Cartier Resources Inc (ECR) - Net Assets
Based on the latest financial reports, Cartier Resources Inc (ECR) has net assets worth CA$39.36 Million 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$44.82 Million) and total liabilities (CA$5.47 Million). 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$39.36 Million |
| % of Total Assets | 87.81% |
| Annual Growth Rate | 11.16% |
| 5-Year Change | 19.49% |
| 10-Year Change | 312.01% |
| Growth Volatility | 31.6 |
Cartier Resources Inc - Net Assets Trend (2007–2024)
This chart illustrates how Cartier Resources 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 Cartier Resources Inc (2007–2024)
The table below shows the annual net assets of Cartier Resources Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$33.46 Million | -20.55% |
| 2023-12-31 | CA$42.12 Million | +6.61% |
| 2022-12-31 | CA$39.51 Million | +37.41% |
| 2021-12-31 | CA$28.75 Million | +2.66% |
| 2020-12-31 | CA$28.01 Million | +25.26% |
| 2019-12-31 | CA$22.36 Million | +5.64% |
| 2018-12-31 | CA$21.16 Million | -17.60% |
| 2017-12-31 | CA$25.68 Million | +95.22% |
| 2016-12-31 | CA$13.16 Million | +61.99% |
| 2015-12-31 | CA$8.12 Million | -12.35% |
| 2014-12-31 | CA$9.27 Million | -6.28% |
| 2013-12-31 | CA$9.89 Million | -6.84% |
| 2012-12-31 | CA$10.61 Million | -4.94% |
| 2011-12-31 | CA$11.17 Million | +12.21% |
| 2010-12-31 | CA$9.95 Million | +67.07% |
| 2009-12-31 | CA$5.96 Million | +8.28% |
| 2008-12-31 | CA$5.50 Million | -0.70% |
| 2007-12-31 | CA$5.54 Million | -- |
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 3074065100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$64.87 Million | 193.85% |
| Total Equity | CA$33.46 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 |
|---|---|
|
SAURASHTRA CEM B ORD (BSE)
NSE:SAURASHCEM
|
$76.91 Million |
|
Fortune Information Systems Corp
TW:2468
|
$76.93 Million |
|
AXON PARTNERS GRP EO -10
F:XE1
|
$76.97 Million |
|
Northern Technologies
NASDAQ:NTIC
|
$76.98 Million |
|
AVE S.A.
AT:AVE
|
$76.79 Million |
|
PAPOUTSANIS SA NA.EO -54
F:Y2O
|
$76.78 Million |
|
Razor Labs Ltd
TA:RZR
|
$76.72 Million |
|
Altisource Portfolio Solutions SA
NASDAQ:ASPS
|
$76.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cartier Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 42,118,405 to 33,463,316, a change of -8,655,089 (-20.5%).
- Net loss of 10,141,714 reduced equity.
- New share issuances of 1,487,432 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-10.14 Million | -30.31% |
| Share Issuances | CA$1.49 Million | +4.44% |
| Other Changes | CA$-807.00 | -0.0% |
| Total Change | CA$- | -20.55% |
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: 2.62x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.53x to 2.62x 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$0.24 | x |
| 2008-12-31 | CA$0.33 | CA$0.24 | x |
| 2009-12-31 | CA$0.26 | CA$0.24 | x |
| 2010-12-31 | CA$0.34 | CA$0.24 | x |
| 2011-12-31 | CA$0.27 | CA$0.24 | x |
| 2012-12-31 | CA$0.21 | CA$0.24 | x |
| 2013-12-31 | CA$0.17 | CA$0.24 | x |
| 2014-12-31 | CA$0.14 | CA$0.24 | x |
| 2015-12-31 | CA$0.11 | CA$0.24 | x |
| 2016-12-31 | CA$0.15 | CA$0.24 | x |
| 2017-12-31 | CA$0.18 | CA$0.24 | x |
| 2018-12-31 | CA$0.12 | CA$0.24 | x |
| 2019-12-31 | CA$0.12 | CA$0.24 | x |
| 2020-12-31 | CA$0.14 | CA$0.24 | x |
| 2021-12-31 | CA$0.13 | CA$0.24 | x |
| 2022-12-31 | CA$0.15 | CA$0.24 | x |
| 2023-12-31 | CA$0.13 | CA$0.24 | x |
| 2024-12-31 | CA$0.09 | CA$0.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cartier Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -30.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.13x
- Recent ROE (-30.31%) is below the historical average (-12.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -10.58% | 0.00% | 0.00x | 1.10x | CA$-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 |
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: $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 |
|---|---|---|---|---|
| Cartier Resources Inc (ECR) | CA$39.36 Million | -10.58% | 0.14x | $76.87 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 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 Cadillac project located to the east of Val-d'Or, Quebec. The company was incorporated in 2006 and is headquartered in Val-D'or, Canada.