Loncor Resources Inc
Loncor Gold Inc., a gold exploration company, engages in the acquisition, exploration, and development of precious metal projects in the Democratic Republic of the Congo. It explores for gold and platinum deposits. The company's flagship project is the 84.68% owned Adumbi project that consist of one mining license covering an area of 122 square kilometers located within the Ngayu Archaean Greenst… Read more
Loncor Resources Inc (LN) - Net Assets
Latest net assets as of September 2025: CA$33.93 Million CAD
Based on the latest financial reports, Loncor Resources Inc (LN) has net assets worth CA$33.93 Million CAD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$35.71 Million) and total liabilities (CA$1.78 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$33.93 Million |
| % of Total Assets | 95.01% |
| Annual Growth Rate | 11.81% |
| 5-Year Change | -40.89% |
| 10-Year Change | -30.58% |
| Growth Volatility | 125.69 |
Loncor Resources Inc - Net Assets Trend (2001–2024)
This chart illustrates how Loncor Resources 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 Loncor Resources Inc (2001–2024)
The table below shows the annual net assets of Loncor Resources Inc from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$18.25 Million | -15.38% |
| 2023-12-31 | CA$21.57 Million | -47.64% |
| 2022-12-31 | CA$41.19 Million | +7.45% |
| 2021-12-31 | CA$38.33 Million | +24.15% |
| 2020-12-31 | CA$30.88 Million | +13.16% |
| 2019-12-31 | CA$27.29 Million | -3.52% |
| 2018-12-31 | CA$28.28 Million | +5.31% |
| 2017-12-31 | CA$26.86 Million | +0.75% |
| 2016-12-31 | CA$26.66 Million | +1.39% |
| 2015-12-31 | CA$26.29 Million | -6.71% |
| 2014-12-31 | CA$28.18 Million | -9.03% |
| 2013-12-31 | CA$30.98 Million | -46.39% |
| 2012-12-31 | CA$57.79 Million | +33.35% |
| 2011-12-31 | CA$43.34 Million | +93.15% |
| 2010-12-31 | CA$22.44 Million | +603.29% |
| 2009-12-31 | CA$3.19 Million | +71.46% |
| 2008-12-31 | CA$1.86 Million | +42.28% |
| 2007-12-31 | CA$1.31 Million | -12.41% |
| 2006-12-31 | CA$1.49 Million | -7.39% |
| 2005-12-31 | CA$1.61 Million | -38.69% |
| 2004-12-31 | CA$2.63 Million | +15.79% |
| 2003-12-31 | CA$2.27 Million | +26.84% |
| 2002-12-31 | CA$1.79 Million | +27.87% |
| 2001-12-31 | CA$1.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Loncor Resources 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 8183835679.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$100.39 Million | 550.05% |
| Other Comprehensive Income | CA$13.15 Million | 72.05% |
| Total Equity | CA$18.25 Million | 100.00% |
Loncor Resources Inc Competitors by Market Cap
The table below lists competitors of Loncor Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
G8 Education Ltd
AU:GEM
|
$111.33 Million |
|
Chinese Maritime Transport Ltd
TW:2612
|
$111.34 Million |
|
Genexine Inc
KQ:095700
|
$111.37 Million |
|
JADESTONE ENERGY LS -001
F:8KW
|
$111.46 Million |
|
Shining Building Business Co Ltd
TW:5531
|
$111.32 Million |
|
ALTEO ENERG.NYIL M.UF125
F:54O
|
$111.31 Million |
|
AGI Greenpac Limited
NSE:AGI
|
$111.31 Million |
|
WHA UTILITIES AND PO
BK:WHAUP-R
|
$111.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Loncor Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,567,516 to 18,250,775, a change of -3,316,741 (-15.4%).
- Net loss of 4,159,197 reduced equity.
- Share repurchases of 180,580 reduced equity.
- New share issuances of 180,583 increased equity.
- Other comprehensive income increased equity by 637,997.
- Other factors increased equity by 204,456.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.16 Million | -22.79% |
| Share Repurchases | CA$180.58K | -0.99% |
| Share Issuances | CA$180.58K | +0.99% |
| Other Comprehensive Income | CA$638.00K | +3.5% |
| Other Changes | CA$204.46K | +1.12% |
| Total Change | CA$- | -15.38% |
Book Value vs Market Value Analysis
This analysis compares Loncor Resources 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: 11.66x
- 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 increased from 3.26x to 11.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.42 | CA$1.38 | x |
| 2002-12-31 | CA$0.34 | CA$1.38 | x |
| 2003-12-31 | CA$0.36 | CA$1.38 | x |
| 2004-12-31 | CA$0.35 | CA$1.38 | x |
| 2005-12-31 | CA$0.21 | CA$1.38 | x |
| 2006-12-31 | CA$0.15 | CA$1.38 | x |
| 2007-12-31 | CA$0.13 | CA$1.38 | x |
| 2008-12-31 | CA$0.15 | CA$1.38 | x |
| 2009-12-31 | CA$0.22 | CA$1.38 | x |
| 2010-12-31 | CA$1.03 | CA$1.38 | x |
| 2011-12-31 | CA$1.50 | CA$1.38 | x |
| 2012-12-31 | CA$1.84 | CA$1.38 | x |
| 2013-12-31 | CA$0.84 | CA$1.38 | x |
| 2014-12-31 | CA$0.78 | CA$1.38 | x |
| 2015-12-31 | CA$0.64 | CA$1.38 | x |
| 2016-12-31 | CA$0.38 | CA$1.38 | x |
| 2017-12-31 | CA$0.34 | CA$1.38 | x |
| 2018-12-31 | CA$0.33 | CA$1.38 | x |
| 2019-12-31 | CA$0.29 | CA$1.38 | x |
| 2020-12-31 | CA$0.29 | CA$1.38 | x |
| 2021-12-31 | CA$0.30 | CA$1.38 | x |
| 2022-12-31 | CA$0.29 | CA$1.38 | x |
| 2023-12-31 | CA$0.14 | CA$1.38 | x |
| 2024-12-31 | CA$0.12 | CA$1.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Loncor Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -22.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.07x
- Recent ROE (-22.79%) is above the historical average (-41.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -490.07% | -2759.19% | 0.09x | 2.09x | CA$-7.00 Million |
| 2002 | -50.96% | -101.00% | 0.28x | 1.78x | CA$-1.09 Million |
| 2003 | -28.09% | -62.28% | 0.36x | 1.25x | CA$-864.97K |
| 2004 | 17.75% | 41.81% | 0.32x | 1.32x | CA$203.81K |
| 2005 | -61.04% | -182.90% | 0.25x | 1.32x | CA$-1.15 Million |
| 2006 | -28.68% | -248.96% | 0.09x | 1.28x | CA$-577.52K |
| 2007 | -14.24% | -130.61% | 0.07x | 1.52x | CA$-316.97K |
| 2008 | -19.95% | -223.56% | 0.03x | 3.12x | CA$-557.19K |
| 2009 | -31.69% | -89538.62% | 0.00x | 2.07x | CA$-1.33 Million |
| 2010 | -14.17% | 0.00% | 0.00x | 1.05x | CA$-5.42 Million |
| 2011 | 1.23% | 0.00% | 0.00x | 1.06x | CA$-3.80 Million |
| 2012 | -3.60% | 0.00% | 0.00x | 1.04x | CA$-7.86 Million |
| 2013 | -87.88% | 0.00% | 0.00x | 1.04x | CA$-30.32 Million |
| 2014 | -10.30% | 0.00% | 0.00x | 1.06x | CA$-5.72 Million |
| 2015 | -9.19% | 0.00% | 0.00x | 1.07x | CA$-5.05 Million |
| 2016 | -1.87% | 0.00% | 0.00x | 1.05x | CA$-3.16 Million |
| 2017 | -0.23% | 0.00% | 0.00x | 1.04x | CA$-2.75 Million |
| 2018 | -2.35% | 0.00% | 0.00x | 1.03x | CA$-3.49 Million |
| 2019 | -6.59% | 0.00% | 0.00x | 1.09x | CA$-4.53 Million |
| 2020 | -7.39% | 0.00% | 0.00x | 1.06x | CA$-5.37 Million |
| 2021 | -9.80% | 0.00% | 0.00x | 1.05x | CA$-7.59 Million |
| 2022 | -7.37% | 0.00% | 0.00x | 1.04x | CA$-7.16 Million |
| 2023 | -98.61% | 0.00% | 0.00x | 1.13x | CA$-23.42 Million |
| 2024 | -22.79% | 0.00% | 0.00x | 1.07x | CA$-5.98 Million |
Industry Comparison
This section compares Loncor Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,323,818
- Average return on equity (ROE) among peers: -12.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Loncor Resources Inc (LN) | CA$33.93 Million | -490.07% | 0.05x | $111.32 Million |
| Athabasca Minerals Inc (ABM) | $14.67 Million | -17.11% | 0.38x | $3.80 Million |
| AIS Resources Ltd (AIS) | $733.20K | -18.86% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $248.82K |
| Antler Gold Inc (ANTL) | $5.56 Million | -15.72% | 0.05x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $509.07K | -27.00% | 0.02x | $1.15 Million |
| Awale Resources Ltd (ARIC) | $11.21 Million | -15.12% | 0.10x | $38.72 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.70 Million |
| AUX Resources Corporation (AUX) | $-1.82 Million | 0.00% | 0.00x | $12.37 Million |