Onyx Gold Corp.
Onyx Gold Corp. engages in gold exploration activities in Canada. It holds interest in the Munro-Croesus Gold project, Golden Mile, Timmins South, and Yukon properties located in Timmins, Ontario; and the Selwyn Basin in the eastern Yukon. Onyx Gold Corp. was incorporated in 2023 and is based in Vancouver, Canada.
Onyx Gold Corp. (ONXGF) - Net Assets
Latest net assets as of September 2025: $38.79 Million USD
Based on the latest financial reports, Onyx Gold Corp. (ONXGF) has net assets worth $38.79 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 ($41.75 Million) and total liabilities ($2.96 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 | $38.79 Million |
| % of Total Assets | 92.92% |
| Annual Growth Rate | 486884.69% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1207306400.32 |
Onyx Gold Corp. - Net Assets Trend (2023–2025)
This chart illustrates how Onyx Gold 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 Onyx Gold Corp. (2023–2025)
The table below shows the annual net assets of Onyx Gold Corp. from 2023 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $23.99 Million | -0.64% |
| 2024-03-31 | $24.15 Million | +2414612800.00% |
| 2023-03-31 | $1.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Onyx Gold 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 237032500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $26.36 Million | 109.88% |
| Total Equity | $23.99 Million | 100.00% |
Onyx Gold Corp. Competitors by Market Cap
The table below lists competitors of Onyx Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flanigans Enterprises Inc
NYSE MKT:BDL
|
$18.25 Million |
|
Ekiz Kimya Sanayi ve Ticaret AS
IS:EKIZ
|
$18.26 Million |
|
Mospec Semiconductor Corp
TW:2434
|
$18.26 Million |
|
Rank Progress S.A.
WAR:RNK
|
$18.26 Million |
|
ENGILITY HLDGS
F:EH2
|
$18.24 Million |
|
Ji Yao Holding Group Co Ltd
SHE:300108
|
$18.23 Million |
|
Vinyl Chemicals (India) Limited
NSE:VINYLINDIA
|
$18.23 Million |
|
Talphera Inc.
NASDAQ:TLPH
|
$18.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Onyx Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 24,146,129 to 23,992,668, a change of -153,461 (-0.6%).
- Net loss of 1,431,168 reduced equity.
- New share issuances of 8,494 increased equity.
- Other factors increased equity by 1,269,213.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.43 Million | -5.97% |
| Share Issuances | $8.49K | +0.04% |
| Other Changes | $1.27 Million | +5.29% |
| Total Change | $- | -0.64% |
Book Value vs Market Value Analysis
This analysis compares Onyx Gold 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
- Current price-to-book ratio: 0.46x
- 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 decreased from 9127619.40x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-03-31 | $0.00 | $0.22 | x |
| 2024-03-31 | $0.51 | $0.22 | x |
| 2025-03-31 | $0.48 | $0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Onyx Gold 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): -5.97%
- 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 (-5.97%) is below the historical average (-4.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2024 | -3.89% | 0.00% | 0.00x | 1.08x | $-3.35 Million |
| 2025 | -5.97% | 0.00% | 0.00x | 1.06x | $-3.83 Million |
Industry Comparison
This section compares Onyx Gold Corp.'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 |
|---|---|---|---|---|
| Onyx Gold Corp. (ONXGF) | $38.79 Million | -3.89% | 0.08x | $18.25 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 |