Tectonic Metals Inc
Tectonic Metals Inc. engages in the acquisition, exploration, and development of mineral resources in the United States. The company primarily explores for gold deposits. It holds interests in the Tibbs project located in Fairbanks Recording District, Alaska; the Flat project situated in the Kuskokwim Mineral Belt, Alaska; and the Porterfield project located in Mt. McKinley Recording District, Al… Read more
Tectonic Metals Inc (TETOF) - Net Assets
Latest net assets as of September 2025: $19.29 Million USD
Based on the latest financial reports, Tectonic Metals Inc (TETOF) has net assets worth $19.29 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 ($22.86 Million) and total liabilities ($3.57 Million). 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 | $19.29 Million |
| % of Total Assets | 84.37% |
| Annual Growth Rate | 3.14% |
| 5-Year Change | -23.25% |
| 10-Year Change | N/A |
| Growth Volatility | 57.11 |
Tectonic Metals Inc - Net Assets Trend (2018–2024)
This chart illustrates how Tectonic Metals 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 Tectonic Metals Inc (2018–2024)
The table below shows the annual net assets of Tectonic Metals Inc from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.95 Million | +11.50% |
| 2023-12-31 | $2.65 Million | -10.24% |
| 2022-12-31 | $2.95 Million | +87.73% |
| 2021-12-31 | $1.57 Million | -59.15% |
| 2020-12-31 | $3.85 Million | +98.06% |
| 2019-12-31 | $1.94 Million | -20.83% |
| 2018-12-31 | $2.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tectonic Metals 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 3930207700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $46.83 Million | 1585.95% |
| Total Equity | $2.95 Million | 100.00% |
Tectonic Metals Inc Competitors by Market Cap
The table below lists competitors of Tectonic Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Relevium Technologies Inc
PINK:RLLVF
|
$1.91 Million |
|
Minnova Corp
PINK:AGRDF
|
$1.91 Million |
|
Gusbourne PLC
PINK:SLLFF
|
$1.91 Million |
|
Ovanti Ltd
AU:OVT
|
$1.92 Million |
|
Stern Groep N.V.
AS:PBH
|
$1.91 Million |
|
Drago entertainment S.A.
WAR:DGE
|
$1.91 Million |
|
Wawel S.A.
F:0K6
|
$1.91 Million |
|
NRB Industrial Bearings Limited
NSE:NIBL
|
$1.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tectonic Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,648,388 to 2,953,048, a change of 304,660 (11.5%).
- Net loss of 5,090,774 reduced equity.
- New share issuances of 5,349,171 increased equity.
- Other factors increased equity by 46,263.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.09 Million | -172.39% |
| Share Issuances | $5.35 Million | +181.14% |
| Other Changes | $46.26K | +1.57% |
| Total Change | $- | 11.50% |
Book Value vs Market Value Analysis
This analysis compares Tectonic Metals 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: 0.45x
- 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 0.71x to 0.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $0.04 | $0.03 | x |
| 2019-12-31 | $0.04 | $0.03 | x |
| 2020-12-31 | $0.04 | $0.03 | x |
| 2021-12-31 | $0.01 | $0.03 | x |
| 2022-12-31 | $0.01 | $0.03 | x |
| 2023-12-31 | $0.01 | $0.03 | x |
| 2024-12-31 | $0.07 | $0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tectonic Metals 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): -172.39%
- 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: 1.28x
- Recent ROE (-172.39%) is above the historical average (-266.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -160.66% | 0.00% | 0.00x | 1.05x | $-4.19 Million |
| 2019 | -300.56% | 0.00% | 0.00x | 1.27x | $-6.03 Million |
| 2020 | -139.90% | 0.00% | 0.00x | 1.08x | $-5.77 Million |
| 2021 | -597.10% | 0.00% | 0.00x | 1.21x | $-9.54 Million |
| 2022 | -135.78% | 0.00% | 0.00x | 1.14x | $-4.30 Million |
| 2023 | -362.45% | 0.00% | 0.00x | 1.41x | $-9.86 Million |
| 2024 | -172.39% | 0.00% | 0.00x | 1.28x | $-5.39 Million |
Industry Comparison
This section compares Tectonic Metals Inc'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 |
|---|---|---|---|---|
| Tectonic Metals Inc (TETOF) | $19.29 Million | -160.66% | 0.19x | $1.91 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 |