Globex Mining Enterprises Inc. (GMX) - Net Assets
Based on the latest financial reports, Globex Mining Enterprises Inc. (GMX) has net assets worth CA$38.78 Million CAD (≈ $28.05 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 (CA$38.91 Million ≈ $28.15 Million USD) and total liabilities (CA$132.21K ≈ $95.64K 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 tangible net worth ratio of Globex Mining Enterprises Inc. to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$38.78 Million |
| % of Total Assets | 99.66% |
| Annual Growth Rate | 8.89% |
| 5-Year Change | 209.29% |
| 10-Year Change | 123.65% |
| Growth Volatility | 167.87 |
Globex Mining Enterprises Inc. - Net Assets Trend (1996–2024)
This chart illustrates how Globex Mining Enterprises Inc.'s net assets have evolved over time, based on quarterly financial data. See Globex Mining Enterprises Inc. defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Globex Mining Enterprises Inc. (1996–2024)
The table below shows the annual net assets of Globex Mining Enterprises Inc. from 1996 to 2024. For live valuation and market cap data, see market value of Globex Mining Enterprises Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$33.67 Million ≈ $24.36 Million |
+4.40% |
| 2023-12-31 | CA$32.25 Million ≈ $23.33 Million |
+3.89% |
| 2022-12-31 | CA$31.05 Million ≈ $22.46 Million |
-11.04% |
| 2021-12-31 | CA$34.90 Million ≈ $25.25 Million |
+220.58% |
| 2020-12-31 | CA$10.89 Million ≈ $7.87 Million |
+135.23% |
| 2019-12-31 | CA$4.63 Million ≈ $3.35 Million |
+1.64% |
| 2018-12-31 | CA$4.55 Million ≈ $3.29 Million |
+8.13% |
| 2017-12-31 | CA$4.21 Million ≈ $3.05 Million |
-74.34% |
| 2016-12-31 | CA$16.41 Million ≈ $11.87 Million |
+9.01% |
| 2015-12-31 | CA$15.05 Million ≈ $10.89 Million |
-9.52% |
| 2014-12-31 | CA$16.64 Million ≈ $12.04 Million |
-14.54% |
| 2013-12-31 | CA$19.47 Million ≈ $14.08 Million |
+10.25% |
| 2012-12-31 | CA$17.66 Million ≈ $12.77 Million |
+5.58% |
| 2011-12-31 | CA$16.73 Million ≈ $12.10 Million |
+22.93% |
| 2010-12-31 | CA$13.61 Million ≈ $9.84 Million |
+12.66% |
| 2009-12-31 | CA$12.08 Million ≈ $8.74 Million |
-0.58% |
| 2008-12-31 | CA$12.15 Million ≈ $8.79 Million |
-17.03% |
| 2007-12-31 | CA$14.64 Million ≈ $10.59 Million |
+83.92% |
| 2006-12-31 | CA$7.96 Million ≈ $5.76 Million |
+115.74% |
| 2005-12-31 | CA$3.69 Million ≈ $2.67 Million |
+116.39% |
| 2004-12-31 | CA$1.71 Million ≈ $1.23 Million |
+8.68% |
| 2003-12-31 | CA$1.57 Million ≈ $1.14 Million |
-18.01% |
| 2002-12-31 | CA$1.91 Million ≈ $1.38 Million |
-11.42% |
| 2001-12-31 | CA$2.16 Million ≈ $1.56 Million |
+9.25% |
| 2000-12-31 | CA$1.98 Million ≈ $1.43 Million |
+16.34% |
| 1999-12-31 | CA$1.70 Million ≈ $1.23 Million |
-37.04% |
| 1998-12-31 | CA$2.70 Million ≈ $1.95 Million |
-90.91% |
| 1997-12-31 | CA$29.70 Million ≈ $21.48 Million |
+858.06% |
| 1996-12-31 | CA$3.10 Million ≈ $2.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Globex Mining Enterprises 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 2318622800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$56.45 Million | 167.66% |
| Other Components | CA$4.91 Million | 14.57% |
| Total Equity | CA$33.67 Million | 100.00% |
Globex Mining Enterprises Inc. Competitors by Market Cap
The table below lists competitors of Globex Mining Enterprises Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rimbunan Sawit Bhd
KLSE:5113
|
$82.02 Million |
|
Nurol Gayrimenkul Yatirim Ortakligi AS
IS:NUGYO
|
$82.02 Million |
|
The9 Ltd ADR
NASDAQ:NCTY
|
$82.02 Million |
|
Canagold Resources Ltd
TO:CCM
|
$82.03 Million |
|
KMH Co. Ltd
KQ:122450
|
$81.97 Million |
|
Trans Power Marine Tbk
JK:TPMA
|
$81.95 Million |
|
HANSARD GLOBAL PLC LS-50
F:H9G
|
$81.93 Million |
|
Pieridae Energy Ltd
TO:PEA
|
$81.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globex Mining Enterprises Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,252,297 to 33,669,845, a change of 1,417,548 (4.4%).
- Net income of 1,325,000 contributed positively to equity growth.
- Share repurchases of 313,743 reduced equity.
- Other factors increased equity by 406,291.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.32 Million | +3.94% |
| Share Repurchases | CA$313.74K | -0.93% |
| Other Changes | CA$406.29K | +1.21% |
| Total Change | CA$- | 4.40% |
Book Value vs Market Value Analysis
This analysis compares Globex Mining Enterprises 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
- Current price-to-book ratio: 3.37x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.68x to 3.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CA$0.55 | CA$2.01 | x |
| 1997-12-31 | CA$3.43 | CA$2.01 | x |
| 1998-12-31 | CA$0.23 | CA$2.01 | x |
| 1999-12-31 | CA$0.16 | CA$2.01 | x |
| 2000-12-31 | CA$0.17 | CA$2.01 | x |
| 2001-12-31 | CA$0.17 | CA$2.01 | x |
| 2002-12-31 | CA$0.15 | CA$2.01 | x |
| 2003-12-31 | CA$0.12 | CA$2.01 | x |
| 2004-12-31 | CA$0.13 | CA$2.01 | x |
| 2005-12-31 | CA$0.26 | CA$2.01 | x |
| 2006-12-31 | CA$0.48 | CA$2.01 | x |
| 2007-12-31 | CA$0.81 | CA$2.01 | x |
| 2008-12-31 | CA$0.67 | CA$2.01 | x |
| 2009-12-31 | CA$0.64 | CA$2.01 | x |
| 2010-12-31 | CA$0.68 | CA$2.01 | x |
| 2011-12-31 | CA$0.72 | CA$2.01 | x |
| 2012-12-31 | CA$0.73 | CA$2.01 | x |
| 2013-12-31 | CA$0.67 | CA$2.01 | x |
| 2014-12-31 | CA$0.43 | CA$2.01 | x |
| 2015-12-31 | CA$0.36 | CA$2.01 | x |
| 2016-12-31 | CA$0.36 | CA$2.01 | x |
| 2017-12-31 | CA$0.08 | CA$2.01 | x |
| 2018-12-31 | CA$0.09 | CA$2.01 | x |
| 2019-12-31 | CA$0.09 | CA$2.01 | x |
| 2020-12-31 | CA$0.20 | CA$2.01 | x |
| 2021-12-31 | CA$0.61 | CA$2.01 | x |
| 2022-12-31 | CA$0.56 | CA$2.01 | x |
| 2023-12-31 | CA$0.57 | CA$2.01 | x |
| 2024-12-31 | CA$0.60 | CA$2.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globex Mining Enterprises Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 89.53%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.03x
- Recent ROE (3.94%) is above the historical average (-33.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 3.23% | 100.00% | 0.03x | 1.03x | CA$-210.00K |
| 1997 | -4.96% | -1300.00% | 0.00x | 1.24x | CA$-3.92 Million |
| 1998 | -877.78% | -23700.00% | 0.03x | 1.07x | CA$-23.97 Million |
| 1999 | -12.50% | -300.00% | 0.04x | 1.00x | CA$-540.00K |
| 2000 | -20.15% | -19930500.00% | 0.00x | 1.15x | CA$-596.39K |
| 2001 | -10.68% | -477.45% | 0.02x | 1.12x | CA$-446.77K |
| 2002 | -15.00% | -120.87% | 0.12x | 1.02x | CA$-478.38K |
| 2003 | -43.85% | -249.22% | 0.17x | 1.03x | CA$-844.91K |
| 2004 | -20.70% | -49.17% | 0.39x | 1.08x | CA$-523.53K |
| 2005 | -6.42% | -28.48% | 0.22x | 1.03x | CA$-606.01K |
| 2006 | 8.32% | 31.44% | 0.26x | 1.02x | CA$-134.02K |
| 2007 | -6.13% | -76.10% | 0.07x | 1.11x | CA$-2.36 Million |
| 2008 | -9.31% | -60.42% | 0.12x | 1.33x | CA$-2.35 Million |
| 2009 | -11.38% | -328.70% | 0.03x | 1.27x | CA$-2.58 Million |
| 2010 | -14.95% | -260.57% | 0.04x | 1.31x | CA$-3.39 Million |
| 2011 | 2.14% | 9.56% | 0.17x | 1.28x | CA$-1.31 Million |
| 2012 | 16.67% | 332.67% | 0.04x | 1.36x | CA$1.18 Million |
| 2013 | -4.34% | -112.64% | 0.03x | 1.26x | CA$-2.79 Million |
| 2014 | -32.11% | -402.56% | 0.07x | 1.14x | CA$-7.01 Million |
| 2015 | -16.06% | -208.36% | 0.07x | 1.14x | CA$-3.92 Million |
| 2016 | -4.34% | -41.86% | 0.09x | 1.14x | CA$-2.35 Million |
| 2017 | 17.93% | 19.05% | 0.73x | 1.30x | CA$333.78K |
| 2018 | -2.10% | -3.14% | 0.52x | 1.29x | CA$-550.97K |
| 2019 | -22.60% | -45.64% | 0.40x | 1.25x | CA$-1.51 Million |
| 2020 | 54.79% | 80.62% | 0.61x | 1.11x | CA$4.88 Million |
| 2021 | 67.95% | 67.23% | 0.94x | 1.07x | CA$20.22 Million |
| 2022 | -13.32% | -206.70% | 0.06x | 1.01x | CA$-7.24 Million |
| 2023 | 4.26% | 33.26% | 0.13x | 1.01x | CA$-1.85 Million |
| 2024 | 3.94% | 89.53% | 0.04x | 1.03x | CA$-2.04 Million |
Industry Comparison
This section compares Globex Mining Enterprises Inc.'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: $26,192,690
- Average return on equity (ROE) among peers: -63.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globex Mining Enterprises Inc. (GMX) | CA$38.78 Million | 3.23% | 0.00x | $81.99 Million |
| Aftermath Silver Ltd (AAG) | $26.16 Million | -23.42% | 0.41x | $192.76 Million |
| Aton Resources Inc (AAN) | $-2.31 Million | 0.00% | 0.00x | $40.57 Million |
| Arbor Metals Corp (ABR) | $10.98 Million | -14.09% | 0.06x | $9.21 Million |
| Asiabasemetals Inc (ABZ) | $262.22K | -168.47% | 0.12x | $2.91 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $67.72 Million |
| Alphamin Res (AFM) | $663.99K | -85.41% | 0.22x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $143.14 Million |
| Amarc Resources Ltd. (AHR) | $763.11K | -243.05% | 0.34x | $164.63 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $167.02 Million | -0.80% | 0.03x | $430.78 Million |
About Globex Mining Enterprises Inc.
Globex Mining Enterprises Inc. engages in the acquisition, exploration, and development of mineral properties in North America. The company has a mineral portfolio of approximately 256 early to mid-stage exploration, development, and royalty properties containing base metals, including copper, nickel, zinc, and lead; and precious metals, such as gold, silver, platinum, and palladium. It also expl… Read more