G2 Goldfields Inc. Net Assets
G2 Goldfields Inc. net assets. Based on the latest financial reports, G2 Goldfields Inc. (GTWO) has net assets worth CA$147.19 Million CAD (≈ $106.48 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$151.17 Million ≈ $109.35 Million USD) and total liabilities (CA$3.98 Million ≈ $2.88 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. Also explore GTWO net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$147.19 Million |
| % of Total Assets | 97.37% |
| Annual Growth Rate | 103.93% |
| 5-Year Change | 694.54% |
| 10-Year Change | N/A |
| Growth Volatility | 1256.66 |
Net Assets of G2 Goldfields Inc. (2015–2024)
Net assets of G2 Goldfields Inc. from 2015 to 2024. This chart illustrates how G2 Goldfields Inc.'s net assets have evolved over time, based on quarterly financial data. See G2 Goldfields Inc. balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for G2 Goldfields Inc. (2015–2024)
The table below shows the annual net assets of G2 Goldfields Inc. from 2015 to 2024. For live market cap and overall valuation, see GTWO company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$102.48 Million ≈ $74.13 Million |
+66.31% |
| 2023-11-30 | CA$61.62 Million ≈ $44.57 Million |
+48.84% |
| 2022-11-30 | CA$41.40 Million ≈ $29.95 Million |
+144.54% |
| 2021-11-30 | CA$16.93 Million ≈ $12.25 Million |
+31.26% |
| 2020-11-30 | CA$12.90 Million ≈ $9.33 Million |
-34.17% |
| 2019-11-30 | CA$19.59 Million ≈ $14.17 Million |
+78.82% |
| 2018-11-30 | CA$10.96 Million ≈ $7.93 Million |
+29.95% |
| 2017-11-30 | CA$8.43 Million ≈ $6.10 Million |
+21.26% |
| 2016-11-30 | CA$6.95 Million ≈ $5.03 Million |
+4044.39% |
| 2015-11-30 | CA$167.76K ≈ $121.36K |
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Equity Component Analysis
This analysis shows how different components contribute to G2 Goldfields 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 3718308800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
G2 Goldfields Inc. Net Assets Breakdown (November 2024)
G2 Goldfields Inc. net assets breakdown by equity component as of November 2024.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$150.43 Million | 146.80% |
| Other Comprehensive Income | CA$-679.02K | -0.66% |
| Other Components | CA$20.95 Million | 20.45% |
| Total Equity | CA$102.48 Million | 100.00% |
G2 Goldfields Inc. Competitors by Market Cap
The table below lists competitors of G2 Goldfields Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centrus Energy Corp.
NYSE MKT:LEU
|
$1.81 Billion |
|
Megaport Ltd
AU:MP1
|
$1.81 Billion |
|
C3 Ai Inc
NYSE:AI
|
$1.82 Billion |
|
Pehuenche
SN:PEHUENCHE
|
$1.82 Billion |
|
Bossard Holding AG
SW:BOSN
|
$1.81 Billion |
|
Montana Aerospace AG
SW:AERO
|
$1.81 Billion |
|
CBIZ Inc
NYSE:CBZ
|
$1.81 Billion |
|
Jiangsu Dingsheng New Material Joint-Stock Co Ltd
SHG:603876
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G2 Goldfields Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,616,975 to 102,477,964, a change of 40,860,989 (66.3%).
- Net loss of 10,938,514 reduced equity.
- Share repurchases of 43,568,870 reduced equity.
- New share issuances of 42,000,000 increased equity.
- Other comprehensive income increased equity by 514,294.
- Other factors increased equity by 52,854,079.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-10.94 Million | -10.67% |
| Share Repurchases | CA$43.57 Million | -42.52% |
| Share Issuances | CA$42.00 Million | +40.98% |
| Other Comprehensive Income | CA$514.29K | +0.5% |
| Other Changes | CA$52.85 Million | +51.58% |
| Total Change | CA$- | 66.31% |
Book Value vs Market Value Analysis
This analysis compares G2 Goldfields 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: 22.16x
- 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 272.00x to 22.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-11-30 | CA$0.04 | CA$9.68 | x |
| 2016-11-30 | CA$0.26 | CA$9.68 | x |
| 2017-11-30 | CA$0.22 | CA$9.68 | x |
| 2018-11-30 | CA$0.20 | CA$9.68 | x |
| 2019-11-30 | CA$0.22 | CA$9.68 | x |
| 2020-11-30 | CA$0.11 | CA$9.68 | x |
| 2021-11-30 | CA$0.13 | CA$9.68 | x |
| 2022-11-30 | CA$0.25 | CA$9.68 | x |
| 2023-11-30 | CA$0.32 | CA$9.68 | x |
| 2024-11-30 | CA$0.44 | CA$9.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G2 Goldfields Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1737.66%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.02x
- Recent ROE (-10.67%) is above the historical average (-29.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -123.52% | 0.00% | 0.00x | 1.44x | CA$-223.99K |
| 2016 | -11.08% | 0.00% | 0.00x | 1.04x | CA$-1.47 Million |
| 2017 | -7.12% | 0.00% | 0.00x | 1.06x | CA$-1.44 Million |
| 2018 | -9.29% | 0.00% | 0.00x | 1.09x | CA$-2.11 Million |
| 2019 | -6.19% | -243.76% | 0.02x | 1.07x | CA$-3.17 Million |
| 2020 | -100.14% | -2960.04% | 0.03x | 1.08x | CA$-14.21 Million |
| 2021 | -13.02% | -636.69% | 0.02x | 1.06x | CA$-3.90 Million |
| 2022 | -10.69% | -1402.63% | 0.01x | 1.05x | CA$-8.57 Million |
| 2023 | -5.03% | -583.83% | 0.01x | 1.04x | CA$-9.26 Million |
| 2024 | -10.67% | -1737.66% | 0.01x | 1.02x | CA$-21.19 Million |
Industry Comparison
This section compares G2 Goldfields Inc.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $677,650,424
- Average return on equity (ROE) among peers: -20.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G2 Goldfields Inc. (GTWO) | CA$147.19 Million | -123.52% | 0.03x | $1.81 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $2.40 Billion |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $47.48 Million |
| Barrick Gold Corp (ABX) | $3.85 Billion | 10.41% | 0.78x | $61.83 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $133.41 Million |
| Agnico Eagle Mines Limited (AEM) | $110.01 Million | 9.00% | 1.33x | $85.78 Billion |
| Alamos Gold Inc (AGI) | $2.70 Billion | 3.57% | 0.26x | $11.51 Billion |
| AIS Resources Ltd (AIS) | $2.27 Million | 1.48% | 0.03x | $2.02 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $2.09 Million |
| Altamira Gold Corp (ALTA) | $2.59 Million | -43.05% | 0.10x | $38.63 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About G2 Goldfields Inc.
G2 Goldfields Inc. engages in the acquisition and exploration of mineral properties. It explores for gold deposits. The company's flagship property consists of the 100% owned Oko-Ghanie project that includes Oko main zone, Ghanie gold zone, and north-west Oko gold deposits located in the southeastern portion of the Cuyuni Mining District, Guyana. G2 Goldfields Inc. is headquartered in Toronto, Ca… Read more