Kinross Gold Corp (K) - Net Assets

Latest as of September 2025: CA$8.08 Billion CAD ≈ $5.84 Billion USD

Based on the latest financial reports, Kinross Gold Corp (K) has net assets worth CA$8.08 Billion CAD (≈ $5.84 Billion 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$12.12 Billion ≈ $8.77 Billion USD) and total liabilities (CA$4.04 Billion ≈ $2.92 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. Explore Kinross Gold Corp cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$8.08 Billion
% of Total Assets	66.64%
Annual Growth Rate	14.87%
5-Year Change	5.0%
10-Year Change	77.88%
Growth Volatility	79.89

Kinross Gold Corp - Net Assets Trend (1993–2024)

This chart illustrates how Kinross Gold Corp's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market cap of Kinross Gold Corp.

Annual Net Assets for Kinross Gold Corp (1993–2024)

The table below shows the annual net assets of Kinross Gold Corp from 1993 to 2024. Read Kinross Gold Corp balance sheet liabilities for a breakdown of total debt and financial obligations.

Year	Net Assets	Change
2024-12-31	CA$7.00 Billion ≈ $5.06 Billion	+13.69%
2023-12-31	CA$6.15 Billion ≈ $4.45 Billion	+4.67%
2022-12-31	CA$5.88 Billion ≈ $4.25 Billion	-11.46%
2021-12-31	CA$6.64 Billion ≈ $4.80 Billion	-0.34%
2020-12-31	CA$6.66 Billion ≈ $4.82 Billion	+24.95%
2019-12-31	CA$5.33 Billion ≈ $3.86 Billion	+17.79%
2018-12-31	CA$4.53 Billion ≈ $3.27 Billion	-1.99%
2017-12-31	CA$4.62 Billion ≈ $3.34 Billion	+10.39%
2016-12-31	CA$4.18 Billion ≈ $3.03 Billion	+6.38%
2015-12-31	CA$3.93 Billion ≈ $2.85 Billion	-19.60%
2014-12-31	CA$4.89 Billion ≈ $3.54 Billion	-19.67%
2013-12-31	CA$6.09 Billion ≈ $4.41 Billion	-38.65%
2012-12-31	CA$9.93 Billion ≈ $7.18 Billion	-20.41%
2011-12-31	CA$12.47 Billion ≈ $9.02 Billion	-15.70%
2010-12-31	CA$14.79 Billion ≈ $10.70 Billion	+159.88%
2009-12-31	CA$5.69 Billion ≈ $4.12 Billion	+17.53%
2008-12-31	CA$4.84 Billion ≈ $3.50 Billion	-0.38%
2007-12-31	CA$4.86 Billion ≈ $3.52 Billion	+227.86%
2006-12-31	CA$1.48 Billion ≈ $1.07 Billion	+35.65%
2005-12-31	CA$1.09 Billion ≈ $790.80 Million	-17.21%
2004-12-31	CA$1.32 Billion ≈ $955.16 Million	-27.27%
2003-12-31	CA$1.82 Billion ≈ $1.31 Billion	+333.37%
2002-12-31	CA$418.90 Million ≈ $303.03 Million	+27.40%
2001-12-31	CA$328.80 Million ≈ $237.85 Million	-24.17%
2000-12-31	CA$433.60 Million ≈ $313.66 Million	-23.44%
1999-12-31	CA$566.37 Million ≈ $409.70 Million	-27.20%
1998-12-31	CA$777.98 Million ≈ $562.78 Million	+118.08%
1997-12-31	CA$356.75 Million ≈ $258.06 Million	-16.26%
1996-12-31	CA$426.00 Million ≈ $308.16 Million	+76.38%
1995-12-31	CA$241.52 Million ≈ $174.71 Million	+47.10%
1994-12-31	CA$164.19 Million ≈ $118.77 Million	+72.66%
1993-12-31	CA$95.09 Million ≈ $68.79 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Kinross Gold 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 240661.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$4.48 Billion	65.40%
Other Comprehensive Income	CA$-87.35 Million	-1.27%
Other Components	CA$10.64 Billion	155.11%
Total Equity	CA$6.86 Billion	100.00%

Kinross Gold Corp Competitors by Market Cap

The table below lists competitors of Kinross Gold Corp ranked by their market capitalization.

Company	Market Cap
Sun Life Financial Inc. TO:SLF	$39.16 Billion
Unimicron Technology Corp TW:3037	$39.19 Billion
Bloom Energy Corp NYSE:BE	$39.20 Billion
Quanta Computer Inc TW:2382	$39.22 Billion
Samsung Electro-Mechanics KO:009150	$38.82 Billion
Oil & Natural Gas Corporation Limited NSE:ONGC	$38.75 Billion
Fubon Financial Holding Co Ltd TW:2881	$38.75 Billion
Swedbank AB (publ) ST:SWED-A	$38.69 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 6,052,573,965 to 6,857,518,583, a change of 804,944,618 (13.3%).
Net income of 948,800,000 contributed positively to equity growth.
Dividend payments of 147,500,000 reduced retained earnings.
Other comprehensive income decreased equity by 26,361,642.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$948.80 Million	+13.84%
Dividends Paid	CA$147.50 Million	-2.15%
Other Comprehensive Income	CA$-26.36 Million	-0.38%
Other Changes	CA$30.01 Million	+0.44%
Total Change	CA$-	13.30%

Book Value vs Market Value Analysis

This analysis compares Kinross Gold 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: 8.06x
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 11.44x to 8.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1993-12-31	CA$3.92	CA$44.79	x
1994-12-31	CA$4.95	CA$44.79	x
1995-12-31	CA$6.79	CA$44.79	x
1996-12-31	CA$10.11	CA$44.79	x
1997-12-31	CA$9.12	CA$44.79	x
1998-12-31	CA$10.26	CA$44.79	x
1999-12-31	CA$5.87	CA$44.79	x
2000-12-31	CA$4.36	CA$44.79	x
2001-12-31	CA$2.95	CA$44.79	x
2002-12-31	CA$3.54	CA$44.79	x
2003-12-31	CA$5.36	CA$44.79	x
2004-12-31	CA$3.82	CA$44.79	x
2005-12-31	CA$3.17	CA$44.79	x
2006-12-31	CA$4.20	CA$44.79	x
2007-12-31	CA$8.56	CA$44.79	x
2008-12-31	CA$7.62	CA$44.79	x
2009-12-31	CA$7.98	CA$44.79	x
2010-12-31	CA$17.52	CA$44.79	x
2011-12-31	CA$10.91	CA$44.79	x
2012-12-31	CA$8.65	CA$44.79	x
2013-12-31	CA$5.27	CA$44.79	x
2014-12-31	CA$4.23	CA$44.79	x
2015-12-31	CA$3.39	CA$44.79	x
2016-12-31	CA$3.38	CA$44.79	x
2017-12-31	CA$3.65	CA$44.79	x
2018-12-31	CA$3.61	CA$44.79	x
2019-12-31	CA$4.21	CA$44.79	x
2020-12-31	CA$5.20	CA$44.79	x
2021-12-31	CA$5.18	CA$44.79	x
2022-12-31	CA$4.55	CA$44.79	x
2023-12-31	CA$4.89	CA$44.79	x
2024-12-31	CA$5.55	CA$44.79	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kinross Gold 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): 13.84%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.43%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.58x
Recent ROE (13.84%) is above the historical average (-7.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1993	5.36%	15.41%	0.28x	1.23x	CA$-4.41 Million
1994	10.72%	19.64%	0.47x	1.17x	CA$1.18 Million
1995	5.30%	9.60%	0.46x	1.19x	CA$-11.35 Million
1996	2.45%	5.10%	0.38x	1.25x	CA$-32.16 Million
1997	-23.47%	-48.34%	0.38x	1.29x	CA$-119.40 Million
1998	-31.02%	-89.66%	0.24x	1.43x	CA$-319.14 Million
1999	-40.83%	-76.08%	0.34x	1.56x	CA$-287.91 Million
2000	-27.49%	-43.99%	0.39x	1.61x	CA$-162.56 Million
2001	-11.22%	-13.04%	0.49x	1.76x	CA$-69.78 Million
2002	-7.02%	-10.68%	0.46x	1.43x	CA$-71.29 Million
2003	0.58%	1.80%	0.27x	1.18x	CA$-170.97 Million
2004	-4.19%	-8.29%	0.36x	1.39x	CA$-187.30 Million
2005	-19.69%	-29.66%	0.43x	1.55x	CA$-324.49 Million
2006	11.18%	18.31%	0.45x	1.36x	CA$17.51 Million
2007	6.91%	30.63%	0.16x	1.38x	CA$-149.99 Million
2008	-16.86%	-49.92%	0.22x	1.54x	CA$-1.29 Billion
2009	5.57%	12.85%	0.30x	1.44x	CA$-246.05 Million
2010	5.31%	25.63%	0.17x	1.22x	CA$-681.51 Million
2011	-16.74%	-52.59%	0.24x	1.33x	CA$-3.31 Billion
2012	-25.43%	-58.10%	0.29x	1.51x	CA$-3.49 Billion
2013	-62.23%	-99.03%	0.37x	1.71x	CA$-4.34 Billion
2014	-24.09%	-33.65%	0.39x	1.85x	CA$-1.65 Billion
2015	-25.31%	-32.26%	0.39x	1.99x	CA$-1.37 Billion
2016	-2.51%	-3.00%	0.44x	1.92x	CA$-518.55 Million
2017	9.72%	13.48%	0.40x	1.78x	CA$-12.96 Million
2018	-0.52%	-0.73%	0.40x	1.79x	CA$-474.27 Million
2019	13.51%	20.55%	0.39x	1.71x	CA$186.75 Million
2020	20.35%	31.86%	0.39x	1.66x	CA$682.75 Million
2021	3.37%	5.93%	0.36x	1.58x	CA$-436.00 Million
2022	-10.40%	-17.52%	0.33x	1.79x	CA$-1.19 Billion
2023	6.88%	9.82%	0.40x	1.73x	CA$-188.96 Million
2024	13.84%	18.43%	0.47x	1.58x	CA$263.05 Million

Industry Comparison

This section compares Kinross Gold Corp's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $2,784,468,103
Average return on equity (ROE) among peers: -17.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kinross Gold Corp (K)	CA$8.08 Billion	5.36%	0.50x	$39.11 Billion
Allied Gold Corporation (AAUC)	$111.36 Million	-6.66%	4.92x	$3.95 Billion
Abcourt Mines Inc. (ABI)	$21.98 Million	-4.61%	0.07x	$81.76 Million
Barrick Gold Corp (ABX)	$24.51 Billion	-2.71%	0.93x	$68.04 Billion
American Eagle Gold Corp (AE)	$3.52 Million	-143.42%	0.34x	$141.31 Million
Agnico Eagle Mines Limited (AEM)	$2.98 Billion	-13.65%	0.67x	$99.09 Billion
Alamos Gold Inc (AGI)	$141.14 Million	2.08%	0.25x	$18.74 Billion
AIS Resources Ltd (AIS)	$2.11 Million	-4.60%	0.02x	$1.76 Million
Alliance Mining Corp (ALM)	$-655.60K	0.00%	0.00x	$1.58 Million
Altamira Gold Corp (ALTA)	$-113.81K	0.00%	0.00x	$37.53 Million
Almaden Minerals Ltd (AMM)	$80.18 Million	-3.33%	0.09x	$24.82 Million

About Kinross Gold Corp

TO:K Canada Gold

Market Cap

$39.11 Billion

CA$54.07 Billion CAD

Market Cap Rank

#684 Global

#30 in Canada

Share Price

CA$44.79

Change (1 day)

+1.93%

52-Week Range

CA$18.85 - CA$51.92

All Time High

CA$51.92