Defense Metals Corp Net Assets
Defense Metals Corp net assets. Based on the latest financial reports, Defense Metals Corp (DEFN) has net assets worth CA$60.83 Million CAD (≈ $44.00 Million 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$62.74 Million ≈ $45.38 Million USD) and total liabilities (CA$1.91 Million ≈ $1.38 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. Also explore DEFN net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$60.83 Million |
| % of Total Assets | 96.95% |
| Annual Growth Rate | 82.25% |
| 5-Year Change | 147.33% |
| 10-Year Change | N/A |
| Growth Volatility | 160.75 |
Net Assets of Defense Metals Corp (2017–2026)
Net assets of Defense Metals Corp from 2017 to 2026. This chart illustrates how Defense Metals Corp's net assets have evolved over time, based on quarterly financial data. See DEFN equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Defense Metals Corp (2017–2026)
The table below shows the annual net assets of Defense Metals Corp from 2017 to 2026. For live market cap and overall valuation, see DEFN company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | CA$60.83 Million ≈ $44.00 Million |
+63.09% |
| 2025-03-31 | CA$37.30 Million ≈ $26.98 Million |
-10.85% |
| 2024-03-31 | CA$41.84 Million ≈ $30.26 Million |
+30.39% |
| 2023-03-31 | CA$32.09 Million ≈ $23.21 Million |
+30.47% |
| 2022-03-31 | CA$24.59 Million ≈ $17.79 Million |
+544.71% |
| 2021-03-31 | CA$3.81 Million ≈ $2.76 Million |
+107.72% |
| 2020-03-31 | CA$1.84 Million ≈ $1.33 Million |
+171.14% |
| 2019-03-31 | CA$677.29K ≈ $489.94K |
+6.57% |
| 2018-03-31 | CA$635.52K ≈ $459.72K |
+131.69% |
| 2017-03-31 | CA$274.29K ≈ $198.42K |
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Equity Component Analysis
This analysis shows how different components contribute to Defense Metals 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 2618655100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Defense Metals Corp Net Assets Breakdown (March 2026)
Defense Metals Corp net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$87.19 Million | 143.34% |
| Total Equity | CA$60.83 Million | 100.00% |
Defense Metals Corp Competitors by Market Cap
The table below lists competitors of Defense Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daewoo Elec Co
KO:009320
|
$29.87 Million |
|
Cassiar Gold Corp
V:GLDC
|
$29.88 Million |
|
Woowon Development Co. Ltd
KQ:046940
|
$29.95 Million |
|
Stadlauer Malzfabrik Aktiengesellschaft
VI:STM
|
$29.96 Million |
|
Bumi Teknokultura Unggul Tbk
JK:BTEK
|
$29.83 Million |
|
Lii Hen Industries Bhd
KLSE:7089
|
$29.83 Million |
|
Qleanair Holding AB
ST:QAIR
|
$29.82 Million |
|
Partnera Oyj
HE:PARTNE1
|
$29.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Defense Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 37,296,378 to 60,826,493, a change of 23,530,115 (63.1%).
- Net loss of 5,195,299 reduced equity.
- New share issuances of 22,168,830 increased equity.
- Other factors increased equity by 6,556,584.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.20 Million | -8.54% |
| Share Issuances | CA$22.17 Million | +36.45% |
| Other Changes | CA$6.56 Million | +10.78% |
| Total Change | CA$- | 63.09% |
Book Value vs Market Value Analysis
This analysis compares Defense Metals 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: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.07x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | CA$0.02 | CA$0.11 | x |
| 2018-03-31 | CA$0.07 | CA$0.11 | x |
| 2019-03-31 | CA$0.04 | CA$0.11 | x |
| 2020-03-31 | CA$0.06 | CA$0.11 | x |
| 2021-03-31 | CA$0.07 | CA$0.11 | x |
| 2022-03-31 | CA$0.26 | CA$0.11 | x |
| 2023-03-31 | CA$0.18 | CA$0.11 | x |
| 2024-03-31 | CA$0.16 | CA$0.11 | x |
| 2025-03-31 | CA$0.14 | CA$0.11 | x |
| 2026-03-31 | CA$0.15 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Defense Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-8.54%) is above the historical average (-55.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -39.44% | 0.00% | 0.00x | 1.06x | CA$-314.23K |
| 2019 | -272.77% | 0.00% | 0.00x | 1.08x | CA$-1.92 Million |
| 2020 | -67.06% | 0.00% | 0.00x | 1.11x | CA$-1.42 Million |
| 2021 | -69.29% | 0.00% | 0.00x | 1.09x | CA$-3.02 Million |
| 2022 | -15.37% | 0.00% | 0.00x | 1.03x | CA$-6.24 Million |
| 2023 | -8.45% | 0.00% | 0.00x | 1.02x | CA$-5.92 Million |
| 2024 | -6.60% | 0.00% | 0.00x | 1.02x | CA$-6.94 Million |
| 2025 | -15.46% | 0.00% | 0.00x | 1.22x | CA$-9.50 Million |
| 2026 | -8.54% | 0.00% | 0.00x | 1.03x | CA$-11.28 Million |
Industry Comparison
This section compares Defense Metals Corp'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: $20,486,864
- Average return on equity (ROE) among peers: -11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Defense Metals Corp (DEFN) | CA$60.83 Million | -39.44% | 0.03x | $29.83 Million |
| Aftermath Silver Ltd (AAG) | $-553.76K | 0.00% | 0.00x | $113.94 Million |
| Aton Resources Inc (AAN) | $-9.99 Million | 0.00% | 0.00x | $31.35 Million |
| Arbor Metals Corp (ABR) | $-81.69K | 0.00% | 0.00x | $4.10 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $1.82 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $61.24 Million |
| Alphamin Res (AFM) | $174.59 Million | 2.85% | 0.82x | $1.16 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $128.73 Million |
| Amarc Resources Ltd. (AHR) | $5.20 Million | -41.43% | 0.02x | $165.20 Million |
| Almonty Industries Inc (AII) | $45.62 Million | -18.06% | 2.51x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $-11.72 Million | 0.00% | 0.00x | $470.67 Million |
About Defense Metals Corp
Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It holds 100% interest in the Wicheeda Project consisting of 6 claims covering an area of 11,800 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp. and changed its name to Defense Metals Corp. in December 2018. The company was in… Read more