Xtra-Gold Resources Corp (XTG) - Net Assets
Based on the latest financial reports, Xtra-Gold Resources Corp (XTG) has net assets worth CA$16.50 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$19.29 Million) and total liabilities (CA$2.78 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$16.50 Million |
| % of Total Assets | 85.57% |
| Annual Growth Rate | 0.85% |
| 5-Year Change | 37.23% |
| 10-Year Change | 482.56% |
| Growth Volatility | 56.06 |
Xtra-Gold Resources Corp - Net Assets Trend (2005–2024)
This chart illustrates how Xtra-Gold Resources Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xtra-Gold Resources Corp (2005–2024)
The table below shows the annual net assets of Xtra-Gold Resources Corp from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$12.23 Million | +18.29% |
| 2023-12-31 | CA$10.34 Million | -1.27% |
| 2022-12-31 | CA$10.47 Million | +8.71% |
| 2021-12-31 | CA$9.64 Million | +8.09% |
| 2020-12-31 | CA$8.91 Million | +38.59% |
| 2019-12-31 | CA$6.43 Million | +54.37% |
| 2018-12-31 | CA$4.17 Million | +44.43% |
| 2017-12-31 | CA$2.88 Million | +19.73% |
| 2016-12-31 | CA$2.41 Million | +14.74% |
| 2015-12-31 | CA$2.10 Million | -11.99% |
| 2014-12-31 | CA$2.39 Million | -23.07% |
| 2013-12-31 | CA$3.10 Million | -20.58% |
| 2012-12-31 | CA$3.90 Million | -56.15% |
| 2011-12-31 | CA$8.91 Million | -27.87% |
| 2010-12-31 | CA$12.35 Million | +209.02% |
| 2009-12-31 | CA$4.00 Million | +33.06% |
| 2008-12-31 | CA$3.00 Million | +9.53% |
| 2007-12-31 | CA$2.74 Million | -73.85% |
| 2006-12-31 | CA$10.48 Million | +0.61% |
| 2005-12-31 | CA$10.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xtra-Gold Resources Corp'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 1773434500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$45.99K | 0.39% |
| Other Components | CA$31.65 Million | 266.85% |
| Total Equity | CA$11.86 Million | 100.00% |
Xtra-Gold Resources Corp Competitors by Market Cap
The table below lists competitors of Xtra-Gold Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alpha Teknova Inc
NASDAQ:TKNO
|
$108.66 Million |
|
Klil Industries Ltd
TA:KLIL
|
$108.71 Million |
|
Cisadane Sawit Raya Pt
JK:CSRA
|
$108.71 Million |
|
Riber S.A
PA:ALRIB
|
$108.73 Million |
|
Centrica PLC
LSE:CNA
|
$108.60 Million |
|
ADF Group Inc.
TO:DRX
|
$108.58 Million |
|
PT Mulia Industrindo Tbk
JK:MLIA
|
$108.53 Million |
|
Pacific Edge Ltd
AU:PEB
|
$108.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xtra-Gold Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,218,945 to 11,860,673, a change of 1,641,728 (16.1%).
- Net income of 1,675,412 contributed positively to equity growth.
- Share repurchases of 172,823 reduced equity.
- Other factors increased equity by 139,139.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$1.68 Million | +14.13% |
| Share Repurchases | CA$172.82K | -1.46% |
| Other Changes | CA$139.14K | +1.17% |
| Total Change | CA$- | 16.07% |
Book Value vs Market Value Analysis
This analysis compares Xtra-Gold Resources Corp'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: 13.38x
- 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 7.88x to 13.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CA$0.41 | CA$3.24 | x |
| 2006-12-31 | CA$0.39 | CA$3.24 | x |
| 2007-12-31 | CA$0.10 | CA$3.24 | x |
| 2008-12-31 | CA$0.10 | CA$3.24 | x |
| 2009-12-31 | CA$0.12 | CA$3.24 | x |
| 2010-12-31 | CA$0.35 | CA$3.24 | x |
| 2011-12-31 | CA$0.21 | CA$3.24 | x |
| 2012-12-31 | CA$0.11 | CA$3.24 | x |
| 2013-12-31 | CA$0.09 | CA$3.24 | x |
| 2014-12-31 | CA$0.07 | CA$3.24 | x |
| 2015-12-31 | CA$0.07 | CA$3.24 | x |
| 2016-12-31 | CA$0.07 | CA$3.24 | x |
| 2017-12-31 | CA$0.07 | CA$3.24 | x |
| 2018-12-31 | CA$0.10 | CA$3.24 | x |
| 2019-12-31 | CA$0.14 | CA$3.24 | x |
| 2020-12-31 | CA$0.19 | CA$3.24 | x |
| 2021-12-31 | CA$0.20 | CA$3.24 | x |
| 2022-12-31 | CA$0.22 | CA$3.24 | x |
| 2023-12-31 | CA$0.22 | CA$3.24 | x |
| 2024-12-31 | CA$0.24 | CA$3.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xtra-Gold Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.20x
- Recent ROE (14.13%) is above the historical average (-20.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -2.62% | 0.00% | 0.00x | 1.13x | CA$-1.31 Million |
| 2006 | -24.45% | 0.00% | 0.00x | 1.11x | CA$-3.61 Million |
| 2007 | -68.38% | 0.00% | 0.00x | 1.63x | CA$-2.15 Million |
| 2008 | -107.61% | 0.00% | 0.00x | 1.28x | CA$-3.53 Million |
| 2009 | -24.06% | 0.00% | 0.00x | 1.14x | CA$-1.36 Million |
| 2010 | -24.36% | 0.00% | 0.00x | 1.05x | CA$-4.26 Million |
| 2011 | -56.57% | 0.00% | 0.00x | 1.04x | CA$-6.27 Million |
| 2012 | -146.90% | 0.00% | 0.00x | 0.99x | CA$-7.65 Million |
| 2013 | -18.17% | 0.00% | 0.00x | 0.89x | CA$-1.15 Million |
| 2014 | -20.65% | 0.00% | 0.00x | 0.81x | CA$-1.03 Million |
| 2015 | -14.06% | 0.00% | 0.00x | 0.82x | CA$-731.28K |
| 2016 | -14.42% | 0.00% | 0.00x | 0.87x | CA$-814.43K |
| 2017 | 9.58% | 0.00% | 0.00x | 0.90x | CA$-15.41K |
| 2018 | 27.43% | 0.00% | 0.00x | 1.01x | CA$830.05K |
| 2019 | 32.64% | 0.00% | 0.00x | 1.00x | CA$1.56 Million |
| 2020 | 20.16% | 0.00% | 0.00x | 1.01x | CA$937.56K |
| 2021 | 8.51% | 0.00% | 0.00x | 1.09x | CA$-146.70K |
| 2022 | 6.00% | 0.00% | 0.00x | 1.13x | CA$-421.48K |
| 2023 | -1.62% | 0.00% | 0.00x | 1.16x | CA$-1.19 Million |
| 2024 | 14.13% | 0.00% | 0.00x | 1.20x | CA$489.34K |
Industry Comparison
This section compares Xtra-Gold Resources Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xtra-Gold Resources Corp (XTG) | CA$16.50 Million | -2.62% | 0.17x | $108.62 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Xtra-Gold Resources Corp
Xtra-Gold Resources Corp. engages in the exploration and development of gold properties. Its flagship property consists of the Kibi Gold project that includes an area of approximately 225.87 square kilometers located in the Republic of Ghana, West Africa. The company was formerly known as RetinaPharma International, Inc. and changed its name to Xtra-Gold Resources Corp. in December 2003. The comp… Read more