JNC Resources Inc
Metalite Resources Inc., a junior exploration company, engages in the exploration for mineral resources in Canada and Australia. The company explores for gold and silver. Its primary project is the Arthurs Seat project covering an area of 42 square kms located in the northwestern region of the New England Orogenic Terrane. The company was formerly known as RooGold Inc. and changed its name to Met… Read more
JNC Resources Inc (JNCCF) - Net Assets
Latest net assets as of June 2025: $-693.90K USD
Based on the latest financial reports, JNC Resources Inc (JNCCF) has net assets worth $-693.90K USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($88.20K) and total liabilities ($782.10K). 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 | $-693.90K |
| % of Total Assets | -786.75% |
| Annual Growth Rate | N/A |
| 5-Year Change | -422.13% |
| 10-Year Change | N/A |
| Growth Volatility | 517.62 |
JNC Resources Inc - Net Assets Trend (2019–2024)
This chart illustrates how JNC Resources 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 JNC Resources Inc (2019–2024)
The table below shows the annual net assets of JNC Resources Inc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-624.70K | -67.80% |
| 2023-12-31 | $-372.28K | -161.16% |
| 2022-12-31 | $608.72K | -74.26% |
| 2021-12-31 | $2.36 Million | +1119.45% |
| 2020-12-31 | $193.93K | +42.81% |
| 2019-12-31 | $135.79K | -- |
Equity Component Analysis
This analysis shows how different components contribute to JNC Resources 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 1626379900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.21 Million | % |
| Other Comprehensive Income | $-10.88K | % |
| Other Components | $662.19K | % |
| Total Equity | $-624.70K | 100.00% |
JNC Resources Inc Competitors by Market Cap
The table below lists competitors of JNC Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BANK HANDLOWY (6HW.SG)
STU:6HW
|
$252.80K |
|
GJENSIDIGE FORSIKRI
BE:XGJ
|
$253.17K |
|
Jeudan A/S
F:0AZ
|
$253.34K |
|
STOX
BATS:STOX
|
$253.46K |
|
NaturalShrimp Inc
PINK:SHMP
|
$252.65K |
|
SUNTORY B & F
BE:7SN
|
$252.49K |
|
WILLIAM DEMANT HOLDING A-S
STU:WDH1
|
$252.15K |
|
Fursys Inc.
KQ:016800
|
$252.11K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JNC Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -372,284 to -624,702, a change of -252,418.
- Net loss of 291,280 reduced equity.
- New share issuances of 132,591 increased equity.
- Other comprehensive income increased equity by 730.
- Other factors decreased equity by 94,459.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-291.28K | -46.63% |
| Share Issuances | $132.59K | +21.22% |
| Other Comprehensive Income | $730.00 | +0.12% |
| Other Changes | $-94.46K | -15.12% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares JNC Resources 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 |
|---|---|---|---|
| 2019-12-31 | $0.08 | $0.01 | x |
| 2020-12-31 | $0.07 | $0.01 | x |
| 2021-12-31 | $0.53 | $0.01 | x |
| 2022-12-31 | $0.08 | $0.01 | x |
| 2023-12-31 | $-0.03 | $0.01 | x |
| 2024-12-31 | $-0.02 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JNC Resources 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 (-174.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -164.22% | 0.00% | 0.00x | 1.38x | $-236.58K |
| 2020 | -142.42% | 0.00% | 0.00x | 1.10x | $-295.59K |
| 2021 | -384.15% | 0.00% | 0.00x | 1.12x | $-9.32 Million |
| 2022 | -358.46% | 0.00% | 0.00x | 1.21x | $-2.24 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-5.00 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-228.81K |
Industry Comparison
This section compares JNC Resources Inc'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 |
|---|---|---|---|---|
| JNC Resources Inc (JNCCF) | $-693.90K | -164.22% | N/A | $252.75K |
| 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 |