Loncor Gold Inc
Loncor Gold Inc., a gold exploration company, engages in the acquisition, exploration, and development of precious metal projects in the Democratic Republic of the Congo. It explores for gold and platinum deposits. The company's flagship project is the 84.68% owned Adumbi project that consist of one mining license covering an area of 122 square kilometers located within the Ngayu Archaean Greenst… Read more
Loncor Gold Inc (LONCF) - Net Assets
Latest net assets as of September 2025: $24.38 Million USD
Based on the latest financial reports, Loncor Gold Inc (LONCF) has net assets worth $24.38 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 ($25.66 Million) and total liabilities ($1.28 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 | $24.38 Million |
| % of Total Assets | 95.01% |
| Annual Growth Rate | 15.34% |
| 5-Year Change | -40.89% |
| 10-Year Change | -30.58% |
| Growth Volatility | 148.27 |
Loncor Gold Inc - Net Assets Trend (2008–2024)
This chart illustrates how Loncor Gold 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 Loncor Gold Inc (2008–2024)
The table below shows the annual net assets of Loncor Gold Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $18.25 Million | -15.38% |
| 2023-12-31 | $21.57 Million | -47.64% |
| 2022-12-31 | $41.19 Million | +7.45% |
| 2021-12-31 | $38.33 Million | +24.15% |
| 2020-12-31 | $30.88 Million | +13.16% |
| 2019-12-31 | $27.29 Million | -3.52% |
| 2018-12-31 | $28.28 Million | +5.31% |
| 2017-12-31 | $26.86 Million | +0.75% |
| 2016-12-31 | $26.66 Million | +1.39% |
| 2015-12-31 | $26.29 Million | -6.71% |
| 2014-12-31 | $28.18 Million | -9.03% |
| 2013-12-31 | $30.98 Million | -46.39% |
| 2012-12-31 | $57.79 Million | +33.34% |
| 2011-12-31 | $43.34 Million | +93.15% |
| 2010-12-31 | $22.44 Million | +603.35% |
| 2009-12-31 | $3.19 Million | +71.51% |
| 2008-12-31 | $1.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Loncor Gold 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 9528812500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $113.54 Million | 622.10% |
| Total Equity | $18.25 Million | 100.00% |
Loncor Gold Inc Competitors by Market Cap
The table below lists competitors of Loncor Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nusatrip Incorporated Common Stock
NASDAQ:NUTR
|
$46.35 Million |
|
SPECTRUM
NSE:SPECTRUM
|
$46.35 Million |
|
Magnitude International Ltd Ordinary Shares
NASDAQ:MAGH
|
$46.36 Million |
|
SNS
KLSE:0259
|
$46.36 Million |
|
NIGHTINGALE HEALTH EO 1
F:7XE
|
$46.34 Million |
|
GUMI INC.
F:1G9
|
$46.34 Million |
|
Horizon Space Acquisition II Corp. Ordinary share
NASDAQ:HSPT
|
$46.31 Million |
|
Windsor Machines Limited
NSE:WINDMACHIN
|
$46.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Loncor Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,567,516 to 18,250,775, a change of -3,316,741 (-15.4%).
- Net loss of 4,159,197 reduced equity.
- New share issuances of 180,583 increased equity.
- Other factors increased equity by 661,873.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.16 Million | -22.79% |
| Share Issuances | $180.58K | +0.99% |
| Other Changes | $661.87K | +3.63% |
| Total Change | $- | -15.38% |
Book Value vs Market Value Analysis
This analysis compares Loncor Gold 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: 3.39x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $0.00 | $0.40 | x |
| 2016-12-31 | $0.00 | $0.40 | x |
| 2017-12-31 | $0.34 | $0.40 | x |
| 2018-12-31 | $0.30 | $0.40 | x |
| 2019-12-31 | $0.29 | $0.40 | x |
| 2020-12-31 | $0.28 | $0.40 | x |
| 2021-12-31 | $0.28 | $0.40 | x |
| 2022-12-31 | $0.28 | $0.40 | x |
| 2023-12-31 | $0.14 | $0.40 | x |
| 2024-12-31 | $0.12 | $0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Loncor Gold 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): -22.79%
- 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: 1.07x
- Recent ROE (-22.79%) is below the historical average (-20.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 1.23% | 0.00% | 0.00x | 1.06x | $-3.80 Million |
| 2013 | -87.88% | 0.00% | 0.00x | 1.04x | $-30.32 Million |
| 2014 | -10.30% | 0.00% | 0.00x | 1.06x | $-5.72 Million |
| 2015 | -9.19% | 0.00% | 0.00x | 1.07x | $-5.05 Million |
| 2016 | -1.87% | 0.00% | 0.00x | 1.05x | $-3.16 Million |
| 2017 | -0.23% | 0.00% | 0.00x | 1.04x | $-2.75 Million |
| 2018 | -2.35% | 0.00% | 0.00x | 1.03x | $-3.49 Million |
| 2019 | -6.05% | 0.00% | 0.00x | 1.09x | $-4.38 Million |
| 2020 | -7.27% | 0.00% | 0.00x | 1.06x | $-5.33 Million |
| 2021 | -9.71% | 0.00% | 0.00x | 1.05x | $-7.56 Million |
| 2022 | -7.11% | 0.00% | 0.00x | 1.04x | $-7.05 Million |
| 2023 | -98.61% | 0.00% | 0.00x | 1.13x | $-23.42 Million |
| 2024 | -22.79% | 0.00% | 0.00x | 1.07x | $-5.98 Million |
Industry Comparison
This section compares Loncor Gold 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 |
|---|---|---|---|---|
| Loncor Gold Inc (LONCF) | $24.38 Million | 1.23% | 0.05x | $46.34 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 |