Labrador Gold Corp
Labrador Gold Corp. engages in the acquisition and exploration of gold properties in the Americas. It explores for gold, copper, and silver deposits. The company owns 100% interest in the Borden Lake property located in Chapleau, Ontario; and the Scotch property located in Moncton, New Brunswick. In addition, it holds 100% interest in the Kingsway property located near Gander, Newfoundland; and t… Read more
Labrador Gold Corp (NKOSF) - Net Assets
Latest net assets as of September 2025: $23.84 Million USD
Based on the latest financial reports, Labrador Gold Corp (NKOSF) has net assets worth $23.84 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 ($24.12 Million) and total liabilities ($281.28K). 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 | $23.84 Million |
| % of Total Assets | 98.83% |
| Annual Growth Rate | 48.93% |
| 5-Year Change | -46.75% |
| 10-Year Change | 4634.84% |
| Growth Volatility | 147.0 |
Labrador Gold Corp - Net Assets Trend (2014–2025)
This chart illustrates how Labrador Gold 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 Labrador Gold Corp (2014–2025)
The table below shows the annual net assets of Labrador Gold Corp from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $23.84 Million | -23.84% |
| 2024-09-30 | $31.31 Million | -35.63% |
| 2023-09-30 | $48.64 Million | -0.60% |
| 2022-09-30 | $48.93 Million | +9.28% |
| 2021-09-30 | $44.78 Million | +229.98% |
| 2020-09-30 | $13.57 Million | +104.90% |
| 2019-09-30 | $6.62 Million | +8.60% |
| 2018-09-30 | $6.10 Million | +485.16% |
| 2017-09-30 | $1.04 Million | +106.95% |
| 2016-09-30 | $503.53K | +101.15% |
| 2015-09-30 | $250.33K | -16.06% |
| 2014-09-30 | $298.23K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Labrador Gold 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 3330804800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $66.32 Million | 278.18% |
| Total Equity | $23.84 Million | 100.00% |
Labrador Gold Corp Competitors by Market Cap
The table below lists competitors of Labrador Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BD MULTI MEDIA PORT.EO 2
F:6VD
|
$9.40 Million |
|
Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares
NASDAQ:ALCY
|
$9.41 Million |
|
Iron Road Limited
PINK:IRNRF
|
$9.41 Million |
|
Transworld Shipping Lines Limited
NSE:TRANSWORLD
|
$9.41 Million |
|
Mhethanol Co. Ltd.
KO:023150
|
$9.40 Million |
|
PPK Group Ltd
AU:PPK
|
$9.39 Million |
|
Sun-Sea Construction
TWO:5516
|
$9.39 Million |
|
The Artisanal Spirits Company plc
F:045
|
$9.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Labrador Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 31,305,592 to 23,841,494, a change of -7,464,098 (-23.8%).
- Net loss of 7,609,098 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.61 Million | -31.92% |
| Other Changes | $145.00K | +0.61% |
| Total Change | $- | -23.84% |
Book Value vs Market Value Analysis
This analysis compares Labrador Gold 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: 0.41x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-09-30 | $0.00 | $0.06 | x |
| 2016-09-30 | $0.00 | $0.06 | x |
| 2017-09-30 | $0.04 | $0.06 | x |
| 2018-09-30 | $0.12 | $0.06 | x |
| 2019-09-30 | $0.12 | $0.06 | x |
| 2020-09-30 | $0.15 | $0.06 | x |
| 2021-09-30 | $0.29 | $0.06 | x |
| 2022-09-30 | $0.29 | $0.06 | x |
| 2023-09-30 | $0.29 | $0.06 | x |
| 2024-09-30 | $0.18 | $0.06 | x |
| 2025-09-30 | $0.14 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Labrador Gold 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): -31.92%
- 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: 1.01x
- Recent ROE (-31.92%) is below the historical average (-18.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -35.89% | 0.00% | 0.00x | 1.00x | $-136.87K |
| 2015 | -23.03% | 0.00% | 0.00x | 1.20x | $-82.68K |
| 2016 | -16.17% | 0.00% | 0.00x | 1.10x | $-131.80K |
| 2017 | -14.96% | 0.00% | 0.00x | 1.03x | $-260.07K |
| 2018 | -10.19% | 0.00% | 0.00x | 1.05x | $-1.23 Million |
| 2019 | -8.60% | 0.00% | 0.00x | 1.03x | $-1.23 Million |
| 2020 | -15.10% | 0.00% | 0.00x | 1.02x | $-3.41 Million |
| 2021 | -6.13% | 0.00% | 0.00x | 1.04x | $-7.22 Million |
| 2022 | -2.42% | 0.00% | 0.00x | 1.04x | $-6.08 Million |
| 2023 | -1.64% | 0.00% | 0.00x | 1.04x | $-5.66 Million |
| 2024 | -55.71% | 0.00% | 0.00x | 1.00x | $-20.57 Million |
| 2025 | -31.92% | 0.00% | 0.00x | 1.01x | $-9.99 Million |
Industry Comparison
This section compares Labrador Gold Corp'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 |
|---|---|---|---|---|
| Labrador Gold Corp (NKOSF) | $23.84 Million | -35.89% | 0.01x | $9.40 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 |