Queen's Road Capital Investment Ltd. (QRC) - Net Assets
Based on the latest financial reports, Queen's Road Capital Investment Ltd. (QRC) has net assets worth CA$545.72 Million CAD (≈ $394.77 Million USD) as of May 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$583.22 Million ≈ $421.89 Million USD) and total liabilities (CA$37.50 Million ≈ $27.12 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 asset allocation strategy of Queen's Road Capital Investment Ltd. to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$545.72 Million |
| % of Total Assets | 93.57% |
| Annual Growth Rate | 26.82% |
| 5-Year Change | 154.21% |
| 10-Year Change | N/A |
| Growth Volatility | 1422.56 |
Queen's Road Capital Investment Ltd. - Net Assets Trend (2011–2025)
This chart illustrates how Queen's Road Capital Investment Ltd.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Queen's Road Capital Investment Ltd. (QRC) total market value.
Annual Net Assets for Queen's Road Capital Investment Ltd. (2011–2025)
The table below shows the annual net assets of Queen's Road Capital Investment Ltd. from 2011 to 2025. Also explore Queen's Road Capital Investment Ltd. equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | CA$378.91 Million ≈ $274.10 Million |
+51.57% |
| 2024-08-31 | CA$250.00 Million ≈ $180.84 Million |
+5.95% |
| 2023-08-31 | CA$235.95 Million ≈ $170.68 Million |
+2.11% |
| 2022-08-31 | CA$231.08 Million ≈ $167.16 Million |
+55.03% |
| 2021-08-31 | CA$149.05 Million ≈ $107.82 Million |
+87.30% |
| 2020-08-31 | CA$79.58 Million ≈ $57.57 Million |
+5154.92% |
| 2019-08-31 | CA$1.51 Million ≈ $1.10 Million |
-6.67% |
| 2018-08-31 | CA$1.62 Million ≈ $1.17 Million |
-9.32% |
| 2017-08-31 | CA$1.79 Million ≈ $1.29 Million |
+291.44% |
| 2016-08-31 | CA$-934.69K ≈ $-676.14K |
-160.45% |
| 2015-08-31 | CA$-358.87K ≈ $-259.60K |
-102.19% |
| 2014-08-31 | CA$16.41 Million ≈ $11.87 Million |
-10.50% |
| 2013-08-31 | CA$18.34 Million ≈ $13.26 Million |
-16.50% |
| 2012-08-31 | CA$21.96 Million ≈ $15.89 Million |
+61.39% |
| 2011-08-31 | CA$13.61 Million ≈ $9.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Queen's Road Capital Investment Ltd.'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 grown by 16228868800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$160.80 Million | 42.44% |
| Common Stock | CA$202.48 Million | 53.44% |
| Other Comprehensive Income | CA$15.63 Million | 4.12% |
| Total Equity | CA$378.91 Million | 100.00% |
Queen's Road Capital Investment Ltd. Competitors by Market Cap
The table below lists competitors of Queen's Road Capital Investment Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd
SHE:002388
|
$540.31 Million |
|
Qurient Co. Ltd
KQ:115180
|
$540.41 Million |
|
Churchill Capital Corp XI
NASDAQ:CCXI
|
$540.51 Million |
|
First Sensor AG
F:SIS
|
$540.53 Million |
|
S&S TECH Corporation
KQ:101490
|
$540.16 Million |
|
Beijing Sanlian Hope Shin-Gosen Technical Service Co Ltd
SHE:300384
|
$540.10 Million |
|
Chrysos Corporation Ltd
AU:C79
|
$539.98 Million |
|
Share India Securities Limited
NSE:SHAREINDIA
|
$539.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Queen's Road Capital Investment Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 249,997,915 to 378,911,000, a change of 128,913,085 (51.6%).
- Net income of 115,075,000 contributed positively to equity growth.
- Dividend payments of 1,505,000 reduced retained earnings.
- Share repurchases of 964,000 reduced equity.
- New share issuances of 11,025,000 increased equity.
- Other comprehensive income decreased equity by 4,024,119.
- Other factors increased equity by 9,306,204.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$115.08 Million | +30.37% |
| Dividends Paid | CA$1.50 Million | -0.4% |
| Share Repurchases | CA$964.00K | -0.25% |
| Share Issuances | CA$11.03 Million | +2.91% |
| Other Comprehensive Income | CA$-4.02 Million | -1.06% |
| Other Changes | CA$9.31 Million | +2.46% |
| Total Change | CA$- | 51.57% |
Book Value vs Market Value Analysis
This analysis compares Queen's Road Capital Investment Ltd.'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: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 72.30x to 1.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-08-31 | CA$0.19 | CA$13.84 | x |
| 2012-08-31 | CA$28.01 | CA$13.84 | x |
| 2013-08-31 | CA$22.52 | CA$13.84 | x |
| 2014-08-31 | CA$20.15 | CA$13.84 | x |
| 2015-08-31 | CA$-0.42 | CA$13.84 | x |
| 2016-08-31 | CA$-0.71 | CA$13.84 | x |
| 2017-08-31 | CA$0.96 | CA$13.84 | x |
| 2018-08-31 | CA$0.58 | CA$13.84 | x |
| 2019-08-31 | CA$0.47 | CA$13.84 | x |
| 2020-08-31 | CA$4.62 | CA$13.84 | x |
| 2021-08-31 | CA$5.17 | CA$13.84 | x |
| 2022-08-31 | CA$5.94 | CA$13.84 | x |
| 2023-08-31 | CA$4.83 | CA$13.84 | x |
| 2024-08-31 | CA$5.05 | CA$13.84 | x |
| 2025-08-31 | CA$7.31 | CA$13.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Queen's Road Capital Investment Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 360.39%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.08x
- Recent ROE (30.37%) is above the historical average (-3.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -10.93% | 0.00% | 0.00x | 1.04x | CA$-2.85 Million |
| 2012 | -13.57% | 0.00% | 0.00x | 1.02x | CA$-5.18 Million |
| 2013 | -12.79% | 0.00% | 0.00x | 1.02x | CA$-4.18 Million |
| 2014 | -8.71% | 0.00% | 0.00x | 1.02x | CA$-3.07 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-14.18 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-861.53K |
| 2017 | 78.69% | 0.00% | 0.00x | 1.01x | CA$1.23 Million |
| 2018 | -11.71% | 0.00% | 0.00x | 1.01x | CA$-352.26K |
| 2019 | -153.13% | 0.00% | 0.00x | 1.01x | CA$-2.47 Million |
| 2020 | 0.52% | 2.43% | 0.21x | 1.01x | CA$-7.54 Million |
| 2021 | 44.97% | 93.88% | 0.48x | 1.00x | CA$52.12 Million |
| 2022 | -1.51% | -40.94% | 0.04x | 1.01x | CA$-26.59 Million |
| 2023 | 1.84% | 42.20% | 0.04x | 1.01x | CA$-19.25 Million |
| 2024 | 7.21% | 77.75% | 0.08x | 1.13x | CA$-6.96 Million |
| 2025 | 30.37% | 360.39% | 0.08x | 1.08x | CA$77.18 Million |
Industry Comparison
This section compares Queen's Road Capital Investment Ltd.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,401,028,513
- Average return on equity (ROE) among peers: -3.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Queen's Road Capital Investment Ltd. (QRC) | CA$545.72 Million | -10.93% | 0.07x | $540.26 Million |
| Aberdeen International Inc. (AAB) | $65.45 Million | -46.80% | 0.16x | $3.49 Million |
| Base Carbon Inc. (BCBN) | $43.86 Million | -35.28% | 0.01x | $40.85 Million |
| Canadian Banc Corp (BK) | $126.05 Million | 17.14% | 0.90x | $571.47 Million |
| Brookfield Corporation (BN) | $5.78 Billion | 11.23% | 8.27x | $85.27 Billion |
| Sprott Physical Gold and Silver Trust (CEF) | $3.24 Billion | -22.98% | 0.00x | $8.39 Billion |
| Canadian General Investments Ltd (CGI) | $454.78 Million | 9.92% | 0.33x | $769.62 Million |
| CI Financial Corp (CIX) | $1.75 Billion | 28.78% | 0.98x | $3.32 Billion |
| Culico Metals Inc. (CLCO) | $9.66 Million | -14.52% | 0.10x | $25.70 Million |
| Clairvest Group Inc. (CVG) | $1.18 Billion | 28.01% | 0.15x | $774.48 Million |
| Cymbria Corporation (CYB) | $1.36 Billion | -5.91% | 0.05x | $1.10 Billion |
About Queen's Road Capital Investment Ltd.
Queen's Road Capital Investment Ltd., a resource focused investment company, invests in privately held and publicly-traded resource companies. It acquires and holds securities of long-term capital appreciation with a focus on convertible debt securities and resource projects in advanced development or production located in safe jurisdictions. The company was formerly known as Lithion Energy Corp.… Read more