G2 Goldfields Inc. (GTWO) - Net Assets
Based on the latest financial reports, G2 Goldfields Inc. (GTWO) has net assets worth CA$150.02 Million CAD as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$153.93 Million) and total liabilities (CA$3.92 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$150.02 Million |
| % of Total Assets | 97.46% |
| Annual Growth Rate | 103.93% |
| 5-Year Change | 694.54% |
| 10-Year Change | N/A |
| Growth Volatility | 1256.66 |
G2 Goldfields Inc. - Net Assets Trend (2015–2024)
This chart illustrates how G2 Goldfields Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$102.48 Million | +66.31% |
| 2023-11-30 | CA$61.62 Million | +48.84% |
| 2022-11-30 | CA$41.40 Million | +144.54% |
| 2021-11-30 | CA$16.93 Million | +31.26% |
| 2020-11-30 | CA$12.90 Million | -34.17% |
| 2019-11-30 | CA$19.59 Million | +78.82% |
| 2018-11-30 | CA$10.96 Million | +29.95% |
| 2017-11-30 | CA$8.43 Million | +21.26% |
| 2016-11-30 | CA$6.95 Million | +4044.39% |
| 2015-11-30 | CA$167.76K | -- |
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.
Current Equity Component Breakdown (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 |
|---|---|
|
BRAZE INC. A DL-0001
F:K43
|
$2.31 Billion |
|
Yunnan Shennong Agricultural Industry Group Co Ltd
SHG:605296
|
$2.31 Billion |
|
Zhongrun Resources Investment
SHE:000506
|
$2.32 Billion |
|
ZENKOKU HOSHO CO. LTD.
F:ZKH
|
$2.32 Billion |
|
Sunway Construction Group Bhd
KLSE:5263
|
$2.30 Billion |
|
Formosa Sumco Technology Corp
TW:3532
|
$2.30 Billion |
|
JUSUNG ENGINEERING Co. Ltd
KQ:036930
|
$2.30 Billion |
|
Mr Price Group Ltd
JSE:MRP
|
$2.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G2 Goldfields Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 61,616,975 to 102,477,964, a change of 40,860,989 (66.3%).
- Net loss of 10,938,514 reduced equity.
- Share repurchases of 43,568,870 reduced equity.
- New share issuances of 42,000,000 increased equity.
- Other comprehensive income increased equity by 514,294.
- Other factors increased equity by 52,854,079.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 28.25x
- 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 346.75x to 28.25x 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$12.34 | x |
| 2016-11-30 | CA$0.26 | CA$12.34 | x |
| 2017-11-30 | CA$0.22 | CA$12.34 | x |
| 2018-11-30 | CA$0.20 | CA$12.34 | x |
| 2019-11-30 | CA$0.22 | CA$12.34 | x |
| 2020-11-30 | CA$0.11 | CA$12.34 | x |
| 2021-11-30 | CA$0.13 | CA$12.34 | x |
| 2022-11-30 | CA$0.25 | CA$12.34 | x |
| 2023-11-30 | CA$0.32 | CA$12.34 | x |
| 2024-11-30 | CA$0.44 | CA$12.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G2 Goldfields Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1737.66%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.02x
- Recent ROE (-10.67%) is above the historical average (-29.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -123.52% | 0.00% | 0.00x | 1.44x | CA$-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: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G2 Goldfields Inc. (GTWO) | CA$150.02 Million | -123.52% | 0.03x | $2.31 Billion |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 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