RED LAKE GOLD INC. (P11A) - Net Assets
Based on the latest financial reports, RED LAKE GOLD INC. (P11A) has net assets worth €12.75K EUR (≈ $14.91K USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€51.05K ≈ $59.69K USD) and total liabilities (€38.30K ≈ $44.78K 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. For live market cap and overall valuation, see RED LAKE GOLD INC. stock valuation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.75K |
| % of Total Assets | 24.97% |
| Annual Growth Rate | -63.32% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 46.92 |
RED LAKE GOLD INC. - Net Assets Trend (2021–2025)
This chart illustrates how RED LAKE GOLD INC.'s net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for RED LAKE GOLD INC. (2021–2025)
The table below shows the annual net assets of RED LAKE GOLD INC. from 2021 to 2025. See RED LAKE GOLD INC. (P11A) net asset quality to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | €37.88K ≈ $44.29K |
-98.49% |
| 2024-11-30 | €2.50 Million ≈ $2.93 Million |
+23.74% |
| 2023-11-30 | €2.02 Million ≈ $2.36 Million |
-6.69% |
| 2022-11-30 | €2.17 Million ≈ $2.53 Million |
+3.61% |
| 2021-11-30 | €2.09 Million ≈ $2.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to RED LAKE GOLD INC.'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 336971500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €5.65 Million | 14912.13% |
| Total Equity | €37.88K | 100.00% |
RED LAKE GOLD INC. Competitors by Market Cap
The table below lists competitors of RED LAKE GOLD INC. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Charles & Colvard Ltd
NASDAQ:CTHR
|
$1.41 Million |
|
ProAm Explorations Corp
V:PMX
|
$1.41 Million |
|
Rights and Issues Investment Trust Public Limited Company
LSE:RIII
|
$1.41 Million |
|
CO2 Gro Inc
V:GROW
|
$1.41 Million |
|
Beyon 3D Ltd
TA:BYON
|
$1.40 Million |
|
Niraj Ispat Industries Limited
NSE:NIRAJISPAT
|
$1.40 Million |
|
GeoVax Labs Inc
NASDAQ:GOVX
|
$1.40 Million |
|
Savannah Energy PLC
LSE:SAVE
|
$1.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RED LAKE GOLD INC.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,503,006 to 37,881, a change of -2,465,125 (-98.5%).
- Net loss of 2,491,275 reduced equity.
- Other factors increased equity by 26,150.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-2.49 Million | -6576.58% |
| Other Changes | €26.15K | +69.03% |
| Total Change | €- | -98.49% |
Book Value vs Market Value Analysis
This analysis compares RED LAKE GOLD INC.'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: 69.24x
- 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 0.79x to 69.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-11-30 | €0.07 | €0.05 | x |
| 2022-11-30 | €0.07 | €0.05 | x |
| 2023-11-30 | €0.06 | €0.05 | x |
| 2024-11-30 | €0.05 | €0.05 | x |
| 2025-11-30 | €0.00 | €0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RED LAKE GOLD INC. 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): -6576.58%
- 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: 1.67x
- Recent ROE (-6576.58%) is below the historical average (-1326.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -18.91% | 0.00% | 0.00x | 1.01x | €-604.89K |
| 2022 | -10.96% | 0.00% | 0.00x | 1.01x | €-454.30K |
| 2023 | -13.97% | 0.00% | 0.00x | 1.01x | €-484.96K |
| 2024 | -14.31% | 0.00% | 0.00x | 1.01x | €-608.56K |
| 2025 | -6576.58% | 0.00% | 0.00x | 1.67x | €-2.50 Million |
Industry Comparison
This section compares RED LAKE GOLD INC.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,698,036,707
- Average return on equity (ROE) among peers: -25.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RED LAKE GOLD INC. (P11A) | €12.75K | -18.91% | 3.00x | $1.40 Million |
| Pearl Gold AG (02P) | $69.49 Million | -0.87% | 1.02x | $15.49 Million |
| NEWPATH RESOURCES INC. (0MZ) | $-1.67 Million | 0.00% | 0.00x | $556.56K |
| SHAND.GOLD MNG LTD H HD 1 (188H) | $36.70 Billion | 3.40% | 1.47x | $3.17 Billion |
| Asante Gold Corporation (1A9) | $132.61 Million | -99.79% | 6.37x | $635.50 Million |
| American Pacific Mining Corp (1QC1) | $48.70 Million | 7.16% | 0.08x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $17.87 Million | -9.87% | 0.17x | $236.82 Million |
| WALKER RIVER RES CORP (1WV0) | $8.63 Million | -7.22% | 0.07x | $10.69 Million |
| CLARITY METALS CORP. (27G0) | $2.12 Million | -130.79% | 0.25x | $1.67 Million |
| CANDELARIA MINING CORP (29LN) | $-1.68 Million | 0.00% | 0.00x | $175.22K |
| SIXTY NORTH GOLD MIN.LTD. (2F40) | $7.83 Million | -15.12% | 0.05x | $10.77 Million |
About RED LAKE GOLD INC.
Red Lake Gold Inc., a junior mining exploration company, acquires and explores for mineral properties in Canada. The company explores gold and copper deposits. It holds 100% interest in Whirlwind Jack Gold project covering an area of approximately 5,096 ha located near Red Lake, Ontario; Soo North Copper Project comprises a total of 416 mining claims covering approximately 9,142 ha located in Ont… Read more