Gold Springs Resource Corp (GRC) - Net Assets
Based on the latest financial reports, Gold Springs Resource Corp (GRC) has net assets worth CA$24.09 Million CAD (≈ $17.43 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$27.17 Million ≈ $19.66 Million USD) and total liabilities (CA$3.08 Million ≈ $2.23 Million 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 how resilient are Gold Springs Resource Corp's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$24.09 Million |
| % of Total Assets | 88.66% |
| Annual Growth Rate | 6.69% |
| 5-Year Change | -1.98% |
| 10-Year Change | -12.58% |
| Growth Volatility | 354.77 |
Gold Springs Resource Corp - Net Assets Trend (2004–2025)
This chart illustrates how Gold Springs Resource Corp's net assets have evolved over time, based on quarterly financial data. Also explore GRC total asset value for the complete picture of this company's asset base.
Annual Net Assets for Gold Springs Resource Corp (2004–2025)
The table below shows the annual net assets of Gold Springs Resource Corp from 2004 to 2025. For live valuation and market cap data, see market value of Gold Springs Resource Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$24.09 Million ≈ $17.43 Million |
-2.52% |
| 2024-12-31 | CA$24.71 Million ≈ $17.88 Million |
-1.94% |
| 2023-12-31 | CA$25.20 Million ≈ $18.23 Million |
+3.54% |
| 2022-12-31 | CA$24.34 Million ≈ $17.61 Million |
-0.96% |
| 2021-12-31 | CA$24.58 Million ≈ $17.78 Million |
+7.05% |
| 2020-12-31 | CA$22.96 Million ≈ $16.61 Million |
-5.25% |
| 2019-12-31 | CA$24.23 Million ≈ $17.53 Million |
-30.60% |
| 2018-12-31 | CA$34.91 Million ≈ $25.26 Million |
+21.95% |
| 2017-12-31 | CA$28.63 Million ≈ $20.71 Million |
+3.90% |
| 2016-12-31 | CA$27.56 Million ≈ $19.93 Million |
-26.55% |
| 2015-12-31 | CA$37.52 Million ≈ $27.14 Million |
+8.67% |
| 2014-12-31 | CA$34.53 Million ≈ $24.98 Million |
+0.79% |
| 2013-12-31 | CA$34.26 Million ≈ $24.78 Million |
-34.63% |
| 2012-12-31 | CA$52.40 Million ≈ $37.91 Million |
+16.74% |
| 2011-12-31 | CA$44.89 Million ≈ $32.47 Million |
-5.84% |
| 2010-12-31 | CA$47.67 Million ≈ $34.49 Million |
+209.64% |
| 2009-12-31 | CA$15.40 Million ≈ $11.14 Million |
+12.30% |
| 2008-12-31 | CA$13.71 Million ≈ $9.92 Million |
-13.65% |
| 2007-12-31 | CA$15.88 Million ≈ $11.49 Million |
+1613.98% |
| 2006-12-31 | CA$926.35K ≈ $670.11K |
-85.02% |
| 2004-12-31 | CA$6.18 Million ≈ $4.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gold Springs Resource 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 6324948700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$101.34 Million | 420.64% |
| Other Comprehensive Income | CA$-520.43K | -2.16% |
| Other Components | CA$14.29 Million | 59.33% |
| Total Equity | CA$24.09 Million | 100.00% |
Gold Springs Resource Corp Competitors by Market Cap
The table below lists competitors of Gold Springs Resource Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metalliance SA
PA:MLETA
|
$16.39 Million |
|
GMV Minerals Inc
V:GMV
|
$16.39 Million |
|
Maheshwari Logistics Limited
NSE:MAHESHWARI
|
$16.41 Million |
|
ViroGates A/S
CO:VIRO
|
$16.41 Million |
|
Gigasun AB
ST:GIGA
|
$16.37 Million |
|
Pharma Equity Group A/S Cl A
CO:PEG
|
$16.36 Million |
|
Laser Photonics Corporation Common Stock
NASDAQ:LASE
|
$16.35 Million |
|
Moment Group AB
ST:MOMENT
|
$16.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Springs Resource Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 24,714,639 to 24,090,817, a change of -623,822 (-2.5%).
- Net loss of 661,670 reduced equity.
- Other comprehensive income decreased equity by 20,970.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-661.67K | -2.75% |
| Other Comprehensive Income | CA$-20.97K | -0.09% |
| Other Changes | CA$58.82K | +0.24% |
| Total Change | CA$- | -2.52% |
Book Value vs Market Value Analysis
This analysis compares Gold Springs Resource 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: 0.94x
- 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.
- The price-to-book ratio has increased from 0.11x to 0.94x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CA$0.72 | CA$0.08 | x |
| 2006-12-31 | CA$0.09 | CA$0.08 | x |
| 2007-12-31 | CA$0.37 | CA$0.08 | x |
| 2008-12-31 | CA$0.28 | CA$0.08 | x |
| 2009-12-31 | CA$0.30 | CA$0.08 | x |
| 2010-12-31 | CA$0.72 | CA$0.08 | x |
| 2011-12-31 | CA$0.45 | CA$0.08 | x |
| 2012-12-31 | CA$0.47 | CA$0.08 | x |
| 2013-12-31 | CA$0.30 | CA$0.08 | x |
| 2014-12-31 | CA$0.25 | CA$0.08 | x |
| 2015-12-31 | CA$0.28 | CA$0.08 | x |
| 2016-12-31 | CA$0.19 | CA$0.08 | x |
| 2017-12-31 | CA$0.17 | CA$0.08 | x |
| 2018-12-31 | CA$0.18 | CA$0.08 | x |
| 2019-12-31 | CA$0.10 | CA$0.08 | x |
| 2020-12-31 | CA$0.09 | CA$0.08 | x |
| 2021-12-31 | CA$0.10 | CA$0.08 | x |
| 2022-12-31 | CA$0.09 | CA$0.08 | x |
| 2023-12-31 | CA$0.09 | CA$0.08 | x |
| 2024-12-31 | CA$0.09 | CA$0.08 | x |
| 2025-12-31 | CA$0.09 | CA$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Springs Resource Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.13x
- Recent ROE (-2.75%) is above the historical average (-8.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -33.81% | 0.00% | 0.00x | 1.00x | CA$-2.71 Million |
| 2006 | 75.65% | 0.00% | 0.00x | 1.47x | CA$608.14K |
| 2007 | -12.75% | 0.00% | 0.00x | 1.03x | CA$-3.61 Million |
| 2008 | -22.77% | 0.00% | 0.00x | 1.02x | CA$-4.49 Million |
| 2009 | -11.59% | 0.00% | 0.00x | 1.03x | CA$-3.32 Million |
| 2010 | -6.04% | 0.00% | 0.00x | 1.02x | CA$-7.65 Million |
| 2011 | -22.41% | 0.00% | 0.00x | 1.02x | CA$-14.55 Million |
| 2012 | -18.79% | 0.00% | 0.00x | 1.03x | CA$-15.09 Million |
| 2013 | -20.42% | 0.00% | 0.00x | 1.54x | CA$-10.42 Million |
| 2014 | 0.93% | 0.00% | 0.00x | 1.42x | CA$-3.13 Million |
| 2015 | 7.29% | 0.00% | 0.00x | 1.29x | CA$-1.02 Million |
| 2016 | -50.28% | 0.00% | 0.00x | 1.82x | CA$-16.61 Million |
| 2017 | -6.91% | 0.00% | 0.00x | 1.79x | CA$-4.84 Million |
| 2018 | 7.42% | 0.00% | 0.00x | 1.28x | CA$-900.49K |
| 2019 | -48.71% | 0.00% | 0.00x | 1.02x | CA$-14.23 Million |
| 2020 | -5.88% | 0.00% | 0.00x | 1.03x | CA$-3.65 Million |
| 2021 | 4.55% | 0.00% | 0.00x | 1.02x | CA$-1.34 Million |
| 2022 | -4.81% | 0.00% | 0.00x | 1.06x | CA$-3.61 Million |
| 2023 | -2.55% | 0.00% | 0.00x | 1.02x | CA$-3.16 Million |
| 2024 | -2.74% | 0.00% | 0.00x | 1.06x | CA$-3.15 Million |
| 2025 | -2.75% | 0.00% | 0.00x | 1.13x | CA$-3.07 Million |
Industry Comparison
This section compares Gold Springs Resource Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,534,498,549
- Average return on equity (ROE) among peers: -16.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Springs Resource Corp (GRC) | CA$24.09 Million | -33.81% | 0.13x | $16.38 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $25.14 Million | 6.90% | 0.34x | $86.06 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $152.14 Million | 0.14% | 0.98x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $2.74 Billion | -2.44% | 0.32x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-1.62 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About Gold Springs Resource Corp
Gold Springs Resource Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company primarily explores for gold and silver deposits. It holds a 100% interest in the Gold Springs project covering an area of approximately 7,544 hectares located in straddles eastern Lincoln County, Nevada and western Iron County, Utah. The company was formerly… Read more