Blue Lagoon Resources Inc
Blue Lagoon Resources Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold deposits. The company holds 100% interests in the Dome Mountain project covering an area of 22,000 hectares located in the town of Smithers, northwest British Columbia. It also holds interest in the Pellaire gold project, which consists of 13 contiguou… Read more
Blue Lagoon Resources Inc (BLAGF) - Net Assets
Latest net assets as of September 2025: $18.51 Million USD
Based on the latest financial reports, Blue Lagoon Resources Inc (BLAGF) has net assets worth $18.51 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.57 Million) and total liabilities ($9.06 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 | $18.51 Million |
| % of Total Assets | 67.12% |
| Annual Growth Rate | N/A |
| 5-Year Change | -39.63% |
| 10-Year Change | N/A |
| Growth Volatility | 536.2 |
Blue Lagoon Resources Inc - Net Assets Trend (2018–2025)
This chart illustrates how Blue Lagoon Resources 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 Blue Lagoon Resources Inc (2018–2025)
The table below shows the annual net assets of Blue Lagoon Resources Inc from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $18.17 Million | +8.40% |
| 2024-03-31 | $16.76 Million | -11.27% |
| 2023-03-31 | $18.89 Million | -35.60% |
| 2022-03-31 | $29.33 Million | -2.55% |
| 2021-03-31 | $30.09 Million | +440.02% |
| 2020-03-31 | $5.57 Million | +1448.80% |
| 2019-03-31 | $359.81K | +1893821.05% |
| 2018-03-31 | $-19.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Lagoon Resources 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 4091276700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $59.08 Million | 325.20% |
| Total Equity | $18.17 Million | 100.00% |
Blue Lagoon Resources Inc Competitors by Market Cap
The table below lists competitors of Blue Lagoon Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Hexindo Adiperkasa Tbk
F:HX1A
|
$33.35 Million |
|
CastleNet Technology
TWO:8059
|
$33.36 Million |
|
Prescient Therapeutics Ltd
AU:PTX
|
$33.36 Million |
|
Global Mofy Metaverse Limited Ordinary Shares
NASDAQ:GMM
|
$33.36 Million |
|
Petrolimex Gas Corp JSC
VN:PGC
|
$33.35 Million |
|
African Rainbow Capital Investments Ltd
JSE:AIL
|
$33.34 Million |
|
Sunty Development Co Ltd
TW:3266
|
$33.34 Million |
|
Swelect Energy Systems Limited
NSE:SWELECTES
|
$33.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Lagoon Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,759,240 to 18,167,149, a change of 1,407,909 (8.4%).
- Net loss of 3,424,799 reduced equity.
- New share issuances of 2,024,250 increased equity.
- Other factors increased equity by 2,808,458.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.42 Million | -18.85% |
| Share Issuances | $2.02 Million | +11.14% |
| Other Changes | $2.81 Million | +15.46% |
| Total Change | $- | 8.40% |
Book Value vs Market Value Analysis
This analysis compares Blue Lagoon Resources 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: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 23.16x to 1.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-03-31 | $0.01 | $0.26 | x |
| 2020-03-31 | $0.17 | $0.26 | x |
| 2021-03-31 | $0.40 | $0.26 | x |
| 2022-03-31 | $0.33 | $0.26 | x |
| 2023-03-31 | $0.19 | $0.26 | x |
| 2024-03-31 | $0.15 | $0.26 | x |
| 2025-03-31 | $0.14 | $0.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Lagoon Resources 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): -18.85%
- 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: 1.46x
- Recent ROE (-18.85%) is above the historical average (-25.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-57.10 |
| 2019 | -5.06% | 0.00% | 0.00x | 1.04x | $-54.20K |
| 2020 | -12.60% | 0.00% | 0.00x | 1.03x | $-1.26 Million |
| 2021 | -17.36% | 0.00% | 0.00x | 1.16x | $-7.84 Million |
| 2022 | -52.17% | 0.00% | 0.00x | 1.17x | $-18.23 Million |
| 2023 | -72.58% | -10039.14% | 0.01x | 1.24x | $-15.60 Million |
| 2024 | -23.25% | 0.00% | 0.00x | 1.47x | $-5.57 Million |
| 2025 | -18.85% | 0.00% | 0.00x | 1.46x | $-5.24 Million |
Industry Comparison
This section compares Blue Lagoon Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Lagoon Resources Inc (BLAGF) | $18.51 Million | 0.00% | 0.49x | $33.35 Million |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |