E Tech Resources Inc (REE) - Net Assets
Based on the latest financial reports, E Tech Resources Inc (REE) has net assets worth CA$6.17 Million CAD (≈ $4.47 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$7.03 Million ≈ $5.08 Million USD) and total liabilities (CA$855.44K ≈ $618.81K 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 REE liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$6.17 Million |
| % of Total Assets | 87.83% |
| Annual Growth Rate | 41.59% |
| 5-Year Change | 997.06% |
| 10-Year Change | N/A |
| Growth Volatility | 398.47 |
E Tech Resources Inc - Net Assets Trend (2018–2025)
This chart illustrates how E Tech Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of E Tech Resources Inc for the complete picture of this company's asset base.
Annual Net Assets for E Tech Resources Inc (2018–2025)
The table below shows the annual net assets of E Tech Resources Inc from 2018 to 2025. For live valuation and market cap data, see how much is E Tech Resources Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | CA$4.79 Million ≈ $3.47 Million |
+2.84% |
| 2024-04-30 | CA$4.66 Million ≈ $3.37 Million |
+0.98% |
| 2023-04-30 | CA$4.62 Million ≈ $3.34 Million |
-14.68% |
| 2022-04-30 | CA$5.41 Million ≈ $3.91 Million |
+1138.28% |
| 2021-04-30 | CA$437.06K ≈ $316.16K |
-30.72% |
| 2020-04-30 | CA$630.85K ≈ $456.35K |
-4.52% |
| 2019-04-30 | CA$660.73K ≈ $477.96K |
+57.22% |
| 2018-04-30 | CA$420.25K ≈ $304.00K |
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Equity Component Analysis
This analysis shows how different components contribute to E Tech Resources 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 1028451300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (April 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$15.09 Million | 314.64% |
| Total Equity | CA$4.79 Million | 100.00% |
E Tech Resources Inc Competitors by Market Cap
The table below lists competitors of E Tech Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Norwood Systems Ltd
AU:NOR
|
$4.40 Million |
|
PayPoint plc
LSE:PAY
|
$4.41 Million |
|
NEWLOX GOLD VENTURES
F:NGO
|
$4.41 Million |
|
New Sources Energy N.V
AS:NSE
|
$4.41 Million |
|
Spectur Ltd
AU:SP3
|
$4.40 Million |
|
Oakajee Corporation Ltd
AU:OKJ
|
$4.40 Million |
|
Neolife SA
PA:ALNLF
|
$4.39 Million |
|
Cosmo Metals Ltd
AU:CMO
|
$4.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in E Tech Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,662,426 to 4,794,802, a change of 132,376 (2.8%).
- Net loss of 418,977 reduced equity.
- Other factors increased equity by 551,353.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-418.98K | -8.74% |
| Other Changes | CA$551.35K | +11.5% |
| Total Change | CA$- | 2.84% |
Book Value vs Market Value Analysis
This analysis compares E Tech Resources 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: 1.00x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.70x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-04-30 | CA$0.02 | CA$0.05 | x |
| 2019-04-30 | CA$0.03 | CA$0.05 | x |
| 2020-04-30 | CA$0.03 | CA$0.05 | x |
| 2021-04-30 | CA$0.02 | CA$0.05 | x |
| 2022-04-30 | CA$0.08 | CA$0.05 | x |
| 2023-04-30 | CA$0.06 | CA$0.05 | x |
| 2024-04-30 | CA$0.05 | CA$0.05 | x |
| 2025-04-30 | CA$0.04 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently E Tech Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.15x
- Recent ROE (-8.74%) is above the historical average (-32.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.70% | 0.00% | 0.00x | 1.04x | CA$-49.15K |
| 2019 | -11.44% | 0.00% | 0.00x | 1.04x | CA$-141.67K |
| 2020 | -4.74% | 0.00% | 0.00x | 1.02x | CA$-92.96K |
| 2021 | -53.05% | 0.00% | 0.00x | 1.20x | CA$-275.55K |
| 2022 | -141.73% | 0.00% | 0.00x | 1.07x | CA$-8.21 Million |
| 2023 | -25.57% | 0.00% | 0.00x | 1.08x | CA$-1.64 Million |
| 2024 | -16.19% | 0.00% | 0.00x | 1.10x | CA$-1.22 Million |
| 2025 | -8.74% | 0.00% | 0.00x | 1.15x | CA$-898.46K |
Industry Comparison
This section compares E Tech Resources 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: $15,173,164
- Average return on equity (ROE) among peers: -43.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| E Tech Resources Inc (REE) | CA$6.17 Million | -1.70% | 0.14x | $4.40 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $182.88 Million |
| Aton Resources Inc (AAN) | $-272.49K | 0.00% | 0.00x | $48.87 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $11.43 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $2.91 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.33 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $4.97 Million | -77.30% | 0.01x | $163.00 Million |
| Almonty Industries Inc (AII) | $21.86 Million | -10.24% | 0.68x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $78.53 Million | 0.45% | 0.01x | $355.00 Million |
About E Tech Resources Inc
ReeXploration Inc. engages in the exploration and development of critical minerals and rare earth elements in Canada. The company's flagship project is the Eureka Project in Namibia. The company was formerly known as E-Tech Resources Inc. and changed its name to ReeXploration Inc. in October 2025. ReeXploration Inc. is based in Halifax, Canada.