Spackman Equit (SQG) - Net Assets

Latest as of September 2025: CA$9.99 Million CAD ≈ $7.23 Million USD

Based on the latest financial reports, Spackman Equit (SQG) has net assets worth CA$9.99 Million CAD (≈ $7.23 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$15.51 Million ≈ $11.22 Million USD) and total liabilities (CA$5.52 Million ≈ $3.99 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 Spackman Equit (SQG) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$9.99 Million
% of Total Assets	64.42%
Annual Growth Rate	-4.24%
5-Year Change	3117.38%
10-Year Change	-64.72%
Growth Volatility	94.62

Spackman Equit - Net Assets Trend (2013–2024)

This chart illustrates how Spackman Equit's net assets have evolved over time, based on quarterly financial data. Also explore SQG asset base for the complete picture of this company's asset base.

Annual Net Assets for Spackman Equit (2013–2024)

The table below shows the annual net assets of Spackman Equit from 2013 to 2024. For live valuation and market cap data, see SQG market cap.

Year	Net Assets	Change
2024-12-31	CA$7.73 Million ≈ $5.59 Million	+67.72%
2023-12-31	CA$4.61 Million ≈ $3.33 Million	+741.41%
2022-12-31	CA$-718.22K ≈ $-519.55K	-187.06%
2021-12-31	CA$-250.20K ≈ $-180.99K	-204.18%
2020-12-31	CA$240.16K ≈ $173.72K	-88.48%
2019-12-31	CA$2.08 Million ≈ $1.51 Million	-41.53%
2018-12-31	CA$3.56 Million ≈ $2.58 Million	-75.32%
2017-12-31	CA$14.44 Million ≈ $10.45 Million	-45.23%
2016-12-31	CA$26.37 Million ≈ $19.08 Million	+20.42%
2015-12-31	CA$21.90 Million ≈ $15.84 Million	-29.58%
2014-12-31	CA$31.10 Million ≈ $22.49 Million	+149.91%
2013-12-31	CA$12.44 Million ≈ $9.00 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Spackman Equit'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 128.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	CA$7.85 Million	101.66%
Total Equity	CA$7.73 Million	100.00%

Spackman Equit Competitors by Market Cap

The table below lists competitors of Spackman Equit ranked by their market capitalization.

Company	Market Cap
Victory Metals Ltd AU:VTM	$17.50 Million
Multi Indocitra Tbk JK:MICE	$17.52 Million
Prostar Holdings Inc V:MAPS	$17.52 Million
DAVIDsTEA Inc F:DAT	$17.53 Million
Bright Scholar Education Holdings Ltd Class A NYSE:BEDU	$17.48 Million
Esotiq & Henderson S.A. WAR:EAH	$17.48 Million
Hands Corporation Ltd KO:143210	$17.46 Million
Union Plastic Public Company Limited BK:UP	$17.45 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Spackman Equit's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,606,777 to 7,726,690, a change of 3,119,913 (67.7%).
Net loss of 2,772,571 reduced equity.
New share issuances of 6,305,922 increased equity.
Other factors decreased equity by 413,438.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-2.77 Million	-35.88%
Share Issuances	CA$6.31 Million	+81.61%
Other Changes	CA$-413.44K	-5.35%
Total Change	CA$-	67.72%

Book Value vs Market Value Analysis

This analysis compares Spackman Equit'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: 3.10x
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 increased from 0.98x to 3.10x 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$0.10	CA$0.10	x
2018-12-31	CA$0.02	CA$0.10	x
2019-12-31	CA$0.01	CA$0.10	x
2020-12-31	CA$0.00	CA$0.10	x
2021-12-31	CA$-0.08	CA$0.10	x
2022-12-31	CA$-0.05	CA$0.10	x
2023-12-31	CA$1.55	CA$0.10	x
2024-12-31	CA$0.03	CA$0.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Spackman Equit 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): -35.88%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -49.09%
• Asset Turnover: 0.52x
• Equity Multiplier: 1.40x
Recent ROE (-35.88%) is above the historical average (-100.49%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	10.57%	60.37%	0.17x	1.00x	CA$70.67K
2014	56.26%	75.66%	0.69x	1.08x	CA$14.38 Million
2015	-42.01%	0.00%	-0.40x	1.04x	CA$-11.39 Million
2016	16.96%	79.22%	0.20x	1.05x	CA$1.83 Million
2017	-82.59%	0.00%	-0.89x	1.04x	CA$-13.37 Million
2018	-305.21%	0.00%	-2.38x	1.18x	CA$-11.23 Million
2019	-71.03%	0.00%	-0.44x	1.32x	CA$-1.69 Million
2020	-767.75%	0.00%	-1.45x	4.66x	CA$-1.87 Million
2021	0.00%	-138.50%	0.67x	0.00x	CA$-534.14K
2022	0.00%	0.00%	0.00x	0.00x	CA$-247.56K
2023	14.85%	4.84%	1.38x	2.23x	CA$223.46K
2024	-35.88%	-49.09%	0.52x	1.40x	CA$-3.55 Million

Industry Comparison

This section compares Spackman Equit's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $3,989,024,875
Average return on equity (ROE) among peers: 8.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Spackman Equit (SQG)	CA$9.99 Million	10.57%	0.55x	$17.50 Million
Aberdeen International Inc. (AAB)	$25.89 Million	-37.52%	0.12x	$3.49 Million
Base Carbon Inc. (BCBN)	$43.86 Million	-35.28%	0.01x	$67.04 Million
Canadian Banc Corp (BK)	$97.56 Million	25.22%	0.73x	$525.03 Million
Brookfield Corporation (BN)	$29.19 Billion	4.98%	1.68x	$99.82 Billion
Sprott Physical Gold and Silver Trust (CEF)	$4.42 Billion	22.79%	0.00x	$9.12 Billion
Canadian General Investments Ltd (CGI)	$1.45 Billion	21.20%	0.14x	$767.51 Million
CI Financial Corp (CIX)	$1.91 Billion	27.54%	0.58x	$3.32 Billion
Clairvest Group Inc. (CVG)	$1.22 Billion	4.30%	0.17x	$752.38 Million
Cymbria Corporation (CYB)	$1.36 Billion	-5.91%	0.05x	$987.87 Million
Dividend 15 Split Corp II (DF)	$172.83 Million	55.20%	1.48x	$151.03 Million

About Spackman Equit

V:SQG Canada Asset Management

Market Cap

$17.50 Million

CA$24.19 Million CAD

Market Cap Rank

#25433 Global

#1012 in Canada

Share Price

CA$0.10

Change (1 day)

-9.52%

52-Week Range

CA$0.09 - CA$2.14

All Time High

CA$5.99