Global Gold Corporation
Global Gold Corporation engages in the exploration, development, and mining of gold, silver, and other minerals in Armenia and Chile. The company holds an interest in The Toukhmanuk Property, located in the north central Armenian belt, covering an area of 53.76 square kilometers, as well as 100% interest in the Marjan property located in southwestern Armenia, covering an area of 19.6 square kilom… Read more
Global Gold Corporation (GBGD) - Net Assets
Latest net assets as of June 2017: $-18.36 Million USD
Based on the latest financial reports, Global Gold Corporation (GBGD) has net assets worth $-18.36 Million USD as of June 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.55 Million) and total liabilities ($20.92 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 | $-18.36 Million |
| % of Total Assets | -719.25% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 265.66 |
Global Gold Corporation - Net Assets Trend (2001–2023)
This chart illustrates how Global Gold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Global Gold Corporation (2001–2023)
The table below shows the annual net assets of Global Gold Corporation from 2001 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $-23.24 Million | -9.84% |
| 2022-12-31 | $-21.16 Million | -5.82% |
| 2021-12-31 | $-20.00 Million | -15.87% |
| 2016-12-31 | $-17.26 Million | -16.17% |
| 2015-12-31 | $-14.86 Million | -30.53% |
| 2014-12-31 | $-11.38 Million | -54.18% |
| 2013-12-31 | $-7.38 Million | -50.14% |
| 2012-12-31 | $-4.92 Million | +31.18% |
| 2011-12-31 | $-7.14 Million | -754.23% |
| 2010-12-31 | $-836.32K | +66.00% |
| 2009-12-31 | $-2.46 Million | -226.73% |
| 2008-12-31 | $1.94 Million | -75.83% |
| 2007-12-31 | $8.03 Million | -41.89% |
| 2006-12-31 | $13.82 Million | +471.12% |
| 2005-12-31 | $2.42 Million | +65.93% |
| 2004-12-31 | $1.46 Million | +456.61% |
| 2003-12-31 | $261.95K | +1001.75% |
| 2001-12-31 | $-29.05K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Gold Corporation'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 6525655500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $545.00 | % |
| Other Comprehensive Income | $1.52 Million | % |
| Other Components | $45.24 Million | % |
| Total Equity | $-23.24 Million | 100.00% |
Global Gold Corporation Competitors by Market Cap
The table below lists competitors of Global Gold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Subgen AI
ST:SUBGEN
|
$163.21 |
|
First Priority Tax Solutions Inc
PINK:FRFR
|
$163.35 |
|
MediaZest plc
LSE:MDZ
|
$165.12 |
|
Dewan Farooque Spinning Mills Ltd
KAR:DFSM
|
$165.25 |
|
Seraphim Space Investment Trust PLC
LSE:SSIT
|
$162.96 |
|
DDMP REIT Inc
PSE:DDMPR
|
$162.82 |
|
Middlefield Canadian Income PCC - Middlefield Canadian Income - GBP PC
LSE:MCT
|
$162.68 |
|
Trojan Gold Inc.
F:KC1
|
$162.63 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Gold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -21,160,506 to -23,243,217, a change of -2,082,711.
- Net loss of 1,658,594 reduced equity.
- Other comprehensive income decreased equity by 504,535.
- Other factors increased equity by 80,418.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.66 Million | -7.14% |
| Other Comprehensive Income | $-504.54K | -2.17% |
| Other Changes | $80.42K | +0.35% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Global Gold Corporation'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 |
|---|---|---|---|
| 2001-12-31 | $-1.67 | $0.51 | x |
| 2003-12-31 | $8.24 | $0.51 | x |
| 2004-12-31 | $35.83 | $0.51 | x |
| 2005-12-31 | $39.45 | $0.51 | x |
| 2006-12-31 | $135.94 | $0.51 | x |
| 2007-12-31 | $59.53 | $0.51 | x |
| 2008-12-31 | $14.22 | $0.51 | x |
| 2009-12-31 | $-15.42 | $0.51 | x |
| 2010-12-31 | $-4.33 | $0.51 | x |
| 2011-12-31 | $-22.05 | $0.51 | x |
| 2012-12-31 | $-11.94 | $0.51 | x |
| 2013-12-31 | $-17.48 | $0.51 | x |
| 2014-12-31 | $-25.73 | $0.51 | x |
| 2015-12-31 | $-30.97 | $0.51 | x |
| 2016-12-31 | $-34.49 | $0.51 | x |
| 2021-12-31 | $-49.26 | $0.51 | x |
| 2022-12-31 | $-47.70 | $0.51 | x |
| 2023-12-31 | $-45.05 | $0.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Gold Corporation 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 (-55.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | $-23.93K |
| 2003 | -235.47% | 0.00% | 0.00x | 2.20x | $-643.01K |
| 2004 | -47.19% | 0.00% | 0.00x | 1.00x | $-833.84K |
| 2005 | -95.45% | 0.00% | 0.00x | 1.78x | $-2.55 Million |
| 2006 | -38.33% | -88494.07% | 0.00x | 1.12x | $-6.68 Million |
| 2007 | -121.02% | -27105.78% | 0.00x | 1.20x | $-10.52 Million |
| 2008 | -461.30% | -63001.29% | 0.00x | 4.23x | $-9.15 Million |
| 2009 | 0.00% | -3161.98% | 0.02x | 0.00x | $-4.07 Million |
| 2010 | 0.00% | -1071.95% | 0.06x | 0.00x | $-3.76 Million |
| 2011 | 0.00% | -8000.74% | 0.02x | 0.00x | $-5.82 Million |
| 2012 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.54 Million |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.75 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.14 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-981.67K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-272.62K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $608.61K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $622.43K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $665.73K |
Industry Comparison
This section compares Global Gold Corporation'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 |
|---|---|---|---|---|
| Global Gold Corporation (GBGD) | $-18.36 Million | 0.00% | N/A | $163.00 |
| 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 |