Leocor Gold Inc
Leocor Mining Inc. engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for gold and copper deposits. The company"s flagship property is the Dorset Gold Project comprising two mineral claims covering an area of 600 hectares located in the Pine Cove Gold Mine in North Central Newfoundland. The company was formerly known as Leocor Gold Inc. and changed i… Read more
Leocor Gold Inc (LECRF) - Net Assets
Latest net assets as of April 2025: $8.55 Million USD
Based on the latest financial reports, Leocor Gold Inc (LECRF) has net assets worth $8.55 Million USD as of April 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.92 Million) and total liabilities ($365.14K). 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 | $8.55 Million |
| % of Total Assets | 95.91% |
| Annual Growth Rate | 68.44% |
| 5-Year Change | 287.28% |
| 10-Year Change | N/A |
| Growth Volatility | 205.46 |
Leocor Gold Inc - Net Assets Trend (2018–2024)
This chart illustrates how Leocor Gold 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 Leocor Gold Inc (2018–2024)
The table below shows the annual net assets of Leocor Gold Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-10-31 | $9.21 Million | +30.90% |
| 2023-10-31 | $7.04 Million | -52.81% |
| 2022-10-31 | $14.91 Million | +2.26% |
| 2021-10-31 | $14.58 Million | +513.10% |
| 2020-10-31 | $2.38 Million | +328.75% |
| 2019-10-31 | $554.74K | +37.65% |
| 2018-10-31 | $403.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Leocor Gold 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 1241199100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $21.65 Million | 235.04% |
| Total Equity | $9.21 Million | 100.00% |
Leocor Gold Inc Competitors by Market Cap
The table below lists competitors of Leocor Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Buxton Resources Ltd
AU:BUX
|
$5.19 Million |
|
UNITEDLABELS Aktiengesellschaft
F:ULC
|
$5.20 Million |
|
Bio Planet SA
WAR:BIP
|
$5.20 Million |
|
SunLink Health Systems Inc
NYSE MKT:SSY
|
$5.20 Million |
|
PT Agung Menjangan Mas Tbk
JK:AMMS
|
$5.19 Million |
|
Muar Ban Lee Group Bhd
KLSE:5152
|
$5.19 Million |
|
F45 Training Holdings Inc
PINK:FXLV
|
$5.19 Million |
|
Altamin Ltd
AU:AZI
|
$5.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leocor Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,036,921 to 9,211,268, a change of 2,174,347 (30.9%).
- Net loss of 109,670 reduced equity.
- New share issuances of 1,915,000 increased equity.
- Other factors increased equity by 369,017.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-109.67K | -1.19% |
| Share Issuances | $1.92 Million | +20.79% |
| Other Changes | $369.02K | +4.01% |
| Total Change | $- | 30.90% |
Book Value vs Market Value Analysis
This analysis compares Leocor Gold 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: 0.57x
- 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 2.41x to 0.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-10-31 | $0.02 | $0.05 | x |
| 2019-10-31 | $0.03 | $0.05 | x |
| 2020-10-31 | $0.10 | $0.05 | x |
| 2021-10-31 | $0.27 | $0.05 | x |
| 2022-10-31 | $0.26 | $0.05 | x |
| 2023-10-31 | $0.12 | $0.05 | x |
| 2024-10-31 | $0.09 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leocor Gold 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): -1.19%
- 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: 1.04x
- Recent ROE (-1.19%) is above the historical average (-35.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -30.78% | 0.00% | 0.00x | 1.00x | $-226.23K |
| 2020 | -43.57% | 0.00% | 0.00x | 1.02x | $-1.27 Million |
| 2021 | -16.77% | 0.00% | 0.00x | 1.04x | $-3.90 Million |
| 2022 | -3.40% | 0.00% | 0.00x | 1.04x | $-2.00 Million |
| 2023 | -115.72% | 0.00% | 0.00x | 1.03x | $-8.85 Million |
| 2024 | -1.19% | 0.00% | 0.00x | 1.04x | $-1.03 Million |
Industry Comparison
This section compares Leocor Gold Inc's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $6,096,664,640
- Average return on equity (ROE) among peers: -99.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leocor Gold Inc (LECRF) | $8.55 Million | -30.78% | 0.04x | $5.19 Million |
| AbraSilver Resource Corp (ABBRF) | $31.60 Million | -66.15% | 0.24x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $16.16 Million | -10.45% | 0.04x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $-4.24 Million | 0.00% | 0.00x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $-3.89 Million | 0.00% | 0.00x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $61.42 Million | -5.60% | 0.03x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $60.84 Billion | 30.40% | 0.71x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $35.76K | -837.39% | 54.55x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $5.23 Million | -32.59% | 0.20x | $14.55 Million |
| ALXPF (ALXPF) | $15.98 Million | -2.45% | 0.05x | $24.72 Million |