Source Rock Royalties Ltd Net Assets
Source Rock Royalties Ltd net assets. Based on the latest financial reports, Source Rock Royalties Ltd (SRR) has net assets worth CA$22.97 Million CAD (≈ $16.61 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$23.55 Million ≈ $17.04 Million USD) and total liabilities (CA$583.71K ≈ $422.25K 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. Also explore SRR year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$22.97 Million |
| % of Total Assets | 97.52% |
| Annual Growth Rate | 8.26% |
| 5-Year Change | 60.84% |
| 10-Year Change | N/A |
| Growth Volatility | 37.74 |
Net Assets of Source Rock Royalties Ltd (2020–2025)
Net assets of Source Rock Royalties Ltd from 2020 to 2025. This chart illustrates how Source Rock Royalties Ltd's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Source Rock Royalties Ltd to measure how much of total assets are equity-financed.
Annual Net Assets for Source Rock Royalties Ltd (2020–2025)
The table below shows the annual net assets of Source Rock Royalties Ltd from 2020 to 2025. For live market cap and overall valuation, see Source Rock Royalties Ltd (SRR) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$23.42 Million ≈ $16.94 Million |
-8.94% |
| 2024-12-31 | CA$25.72 Million ≈ $18.61 Million |
-4.23% |
| 2023-12-31 | CA$26.86 Million ≈ $19.43 Million |
-2.12% |
| 2022-12-31 | CA$27.44 Million ≈ $19.85 Million |
+88.44% |
| 2021-12-31 | CA$14.56 Million ≈ $10.53 Million |
-7.56% |
| 2020-12-31 | CA$15.75 Million ≈ $11.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Source Rock Royalties 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 689624100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Source Rock Royalties Ltd Net Assets Breakdown (December 2025)
Source Rock Royalties Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$44.33 Million | 189.26% |
| Total Equity | CA$23.42 Million | 100.00% |
Source Rock Royalties Ltd Competitors by Market Cap
The table below lists competitors of Source Rock Royalties Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hung Chou Fiber Ind Co Ltd
TW:1413
|
$38.92 Million |
|
ACELRX PHARMACEUT. DL-01
F:R5XA
|
$38.92 Million |
|
APS Energia S.A.
WAR:APE
|
$38.94 Million |
|
Eightco Holdings Inc.
NASDAQ:OCTO
|
$38.94 Million |
|
Rubicon Water Ltd
AU:RWL
|
$38.90 Million |
|
KRONA PUBLIC REAL ESTATE
F:927
|
$38.89 Million |
|
Highlight Communications AG
XETRA:HLG
|
$38.88 Million |
|
CMR S.A.B. de C.V
MX:CMRB
|
$38.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Source Rock Royalties Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,720,078 to 23,420,772, a change of -2,299,306 (-8.9%).
- Net income of 1,322,492 contributed positively to equity growth.
- Dividend payments of 3,555,452 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.32 Million | +5.65% |
| Dividends Paid | CA$3.56 Million | -15.18% |
| Other Changes | CA$-66.35K | -0.28% |
| Total Change | CA$- | -8.94% |
Book Value vs Market Value Analysis
This analysis compares Source Rock Royalties 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: 2.30x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.24x to 2.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.36 | CA$1.18 | x |
| 2021-12-31 | CA$0.34 | CA$1.18 | x |
| 2022-12-31 | CA$0.61 | CA$1.18 | x |
| 2023-12-31 | CA$0.59 | CA$1.18 | x |
| 2024-12-31 | CA$0.56 | CA$1.18 | x |
| 2025-12-31 | CA$0.51 | CA$1.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Source Rock Royalties Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.93%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.02x
- Recent ROE (5.65%) is above the historical average (1.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -18.13% | -207.62% | 0.08x | 1.04x | CA$-4.43 Million |
| 2021 | 1.21% | 4.14% | 0.28x | 1.05x | CA$-1.28 Million |
| 2022 | 9.32% | 39.41% | 0.23x | 1.05x | CA$-185.89K |
| 2023 | 5.83% | 23.57% | 0.24x | 1.01x | CA$-1.12 Million |
| 2024 | 5.81% | 19.45% | 0.29x | 1.03x | CA$-1.08 Million |
| 2025 | 5.65% | 21.93% | 0.25x | 1.02x | CA$-1.02 Million |
Industry Comparison
This section compares Source Rock Royalties Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $3,484,744,958
- Average return on equity (ROE) among peers: 3.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Source Rock Royalties Ltd (SRR) | CA$22.97 Million | -18.13% | 0.03x | $38.91 Million |
| AltaGas Ltd (ALA) | $1.21 Billion | 8.36% | 1.27x | $12.53 Billion |
| Enbridge Inc (ENB) | $1.33 Billion | 9.77% | 2.88x | $109.19 Billion |
| Gibson Energy Inc. (GEI) | $1.31 Billion | 8.89% | 1.14x | $4.25 Billion |
| Keyera Corp. (KEY) | $2.73 Billion | 14.44% | 1.48x | $9.21 Billion |
| Pembina Pipeline Corp (PPL) | $13.85 Billion | 6.38% | 0.85x | $30.16 Billion |
| South Bow Corporation (SOBO) | $2.70 Billion | 16.29% | 3.13x | $7.59 Billion |
| Topaz Energy Corp (TPZ) | $1.52 Billion | 8.47% | 0.48x | $3.50 Billion |
| TC Energy Corp (TRP) | $6.49 Billion | 10.57% | 2.07x | $67.94 Billion |
| Tidewater Midstream and Infrastructure Ltd (TWM) | $217.10 Million | -51.68% | 4.09x | $349.94 Million |
About Source Rock Royalties Ltd
Source Rock Royalties Ltd. engages as an oil and gas royalty company in Canada. The company is also involved in acquiring and managing oil and gas royalties and mineral title interests. It has an oil-focused portfolio of royalty interests concentrated in S.E. Saskatchewan, central Alberta, and west-central Saskatchewan. Source Rock Royalties Ltd. was incorporated in 2012 and is headquartered in C… Read more