Surge Copper Corp (SURG) - Net Assets
Based on the latest financial reports, Surge Copper Corp (SURG) has net assets worth CA$61.58 Million CAD (≈ $44.55 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$67.60 Million ≈ $48.90 Million USD) and total liabilities (CA$6.01 Million ≈ $4.35 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 SURG financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$61.58 Million |
| % of Total Assets | 91.1% |
| Annual Growth Rate | 16.84% |
| 5-Year Change | 64.08% |
| 10-Year Change | 150.26% |
| Growth Volatility | 99.93 |
Surge Copper Corp - Net Assets Trend (2001–2025)
This chart illustrates how Surge Copper Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Surge Copper Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Surge Copper Corp (2001–2025)
The table below shows the annual net assets of Surge Copper Corp from 2001 to 2025. For live valuation and market cap data, see Surge Copper Corp (SURG) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$52.44 Million ≈ $37.94 Million |
+12.96% |
| 2024-03-31 | CA$46.43 Million ≈ $33.59 Million |
+3.86% |
| 2023-03-31 | CA$44.70 Million ≈ $32.34 Million |
+7.62% |
| 2022-03-31 | CA$41.53 Million ≈ $30.05 Million |
+29.95% |
| 2021-03-31 | CA$31.96 Million ≈ $23.12 Million |
+47.00% |
| 2020-03-31 | CA$21.74 Million ≈ $15.73 Million |
-0.26% |
| 2019-03-31 | CA$21.80 Million ≈ $15.77 Million |
-0.45% |
| 2018-03-31 | CA$21.90 Million ≈ $15.84 Million |
+3.65% |
| 2017-03-31 | CA$21.13 Million ≈ $15.28 Million |
+0.81% |
| 2016-03-31 | CA$20.96 Million ≈ $15.16 Million |
+0.66% |
| 2015-03-31 | CA$20.82 Million ≈ $15.06 Million |
-2.17% |
| 2014-03-31 | CA$21.28 Million ≈ $15.39 Million |
+15.08% |
| 2013-03-31 | CA$18.49 Million ≈ $13.38 Million |
+30.58% |
| 2012-03-31 | CA$14.16 Million ≈ $10.24 Million |
+69.50% |
| 2011-03-31 | CA$8.35 Million ≈ $6.04 Million |
+44.74% |
| 2010-03-31 | CA$5.77 Million ≈ $4.18 Million |
+12.93% |
| 2009-03-31 | CA$5.11 Million ≈ $3.70 Million |
-5.97% |
| 2008-03-31 | CA$5.44 Million ≈ $3.93 Million |
+47.14% |
| 2007-03-31 | CA$3.69 Million ≈ $2.67 Million |
+139.19% |
| 2006-03-31 | CA$1.54 Million ≈ $1.12 Million |
+443.31% |
| 2005-03-31 | CA$284.27K ≈ $205.64K |
+272.24% |
| 2004-03-31 | CA$-165.04K ≈ $-119.39K |
-133.90% |
| 2003-03-31 | CA$486.83K ≈ $352.16K |
-29.14% |
| 2002-03-31 | CA$687.02K ≈ $496.98K |
-45.08% |
| 2001-03-31 | CA$1.25 Million ≈ $904.84K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Surge Copper Corp'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 2704562500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$87.59 Million | 167.02% |
| Total Equity | CA$52.44 Million | 100.00% |
Surge Copper Corp Competitors by Market Cap
The table below lists competitors of Surge Copper Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kabra Extrusion Technik Limited
NSE:KABRAEXTRU
|
$94.35 Million |
|
Pureun Mutual Savings Bank Co. Ltd
KQ:007330
|
$94.40 Million |
|
Dongbang Trans
KO:004140
|
$94.42 Million |
|
Federal Mogul Izmit Piston ve Pim Uretim Tesisleri AS
IS:FMIZP
|
$94.49 Million |
|
Bathurst Resources Ltd
AU:BRL
|
$94.27 Million |
|
Pembangunan Perumahan PT
JK:PTPP
|
$94.23 Million |
|
DHP Korea Co. Ltd
KQ:131030
|
$94.22 Million |
|
Quantum Corporation
NASDAQ:QMCO
|
$94.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Surge Copper Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 46,427,660 to 52,443,146, a change of 6,015,486 (13.0%).
- Net loss of 2,051,401 reduced equity.
- New share issuances of 7,364,661 increased equity.
- Other factors increased equity by 702,226.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.05 Million | -3.91% |
| Share Issuances | CA$7.36 Million | +14.04% |
| Other Changes | CA$702.23K | +1.34% |
| Total Change | CA$- | 12.96% |
Book Value vs Market Value Analysis
This analysis compares Surge Copper Corp'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: 3.66x
- 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 0.06x to 3.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-03-31 | CA$10.49 | CA$0.66 | x |
| 2002-03-31 | CA$1.35 | CA$0.66 | x |
| 2003-03-31 | CA$0.80 | CA$0.66 | x |
| 2004-03-31 | CA$-0.27 | CA$0.66 | x |
| 2005-03-31 | CA$0.41 | CA$0.66 | x |
| 2006-03-31 | CA$1.32 | CA$0.66 | x |
| 2007-03-31 | CA$2.00 | CA$0.66 | x |
| 2008-03-31 | CA$1.93 | CA$0.66 | x |
| 2009-03-31 | CA$1.55 | CA$0.66 | x |
| 2010-03-31 | CA$1.31 | CA$0.66 | x |
| 2011-03-31 | CA$0.72 | CA$0.66 | x |
| 2012-03-31 | CA$0.48 | CA$0.66 | x |
| 2013-03-31 | CA$0.67 | CA$0.66 | x |
| 2014-03-31 | CA$0.63 | CA$0.66 | x |
| 2015-03-31 | CA$0.57 | CA$0.66 | x |
| 2016-03-31 | CA$0.39 | CA$0.66 | x |
| 2017-03-31 | CA$0.46 | CA$0.66 | x |
| 2018-03-31 | CA$0.44 | CA$0.66 | x |
| 2019-03-31 | CA$0.38 | CA$0.66 | x |
| 2020-03-31 | CA$0.37 | CA$0.66 | x |
| 2021-03-31 | CA$0.35 | CA$0.66 | x |
| 2022-03-31 | CA$0.26 | CA$0.66 | x |
| 2023-03-31 | CA$0.26 | CA$0.66 | x |
| 2024-03-31 | CA$0.21 | CA$0.66 | x |
| 2025-03-31 | CA$0.18 | CA$0.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Surge Copper Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.09x
- Recent ROE (-3.91%) is above the historical average (-15.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -17.54% | 0.00% | 0.00x | 1.04x | CA$-344.54K |
| 2002 | -92.75% | 0.00% | 0.00x | 1.13x | CA$-705.90K |
| 2003 | -106.20% | -11325.94% | 0.01x | 1.21x | CA$-565.71K |
| 2004 | 0.00% | -1317.02% | 6.07x | 0.00x | CA$-635.37K |
| 2005 | -59.61% | 0.00% | 0.00x | 1.75x | CA$-197.87K |
| 2006 | -13.89% | 0.00% | 0.00x | 1.13x | CA$-368.96K |
| 2007 | -3.20% | 0.00% | 0.00x | 1.05x | CA$-487.61K |
| 2008 | -1.70% | 0.00% | 0.00x | 1.10x | CA$-635.97K |
| 2009 | -8.97% | 0.00% | 0.00x | 1.12x | CA$-969.78K |
| 2010 | -10.37% | 0.00% | 0.00x | 1.09x | CA$-1.18 Million |
| 2011 | -3.28% | 0.00% | 0.00x | 1.03x | CA$-1.11 Million |
| 2012 | 12.62% | 0.00% | 0.00x | 1.05x | CA$370.97K |
| 2013 | -14.53% | 0.00% | 0.00x | 1.07x | CA$-4.54 Million |
| 2014 | -6.72% | 0.00% | 0.00x | 1.05x | CA$-3.56 Million |
| 2015 | -5.95% | 0.00% | 0.00x | 1.06x | CA$-3.32 Million |
| 2016 | -5.18% | 0.00% | 0.00x | 1.04x | CA$-3.18 Million |
| 2017 | -3.73% | 0.00% | 0.00x | 1.03x | CA$-2.90 Million |
| 2018 | -0.85% | 0.00% | 0.00x | 1.02x | CA$-2.37 Million |
| 2019 | -1.78% | 0.00% | 0.00x | 1.02x | CA$-2.57 Million |
| 2020 | -0.78% | 0.00% | 0.00x | 1.02x | CA$-2.34 Million |
| 2021 | -18.16% | 0.00% | 0.00x | 1.06x | CA$-9.00 Million |
| 2022 | -11.77% | 0.00% | 0.00x | 1.14x | CA$-9.04 Million |
| 2023 | -4.73% | 0.00% | 0.00x | 1.13x | CA$-6.58 Million |
| 2024 | -3.74% | 0.00% | 0.00x | 1.11x | CA$-6.38 Million |
| 2025 | -3.91% | 0.00% | 0.00x | 1.09x | CA$-7.30 Million |
Industry Comparison
This section compares Surge Copper Corp'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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Surge Copper Corp (SURG) | CA$61.58 Million | -17.54% | 0.10x | $94.29 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $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) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Surge Copper Corp
Surge Copper Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for copper, gold, silver, and molybdenum deposits. The company's flagship project is the 100% owned Berg Property that consist of 93 mineral claims covering 36,056.32 hectares situated in British Columbia. The company was formerly known as Gold Reach Resources Ltd. and changed … Read more