TNG Limited
Tivan Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for critical mineral, fluorite, vanadium, titanium, silver, lead, copper, tungsten, and lithium deposits. The company focuses on the 100% owned Speewah fluorite and vanadium projects located in the Kimberley region of north-east Western Australia. … Read more
TNG Limited (TNGZF) - Net Assets
Latest net assets as of June 2025: $38.79 Million USD
Based on the latest financial reports, TNG Limited (TNGZF) has net assets worth $38.79 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($43.74 Million) and total liabilities ($4.96 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 | 88.67% |
| Annual Growth Rate | 4.82% |
| 5-Year Change | -38.7% |
| 10-Year Change | 25.19% |
| Growth Volatility | 60.85 |
TNG Limited - Net Assets Trend (2014–2025)
This chart illustrates how TNG Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TNG Limited (2014–2025)
The table below shows the annual net assets of TNG Limited from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $38.79 Million | +180.43% |
| 2024-06-30 | $13.83 Million | -80.77% |
| 2023-06-30 | $71.92 Million | +1.52% |
| 2022-06-30 | $70.85 Million | +11.96% |
| 2021-06-30 | $63.28 Million | +19.21% |
| 2020-06-30 | $53.08 Million | +3.33% |
| 2019-06-30 | $51.37 Million | +74.29% |
| 2018-06-30 | $29.48 Million | +3.05% |
| 2017-06-30 | $28.60 Million | -7.68% |
| 2016-06-30 | $30.98 Million | +7.30% |
| 2015-06-30 | $28.88 Million | +24.98% |
| 2014-06-30 | $23.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TNG Limited'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 11104100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $172.96 Million | 445.89% |
| Total Equity | $38.79 Million | 100.00% |
TNG Limited Competitors by Market Cap
The table below lists competitors of TNG Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CanAlaska Uranium Ltd
OTCQX:CVVUF
|
$109.79 Million |
|
Ever Fortune.AI Co. Ltd.
TWO:6841
|
$109.81 Million |
|
Neurogene Inc
NASDAQ:NGNE
|
$109.83 Million |
|
Shanghai Sanmao Enterprise Group Co Ltd B
SHG:900922
|
$109.84 Million |
|
Tonnellerie Francois Freres SA
PA:TFF
|
$109.75 Million |
|
Shenzhen Breo Technology Co. Ltd. A
SHG:688793
|
$109.75 Million |
|
Parker Drilling Company
PINK:PKDC
|
$109.74 Million |
|
Advantage Solutions Inc
NASDAQ:ADV
|
$109.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TNG Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,832,000 to 38,789,000, a change of 24,957,000 (180.4%).
- Net loss of 4,907,000 reduced equity.
- Share repurchases of 1,064,000 reduced equity.
- New share issuances of 26,718,000 increased equity.
- Other factors increased equity by 4,210,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.91 Million | -12.65% |
| Share Repurchases | $1.06 Million | -2.74% |
| Share Issuances | $26.72 Million | +68.88% |
| Other Changes | $4.21 Million | +10.85% |
| Total Change | $- | 180.43% |
Book Value vs Market Value Analysis
This analysis compares TNG Limited'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: 3.69x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-06-30 | $0.00 | $0.07 | x |
| 2017-06-30 | $0.03 | $0.07 | x |
| 2018-06-30 | $0.03 | $0.07 | x |
| 2019-06-30 | $0.05 | $0.07 | x |
| 2020-06-30 | $0.05 | $0.07 | x |
| 2021-06-30 | $0.05 | $0.07 | x |
| 2022-06-30 | $0.05 | $0.07 | x |
| 2023-06-30 | $0.05 | $0.07 | x |
| 2024-06-30 | $0.01 | $0.07 | x |
| 2025-06-30 | $0.02 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TNG Limited 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): -12.65%
- 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: 1.13x
- Recent ROE (-12.65%) is above the historical average (-51.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -15.88% | -10194.44% | 0.00x | 1.04x | $-5.98 Million |
| 2015 | -17.39% | -7276.81% | 0.00x | 1.04x | $-7.91 Million |
| 2016 | -23.04% | 0.00% | 0.00x | 1.04x | $-10.24 Million |
| 2017 | -15.51% | 0.00% | 0.00x | 1.04x | $-7.30 Million |
| 2018 | -11.29% | -414.57% | 0.03x | 1.05x | $-6.28 Million |
| 2019 | -6.01% | -753.66% | 0.01x | 1.03x | $-8.23 Million |
| 2020 | -5.43% | 0.00% | 0.00x | 1.06x | $-8.19 Million |
| 2021 | -4.59% | 0.00% | 0.00x | 1.04x | $-9.23 Million |
| 2022 | -6.91% | 0.00% | 0.00x | 1.04x | $-11.98 Million |
| 2023 | -9.85% | 0.00% | 0.00x | 1.13x | $-14.27 Million |
| 2024 | -490.42% | 0.00% | 0.00x | 2.00x | $-69.22 Million |
| 2025 | -12.65% | 0.00% | 0.00x | 1.13x | $-8.79 Million |
Industry Comparison
This section compares TNG Limited'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 |
|---|---|---|---|---|
| TNG Limited (TNGZF) | $38.79 Million | -15.88% | 0.13x | $109.76 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 |