King's Bay Resources Corp
Lion Rock Resources Inc. engages in acquiring, exploring, developing, and evaluating mineral resource properties in Canada. The company explores for lithium, tantalum, and tin minerals. It holds 100% interest in the Maybrun property, a gold-copper project located in southeast of Kenora, Ontario. The company holds 100% interest in the Revell Property comprising of 112 claims covering 2,350 hectare… Read more
King's Bay Resources Corp (KBGCF) - Net Assets
Latest net assets as of December 2024: $-1.77 Million USD
Based on the latest financial reports, King's Bay Resources Corp (KBGCF) has net assets worth $-1.77 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($901.35K) and total liabilities ($2.67 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 | $-1.77 Million |
| % of Total Assets | -195.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 158.28 |
King's Bay Resources Corp - Net Assets Trend (2001–2024)
This chart illustrates how King's Bay Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for King's Bay Resources Corp (2001–2024)
The table below shows the annual net assets of King's Bay Resources Corp from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-1.77 Million | -143.19% |
| 2023-12-31 | $-726.04K | -183.05% |
| 2022-12-31 | $874.22K | +597.08% |
| 2021-12-31 | $125.41K | +120.38% |
| 2020-12-31 | $-615.34K | -90.54% |
| 2019-12-31 | $-322.95K | -204.19% |
| 2018-12-31 | $309.97K | -32.31% |
| 2017-12-31 | $457.90K | -19.09% |
| 2016-12-31 | $565.95K | +230.56% |
| 2015-12-31 | $-433.48K | -133.91% |
| 2014-12-31 | $1.28 Million | -15.33% |
| 2013-12-31 | $1.51 Million | -39.37% |
| 2012-12-31 | $2.49 Million | -16.02% |
| 2011-12-31 | $2.97 Million | -0.50% |
| 2010-12-31 | $2.98 Million | -29.02% |
| 2009-12-31 | $4.20 Million | -17.98% |
| 2008-12-31 | $5.12 Million | +1.41% |
| 2007-12-31 | $5.05 Million | +30.70% |
| 2006-12-31 | $3.86 Million | +41.69% |
| 2005-12-31 | $2.73 Million | -18.70% |
| 2004-12-31 | $3.35 Million | +45.36% |
| 2003-12-31 | $2.31 Million | +67.90% |
| 2002-12-31 | $1.37 Million | +118.44% |
| 2001-12-31 | $628.85K | -- |
Equity Component Analysis
This analysis shows how different components contribute to King's Bay Resources Corp'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 2598984500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $24.47 Million | % |
| Other Comprehensive Income | $38.94K | % |
| Other Components | $185.00K | % |
| Total Equity | $-1.77 Million | 100.00% |
King's Bay Resources Corp Competitors by Market Cap
The table below lists competitors of King's Bay Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kumbi Corporation
KO:008870
|
$5.65 Million |
|
Andira Agro Tbk PT
JK:ANDI
|
$5.66 Million |
|
Alara Resources Ltd
AU:AUQ
|
$5.66 Million |
|
Solusi Bangun Indonesia Tbk PT
JK:SMCB
|
$5.66 Million |
|
BetterLife Pharma Inc
OTCQB:BETRF
|
$5.65 Million |
|
Plata Latina Minerals Corporation
PINK:PLLMF
|
$5.65 Million |
|
Sahakol Equipment Public Company Limited
BK:SQ
|
$5.65 Million |
|
Green Circle Decarbonize Technology Limited
NYSE MKT:GCDT
|
$5.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King's Bay Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -726,045 to -1,765,697, a change of -1,039,652.
- Net loss of 2,217,152 reduced equity.
- New share issuances of 1,000,000 increased equity.
- Other comprehensive income increased equity by 38,936.
- Other factors increased equity by 138,564.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.22 Million | -125.57% |
| Share Issuances | $1.00 Million | +56.63% |
| Other Comprehensive Income | $38.94K | +2.21% |
| Other Changes | $138.56K | +7.85% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares King's Bay Resources Corp'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 |
|---|---|---|---|
| 2001-12-31 | $20.79 | $0.19 | x |
| 2002-12-31 | $30.41 | $0.19 | x |
| 2003-12-31 | $39.74 | $0.19 | x |
| 2004-12-31 | $44.76 | $0.19 | x |
| 2005-12-31 | $31.93 | $0.19 | x |
| 2006-12-31 | $32.40 | $0.19 | x |
| 2007-12-31 | $37.21 | $0.19 | x |
| 2008-12-31 | $31.40 | $0.19 | x |
| 2009-12-31 | $21.99 | $0.19 | x |
| 2010-12-31 | $10.04 | $0.19 | x |
| 2011-12-31 | $8.44 | $0.19 | x |
| 2012-12-31 | $6.39 | $0.19 | x |
| 2013-12-31 | $3.83 | $0.19 | x |
| 2014-12-31 | $3.23 | $0.19 | x |
| 2015-12-31 | $-1.09 | $0.19 | x |
| 2016-12-31 | $0.64 | $0.19 | x |
| 2017-12-31 | $0.26 | $0.19 | x |
| 2018-12-31 | $0.13 | $0.19 | x |
| 2019-12-31 | $-0.12 | $0.19 | x |
| 2020-12-31 | $-0.22 | $0.19 | x |
| 2021-12-31 | $0.01 | $0.19 | x |
| 2022-12-31 | $0.06 | $0.19 | x |
| 2023-12-31 | $-0.03 | $0.19 | x |
| 2024-12-31 | $-0.04 | $0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King's Bay Resources Corp 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 (-58.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -37.35% | 0.00% | 0.00x | 1.06x | $-297.77K |
| 2002 | -45.91% | 0.00% | 0.00x | 1.00x | $-768.07K |
| 2003 | -25.25% | 0.00% | 0.00x | 1.02x | $-812.92K |
| 2004 | -27.28% | 0.00% | 0.00x | 1.17x | $-1.25 Million |
| 2005 | -48.03% | 0.00% | 0.00x | 1.05x | $-1.58 Million |
| 2006 | -54.02% | 0.00% | 0.00x | 1.03x | $-2.47 Million |
| 2007 | -11.45% | 0.00% | 0.00x | 1.12x | $-1.08 Million |
| 2008 | -16.57% | 0.00% | 0.00x | 1.18x | $-1.36 Million |
| 2009 | -53.64% | 0.00% | 0.00x | 1.13x | $-2.67 Million |
| 2010 | -74.25% | 0.00% | 0.00x | 1.21x | $-2.51 Million |
| 2011 | -18.43% | 0.00% | 0.00x | 1.16x | $-842.92K |
| 2012 | -19.95% | 0.00% | 0.00x | 1.24x | $-745.73K |
| 2013 | -66.91% | 0.00% | 0.00x | 1.62x | $-1.16 Million |
| 2014 | -18.10% | 0.00% | 0.00x | 1.83x | $-359.22K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.31 Million |
| 2016 | -87.06% | 0.00% | 0.00x | 1.07x | $-549.29K |
| 2017 | -212.37% | 0.00% | 0.00x | 1.30x | $-1.02 Million |
| 2018 | -302.71% | 0.00% | 0.00x | 1.08x | $-969.30K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-744.32K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-275.47K |
| 2021 | -254.36% | 0.00% | 0.00x | 1.33x | $-331.54K |
| 2022 | -40.26% | 0.00% | 0.00x | 2.83x | $-439.41K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.96 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-2.04 Million |
Industry Comparison
This section compares King's Bay Resources Corp'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 |
|---|---|---|---|---|
| King's Bay Resources Corp (KBGCF) | $-1.77 Million | -37.35% | N/A | $5.65 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 |