Kainantu Resources Ltd.
South Pacific Metals Corp. operates as a gold mining company in Papua New Guinea. It explores for copper, gold, and silver metals. The company's property portfolio includes the May River and the Kili Teke projects, as well as the KRL North and South projects located in the Kainantu region, Papua New Guinea. The company was formerly known as Kainantu Resources Ltd. and changed its name to South Pa… Read more
Kainantu Resources Ltd. (KRLCF) - Net Assets
Latest net assets as of September 2025: $18.96 Million USD
Based on the latest financial reports, Kainantu Resources Ltd. (KRLCF) has net assets worth $18.96 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.03 Million) and total liabilities ($1.06 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 | $18.96 Million |
| % of Total Assets | 94.69% |
| Annual Growth Rate | 122.22% |
| 5-Year Change | 11972.04% |
| 10-Year Change | N/A |
| Growth Volatility | 2165.65 |
Kainantu Resources Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Kainantu 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 Kainantu Resources Ltd. (2019–2024)
The table below shows the annual net assets of Kainantu Resources Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.04 Million | +35.25% |
| 2023-12-31 | $8.16 Million | +18.34% |
| 2022-12-31 | $6.90 Million | +36.59% |
| 2021-12-31 | $5.05 Million | +5422.25% |
| 2020-12-31 | $91.45K | -55.04% |
| 2019-12-31 | $203.40K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kainantu 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 648025900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $17.61 Million | 159.53% |
| Total Equity | $11.04 Million | 100.00% |
Kainantu Resources Ltd. Competitors by Market Cap
The table below lists competitors of Kainantu Resources Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tingsvalvet Fastighets AB
ST:TINGS-A
|
$9.29 Million |
|
Euro Kapital Yatirim Ortakligi AS
IS:EUKYO
|
$9.29 Million |
|
Rubberex Corporation M Bhd
KLSE:7803
|
$9.30 Million |
|
Megastar Foods Limited
NSE:MEGASTAR
|
$9.30 Million |
|
SWISS LIFE HLDG N
MU:SLW
|
$9.29 Million |
|
FiscalNote Holdings Inc.
NYSE:NOTE
|
$9.28 Million |
|
Tractial S.A.
PA:ALTRA
|
$9.28 Million |
|
MedMira Inc
PINK:MMIRF
|
$9.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kainantu Resources Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,178,938 to 11,040,000, a change of 2,861,062 (35.0%).
- Net loss of 1,472,000 reduced equity.
- New share issuances of 2,378,000 increased equity.
- Other comprehensive income decreased equity by 1,803,000.
- Other factors increased equity by 3,758,062.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.47 Million | -13.33% |
| Share Issuances | $2.38 Million | +21.54% |
| Other Comprehensive Income | $-1.80 Million | -16.33% |
| Other Changes | $3.76 Million | +34.04% |
| Total Change | $- | 34.98% |
Book Value vs Market Value Analysis
This analysis compares Kainantu 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: 1.05x
- 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 0.51x to 1.05x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.59 | $0.30 | x |
| 2020-12-31 | $0.23 | $0.30 | x |
| 2021-12-31 | $1.12 | $0.30 | x |
| 2022-12-31 | $1.10 | $0.30 | x |
| 2023-12-31 | $0.83 | $0.30 | x |
| 2024-12-31 | $0.29 | $0.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kainantu 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): -13.33%
- 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: 1.01x
- Recent ROE (-13.33%) is above the historical average (-62.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -36.10% | 0.00% | 0.00x | 1.00x | $-93.77K |
| 2020 | -252.59% | 0.00% | 0.00x | 1.39x | $-240.15K |
| 2021 | -32.18% | 0.00% | 0.00x | 1.09x | $-2.13 Million |
| 2022 | -20.68% | 0.00% | 0.00x | 1.10x | $-2.12 Million |
| 2023 | -20.01% | 0.00% | 0.00x | 1.39x | $-2.45 Million |
| 2024 | -13.33% | 0.00% | 0.00x | 1.01x | $-2.58 Million |
Industry Comparison
This section compares Kainantu Resources Ltd.'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 |
|---|---|---|---|---|
| Kainantu Resources Ltd. (KRLCF) | $18.96 Million | -36.10% | 0.06x | $9.29 Million |
| 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 |