Tenth Avenue Petroleum Corp
Tenth Avenue Petroleum Corp. engages in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company was formerly known as Jadela Oil Corp. and changed its name to Tenth Avenue Petroleum Corp. in May 2015. Tenth Avenue Petroleum Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.
Tenth Avenue Petroleum Corp (TPC) - Net Assets
Latest net assets as of September 2025: CA$-345.93K CAD
Based on the latest financial reports, Tenth Avenue Petroleum Corp (TPC) has net assets worth CA$-345.93K CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.46 Million) and total liabilities (CA$6.80 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-345.93K |
| % of Total Assets | -5.36% |
| Annual Growth Rate | -0.42% |
| 5-Year Change | N/A |
| 10-Year Change | 0.19% |
| Growth Volatility | 144.67 |
Tenth Avenue Petroleum Corp - Net Assets Trend (2013–2024)
This chart illustrates how Tenth Avenue Petroleum Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tenth Avenue Petroleum Corp (2013–2024)
The table below shows the annual net assets of Tenth Avenue Petroleum Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$631.67K | -62.10% |
| 2023-12-31 | CA$1.67 Million | -42.28% |
| 2022-12-31 | CA$2.89 Million | +277.30% |
| 2021-12-31 | CA$765.26K | +238.37% |
| 2020-12-31 | CA$-553.04K | -34.94% |
| 2019-12-31 | CA$-409.85K | -158.91% |
| 2017-12-31 | CA$-158.30K | -250.13% |
| 2016-12-31 | CA$105.44K | -42.25% |
| 2015-12-31 | CA$182.59K | -71.04% |
| 2014-12-31 | CA$630.48K | -4.74% |
| 2013-12-31 | CA$661.84K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tenth Avenue Petroleum 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 715007800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$28.85 Million | 4567.34% |
| Total Equity | CA$631.67K | 100.00% |
Tenth Avenue Petroleum Corp Competitors by Market Cap
The table below lists competitors of Tenth Avenue Petroleum Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Klil Industries Ltd
TA:KLIL
|
$1.04 Million |
|
Eka Sari Lorena Transport Tbk
JK:LRNA
|
$1.04 Million |
|
Amixa Holding Nyrt
BUD:AMIXA
|
$1.04 Million |
|
EARTHS Energy Ltd
AU:EE1
|
$1.04 Million |
|
AKDITAL
BC:AKDITAL
|
$1.04 Million |
|
Enrg Elements Ltd
AU:EEL
|
$1.04 Million |
|
Barys Resources Limited
AU:BRY
|
$1.04 Million |
|
Poddar Housing and Development Limited
NSE:PODDARHOUS
|
$1.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tenth Avenue Petroleum Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,666,639 to 631,671, a change of -1,034,968 (-62.1%).
- Net loss of 1,531,126 reduced equity.
- New share issuances of 388,716 increased equity.
- Other factors increased equity by 107,442.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.53 Million | -242.39% |
| Share Issuances | CA$388.72K | +61.54% |
| Other Changes | CA$107.44K | +17.01% |
| Total Change | CA$- | -62.10% |
Book Value vs Market Value Analysis
This analysis compares Tenth Avenue Petroleum 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: 4.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$-0.04 | CA$0.07 | x |
| 2020-12-31 | CA$-0.05 | CA$0.07 | x |
| 2021-12-31 | CA$0.04 | CA$0.07 | x |
| 2022-12-31 | CA$0.07 | CA$0.07 | x |
| 2023-12-31 | CA$0.04 | CA$0.07 | x |
| 2024-12-31 | CA$0.01 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tenth Avenue Petroleum Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -242.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -54.49%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 11.66x
- Recent ROE (-242.39%) is below the historical average (-73.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -129.53% | -427.91% | 0.18x | 1.68x | CA$-923.45K |
| 2014 | -70.71% | -237.41% | 0.20x | 1.48x | CA$-508.87K |
| 2015 | -171.40% | -234.01% | 0.26x | 2.80x | CA$-331.21K |
| 2016 | -73.16% | -86.04% | 0.21x | 4.12x | CA$-87.69K |
| 2017 | 0.00% | -117.04% | 0.17x | 0.00x | CA$-363.07K |
| 2019 | 0.00% | -60.63% | 0.44x | 0.00x | CA$-483.17K |
| 2020 | 0.00% | -16.11% | 0.38x | 0.00x | CA$-87.89K |
| 2021 | 50.24% | 98.53% | 0.21x | 2.44x | CA$307.94K |
| 2022 | -83.55% | -61.48% | 0.56x | 2.45x | CA$-2.70 Million |
| 2023 | -84.65% | -36.61% | 0.65x | 3.55x | CA$-1.58 Million |
| 2024 | -242.39% | -54.49% | 0.38x | 11.66x | CA$-1.59 Million |
Industry Comparison
This section compares Tenth Avenue Petroleum Corp's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $138,025,772
- Average return on equity (ROE) among peers: -9.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tenth Avenue Petroleum Corp (TPC) | CA$-345.93K | -129.53% | N/A | $1.04 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.21 Billion | -1.70% | 0.91x | $1.14 Billion |
| Alvopetro Energy (ALV) | $55.87 Million | -9.44% | 0.28x | $190.03 Million |
| Bison Gold Resources Inc (BGE) | $899.62K | -107.98% | 0.20x | $178.53K |
| Capitan Investment Ltd (CAI) | $8.61 Million | -19.92% | 0.13x | $283.50K |
| Canada Energy Partners Inc (CE-H) | $-617.75K | 0.00% | 0.00x | $99.62K |
| Benchmark Metals Inc (CEI) | $97.08 Million | -11.50% | 0.17x | $143.60 Million |
| Columbus Energy Limited (CEL-H) | $-587.57K | 0.00% | 0.00x | $456.61K |
| Criterium Energy Ltd. (CEQ) | $109.56K | 59.85% | 0.46x | $7.89 Million |
| Cavvy Energy Ltd. (CVVY) | $10.78 Million | -2.67% | 0.18x | $8.09K |
| District Mines Ltd (DIG-H) | $-397.45K | 0.00% | 0.00x | $1.17 Million |