Generic Gold Corporation
Generic Gold Corp., an exploration stage company, engages in acquisition and exploration of mineral properties in Canada. It primarily explores for gold deposits. The company holds 100% interest in the Belvais Project comprising 278 mineral claims covering an area of 8,148 hectares located in the Abitibi region of northwestern Quebec. It also holds interests in gold projects in the Yukon Territor… Read more
Generic Gold Corporation (GGCPF) - Net Assets
Latest net assets as of September 2025: $-36.35K USD
Based on the latest financial reports, Generic Gold Corporation (GGCPF) has net assets worth $-36.35K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($221.87K) and total liabilities ($258.22K). 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 | $-36.35K |
| % of Total Assets | -16.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | -94.42% |
| 10-Year Change | N/A |
| Growth Volatility | 24.34 |
Generic Gold Corporation - Net Assets Trend (2016–2024)
This chart illustrates how Generic 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 Generic Gold Corporation (2016–2024)
The table below shows the annual net assets of Generic Gold Corporation from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $268.55K | -65.19% |
| 2023-12-31 | $771.39K | -55.56% |
| 2022-12-31 | $1.74 Million | -48.32% |
| 2021-12-31 | $3.36 Million | -30.26% |
| 2020-12-31 | $4.82 Million | +1805.72% |
| 2019-12-31 | $-282.39K | -1059.79% |
| 2018-12-31 | $-24.35K | -103.53% |
| 2017-12-31 | $688.98K | +395.69% |
| 2016-12-31 | $-233.01K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Generic 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 1100111000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $13.88 Million | 5167.57% |
| Other Comprehensive Income | $720.29K | 268.22% |
| Total Equity | $268.55K | 100.00% |
Generic Gold Corporation Competitors by Market Cap
The table below lists competitors of Generic Gold Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Exact Therapeutics AS
OL:EXTX
|
$3.19 Million |
|
Matching Maximize Solution Public Company Limited
BK:MATCH
|
$3.19 Million |
|
Llama Group S.A.
PA:ALLAM
|
$3.19 Million |
|
Ameriwest Lithium Inc
PINK:AWLIF
|
$3.19 Million |
|
Nationwide RV & Resorts, Inc.
PINK:NWRV
|
$3.19 Million |
|
Afrimat
JSE:AFT
|
$3.19 Million |
|
K2 Asset Management Holdings Ltd
AU:KAM
|
$3.18 Million |
|
Zhengye Biotechnology Holding Limited Ordinary Shares
NASDAQ:ZYBT
|
$3.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Generic Gold Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 771,392 to 268,546, a change of -502,846 (-65.2%).
- Net loss of 503,000 reduced equity.
- Other comprehensive income decreased equity by 699,928.
- Other factors increased equity by 700,082.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-503.00K | -187.3% |
| Other Comprehensive Income | $-699.93K | -260.64% |
| Other Changes | $700.08K | +260.69% |
| Total Change | $- | -65.19% |
Book Value vs Market Value Analysis
This analysis compares Generic 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
- Current price-to-book ratio: 12.13x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $-0.01 | $0.05 | x |
| 2017-12-31 | $0.02 | $0.05 | x |
| 2018-12-31 | $0.00 | $0.05 | x |
| 2019-12-31 | $-0.01 | $0.05 | x |
| 2020-12-31 | $0.10 | $0.05 | x |
| 2021-12-31 | $0.05 | $0.05 | x |
| 2022-12-31 | $0.03 | $0.05 | x |
| 2023-12-31 | $0.01 | $0.05 | x |
| 2024-12-31 | $0.00 | $0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Generic 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): -187.30%
- 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: 1.78x
- Recent ROE (-187.30%) is below the historical average (-71.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-34.85K |
| 2017 | -53.08% | 0.00% | 0.00x | 1.14x | $-434.60K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.31 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-229.80K |
| 2020 | -101.09% | 0.00% | 0.00x | 1.17x | $-5.35 Million |
| 2021 | -80.91% | 0.00% | 0.00x | 1.15x | $-3.05 Million |
| 2022 | -93.49% | 0.00% | 0.00x | 1.14x | $-1.80 Million |
| 2023 | -125.10% | 0.00% | 0.00x | 1.28x | $-1.04 Million |
| 2024 | -187.30% | 0.00% | 0.00x | 1.78x | $-529.85K |
Industry Comparison
This section compares Generic 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 |
|---|---|---|---|---|
| Generic Gold Corporation (GGCPF) | $-36.35K | 0.00% | N/A | $3.19 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 |