Canadian Spirit Resources Inc (SPI) - Net Assets
Based on the latest financial reports, Canadian Spirit Resources Inc (SPI) has net assets worth CA$8.53 Million CAD (≈ $6.17 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$11.08 Million ≈ $8.02 Million USD) and total liabilities (CA$2.55 Million ≈ $1.84 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. Read Canadian Spirit Resources Inc (SPI) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$8.53 Million |
| % of Total Assets | 76.99% |
| Annual Growth Rate | -15.96% |
| 5-Year Change | -74.94% |
| 10-Year Change | -87.25% |
| Growth Volatility | 22.53 |
Canadian Spirit Resources Inc - Net Assets Trend (2013–2024)
This chart illustrates how Canadian Spirit Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore Canadian Spirit Resources Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Canadian Spirit Resources Inc (2013–2024)
The table below shows the annual net assets of Canadian Spirit Resources Inc from 2013 to 2024. For live valuation and market cap data, see SPI company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$9.03 Million ≈ $6.54 Million |
-67.33% |
| 2023-12-31 | CA$27.65 Million ≈ $20.00 Million |
-24.27% |
| 2022-12-31 | CA$36.51 Million ≈ $26.41 Million |
-0.37% |
| 2021-12-31 | CA$36.65 Million ≈ $26.51 Million |
+1.67% |
| 2020-12-31 | CA$36.05 Million ≈ $26.08 Million |
-0.91% |
| 2019-12-31 | CA$36.38 Million ≈ $26.32 Million |
-3.63% |
| 2018-12-31 | CA$37.75 Million ≈ $27.31 Million |
-13.33% |
| 2017-12-31 | CA$43.55 Million ≈ $31.51 Million |
+1.34% |
| 2016-12-31 | CA$42.98 Million ≈ $31.09 Million |
-39.37% |
| 2015-12-31 | CA$70.89 Million ≈ $51.28 Million |
-0.22% |
| 2014-12-31 | CA$71.04 Million ≈ $51.39 Million |
+16.10% |
| 2013-12-31 | CA$61.19 Million ≈ $44.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Canadian Spirit 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 8083785000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$134.62 Million | 1490.08% |
| Total Equity | CA$9.03 Million | 100.00% |
Canadian Spirit Resources Inc Competitors by Market Cap
The table below lists competitors of Canadian Spirit Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pipe Works L. Girakian Profil S.A.
AT:PROFK
|
$5.21 Million |
|
Silver Grail Resources Ltd
V:SVG
|
$5.21 Million |
|
DSS Inc
NYSE MKT:DSS
|
$5.21 Million |
|
Redhill Biopharma Ltd
NASDAQ:RDHL
|
$5.22 Million |
|
UNIDOC HEALTH CORP.
F:L7T
|
$5.21 Million |
|
Hiremii Ltd
AU:HMI
|
$5.21 Million |
|
Inca Minerals Ltd
AU:ICG
|
$5.21 Million |
|
Noroo Holdings Co Ltd
KO:000325
|
$5.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Spirit Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,651,288 to 9,034,568, a change of -18,616,720 (-67.3%).
- Net loss of 18,629,770 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-18.63 Million | -206.21% |
| Other Changes | CA$13.05K | +0.14% |
| Total Change | CA$- | -67.33% |
Book Value vs Market Value Analysis
This analysis compares Canadian Spirit 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: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.10x to 0.80x 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$0.24 | CA$0.03 | x |
| 2018-12-31 | CA$0.19 | CA$0.03 | x |
| 2019-12-31 | CA$0.19 | CA$0.03 | x |
| 2020-12-31 | CA$0.16 | CA$0.03 | x |
| 2021-12-31 | CA$0.15 | CA$0.03 | x |
| 2022-12-31 | CA$0.14 | CA$0.03 | x |
| 2023-12-31 | CA$0.10 | CA$0.03 | x |
| 2024-12-31 | CA$0.03 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Spirit Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -206.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28870.83%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.29x
- Recent ROE (-206.21%) is below the historical average (-30.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -3.12% | -152.78% | 0.02x | 1.09x | CA$-8.03 Million |
| 2014 | -4.88% | -294.98% | 0.02x | 1.04x | CA$-10.57 Million |
| 2015 | -3.17% | -495.59% | 0.01x | 1.04x | CA$-9.34 Million |
| 2016 | -69.96% | -9277.32% | 0.01x | 1.06x | CA$-34.37 Million |
| 2017 | -4.57% | -524.78% | 0.01x | 1.06x | CA$-6.34 Million |
| 2018 | -19.51% | -6416.55% | 0.00x | 1.06x | CA$-11.14 Million |
| 2019 | -3.91% | 0.00% | 0.00x | 1.06x | CA$-5.06 Million |
| 2020 | -5.49% | 0.00% | 0.00x | 1.09x | CA$-5.58 Million |
| 2021 | -3.02% | 0.00% | 0.00x | 1.06x | CA$-4.77 Million |
| 2022 | -5.00% | -642.93% | 0.01x | 1.08x | CA$-5.48 Million |
| 2023 | -35.81% | -3369.82% | 0.01x | 1.08x | CA$-12.67 Million |
| 2024 | -206.21% | -28870.83% | 0.01x | 1.29x | CA$-19.53 Million |
Industry Comparison
This section compares Canadian Spirit Resources Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $642,696,496
- Average return on equity (ROE) among peers: -12.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Spirit Resources Inc (SPI) | CA$8.53 Million | -3.12% | 0.30x | $5.21 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.27 Billion | -1.67% | 1.21x | $1.22 Billion |
| Africa Energy Corp (AFE) | $189.46K | 0.00% | 0.21x | $71.06 Million |
| Alvopetro Energy (ALV) | $60.57 Million | -7.17% | 0.08x | $230.37 Million |
| Africa Oil Corp (AOI) | $929.85 Million | -5.66% | 0.06x | $820.85 Million |
| Altima Resources Ltd (ARH) | $18.57 Million | -6.97% | 0.60x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $3.16 Billion | 9.08% | 0.68x | $13.26 Billion |
| Athabasca Oil Corp (ATH) | $965.95 Million | -58.97% | 0.89x | $4.13 Billion |
| Altai Resources Inc. (ATI) | $4.45 Million | -2.56% | 0.07x | $1.42 Million |
| Avanti Energy Inc (AVN) | $159.53K | -53.64% | 0.35x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $10.89 Million | -0.55% | 0.12x | $84.78 Million |
About Canadian Spirit Resources Inc
Canadian Spirit Resources Inc., a natural resources company, identifies and develops opportunities in the unconventional natural gas sector in Canada. It primarily develops the Montney Formation natural gas and natural gas liquids resource play in the Farrell Creek Montney area of Northeastern British Columbia. The company was formerly known as Spirit Energy Corp. and changed its name to Canadian… Read more