Tearlach Resources Ltd (TEA) - Net Assets
Based on the latest financial reports, Tearlach Resources Ltd (TEA) has net assets worth CA$1.46 Million CAD (≈ $1.05 Million USD) 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 ≈ $1.79 Million USD) and total liabilities (CA$1.02 Million ≈ $738.70K 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 Tearlach Resources Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see market value of Tearlach Resources Ltd.
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. Also explore TEA shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$3.89 Million ≈ $2.81 Million |
+1070.48% |
| 2022-09-30 | CA$-400.60K ≈ $-289.79K |
-61.83% |
| 2021-09-30 | CA$-247.55K ≈ $-179.07K |
-15.78% |
| 2020-09-30 | CA$-213.81K ≈ $-154.67K |
-30.34% |
| 2019-09-30 | CA$-164.04K ≈ $-118.66K |
+95.84% |
| 2018-09-30 | CA$-3.95 Million ≈ $-2.86 Million |
-8.74% |
| 2017-09-30 | CA$-3.63 Million ≈ $-2.63 Million |
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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 |
|---|---|
|
Chariot Oil & Gas Limited
LSE:CHAR
|
$959.41K |
|
BIOCURE TECHNOLOGY INC.
F:1WH
|
$960.84K |
|
Rare Foods Australia Ltd
AU:RFA
|
$962.23K |
|
International Frontier Resources Corporation
V:IFR
|
$964.26K |
|
Queste Communications Ltd
AU:QUE
|
$957.77K |
|
Argo Blockchain PLC ADR
NASDAQ:ARBK
|
$957.54K |
|
Jubilee Platinum
LSE:JLP
|
$957.03K |
|
Tangiamo Touch Technology AB
ST:TANGI
|
$956.09K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tearlach Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -400,599 to 3,887,752, a change of 4,288,351.
- Net loss of 6,505,819 reduced equity.
- New share issuances of 8,585,668 increased equity.
- Other factors increased equity by 2,208,502.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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 same industry.
Industry Context
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 | $958.10K |
| Economic Investment Trust Ltd (EVT) | $1.52 Billion | 23.08% | 0.10x | $95.34 Million |
| Filament Health Corp (FH) | $2.49 Million | -213.60% | 1.24x | $1.89 Million |
| Odd Burger Corp (ODD) | $3.60 Million | -143.68% | 0.95x | $3.45 Million |
| Quorum Information Technologies Inc (QIS) | $18.91 Million | 2.51% | 0.10x | $42.09 Million |
About 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.