Lexington Gold Ltd (LEX) - Net Assets
Based on the latest financial reports, Lexington Gold Ltd (LEX) has net assets worth GBX16.31 Million GBX (≈ $1.98K USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX16.90 Million ≈ $2.06K USD) and total liabilities (GBX593.00K ≈ $72.15 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. Read LEX current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX16.31 Million |
| % of Total Assets | 96.49% |
| Annual Growth Rate | -1.4% |
| 5-Year Change | 193.39% |
| 10-Year Change | 203.07% |
| Growth Volatility | 6134.93 |
Lexington Gold Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Lexington Gold Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Lexington Gold Ltd for the complete picture of this company's asset base.
Annual Net Assets for Lexington Gold Ltd (2013–2024)
The table below shows the annual net assets of Lexington Gold Ltd from 2013 to 2024. For live valuation and market cap data, see Lexington Gold Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX15.71 Million ≈ $1.91K |
-8.46% |
| 2023-12-31 | GBX17.17 Million ≈ $2.09K |
+246.16% |
| 2022-12-31 | GBX4.96 Million ≈ $603.37 |
+6.51% |
| 2021-12-31 | GBX4.66 Million ≈ $566.50 |
-13.07% |
| 2020-12-31 | GBX5.36 Million ≈ $651.67 |
+21324.00% |
| 2019-12-31 | GBX25.00K ≈ $3.04 |
-83.02% |
| 2019-06-30 | GBX147.20K ≈ $17.91 |
-63.00% |
| 2018-06-30 | GBX397.83K ≈ $48.40 |
-83.72% |
| 2016-12-31 | GBX2.44 Million ≈ $297.24 |
-52.88% |
| 2015-12-31 | GBX5.18 Million ≈ $630.86 |
-32.49% |
| 2014-12-31 | GBX7.68 Million ≈ $934.43 |
-58.14% |
| 2013-12-31 | GBX18.35 Million ≈ $2.23K |
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Equity Component Analysis
This analysis shows how different components contribute to Lexington 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 2980500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX1.20 Million | 8.57% |
| Other Components | GBX70.96 Million | 508.15% |
| Total Equity | GBX13.96 Million | 100.00% |
Lexington Gold Ltd Competitors by Market Cap
The table below lists competitors of Lexington Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LMS Capital Plc
LSE:LMS
|
$166.49K |
|
Altona Rare Earths PLC
LSE:REE
|
$166.94K |
|
CROSS RIVER VENTURES CORP
F:C6R
|
$168.36K |
|
Orcadian Energy PLC
LSE:ORCA
|
$168.65K |
|
SysGroup PLC
LSE:SYS
|
$165.40K |
|
Kingswood Holdings Ltd
LSE:KWG
|
$164.47K |
|
OPG Power Venture Plc
LSE:OPG
|
$162.26K |
|
TRELLUS HEALTH LS -0006
F:85Q
|
$159.96K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lexington Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,533,000 to 13,964,000, a change of -569,000 (-3.9%).
- Net loss of 567,000 reduced equity.
- Other comprehensive income decreased equity by 5,611,000.
- Other factors increased equity by 5,609,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-567.00K | -4.06% |
| Other Comprehensive Income | GBX-5.61 Million | -40.18% |
| Other Changes | GBX5.61 Million | +40.17% |
| Total Change | GBX- | -3.92% |
Book Value vs Market Value Analysis
This analysis compares Lexington 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: 90.67x
- 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 2.09x to 90.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | GBX1.55 | GBX3.25 | x |
| 2014-12-31 | GBX0.44 | GBX3.25 | x |
| 2015-12-31 | GBX0.22 | GBX3.25 | x |
| 2016-12-31 | GBX0.10 | GBX3.25 | x |
| 2018-06-30 | GBX0.00 | GBX3.25 | x |
| 2019-06-30 | GBX0.00 | GBX3.25 | x |
| 2019-12-31 | GBX0.00 | GBX3.25 | x |
| 2020-12-31 | GBX0.04 | GBX3.25 | x |
| 2021-12-31 | GBX0.01 | GBX3.25 | x |
| 2022-12-31 | GBX0.02 | GBX3.25 | x |
| 2023-12-31 | GBX0.03 | GBX3.25 | x |
| 2024-12-31 | GBX0.04 | GBX3.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lexington 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): -4.06%
- 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: 1.18x
- Recent ROE (-4.06%) is above the historical average (-265.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -9.45% | -2310.67% | 0.00x | 1.62x | GBX-3.57 Million |
| 2014 | -15.81% | -141.71% | 0.05x | 2.16x | GBX-2.30 Million |
| 2015 | -45.95% | -312.64% | 0.12x | 1.22x | GBX-2.68 Million |
| 2016 | -137.67% | -222.49% | 0.34x | 1.84x | GBX-3.21 Million |
| 2019 | -170.26% | 0.00% | 0.00x | 1.38x | GBX-265.35K |
| 2019 | -2472.00% | -3252631.58% | 0.00x | 15.52x | GBX-620.50K |
| 2020 | -16.24% | 0.00% | 0.00x | 1.24x | GBX-1.15 Million |
| 2021 | -27.70% | 0.00% | 0.00x | 1.29x | GBX-1.39 Million |
| 2022 | -26.90% | 0.00% | 0.00x | 1.27x | GBX-1.47 Million |
| 2023 | 0.34% | 0.00% | 0.00x | 1.25x | GBX-1.40 Million |
| 2024 | -4.06% | 0.00% | 0.00x | 1.18x | GBX-1.96 Million |
Industry Comparison
This section compares Lexington Gold Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $268,588,110
- Average return on equity (ROE) among peers: 5.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lexington Gold Ltd (LEX) | GBX16.31 Million | -9.45% | 0.04x | $165.93K |
| Ariana Resources plc (AAU) | $688.00K | -21.95% | 0.10x | $597.88K |
| Anglo Asian Mining Plc (AAZ) | $113.51 Million | 3.22% | 0.60x | $3.34 Million |
| AltynGold plc (ALTN) | $33.28 Million | -3.77% | 0.98x | $3.74 Million |
| Bluebird Merchant Ventures Ltd (BMV) | $3.95 Million | -40.17% | 0.32x | $20.83K |
| Conroy Gold & Natural Resources Plc (CGNR) | $17.87 Million | -4.17% | 0.19x | $102.99K |
| Caledonia Mining Corporation Plc (CMCL) | $234.46 Million | 7.63% | 0.49x | $4.00 Million |
| Cora Gold Limited (CORA) | $10.70 Million | 108.13% | 0.02x | $611.12K |
| ECR Minerals plc (ECR) | $3.74 Million | -13.68% | 0.03x | $102.10K |
| Endeavour Mining Corp (EDV) | $2.25 Billion | 3.25% | 0.73x | $125.89 Million |
| Goldplat PLC (GDP) | $21.50 Million | 13.75% | 0.26x | $296.11K |
About Lexington Gold Ltd
Lexington Gold Ltd explores for and develops gold projects in the United States and South Africa. It primarily explores for gold, silver, and base metals. The company's projects are Witwatersrand gold fields projects in South Africa; and Jennings-Pioneer Project in South Carolina, Carolina Belle Project in Montgomery County, and Jones Keystone & Loflin Project located to the south west of Jones-K… Read more