Irving Resources Inc
Irving Resources Inc., a junior resource exploration company, acquires and explores mineral properties in Canada and Japan. It primarily explores for gold and silver deposits. Its lead project is the 100% owned Omu project located in Hokkaido, Japan. The company was incorporated in 2015 and is headquartered in Vancouver, Canada.
Irving Resources Inc (IRVRF) - Net Assets
Latest net assets as of November 2025: $46.33 Million USD
Based on the latest financial reports, Irving Resources Inc (IRVRF) has net assets worth $46.33 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($46.69 Million) and total liabilities ($355.93K). 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 | $46.33 Million |
| % of Total Assets | 99.24% |
| Annual Growth Rate | 39.49% |
| 5-Year Change | 49.06% |
| 10-Year Change | N/A |
| Growth Volatility | 92.27 |
Irving Resources Inc - Net Assets Trend (2016–2025)
This chart illustrates how Irving Resources 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 Irving Resources Inc (2016–2025)
The table below shows the annual net assets of Irving Resources Inc from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $45.84 Million | -7.49% |
| 2024-02-29 | $49.55 Million | +0.55% |
| 2023-02-28 | $49.28 Million | +31.31% |
| 2022-02-28 | $37.53 Million | +22.04% |
| 2021-02-28 | $30.75 Million | +17.86% |
| 2020-02-29 | $26.09 Million | +141.98% |
| 2019-02-28 | $10.78 Million | +27.23% |
| 2018-02-28 | $8.47 Million | -5.04% |
| 2017-02-28 | $8.92 Million | +289.17% |
| 2016-02-29 | $2.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Irving Resources 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 2547105800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $71.48 Million | 155.94% |
| Total Equity | $45.84 Million | 100.00% |
Irving Resources Inc Competitors by Market Cap
The table below lists competitors of Irving Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Censof Holdings Bhd
KLSE:5195
|
$8.80 Million |
|
GRAHAM HLDG (WPOB.SG)
STU:WPOB
|
$8.80 Million |
|
Denali Capital Acquisition Corp. Class A Ordinary Shares
NASDAQ:DECA
|
$8.81 Million |
|
SHAPE ROBOTICS A/S DK-10
F:50O
|
$8.81 Million |
|
Thai Agro Energy Public Company Limited
BK:TAE
|
$8.80 Million |
|
Gauzy Ltd. Ordinary Shares
NASDAQ:GAUZ
|
$8.80 Million |
|
Noxopharm Limited
PINK:NOXOF
|
$8.80 Million |
|
Bon Natural Life Ltd
NASDAQ:BON
|
$8.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Irving Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 49,548,798 to 45,839,417, a change of -3,709,381 (-7.5%).
- Net loss of 5,053,911 reduced equity.
- New share issuances of 1,096,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.05 Million | -11.03% |
| Share Issuances | $1.10 Million | +2.39% |
| Other Changes | $248.53K | +0.54% |
| Total Change | $- | -7.49% |
Book Value vs Market Value Analysis
This analysis compares Irving Resources 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: 0.24x
- 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 |
|---|---|---|---|
| 2016-02-29 | $0.00 | $0.15 | x |
| 2017-02-28 | $0.28 | $0.15 | x |
| 2018-02-28 | $0.25 | $0.15 | x |
| 2019-02-28 | $0.25 | $0.15 | x |
| 2020-02-29 | $0.48 | $0.15 | x |
| 2021-02-28 | $0.53 | $0.15 | x |
| 2022-02-28 | $0.61 | $0.15 | x |
| 2023-02-28 | $0.68 | $0.15 | x |
| 2024-02-29 | $0.67 | $0.15 | x |
| 2025-02-28 | $0.60 | $0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Irving Resources 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): -11.03%
- 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: 1.02x
- Recent ROE (-11.03%) is above the historical average (-12.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -14.85% | 0.00% | 0.00x | 1.02x | $-569.82K |
| 2017 | -8.38% | 0.00% | 0.00x | 1.02x | $-1.64 Million |
| 2018 | -19.15% | 0.00% | 0.00x | 1.02x | $-2.47 Million |
| 2019 | -26.75% | 0.00% | 0.00x | 1.02x | $-3.96 Million |
| 2020 | -12.72% | 0.00% | 0.00x | 1.05x | $-5.93 Million |
| 2021 | -17.43% | 0.00% | 0.00x | 1.03x | $-8.44 Million |
| 2022 | -7.52% | 0.00% | 0.00x | 1.02x | $-6.58 Million |
| 2023 | -2.95% | 0.00% | 0.00x | 1.01x | $-6.38 Million |
| 2024 | -4.45% | 0.00% | 0.00x | 1.01x | $-7.16 Million |
| 2025 | -11.03% | 0.00% | 0.00x | 1.02x | $-9.64 Million |
Industry Comparison
This section compares Irving Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $411,687,235
- Average return on equity (ROE) among peers: -119.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Irving Resources Inc (IRVRF) | $46.33 Million | -14.85% | 0.01x | $8.80 Million |
| Almadex Minerals Ltd (AAMMF) | $5.73 Million | 6.70% | 0.01x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $10.03 Million | -13.48% | 0.17x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $19.90 Million | -2.53% | 0.04x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $65.44K | -173.09% | 0.37x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $413.79K | -494.09% | 0.29x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $3.67 Billion | 9.39% | 0.50x | $98.30 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $-555.77K | 0.00% | 0.00x | $0.94 |
| Antioquia Gold Inc (AGDXF) | $-702.21K | 0.00% | 0.00x | $1.44 Million |