Adex Mining Inc (ADE) - Net Assets
Based on the latest financial reports, Adex Mining Inc (ADE) has net assets worth CA$-32.33 Million CAD (≈ $-23.39 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$1.95 Million ≈ $1.41 Million USD) and total liabilities (CA$34.28 Million ≈ $24.80 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Adex Mining Inc balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-32.33 Million |
| % of Total Assets | -1655.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -302.4% |
| Growth Volatility | 56.98 |
Adex Mining Inc - Net Assets Trend (2013–2024)
This chart illustrates how Adex Mining Inc's net assets have evolved over time, based on quarterly financial data. Also explore ADE total asset value for the complete picture of this company's asset base.
Annual Net Assets for Adex Mining Inc (2013–2024)
The table below shows the annual net assets of Adex Mining Inc from 2013 to 2024. For live valuation and market cap data, see ADE stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-30.95 Million ≈ $-22.39 Million |
-500.74% |
| 2023-12-31 | CA$-5.15 Million ≈ $-3.73 Million |
-17.51% |
| 2022-12-31 | CA$-4.38 Million ≈ $-3.17 Million |
-41.21% |
| 2021-12-31 | CA$-3.11 Million ≈ $-2.25 Million |
-43.88% |
| 2020-12-31 | CA$-2.16 Million ≈ $-1.56 Million |
-50.43% |
| 2019-12-31 | CA$-1.43 Million ≈ $-1.04 Million |
-115.12% |
| 2018-12-31 | CA$-666.88K ≈ $-482.41K |
-718.95% |
| 2017-12-31 | CA$-81.43K ≈ $-58.91K |
-109.68% |
| 2016-12-31 | CA$841.09K ≈ $608.43K |
-94.50% |
| 2015-12-31 | CA$15.29 Million ≈ $11.06 Million |
+27.88% |
| 2014-12-31 | CA$11.96 Million ≈ $8.65 Million |
-12.43% |
| 2013-12-31 | CA$13.66 Million ≈ $9.88 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Adex Mining 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 4943687700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$58.77 Million | % |
| Total Equity | CA$-30.95 Million | 100.00% |
Adex Mining Inc Competitors by Market Cap
The table below lists competitors of Adex Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samhwa Networks Co. Ltd
KQ:046390
|
$27.09 Million |
|
Oka Corporation Bhd
KLSE:7140
|
$27.11 Million |
|
YOC AG
F:YOC
|
$27.15 Million |
|
EZGO Technologies Ltd
NASDAQ:EZGO
|
$27.15 Million |
|
Hitech Group Australia Ltd
AU:HIT
|
$27.09 Million |
|
Rein Therapeutics Inc
NASDAQ:RNTX
|
$27.07 Million |
|
Enra Group Bhd
KLSE:8613
|
$27.06 Million |
|
Q Capital Partners Co. Ltd
KQ:016600
|
$27.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adex Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -5,152,304 to -30,952,003, a change of -25,799,699.
- Net loss of 25,799,699 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-25.80 Million | -83.35% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Adex Mining 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.00 | CA$0.13 | x |
| 2018-12-31 | CA$0.00 | CA$0.13 | x |
| 2019-12-31 | CA$0.00 | CA$0.13 | x |
| 2020-12-31 | CA$0.00 | CA$0.13 | x |
| 2021-12-31 | CA$0.00 | CA$0.13 | x |
| 2022-12-31 | CA$-0.01 | CA$0.13 | x |
| 2023-12-31 | CA$-0.01 | CA$0.13 | x |
| 2024-12-31 | CA$-0.05 | CA$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adex Mining Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-146.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -11.99% | 0.00% | 0.00x | 1.07x | CA$-3.00 Million |
| 2014 | -14.72% | 0.00% | 0.00x | 1.26x | CA$-2.96 Million |
| 2015 | -9.66% | 0.00% | 0.00x | 1.03x | CA$-3.01 Million |
| 2016 | -1718.19% | 0.00% | 0.00x | 2.41x | CA$-14.54 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$930.66K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-518.76K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-624.26K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-507.65K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-636.54K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-841.05K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-252.46K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-22.70 Million |
Industry Comparison
This section compares Adex Mining 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: $58,233,344
- Average return on equity (ROE) among peers: -12.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adex Mining Inc (ADE) | CA$-32.33 Million | -11.99% | N/A | $27.09 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Adex Mining Inc
Adex Mining Inc. engages in exploring and developing mineral properties in Canada. The company primarily explores for tin, indium, zinc, molybdenum, and tungsten deposits. It holds 100% of the subsurface mineral rights to approximately 1,600 hectares comprising the Mount Pleasant mine area of New Brunswick, Canada. The company was founded in 1992 and is based in Toronto, Canada.