Silver Spruce Resources Inc (SSE) - Net Assets
Based on the latest financial reports, Silver Spruce Resources Inc (SSE) has net assets worth CA$-465.85K CAD (≈ $-336.99K USD) as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$67.34K ≈ $48.72K USD) and total liabilities (CA$533.19K ≈ $385.70K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Silver Spruce Resources Inc's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-465.85K |
| % of Total Assets | -691.73% |
| Annual Growth Rate | N/A |
| 5-Year Change | -118.47% |
| 10-Year Change | N/A |
| Growth Volatility | 340.94 |
Silver Spruce Resources Inc - Net Assets Trend (1998–2024)
This chart illustrates how Silver Spruce Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore Silver Spruce Resources Inc balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Silver Spruce Resources Inc (1998–2024)
The table below shows the annual net assets of Silver Spruce Resources Inc from 1998 to 2024. For live valuation and market cap data, see SSE company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | CA$-242.01K ≈ $-175.07K |
-222.69% |
| 2023-10-31 | CA$197.26K ≈ $142.69K |
+545.23% |
| 2022-10-31 | CA$30.57K ≈ $22.12K |
-97.37% |
| 2021-10-31 | CA$1.16 Million ≈ $839.78K |
-11.38% |
| 2020-10-31 | CA$1.31 Million ≈ $947.62K |
+428.74% |
| 2019-10-31 | CA$-398.48K ≈ $-288.26K |
-146.46% |
| 2018-10-31 | CA$-161.68K ≈ $-116.96K |
-160.33% |
| 2017-10-31 | CA$268.01K ≈ $193.87K |
+227.72% |
| 2016-10-31 | CA$-209.85K ≈ $-151.80K |
+91.16% |
| 2015-10-31 | CA$-2.37 Million ≈ $-1.72 Million |
-620.29% |
| 2014-10-31 | CA$-329.73K ≈ $-238.52K |
-156.49% |
| 2013-10-31 | CA$583.69K ≈ $422.23K |
-67.94% |
| 2012-10-31 | CA$1.82 Million ≈ $1.32 Million |
-64.27% |
| 2011-10-31 | CA$5.10 Million ≈ $3.69 Million |
+59.78% |
| 2010-10-31 | CA$3.19 Million ≈ $2.31 Million |
-52.90% |
| 2009-10-31 | CA$6.77 Million ≈ $4.90 Million |
-56.40% |
| 2008-10-31 | CA$15.53 Million ≈ $11.24 Million |
+39.73% |
| 2007-10-31 | CA$11.12 Million ≈ $8.04 Million |
+79.58% |
| 2006-10-31 | CA$6.19 Million ≈ $4.48 Million |
+1340.42% |
| 2005-10-31 | CA$429.73K ≈ $310.86K |
+226.69% |
| 2004-10-31 | CA$131.54K ≈ $95.16K |
-2.66% |
| 2003-10-31 | CA$135.14K ≈ $97.76K |
+331.11% |
| 2002-10-31 | CA$-58.48K ≈ $-42.30K |
-288.39% |
| 2001-10-31 | CA$-15.06K ≈ $-10.89K |
-113.75% |
| 2000-10-31 | CA$109.48K ≈ $79.20K |
-31.77% |
| 1999-10-31 | CA$160.45K ≈ $116.07K |
+38.92% |
| 1998-10-31 | CA$115.50K ≈ $83.55K |
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Equity Component Analysis
This analysis shows how different components contribute to Silver Spruce 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 4600519900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$46.25 Million | % |
| Total Equity | CA$-242.01K | 100.00% |
Silver Spruce Resources Inc Competitors by Market Cap
The table below lists competitors of Silver Spruce Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FW Thorpe PLC
LSE:TFW
|
$3.44 Million |
|
Bioter S.A.
AT:BIOT
|
$3.45 Million |
|
Bubalus Resources Ltd
AU:BUS
|
$3.45 Million |
|
Pool Safe Inc
V:POOL
|
$3.45 Million |
|
Vanquis Banking Group PLC
LSE:VANQ
|
$3.44 Million |
|
H&T Group plc
LSE:HAT
|
$3.44 Million |
|
Alzamend Neuro Inc
NASDAQ:ALZN
|
$3.43 Million |
|
Cardio Diagnostics Holdings Inc
NASDAQ:CDIO
|
$3.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Silver Spruce Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 197,259 to -242,011, a change of -439,270 (-222.7%).
- Net loss of 961,782 reduced equity.
- New share issuances of 358,505 increased equity.
- Other comprehensive income decreased equity by 11,551,489.
- Other factors increased equity by 11,715,496.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-961.78K | -397.41% |
| Share Issuances | CA$358.50K | +148.14% |
| Other Comprehensive Income | CA$-11.55 Million | -4773.13% |
| Other Changes | CA$11.72 Million | +4840.89% |
| Total Change | CA$- | -222.69% |
Book Value vs Market Value Analysis
This analysis compares Silver Spruce 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-10-31 | CA$8.46 | CA$0.22 | x |
| 1999-10-31 | CA$9.20 | CA$0.22 | x |
| 2000-10-31 | CA$6.15 | CA$0.22 | x |
| 2001-10-31 | CA$-0.83 | CA$0.22 | x |
| 2002-10-31 | CA$-3.13 | CA$0.22 | x |
| 2003-10-31 | CA$0.31 | CA$0.22 | x |
| 2004-10-31 | CA$0.28 | CA$0.22 | x |
| 2005-10-31 | CA$0.73 | CA$0.22 | x |
| 2006-10-31 | CA$3.24 | CA$0.22 | x |
| 2007-10-31 | CA$4.00 | CA$0.22 | x |
| 2008-10-31 | CA$3.27 | CA$0.22 | x |
| 2009-10-31 | CA$1.35 | CA$0.22 | x |
| 2010-10-31 | CA$0.47 | CA$0.22 | x |
| 2011-10-31 | CA$0.50 | CA$0.22 | x |
| 2012-10-31 | CA$0.17 | CA$0.22 | x |
| 2013-10-31 | CA$0.05 | CA$0.22 | x |
| 2014-10-31 | CA$-0.03 | CA$0.22 | x |
| 2015-10-31 | CA$-0.14 | CA$0.22 | x |
| 2016-10-31 | CA$-0.01 | CA$0.22 | x |
| 2017-10-31 | CA$0.01 | CA$0.22 | x |
| 2018-10-31 | CA$0.00 | CA$0.22 | x |
| 2019-10-31 | CA$0.00 | CA$0.22 | x |
| 2020-10-31 | CA$0.01 | CA$0.22 | x |
| 2021-10-31 | CA$0.01 | CA$0.22 | x |
| 2022-10-31 | CA$0.00 | CA$0.22 | x |
| 2023-10-31 | CA$0.00 | CA$0.22 | x |
| 2024-10-31 | CA$0.00 | CA$0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Silver Spruce Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-296.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -408.00% | -23562150.00% | 0.00x | 1.85x | CA$-482.79K |
| 1999 | -275.19% | -22077450.00% | 0.00x | 1.25x | CA$-457.59K |
| 2000 | -88.12% | -9647100.00% | 0.00x | 1.60x | CA$-107.42K |
| 2001 | 0.00% | -19171300.00% | 0.00x | 0.00x | CA$-190.21K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-37.57K |
| 2003 | -67.62% | 0.00% | 0.00x | 1.22x | CA$-104.90K |
| 2004 | -122.52% | 0.00% | 0.00x | 1.84x | CA$-174.31K |
| 2005 | -31.35% | 0.00% | 0.00x | 1.30x | CA$-177.70K |
| 2006 | -6.60% | 0.00% | 0.00x | 1.03x | CA$-1.03 Million |
| 2007 | -29.28% | -1258.46% | 0.02x | 1.08x | CA$-4.37 Million |
| 2008 | -36.60% | -1340.17% | 0.03x | 1.04x | CA$-7.24 Million |
| 2009 | -138.39% | -3343.48% | 0.04x | 1.05x | CA$-10.05 Million |
| 2010 | -159.13% | -10244.66% | 0.01x | 1.12x | CA$-5.39 Million |
| 2011 | -27.18% | -1260.93% | 0.02x | 1.03x | CA$-1.89 Million |
| 2012 | -194.97% | 0.00% | 0.00x | 1.16x | CA$-3.73 Million |
| 2013 | -188.75% | 0.00% | 0.00x | 1.64x | CA$-1.16 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-980.88K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.03 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$608.54K |
| 2017 | -370.30% | 0.00% | 0.00x | 4.62x | CA$-1.02 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-683.13K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-885.21K |
| 2020 | -59.73% | 0.00% | 0.00x | 1.09x | CA$-913.44K |
| 2021 | -205.60% | 0.00% | 0.00x | 1.27x | CA$-2.50 Million |
| 2022 | -5050.46% | 0.00% | 0.00x | 12.60x | CA$-1.55 Million |
| 2023 | -533.81% | 0.00% | 0.00x | 2.08x | CA$-1.07 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-937.58K |
Industry Comparison
This section compares Silver Spruce Resources 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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Silver Spruce Resources Inc (SSE) | CA$-465.85K | -408.00% | N/A | $3.44 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Silver Spruce Resources Inc
Silver Spruce Resources Inc., an exploration stage company, engages in the exploration of precious and base minerals. The company primarily explores for silver, lead, zinc, copper, gold, and base and rare earth elements. The company was formerly known as First Labrador Acquisitions Inc. and changed its name to Silver Spruce Resources Inc. in October 2004. Silver Spruce Resources Inc. was incorpor… Read more