Golden Goliath Resources Ltd
Golden Goliath Resources Ltd. engages in the acquisition and exploration of resource properties in Canada and Mexico. The company explores and develops gold and silver properties. It holds a 100% interest in the Wish Ore Property in the townships of Wishat and Palmer, Ontario; and the Ernst rare earth element located in Lack Ernst, Quebec. In addition, the company owns 100% interest in the KWAI p… Read more
Golden Goliath Resources Ltd (GGTHF) - Net Assets
Latest net assets as of May 2025: $337.26K USD
Based on the latest financial reports, Golden Goliath Resources Ltd (GGTHF) has net assets worth $337.26K USD as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($856.62K) and total liabilities ($519.35K). 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 | $337.26K |
| % of Total Assets | 39.37% |
| Annual Growth Rate | -7.45% |
| 5-Year Change | -83.85% |
| 10-Year Change | -78.36% |
| Growth Volatility | 44.31 |
Golden Goliath Resources Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Golden Goliath Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Golden Goliath Resources Ltd (2001–2024)
The table below shows the annual net assets of Golden Goliath Resources Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-08-31 | $651.32K | -82.90% |
| 2023-08-31 | $3.81 Million | -8.29% |
| 2022-08-31 | $4.15 Million | -7.04% |
| 2021-08-31 | $4.47 Million | +10.74% |
| 2020-08-31 | $4.03 Million | +111.31% |
| 2019-08-31 | $1.91 Million | +0.66% |
| 2018-08-31 | $1.90 Million | -15.93% |
| 2017-08-31 | $2.26 Million | -12.89% |
| 2016-08-31 | $2.59 Million | -13.98% |
| 2015-08-31 | $3.01 Million | -16.10% |
| 2014-08-31 | $3.59 Million | -49.98% |
| 2013-08-31 | $7.17 Million | -20.18% |
| 2012-08-31 | $8.99 Million | -24.16% |
| 2011-08-31 | $11.85 Million | +18.13% |
| 2010-08-31 | $10.03 Million | +22.97% |
| 2009-08-31 | $8.16 Million | -20.77% |
| 2008-08-31 | $10.30 Million | -5.97% |
| 2007-08-31 | $10.95 Million | +132.74% |
| 2006-08-31 | $4.70 Million | +37.50% |
| 2005-08-31 | $3.42 Million | -21.61% |
| 2004-08-31 | $4.36 Million | +16.49% |
| 2003-08-31 | $3.75 Million | -13.06% |
| 2002-08-31 | $4.31 Million | +11.62% |
| 2001-08-31 | $3.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden Goliath Resources Ltd'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 3190406200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $30.86 Million | 4737.33% |
| Other Components | $3.57 Million | 547.39% |
| Total Equity | $651.32K | 100.00% |
Golden Goliath Resources Ltd Competitors by Market Cap
The table below lists competitors of Golden Goliath Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innovative Payment Solutions Inc
OTCQB:IPSI
|
$1.27 Million |
|
Alliance Mining Corp
V:ALM
|
$1.27 Million |
|
Visible Gold Mines Inc
PINK:VGMIF
|
$1.27 Million |
|
Gabriel Resources Ltd
PINK:GBRRF
|
$1.27 Million |
|
Manchester Building Society 6.75% PIBS
LSE:MBSP
|
$1.27 Million |
|
MICROSTRATEGY-A
BE:MIGA
|
$1.27 Million |
|
Birdie Win Corporation
PINK:BRWC
|
$1.27 Million |
|
EVERYBODY LOVES LANGUAGES
F:VB6
|
$1.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Goliath Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,808,264 to 651,323, a change of -3,156,941 (-82.9%).
- Net loss of 3,347,000 reduced equity.
- New share issuances of 190,000 increased equity.
- Other comprehensive income decreased equity by 3,565,284.
- Other factors increased equity by 3,565,343.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.35 Million | -513.88% |
| Share Issuances | $190.00K | +29.17% |
| Other Comprehensive Income | $-3.57 Million | -547.39% |
| Other Changes | $3.57 Million | +547.4% |
| Total Change | $- | -82.90% |
Book Value vs Market Value Analysis
This analysis compares Golden Goliath Resources Ltd'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: 2.43x
- 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 0.04x to 2.43x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-08-31 | $1.61 | $0.06 | x |
| 2002-08-31 | $1.64 | $0.06 | x |
| 2003-08-31 | $1.15 | $0.06 | x |
| 2004-08-31 | $1.00 | $0.06 | x |
| 2005-08-31 | $0.64 | $0.06 | x |
| 2006-08-31 | $0.82 | $0.06 | x |
| 2007-08-31 | $1.56 | $0.06 | x |
| 2008-08-31 | $1.18 | $0.06 | x |
| 2009-08-31 | $0.94 | $0.06 | x |
| 2010-08-31 | $0.97 | $0.06 | x |
| 2011-08-31 | $0.97 | $0.06 | x |
| 2012-08-31 | $0.68 | $0.06 | x |
| 2013-08-31 | $0.51 | $0.06 | x |
| 2014-08-31 | $0.24 | $0.06 | x |
| 2015-08-31 | $0.20 | $0.06 | x |
| 2016-08-31 | $0.17 | $0.06 | x |
| 2017-08-31 | $0.15 | $0.06 | x |
| 2018-08-31 | $0.12 | $0.06 | x |
| 2019-08-31 | $0.13 | $0.06 | x |
| 2020-08-31 | $0.25 | $0.06 | x |
| 2021-08-31 | $0.22 | $0.06 | x |
| 2022-08-31 | $0.20 | $0.06 | x |
| 2023-08-31 | $0.17 | $0.06 | x |
| 2024-08-31 | $0.03 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Goliath Resources Ltd 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): -513.88%
- 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: 1.51x
- Recent ROE (-513.88%) is below the historical average (-45.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -11.34% | 0.00% | 0.00x | 1.01x | $-824.09K |
| 2002 | -12.69% | 0.00% | 0.00x | 1.06x | $-977.94K |
| 2003 | -45.16% | 0.00% | 0.00x | 1.01x | $-2.07 Million |
| 2004 | -37.37% | 0.00% | 0.00x | 1.01x | $-2.07 Million |
| 2005 | -31.36% | 0.00% | 0.00x | 1.01x | $-1.42 Million |
| 2006 | -24.04% | 0.00% | 0.00x | 1.01x | $-1.60 Million |
| 2007 | -9.46% | 0.00% | 0.00x | 1.03x | $-2.13 Million |
| 2008 | -7.97% | 0.00% | 0.00x | 1.05x | $-1.85 Million |
| 2009 | -26.92% | 0.00% | 0.00x | 1.01x | $-3.01 Million |
| 2010 | -14.09% | 0.00% | 0.00x | 1.02x | $-2.42 Million |
| 2011 | -8.54% | 0.00% | 0.00x | 1.01x | $-2.20 Million |
| 2012 | -41.12% | 0.00% | 0.00x | 1.02x | $-4.59 Million |
| 2013 | -40.85% | 0.00% | 0.00x | 1.02x | $-3.65 Million |
| 2014 | -98.92% | 0.00% | 0.00x | 1.03x | $-3.91 Million |
| 2015 | -19.10% | 0.00% | 0.00x | 1.22x | $-876.02K |
| 2016 | -27.88% | 0.00% | 0.00x | 1.19x | $-980.93K |
| 2017 | -14.79% | 0.00% | 0.00x | 1.28x | $-559.24K |
| 2018 | -23.15% | 0.00% | 0.00x | 1.41x | $-628.63K |
| 2019 | -0.46% | 0.00% | 0.00x | 1.09x | $-199.70K |
| 2020 | -26.28% | 0.00% | 0.00x | 1.05x | $-1.46 Million |
| 2021 | -22.16% | 0.00% | 0.00x | 1.08x | $-1.44 Million |
| 2022 | -14.37% | 0.00% | 0.00x | 1.05x | $-1.01 Million |
| 2023 | -14.52% | 0.00% | 0.00x | 1.09x | $-933.83K |
| 2024 | -513.88% | 0.00% | 0.00x | 1.51x | $-3.41 Million |
Industry Comparison
This section compares Golden Goliath Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Goliath Resources Ltd (GGTHF) | $337.26K | -11.34% | 1.54x | $1.27 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |