Atlas Salt Inc (SALT) - Net Assets
Based on the latest financial reports, Atlas Salt Inc (SALT) has net assets worth CA$23.62 Million CAD (≈ $17.09 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$26.19 Million ≈ $18.94 Million USD) and total liabilities (CA$2.57 Million ≈ $1.86 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. Check Atlas Salt Inc tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$23.62 Million |
| % of Total Assets | 90.19% |
| Annual Growth Rate | 37.69% |
| 5-Year Change | 126.18% |
| 10-Year Change | N/A |
| Growth Volatility | 161.18 |
Atlas Salt Inc - Net Assets Trend (2017–2025)
This chart illustrates how Atlas Salt Inc's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Atlas Salt Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Atlas Salt Inc (2017–2025)
The table below shows the annual net assets of Atlas Salt Inc from 2017 to 2025. For live valuation and market cap data, see market value of Atlas Salt Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$24.49 Million ≈ $17.72 Million |
+20.86% |
| 2024-12-31 | CA$20.27 Million ≈ $14.66 Million |
-6.94% |
| 2023-12-31 | CA$21.78 Million ≈ $15.75 Million |
+47.02% |
| 2022-12-31 | CA$14.81 Million ≈ $10.71 Million |
+36.77% |
| 2021-12-31 | CA$10.83 Million ≈ $7.83 Million |
+497.36% |
| 2020-12-31 | CA$1.81 Million ≈ $1.31 Million |
-6.16% |
| 2019-12-31 | CA$1.93 Million ≈ $1.40 Million |
+6.61% |
| 2018-12-31 | CA$1.81 Million ≈ $1.31 Million |
-4.44% |
| 2017-12-31 | CA$1.90 Million ≈ $1.37 Million |
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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 1792184100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$43.39 Million | 177.14% |
| Total Equity | CA$24.49 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 |
|---|---|
|
Guerbet S. A.
PA:GBT
|
$130.08 Million |
|
Chialin Precision Industrial Co Ltd
TWO:3310
|
$130.19 Million |
|
Baozun Inc
F:2BZA
|
$130.21 Million |
|
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS
IS:KATMR
|
$130.21 Million |
|
AJ Networks Co Ltd
KO:095570
|
$129.95 Million |
|
Wintermar Offshore Marine Tbk
JK:WINS
|
$129.94 Million |
|
Cashbil
JSE:CSB
|
$129.93 Million |
|
Aluko Co Ltd
KO:001780
|
$129.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atlas Salt Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,265,520 to 24,493,219, a change of 4,227,699 (20.9%).
- Net loss of 3,712,415 reduced equity.
- Share repurchases of 74,881 reduced equity.
- New share issuances of 8,554,400 increased equity.
- Other factors decreased equity by 539,405.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.71 Million | -15.16% |
| Share Repurchases | CA$74.88K | -0.31% |
| Share Issuances | CA$8.55 Million | +34.93% |
| Other Changes | CA$-539.40K | -2.2% |
| Total Change | CA$- | 20.86% |
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: 7.11x
- 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 40.80x to 7.11x 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$1.61 | x |
| 2018-12-31 | CA$0.04 | CA$1.61 | x |
| 2019-12-31 | CA$0.04 | CA$1.61 | x |
| 2020-12-31 | CA$0.04 | CA$1.61 | x |
| 2021-12-31 | CA$0.14 | CA$1.61 | x |
| 2022-12-31 | CA$0.17 | CA$1.61 | x |
| 2023-12-31 | CA$0.23 | CA$1.61 | x |
| 2024-12-31 | CA$0.21 | CA$1.61 | x |
| 2025-12-31 | CA$0.23 | CA$1.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atlas Salt Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -15.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-15.16%) is below the historical average (-14.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -5.00% | 0.00% | 0.00x | 1.11x | CA$-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$-5.70 Million |
| 2025 | -15.16% | 0.00% | 0.00x | 1.07x | CA$-6.16 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: $40,440,349
- Average return on equity (ROE) among peers: -44.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atlas Salt Inc (SALT) | CA$23.62 Million | -5.00% | 0.11x | $130.07 Million |
| Aftermath Silver Ltd (AAG) | $23.92 Million | -29.78% | 0.34x | $168.05 Million |
| Aton Resources Inc (AAN) | $2.59 Million | -161.78% | 0.36x | $43.33 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $3.27 Million |
| Adex Mining Inc (ADE) | $-4.38 Million | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $1.34 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $126.80 Million |
| Amarc Resources Ltd. (AHR) | $1.25 Million | -166.39% | 1.91x | $163.00 Million |
| Almonty Industries Inc (AII) | $47.10 Million | 22.07% | 0.87x | $5.44 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $390.90 Million |
About 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 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. in Augus… Read more