Eldorado Gold Corp (ELD) - Net Assets
Based on the latest financial reports, Eldorado Gold Corp (ELD) has net assets worth CA$4.09 Billion CAD (≈ $2.96 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.48 Billion ≈ $4.69 Billion USD) and total liabilities (CA$2.39 Billion ≈ $1.73 Billion USD). 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. Check ELD financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.09 Billion |
| % of Total Assets | 63.06% |
| Annual Growth Rate | N/A |
| 5-Year Change | 6.34% |
| 10-Year Change | -0.84% |
| Growth Volatility | 203.02 |
Eldorado Gold Corp - Net Assets Trend (1994–2024)
This chart illustrates how Eldorado Gold Corp's net assets have evolved over time, based on quarterly financial data. Also explore ELD asset base for the complete picture of this company's asset base.
Annual Net Assets for Eldorado Gold Corp (1994–2024)
The table below shows the annual net assets of Eldorado Gold Corp from 1994 to 2024. For live valuation and market cap data, see Eldorado Gold Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$3.89 Billion ≈ $2.81 Billion |
+10.72% |
| 2023-12-31 | CA$3.51 Billion ≈ $2.54 Billion |
+9.72% |
| 2022-12-31 | CA$3.20 Billion ≈ $2.32 Billion |
-12.06% |
| 2021-12-31 | CA$3.64 Billion ≈ $2.63 Billion |
-0.45% |
| 2020-12-31 | CA$3.66 Billion ≈ $2.65 Billion |
+5.26% |
| 2019-12-31 | CA$3.47 Billion ≈ $2.51 Billion |
+3.79% |
| 2018-12-31 | CA$3.35 Billion ≈ $2.42 Billion |
-10.11% |
| 2017-12-31 | CA$3.72 Billion ≈ $2.69 Billion |
+4.26% |
| 2016-12-31 | CA$3.57 Billion ≈ $2.58 Billion |
-8.92% |
| 2015-12-31 | CA$3.92 Billion ≈ $2.84 Billion |
-29.70% |
| 2014-12-31 | CA$5.58 Billion ≈ $4.03 Billion |
+1.51% |
| 2013-12-31 | CA$5.49 Billion ≈ $3.97 Billion |
-11.56% |
| 2012-12-31 | CA$6.21 Billion ≈ $4.49 Billion |
+87.64% |
| 2011-12-31 | CA$3.31 Billion ≈ $2.40 Billion |
+10.26% |
| 2010-12-31 | CA$3.00 Billion ≈ $2.17 Billion |
+12.62% |
| 2009-12-31 | CA$2.67 Billion ≈ $1.93 Billion |
+234.76% |
| 2008-12-31 | CA$796.62 Million ≈ $576.26 Million |
+77.36% |
| 2007-12-31 | CA$449.16 Million ≈ $324.91 Million |
+13.45% |
| 2006-12-31 | CA$395.90 Million ≈ $286.39 Million |
+76.01% |
| 2005-12-31 | CA$224.93 Million ≈ $162.71 Million |
+8.68% |
| 2004-12-31 | CA$206.96 Million ≈ $149.71 Million |
+34.85% |
| 2003-12-31 | CA$153.48 Million ≈ $111.02 Million |
+28.44% |
| 2002-12-31 | CA$119.49 Million ≈ $86.44 Million |
+59.23% |
| 2001-12-31 | CA$75.05 Million ≈ $54.29 Million |
-4.87% |
| 2000-12-31 | CA$78.89 Million ≈ $57.06 Million |
+19.00% |
| 1999-12-31 | CA$66.29 Million ≈ $47.95 Million |
+9.62% |
| 1998-12-31 | CA$60.47 Million ≈ $43.74 Million |
-66.98% |
| 1997-12-31 | CA$183.14 Million ≈ $132.48 Million |
-40.07% |
| 1996-12-31 | CA$305.58 Million ≈ $221.05 Million |
+1093.87% |
| 1995-12-31 | CA$25.60 Million ≈ $18.52 Million |
+212.26% |
| 1994-12-31 | CA$-22.80 Million ≈ $-16.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Eldorado 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 219236300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$3.43 Billion | 88.12% |
| Other Comprehensive Income | CA$56.18 Million | 1.44% |
| Other Components | CA$2.60 Billion | 66.72% |
| Total Equity | CA$3.90 Billion | 100.00% |
Eldorado Gold Corp Competitors by Market Cap
The table below lists competitors of Eldorado Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Renk Group AG
XETRA:R3NK
|
$5.90 Billion |
|
Almonty Industries Inc
AU:AII
|
$5.90 Billion |
|
SHISEIDO CO. ADR
F:SHDA
|
$5.90 Billion |
|
Jiangsu Yoke Technology Co Ltd
SHE:002409
|
$5.90 Billion |
|
Australian Foundation Investment Company Ltd
AU:AFI
|
$5.89 Billion |
|
China Nuclear Engineering Co
SHG:601611
|
$5.88 Billion |
|
Life Time Group Holdings Inc
NYSE:LTH
|
$5.88 Billion |
|
L&K Engineering Suzhou Co Ltd
SHG:603929
|
$5.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Eldorado Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,518,147,000 to 3,896,590,000, a change of 378,443,000 (10.8%).
- Net income of 289,121,000 contributed positively to equity growth.
- Share repurchases of 1,962,000 reduced equity.
- New share issuances of 14,112,000 increased equity.
- Other comprehensive income increased equity by 60,934,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$289.12 Million | +7.42% |
| Share Repurchases | CA$1.96 Million | -0.05% |
| Share Issuances | CA$14.11 Million | +0.36% |
| Other Comprehensive Income | CA$60.93 Million | +1.56% |
| Other Changes | CA$16.24 Million | +0.42% |
| Total Change | CA$- | 10.76% |
Book Value vs Market Value Analysis
This analysis compares Eldorado 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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CA$-8.36 | CA$40.53 | x |
| 1995-12-31 | CA$8.53 | CA$40.53 | x |
| 1996-12-31 | CA$48.62 | CA$40.53 | x |
| 1997-12-31 | CA$12.51 | CA$40.53 | x |
| 1998-12-31 | CA$4.13 | CA$40.53 | x |
| 1999-12-31 | CA$4.51 | CA$40.53 | x |
| 2000-12-31 | CA$2.37 | CA$40.53 | x |
| 2001-12-31 | CA$2.26 | CA$40.53 | x |
| 2002-12-31 | CA$4.05 | CA$40.53 | x |
| 2003-12-31 | CA$3.46 | CA$40.53 | x |
| 2004-12-31 | CA$4.02 | CA$40.53 | x |
| 2005-12-31 | CA$3.96 | CA$40.53 | x |
| 2006-12-31 | CA$5.84 | CA$40.53 | x |
| 2007-12-31 | CA$6.52 | CA$40.53 | x |
| 2008-12-31 | CA$11.11 | CA$40.53 | x |
| 2009-12-31 | CA$33.71 | CA$40.53 | x |
| 2010-12-31 | CA$27.18 | CA$40.53 | x |
| 2011-12-31 | CA$29.50 | CA$40.53 | x |
| 2012-12-31 | CA$42.92 | CA$40.53 | x |
| 2013-12-31 | CA$36.51 | CA$40.53 | x |
| 2014-12-31 | CA$36.80 | CA$40.53 | x |
| 2015-12-31 | CA$26.18 | CA$40.53 | x |
| 2016-12-31 | CA$24.30 | CA$40.53 | x |
| 2017-12-31 | CA$24.18 | CA$40.53 | x |
| 2018-12-31 | CA$20.72 | CA$40.53 | x |
| 2019-12-31 | CA$21.14 | CA$40.53 | x |
| 2020-12-31 | CA$20.63 | CA$40.53 | x |
| 2021-12-31 | CA$19.64 | CA$40.53 | x |
| 2022-12-31 | CA$17.47 | CA$40.53 | x |
| 2023-12-31 | CA$18.01 | CA$40.53 | x |
| 2024-12-31 | CA$18.96 | CA$40.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Eldorado 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): 7.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.84%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.50x
- Recent ROE (7.42%) is above the historical average (-10.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 0.00% | 0.00% | 0.00x | 0.00x | CA$780.00K |
| 1995 | -9.46% | -21.57% | 0.26x | 1.69x | CA$-4.98 Million |
| 1996 | -0.53% | -4.02% | 0.11x | 1.21x | CA$-32.16 Million |
| 1997 | -60.70% | -165.52% | 0.27x | 1.35x | CA$-129.47 Million |
| 1998 | -200.85% | -187.81% | 0.50x | 2.15x | CA$-127.50 Million |
| 1999 | 8.13% | 8.91% | 0.47x | 1.96x | CA$-1.24 Million |
| 2000 | 1.40% | 2.15% | 0.42x | 1.54x | CA$-6.78 Million |
| 2001 | -5.18% | -11.28% | 0.30x | 1.51x | CA$-11.39 Million |
| 2002 | 1.79% | 5.44% | 0.28x | 1.17x | CA$-9.81 Million |
| 2003 | -29.34% | -117.80% | 0.22x | 1.12x | CA$-60.38 Million |
| 2004 | -6.74% | -38.82% | 0.16x | 1.09x | CA$-34.64 Million |
| 2005 | -21.84% | -145.36% | 0.11x | 1.43x | CA$-71.62 Million |
| 2006 | 0.83% | 3.90% | 0.16x | 1.33x | CA$-36.29 Million |
| 2007 | 7.89% | 18.77% | 0.32x | 1.32x | CA$-9.50 Million |
| 2008 | 20.67% | 56.78% | 0.32x | 1.14x | CA$84.47 Million |
| 2009 | 3.88% | 28.39% | 0.10x | 1.30x | CA$-161.66 Million |
| 2010 | 6.94% | 26.05% | 0.21x | 1.27x | CA$-90.66 Million |
| 2011 | 9.79% | 29.00% | 0.28x | 1.22x | CA$-6.81 Million |
| 2012 | 5.15% | 26.60% | 0.14x | 1.34x | CA$-287.62 Million |
| 2013 | -12.51% | -58.13% | 0.16x | 1.39x | CA$-1.18 Billion |
| 2014 | 1.95% | 9.61% | 0.14x | 1.40x | CA$-424.64 Million |
| 2015 | -41.07% | -178.49% | 0.16x | 1.46x | CA$-1.92 Billion |
| 2016 | -9.88% | -79.53% | 0.09x | 1.38x | CA$-692.42 Million |
| 2017 | -0.27% | -2.54% | 0.08x | 1.40x | CA$-374.29 Million |
| 2018 | -11.02% | -78.84% | 0.10x | 1.41x | CA$-690.25 Million |
| 2019 | 2.36% | 13.08% | 0.13x | 1.36x | CA$-260.86 Million |
| 2020 | 3.45% | 12.16% | 0.21x | 1.35x | CA$-236.76 Million |
| 2021 | 0.31% | 1.18% | 0.19x | 1.38x | CA$-345.94 Million |
| 2022 | -1.54% | -5.66% | 0.20x | 1.39x | CA$-369.77 Million |
| 2023 | 2.97% | 10.37% | 0.20x | 1.42x | CA$-247.18 Million |
| 2024 | 7.42% | 21.84% | 0.23x | 1.50x | CA$-100.54 Million |
Industry Comparison
This section compares Eldorado Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $503,278,506
- Average return on equity (ROE) among peers: -30.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Eldorado Gold Corp (ELD) | CA$4.09 Billion | 0.00% | 0.59x | $5.89 Billion |
| Allied Gold Corporation (AAUC) | $381.03 Million | -54.71% | 1.51x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $31.66 Million | 1.13% | 0.45x | $86.06 Million |
| Barrick Gold Corp (ABX) | $3.56 Billion | 6.97% | 0.76x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $211.31 Million | -3.62% | 0.87x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $783.33 Million | -0.27% | 0.12x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $4.69 Million | -71.34% | 0.07x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-3.11 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $15.01 Million | -10.64% | 0.03x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $45.22 Million | -8.90% | 0.05x | $24.82 Million |
About Eldorado Gold Corp
Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Quebec, Canada; Olympias located in north… Read more