Cartier Resources Inc
Cartier Resources Inc. engages in the acquisition and exploration of mining properties in Canada. The company explores for gold deposits. Its flagship project is the Cadillac project located to the east of Val-d'Or, Quebec. The company was incorporated in 2006 and is headquartered in Val-D'or, Canada.
Cartier Resources Inc (ECRFF) - Net Assets
Latest net assets as of September 2025: $39.36 Million USD
Based on the latest financial reports, Cartier Resources Inc (ECRFF) has net assets worth $39.36 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 ($44.82 Million) and total liabilities ($5.47 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 | $39.36 Million |
| % of Total Assets | 87.81% |
| Annual Growth Rate | 11.16% |
| 5-Year Change | 19.49% |
| 10-Year Change | 312.01% |
| Growth Volatility | 31.6 |
Cartier Resources Inc - Net Assets Trend (2007–2024)
This chart illustrates how Cartier 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 Cartier Resources Inc (2007–2024)
The table below shows the annual net assets of Cartier Resources Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $33.46 Million | -20.55% |
| 2023-12-31 | $42.12 Million | +6.61% |
| 2022-12-31 | $39.51 Million | +37.41% |
| 2021-12-31 | $28.75 Million | +2.66% |
| 2020-12-31 | $28.01 Million | +25.26% |
| 2019-12-31 | $22.36 Million | +5.64% |
| 2018-12-31 | $21.16 Million | -17.60% |
| 2017-12-31 | $25.68 Million | +95.22% |
| 2016-12-31 | $13.16 Million | +61.99% |
| 2015-12-31 | $8.12 Million | -12.35% |
| 2014-12-31 | $9.27 Million | -6.28% |
| 2013-12-31 | $9.89 Million | -6.84% |
| 2012-12-31 | $10.61 Million | -4.94% |
| 2011-12-31 | $11.17 Million | +12.21% |
| 2010-12-31 | $9.95 Million | +67.07% |
| 2009-12-31 | $5.96 Million | +8.28% |
| 2008-12-31 | $5.50 Million | -0.70% |
| 2007-12-31 | $5.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cartier 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 3074065100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $60.56 Million | 180.96% |
| Other Comprehensive Income | $-154.54K | -0.46% |
| Other Components | $4.47 Million | 13.35% |
| Total Equity | $33.46 Million | 100.00% |
Cartier Resources Inc Competitors by Market Cap
The table below lists competitors of Cartier Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nimbus Group AB
ST:BOAT
|
$24.37 Million |
|
Consolidated Construction Consortium Limited
NSE:CCCL
|
$24.37 Million |
|
BRAGG GAMING GRP NEW
F:SL4
|
$24.39 Million |
|
Dongsin Engineering & Construction
KQ:025950
|
$24.39 Million |
|
GEOMEGA RES
MU:92G
|
$24.37 Million |
|
AWILCO LNG NK -10
F:AWQ
|
$24.37 Million |
|
Angkor Resources Corp
OTCQB:ANKOF
|
$24.36 Million |
|
ONUR TEKNOLOJI
IS:ONRYT
|
$24.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cartier Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,118,405 to 33,463,316, a change of -8,655,089 (-20.5%).
- Net loss of 10,141,714 reduced equity.
- New share issuances of 1,487,432 increased equity.
- Other comprehensive income decreased equity by 437,400.
- Other factors increased equity by 436,593.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-10.14 Million | -30.31% |
| Share Issuances | $1.49 Million | +4.44% |
| Other Comprehensive Income | $-437.40K | -1.31% |
| Other Changes | $436.59K | +1.3% |
| Total Change | $- | -20.55% |
Book Value vs Market Value Analysis
This analysis compares Cartier 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: 0.83x
- 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 0.17x to 0.83x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $0.46 | $0.08 | x |
| 2008-12-31 | $0.33 | $0.08 | x |
| 2009-12-31 | $0.26 | $0.08 | x |
| 2010-12-31 | $0.34 | $0.08 | x |
| 2011-12-31 | $0.27 | $0.08 | x |
| 2012-12-31 | $0.21 | $0.08 | x |
| 2013-12-31 | $0.17 | $0.08 | x |
| 2014-12-31 | $0.14 | $0.08 | x |
| 2015-12-31 | $0.11 | $0.08 | x |
| 2016-12-31 | $0.15 | $0.08 | x |
| 2017-12-31 | $0.18 | $0.08 | x |
| 2018-12-31 | $0.12 | $0.08 | x |
| 2019-12-31 | $0.12 | $0.08 | x |
| 2020-12-31 | $0.14 | $0.08 | x |
| 2021-12-31 | $0.13 | $0.08 | x |
| 2022-12-31 | $0.15 | $0.08 | x |
| 2023-12-31 | $0.13 | $0.08 | x |
| 2024-12-31 | $0.09 | $0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cartier 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): -30.31%
- 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: 1.13x
- Recent ROE (-30.31%) is below the historical average (-12.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -10.58% | 0.00% | 0.00x | 1.10x | $-1.14 Million |
| 2008 | -12.55% | 0.00% | 0.00x | 1.12x | $-1.24 Million |
| 2009 | -13.36% | 0.00% | 0.00x | 1.15x | $-1.39 Million |
| 2010 | -9.02% | 0.00% | 0.00x | 1.13x | $-1.89 Million |
| 2011 | -14.46% | 0.00% | 0.00x | 1.23x | $-2.73 Million |
| 2012 | -20.06% | 0.00% | 0.00x | 1.25x | $-3.19 Million |
| 2013 | -15.56% | 0.00% | 0.00x | 1.26x | $-2.53 Million |
| 2014 | -14.54% | 0.00% | 0.00x | 1.26x | $-2.27 Million |
| 2015 | -25.09% | 0.00% | 0.00x | 1.25x | $-2.85 Million |
| 2016 | -6.30% | 0.00% | 0.00x | 1.20x | $-2.14 Million |
| 2017 | -7.27% | 0.00% | 0.00x | 1.15x | $-4.44 Million |
| 2018 | -23.57% | 0.00% | 0.00x | 1.10x | $-7.11 Million |
| 2019 | -4.41% | 0.00% | 0.00x | 1.14x | $-3.22 Million |
| 2020 | -3.04% | 0.00% | 0.00x | 1.21x | $-3.65 Million |
| 2021 | -1.01% | 0.00% | 0.00x | 1.16x | $-3.17 Million |
| 2022 | -2.82% | 0.00% | 0.00x | 1.14x | $-5.06 Million |
| 2023 | -3.30% | 0.00% | 0.00x | 1.12x | $-5.60 Million |
| 2024 | -30.31% | 0.00% | 0.00x | 1.13x | $-13.49 Million |
Industry Comparison
This section compares Cartier Resources 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 |
|---|---|---|---|---|
| Cartier Resources Inc (ECRFF) | $39.36 Million | -10.58% | 0.14x | $24.37 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 |