GAMCO Natural Resources Gold and Income Closed Fund (GNT) - Net Assets
Based on the latest financial reports, GAMCO Natural Resources Gold and Income Closed Fund (GNT) has net assets worth $162.97 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 ($173.55 Million) and total liabilities ($10.58 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. Check GNT tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $162.97 Million |
| % of Total Assets | 93.9% |
| Annual Growth Rate | 1.83% |
| 5-Year Change | 42.46% |
| 10-Year Change | 9.35% |
| Growth Volatility | 24.48 |
GAMCO Natural Resources Gold and Income Closed Fund - Net Assets Trend (2015–2025)
This chart illustrates how GAMCO Natural Resources Gold and Income Closed Fund's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of GAMCO Natural Resources Gold and Income to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GAMCO Natural Resources Gold and Income Closed Fund (2015–2025)
The table below shows the annual net assets of GAMCO Natural Resources Gold and Income Closed Fund from 2015 to 2025. For live valuation and market cap data, see GNT market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $162.97 Million | +67.33% |
| 2024-12-31 | $97.39 Million | -24.35% |
| 2023-12-31 | $128.74 Million | +19.88% |
| 2022-12-31 | $107.39 Million | -6.12% |
| 2021-12-31 | $114.40 Million | -2.74% |
| 2020-12-31 | $117.62 Million | -8.59% |
| 2019-12-31 | $128.67 Million | +7.70% |
| 2018-12-31 | $119.47 Million | -19.64% |
| 2017-12-31 | $148.67 Million | -0.24% |
| 2016-12-31 | $149.03 Million | +9.65% |
| 2015-12-31 | $135.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GAMCO Natural Resources Gold and Income Closed Fund'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 grown by 11663757900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $192.88 Million | 118.36% |
| Other Components | $28.72 Million | 17.63% |
| Total Equity | $162.97 Million | 100.00% |
GAMCO Natural Resources Gold and Income Closed Fund Competitors by Market Cap
The table below lists competitors of GAMCO Natural Resources Gold and Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
S.Kijchai Enterprise Public Company Limited
BK:SKN
|
$133.40 Million |
|
Deoleo S.A
MC:OLE
|
$133.50 Million |
|
Hyperfine Inc
NASDAQ:HYPR
|
$133.54 Million |
|
DEFAMA Deutsche Fachmarkt AG
XETRA:DEF
|
$133.56 Million |
|
Bank Capital Indonesia Tbk
JK:BACA
|
$133.29 Million |
|
Hsin Ba Ba Corp
TW:9906
|
$133.26 Million |
|
Innate Pharma
NASDAQ:IPHA
|
$133.24 Million |
|
Dawson Geophysical Company
NASDAQ:DWSN
|
$133.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GAMCO Natural Resources Gold and Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 97,393,608 to 162,966,068, a change of 65,572,460 (67.3%).
- Net income of 46,849,713 contributed positively to equity growth.
- Other factors increased equity by 18,722,747.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.85 Million | +28.75% |
| Other Changes | $18.72 Million | +11.49% |
| Total Change | $- | 67.33% |
Book Value vs Market Value Analysis
This analysis compares GAMCO Natural Resources Gold and Income Closed Fund'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: 0.82x
- 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 decreased from 1.27x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $6.49 | $8.24 | x |
| 2016-12-31 | $7.14 | $8.24 | x |
| 2017-12-31 | $7.27 | $8.24 | x |
| 2018-12-31 | $5.15 | $8.24 | x |
| 2019-12-31 | $6.16 | $8.24 | x |
| 2020-12-31 | $5.93 | $8.24 | x |
| 2021-12-31 | $6.03 | $8.24 | x |
| 2022-12-31 | $5.85 | $8.24 | x |
| 2023-12-31 | $7.46 | $8.24 | x |
| 2024-12-31 | $5.99 | $8.24 | x |
| 2025-12-31 | $10.07 | $8.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GAMCO Natural Resources Gold and Income Closed Fund 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): 28.75%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 331.65%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.06x
- Recent ROE (28.75%) is above the historical average (6.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -22.03% | 0.00% | -0.16x | 1.03x | $-43.53 Million |
| 2016 | 20.75% | 0.00% | -0.33x | 1.12x | $16.02 Million |
| 2017 | 8.99% | 96.53% | 0.07x | 1.30x | $-1.50 Million |
| 2018 | -12.68% | 0.00% | -0.09x | 1.41x | $-27.10 Million |
| 2019 | 18.04% | 97.47% | 0.14x | 1.32x | $10.35 Million |
| 2020 | 4.86% | 87.63% | 0.04x | 1.39x | $-6.04 Million |
| 2021 | 8.48% | 93.95% | 0.07x | 1.33x | $-1.73 Million |
| 2022 | 5.34% | 89.73% | 0.04x | 1.34x | $-5.00 Million |
| 2023 | 7.46% | 69.73% | 0.10x | 1.03x | $-3.28 Million |
| 2024 | 5.40% | 49.57% | 0.08x | 1.41x | $-4.48 Million |
| 2025 | 28.75% | 331.65% | 0.08x | 1.06x | $30.55 Million |
Industry Comparison
This section compares GAMCO Natural Resources Gold and Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,436,657,108
- Average return on equity (ROE) among peers: -13.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GAMCO Natural Resources Gold and Income Closed Fund (GNT) | $162.97 Million | -22.03% | 0.06x | $133.37 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.58 Billion | 11.79% | 0.00x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $898.30 Million | 4.93% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $77.47 Million | -13.30% | 0.03x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.53 Million | -55.38% | 0.03x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $337.80 Million | 7.58% | 0.79x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $11.31 Billion | 9.70% | 10.60x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $28.27 Million | 5.22% | 12.77x | $40.58 Million |
About GAMCO Natural Resources Gold and Income Closed Fund
GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities. It focuse… Read more