Handeni Gold Inc
Handeni Gold Inc. does not have significant operations. Previously, it engaged in the acquisition and exploration of mineral properties in the United Republic of Tanzania. The company was formerly known as Douglas Lake Minerals Inc. and changed its name to Handeni Gold Inc. in February 2012. Handeni Gold Inc. was incorporated in 2004 and is based in Cleveland, Ohio.
Handeni Gold Inc (HNDI) - Net Assets
Latest net assets as of February 2017: $-975.59K USD
Based on the latest financial reports, Handeni Gold Inc (HNDI) has net assets worth $-975.59K USD as of February 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.47 Million) and total liabilities ($2.45 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 | $-975.59K |
| % of Total Assets | -66.23% |
| Annual Growth Rate | N/A |
| 5-Year Change | -115.31% |
| 10-Year Change | N/A |
| Growth Volatility | 513.28 |
Handeni Gold Inc - Net Assets Trend (2005–2016)
This chart illustrates how Handeni Gold 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 Handeni Gold Inc (2005–2016)
The table below shows the annual net assets of Handeni Gold Inc from 2005 to 2016.
| Year | Net Assets | Change |
|---|---|---|
| 2016-05-31 | $-741.91K | -1201.00% |
| 2015-05-31 | $-57.03K | -106.13% |
| 2014-05-31 | $930.05K | -57.82% |
| 2013-05-31 | $2.20 Million | -54.49% |
| 2012-05-31 | $4.85 Million | -63.57% |
| 2011-05-31 | $13.30 Million | +982.67% |
| 2010-05-31 | $-1.51 Million | -50.16% |
| 2009-05-31 | $-1.00 Million | +20.28% |
| 2008-05-31 | $-1.26 Million | -17.11% |
| 2007-05-31 | $-1.07 Million | -1443.00% |
| 2006-05-31 | $80.02K | -51.04% |
| 2005-05-31 | $163.46K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Handeni Gold 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 11751408200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2016)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.14K | % |
| Other Components | $117.24 Million | % |
| Total Equity | $-741.91K | 100.00% |
Handeni Gold Inc Competitors by Market Cap
The table below lists competitors of Handeni Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OFS Capital Corporation 7.50% Notes due 2028
NASDAQ:OFSSO
|
$241.05K |
|
Mydecine Innovations Group Inc
PINK:MYCOF
|
$241.12K |
|
Australian Bond Exchange Holdings Ltd
AU:ABE
|
$241.16K |
|
Kure Technologies Inc
OTCGREY:UBSBF
|
$241.21K |
|
DELUXE
MU:DL8
|
$241.00K |
|
Third Point Investors Limited
PINK:TPNTF
|
$240.93K |
|
Bentley Capital Ltd
AU:BEL
|
$240.90K |
|
Kaival Brands Innovations Group Inc
NASDAQ:KAVL
|
$240.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Handeni Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2015 to 2016, total equity changed from -57,026 to -741,908, a change of -684,882.
- Net loss of 873,000 reduced equity.
- Other factors increased equity by 188,118.
Equity Change Factors (2015 to 2016)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-873.00K | -117.67% |
| Other Changes | $188.12K | +25.36% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Handeni Gold 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-05-31 | $0.01 | $0.50 | x |
| 2006-05-31 | $0.00 | $0.50 | x |
| 2007-05-31 | $-0.01 | $0.50 | x |
| 2008-05-31 | $0.00 | $0.50 | x |
| 2009-05-31 | $0.00 | $0.50 | x |
| 2010-05-31 | $0.00 | $0.50 | x |
| 2011-05-31 | $0.01 | $0.50 | x |
| 2012-05-31 | $0.00 | $0.50 | x |
| 2013-05-31 | $0.00 | $0.50 | x |
| 2014-05-31 | $0.00 | $0.50 | x |
| 2015-05-31 | $0.00 | $0.50 | x |
| 2016-05-31 | $0.00 | $0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Handeni Gold 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): 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 (-715.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -263.06% | 0.00% | 0.00x | 1.24x | $-446.35K |
| 2006 | -7197.84% | 0.00% | 0.00x | 4.40x | $-5.77 Million |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-16.24 Million |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-366.13K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.66 Million |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.90 Million |
| 2011 | -544.49% | 0.00% | 0.00x | 1.04x | $-73.74 Million |
| 2012 | -142.49% | 0.00% | 0.00x | 1.03x | $-7.39 Million |
| 2013 | -192.21% | 0.00% | 0.00x | 1.35x | $-4.46 Million |
| 2014 | -246.65% | 0.00% | 0.00x | 2.57x | $-2.39 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.16 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-798.81K |
Industry Comparison
This section compares Handeni Gold Inc's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $36,677,338
- Average return on equity (ROE) among peers: -64.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Handeni Gold Inc (HNDI) | $-975.59K | -263.06% | N/A | $241.01K |
| 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) | $931.34 Million | 0.00% | 0.08x | $399.77 Million |
| AA Mission Acquisition Corp. (AAM-UN) | $-559.90 Million | 0.00% | 0.00x | $349.76 Million |
| Global Acquisitions Corporation (AASP) | $3.80 Million | -5.26% | 0.34x | $15.42 Million |
| ABV Consulting Inc (ABVN) | $8.75K | -623.31% | 2.50x | $461.96K |
| Atlantic Coastal Acquisition Corp II (ACAB) | $-8.52 Million | 0.00% | 0.00x | $2.44 Million |
| Annabidiol Corp (ACBD) | $-501.57K | 0.00% | 0.00x | $13.62K |
| ACRO Biomedical Co Ltd (ACBM) | $685.87K | -17.12% | 0.46x | $30.04K |
| Huaizhong Health Group Inc (ADAD) | $-19.47K | 0.00% | 0.00x | $3.15K |