Sassy Gold Corp.
Sassy Gold Corp., an exploration stage company, identifies, acquires, and explores for precious metal resources in Canada. It explores for gold and uranium deposits. The company holds 100% interests in the Foremore property covering an area of 14,585 hectares located in the Eskay Creek District of British Columbia; and the Gander properties located in Newfoundland. It also holds an option agreeme… Read more
Sassy Gold Corp. (SSYRD) - Net Assets
Latest net assets as of June 2024: $14.07 Million USD
Based on the latest financial reports, Sassy Gold Corp. (SSYRD) has net assets worth $14.07 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.49 Million) and total liabilities ($427.07K). 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 | $14.07 Million |
| % of Total Assets | 97.05% |
| Annual Growth Rate | 41.18% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 116.76 |
Sassy Gold Corp. - Net Assets Trend (2020–2024)
This chart illustrates how Sassy 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 Sassy Gold Corp. (2020–2024)
The table below shows the annual net assets of Sassy Gold Corp. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $14.07 Million | -48.46% |
| 2023-06-30 | $27.29 Million | +22.00% |
| 2022-06-30 | $22.37 Million | +72.56% |
| 2021-06-30 | $12.96 Million | +266.09% |
| 2020-06-30 | $3.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sassy 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 1261959600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $28.32 Million | 196.24% |
| Total Equity | $14.43 Million | 100.00% |
Sassy Gold Corp. Competitors by Market Cap
The table below lists competitors of Sassy Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Murray Income Trust Plc
OTCQB:MRRYF
|
$554.49 |
|
PP LONDON SUMATRA (PS9A.SG)
STU:PS9A
|
$555.60 |
|
Xebra Brands Ltd
OTCQB:XBRAF
|
$556.66 |
|
Egyptian Arabian(Themar)Comp. For Securities&Bonds Brok. EAC
EGX:EASB
|
$557.12 |
|
YHEGF
PINK:YHEGF
|
$554.28 |
|
Caledonian Holdings PLC
LSE:CHP
|
$553.83 |
|
Ashfaq Textile Mills Ltd
KAR:ASHT
|
$553.30 |
|
SOUTH OCEAN HLDGS
BE:4S6
|
$553.29 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sassy Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,475,445 to 14,429,139, a change of -7,046,306 (-32.8%).
- Net loss of 7,089,318 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.09 Million | -49.13% |
| Other Changes | $43.01K | +0.3% |
| Total Change | $- | -32.81% |
Book Value vs Market Value Analysis
This analysis compares Sassy 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: 0.06x
- 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 0.49x to 0.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-06-30 | $0.12 | $0.06 | x |
| 2021-06-30 | $1.38 | $0.06 | x |
| 2022-06-30 | $1.54 | $0.06 | x |
| 2023-06-30 | $1.44 | $0.06 | x |
| 2024-06-30 | $0.94 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sassy 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): -49.13%
- 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: 1.00x
- Recent ROE (-49.13%) is below the historical average (-23.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -35.73% | 0.00% | 0.00x | 1.06x | $-1.62 Million |
| 2021 | -24.24% | 0.00% | 0.00x | 1.38x | $-4.44 Million |
| 2022 | 3.90% | 0.00% | 0.00x | 1.46x | $-1.05 Million |
| 2023 | -14.24% | 0.00% | 0.00x | 1.31x | $-5.21 Million |
| 2024 | -49.13% | 0.00% | 0.00x | 1.00x | $-8.53 Million |
Industry Comparison
This section compares Sassy Gold 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 |
|---|---|---|---|---|
| Sassy Gold Corp. (SSYRD) | $14.07 Million | -35.73% | 0.03x | $554.43 |
| 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 |