XXL Energy Corp (XL) - Net Assets

Latest as of September 2025: CA$-47.49 Million CAD ≈ $-34.35 Million USD

Based on the latest financial reports, XXL Energy Corp (XL) has net assets worth CA$-47.49 Million CAD (≈ $-34.35 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$7.00 Million ≈ $5.06 Million USD) and total liabilities (CA$54.49 Million ≈ $39.42 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. Read XXL Energy Corp balance sheet liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$-47.49 Million
% of Total Assets	-678.65%
Annual Growth Rate	N/A
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	N/A

XXL Energy Corp - Net Assets Trend (2013–2024)

This chart illustrates how XXL Energy Corp's net assets have evolved over time, based on quarterly financial data. Also explore XXL Energy Corp asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for XXL Energy Corp (2013–2024)

The table below shows the annual net assets of XXL Energy Corp from 2013 to 2024. For live valuation and market cap data, see XXL Energy Corp market capitalisation.

Year	Net Assets	Change
2024-12-31	CA$-42.42 Million ≈ $-30.68 Million	-13.61%
2023-12-31	CA$-37.34 Million ≈ $-27.01 Million	-12.02%
2022-12-31	CA$-33.33 Million ≈ $-24.11 Million	+0.55%
2021-12-31	CA$-33.52 Million ≈ $-24.24 Million	-9.63%
2020-12-31	CA$-30.57 Million ≈ $-22.12 Million	-44.01%
2019-12-31	CA$-21.23 Million ≈ $-15.36 Million	-24.12%
2018-12-31	CA$-17.10 Million ≈ $-12.37 Million	-9.36%
2017-12-31	CA$-15.64 Million ≈ $-11.31 Million	-15.22%
2016-12-31	CA$-13.57 Million ≈ $-9.82 Million	-13.81%
2015-12-31	CA$-11.93 Million ≈ $-8.63 Million	-12.57%
2014-12-31	CA$-10.59 Million ≈ $-7.66 Million	-11.99%
2013-12-31	CA$-9.46 Million ≈ $-6.84 Million	--

Equity Component Analysis

This analysis shows how different components contribute to XXL Energy 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 3544228300.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	CA$87.95 Million	%
Total Equity	CA$-42.42 Million	100.00%

XXL Energy Corp Competitors by Market Cap

The table below lists competitors of XXL Energy Corp ranked by their market capitalization.

Company	Market Cap
Crystal Amber Fund Limited LSE:CRS	$736.07K
New Energy Metals Corp V:ENRG	$736.98K
Ilika plc LSE:IKA	$737.07K
Micromobility.com Inc. NASDAQ:MCOM	$737.72K
International Iconic Gold Exploration Corp V:ICON	$732.97K
Lucky Minerals Inc V:LKY	$731.54K
EGR EXPL LTD F:Z0R	$731.26K
Manz AG F:M5Z	$728.66K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in XXL Energy Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from -37,337,099 to -42,417,866, a change of -5,080,767.
Net loss of 6,124,040 reduced equity.
Other factors increased equity by 1,043,273.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-6.12 Million	-14.44%
Other Changes	CA$1.04 Million	+2.46%
Total Change	CA$-	%

Book Value vs Market Value Analysis

This analysis compares XXL Energy 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

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CA$-2.16	CA$0.14	x
2018-12-31	CA$-2.36	CA$0.14	x
2019-12-31	CA$-2.93	CA$0.14	x
2020-12-31	CA$-4.22	CA$0.14	x
2021-12-31	CA$-4.62	CA$0.14	x
2022-12-31	CA$-4.60	CA$0.14	x
2023-12-31	CA$-5.15	CA$0.14	x
2024-12-31	CA$-5.85	CA$0.14	x

Capital Efficiency Dashboard

This dashboard shows how efficiently XXL Energy 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): 0.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -300.53%
• Asset Turnover: 0.24x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is below the historical average (0.00%), 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	0.00%	-478.30%	0.16x	0.00x	CA$-313.24K
2014	0.00%	-590.10%	0.20x	0.00x	CA$-631.68K
2015	0.00%	-1611.40%	0.26x	0.00x	CA$-1.14 Million
2016	0.00%	-1572.14%	0.18x	0.00x	CA$-247.72K
2017	0.00%	-1219.53%	0.26x	0.00x	CA$-15.61K
2018	0.00%	-21.41%	0.60x	0.00x	CA$70.17K
2019	0.00%	-88.39%	0.36x	0.00x	CA$-1.59 Million
2020	0.00%	-427.70%	0.47x	0.00x	CA$-6.06 Million
2021	0.00%	-88.01%	0.65x	0.00x	CA$440.87K
2022	0.00%	-33.44%	0.64x	0.00x	CA$1.85 Million
2023	0.00%	-113.20%	0.58x	0.00x	CA$6.14K
2024	0.00%	-300.53%	0.24x	0.00x	CA$-1.88 Million

Industry Comparison

This section compares XXL Energy 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: $642,696,496
Average return on equity (ROE) among peers: -12.81%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
XXL Energy Corp (XL)	CA$-47.49 Million	0.00%	N/A	$734.53K
Advantage Oil & Gas Ltd. (AAV)	$1.27 Billion	-1.67%	1.21x	$1.22 Billion
Africa Energy Corp (AFE)	$189.46K	0.00%	0.21x	$71.06 Million
Alvopetro Energy (ALV)	$60.57 Million	-7.17%	0.08x	$230.37 Million
Africa Oil Corp (AOI)	$929.85 Million	-5.66%	0.06x	$820.85 Million
Altima Resources Ltd (ARH)	$18.57 Million	-6.97%	0.60x	$19.37 Million
ARC Resources Ltd. (ARX)	$3.16 Billion	9.08%	0.68x	$13.26 Billion
Athabasca Oil Corp (ATH)	$965.95 Million	-58.97%	0.89x	$4.13 Billion
Altai Resources Inc. (ATI)	$4.45 Million	-2.56%	0.07x	$1.42 Million
Avanti Energy Inc (AVN)	$159.53K	-53.64%	0.35x	$24.04 Million
Arrow Exploration Corp (AXL)	$10.89 Million	-0.55%	0.12x	$84.78 Million

About XXL Energy Corp

V:XL Canada Oil & Gas E&P

Market Cap

$734.53K

CA$1.02 Million CAD

Market Cap Rank

#30379 Global

#1623 in Canada

Share Price

CA$0.14

Change (1 day)

-12.50%

52-Week Range

CA$0.14 - CA$0.22

All Time High

CA$0.48