Kinross Gold Corporation
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in … Read more
Kinross Gold Corporation (KGC) - Net Assets
Latest net assets as of September 2025: $8.08 Billion USD
Based on the latest financial reports, Kinross Gold Corporation (KGC) has net assets worth $8.08 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.12 Billion) and total liabilities ($4.04 Billion). 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 | $8.08 Billion |
| % of Total Assets | 66.64% |
| Annual Growth Rate | 14.87% |
| 5-Year Change | 5.0% |
| 10-Year Change | 77.88% |
| Growth Volatility | 79.89 |
Kinross Gold Corporation - Net Assets Trend (1993–2024)
This chart illustrates how Kinross Gold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kinross Gold Corporation (1993–2024)
The table below shows the annual net assets of Kinross Gold Corporation from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.00 Billion | +13.69% |
| 2023-12-31 | $6.15 Billion | +4.67% |
| 2022-12-31 | $5.88 Billion | -11.46% |
| 2021-12-31 | $6.64 Billion | -0.34% |
| 2020-12-31 | $6.66 Billion | +24.95% |
| 2019-12-31 | $5.33 Billion | +17.79% |
| 2018-12-31 | $4.53 Billion | -1.99% |
| 2017-12-31 | $4.62 Billion | +10.39% |
| 2016-12-31 | $4.18 Billion | +6.38% |
| 2015-12-31 | $3.93 Billion | -19.60% |
| 2014-12-31 | $4.89 Billion | -19.67% |
| 2013-12-31 | $6.09 Billion | -38.65% |
| 2012-12-31 | $9.93 Billion | -20.41% |
| 2011-12-31 | $12.47 Billion | -15.70% |
| 2010-12-31 | $14.79 Billion | +159.88% |
| 2009-12-31 | $5.69 Billion | +17.53% |
| 2008-12-31 | $4.84 Billion | -0.38% |
| 2007-12-31 | $4.86 Billion | +227.86% |
| 2006-12-31 | $1.48 Billion | +35.65% |
| 2005-12-31 | $1.09 Billion | -17.21% |
| 2004-12-31 | $1.32 Billion | -27.27% |
| 2003-12-31 | $1.82 Billion | +333.37% |
| 2002-12-31 | $418.90 Million | +27.40% |
| 2001-12-31 | $328.80 Million | -24.17% |
| 2000-12-31 | $433.60 Million | -23.44% |
| 1999-12-31 | $566.37 Million | -27.20% |
| 1998-12-31 | $777.98 Million | +118.08% |
| 1997-12-31 | $356.75 Million | -16.26% |
| 1996-12-31 | $426.00 Million | +76.38% |
| 1995-12-31 | $241.52 Million | +47.10% |
| 1994-12-31 | $164.19 Million | +72.66% |
| 1993-12-31 | $95.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kinross Gold Corporation'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 240661.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.48 Billion | 65.40% |
| Other Comprehensive Income | $-87.35 Million | -1.27% |
| Other Components | $10.64 Billion | 155.11% |
| Total Equity | $6.86 Billion | 100.00% |
Kinross Gold Corporation Competitors by Market Cap
The table below lists competitors of Kinross Gold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alimentation Couchen Tard Inc A
PINK:ANCTF
|
$37.28 Billion |
|
Goodman Group
PINK:GMGSF
|
$37.36 Billion |
|
Rocket Lab USA Inc.
NASDAQ:RKLB
|
$37.37 Billion |
|
Axon Enterprise Inc.
NASDAQ:AXON
|
$37.39 Billion |
|
Hartford Financial Services Group
NYSE:HIG
|
$37.13 Billion |
|
The Kroger Co.
SA:K1RC34
|
$37.13 Billion |
|
PetroChina Company Limited
F:PC6
|
$37.09 Billion |
|
Constellation Software Inc
PINK:CNSWF
|
$37.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kinross Gold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,052,573,965 to 6,857,518,583, a change of 804,944,618 (13.3%).
- Net income of 948,800,000 contributed positively to equity growth.
- Dividend payments of 147,500,000 reduced retained earnings.
- Other comprehensive income decreased equity by 26,361,642.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $948.80 Million | +13.84% |
| Dividends Paid | $147.50 Million | -2.15% |
| Other Comprehensive Income | $-26.36 Million | -0.38% |
| Other Changes | $30.01 Million | +0.44% |
| Total Change | $- | 13.30% |
Book Value vs Market Value Analysis
This analysis compares Kinross Gold Corporation'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: 5.59x
- 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 decreased from 7.93x to 5.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $3.92 | $31.05 | x |
| 1994-12-31 | $4.95 | $31.05 | x |
| 1995-12-31 | $6.79 | $31.05 | x |
| 1996-12-31 | $10.11 | $31.05 | x |
| 1997-12-31 | $9.12 | $31.05 | x |
| 1998-12-31 | $10.26 | $31.05 | x |
| 1999-12-31 | $5.87 | $31.05 | x |
| 2000-12-31 | $4.36 | $31.05 | x |
| 2001-12-31 | $2.95 | $31.05 | x |
| 2002-12-31 | $3.54 | $31.05 | x |
| 2003-12-31 | $5.36 | $31.05 | x |
| 2004-12-31 | $3.82 | $31.05 | x |
| 2005-12-31 | $3.17 | $31.05 | x |
| 2006-12-31 | $4.20 | $31.05 | x |
| 2007-12-31 | $8.56 | $31.05 | x |
| 2008-12-31 | $7.62 | $31.05 | x |
| 2009-12-31 | $7.98 | $31.05 | x |
| 2010-12-31 | $17.52 | $31.05 | x |
| 2011-12-31 | $10.91 | $31.05 | x |
| 2012-12-31 | $8.65 | $31.05 | x |
| 2013-12-31 | $5.27 | $31.05 | x |
| 2014-12-31 | $4.23 | $31.05 | x |
| 2015-12-31 | $3.39 | $31.05 | x |
| 2016-12-31 | $3.38 | $31.05 | x |
| 2017-12-31 | $3.65 | $31.05 | x |
| 2018-12-31 | $3.61 | $31.05 | x |
| 2019-12-31 | $4.21 | $31.05 | x |
| 2020-12-31 | $5.20 | $31.05 | x |
| 2021-12-31 | $5.18 | $31.05 | x |
| 2022-12-31 | $4.55 | $31.05 | x |
| 2023-12-31 | $4.89 | $31.05 | x |
| 2024-12-31 | $5.55 | $31.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kinross Gold Corporation 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): 13.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.43%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.58x
- Recent ROE (13.84%) is above the historical average (-7.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 5.36% | 15.41% | 0.28x | 1.23x | $-4.41 Million |
| 1994 | 10.72% | 19.12% | 0.48x | 1.17x | $1.18 Million |
| 1995 | 5.30% | 9.60% | 0.46x | 1.19x | $-11.35 Million |
| 1996 | 2.45% | 5.10% | 0.38x | 1.25x | $-32.16 Million |
| 1997 | -23.47% | -48.34% | 0.38x | 1.29x | $-119.40 Million |
| 1998 | -31.02% | -89.66% | 0.24x | 1.43x | $-319.14 Million |
| 1999 | -40.83% | -76.08% | 0.34x | 1.56x | $-287.91 Million |
| 2000 | -27.49% | -43.99% | 0.39x | 1.61x | $-162.56 Million |
| 2001 | -11.22% | -13.04% | 0.49x | 1.76x | $-69.78 Million |
| 2002 | -7.02% | -10.68% | 0.46x | 1.43x | $-71.29 Million |
| 2003 | 0.58% | 1.84% | 0.27x | 1.18x | $-170.97 Million |
| 2004 | -4.19% | -8.29% | 0.36x | 1.39x | $-187.30 Million |
| 2005 | -19.69% | -29.66% | 0.43x | 1.55x | $-324.49 Million |
| 2006 | 11.18% | 18.31% | 0.45x | 1.36x | $17.51 Million |
| 2007 | 6.91% | 30.63% | 0.16x | 1.38x | $-149.99 Million |
| 2008 | -16.86% | -49.92% | 0.22x | 1.54x | $-1.29 Billion |
| 2009 | 5.57% | 12.85% | 0.30x | 1.44x | $-246.05 Million |
| 2010 | 5.31% | 25.63% | 0.17x | 1.22x | $-681.51 Million |
| 2011 | -16.74% | -53.96% | 0.23x | 1.33x | $-3.31 Billion |
| 2012 | -25.43% | -58.15% | 0.29x | 1.51x | $-3.49 Billion |
| 2013 | -62.23% | -99.03% | 0.37x | 1.71x | $-4.34 Billion |
| 2014 | -24.09% | -33.65% | 0.39x | 1.85x | $-1.65 Billion |
| 2015 | -25.31% | -32.26% | 0.39x | 1.99x | $-1.37 Billion |
| 2016 | -2.51% | -3.00% | 0.44x | 1.92x | $-518.55 Million |
| 2017 | 9.72% | 13.48% | 0.40x | 1.78x | $-12.96 Million |
| 2018 | -0.52% | -0.73% | 0.40x | 1.79x | $-474.27 Million |
| 2019 | 13.51% | 20.55% | 0.39x | 1.71x | $186.75 Million |
| 2020 | 20.35% | 31.86% | 0.39x | 1.66x | $682.75 Million |
| 2021 | 3.37% | 8.51% | 0.25x | 1.58x | $-436.00 Million |
| 2022 | -10.40% | -17.52% | 0.33x | 1.79x | $-1.19 Billion |
| 2023 | 6.88% | 9.82% | 0.40x | 1.73x | $-188.96 Million |
| 2024 | 13.84% | 18.43% | 0.47x | 1.58x | $263.05 Million |
Industry Comparison
This section compares Kinross Gold Corporation's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $64,325,376
- Average return on equity (ROE) among peers: -10.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kinross Gold Corporation (KGC) | $8.08 Billion | 5.36% | 0.50x | $37.25 Billion |
| Almadex Minerals Ltd (AAMMF) | $12.07 Million | -62.71% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $-384.17K | 0.00% | 0.00x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $34.66 Million | 7.00% | 0.43x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $9.11 Million | -8.65% | 0.10x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $725.00K | -10.41% | 0.01x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $148.06 Million | -5.06% | 0.90x | $105.35 Billion |
| Affinity Gold Corp (AFYG) | $-7.09K | 0.00% | 0.00x | $4.68K |
| Andes Gold Corp (AGCZ) | $6.95 Million | 13.98% | 0.15x | $0.97 |
| Antioquia Gold Inc (AGDXF) | $15.76 Million | -15.80% | 0.03x | $1.44 Million |