Calidus Resources Ltd
Calidus Resources Limited engages in the exploration and exploitation of gold minerals in Australia. It holds interests in the Warrawoona gold project covering an area of approximately 662 square kilometers located in the East Pilbara district of the Pilbara Goldfield in Western Australia; and the Blue Spec project situated in the Pilbara Goldfield in Western Australia. The company also holds int… Read more
Calidus Resources Ltd (CALRF) - Net Assets
Latest net assets as of December 2023: $135.03 Million USD
Based on the latest financial reports, Calidus Resources Ltd (CALRF) has net assets worth $135.03 Million USD as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($317.91 Million) and total liabilities ($182.88 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 | $135.03 Million |
| % of Total Assets | 42.48% |
| Annual Growth Rate | 11.82% |
| 5-Year Change | 590.2% |
| 10-Year Change | N/A |
| Growth Volatility | 5568.78 |
Calidus Resources Ltd - Net Assets Trend (1989–2023)
This chart illustrates how Calidus Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Calidus Resources Ltd (1989–2023)
The table below shows the annual net assets of Calidus Resources Ltd from 1989 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-06-30 | $151.74 Million | +50.52% |
| 2022-06-30 | $100.82 Million | -5.69% |
| 2021-06-30 | $106.89 Million | +244.56% |
| 2020-06-30 | $31.02 Million | +41.11% |
| 2019-06-30 | $21.99 Million | +46.25% |
| 2018-06-30 | $15.03 Million | +151.29% |
| 2017-06-30 | $5.98 Million | +240.00% |
| 2016-06-30 | $-4.27 Million | +4.96% |
| 2015-06-30 | $-4.50 Million | -31.84% |
| 2014-06-30 | $-3.41 Million | -175.83% |
| 2013-06-30 | $-1.24 Million | -1342.88% |
| 2012-06-30 | $99.47K | -52.96% |
| 2011-06-30 | $211.45K | -49.40% |
| 2010-06-30 | $417.89K | +131.64% |
| 2009-06-30 | $-1.32 Million | -207.29% |
| 2008-06-30 | $-429.82K | +24.55% |
| 2007-06-30 | $-569.64K | +22.05% |
| 2006-06-30 | $-730.80K | -140.05% |
| 2005-06-30 | $1.82 Million | +1390.34% |
| 2004-06-30 | $122.42K | -88.57% |
| 2003-06-30 | $1.07 Million | -38.78% |
| 2002-06-30 | $1.75 Million | -49.36% |
| 2001-06-30 | $3.46 Million | -51.89% |
| 2000-06-30 | $7.18 Million | +122.09% |
| 1999-06-30 | $3.23 Million | +2331.10% |
| 1998-06-30 | $-144.97K | -92.40% |
| 1997-06-30 | $-75.34K | -26081.03% |
| 1996-06-30 | $290.00 | -99.89% |
| 1995-06-30 | $276.00K | +866.67% |
| 1994-06-30 | $-36.00K | +94.54% |
| 1993-06-30 | $-659.00K | -6.63% |
| 1992-06-30 | $-618.00K | -246.45% |
| 1991-06-30 | $422.00K | -85.48% |
| 1990-06-30 | $2.91 Million | -14.58% |
| 1989-06-30 | $3.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Calidus Resources Ltd'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 2871262200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $173.70 Million | 114.47% |
| Other Comprehensive Income | $8.16 Million | 5.37% |
| Total Equity | $151.74 Million | 100.00% |
Calidus Resources Ltd Competitors by Market Cap
The table below lists competitors of Calidus Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amarc Resources Ltd
OTCQB:AXREF
|
$44.13 Million |
|
Millennium Grp Corp (Asia)
BK:MGC
|
$44.14 Million |
|
Eastern Water Resources Development and Management Public Company Limited
BK:EASTW
|
$44.15 Million |
|
Highlands Bankshares Inc
PINK:HBSI
|
$44.16 Million |
|
Confidence Petroleum India Limited
NSE:CONFIPET
|
$44.11 Million |
|
Ckd Bio
KO:063160
|
$44.11 Million |
|
Sachem Capital Corp
NYSE MKT:SACH
|
$44.10 Million |
|
Ramada Investimentos e Industria S.A
LS:RAM
|
$44.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Calidus Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 100,815,334 to 151,744,142, a change of 50,928,808 (50.5%).
- Net loss of 6,008,892 reduced equity.
- Dividend payments of 4,933,367 reduced retained earnings.
- Share repurchases of 2,154,744 reduced equity.
- New share issuances of 44,804,861 increased equity.
- Other comprehensive income increased equity by 2,812,711.
- Other factors increased equity by 16,408,239.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-6.01 Million | -3.96% |
| Dividends Paid | $4.93 Million | -3.25% |
| Share Repurchases | $2.15 Million | -1.42% |
| Share Issuances | $44.80 Million | +29.53% |
| Other Comprehensive Income | $2.81 Million | +1.85% |
| Other Changes | $16.41 Million | +10.81% |
| Total Change | $- | 50.52% |
Book Value vs Market Value Analysis
This analysis compares Calidus Resources Ltd'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: 0.37x
- 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 increased from 0.00x to 0.37x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-06-30 | $3597.25 | $0.09 | x |
| 1990-06-30 | $3072.94 | $0.09 | x |
| 1991-06-30 | $446.09 | $0.09 | x |
| 1992-06-30 | $-653.28 | $0.09 | x |
| 1993-06-30 | $-696.62 | $0.09 | x |
| 1994-06-30 | $-13.96 | $0.09 | x |
| 1995-06-30 | $107.06 | $0.09 | x |
| 1996-06-30 | $0.08 | $0.09 | x |
| 1997-06-30 | $-23.75 | $0.09 | x |
| 1998-06-30 | $-42.03 | $0.09 | x |
| 1999-06-30 | $147.75 | $0.09 | x |
| 2000-06-30 | $291.11 | $0.09 | x |
| 2001-06-30 | $124.87 | $0.09 | x |
| 2002-06-30 | $67.15 | $0.09 | x |
| 2003-06-30 | $35.15 | $0.09 | x |
| 2004-06-30 | $3.15 | $0.09 | x |
| 2005-06-30 | $26.51 | $0.09 | x |
| 2006-06-30 | $-8.64 | $0.09 | x |
| 2007-06-30 | $-5.69 | $0.09 | x |
| 2008-06-30 | $-3.71 | $0.09 | x |
| 2009-06-30 | $-8.74 | $0.09 | x |
| 2010-06-30 | $1.85 | $0.09 | x |
| 2011-06-30 | $0.74 | $0.09 | x |
| 2012-06-30 | $0.31 | $0.09 | x |
| 2013-06-30 | $-1.81 | $0.09 | x |
| 2014-06-30 | $-4.88 | $0.09 | x |
| 2015-06-30 | $-6.51 | $0.09 | x |
| 2016-06-30 | $-6.17 | $0.09 | x |
| 2017-06-30 | $0.47 | $0.09 | x |
| 2018-06-30 | $0.14 | $0.09 | x |
| 2019-06-30 | $0.16 | $0.09 | x |
| 2020-06-30 | $0.16 | $0.09 | x |
| 2021-06-30 | $0.37 | $0.09 | x |
| 2022-06-30 | $0.25 | $0.09 | x |
| 2023-06-30 | $0.25 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Calidus Resources Ltd 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): -3.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.46%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.79x
- Recent ROE (-3.96%) is above the historical average (-2866.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | -0.62% | -8.40% | 0.06x | 1.21x | $-361.30K |
| 1990 | -17.06% | -670.27% | 0.02x | 1.28x | $-786.70K |
| 1991 | -588.86% | -5177.08% | 0.04x | 2.86x | $-2.53 Million |
| 1992 | 0.00% | -2418.60% | 0.27x | 0.00x | $-978.20K |
| 1993 | 0.00% | -75.93% | 0.39x | 0.00x | $24.90K |
| 1994 | 0.00% | -350.00% | 0.05x | 0.00x | $-122.40K |
| 1995 | -61.23% | -325.00% | 0.13x | 1.42x | $-196.60K |
| 1996 | -95041.72% | -877.66% | 0.32x | 338.65x | $-275.65K |
| 1997 | 0.00% | -214.71% | 0.45x | 0.00x | $-65.47K |
| 1998 | 0.00% | 0.00% | 0.00x | 0.00x | $-223.50K |
| 1999 | -18.40% | 0.00% | 0.00x | 1.17x | $-918.43K |
| 2000 | -38.86% | 0.00% | 0.00x | 1.05x | $-3.51 Million |
| 2001 | -102.67% | -19353.78% | 0.00x | 1.17x | $-3.89 Million |
| 2002 | -116.21% | -23556.48% | 0.00x | 1.13x | $-2.21 Million |
| 2003 | -65.20% | -4666.56% | 0.01x | 1.17x | $-805.72K |
| 2004 | -1709.54% | -54.84% | 1.63x | 19.08x | $-2.11 Million |
| 2005 | -40.21% | -12.01% | 2.24x | 1.49x | $-916.14K |
| 2006 | 0.00% | -4588.26% | 0.08x | 0.00x | $-3.31 Million |
| 2007 | 0.00% | -1300.61% | 0.16x | 0.00x | $-1.10 Million |
| 2008 | 0.00% | -332.32% | 0.39x | 0.00x | $-882.21K |
| 2009 | 0.00% | -703.54% | 0.25x | 0.00x | $-842.78K |
| 2010 | -236.30% | -2159.75% | 0.02x | 4.90x | $-1.09 Million |
| 2011 | -629.93% | -1287.21% | 0.05x | 10.12x | $-1.51 Million |
| 2012 | -1568.24% | -705.86% | 0.14x | 15.57x | $-2.13 Million |
| 2013 | 0.00% | -500.99% | 0.51x | 0.00x | $-2.09 Million |
| 2014 | 0.00% | -1004.79% | 0.90x | 0.00x | $-1.81 Million |
| 2015 | 0.00% | -282.14% | 9.86x | 0.00x | $-651.55K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $635.24K |
| 2017 | -41.13% | 0.00% | 0.00x | 1.25x | $-3.06 Million |
| 2018 | -19.12% | 0.00% | 0.00x | 1.11x | $-4.38 Million |
| 2019 | -5.65% | -33.67% | 0.15x | 1.09x | $-3.44 Million |
| 2020 | -6.75% | -399.51% | 0.02x | 1.04x | $-5.20 Million |
| 2021 | -4.47% | -9282.73% | 0.00x | 1.39x | $-15.47 Million |
| 2022 | -8.65% | 0.00% | 0.00x | 2.36x | $-18.80 Million |
| 2023 | -3.96% | -7.46% | 0.30x | 1.79x | $-21.18 Million |
Industry Comparison
This section compares Calidus Resources Ltd'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 |
|---|---|---|---|---|
| Calidus Resources Ltd (CALRF) | $135.03 Million | -0.62% | 1.35x | $44.11 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 |