Trilogy Metals Inc Net Assets
Trilogy Metals Inc net assets. Based on the latest financial reports, Trilogy Metals Inc (TMQ) has net assets worth CA$115.42 Million CAD (≈ $83.49 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$150.69 Million ≈ $109.01 Million USD) and total liabilities (CA$35.27 Million ≈ $25.52 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. Also explore net asset growth rate of Trilogy Metals Inc to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$115.42 Million |
| % of Total Assets | 76.59% |
| Annual Growth Rate | 27.35% |
| 5-Year Change | -25.41% |
| 10-Year Change | 168.33% |
| Growth Volatility | 300.61 |
Net Assets of Trilogy Metals Inc (2010–2025)
Net assets of Trilogy Metals Inc from 2010 to 2025. This chart illustrates how Trilogy Metals Inc's net assets have evolved over time, based on quarterly financial data. See Trilogy Metals Inc (TMQ) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Trilogy Metals Inc (2010–2025)
The table below shows the annual net assets of Trilogy Metals Inc from 2010 to 2025. For live market cap and overall valuation, see TMQ market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | CA$123.85 Million ≈ $89.59 Million |
-6.74% |
| 2024-11-30 | CA$132.79 Million ≈ $96.06 Million |
-3.46% |
| 2023-11-30 | CA$137.56 Million ≈ $99.51 Million |
-5.41% |
| 2022-11-30 | CA$145.43 Million ≈ $105.20 Million |
-12.41% |
| 2021-11-30 | CA$166.04 Million ≈ $120.11 Million |
-9.67% |
| 2020-11-30 | CA$183.81 Million ≈ $132.97 Million |
+906.47% |
| 2019-11-30 | CA$18.26 Million ≈ $13.21 Million |
-43.29% |
| 2018-11-30 | CA$32.20 Million ≈ $23.29 Million |
+25.47% |
| 2017-11-30 | CA$25.66 Million ≈ $18.57 Million |
-44.39% |
| 2016-11-30 | CA$46.15 Million ≈ $33.39 Million |
-8.48% |
| 2015-11-30 | CA$50.43 Million ≈ $36.48 Million |
+40.68% |
| 2014-11-30 | CA$35.85 Million ≈ $25.93 Million |
-3.53% |
| 2013-11-30 | CA$37.16 Million ≈ $26.88 Million |
-30.84% |
| 2012-11-30 | CA$53.72 Million ≈ $38.86 Million |
+71.91% |
| 2011-11-30 | CA$31.25 Million ≈ $22.61 Million |
+848.15% |
| 2010-11-30 | CA$3.30 Million ≈ $2.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Trilogy Metals 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 11137403400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Trilogy Metals Inc Net Assets Breakdown (November 2025)
Trilogy Metals Inc net assets breakdown by equity component as of November 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$224.74 Million | 181.47% |
| Other Components | CA$31.45 Million | 25.40% |
| Total Equity | CA$123.85 Million | 100.00% |
Trilogy Metals Inc Competitors by Market Cap
The table below lists competitors of Trilogy Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
S.C. CHIMCOMPLEX S.A.
RO:CRC
|
$383.66 Million |
|
Cedar Development Co Ltd
SHE:002485
|
$383.69 Million |
|
Source Capital Closed Fund
NYSE:SOR
|
$383.77 Million |
|
Zuming Bean Products Co Ltd
SHE:003030
|
$383.81 Million |
|
Companhia Brasileira de Distribuição
MX:CBDN
|
$383.53 Million |
|
San Fang Chemical Industry Co Ltd
TW:1307
|
$383.52 Million |
|
Biglari Holdings Inc
NYSE:BH-A
|
$383.47 Million |
|
Beijing Hanyi Innovation Technology Co. Ltd. A
SHE:301270
|
$383.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trilogy Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 132,794,000 to 123,846,852, a change of -8,947,148 (-6.7%).
- Net loss of 42,360,144 reduced equity.
- Share repurchases of 30,010,000 reduced equity.
- New share issuances of 24,325,000 increased equity.
- Other factors increased equity by 39,097,996.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-42.36 Million | -34.2% |
| Share Repurchases | CA$30.01 Million | -24.23% |
| Share Issuances | CA$24.32 Million | +19.64% |
| Other Changes | CA$39.10 Million | +31.57% |
| Total Change | CA$- | -6.74% |
Book Value vs Market Value Analysis
This analysis compares Trilogy Metals 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: 4.09x
- 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 43.46x to 4.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-11-30 | CA$0.07 | CA$3.07 | x |
| 2011-11-30 | CA$0.67 | CA$3.07 | x |
| 2012-11-30 | CA$1.15 | CA$3.07 | x |
| 2013-11-30 | CA$0.71 | CA$3.07 | x |
| 2014-11-30 | CA$0.64 | CA$3.07 | x |
| 2015-11-30 | CA$0.63 | CA$3.07 | x |
| 2016-11-30 | CA$0.44 | CA$3.07 | x |
| 2017-11-30 | CA$0.24 | CA$3.07 | x |
| 2018-11-30 | CA$0.26 | CA$3.07 | x |
| 2019-11-30 | CA$0.14 | CA$3.07 | x |
| 2020-11-30 | CA$1.27 | CA$3.07 | x |
| 2021-11-30 | CA$1.15 | CA$3.07 | x |
| 2022-11-30 | CA$1.00 | CA$3.07 | x |
| 2023-11-30 | CA$0.90 | CA$3.07 | x |
| 2024-11-30 | CA$0.83 | CA$3.07 | x |
| 2025-11-30 | CA$0.75 | CA$3.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trilogy Metals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -34.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.27x
- Recent ROE (-34.20%) is above the historical average (-38.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -101.33% | 0.00% | 0.00x | 8.07x | CA$-3.67 Million |
| 2011 | -36.27% | 0.00% | 0.00x | 1.02x | CA$-14.46 Million |
| 2012 | -57.74% | 0.00% | 0.00x | 1.04x | CA$-36.39 Million |
| 2013 | -65.65% | 0.00% | 0.00x | 1.05x | CA$-28.11 Million |
| 2014 | -26.91% | 0.00% | 0.00x | 1.03x | CA$-13.23 Million |
| 2015 | -18.90% | 0.00% | 0.00x | 1.01x | CA$-14.57 Million |
| 2016 | -10.53% | 0.00% | 0.00x | 1.01x | CA$-9.48 Million |
| 2017 | -82.23% | 0.00% | 0.00x | 1.57x | CA$-23.67 Million |
| 2018 | -67.85% | 0.00% | 0.00x | 1.70x | CA$-25.07 Million |
| 2019 | -152.80% | 0.00% | 0.00x | 2.83x | CA$-29.73 Million |
| 2020 | 88.01% | 0.00% | 0.00x | 1.01x | CA$143.39 Million |
| 2021 | -13.06% | 0.00% | 0.00x | 1.01x | CA$-38.28 Million |
| 2022 | -16.68% | 0.00% | 0.00x | 1.00x | CA$-38.80 Million |
| 2023 | -10.87% | 0.00% | 0.00x | 1.00x | CA$-28.71 Million |
| 2024 | -6.47% | 0.00% | 0.00x | 1.01x | CA$-21.87 Million |
| 2025 | -34.20% | 0.00% | 0.00x | 1.27x | CA$-54.74 Million |
Industry Comparison
This section compares Trilogy Metals Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $20,486,864
- Average return on equity (ROE) among peers: -11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trilogy Metals Inc (TMQ) | CA$115.42 Million | -101.33% | 0.31x | $383.63 Million |
| Aftermath Silver Ltd (AAG) | $-553.76K | 0.00% | 0.00x | $113.94 Million |
| Aton Resources Inc (AAN) | $-9.99 Million | 0.00% | 0.00x | $31.35 Million |
| Arbor Metals Corp (ABR) | $-81.69K | 0.00% | 0.00x | $4.10 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $1.82 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $61.24 Million |
| Alphamin Res (AFM) | $174.59 Million | 2.85% | 0.82x | $1.16 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $128.73 Million |
| Amarc Resources Ltd. (AHR) | $5.20 Million | -41.43% | 0.02x | $165.20 Million |
| Almonty Industries Inc (AII) | $45.62 Million | -18.06% | 2.51x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $-11.72 Million | 0.00% | 0.00x | $470.67 Million |
About Trilogy Metals Inc
Trilogy Metals Inc. engages in the exploration and development of mineral properties in the United States. It primarily explores copper, cobalt, lead, zinc, gold, and silver properties. The company principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted co… Read more