Horizon Gold Ltd (HRN) - Net Assets

Latest as of December 2025: AU$44.74 Million AUD ≈ $31.65 Million USD

Based on the latest financial reports, Horizon Gold Ltd (HRN) has net assets worth AU$44.74 Million AUD (≈ $31.65 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$57.98 Million ≈ $41.02 Million USD) and total liabilities (AU$13.24 Million ≈ $9.37 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. Check how resilient are Horizon Gold Ltd's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$44.74 Million
% of Total Assets	77.16%
Annual Growth Rate	5.98%
5-Year Change	34.78%
10-Year Change	14.6%
Growth Volatility	31.65

Horizon Gold Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Horizon Gold Ltd's net assets have evolved over time, based on quarterly financial data. Also explore HRN total asset value for the complete picture of this company's asset base.

Annual Net Assets for Horizon Gold Ltd (2014–2025)

The table below shows the annual net assets of Horizon Gold Ltd from 2014 to 2025. For live valuation and market cap data, see HRN stock market capitalisation.

Year	Net Assets	Change
2025-06-30	AU$33.53 Million ≈ $23.73 Million	+4.93%
2024-06-30	AU$31.96 Million ≈ $22.61 Million	+10.94%
2023-06-30	AU$28.80 Million ≈ $20.38 Million	-5.46%
2022-06-30	AU$30.47 Million ≈ $21.56 Million	+22.46%
2021-06-30	AU$24.88 Million ≈ $17.60 Million	+57.74%
2020-06-30	AU$15.77 Million ≈ $11.16 Million	+40.92%
2019-06-30	AU$11.19 Million ≈ $7.92 Million	-18.71%
2018-06-30	AU$13.77 Million ≈ $9.74 Million	-51.75%
2017-06-30	AU$28.53 Million ≈ $20.19 Million	-2.49%
2016-09-30	AU$29.26 Million ≈ $20.70 Million	0.00%
2016-06-30	AU$29.26 Million ≈ $20.70 Million	+67.79%
2015-06-30	AU$17.44 Million ≈ $12.34 Million	-1.47%
2014-06-30	AU$17.70 Million ≈ $12.52 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Horizon Gold 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 1277200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$51.98 Million	155.01%
Other Comprehensive Income	AU$445.00K	1.33%
Total Equity	AU$33.53 Million	100.00%

Horizon Gold Ltd Competitors by Market Cap

The table below lists competitors of Horizon Gold Ltd ranked by their market capitalization.

Company	Market Cap
KUB Malaysia Bhd KLSE:6874	$139.21 Million
Almogim Holdings Ltd TA:ALMA	$139.31 Million
First Farms A/S CO:FFARMS	$139.32 Million
Gabelli Healthcare & WellnessRx Trust NYSE:GRX	$139.34 Million
Eagle Cold Storage Enterprise Co Ltd TWO:8905	$139.15 Million
YFC-BonEagle Electric Co Ltd TWO:6220	$139.12 Million
Champion Microelectronic Corp TW:3257	$139.12 Million
CSC Steel Holdings Bhd KLSE:5094	$139.08 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Horizon Gold Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 31,956,000 to 33,533,000, a change of 1,577,000 (4.9%).
Net loss of 972,000 reduced equity.
Other comprehensive income increased equity by 1,163,000.
Other factors increased equity by 1,386,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-972.00K	-2.9%
Other Comprehensive Income	AU$1.16 Million	+3.47%
Other Changes	AU$1.39 Million	+4.13%
Total Change	AU$-	4.93%

Book Value vs Market Value Analysis

This analysis compares Horizon Gold 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: 4.36x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 3.00x to 4.36x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-06-30	AU$0.34	AU$1.01	x
2017-06-30	AU$0.58	AU$1.01	x
2018-06-30	AU$0.16	AU$1.01	x
2019-06-30	AU$0.13	AU$1.01	x
2020-06-30	AU$0.18	AU$1.01	x
2021-06-30	AU$0.27	AU$1.01	x
2022-06-30	AU$0.28	AU$1.01	x
2023-06-30	AU$0.23	AU$1.01	x
2024-06-30	AU$0.23	AU$1.01	x
2025-06-30	AU$0.23	AU$1.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Horizon Gold 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): -2.90%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -837.93%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.44x
Recent ROE (-2.90%) is above the historical average (-16.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	0.00%	0.00%	0.00x	0.00x	AU$-415.30K
2015	0.00%	0.00%	0.00x	0.00x	AU$-142.80K
2016	-103.84%	0.00%	0.00x	1.32x	AU$-33.31 Million
2017	31.34%	2599.13%	0.01x	1.36x	AU$6.09 Million
2018	-107.23%	-6591.07%	0.01x	1.76x	AU$-16.14 Million
2019	-23.02%	-2711.58%	0.00x	1.96x	AU$-3.70 Million
2020	29.04%	21809.52%	0.00x	1.75x	AU$3.00 Million
2021	-4.46%	-8538.46%	0.00x	1.46x	AU$-3.60 Million
2022	-1.60%	-358.09%	0.00x	1.38x	AU$-3.53 Million
2023	-7.44%	-1586.67%	0.00x	1.41x	AU$-5.02 Million
2024	-5.34%	-2623.08%	0.00x	1.38x	AU$-4.90 Million
2025	-2.90%	-837.93%	0.00x	1.44x	AU$-4.33 Million

Industry Comparison

This section compares Horizon Gold Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $7,107,544
Average return on equity (ROE) among peers: -107.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Horizon Gold Ltd (HRN)	AU$44.74 Million	0.00%	0.30x	$139.21 Million
Australasian Metals Ltd (A8G)	$5.85 Million	-16.53%	0.05x	$3.19 Million
Ariana Resources Plc (AA2)	$21.37 Million	-1.02%	0.03x	$59.56 Million
Aruma Resources Ltd (AAJ)	$4.26 Million	-76.11%	0.14x	$5.69 Million
Astral Resources NL (AAR)	$11.28 Million	49.48%	0.09x	$197.52 Million
Antilles Gold Ltd (AAU)	$4.86 Million	10.22%	0.16x	$28.68 Million
Adelong Gold Ltd (ADG)	$2.90 Million	-71.05%	0.15x	$11.32 Million
Ardiden Ltd (ADV)	$1.30 Million	-752.46%	0.85x	$58.54 Million
Australian Gold and Copper Ltd (AGC)	$17.69 Million	-3.27%	0.01x	$33.34 Million
Ark Mines Ltd (AHK)	$1.27 Million	-210.75%	0.02x	$17.91 Million
Alkane Resources Ltd (ALK)	$303.00K	-0.66%	2.68x	$1.39 Billion

About Horizon Gold Ltd

AU:HRN Australia Gold

Market Cap

$139.21 Million

AU$196.74 Million AUD

Market Cap Rank

#17919 Global

#545 in Australia

Share Price

AU$1.01

Change (1 day)

-7.34%

52-Week Range

AU$0.45 - AU$1.55

All Time High

AU$1.55