Renforth Resources Inc
Renforth Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel, cobalt, platinum, palladium, copper, zinc, silver, and gold. It focuses on Malartic Metals Package. The company also owns 100% interest in the Parbec Gold Property located in Quebec; and holds 100% interest in the Nixon Bartleman Property consisting of… Read more
Renforth Resources Inc (RFHRF) - Net Assets
Latest net assets as of September 2025: $-681.13K USD
Based on the latest financial reports, Renforth Resources Inc (RFHRF) has net assets worth $-681.13K USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($66.58K) and total liabilities ($747.71K). 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 | $-681.13K |
| % of Total Assets | -1022.97% |
| Annual Growth Rate | N/A |
| 5-Year Change | -104.35% |
| 10-Year Change | -119.63% |
| Growth Volatility | 172.5 |
Renforth Resources Inc - Net Assets Trend (2008–2024)
This chart illustrates how Renforth 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 Renforth Resources Inc (2008–2024)
The table below shows the annual net assets of Renforth Resources Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-456.54K | -689.53% |
| 2023-12-31 | $77.44K | -95.94% |
| 2022-12-31 | $1.91 Million | -51.05% |
| 2021-12-31 | $3.90 Million | -62.89% |
| 2020-12-31 | $10.50 Million | +35.31% |
| 2019-12-31 | $7.76 Million | +24.26% |
| 2018-12-31 | $6.24 Million | +42.20% |
| 2017-12-31 | $4.39 Million | +78.11% |
| 2016-12-31 | $2.46 Million | +5.98% |
| 2015-12-31 | $2.33 Million | +42.03% |
| 2014-12-31 | $1.64 Million | +27.60% |
| 2013-12-31 | $1.28 Million | -9.29% |
| 2012-12-31 | $1.41 Million | -75.78% |
| 2011-12-31 | $5.84 Million | -5.81% |
| 2010-12-31 | $6.20 Million | +8.77% |
| 2009-12-31 | $5.70 Million | -4.71% |
| 2008-12-31 | $5.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Renforth 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 2518858000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $23.03 Million | % |
| Other Comprehensive Income | $170.41K | % |
| Other Components | $5.18 Million | % |
| Total Equity | $-456.54K | 100.00% |
Renforth Resources Inc Competitors by Market Cap
The table below lists competitors of Renforth Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aspen Group Inc
OTCQB:ASPU
|
$3.75 Million |
|
The Oncology Institute Inc
NASDAQ:TOIIW
|
$3.75 Million |
|
Palram
TA:PLRM
|
$3.75 Million |
|
PT Carsurin Tbk
JK:CRSN
|
$3.75 Million |
|
Dune Acquisition Corporation II Warrants
NASDAQ:IPODW
|
$3.75 Million |
|
Herbal Dispatch Inc.
F:HA9
|
$3.75 Million |
|
Hypha Labs, Inc.
PINK:FUNI
|
$3.75 Million |
|
CA Sales Holdings Ltd.
JSE:CAA
|
$3.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Renforth Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 77,442 to -456,543, a change of -533,985 (-689.5%).
- Net loss of 835,000 reduced equity.
- New share issuances of 508,000 increased equity.
- Other comprehensive income decreased equity by 115,652.
- Other factors decreased equity by 91,333.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-835.00K | -182.9% |
| Share Issuances | $508.00K | +111.27% |
| Other Comprehensive Income | $-115.65K | -25.33% |
| Other Changes | $-91.33K | -20.01% |
| Total Change | $- | -689.53% |
Book Value vs Market Value Analysis
This analysis compares Renforth 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 |
|---|---|---|---|
| 2008-12-31 | $0.57 | $0.01 | x |
| 2009-12-31 | $0.52 | $0.01 | x |
| 2010-12-31 | $0.46 | $0.01 | x |
| 2011-12-31 | $0.31 | $0.01 | x |
| 2012-12-31 | $0.07 | $0.01 | x |
| 2013-12-31 | $0.04 | $0.01 | x |
| 2014-12-31 | $0.04 | $0.01 | x |
| 2015-12-31 | $0.04 | $0.01 | x |
| 2016-12-31 | $0.03 | $0.01 | x |
| 2017-12-31 | $0.05 | $0.01 | x |
| 2018-12-31 | $0.04 | $0.01 | x |
| 2019-12-31 | $0.04 | $0.01 | x |
| 2020-12-31 | $0.02 | $0.01 | x |
| 2021-12-31 | $0.01 | $0.01 | x |
| 2022-12-31 | $0.01 | $0.01 | x |
| 2023-12-31 | $0.00 | $0.01 | x |
| 2024-12-31 | $0.00 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Renforth 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 (-206.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -9.64% | 0.00% | 0.00x | 1.14x | $-1.18 Million |
| 2009 | -13.74% | 0.00% | 0.00x | 1.11x | $-1.35 Million |
| 2010 | -11.16% | 0.00% | 0.00x | 1.15x | $-1.31 Million |
| 2011 | -14.43% | 0.00% | 0.00x | 1.11x | $-1.43 Million |
| 2012 | -334.43% | 0.00% | 0.00x | 1.12x | $-4.87 Million |
| 2013 | -44.34% | 0.00% | 0.00x | 1.35x | $-697.32K |
| 2014 | -8.79% | 0.00% | 0.00x | 1.22x | $-307.74K |
| 2015 | -0.12% | 0.00% | 0.00x | 1.10x | $-235.39K |
| 2016 | -10.47% | 0.00% | 0.00x | 1.14x | $-504.46K |
| 2017 | -7.71% | 0.00% | 0.00x | 1.15x | $-799.26K |
| 2018 | -3.64% | 0.00% | 0.00x | 1.03x | $-851.29K |
| 2019 | -6.18% | 0.00% | 0.00x | 1.07x | $-1.26 Million |
| 2020 | -4.40% | 0.00% | 0.00x | 2.59x | $-711.37K |
| 2021 | -87.81% | 0.00% | 0.00x | 1.19x | $-3.81 Million |
| 2022 | -192.07% | 0.00% | 0.00x | 1.40x | $-3.85 Million |
| 2023 | -2760.78% | 0.00% | 0.00x | 8.53x | $-2.15 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-789.35K |
Industry Comparison
This section compares Renforth 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 |
|---|---|---|---|---|
| Renforth Resources Inc (RFHRF) | $-681.13K | -9.64% | N/A | $3.75 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 |