Treasury Metals Inc
Treasury Metals Inc. operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects. Its Goliath property covers approximately 7,601 hectares (ha) comprising 284 mining claims totaling approximately 6,254 … Read more
Treasury Metals Inc (TRC1) - Net Assets
Latest net assets as of September 2025: €141.80 Million EUR
Based on the latest financial reports, Treasury Metals Inc (TRC1) has net assets worth €141.80 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 (€159.56 Million) and total liabilities (€17.76 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 | €141.80 Million |
| % of Total Assets | 88.87% |
| Annual Growth Rate | 12.97% |
| 5-Year Change | -7.97% |
| 10-Year Change | N/A |
| Growth Volatility | 51.17 |
Treasury Metals Inc - Net Assets Trend (2016–2024)
This chart illustrates how Treasury Metals Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Treasury Metals Inc (2016–2024)
The table below shows the annual net assets of Treasury Metals Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €159.27 Million | +60.13% |
| 2023-12-31 | €99.46 Million | -4.44% |
| 2022-12-31 | €104.09 Million | -45.49% |
| 2021-12-31 | €190.96 Million | +10.35% |
| 2020-12-31 | €173.05 Million | +137.42% |
| 2019-12-31 | €72.89 Million | +1.58% |
| 2018-12-31 | €71.76 Million | +4.26% |
| 2017-12-31 | €68.83 Million | +14.64% |
| 2016-12-31 | €60.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Treasury Metals 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 14064815000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €322.90 Million | 202.74% |
| Total Equity | €159.27 Million | 100.00% |
Treasury Metals Inc Competitors by Market Cap
The table below lists competitors of Treasury Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Taimei Medical Technology Co., Ltd.
F:A2V
|
$47.71 Million |
|
Theragen Etex Co.Ltd
KQ:066700
|
$47.71 Million |
|
PT Cakra Buana Resources Energ
JK:CBRE
|
$47.72 Million |
|
Jagran Prakashan Limited
NSE:JAGRAN
|
$47.74 Million |
|
Wielton S.A.
WAR:WLT
|
$47.70 Million |
|
Mayfield Group Holdings Ltd
AU:MYG
|
$47.70 Million |
|
Jalles Machado S/A
SA:JALL3
|
$47.69 Million |
|
Diamond Biotechnology Co., Ltd
TWO:6815
|
$47.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Treasury Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 99,460,963 to 159,268,890, a change of 59,807,927 (60.1%).
- Net loss of 19,593,866 reduced equity.
- New share issuances of 14,484,980 increased equity.
- Other factors increased equity by 64,916,813.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-19.59 Million | -12.3% |
| Share Issuances | €14.48 Million | +9.09% |
| Other Changes | €64.92 Million | +40.76% |
| Total Change | €- | 60.13% |
Book Value vs Market Value Analysis
This analysis compares Treasury Metals 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: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.60x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.68 | €1.01 | x |
| 2018-12-31 | €1.48 | €1.01 | x |
| 2019-12-31 | €1.29 | €1.01 | x |
| 2020-12-31 | €1.54 | €1.01 | x |
| 2021-12-31 | €1.39 | €1.01 | x |
| 2022-12-31 | €0.75 | €1.01 | x |
| 2023-12-31 | €2.23 | €1.01 | x |
| 2024-12-31 | €1.11 | €1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Treasury Metals 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): -12.30%
- 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: 1.20x
- Recent ROE (-12.30%) is below the historical average (-7.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -5.29% | -82745.65% | 0.00x | 1.19x | €-9.18 Million |
| 2017 | -4.72% | 0.00% | 0.00x | 1.14x | €-10.13 Million |
| 2018 | -6.29% | 0.00% | 0.00x | 1.14x | €-11.69 Million |
| 2019 | -6.64% | 0.00% | 0.00x | 1.16x | €-12.13 Million |
| 2020 | -1.59% | 0.00% | 0.00x | 1.06x | €-20.06 Million |
| 2021 | -1.96% | 0.00% | 0.00x | 1.06x | €-22.85 Million |
| 2022 | -19.50% | 0.00% | 0.00x | 1.19x | €-30.70 Million |
| 2023 | -13.46% | 0.00% | 0.00x | 1.18x | €-23.33 Million |
| 2024 | -12.30% | 0.00% | 0.00x | 1.20x | €-35.52 Million |
Industry Comparison
This section compares Treasury Metals Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $9,887,335
- Average return on equity (ROE) among peers: -109.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Treasury Metals Inc (TRC1) | €141.80 Million | -5.29% | 0.13x | $47.70 Million |
| Pearl Gold AG (02P) | $12.95 Million | -4.16% | 0.03x | $8.89 Million |
| McLaren Resources Inc (3ML) | $487.64K | -207.86% | 0.10x | $3.94 Million |
| 4LE (4LE) | $1.51 Million | -86.82% | 0.36x | $2.28 Million |
| 5EV0 (5EV0) | $61.58 Million | 4.94% | 0.02x | $97.49 Million |
| ARMISTICE RESOURCES (7AZ) | $18.89 Million | -36.42% | 1.84x | $8.70 Million |
| Bulletin Resources Limited (7BR) | $2.14 Million | -87.64% | 0.10x | $5.43 Million |
| Canadian Gold Corp. (8S8) | $-432.05K | 0.00% | 0.00x | $53.11 Million |
| Earthwise Minerals Corp. (966) | $-816.57K | 0.00% | 0.00x | $604.28K |
| Platinex Inc (9PX) | $2.56 Million | -34.41% | 0.06x | $11.16 Million |
| ARCUS DEVELOPMENT (AJR) | $8.31K | -643.10% | 0.29x | $1.63 Million |