Sarama Resource (SWA) - Net Assets
Based on the latest financial reports, Sarama Resource (SWA) has net assets worth CA$-1.42 Million CAD (≈ $-1.02 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$359.53K ≈ $260.08K USD) and total liabilities (CA$1.78 Million ≈ $1.28 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Sarama Resource (SWA) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.42 Million |
| % of Total Assets | -393.99% |
| Annual Growth Rate | N/A |
| 5-Year Change | -181.06% |
| 10-Year Change | -104.29% |
| Growth Volatility | 50.62 |
Sarama Resource - Net Assets Trend (2011–2025)
This chart illustrates how Sarama Resource's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Sarama Resource to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sarama Resource (2011–2025)
The table below shows the annual net assets of Sarama Resource from 2011 to 2025. For live valuation and market cap data, see SWA market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$-1.01 Million ≈ $-729.59K |
-332.87% |
| 2024-12-31 | CA$-233.00K ≈ $-168.55K |
-117.48% |
| 2023-12-31 | CA$1.33 Million ≈ $964.39K |
-43.16% |
| 2022-12-31 | CA$2.35 Million ≈ $1.70 Million |
+88.52% |
| 2021-12-31 | CA$1.24 Million ≈ $900.04K |
-44.39% |
| 2020-12-31 | CA$2.24 Million ≈ $1.62 Million |
-20.33% |
| 2019-12-31 | CA$2.81 Million ≈ $2.03 Million |
+19.46% |
| 2018-12-31 | CA$2.35 Million ≈ $1.70 Million |
+14.71% |
| 2017-12-31 | CA$2.05 Million ≈ $1.48 Million |
-91.28% |
| 2016-12-31 | CA$23.49 Million ≈ $16.99 Million |
+1.25% |
| 2015-12-31 | CA$23.20 Million ≈ $16.78 Million |
-19.07% |
| 2014-12-31 | CA$28.67 Million ≈ $20.74 Million |
-0.59% |
| 2013-12-31 | CA$28.84 Million ≈ $20.86 Million |
+3.47% |
| 2012-12-31 | CA$27.87 Million ≈ $20.16 Million |
+26.24% |
| 2011-12-31 | CA$22.08 Million ≈ $15.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sarama Resource'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 6787944700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$68.84 Million | % |
| Total Equity | CA$-1.01 Million | 100.00% |
Sarama Resource Competitors by Market Cap
The table below lists competitors of Sarama Resource ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Thanasiri Group Public Company Limited
BK:THANA
|
$13.40 Million |
|
BioLineRx Ltd
NASDAQ:BLRX
|
$13.41 Million |
|
Cashlez Worldwide Indonesia Tbk
JK:CASH
|
$13.42 Million |
|
High Peak Royalties Ltd
AU:HPR
|
$13.43 Million |
|
Lexaria Bioscience Corp
NASDAQ:LEXX
|
$13.39 Million |
|
AroCell AB
ST:AROC
|
$13.39 Million |
|
Imexhs Ltd
AU:IME
|
$13.39 Million |
|
Melbana Energy Ltd
AU:MAY
|
$13.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sarama Resource's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -232,999 to -1,008,579, a change of -775,580.
- Net loss of 2,779,504 reduced equity.
- New share issuances of 1,763,440 increased equity.
- Other factors increased equity by 240,484.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.78 Million | -275.59% |
| Share Issuances | CA$1.76 Million | +174.84% |
| Other Changes | CA$240.48K | +23.84% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Sarama Resource'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 |
|---|---|---|---|
| 2011-12-31 | CA$1.93 | CA$0.04 | x |
| 2012-12-31 | CA$1.54 | CA$0.04 | x |
| 2013-12-31 | CA$1.31 | CA$0.04 | x |
| 2014-12-31 | CA$1.11 | CA$0.04 | x |
| 2015-12-31 | CA$0.80 | CA$0.04 | x |
| 2016-12-31 | CA$0.68 | CA$0.04 | x |
| 2017-12-31 | CA$0.05 | CA$0.04 | x |
| 2018-12-31 | CA$0.04 | CA$0.04 | x |
| 2019-12-31 | CA$0.04 | CA$0.04 | x |
| 2020-12-31 | CA$0.03 | CA$0.04 | x |
| 2021-12-31 | CA$0.01 | CA$0.04 | x |
| 2022-12-31 | CA$0.02 | CA$0.04 | x |
| 2023-12-31 | CA$0.01 | CA$0.04 | x |
| 2024-12-31 | CA$0.00 | CA$0.04 | x |
| 2025-12-31 | CA$0.00 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sarama Resource utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-75.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -6.79% | -76.72% | 0.08x | 1.07x | CA$-3.71 Million |
| 2012 | -26.50% | 0.00% | 0.00x | 1.16x | CA$-10.17 Million |
| 2013 | 1.75% | 0.00% | 0.00x | 1.01x | CA$-2.38 Million |
| 2014 | -7.31% | -11747.42% | 0.00x | 1.01x | CA$-4.96 Million |
| 2015 | -25.84% | 0.00% | 0.00x | 1.03x | CA$-8.32 Million |
| 2016 | -10.61% | 0.00% | 0.00x | 1.08x | CA$-4.84 Million |
| 2017 | -87.15% | 0.00% | 0.00x | 1.21x | CA$-1.99 Million |
| 2018 | -123.40% | 0.00% | 0.00x | 1.12x | CA$-3.14 Million |
| 2019 | -158.39% | 0.00% | 0.00x | 1.52x | CA$-4.73 Million |
| 2020 | -115.20% | 0.00% | 0.00x | 1.71x | CA$-2.80 Million |
| 2021 | -209.58% | 0.00% | 0.00x | 2.57x | CA$-2.73 Million |
| 2022 | -179.16% | 0.00% | 0.00x | 1.30x | CA$-4.44 Million |
| 2023 | -185.93% | 0.00% | 0.00x | 1.85x | CA$-2.61 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.26 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.68 Million |
Industry Comparison
This section compares Sarama Resource's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,627,283,631
- Average return on equity (ROE) among peers: -26.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sarama Resource (SWA) | CA$-1.42 Million | -6.79% | N/A | $13.40 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $3.28 Billion |
| Abcourt Mines Inc. (ABI) | $307.00K | -91.86% | 0.01x | $60.24 Million |
| Barrick Gold Corp (ABX) | $5.60 Billion | 4.09% | 0.38x | $69.18 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $132.56 Million |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 9.99% | 0.48x | $85.39 Billion |
| Alamos Gold Inc (AGI) | $811.95 Million | 4.78% | 0.11x | $15.61 Billion |
| AIS Resources Ltd (AIS) | $2.11 Million | -4.60% | 0.02x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-2.11 Million | 0.00% | 0.00x | $1.90 Million |
| Altamira Gold Corp (ALTA) | $12.15 Million | -9.13% | 0.05x | $37.53 Million |
| Almaden Minerals Ltd (AMM) | $9.76 Million | -31.42% | 0.05x | $24.82 Million |
About Sarama Resource
Sarama Resources Ltd, an exploration stage company, engages in the sourcing, acquisition, exploration, and development of mineral properties in Australia and Burkina Faso. The company holds 80% interests in the Cosmo gold project, which comprises 7 contiguous exploration tenements covering an area of approximately 580 square kilometers located in Western Australia; and the Mt Venn project coverin… Read more