Cartier Resources Inc (ECR) - Net Assets
Based on the latest financial reports, Cartier Resources Inc (ECR) has net assets worth CA$38.93 Million CAD (≈ $28.16 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$44.25 Million ≈ $32.01 Million USD) and total liabilities (CA$5.32 Million ≈ $3.85 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. Check Cartier Resources Inc PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$38.93 Million |
| % of Total Assets | 87.98% |
| Annual Growth Rate | 11.48% |
| 5-Year Change | 36.26% |
| 10-Year Change | 197.76% |
| Growth Volatility | 30.71 |
Cartier Resources Inc - Net Assets Trend (2007–2025)
This chart illustrates how Cartier Resources Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Cartier Resources Inc.
Annual Net Assets for Cartier Resources Inc (2007–2025)
The table below shows the annual net assets of Cartier Resources Inc from 2007 to 2025. Also explore Cartier Resources Inc net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$39.18 Million ≈ $28.34 Million |
+17.07% |
| 2024-12-31 | CA$33.46 Million ≈ $24.21 Million |
-20.55% |
| 2023-12-31 | CA$42.12 Million ≈ $30.47 Million |
+6.61% |
| 2022-12-31 | CA$39.51 Million ≈ $28.58 Million |
+37.41% |
| 2021-12-31 | CA$28.75 Million ≈ $20.80 Million |
+2.66% |
| 2020-12-31 | CA$28.01 Million ≈ $20.26 Million |
+25.26% |
| 2019-12-31 | CA$22.36 Million ≈ $16.17 Million |
+5.64% |
| 2018-12-31 | CA$21.16 Million ≈ $15.31 Million |
-17.60% |
| 2017-12-31 | CA$25.68 Million ≈ $18.58 Million |
+95.22% |
| 2016-12-31 | CA$13.16 Million ≈ $9.52 Million |
+61.99% |
| 2015-12-31 | CA$8.12 Million ≈ $5.88 Million |
-12.35% |
| 2014-12-31 | CA$9.27 Million ≈ $6.70 Million |
-6.28% |
| 2013-12-31 | CA$9.89 Million ≈ $7.15 Million |
-6.84% |
| 2012-12-31 | CA$10.61 Million ≈ $7.68 Million |
-4.94% |
| 2011-12-31 | CA$11.17 Million ≈ $8.08 Million |
+12.21% |
| 2010-12-31 | CA$9.95 Million ≈ $7.20 Million |
+67.07% |
| 2009-12-31 | CA$5.96 Million ≈ $4.31 Million |
+8.28% |
| 2008-12-31 | CA$5.50 Million ≈ $3.98 Million |
-0.70% |
| 2007-12-31 | CA$5.54 Million ≈ $4.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cartier Resources 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 3507970500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$74.92 Million | 191.24% |
| Total Equity | CA$39.18 Million | 100.00% |
Cartier Resources Inc Competitors by Market Cap
The table below lists competitors of Cartier Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nasmedia Co. Ltd
KQ:089600
|
$100.07 Million |
|
Vizsla Copper Corp
V:VCU
|
$100.10 Million |
|
Balyo SA
PA:BALYO
|
$100.24 Million |
|
Biosolution Co.Ltd
KQ:086820
|
$100.24 Million |
|
Premier Technology Public Company Limited
BK:PT
|
$99.99 Million |
|
LOGISTRI FASTIGHETS AB
F:6DV
|
$99.98 Million |
|
Hana Pharm Co Ltd
KO:293480
|
$99.89 Million |
|
SANTA ANA GLOBAL ENTERPRISES, S
MC:STNA
|
$99.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cartier Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,463,316 to 39,175,199, a change of 5,711,883 (17.1%).
- Net loss of 4,339,054 reduced equity.
- New share issuances of 11,398,595 increased equity.
- Other factors decreased equity by 1,347,658.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.34 Million | -11.08% |
| Share Issuances | CA$11.40 Million | +29.1% |
| Other Changes | CA$-1.35 Million | -3.44% |
| Total Change | CA$- | 17.07% |
Book Value vs Market Value Analysis
This analysis compares Cartier Resources 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: 3.52x
- 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 0.68x to 3.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CA$0.46 | CA$0.31 | x |
| 2008-12-31 | CA$0.33 | CA$0.31 | x |
| 2009-12-31 | CA$0.26 | CA$0.31 | x |
| 2010-12-31 | CA$0.34 | CA$0.31 | x |
| 2011-12-31 | CA$0.27 | CA$0.31 | x |
| 2012-12-31 | CA$0.21 | CA$0.31 | x |
| 2013-12-31 | CA$0.17 | CA$0.31 | x |
| 2014-12-31 | CA$0.14 | CA$0.31 | x |
| 2015-12-31 | CA$0.11 | CA$0.31 | x |
| 2016-12-31 | CA$0.15 | CA$0.31 | x |
| 2017-12-31 | CA$0.18 | CA$0.31 | x |
| 2018-12-31 | CA$0.12 | CA$0.31 | x |
| 2019-12-31 | CA$0.12 | CA$0.31 | x |
| 2020-12-31 | CA$0.14 | CA$0.31 | x |
| 2021-12-31 | CA$0.13 | CA$0.31 | x |
| 2022-12-31 | CA$0.15 | CA$0.31 | x |
| 2023-12-31 | CA$0.13 | CA$0.31 | x |
| 2024-12-31 | CA$0.09 | CA$0.31 | x |
| 2025-12-31 | CA$0.09 | CA$0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cartier Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.13x
- Recent ROE (-11.08%) is above the historical average (-12.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -10.58% | 0.00% | 0.00x | 1.10x | CA$-1.14 Million |
| 2008 | -12.55% | 0.00% | 0.00x | 1.12x | CA$-1.24 Million |
| 2009 | -13.36% | 0.00% | 0.00x | 1.15x | CA$-1.39 Million |
| 2010 | -9.02% | 0.00% | 0.00x | 1.13x | CA$-1.89 Million |
| 2011 | -14.46% | 0.00% | 0.00x | 1.23x | CA$-2.73 Million |
| 2012 | -20.06% | 0.00% | 0.00x | 1.25x | CA$-3.19 Million |
| 2013 | -15.56% | 0.00% | 0.00x | 1.26x | CA$-2.53 Million |
| 2014 | -14.54% | 0.00% | 0.00x | 1.26x | CA$-2.27 Million |
| 2015 | -25.09% | 0.00% | 0.00x | 1.25x | CA$-2.85 Million |
| 2016 | -6.30% | 0.00% | 0.00x | 1.20x | CA$-2.14 Million |
| 2017 | -7.27% | 0.00% | 0.00x | 1.15x | CA$-4.44 Million |
| 2018 | -23.57% | 0.00% | 0.00x | 1.10x | CA$-7.11 Million |
| 2019 | -4.41% | 0.00% | 0.00x | 1.14x | CA$-3.22 Million |
| 2020 | -3.04% | 0.00% | 0.00x | 1.21x | CA$-3.65 Million |
| 2021 | -1.01% | 0.00% | 0.00x | 1.16x | CA$-3.17 Million |
| 2022 | -2.82% | 0.00% | 0.00x | 1.14x | CA$-5.06 Million |
| 2023 | -3.30% | 0.00% | 0.00x | 1.12x | CA$-5.60 Million |
| 2024 | -30.31% | 0.00% | 0.00x | 1.13x | CA$-13.49 Million |
| 2025 | -11.08% | 0.00% | 0.00x | 1.13x | CA$-8.26 Million |
Industry Comparison
This section compares Cartier Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $2,590,055,697
- Average return on equity (ROE) among peers: -28.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cartier Resources Inc (ECR) | CA$38.93 Million | -10.58% | 0.14x | $100.05 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $2.96 Billion |
| Abcourt Mines Inc. (ABI) | $21.98 Million | -4.61% | 0.07x | $73.38 Million |
| Barrick Gold Corp (ABX) | $24.51 Billion | -2.71% | 0.93x | $75.04 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $173.44 Million |
| Agnico Eagle Mines Limited (AEM) | $470.23 Million | 10.18% | 0.53x | $103.74 Billion |
| Alamos Gold Inc (AGI) | $783.33 Million | -0.27% | 0.12x | $15.54 Billion |
| AIS Resources Ltd (AIS) | $-1.07 Million | 0.00% | 0.00x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-2.11 Million | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $558.52K | -102.87% | 0.26x | $47.47 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Cartier Resources Inc
Cartier Resources Inc. engages in the acquisition and exploration of mining properties in Canada. The company explores for gold deposits. Its flagship project is the 100%-owned Cadillac project, which consists of 325 exclusive exploration rights covering an area of 14,000 hectares located to the east of the Val-d'Or mining camp, Abitibi, Quebec. The company was formerly known as Investissements S… Read more