Golden Ridge Resources Ltd
Golden Ridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, silver, copper, lead, zinc deposits. It holds 100% interest in the Hank Project consists of 4 claims covering an area of 1,700 hectares located in the Golden Triangle district of British Colombia; and100% interest in the Williams Gold Prope… Read more
Golden Ridge Resources Ltd (GORIF) - Net Assets
Latest net assets as of March 2025: $5.85 Million USD
Based on the latest financial reports, Golden Ridge Resources Ltd (GORIF) has net assets worth $5.85 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.02 Million) and total liabilities ($162.94K). 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 | $5.85 Million |
| % of Total Assets | 97.29% |
| Annual Growth Rate | 14.74% |
| 5-Year Change | -33.4% |
| 10-Year Change | 3168.41% |
| Growth Volatility | 735.4 |
Golden Ridge Resources Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Golden Ridge 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 Ridge Resources Ltd (2011–2024)
The table below shows the annual net assets of Golden Ridge Resources Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $5.72 Million | -7.46% |
| 2023-06-30 | $6.18 Million | -26.19% |
| 2022-06-30 | $8.38 Million | +8.14% |
| 2021-06-30 | $7.74 Million | -9.83% |
| 2020-06-30 | $8.59 Million | -4.24% |
| 2019-06-30 | $8.97 Million | +64.58% |
| 2018-06-30 | $5.45 Million | +2633.51% |
| 2017-06-30 | $199.38K | +262.02% |
| 2016-06-30 | $-123.06K | -170.31% |
| 2015-06-30 | $175.03K | +149.49% |
| 2014-06-30 | $70.16K | -76.39% |
| 2013-06-30 | $297.10K | -22.48% |
| 2012-06-30 | $383.27K | -59.96% |
| 2011-06-30 | $957.15K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden Ridge 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 1686048200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $19.89 Million | 347.70% |
| Other Comprehensive Income | $235.71K | 4.12% |
| Other Components | $2.75 Million | 48.09% |
| Total Equity | $5.72 Million | 100.00% |
Golden Ridge Resources Ltd Competitors by Market Cap
The table below lists competitors of Golden Ridge Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mittal Life Style Limited
NSE:MITTAL
|
$2.55 Million |
|
Australian Vanadium Limited
PINK:ATVVF
|
$2.55 Million |
|
Luxbright AB
ST:LXB
|
$2.55 Million |
|
X-Terra Resources Inc
PINK:XTRRF
|
$2.55 Million |
|
Encres Dubuit SA
PA:ALDUB
|
$2.55 Million |
|
PT Chemstar Indonesia Tbk
JK:CHEM
|
$2.55 Million |
|
Pathfinder Ventures Inc
OTCQB:RVRVF
|
$2.55 Million |
|
Botala Energy Ltd
AU:BTE
|
$2.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Ridge Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,181,865 to 5,720,835, a change of -461,030 (-7.5%).
- Net loss of 546 reduced equity.
- Other comprehensive income increased equity by 76,245.
- Other factors decreased equity by 536,729.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-545.56 | -0.01% |
| Other Comprehensive Income | $76.25K | +1.33% |
| Other Changes | $-536.73K | -9.38% |
| Total Change | $- | -7.46% |
Book Value vs Market Value Analysis
This analysis compares Golden Ridge 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: 0.59x
- 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 0.00x to 0.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-06-30 | $28.43 | $0.06 | x |
| 2012-06-30 | $50.74 | $0.06 | x |
| 2013-06-30 | $10.16 | $0.06 | x |
| 2014-06-30 | $2.40 | $0.06 | x |
| 2015-06-30 | $0.88 | $0.06 | x |
| 2016-06-30 | $-0.48 | $0.06 | x |
| 2017-06-30 | $0.16 | $0.06 | x |
| 2018-06-30 | $0.44 | $0.06 | x |
| 2019-06-30 | $0.55 | $0.06 | x |
| 2020-06-30 | $0.44 | $0.06 | x |
| 2021-06-30 | $0.19 | $0.06 | x |
| 2022-06-30 | $0.15 | $0.06 | x |
| 2023-06-30 | $0.11 | $0.06 | x |
| 2024-06-30 | $0.10 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Ridge 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): -0.01%
- 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: 1.06x
- Recent ROE (-0.01%) is above the historical average (-84.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -27.72% | 0.00% | 0.00x | 1.01x | $-361.03K |
| 2012 | -41.64% | 0.00% | 0.00x | 1.18x | $-197.92K |
| 2013 | -144.90% | 0.00% | 0.00x | 1.04x | $-460.23K |
| 2014 | -323.48% | 0.00% | 0.00x | 1.25x | $-233.96K |
| 2015 | -253.44% | 0.00% | 0.00x | 1.61x | $-461.10K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-342.69K |
| 2017 | -174.04% | 0.00% | 0.00x | 1.37x | $-366.94K |
| 2018 | -36.88% | 0.00% | 0.00x | 1.09x | $-2.56 Million |
| 2019 | -8.54% | 0.00% | 0.00x | 1.07x | $-1.66 Million |
| 2020 | -6.07% | 0.00% | 0.00x | 1.02x | $-1.38 Million |
| 2021 | -94.79% | 0.00% | 0.00x | 1.02x | $-8.12 Million |
| 2022 | -20.31% | 0.00% | 0.00x | 1.03x | $-2.54 Million |
| 2023 | -44.61% | 0.00% | 0.00x | 1.04x | $-3.38 Million |
| 2024 | -0.01% | 0.00% | 0.00x | 1.06x | $-572.63K |
Industry Comparison
This section compares Golden Ridge Resources Ltd's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Ridge Resources Ltd (GORIF) | $5.85 Million | -27.72% | 0.03x | $2.55 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |