Eros Resources Corp
Trident Resources Corp. engages in the identification, acquisition, exploration, and development of mineral, and oil and gas resource properties in North America. The company explores for gold and uranium deposits. The company was formerly known as Eros Resources Corp. and changed its name to Trident Resources Corp. in April 2025. Trident Resources Corp. is based in Vancouver, Canada.
Eros Resources Corp (EROSF) - Net Assets
Latest net assets as of March 2025: $17.62 Million USD
Based on the latest financial reports, Eros Resources Corp (EROSF) has net assets worth $17.62 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.58 Million) and total liabilities ($3.95 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 | $17.62 Million |
| % of Total Assets | 81.68% |
| Annual Growth Rate | -0.88% |
| 5-Year Change | -61.53% |
| 10-Year Change | N/A |
| Growth Volatility | 109.86 |
Eros Resources Corp - Net Assets Trend (2017–2024)
This chart illustrates how Eros Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Eros Resources Corp (2017–2024)
The table below shows the annual net assets of Eros Resources Corp from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $7.24 Million | +28.31% |
| 2023-12-31 | $5.64 Million | -47.44% |
| 2022-12-31 | $10.74 Million | -46.07% |
| 2021-12-31 | $19.91 Million | +5.76% |
| 2020-12-31 | $18.82 Million | +262.55% |
| 2019-12-31 | $5.19 Million | +121.69% |
| 2018-12-31 | $2.34 Million | -69.59% |
| 2017-12-31 | $7.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eros Resources Corp'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 312303700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $75.99 Million | 1049.41% |
| Total Equity | $7.24 Million | 100.00% |
Eros Resources Corp Competitors by Market Cap
The table below lists competitors of Eros Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MAROC LEASING
BC:MAROC-LEASING
|
$329.42K |
|
2G ENERGY - Dusseldorf Stock Exchang
DU:2GB
|
$329.66K |
|
Fila Korea Ltd.
KQ:081660
|
$329.82K |
|
Syros Pharmaceuticals Inc
NASDAQ:SYRS
|
$329.84K |
|
Hybrigenics Société Anonyme
STU:3HB
|
$329.27K |
|
SHIN-ETSU CHEMICAL - Dusseldorf Stock Exchang
DU:SEH
|
$328.68K |
|
Godolphin Resources Limited
PINK:GDPHF
|
$328.65K |
|
UBEW
BATS:UBEW
|
$328.52K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eros Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,643,530 to 7,241,169, a change of 1,597,639 (28.3%).
- Net income of 1,478,832 contributed positively to equity growth.
- Other factors increased equity by 118,807.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.48 Million | +20.42% |
| Other Changes | $118.81K | +1.64% |
| Total Change | $- | 28.31% |
Book Value vs Market Value Analysis
This analysis compares Eros Resources Corp'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: 0.05x
- 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 0.32x to 0.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.11 | $0.04 | x |
| 2018-12-31 | $0.03 | $0.04 | x |
| 2019-12-31 | $0.07 | $0.04 | x |
| 2020-12-31 | $0.19 | $0.04 | x |
| 2021-12-31 | $0.20 | $0.04 | x |
| 2022-12-31 | $1.10 | $0.04 | x |
| 2023-12-31 | $0.58 | $0.04 | x |
| 2024-12-31 | $0.74 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eros Resources Corp 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): 20.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.81x
- Recent ROE (20.42%) is above the historical average (-34.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -34.17% | -526.33% | 0.04x | 1.44x | $-3.40 Million |
| 2018 | -230.46% | -1839.97% | 0.05x | 2.46x | $-5.63 Million |
| 2019 | 53.71% | 7480.41% | 0.00x | 1.63x | $2.27 Million |
| 2020 | 59.39% | 44715372.00% | 0.00x | 1.23x | $9.30 Million |
| 2021 | 5.45% | 18199.36% | 0.00x | 1.19x | $-906.10K |
| 2022 | -56.54% | -24283308.00% | 0.00x | 1.54x | $-7.14 Million |
| 2023 | -90.25% | 0.00% | 0.00x | 2.13x | $-5.66 Million |
| 2024 | 20.42% | 0.00% | 0.00x | 1.81x | $754.72K |
Industry Comparison
This section compares Eros Resources Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eros Resources Corp (EROSF) | $17.62 Million | -34.17% | 0.22x | $329.39K |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |