Thesis Gold Inc
Thesis Gold Inc., a junior resource company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. The company explores for gold and silver deposits. It holds a 100% interest in the Ranch and Lawyers gold-silver project, which consists of 131 mining claims covering 495 square kilometers in the Toodoggone mining district of northern central Britis… Read more
Thesis Gold Inc (THSGF) - Net Assets
Latest net assets as of November 2025: $227.43 Million USD
Based on the latest financial reports, Thesis Gold Inc (THSGF) has net assets worth $227.43 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 ($259.81 Million) and total liabilities ($32.37 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 | $227.43 Million |
| % of Total Assets | 87.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | 1429.01% |
| 10-Year Change | N/A |
| Growth Volatility | 110.74 |
Thesis Gold Inc - Net Assets Trend (2020–2025)
This chart illustrates how Thesis 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 Thesis Gold Inc (2020–2025)
The table below shows the annual net assets of Thesis Gold Inc from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $184.31 Million | +13.59% |
| 2024-02-29 | $162.26 Million | +42.68% |
| 2023-02-28 | $113.72 Million | +297.41% |
| 2022-02-28 | $28.62 Million | +137.39% |
| 2021-02-28 | $12.05 Million | +2090.50% |
| 2020-02-29 | $-605.59K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thesis 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 2274024600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $215.61 Million | 116.98% |
| Total Equity | $184.31 Million | 100.00% |
Thesis Gold Inc Competitors by Market Cap
The table below lists competitors of Thesis Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COLTENE Holding AG
PINK:CLHLF
|
$157.65 Million |
|
Adairs Ltd
AU:ADH
|
$157.74 Million |
|
Liaoning Dingjide Petrochemical Co. Ltd.
SHG:603255
|
$157.76 Million |
|
TortoiseEcofin Acquisition Corp. III
PINK:TRTLF
|
$157.84 Million |
|
Ziprecruiter Inc
NYSE:ZIP
|
$157.61 Million |
|
ZongTai Real Estate Development Co Ltd
TW:3056
|
$157.57 Million |
|
VIRG. NATL BANKSH. DL25
F:71F
|
$157.48 Million |
|
Qingdao Richmat Intelligence Technology Co. Ltd. A
SHE:301320
|
$157.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thesis Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 162,260,667 to 184,311,488, a change of 22,050,821 (13.6%).
- Net loss of 1,650,241 reduced equity.
- New share issuances of 30,949,423 increased equity.
- Other factors decreased equity by 7,248,361.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.65 Million | -0.9% |
| Share Issuances | $30.95 Million | +16.79% |
| Other Changes | $-7.25 Million | -3.93% |
| Total Change | $- | 13.59% |
Book Value vs Market Value Analysis
This analysis compares Thesis 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: 0.70x
- 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 |
|---|---|---|---|
| 2020-02-29 | $-0.02 | $0.61 | x |
| 2021-02-28 | $0.38 | $0.61 | x |
| 2022-02-28 | $0.63 | $0.61 | x |
| 2023-02-28 | $0.45 | $0.61 | x |
| 2024-02-29 | $0.93 | $0.61 | x |
| 2025-02-28 | $0.87 | $0.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thesis 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): -0.90%
- 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: 1.12x
- Recent ROE (-0.90%) is above the historical average (-8.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $46.58K |
| 2021 | -2.26% | 0.00% | 0.00x | 1.02x | $-1.48 Million |
| 2022 | -43.16% | 0.00% | 0.00x | 1.04x | $-15.21 Million |
| 2023 | -4.28% | 0.00% | 0.00x | 1.14x | $-16.24 Million |
| 2024 | 0.55% | 0.00% | 0.00x | 1.13x | $-15.34 Million |
| 2025 | -0.90% | 0.00% | 0.00x | 1.12x | $-20.08 Million |
Industry Comparison
This section compares Thesis Gold Inc'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 |
|---|---|---|---|---|
| Thesis Gold Inc (THSGF) | $227.43 Million | 0.00% | 0.14x | $157.64 Million |
| 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 |