Gold Reserve Ltd. (97Z) - Net Assets
Based on the latest financial reports, Gold Reserve Ltd. (97Z) has net assets worth €72.39 Million EUR as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€92.62 Million) and total liabilities (€20.23 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 | €72.39 Million |
| % of Total Assets | 78.16% |
| Annual Growth Rate | 2.74% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 75.12 |
Gold Reserve Ltd. - Net Assets Trend (2021–2024)
This chart illustrates how Gold Reserve Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gold Reserve Ltd. (2021–2024)
The table below shows the annual net assets of Gold Reserve Ltd. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €65.10 Million | +127.82% |
| 2023-12-31 | €28.58 Million | -44.61% |
| 2022-12-31 | €51.59 Million | -14.06% |
| 2021-12-31 | €60.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gold Reserve 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 4690449100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €398.68 Million | 612.42% |
| Total Equity | €65.10 Million | 100.00% |
Gold Reserve Ltd. Competitors by Market Cap
The table below lists competitors of Gold Reserve Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLOUDBERRY CL.EN. NK -25
F:52K
|
$333.84 Million |
|
Taiwan Kong King Co Ltd
TWO:3093
|
$333.84 Million |
|
Aeroporto Guglielmo Marconi di Bologna S.p.A
F:169
|
$333.90 Million |
|
Suzhou Institute of Building Science Group Co Ltd
SHG:603183
|
$333.92 Million |
|
Rojana Industrial Park Public Company Limited
BK:ROJNA
|
$333.77 Million |
|
Cipher Pharmaceuticals Inc
TO:CPH
|
$333.76 Million |
|
DiaMedica Therapeutics Inc
NASDAQ:DMAC
|
$333.53 Million |
|
Lifezone Metals Limited
NYSE:LZM
|
$333.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Reserve Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,575,372 to 65,099,196, a change of 36,523,824 (127.8%).
- Net loss of 15,188,983 reduced equity.
- New share issuances of 51,000,003 increased equity.
- Other factors increased equity by 712,804.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-15.19 Million | -23.33% |
| Share Issuances | €51.00 Million | +78.34% |
| Other Changes | €712.80K | +1.09% |
| Total Change | €- | 127.82% |
Book Value vs Market Value Analysis
This analysis compares Gold Reserve 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: 6.01x
- 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 5.74x to 6.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.60 | €3.46 | x |
| 2022-12-31 | €0.52 | €3.46 | x |
| 2023-12-31 | €0.29 | €3.46 | x |
| 2024-12-31 | €0.58 | €3.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Reserve 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): -23.33%
- 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: 1.21x
- Recent ROE (-23.33%) is above the historical average (-34.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -17.65% | 0.00% | 0.00x | 1.01x | €-16.60 Million |
| 2022 | -16.66% | 0.00% | 0.00x | 1.03x | €-13.76 Million |
| 2023 | -80.91% | 0.00% | 0.00x | 1.39x | €-25.98 Million |
| 2024 | -23.33% | 0.00% | 0.00x | 1.21x | €-21.70 Million |
Industry Comparison
This section compares Gold Reserve Ltd.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $39,198,765
- Average return on equity (ROE) among peers: -40.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Reserve Ltd. (97Z) | €72.39 Million | -17.65% | 0.28x | $333.78 Million |
| Pearl Gold AG (02P) | $198.54 Million | -1.69% | 0.00x | $16.66 Million |
| AMIGO HLDGS PLC. LS-0025 (0VG) | $47.90 Million | 354.09% | 4.95x | $28.02 Million |
| Asante Gold Corporation (1A9) | $2.19 Million | -22.93% | 1.52x | $750.30 Million |
| American Pacific Mining Corp (1QC1) | $3.14 Million | 0.00% | 0.20x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $17.87 Million | -9.87% | 0.17x | $236.82 Million |
| Rio2 Limited (1SB) | $123.08 Million | -11.08% | 2.81x | $905.31 Million |
| GREENHAWK RESOURCES INC. (2V70) | $-338.95K | 0.00% | 0.00x | $453.49K |
| THETA GOLD MNS LTD (3LM) | $-2.12 Million | 0.00% | 0.00x | $149.39 Million |
| McLaren Resources Inc (3ML) | $165.58K | -580.55% | 1.83x | $2.76 Million |
| RIO GRANDE RESOURCES LTD. (488) | $1.57 Million | -130.13% | 0.95x | $6.72 Million |
About Gold Reserve Ltd.
Gold Reserve Ltd. engages in acquiring, exploring, and developing mining projects. It holds interest in the LMS Gold project located in Alaska, the United States. The company was founded in 1956 and is based in Pembroke, Bermuda.