Mineralrite Corporat
As of April 7, 2021, MineralRite Corporation was acquired by Southern Cars & Trucks, Inc. MineralRite Corporation, a development stage company, operates in the mineral and mining industry. It focuses on the manufacture, sale, and lease of mining and mineral processing equipment; purchase and development of minerals and mineral backed assets; management of mineral offtake activities; and purchase … Read more
Mineralrite Corporat (RITE) - Net Assets
Latest net assets as of September 2025: $432.29 Million USD
Based on the latest financial reports, Mineralrite Corporat (RITE) has net assets worth $432.29 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 ($432.30 Million) and total liabilities ($3.00K). 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 | $432.29 Million |
| % of Total Assets | 100.0% |
| Annual Growth Rate | 30.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 259.69 |
Mineralrite Corporat - Net Assets Trend (2003–2024)
This chart illustrates how Mineralrite Corporat's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mineralrite Corporat (2003–2024)
The table below shows the annual net assets of Mineralrite Corporat from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $427.08 Million | +47067.74% |
| 2023-12-31 | $-909.31K | -219.65% |
| 2013-12-31 | $759.95K | +380.16% |
| 2012-12-31 | $158.27K | +144.71% |
| 2011-12-31 | $-353.96K | -54.03% |
| 2010-12-31 | $-229.80K | +33.58% |
| 2009-12-31 | $-345.99K | +0.76% |
| 2008-12-31 | $-348.65K | +39.33% |
| 2007-12-31 | $-574.69K | -25.69% |
| 2006-12-31 | $-457.24K | -145.40% |
| 2005-12-31 | $-186.32K | -253.23% |
| 2004-12-31 | $-52.75K | -103.14% |
| 2003-12-31 | $1.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mineralrite Corporat'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 447030200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $3.89 Million | 0.91% |
| Other Components | $427.66 Million | 100.14% |
| Total Equity | $427.08 Million | 100.00% |
Mineralrite Corporat Competitors by Market Cap
The table below lists competitors of Mineralrite Corporat ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greenland Acquisition Corp
NASDAQ:GTEC
|
$8.24 Million |
|
Orange Electronic Co., Ltd.
TWO:4554
|
$8.24 Million |
|
JOSAPAR Joaquim Oliveira S.A. Participações
SA:JOPA3
|
$8.24 Million |
|
A SPAC II Acquisition Corp. Ordinary Shares
NASDAQ:ASCB
|
$8.25 Million |
|
Skandia Greenpower AS
OL:SKAND
|
$8.24 Million |
|
Ashima Limited
NSE:ASHIMASYN
|
$8.23 Million |
|
Ebusco Holding N.V.
F:8J30
|
$8.23 Million |
|
Logistic Properties of the Americas
NYSE MKT:LPA
|
$8.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mineralrite Corporat's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -909,306 to 427,080,466, a change of 427,989,772.
- Net income of 396,762 contributed positively to equity growth.
- Other comprehensive income increased equity by 3,887,636.
- Other factors increased equity by 423,705,374.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $396.76K | +0.09% |
| Other Comprehensive Income | $3.89 Million | +0.91% |
| Other Changes | $423.71 Million | +99.21% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Mineralrite Corporat'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: 0.02x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $3.37 | $0.00 | x |
| 2004-12-31 | $-0.10 | $0.00 | x |
| 2005-12-31 | $-0.36 | $0.00 | x |
| 2006-12-31 | $-0.66 | $0.00 | x |
| 2007-12-31 | $-0.76 | $0.00 | x |
| 2008-12-31 | $-0.40 | $0.00 | x |
| 2009-12-31 | $-0.36 | $0.00 | x |
| 2010-12-31 | $-0.23 | $0.00 | x |
| 2011-12-31 | $-0.34 | $0.00 | x |
| 2012-12-31 | $0.02 | $0.00 | x |
| 2013-12-31 | $0.01 | $0.00 | x |
| 2023-12-31 | $0.00 | $0.00 | x |
| 2024-12-31 | $0.10 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mineralrite Corporat 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): 0.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7935.24%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (0.09%) is above the historical average (-61.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -49.10% | -1195.65% | 0.04x | 1.10x | $-993.04K |
| 2004 | 0.00% | -5277.93% | 0.13x | 0.00x | $-1.78 Million |
| 2005 | 0.00% | 0.00% | 0.00x | 0.00x | $-150.43K |
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | $-353.28K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-357.53K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.18 Million |
| 2009 | 0.00% | -709.28% | 0.15x | 0.00x | $-307.74K |
| 2010 | 0.00% | -56.40% | 0.71x | 0.00x | $-230.02K |
| 2011 | 0.00% | -64.59% | 0.87x | 0.00x | $-303.60K |
| 2012 | -286.85% | -126.84% | 0.46x | 4.92x | $-469.83K |
| 2013 | -464.50% | -888.72% | 0.18x | 2.94x | $-3.61 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $14.14K |
| 2024 | 0.09% | 7935.24% | 0.00x | 1.01x | $-42.31 Million |
Industry Comparison
This section compares Mineralrite Corporat's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $9,705,177,506
- Average return on equity (ROE) among peers: -74.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mineralrite Corporat (RITE) | $432.29 Million | -49.10% | 0.00x | $8.24 Million |
| AbraSilver Resource Corp (ABBRF) | $3.05 Million | -108.70% | 0.31x | $280.10 Million |
| American Copper Development Corporation (ACDXF) | $-331.64K | 0.00% | 0.00x | $1.96 Million |
| American Creek Resources Ltd (ACKRF) | $2.36 Million | -67.11% | 0.29x | $23.79 Million |
| American Clean Resources Group Inc. (ACRG) | $23.29 Million | -69.73% | 0.66x | $9.52 Million |
| Adyton Resources Corporation (ADYRF) | $14.98 Million | 5.60% | 0.05x | $26.44 Million |
| Austral Gold Limited (AGLDF) | $542.56K | -504.60% | 1.47x | $4.83 Million |
| Anglo American Platinum Limited (AGPPF) | $96.96 Billion | 50.69% | 0.82x | $8.40 Billion |
| Athena Gold Corp (AHNR) | $4.96 Million | -13.77% | 0.26x | $779.22K |
| Alaska Energy Metals Corporation (AKEMF) | $26.15 Million | -33.81% | 0.05x | $14.55 Million |
| ALXPF (ALXPF) | $14.77 Million | -5.14% | 0.08x | $24.72 Million |