Spartan Delta Corp
Spartan Delta Corp. engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada. Its assets are located in Duvernay and Deep Basin in Canada. The company was formerly known as Return Energy Inc. and changed its name to Spartan Delta Corp. in May 2020. Spartan Delta Corp. was incorporated in 2006 and is headquartered in Calgary, Canada.
Spartan Delta Corp (DALXF) - Total Assets
Latest total assets as of September 2025: $1.09 Billion USD
Based on the latest financial reports, Spartan Delta Corp (DALXF) holds total assets worth $1.09 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Spartan Delta Corp - Total Assets Trend (2006–2024)
This chart illustrates how Spartan Delta Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Spartan Delta Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Spartan Delta Corp's total assets of $1.09 Billion consist of 22.6% current assets and 77.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.1% |
| Accounts Receivable | $47.15 Million | 5.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2006–2024)
This chart illustrates how Spartan Delta Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Spartan Delta Corp's current assets represent 22.6% of total assets in 2024, a decrease from 51.7% in 2006.
- Cash Position: Cash and equivalents constituted 0.1% of total assets in 2024, down from 47.0% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2006.
- Asset Diversification: The largest asset category is accounts receivable at 5.1% of total assets.
Spartan Delta Corp Competitors by Total Assets
Key competitors of Spartan Delta Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Spartan Delta Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Spartan Delta Corp generates 0.33x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Spartan Delta Corp generates $ 3.67 in net profit.
Spartan Delta Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.74 | 0.80 | 0.54 |
| Quick Ratio | 0.74 | 0.80 | 0.64 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-73.92 Million | $ -49.30 Million | $ -21.21 Million |
Spartan Delta Corp - Advanced Valuation Insights
This section examines the relationship between Spartan Delta Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.18 |
| Latest Market Cap to Assets Ratio | 0.36 |
| Asset Growth Rate (YoY) | 13.9% |
| Total Assets | $933.14 Million |
| Market Capitalization | $334.78 Million USD |
Valuation Analysis
Below Book Valuation: The market values Spartan Delta Corp's assets below their book value (0.36 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Spartan Delta Corp's assets grew by 13.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Spartan Delta Corp (2006–2024)
The table below shows the annual total assets of Spartan Delta Corp from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $933.14 Million | +13.86% |
| 2023-12-31 | $819.52 Million | -60.97% |
| 2022-12-31 | $2.10 Billion | +20.49% |
| 2021-12-31 | $1.74 Billion | +425.73% |
| 2020-12-31 | $331.43 Million | +867.82% |
| 2019-12-31 | $34.25 Million | +178.99% |
| 2018-12-31 | $12.27 Million | -19.28% |
| 2017-12-31 | $15.21 Million | +54.50% |
| 2016-12-31 | $9.84 Million | +3051.67% |
| 2015-12-31 | $312.31K | -74.24% |
| 2014-12-31 | $1.21 Million | -80.26% |
| 2013-12-31 | $6.14 Million | +45.77% |
| 2012-12-31 | $4.21 Million | -12.38% |
| 2011-12-31 | $4.81 Million | -38.27% |
| 2010-12-31 | $7.79 Million | -25.74% |
| 2009-12-31 | $10.49 Million | -19.80% |
| 2008-12-31 | $13.08 Million | -26.80% |
| 2007-12-31 | $17.86 Million | +21.46% |
| 2006-12-31 | $14.71 Million | -- |