Clarity Gold Corp
Clarity Metals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral projects in Canada. It explores for lithium and precious metals. The company was formerly known as Clarity Gold Corp. and changed its name to Clarity Metals Corp. in December 2022. Clarity Metals Corp. was incorporated in 2019 and is based in Vancouver, Canada.
Clarity Gold Corp (CLGCF) - Net Assets
Latest net assets as of September 2025: $-274.89K USD
Based on the latest financial reports, Clarity Gold Corp (CLGCF) has net assets worth $-274.89K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($355.71K) and total liabilities ($630.60K). 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 | $-274.89K |
| % of Total Assets | -77.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | -147.47% |
| 10-Year Change | N/A |
| Growth Volatility | 1221.82 |
Clarity Gold Corp - Net Assets Trend (2019–2024)
This chart illustrates how Clarity Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Clarity Gold Corp (2019–2024)
The table below shows the annual net assets of Clarity Gold Corp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-492.87K | -287.40% |
| 2023-12-31 | $263.00K | -87.59% |
| 2022-12-31 | $2.12 Million | -28.39% |
| 2021-12-31 | $2.96 Million | +185.02% |
| 2020-12-31 | $1.04 Million | +2976.67% |
| 2019-12-31 | $33.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Clarity Gold Corp'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 1349719800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.73 Million | % |
| Other Comprehensive Income | $396.06K | % |
| Total Equity | $-492.87K | 100.00% |
Clarity Gold Corp Competitors by Market Cap
The table below lists competitors of Clarity Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIV Capital Ltd
AU:SIV
|
$1.41 Million |
|
Readcrest Capital AG
XETRA:EXJ
|
$1.41 Million |
|
Creepy Jar S.A.
F:3CJ
|
$1.41 Million |
|
286 Lenox Partners LLC
OTCGREY:TESLU
|
$1.41 Million |
|
XiDeLang Holdings Ltd
KLSE:5156
|
$1.41 Million |
|
Raj Television Network Limited
NSE:RAJTV
|
$1.41 Million |
|
Payton -L
TA:PAYT
|
$1.41 Million |
|
Youngone Holdings Co. Ltd.
KQ:009970
|
$1.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Clarity Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 263,004 to -492,873, a change of -755,877 (-287.4%).
- Net loss of 1,521,102 reduced equity.
- Other comprehensive income increased equity by 217,403.
- Other factors increased equity by 547,822.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.52 Million | -308.62% |
| Other Comprehensive Income | $217.40K | +44.11% |
| Other Changes | $547.82K | +111.15% |
| Total Change | $- | -287.40% |
Book Value vs Market Value Analysis
This analysis compares Clarity Gold Corp'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.00 | $0.02 | x |
| 2020-12-31 | $0.07 | $0.02 | x |
| 2021-12-31 | $0.11 | $0.02 | x |
| 2022-12-31 | $0.07 | $0.02 | x |
| 2023-12-31 | $0.01 | $0.02 | x |
| 2024-12-31 | $-0.01 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Clarity Gold Corp 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): 0.00%
- 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: 0.00x
- Recent ROE (0.00%) is above the historical average (-252.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -118.67% | 0.00% | 0.00x | 4.73x | $-43.42K |
| 2020 | -186.20% | 0.00% | 0.00x | 1.65x | $-2.04 Million |
| 2021 | -220.38% | 0.00% | 0.00x | 1.18x | $-6.82 Million |
| 2022 | -130.79% | 0.00% | 0.00x | 1.25x | $-2.98 Million |
| 2023 | -857.71% | 0.00% | 0.00x | 3.32x | $-2.28 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.47 Million |
Industry Comparison
This section compares Clarity Gold Corp'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 |
|---|---|---|---|---|
| Clarity Gold Corp (CLGCF) | $-274.89K | -118.67% | N/A | $1.41 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 |