Ridgeline Minerals Corp
Ridgeline Minerals Corp., together with its subsidiaries, engages in the exploration of mineral property interests in the states of Nevada and Idaho, United States. The company primarily explores for gold, lead, zinc, copper, and silver deposits. The company was formerly known as Carlin-Type Holdings Ltd. and changed its name to Ridgeline Minerals Corp. in December 2019. Ridgeline Minerals Corp. … Read more
Ridgeline Minerals Corp (RDGMF) - Net Assets
Latest net assets as of September 2025: $15.88 Million USD
Based on the latest financial reports, Ridgeline Minerals Corp (RDGMF) has net assets worth $15.88 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 ($16.79 Million) and total liabilities ($914.50K). 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 | $15.88 Million |
| % of Total Assets | 94.55% |
| Annual Growth Rate | 35.87% |
| 5-Year Change | 74.91% |
| 10-Year Change | N/A |
| Growth Volatility | 60.86 |
Ridgeline Minerals Corp - Net Assets Trend (2019–2024)
This chart illustrates how Ridgeline Minerals 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 Ridgeline Minerals Corp (2019–2024)
The table below shows the annual net assets of Ridgeline Minerals Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.37 Million | -1.14% |
| 2023-12-31 | $11.50 Million | +28.10% |
| 2022-12-31 | $8.98 Million | +6.06% |
| 2021-12-31 | $8.47 Million | +30.23% |
| 2020-12-31 | $6.50 Million | +164.89% |
| 2019-12-31 | $2.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ridgeline Minerals 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 541223500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $17.06 Million | 150.00% |
| Total Equity | $11.37 Million | 100.00% |
Ridgeline Minerals Corp Competitors by Market Cap
The table below lists competitors of Ridgeline Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winpac Inc
KQ:097800
|
$17.42 Million |
|
Answear.com S.A.
WAR:ANR
|
$17.42 Million |
|
Maison Internationale de lInformatique M2I SAS
PA:ALMII
|
$17.42 Million |
|
Bonasudden Holding AB
ST:BONAS
|
$17.42 Million |
|
Alta Copper Corp.
OTCQX:ATCUF
|
$17.41 Million |
|
AB Zemaitijos pienas
MU:IU8
|
$17.41 Million |
|
News Network Corporation Public Company Limited
BK:NEWS
|
$17.40 Million |
|
Scoda Tubes Limited
NSE:SCODATUBES
|
$17.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ridgeline Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,501,724 to 11,370,223, a change of -131,501 (-1.1%).
- Net loss of 1,049,876 reduced equity.
- New share issuances of 1,614,836 increased equity.
- Other factors decreased equity by 696,461.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.05 Million | -9.23% |
| Share Issuances | $1.61 Million | +14.2% |
| Other Changes | $-696.46K | -6.13% |
| Total Change | $- | -1.14% |
Book Value vs Market Value Analysis
This analysis compares Ridgeline Minerals 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: 1.25x
- 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 2.55x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.05 | $0.13 | x |
| 2020-12-31 | $0.14 | $0.13 | x |
| 2021-12-31 | $0.15 | $0.13 | x |
| 2022-12-31 | $0.13 | $0.13 | x |
| 2023-12-31 | $0.13 | $0.13 | x |
| 2024-12-31 | $0.10 | $0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ridgeline Minerals 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): -9.23%
- 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: 1.05x
- Recent ROE (-9.23%) is above the historical average (-12.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -11.11% | 0.00% | 0.00x | 1.01x | $-518.02K |
| 2020 | -19.60% | 0.00% | 0.00x | 1.03x | $-1.92 Million |
| 2021 | -14.34% | 0.00% | 0.00x | 1.02x | $-2.06 Million |
| 2022 | -10.81% | 0.00% | 0.00x | 1.09x | $-1.87 Million |
| 2023 | -7.86% | 0.00% | 0.00x | 1.02x | $-2.05 Million |
| 2024 | -9.23% | 0.00% | 0.00x | 1.05x | $-2.19 Million |
Industry Comparison
This section compares Ridgeline Minerals 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 |
|---|---|---|---|---|
| Ridgeline Minerals Corp (RDGMF) | $15.88 Million | -11.11% | 0.06x | $17.42 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 |