Carlin Gold Corporation (CGD) - Net Assets

Latest as of December 2025: CA$5.35 Million CAD ≈ $3.87 Million USD

Based on the latest financial reports, Carlin Gold Corporation (CGD) has net assets worth CA$5.35 Million CAD (≈ $3.87 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.39 Million ≈ $3.90 Million USD) and total liabilities (CA$44.37K ≈ $32.09K 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 Carlin Gold Corporation asset portfolio for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$5.35 Million
% of Total Assets	99.18%
Annual Growth Rate	15.29%
5-Year Change	213.55%
10-Year Change	161.39%
Growth Volatility	62.48

Carlin Gold Corporation - Net Assets Trend (2000–2025)

This chart illustrates how Carlin Gold Corporation's net assets have evolved over time, based on quarterly financial data. Check Carlin Gold Corporation (CGD) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Carlin Gold Corporation (2000–2025)

The table below shows the annual net assets of Carlin Gold Corporation from 2000 to 2025. For live valuation and market cap data, see Carlin Gold Corporation market capitalisation.

Year	Net Assets	Change
2025-12-31	CA$5.35 Million ≈ $3.87 Million	+35.30%
2024-12-31	CA$3.95 Million ≈ $2.86 Million	-0.23%
2023-12-31	CA$3.96 Million ≈ $2.86 Million	+89.17%
2022-12-31	CA$2.09 Million ≈ $1.51 Million	+22.79%
2021-12-31	CA$1.70 Million ≈ $1.23 Million	+4.78%
2020-12-31	CA$1.63 Million ≈ $1.18 Million	+10.51%
2019-12-31	CA$1.47 Million ≈ $1.07 Million	-5.60%
2018-12-31	CA$1.56 Million ≈ $1.13 Million	-13.61%
2017-12-31	CA$1.81 Million ≈ $1.31 Million	-11.72%
2016-12-31	CA$2.05 Million ≈ $1.48 Million	+16.46%
2015-12-31	CA$1.76 Million ≈ $1.27 Million	-18.49%
2014-12-31	CA$2.15 Million ≈ $1.56 Million	-43.06%
2013-12-31	CA$3.78 Million ≈ $2.74 Million	+11166.64%
2003-12-31	CA$-34.19K ≈ $-24.73K	-208.57%
2002-12-31	CA$31.49K ≈ $22.78K	-59.09%
2001-12-31	CA$76.98K ≈ $55.69K	-49.52%
2000-12-31	CA$152.51K ≈ $110.32K	--

Equity Component Analysis

This analysis shows how different components contribute to Carlin Gold Corporation'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 426215800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CA$12.46 Million	233.11%
Total Equity	CA$5.35 Million	100.00%

Carlin Gold Corporation Competitors by Market Cap

The table below lists competitors of Carlin Gold Corporation ranked by their market capitalization.

Company	Market Cap
Menteng Heritage Realty Tbk PT JK:HRME	$15.36 Million
Primega Group Holdings Limited NASDAQ:ZDAI	$15.36 Million
Tong Hua Holding Public Company Limited BK:TH	$15.37 Million
Desert Mountain Energy Corp V:DME	$15.38 Million
Gold Springs Resource Corp TO:GRC	$15.35 Million
TG Metals Ltd AU:TG6	$15.35 Million
Yellow Cake PLC LSE:YCA	$15.35 Million
Golden Land Bhd KLSE:7382	$15.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Carlin Gold Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,951,147 to 5,345,730, a change of 1,394,583 (35.3%).
Net income of 987,079 contributed positively to equity growth.
New share issuances of 240,000 increased equity.
Other factors increased equity by 167,504.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$987.08K	+18.46%
Share Issuances	CA$240.00K	+4.49%
Other Changes	CA$167.50K	+3.13%
Total Change	CA$-	35.30%

Book Value vs Market Value Analysis

This analysis compares Carlin Gold Corporation'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: 2.89x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 39.41x to 2.89x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CA$0.02	CA$0.80	x
2018-12-31	CA$0.02	CA$0.80	x
2019-12-31	CA$0.02	CA$0.80	x
2020-12-31	CA$0.02	CA$0.80	x
2021-12-31	CA$0.02	CA$0.80	x
2022-12-31	CA$0.02	CA$0.80	x
2023-12-31	CA$0.21	CA$0.80	x
2024-12-31	CA$0.21	CA$0.80	x
2025-12-31	CA$0.28	CA$0.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Carlin Gold Corporation 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): 18.46%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.01x
Recent ROE (18.46%) is above the historical average (-25.26%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	-56.35%	-4311.99%	0.01x	1.15x	CA$-101.19K
2001	-127.98%	0.00%	0.00x	1.57x	CA$-106.23K
2002	-144.46%	-29350.32%	0.00x	1.10x	CA$-48.64K
2003	0.00%	-437880.00%	0.01x	0.00x	CA$-62.26K
2013	-5.62%	0.00%	0.00x	1.01x	CA$-590.86K
2014	-85.84%	0.00%	0.00x	1.01x	CA$-2.06 Million
2015	-8.35%	0.00%	0.00x	1.04x	CA$-322.28K
2016	-16.04%	0.00%	0.00x	1.05x	CA$-532.63K
2017	-24.46%	0.00%	0.00x	1.08x	CA$-622.16K
2018	-15.75%	0.00%	0.00x	1.26x	CA$-401.70K
2019	-5.93%	0.00%	0.00x	1.36x	CA$-234.60K
2020	9.51%	0.00%	0.00x	1.39x	CA$-7.98K
2021	4.56%	0.00%	0.00x	1.42x	CA$-92.71K
2022	18.56%	0.00%	0.00x	1.38x	CA$179.23K
2023	14.22%	0.00%	0.00x	1.01x	CA$167.20K
2024	-3.95%	0.00%	0.00x	1.01x	CA$-551.26K
2025	18.46%	0.00%	0.00x	1.01x	CA$452.51K

Industry Comparison

This section compares Carlin Gold Corporation's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $1,353,474,797
Average return on equity (ROE) among peers: -22.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Carlin Gold Corporation (CGD)	CA$5.35 Million	-56.35%	0.01x	$15.36 Million
Allied Gold Corporation (AAUC)	$416.30 Million	-27.78%	2.17x	$2.59 Billion
Abcourt Mines Inc. (ABI)	$542.08K	-7.78%	0.16x	$60.24 Million
Barrick Gold Corp (ABX)	$12.86 Billion	-22.60%	1.63x	$59.47 Billion
American Eagle Gold Corp (AE)	$3.52 Million	-143.42%	0.34x	$127.56 Million
Agnico Eagle Mines Limited (AEM)	$127.14 Million	11.88%	1.22x	$69.33 Billion
Alamos Gold Inc (AGI)	$74.89 Million	-5.04%	0.01x	$12.03 Billion
AIS Resources Ltd (AIS)	$4.96 Million	-17.19%	0.24x	$2.79 Million
Alliance Mining Corp (ALM)	$-655.60K	0.00%	0.00x	$1.96 Million
Altamira Gold Corp (ALTA)	$18.80 Million	-9.47%	0.04x	$33.26 Million
Almaden Minerals Ltd (AMM)	$27.26 Million	-3.85%	0.03x	$24.82 Million

About Carlin Gold Corporation

V:CGD Canada Gold

Market Cap

$15.36 Million

CA$21.24 Million CAD

Market Cap Rank

#25930 Global

#1030 in Canada

Share Price

CA$0.80

Change (1 day)

+0.00%

52-Week Range

CA$0.16 - CA$0.80

All Time High

CA$0.90