Loncor Resources Inc (LN) - Net Assets

Latest as of September 2025: CA$33.93 Million CAD ≈ $24.54 Million USD

Based on the latest financial reports, Loncor Resources Inc (LN) has net assets worth CA$33.93 Million CAD (≈ $24.54 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$35.71 Million ≈ $25.83 Million USD) and total liabilities (CA$1.78 Million ≈ $1.29 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. Check Loncor Resources Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Loncor Resources Inc total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see LN stock market capitalisation.

Year Net Assets Change
2024-12-31 CA$18.25 Million
≈ $13.20 Million		 -15.38%
2023-12-31 CA$21.57 Million
≈ $15.60 Million		 -47.64%
2022-12-31 CA$41.19 Million
≈ $29.80 Million		 +7.45%
2021-12-31 CA$38.33 Million
≈ $27.73 Million		 +24.15%
2020-12-31 CA$30.88 Million
≈ $22.34 Million		 +13.16%
2019-12-31 CA$27.29 Million
≈ $19.74 Million		 -3.52%
2018-12-31 CA$28.28 Million
≈ $20.46 Million		 +5.31%
2017-12-31 CA$26.86 Million
≈ $19.43 Million		 +0.75%
2016-12-31 CA$26.66 Million
≈ $19.28 Million		 +1.39%
2015-12-31 CA$26.29 Million
≈ $19.02 Million		 -6.71%
2014-12-31 CA$28.18 Million
≈ $20.39 Million		 -9.03%
2013-12-31 CA$30.98 Million
≈ $22.41 Million		 -46.39%
2012-12-31 CA$57.79 Million
≈ $41.80 Million		 +33.35%
2011-12-31 CA$43.34 Million
≈ $31.35 Million		 +93.15%
2010-12-31 CA$22.44 Million
≈ $16.23 Million		 +603.29%
2009-12-31 CA$3.19 Million
≈ $2.31 Million		 +71.46%
2008-12-31 CA$1.86 Million
≈ $1.35 Million		 +42.28%
2007-12-31 CA$1.31 Million
≈ $946.01K		 -12.41%
2006-12-31 CA$1.49 Million
≈ $1.08 Million		 -7.39%
2005-12-31 CA$1.61 Million
≈ $1.17 Million		 -38.69%
2004-12-31 CA$2.63 Million
≈ $1.90 Million		 +15.79%
2003-12-31 CA$2.27 Million
≈ $1.64 Million		 +26.84%
2002-12-31 CA$1.79 Million
≈ $1.30 Million		 +27.87%
2001-12-31 CA$1.40 Million
≈ $1.01 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
Thien Long Group Corp
VN:TLG
 $183.37 Million
Daewonkangup
KO:000430
 $183.40 Million
Globa Terra Acquisition Corporation Class A Ordinary Shares
NASDAQ:GTERA
 $183.41 Million
The Reject Shop Ltd
AU:TRS
 $183.41 Million
inTest Corporation
NYSE MKT:INTT
 $183.34 Million
Kang Yong Electric Public Company Limited
BK:KYE
 $183.29 Million
Next PLC
LSE:NXT
 $183.25 Million
CB Financial Services Inc
NASDAQ:CBFV
 $183.14 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: $3,760,003,957
  • Average return on equity (ROE) among peers: -45.85%

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 $183.34 Million
Allied Gold Corporation (AAUC) $111.36 Million -6.66% 4.92x $3.60 Billion
Abcourt Mines Inc. (ABI) $7.35 Million -6.57% 0.04x $86.06 Million
Barrick Gold Corp (ABX) $33.26 Billion 6.45% 0.43x $63.93 Billion
American Eagle Gold Corp (AE) $-27.08K 0.00% 0.00x $138.81 Million
Agnico Eagle Mines Limited (AEM) $4.14 Billion 0.59% 0.61x $90.48 Billion
Alamos Gold Inc (AGI) $77.65 Million -12.17% 0.63x $16.27 Billion
AIS Resources Ltd (AIS) $4.30 Million -39.03% 0.30x $1.76 Million
Alliance Mining Corp (ALM) $-3.10 Million 0.00% 0.00x $1.58 Million
Altamira Gold Corp (ALTA) $305.15K -342.52% 0.51x $38.60 Million
Almaden Minerals Ltd (AMM) $5.18 Million -58.59% 0.09x $24.82 Million

About Loncor Resources Inc

TO:LN Canada Gold
Market Cap
$183.34 Million
CA$253.45 Million CAD
Market Cap Rank
#16870 Global
#529 in Canada
Share Price
CA$1.38
Change (1 day)
+0.00%
52-Week Range
CA$0.50 - CA$1.38
All Time High
CA$1.38
Categories
Companies in Canada Gold
About

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