Grid Metals Corp
Grid Metals Corp. explores for and develops base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium, cesium, palladium, and platinum group metals. Grid Metals Corp. is headquartered in Toronto, Canada.
Grid Metals Corp (MSMGF) - Net Assets
Latest net assets as of September 2025: $25.10K USD
Based on the latest financial reports, Grid Metals Corp (MSMGF) has net assets worth $25.10K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($542.29K) and total liabilities ($517.19K). 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 | $25.10K |
| % of Total Assets | 4.63% |
| Annual Growth Rate | -34.48% |
| 5-Year Change | -99.43% |
| 10-Year Change | -99.32% |
| Growth Volatility | 112.08 |
Grid Metals Corp - Net Assets Trend (2012–2024)
This chart illustrates how Grid Metals 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 Grid Metals Corp (2012–2024)
The table below shows the annual net assets of Grid Metals Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $178.25K | -97.08% |
| 2023-12-31 | $6.10 Million | -46.99% |
| 2022-12-31 | $11.50 Million | +362.95% |
| 2021-12-31 | $2.49 Million | -92.00% |
| 2020-12-31 | $31.08 Million | +8.39% |
| 2019-12-31 | $28.67 Million | -0.89% |
| 2018-12-31 | $28.93 Million | -3.29% |
| 2017-12-31 | $29.91 Million | +15.94% |
| 2016-12-31 | $25.80 Million | -1.12% |
| 2015-12-31 | $26.09 Million | +6.38% |
| 2014-12-31 | $24.53 Million | -9.26% |
| 2013-12-31 | $27.03 Million | -5.09% |
| 2012-12-31 | $28.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grid Metals 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 7496587400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $75.14 Million | 42155.41% |
| Total Equity | $178.25K | 100.00% |
Grid Metals Corp Competitors by Market Cap
The table below lists competitors of Grid Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Han Kook Steel
KO:025890
|
$4.39 Million |
|
Organoclick AB
ST:ORGC
|
$4.39 Million |
|
JHS Svendgaard Laboratories Limited
NSE:JHS
|
$4.39 Million |
|
PT Ecocare Indo Pasifik Tbk
JK:HYGN
|
$4.39 Million |
|
Decade Resources Ltd
PINK:DECXF
|
$4.39 Million |
|
WASGAU Produktions & Handels AG
F:MSH
|
$4.39 Million |
|
Maxtech Ventures Inc
PINK:MTEHF
|
$4.39 Million |
|
Auplata SA
PA:ALAMG
|
$4.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grid Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,098,131 to 178,255, a change of -5,919,876 (-97.1%).
- Net loss of 6,036,378 reduced equity.
- Other factors increased equity by 116,502.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.04 Million | -3386.37% |
| Other Changes | $116.50K | +65.36% |
| Total Change | $- | -97.08% |
Book Value vs Market Value Analysis
This analysis compares Grid Metals 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: 32.22x
- 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 increased from 0.04x to 32.22x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.71 | $0.03 | x |
| 2018-12-31 | $0.68 | $0.03 | x |
| 2019-12-31 | $0.62 | $0.03 | x |
| 2020-12-31 | $0.40 | $0.03 | x |
| 2021-12-31 | $0.02 | $0.03 | x |
| 2022-12-31 | $0.07 | $0.03 | x |
| 2023-12-31 | $0.03 | $0.03 | x |
| 2024-12-31 | $0.00 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grid Metals 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): -3386.37%
- 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: 8.61x
- Recent ROE (-3386.37%) is below the historical average (-287.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | 0.00% | 0.00x | 1.07x | $-2.85 Million |
| 2013 | 0.41% | 0.00% | 0.00x | 1.04x | $-2.59 Million |
| 2014 | -1.34% | 0.00% | 0.00x | 1.05x | $-2.78 Million |
| 2015 | -9.97% | 0.00% | 0.00x | 1.07x | $-5.21 Million |
| 2016 | -1.12% | 0.00% | 0.00x | 1.08x | $-2.87 Million |
| 2017 | -0.11% | 0.00% | 0.00x | 1.02x | $-3.02 Million |
| 2018 | -3.60% | 0.00% | 0.00x | 1.01x | $-3.93 Million |
| 2019 | -2.30% | 0.00% | 0.00x | 1.01x | $-3.53 Million |
| 2020 | -7.45% | 0.00% | 0.00x | 1.05x | $-5.42 Million |
| 2021 | -155.03% | 0.00% | 0.00x | 1.21x | $-4.10 Million |
| 2022 | 2.40% | 0.00% | 0.00x | 1.12x | $-874.71K |
| 2023 | -170.08% | 0.00% | 0.00x | 2.10x | $-10.98 Million |
| 2024 | -3386.37% | 0.00% | 0.00x | 8.61x | $-6.05 Million |
Industry Comparison
This section compares Grid Metals 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 |
|---|---|---|---|---|
| Grid Metals Corp (MSMGF) | $25.10K | 0.00% | 20.61x | $4.39 Million |
| 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 |