Atlas Salt Inc
Atlas Salt Inc. engages in the evaluation and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for salt, gypsum, and nepheline deposits. Its principal asset is the 100% owned Great Atlantic salt project in the St. George's Bay Basin of western Newfoundland. The company was formerly known as Red Moon Resources Inc. and changed its name to Atlas Salt Inc.… Read more
Atlas Salt Inc (SALT) - Net Assets
Latest net assets as of September 2025: CA$18.21 Million CAD
Based on the latest financial reports, Atlas Salt Inc (SALT) has net assets worth CA$18.21 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$19.63 Million) and total liabilities (CA$1.42 Million). 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$18.21 Million |
| % of Total Assets | 92.77% |
| Annual Growth Rate | 40.27% |
| 5-Year Change | 1017.89% |
| 10-Year Change | N/A |
| Growth Volatility | 170.98 |
Atlas Salt Inc - Net Assets Trend (2017–2024)
This chart illustrates how Atlas Salt 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 Atlas Salt Inc (2017–2024)
The table below shows the annual net assets of Atlas Salt Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$20.27 Million | -6.94% |
| 2023-12-31 | CA$21.78 Million | +47.02% |
| 2022-12-31 | CA$14.81 Million | +36.77% |
| 2021-12-31 | CA$10.83 Million | +497.36% |
| 2020-12-31 | CA$1.81 Million | -6.16% |
| 2019-12-31 | CA$1.93 Million | +6.61% |
| 2018-12-31 | CA$1.81 Million | -4.44% |
| 2017-12-31 | CA$1.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Atlas Salt 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 1420942700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$35.45 Million | 174.92% |
| Total Equity | CA$20.27 Million | 100.00% |
Atlas Salt Inc Competitors by Market Cap
The table below lists competitors of Atlas Salt Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Outcrop Gold Corp
OTCQX:OCGSF
|
$44.66 Million |
|
XTI Aerospace, Inc.
NASDAQ:XTIA
|
$44.70 Million |
|
Airgain Inc
NASDAQ:AIRG
|
$44.70 Million |
|
NACL Industries Limited
NSE:NACLIND
|
$44.71 Million |
|
Blackboxstocks Inc
NASDAQ:BLBX
|
$44.64 Million |
|
Doxa AB
ST:DOXA
|
$44.63 Million |
|
INTRED S.P.A.
F:M7P
|
$44.63 Million |
|
Hai Phong Hoang Ha Paper JSC
VN:HHP
|
$44.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atlas Salt Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,776,147 to 20,265,520, a change of -1,510,627 (-6.9%).
- Net loss of 3,675,923 reduced equity.
- Share repurchases of 78,183 reduced equity.
- Other factors increased equity by 2,243,479.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.68 Million | -18.14% |
| Share Repurchases | CA$78.18K | -0.39% |
| Other Changes | CA$2.24 Million | +11.07% |
| Total Change | CA$- | -6.94% |
Book Value vs Market Value Analysis
This analysis compares Atlas Salt 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: 4.40x
- 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 decreased from 23.31x to 4.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.04 | CA$0.92 | x |
| 2018-12-31 | CA$0.04 | CA$0.92 | x |
| 2019-12-31 | CA$0.04 | CA$0.92 | x |
| 2020-12-31 | CA$0.04 | CA$0.92 | x |
| 2021-12-31 | CA$0.14 | CA$0.92 | x |
| 2022-12-31 | CA$0.17 | CA$0.92 | x |
| 2023-12-31 | CA$0.23 | CA$0.92 | x |
| 2024-12-31 | CA$0.21 | CA$0.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atlas Salt Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-18.14%) is below the historical average (-14.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -5.00% | 0.00% | 0.00x | 1.11x | CA$-284.42K |
| 2018 | -10.83% | 0.00% | 0.00x | 1.16x | CA$-377.40K |
| 2019 | -11.07% | 0.00% | 0.00x | 1.13x | CA$-407.09K |
| 2020 | -10.23% | 0.00% | 0.00x | 1.14x | CA$-366.69K |
| 2021 | -20.06% | 0.00% | 0.00x | 1.04x | CA$-3.25 Million |
| 2022 | -16.56% | -7694.18% | 0.00x | 1.08x | CA$-3.93 Million |
| 2023 | -22.22% | 0.00% | 0.00x | 1.03x | CA$-7.02 Million |
| 2024 | -18.14% | 0.00% | 0.00x | 1.08x | CA$-5.70 Million |
Industry Comparison
This section compares Atlas Salt 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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atlas Salt Inc (SALT) | CA$18.21 Million | -5.00% | 0.08x | $44.65 Million |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |