goeasy Ltd (GSY) - Net Assets

Latest as of September 2025: CA$1.23 Billion CAD ≈ $890.40 Million USD

Based on the latest financial reports, goeasy Ltd (GSY) has net assets worth CA$1.23 Billion CAD (≈ $890.40 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$6.20 Billion ≈ $4.49 Billion USD) and total liabilities (CA$4.97 Billion ≈ $3.60 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 GSY financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$1.23 Billion
% of Total Assets	19.84%
Annual Growth Rate	19.81%
5-Year Change	170.81%
10-Year Change	582.19%
Growth Volatility	36.92

goeasy Ltd - Net Assets Trend (1994–2024)

This chart illustrates how goeasy Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is goeasy Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for goeasy Ltd (1994–2024)

The table below shows the annual net assets of goeasy Ltd from 1994 to 2024. For live valuation and market cap data, see market value of goeasy Ltd.

Year	Net Assets	Change
2024-12-31	CA$1.20 Billion ≈ $868.83 Million	+13.94%
2023-12-31	CA$1.05 Billion ≈ $762.50 Million	+21.20%
2022-12-31	CA$869.69 Million ≈ $629.12 Million	+10.10%
2021-12-31	CA$789.91 Million ≈ $571.41 Million	+78.10%
2020-12-31	CA$443.51 Million ≈ $320.83 Million	+33.42%
2019-12-31	CA$332.42 Million ≈ $240.47 Million	+10.25%
2018-12-31	CA$301.53 Million ≈ $218.12 Million	+32.11%
2017-12-31	CA$228.24 Million ≈ $165.11 Million	+16.43%
2016-12-31	CA$196.03 Million ≈ $141.81 Million	+11.34%
2015-12-31	CA$176.06 Million ≈ $127.36 Million	+14.35%
2014-12-31	CA$153.97 Million ≈ $111.38 Million	+13.52%
2013-12-31	CA$135.63 Million ≈ $98.11 Million	+29.16%
2012-12-31	CA$105.01 Million ≈ $75.96 Million	+7.66%
2011-12-31	CA$97.54 Million ≈ $70.56 Million	+6.59%
2010-12-31	CA$91.51 Million ≈ $66.20 Million	+6.77%
2009-12-31	CA$85.71 Million ≈ $62.00 Million	-1.08%
2008-12-31	CA$86.64 Million ≈ $62.68 Million	+8.38%
2007-12-31	CA$79.95 Million ≈ $57.83 Million	+15.55%
2006-12-31	CA$69.19 Million ≈ $50.05 Million	+13.24%
2005-12-31	CA$61.10 Million ≈ $44.20 Million	+11.13%
2004-12-31	CA$54.98 Million ≈ $39.77 Million	+17.51%
2003-12-31	CA$46.79 Million ≈ $33.85 Million	+44.32%
2002-12-31	CA$32.42 Million ≈ $23.45 Million	+18.81%
2001-12-31	CA$27.29 Million ≈ $19.74 Million	+16.64%
2000-12-31	CA$23.39 Million ≈ $16.92 Million	-21.50%
1999-12-31	CA$29.80 Million ≈ $21.56 Million	-1.00%
1998-12-31	CA$30.10 Million ≈ $21.77 Million	+18.50%
1997-12-31	CA$25.40 Million ≈ $18.37 Million	-19.62%
1996-12-31	CA$31.60 Million ≈ $22.86 Million	+128.99%
1995-12-31	CA$13.80 Million ≈ $9.98 Million	+160.38%
1994-12-31	CA$5.30 Million ≈ $3.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to goeasy Ltd'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 grown by 158451.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CA$792.76 Million	66.00%
Common Stock	CA$438.30 Million	36.49%
Other Comprehensive Income	CA$-56.94 Million	-4.74%
Other Components	CA$26.94 Million	2.24%
Total Equity	CA$1.20 Billion	100.00%

goeasy Ltd Competitors by Market Cap

The table below lists competitors of goeasy Ltd ranked by their market capitalization.

Company	Market Cap
Jiangsu Feiliks Intl Logistics SHE:300240	$377.34 Million
ACOTEC SCIEN.H. DL-00001 F:7W3	$377.38 Million
Kretam Holdings Bhd KLSE:1996	$377.42 Million
Zhejiang Benli Technology Co. Ltd. SHE:301065	$377.46 Million
GWA Group Ltd AU:GWA	$377.18 Million
Greene County Bancorp Inc NASDAQ:GCBC	$377.14 Million
Ramky Infrastructure Limited NSE:RAMKY	$377.06 Million
Taiwan Steel Union Co Ltd TW:6581	$376.86 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in goeasy Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,054,077,000 to 1,201,063,000, a change of 146,986,000 (13.9%).
Net income of 283,110,000 contributed positively to equity growth.
Dividend payments of 72,772,000 reduced retained earnings.
Share repurchases of 27,871,000 reduced equity.
New share issuances of 6,942,000 increased equity.
Other comprehensive income decreased equity by 47,217,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$283.11 Million	+23.57%
Dividends Paid	CA$72.77 Million	-6.06%
Share Repurchases	CA$27.87 Million	-2.32%
Share Issuances	CA$6.94 Million	+0.58%
Other Comprehensive Income	CA$-47.22 Million	-3.93%
Other Changes	CA$4.79 Million	+0.4%
Total Change	CA$-	13.94%

Book Value vs Market Value Analysis

This analysis compares goeasy Ltd'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: 0.47x
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 decreased from 9.96x to 0.47x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1994-12-31	CA$3.27	CA$32.54	x
1995-12-31	CA$7.61	CA$32.54	x
1996-12-31	CA$12.11	CA$32.54	x
1997-12-31	CA$7.01	CA$32.54	x
1998-12-31	CA$8.60	CA$32.54	x
1999-12-31	CA$9.23	CA$32.54	x
2000-12-31	CA$7.06	CA$32.54	x
2001-12-31	CA$3.89	CA$32.54	x
2002-12-31	CA$4.46	CA$32.54	x
2003-12-31	CA$6.29	CA$32.54	x
2004-12-31	CA$5.47	CA$32.54	x
2005-12-31	CA$5.92	CA$32.54	x
2006-12-31	CA$6.62	CA$32.54	x
2007-12-31	CA$7.58	CA$32.54	x
2008-12-31	CA$8.16	CA$32.54	x
2009-12-31	CA$8.11	CA$32.54	x
2010-12-31	CA$8.72	CA$32.54	x
2011-12-31	CA$8.17	CA$32.54	x
2012-12-31	CA$8.75	CA$32.54	x
2013-12-31	CA$11.02	CA$32.54	x
2014-12-31	CA$11.04	CA$32.54	x
2015-12-31	CA$12.54	CA$32.54	x
2016-12-31	CA$14.09	CA$32.54	x
2017-12-31	CA$15.42	CA$32.54	x
2018-12-31	CA$19.24	CA$32.54	x
2019-12-31	CA$20.70	CA$32.54	x
2020-12-31	CA$28.15	CA$32.54	x
2021-12-31	CA$47.14	CA$32.54	x
2022-12-31	CA$52.23	CA$32.54	x
2023-12-31	CA$61.58	CA$32.54	x
2024-12-31	CA$69.16	CA$32.54	x

Capital Efficiency Dashboard

This dashboard shows how efficiently goeasy Ltd 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): 23.57%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.59%
• Asset Turnover: 0.29x
• Equity Multiplier: 4.32x
Recent ROE (23.57%) is above the historical average (12.47%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1994	8.16%	7.84%	0.68x	1.53x	CA$-90.00K
1995	13.14%	6.41%	1.17x	1.75x	CA$430.00K
1996	20.38%	12.75%	0.78x	2.06x	CA$3.26 Million
1997	11.42%	9.27%	0.39x	3.16x	CA$360.00K
1998	18.60%	7.42%	0.99x	2.54x	CA$2.59 Million
1999	6.04%	2.40%	1.11x	2.26x	CA$-1.18 Million
2000	-27.38%	-9.51%	1.16x	2.49x	CA$-8.74 Million
2001	-6.85%	-2.76%	1.22x	2.03x	CA$-4.60 Million
2002	8.08%	3.61%	1.24x	1.80x	CA$-624.10K
2003	8.61%	5.16%	1.26x	1.33x	CA$-652.00K
2004	15.92%	9.89%	1.28x	1.26x	CA$3.25 Million
2005	9.29%	5.51%	1.32x	1.28x	CA$-432.10K
2006	12.98%	7.51%	1.23x	1.40x	CA$2.06 Million
2007	14.62%	8.13%	1.24x	1.45x	CA$3.69 Million
2008	10.34%	5.51%	1.18x	1.59x	CA$291.50K
2009	5.90%	2.92%	1.27x	1.59x	CA$-3.52 Million
2010	6.64%	3.49%	1.25x	1.52x	CA$-3.08 Million
2011	9.85%	5.10%	1.18x	1.63x	CA$-142.20K
2012	10.53%	5.54%	1.05x	1.81x	CA$555.70K
2013	10.46%	6.48%	0.94x	1.72x	CA$618.70K
2014	12.83%	7.62%	0.81x	2.07x	CA$4.35 Million
2015	13.48%	7.80%	0.73x	2.38x	CA$6.12 Million
2016	15.84%	8.93%	0.69x	2.57x	CA$11.45 Million
2017	15.83%	8.99%	0.54x	3.28x	CA$13.31 Million
2018	17.62%	10.49%	0.48x	3.50x	CA$22.97 Million
2019	19.36%	10.56%	0.46x	3.97x	CA$31.11 Million
2020	30.78%	20.91%	0.43x	3.39x	CA$92.15 Million
2021	31.01%	29.63%	0.32x	3.29x	CA$165.95 Million
2022	16.12%	13.75%	0.31x	3.80x	CA$53.19 Million
2023	23.52%	19.83%	0.30x	3.95x	CA$142.49 Million
2024	23.57%	18.59%	0.29x	4.32x	CA$163.00 Million

Industry Comparison

This section compares goeasy Ltd's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $64,543,496
Average return on equity (ROE) among peers: 7.64%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
goeasy Ltd (GSY)	CA$1.23 Billion	8.16%	4.04x	$377.24 Million
Accord Financial Corp. (ACD)	$48.18 Million	10.46%	1.15x	$9.16 Million
Crown Capital Partners Inc (CRWN)	$129.19 Million	1.57%	0.01x	$2.59 Million
Mint Corp (MIT)	$-837.17K	0.00%	0.00x	$5.12 Million
Propel Holdings Inc (PRL)	$81.64 Million	18.53%	2.14x	$609.51 Million

About goeasy Ltd

TO:GSY Canada Credit Services

Market Cap

$377.24 Million

CA$521.49 Million CAD

Market Cap Rank

#13948 Global

#404 in Canada

Share Price

CA$32.54

Change (1 day)

-4.32%

52-Week Range

CA$31.03 - CA$214.77

All Time High

CA$214.77