Usha Resources Ltd (USHA) - Net Assets
Based on the latest financial reports, Usha Resources Ltd (USHA) has net assets worth CA$8.79 Million CAD (≈ $6.36 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$9.01 Million ≈ $6.52 Million USD) and total liabilities (CA$222.80K ≈ $161.17K 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 USHA cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$8.79 Million |
| % of Total Assets | 97.53% |
| Annual Growth Rate | 89.27% |
| 5-Year Change | 691.24% |
| 10-Year Change | N/A |
| Growth Volatility | 89.16 |
Usha Resources Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Usha Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Usha Resources Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Usha Resources Ltd (2018–2025)
The table below shows the annual net assets of Usha Resources Ltd from 2018 to 2025. For live valuation and market cap data, see USHA company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$8.71 Million ≈ $6.30 Million |
+66.24% |
| 2024-03-31 | CA$5.24 Million ≈ $3.79 Million |
-23.47% |
| 2023-03-31 | CA$6.84 Million ≈ $4.95 Million |
+197.95% |
| 2022-03-31 | CA$2.30 Million ≈ $1.66 Million |
+108.74% |
| 2021-03-31 | CA$1.10 Million ≈ $795.87K |
+104.80% |
| 2020-03-31 | CA$537.20K ≈ $388.60K |
+265.52% |
| 2019-03-31 | CA$146.97K ≈ $106.32K |
+46.98% |
| 2018-03-31 | CA$100.00K ≈ $72.34K |
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Equity Component Analysis
This analysis shows how different components contribute to Usha 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 771773300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$16.43 Million | 188.77% |
| Total Equity | CA$8.71 Million | 100.00% |
Usha Resources Ltd Competitors by Market Cap
The table below lists competitors of Usha Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burley Minerals Ltd
AU:BUR
|
$3.65 Million |
|
CBI Co. Ltd
KQ:013720
|
$3.65 Million |
|
ARC Funds Ltd
AU:ARC
|
$3.65 Million |
|
ZhongDe Waste Technology AG
F:ZEF
|
$3.65 Million |
|
Bitterroot Resources Ltd
V:BTT
|
$3.64 Million |
|
Indus Gas Ltd
F:59Q
|
$3.64 Million |
|
Arkha Jayanti Persada PT
JK:ARKA
|
$3.63 Million |
|
Telo Genomics Corp
V:TELO
|
$3.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Usha Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,236,382 to 8,705,218, a change of 3,468,836 (66.2%).
- Net loss of 162,515 reduced equity.
- New share issuances of 1,197,500 increased equity.
- Other factors increased equity by 2,433,851.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-162.51K | -1.87% |
| Share Issuances | CA$1.20 Million | +13.76% |
| Other Changes | CA$2.43 Million | +27.96% |
| Total Change | CA$- | 66.24% |
Book Value vs Market Value Analysis
This analysis compares Usha 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: 0.57x
- 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.
- The price-to-book ratio has decreased from 2.31x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | CA$0.02 | CA$0.06 | x |
| 2019-03-31 | CA$0.03 | CA$0.06 | x |
| 2020-03-31 | CA$0.05 | CA$0.06 | x |
| 2021-03-31 | CA$0.07 | CA$0.06 | x |
| 2022-03-31 | CA$0.10 | CA$0.06 | x |
| 2023-03-31 | CA$0.15 | CA$0.06 | x |
| 2024-03-31 | CA$0.09 | CA$0.06 | x |
| 2025-03-31 | CA$0.10 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Usha Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-1.87%) is above the historical average (-41.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -62.24% | 0.00% | 0.00x | 1.24x | CA$-106.17K |
| 2020 | -33.31% | 0.00% | 0.00x | 1.10x | CA$-232.68K |
| 2021 | -42.50% | 0.00% | 0.00x | 1.09x | CA$-577.64K |
| 2022 | -41.04% | 0.00% | 0.00x | 1.04x | CA$-1.17 Million |
| 2023 | -43.52% | 0.00% | 0.00x | 1.01x | CA$-3.66 Million |
| 2024 | -65.58% | 0.00% | 0.00x | 1.08x | CA$-3.96 Million |
| 2025 | -1.87% | 0.00% | 0.00x | 1.03x | CA$-1.03 Million |
Industry Comparison
This section compares Usha 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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Usha Resources Ltd (USHA) | CA$8.79 Million | -62.24% | 0.03x | $3.64 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $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) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Usha Resources Ltd
Usha Resources Ltd., a mineral acquisition and exploration company, focuses on the development of battery and precious metal properties. The company explores for gold, copper, lithium, and precious metals. Its flagship project is the White Willow Lithium Pegmatite, a lithium project that consists of 712 unpatented mining claims covering an area of 15,510 hectares located in the Thunder Bay Mining… Read more