Torex Gold Resources Inc (TXG) - Net Assets
Based on the latest financial reports, Torex Gold Resources Inc (TXG) has net assets worth CA$2.52 Billion CAD (≈ $1.82 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.01 Billion ≈ $2.17 Billion USD) and total liabilities (CA$486.90 Million ≈ $352.22 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 Torex Gold Resources Inc (TXG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.52 Billion |
| % of Total Assets | 83.8% |
| Annual Growth Rate | N/A |
| 5-Year Change | 120.12% |
| 10-Year Change | 254.17% |
| Growth Volatility | 1591.47 |
Torex Gold Resources Inc - Net Assets Trend (2001–2025)
This chart illustrates how Torex Gold Resources Inc's net assets have evolved over time, based on quarterly financial data. See Torex Gold Resources Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Torex Gold Resources Inc (2001–2025)
The table below shows the annual net assets of Torex Gold Resources Inc from 2001 to 2025. For live valuation and market cap data, see TXG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$2.42 Billion ≈ $1.75 Billion |
+48.52% |
| 2024-12-31 | CA$1.63 Billion ≈ $1.18 Billion |
+9.08% |
| 2023-12-31 | CA$1.50 Billion ≈ $1.08 Billion |
+15.89% |
| 2022-12-31 | CA$1.29 Billion ≈ $933.24 Million |
+17.24% |
| 2021-12-31 | CA$1.10 Billion ≈ $796.01 Million |
+16.31% |
| 2020-12-31 | CA$946.10 Million ≈ $684.39 Million |
+13.33% |
| 2019-12-31 | CA$834.80 Million ≈ $603.88 Million |
+9.90% |
| 2018-12-31 | CA$759.60 Million ≈ $549.48 Million |
+11.82% |
| 2017-12-31 | CA$679.30 Million ≈ $491.40 Million |
-0.67% |
| 2016-12-31 | CA$683.90 Million ≈ $494.72 Million |
+2.05% |
| 2015-12-31 | CA$670.14 Million ≈ $484.77 Million |
-3.27% |
| 2014-12-31 | CA$692.79 Million ≈ $501.15 Million |
+29.63% |
| 2013-12-31 | CA$534.43 Million ≈ $386.60 Million |
-14.33% |
| 2012-12-31 | CA$623.86 Million ≈ $451.29 Million |
+142.75% |
| 2011-12-31 | CA$257.00 Million ≈ $185.91 Million |
-9.76% |
| 2010-12-31 | CA$284.80 Million ≈ $206.02 Million |
+7398.61% |
| 2009-12-31 | CA$3.80 Million ≈ $2.75 Million |
+8.74% |
| 2008-12-31 | CA$3.49 Million ≈ $2.53 Million |
-24.55% |
| 2007-12-31 | CA$4.63 Million ≈ $3.35 Million |
+1613.99% |
| 2006-12-31 | CA$270.09K ≈ $195.38K |
+715.57% |
| 2005-12-31 | CA$33.12K ≈ $23.96K |
-67.57% |
| 2004-12-31 | CA$102.10K ≈ $73.86K |
+423.97% |
| 2003-12-31 | CA$-31.52K ≈ $-22.80K |
+29.69% |
| 2002-12-31 | CA$-44.83K ≈ $-32.43K |
-329.21% |
| 2001-12-31 | CA$-10.44K ≈ $-7.56K |
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Equity Component Analysis
This analysis shows how different components contribute to Torex Gold 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 grown by 100330408812.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$997.98 Million | 41.20% |
| Common Stock | CA$1.45 Billion | 59.98% |
| Other Comprehensive Income | CA$-56.50 Million | -2.33% |
| Other Components | CA$27.95 Million | 1.15% |
| Total Equity | CA$2.42 Billion | 100.00% |
Torex Gold Resources Inc Competitors by Market Cap
The table below lists competitors of Torex Gold Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rush Enterprises A Inc
NASDAQ:RUSHA
|
$4.07 Billion |
|
Antar Chile
SN:ANTARCHILE
|
$4.07 Billion |
|
Sinomach Heavy Equipment Group Co Ltd
SHG:601399
|
$4.07 Billion |
|
JK Cement Limited
NSE:JKCEMENT
|
$4.08 Billion |
|
Seazen Holdings Co Ltd
SHG:601155
|
$4.07 Billion |
|
Yuhan Corp.
KO:000100
|
$4.07 Billion |
|
Shenzhen Colibri Technologies Co Ltd
SHE:002957
|
$4.06 Billion |
|
Eagers Automotive Ltd
AU:APE
|
$4.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Torex Gold Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,630,900,000 to 2,422,183,951, a change of 791,283,951 (48.5%).
- Net income of 410,461,731 contributed positively to equity growth.
- Dividend payments of 10,378,556 reduced retained earnings.
- Share repurchases of 34,493,437 reduced equity.
- Other comprehensive income increased equity by 103,004.
- Other factors increased equity by 425,591,209.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$410.46 Million | +16.95% |
| Dividends Paid | CA$10.38 Million | -0.43% |
| Share Repurchases | CA$34.49 Million | -1.42% |
| Other Comprehensive Income | CA$103.00K | +0.0% |
| Other Changes | CA$425.59 Million | +17.57% |
| Total Change | CA$- | 48.52% |
Book Value vs Market Value Analysis
This analysis compares Torex Gold 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: 2.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$-0.01 | CA$60.27 | x |
| 2002-12-31 | CA$-0.06 | CA$60.27 | x |
| 2003-12-31 | CA$-0.04 | CA$60.27 | x |
| 2004-12-31 | CA$0.12 | CA$60.27 | x |
| 2005-12-31 | CA$0.04 | CA$60.27 | x |
| 2006-12-31 | CA$0.15 | CA$60.27 | x |
| 2007-12-31 | CA$2.12 | CA$60.27 | x |
| 2008-12-31 | CA$1.21 | CA$60.27 | x |
| 2009-12-31 | CA$1.32 | CA$60.27 | x |
| 2010-12-31 | CA$10.61 | CA$60.27 | x |
| 2011-12-31 | CA$7.38 | CA$60.27 | x |
| 2012-12-31 | CA$10.29 | CA$60.27 | x |
| 2013-12-31 | CA$8.82 | CA$60.27 | x |
| 2014-12-31 | CA$9.43 | CA$60.27 | x |
| 2015-12-31 | CA$8.53 | CA$60.27 | x |
| 2016-12-31 | CA$8.57 | CA$60.27 | x |
| 2017-12-31 | CA$8.51 | CA$60.27 | x |
| 2018-12-31 | CA$8.99 | CA$60.27 | x |
| 2019-12-31 | CA$9.73 | CA$60.27 | x |
| 2020-12-31 | CA$10.99 | CA$60.27 | x |
| 2021-12-31 | CA$12.77 | CA$60.27 | x |
| 2022-12-31 | CA$14.99 | CA$60.27 | x |
| 2023-12-31 | CA$17.30 | CA$60.27 | x |
| 2024-12-31 | CA$18.77 | CA$60.27 | x |
| 2025-12-31 | CA$27.17 | CA$60.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Torex Gold Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.90%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.25x
- Recent ROE (16.95%) is above the historical average (-17.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-267.31K |
| 2002 | 0.00% | -54390.25% | 0.01x | 0.00x | CA$-29.71K |
| 2003 | 0.00% | -12924.99% | 0.02x | 0.00x | CA$-53.84K |
| 2004 | -210.62% | -44089.32% | 0.00x | 1.01x | CA$-225.26K |
| 2005 | -217.66% | -13875.86% | 0.01x | 1.17x | CA$-75.39K |
| 2006 | -25.44% | 0.00% | 0.00x | 1.02x | CA$-95.73K |
| 2007 | -4.41% | 0.00% | 0.00x | 1.00x | CA$-667.24K |
| 2008 | -6.90% | 0.00% | 0.00x | 1.00x | CA$-590.35K |
| 2009 | -25.08% | 0.00% | 0.00x | 1.13x | CA$-1.33 Million |
| 2010 | -5.66% | 0.00% | 0.00x | 1.26x | CA$-44.59 Million |
| 2011 | -10.67% | 0.00% | 0.00x | 1.26x | CA$-53.13 Million |
| 2012 | -10.51% | 0.00% | 0.00x | 1.01x | CA$-127.94 Million |
| 2013 | -12.53% | 0.00% | 0.00x | 1.06x | CA$-120.41 Million |
| 2014 | -3.80% | 0.00% | 0.00x | 1.12x | CA$-95.57 Million |
| 2015 | -3.67% | 0.00% | 0.00x | 1.67x | CA$-91.59 Million |
| 2016 | 0.47% | 1.02% | 0.26x | 1.76x | CA$-65.19 Million |
| 2017 | -1.85% | -4.00% | 0.27x | 1.72x | CA$-80.53 Million |
| 2018 | 3.05% | 5.24% | 0.35x | 1.67x | CA$-52.76 Million |
| 2019 | 8.53% | 11.11% | 0.52x | 1.47x | CA$-12.28 Million |
| 2020 | 11.52% | 13.81% | 0.63x | 1.32x | CA$14.39 Million |
| 2021 | 13.79% | 17.73% | 0.63x | 1.23x | CA$41.66 Million |
| 2022 | 14.63% | 21.74% | 0.55x | 1.24x | CA$59.79 Million |
| 2023 | 13.67% | 23.16% | 0.48x | 1.23x | CA$54.89 Million |
| 2024 | 8.25% | 12.07% | 0.52x | 1.31x | CA$-28.49 Million |
| 2025 | 16.95% | 30.90% | 0.44x | 1.25x | CA$168.24 Million |
Industry Comparison
This section compares Torex Gold Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Torex Gold Resources Inc (TXG) | CA$2.52 Billion | 0.00% | 0.19x | $4.07 Billion |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Torex Gold Resources Inc
Torex Gold Resources Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States. The company explores for gold, copper, silver, and carbon deposits. Its flagship project is a 100% owned Morelos Complex covering an area of 29,000 hectares located in Guerrero, Mexico. The company was formerly known as Gleichen … Read more