | -22.12% | 0.03x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $557.59K | -47.89% | 0.13x | $5.75 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $27.09 Million |
| AE Fuels Corporation (AEF) | $94.17K | -158.20% | 2.20x | $4.95 Million |
| Alphamin Res (AFM) | $365.51 Million | 12.92% | 0.41x | $1.27 Billion |
| African Metals Corporation (AFR) | $401.19K | -134.87% | 0.17x | $1.00 Million |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
About Surge Battery Metals Inc
Surge Battery Metals Inc., an exploration stage company, acquires, explores, and develops mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 432 mineral claims located in Elko County, Nevada. The company was formerly known as Copper Creek Gold Corp. and changed its name to … Read more