Solis Minerals Ltd Net Assets
Solis Minerals Ltd net assets. Based on the latest financial reports, Solis Minerals Ltd (SLMN) has net assets worth CA$8.70 Million CAD (≈ $6.29 Million USD) as of February 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$9.20 Million ≈ $6.66 Million USD) and total liabilities (CA$505.04K ≈ $365.34K 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. See debt-free asset ratio of Solis Minerals Ltd to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$8.70 Million |
| % of Total Assets | 94.51% |
| Annual Growth Rate | 14.22% |
| 5-Year Change | 100.73% |
| 10-Year Change | N/A |
| Growth Volatility | 87.6 |
Net Assets of Solis Minerals Ltd (2018–2023)
Net assets of Solis Minerals Ltd from 2018 to 2023. This chart illustrates how Solis Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Also explore SLMN year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Annual Net Assets for Solis Minerals Ltd (2018–2023)
The table below shows the annual net assets of Solis Minerals Ltd from 2018 to 2023. For live market cap and overall valuation, see Solis Minerals Ltd (SLMN) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-05-31 | CA$4.66 Million ≈ $3.37 Million |
-23.86% |
| 2022-05-31 | CA$6.13 Million ≈ $4.43 Million |
+8.92% |
| 2021-05-31 | CA$5.62 Million ≈ $4.07 Million |
+207.10% |
| 2020-05-31 | CA$1.83 Million ≈ $1.32 Million |
-21.19% |
| 2019-05-31 | CA$2.32 Million ≈ $1.68 Million |
-3.17% |
| 2018-05-31 | CA$2.40 Million ≈ $1.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Solis Minerals Ltd'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 799639000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Solis Minerals Ltd Net Assets Breakdown (May 2023)
Solis Minerals Ltd net assets breakdown by equity component as of May 2023.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$29.03 Million | 622.28% |
| Other Components | CA$3.37 Million | 72.21% |
| Total Equity | CA$4.66 Million | 100.00% |
Solis Minerals Ltd Competitors by Market Cap
The table below lists competitors of Solis Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Curative Biotechnology Inc
NYSE MKT:CUBT
|
$6.36 Million |
|
Manhattan Corporation Ltd
AU:MHC
|
$6.36 Million |
|
Atlas Cycles (Haryana) Limited
NSE:ATLASCYCLE
|
$6.36 Million |
|
Carmat
PA:ALCAR
|
$6.37 Million |
|
Gaxos.ai Inc
NASDAQ:GXAI
|
$6.35 Million |
|
PEREGRINE GOLD LTD
F:9VA
|
$6.35 Million |
|
Mexican Gold Corp
V:MEX
|
$6.35 Million |
|
MKDWELL Tech Inc. Ordinary Share
NASDAQ:MKDW
|
$6.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Solis Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 6,125,843 to 4,664,410, a change of -1,461,433 (-23.9%).
- Net loss of 1,461,433 reduced equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.46 Million | -31.33% |
| Total Change | CA$- | -23.86% |
Book Value vs Market Value Analysis
This analysis compares Solis Minerals Ltd'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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.17x to 1.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-05-31 | CA$0.47 | CA$0.08 | x |
| 2019-05-31 | CA$0.25 | CA$0.08 | x |
| 2020-05-31 | CA$0.19 | CA$0.08 | x |
| 2021-05-31 | CA$0.17 | CA$0.08 | x |
| 2022-05-31 | CA$0.10 | CA$0.08 | x |
| 2023-05-31 | CA$0.08 | CA$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Solis Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-31.33%) is above the historical average (-54.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -97.37% | 0.00% | 0.00x | 1.11x | CA$-2.58 Million |
| 2019 | -117.90% | 0.00% | 0.00x | 1.45x | CA$-2.97 Million |
| 2020 | -26.84% | 0.00% | 0.00x | 1.92x | CA$-674.75K |
| 2021 | -3.29% | 0.00% | 0.00x | 1.10x | CA$-747.37K |
| 2022 | -50.91% | 0.00% | 0.00x | 1.16x | CA$-3.73 Million |
| 2023 | -31.33% | 0.00% | 0.00x | 1.12x | CA$-1.93 Million |
Industry Comparison
This section compares Solis Minerals Ltd's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $1,224,633,591
- Average return on equity (ROE) among peers: -193.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Solis Minerals Ltd (SLMN) | CA$8.70 Million | -97.37% | 0.06x | $6.35 Million |
| Amerigo Resources Ltd. (ARG) | $121.74 Million | 0.82% | 0.53x | $911.28 Million |
| Aranjin Resources Ltd (ARJN) | $56.47K | -1627.97% | 20.08x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $65.98 Million | -10.82% | 0.05x | $652.36 Million |
| Bell Copper Corp (BCU) | $194.20K | -220.34% | 3.26x | $6.81 Million |
| Capstone Mining Corp (CS) | $15.31 Million | -12.58% | 0.05x | $6.50 Billion |
| Copper Fox Metals Inc. (CUU) | $76.16 Million | -1.43% | 0.05x | $227.17 Million |
| Element 29 Resources Inc (ECU) | $22.87 Million | -11.23% | 0.07x | $273.00 Million |
| Ero Copper Corp (ERO) | $395.49 Million | 50.84% | 0.74x | $3.28 Billion |
| Faraday Copper Corp. (FDY) | $12.53 Million | -100.42% | 0.01x | $861.72 Million |
| First Quantum Minerals Ltd (FM) | $11.54 Billion | -0.24% | 1.19x | $20.79 Billion |
About Solis Minerals Ltd
Solis Minerals Ltd. acquires, explores for, and develops mineral properties. The company primarily explores for copper, gold, silver, lithium, battery metals, and iron oxide. The company was formerly known as Westminster Resources Ltd. and changed its name to Solis Minerals Ltd. in July 2021. Solis Minerals Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.