Blue Thunder Mining Inc (BLUE) - Net Assets
Based on the latest financial reports, Blue Thunder Mining Inc (BLUE) has net assets worth CA$-212.93K 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$545.82K) and total liabilities (CA$758.75K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-212.93K |
| % of Total Assets | -39.01% |
| Annual Growth Rate | -4.01% |
| 5-Year Change | -93.95% |
| 10-Year Change | N/A |
| Growth Volatility | 161.35 |
Blue Thunder Mining Inc - Net Assets Trend (2017–2024)
This chart illustrates how Blue Thunder Mining Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Blue Thunder Mining Inc (2017–2024)
The table below shows the annual net assets of Blue Thunder Mining Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$141.04K | -69.50% |
| 2023-12-31 | CA$462.44K | +493.71% |
| 2022-12-31 | CA$-117.46K | -107.84% |
| 2021-12-31 | CA$1.50 Million | -35.71% |
| 2020-12-31 | CA$2.33 Million | +356.46% |
| 2019-12-31 | CA$510.39K | +2.10% |
| 2018-12-31 | CA$499.90K | +166.10% |
| 2017-12-31 | CA$187.86K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blue Thunder 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 1147561700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$11.64 Million | 8251.02% |
| Total Equity | CA$141.04K | 100.00% |
Blue Thunder Mining Inc Competitors by Market Cap
The table below lists competitors of Blue Thunder Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Max Resource Corp
V:MAX
|
$12.05 Million |
|
Nur Ink Innovations Ltd
TA:NURI
|
$12.05 Million |
|
Althea Group Holdings Ltd
AU:AGH
|
$12.05 Million |
|
FASING SA
WAR:FSG
|
$12.06 Million |
|
Nanalysis Scientific Corp
V:NSCI
|
$12.04 Million |
|
Farminveste, S.G.P.S., S.A.
LS:MLFMV
|
$12.04 Million |
|
Field Solutions Holdings Ltd
AU:FSG
|
$12.04 Million |
|
ISCC FINTECH SPA
F:L7H
|
$12.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blue Thunder Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 462,444 to 141,041, a change of -321,403 (-69.5%).
- Net loss of 1,681,146 reduced equity.
- New share issuances of 1,500,000 increased equity.
- Other factors decreased equity by 140,257.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.68 Million | -1191.96% |
| Share Issuances | CA$1.50 Million | +1063.52% |
| Other Changes | CA$-140.26K | -99.44% |
| Total Change | CA$- | -69.50% |
Book Value vs Market Value Analysis
This analysis compares Blue Thunder 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
- Current price-to-book ratio: 91.66x
- 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 1.90x to 91.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.08 | CA$0.15 | x |
| 2018-12-31 | CA$0.29 | CA$0.15 | x |
| 2019-12-31 | CA$0.29 | CA$0.15 | x |
| 2020-12-31 | CA$0.17 | CA$0.15 | x |
| 2021-12-31 | CA$0.07 | CA$0.15 | x |
| 2022-12-31 | CA$0.00 | CA$0.15 | x |
| 2023-12-31 | CA$0.01 | CA$0.15 | x |
| 2024-12-31 | CA$0.00 | CA$0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blue Thunder Mining Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1191.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 7.35x
- Recent ROE (-1191.96%) is below the historical average (-232.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -10.99% | 0.00% | 0.00x | 1.11x | CA$-39.44K |
| 2018 | -18.69% | 0.00% | 0.00x | 1.05x | CA$-143.43K |
| 2019 | -193.84% | 0.00% | 0.00x | 1.90x | CA$-1.04 Million |
| 2020 | -129.18% | 0.00% | 0.00x | 1.43x | CA$-3.24 Million |
| 2021 | -153.33% | 0.00% | 0.00x | 1.55x | CA$-2.45 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.26 Million |
| 2023 | -163.90% | 0.00% | 0.00x | 2.53x | CA$-804.18K |
| 2024 | -1191.96% | 0.00% | 0.00x | 7.35x | CA$-1.70 Million |
Industry Comparison
This section compares Blue Thunder Mining Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Thunder Mining Inc (BLUE) | CA$-212.93K | -10.99% | N/A | $12.05 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Blue Thunder Mining Inc
Mines D'Or Orbec Inc. engages in the identification, acquisition, evaluation, and exploration of gold properties in Canada. The company holds a 100% interest in the Muus Gold-Copper project covering an area of approximately 25,250 hectares located in the eastern part of the Abitibi Greenstone Belt in the Province of Québec. The company was formerly known as Blue Thunder Mining Inc. and changed it… Read more