Eastern Goldfields Inc
Eastern Goldfields, Inc., through its subsidiaries, engages in the acquisition, development, exploration, and mining of gold properties. Its mining operations are located primarily in the Barberton Greenstone Belt area of the Mpumalanga Province, South Africa. The company is based in San Diego, California.
Eastern Goldfields Inc (EGDD) - Net Assets
Latest net assets as of March 2024: $705.96K USD
Based on the latest financial reports, Eastern Goldfields Inc (EGDD) has net assets worth $705.96K USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.07 Million) and total liabilities ($368.64K). 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 | $705.96K |
| % of Total Assets | 65.7% |
| Annual Growth Rate | -8.82% |
| 5-Year Change | -93.53% |
| 10-Year Change | N/A |
| Growth Volatility | 79.01 |
Eastern Goldfields Inc - Net Assets Trend (2004–2023)
This chart illustrates how Eastern Goldfields 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 Eastern Goldfields Inc (2004–2023)
The table below shows the annual net assets of Eastern Goldfields Inc from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $705.96K | +903.76% |
| 2022-12-31 | $-87.83K | -100.86% |
| 2008-12-31 | $10.24 Million | -26.48% |
| 2007-12-31 | $13.93 Million | +27.55% |
| 2006-12-31 | $10.92 Million | +10.76% |
| 2005-12-31 | $9.86 Million | +141.47% |
| 2004-12-31 | $4.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Eastern Goldfields 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 2239299600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $129.25K | 18.31% |
| Other Comprehensive Income | $-3.03 Million | -429.27% |
| Other Components | $30.68 Million | 4346.41% |
| Total Equity | $705.96K | 100.00% |
Eastern Goldfields Inc Competitors by Market Cap
The table below lists competitors of Eastern Goldfields Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Full Alliance Group Inc
PINK:FAGI
|
$72.57 |
|
JOHN HOLT PLC
XNSA:JOHNHOLT
|
$72.61 |
|
Foresight Solar Fund Ltd
LSE:FSFL
|
$72.78 |
|
CHAR OIL & GAS
BE:C62
|
$73.06 |
|
Global Develpmts
PINK:GDVM
|
$71.91 |
|
NMBZ HOLDINGS LIMITED
XZIM:NMB
|
$71.70 |
|
Waterfront Philippines Inc
PSE:WPI
|
$71.34 |
|
COBRE MONTANA
BE:3MW
|
$71.28 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eastern Goldfields Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -87,832 to 705,962, a change of 793,794.
- Net loss of 5,742,558 reduced equity.
- Other factors increased equity by 6,536,352.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.74 Million | -813.44% |
| Other Changes | $6.54 Million | +925.88% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Eastern Goldfields 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: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.01x to 1.46x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $0.73 | $0.01 | x |
| 2005-12-31 | $1.56 | $0.01 | x |
| 2006-12-31 | $1.16 | $0.01 | x |
| 2007-12-31 | $1.34 | $0.01 | x |
| 2008-12-31 | $0.97 | $0.01 | x |
| 2022-12-31 | $0.00 | $0.01 | x |
| 2023-12-31 | $0.01 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eastern Goldfields 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): -813.44%
- 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: 1.52x
- Recent ROE (-813.44%) is below the historical average (-133.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -51.13% | -58.43% | 0.36x | 2.46x | $-2.50 Million |
| 2005 | -18.94% | -28.30% | 0.52x | 1.30x | $-2.53 Million |
| 2006 | -5.16% | -6.61% | 0.60x | 1.29x | $-1.44 Million |
| 2007 | -11.39% | -19.27% | 0.43x | 1.36x | $-2.64 Million |
| 2008 | -32.69% | -42.91% | 0.23x | 3.26x | $-3.87 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $141.27K |
| 2023 | -813.44% | 0.00% | 0.00x | 1.52x | $-5.81 Million |
Industry Comparison
This section compares Eastern Goldfields Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $-56,363,212
- Average return on equity (ROE) among peers: -7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eastern Goldfields Inc (EGDD) | $705.96K | -51.13% | 0.52x | $72.22 |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $198.37 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $205.28 Million |
| Ares Acquisition Corporation II (AACT-UN) | $-22.04K | 0.00% | 0.00x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $5.32 Million | -71.85% | 3.84x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $-185.37K | 0.00% | 0.00x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-181.19K | 0.00% | 0.00x | $14.73K |
| ACRO Biomedical Co Ltd (ACBM) | $-14.79K | 0.00% | 0.00x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-1.02K | 0.00% | 0.00x | $3.15K |