Tearlach Resources Ltd
Tearlach Resources Limited engages in the acquisition, exploration, and development of lithium projects in the Americas. It holds interests in the Savant East project, Wesley Lithium project, Harth Lithium project, Pakwan project, Shelby projects, Fliszar projects, Georgina Stairs project, Rhyolite Peak project, and Long Lake project. The company is headquartered in Vancouver, Canada.
Tearlach Resources Ltd (TEA) - Net Assets
Latest net assets as of June 2024: CA$1.46 Million CAD
Based on the latest financial reports, Tearlach Resources Ltd (TEA) has net assets worth CA$1.46 Million CAD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.48 Million) and total liabilities (CA$1.02 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.46 Million |
| % of Total Assets | 58.8% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Tearlach Resources Ltd - Net Assets Trend (2017–2023)
This chart illustrates how Tearlach Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tearlach Resources Ltd (2017–2023)
The table below shows the annual net assets of Tearlach Resources Ltd from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$3.89 Million | +1070.48% |
| 2022-09-30 | CA$-400.60K | -61.83% |
| 2021-09-30 | CA$-247.55K | -15.78% |
| 2020-09-30 | CA$-213.81K | -30.34% |
| 2019-09-30 | CA$-164.04K | +95.84% |
| 2018-09-30 | CA$-3.95 Million | -8.74% |
| 2017-09-30 | CA$-3.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tearlach Resources 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 531021900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$26.99 Million | 694.30% |
| Total Equity | CA$3.89 Million | 100.00% |
Tearlach Resources Ltd Competitors by Market Cap
The table below lists competitors of Tearlach Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exceed World Inc
PINK:EXDW
|
$922.40K |
|
Arch Therapeutics Inc
OTCQB:ARTH
|
$923.89K |
|
Seya Industries Limited
NSE:SEYAIND
|
$924.28K |
|
Minera IRL Limited
PINK:MRLLF
|
$924.54K |
|
Insight Acquisition Corp. Class A Common Stock
NASDAQ:INAQ
|
$921.81K |
|
Sino AG
XETRA:XTP
|
$921.71K |
|
Enry S Island Spa Sb
VI:EIOS
|
$920.38K |
|
TCW Transform Systems ETF
NASDAQ:PWRD
|
$920.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tearlach Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -400,599 to 3,887,752, a change of 4,288,351.
- Net loss of 6,505,819 reduced equity.
- New share issuances of 8,585,668 increased equity.
- Other factors increased equity by 2,208,502.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.51 Million | -167.34% |
| Share Issuances | CA$8.59 Million | +220.84% |
| Other Changes | CA$2.21 Million | +56.81% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Tearlach Resources 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: 0.34x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | CA$-0.15 | CA$0.02 | x |
| 2018-09-30 | CA$-0.16 | CA$0.02 | x |
| 2019-09-30 | CA$0.00 | CA$0.02 | x |
| 2020-09-30 | CA$0.00 | CA$0.02 | x |
| 2021-09-30 | CA$0.00 | CA$0.02 | x |
| 2022-09-30 | CA$-0.01 | CA$0.02 | x |
| 2023-09-30 | CA$0.04 | CA$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tearlach Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -167.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-167.34%) is below the historical average (-23.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-38.41K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$77.42K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$1.68 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-28.39K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-111.60K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-112.99K |
| 2023 | -167.34% | 0.00% | 0.00x | 1.12x | CA$-6.89 Million |
Industry Comparison
This section compares Tearlach Resources Ltd'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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tearlach Resources Ltd (TEA) | CA$1.46 Million | 0.00% | 0.70x | $922.11K |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |