E2Gold Inc (ETU) - Net Assets

Latest as of April 2025: CA$-1.61 Million CAD

Based on the latest financial reports, E2Gold Inc (ETU) has net assets worth CA$-1.61 Million CAD as of April 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$186.11K) and total liabilities (CA$1.80 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$-1.61 Million
% of Total Assets	-865.37%
Annual Growth Rate	N/A
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	2894.53

E2Gold Inc - Net Assets Trend (2020–2024)

This chart illustrates how E2Gold 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 E2Gold Inc (2020–2024)

The table below shows the annual net assets of E2Gold Inc from 2020 to 2024.

Year	Net Assets	Change
2024-07-31	CA$-1.19 Million	-44.28%
2023-07-31	CA$-825.64K	-141.87%
2022-07-31	CA$1.97 Million	-60.29%
2021-07-31	CA$4.97 Million	+6038.74%
2020-07-31	CA$80.89K	--

Equity Component Analysis

This analysis shows how different components contribute to E2Gold 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 1069166900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (July 2024)

Component	Amount	Percentage
Other Components	CA$9.86 Million	%
Total Equity	CA$-1.19 Million	100.00%

E2Gold Inc Competitors by Market Cap

The table below lists competitors of E2Gold Inc ranked by their market capitalization.

Company	Market Cap
Plantify Foods Inc. V:PTFY	$830.37K
Bardella SA Industrias Mecanicas SA:BDLL3	$835.19K
Aloro Mining Corp V:AORO	$835.21K
ITAG IND SA:ITAG	$837.23K
Centurion Minerals Ltd V:CTN	$829.75K
Encanto Potash Corp V:EPO-H	$827.03K
ZoomAway Travel Inc V:ZMA	$826.95K
Kodal Minerals PLC LSE:KOD	$826.64K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in E2Gold Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from -825,644 to -1,191,274, a change of -365,630.
Net loss of 1,547,131 reduced equity.
New share issuances of 935,000 increased equity.
Other factors increased equity by 246,501.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-1.55 Million	-129.87%
Share Issuances	CA$935.00K	+78.49%
Other Changes	CA$246.50K	+20.69%
Total Change	CA$-	%

Book Value vs Market Value Analysis

This analysis compares E2Gold 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

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2020-07-31	CA$0.00	CA$0.01	x
2021-07-31	CA$0.05	CA$0.01	x
2022-07-31	CA$0.01	CA$0.01	x
2023-07-31	CA$0.00	CA$0.01	x
2024-07-31	CA$-0.01	CA$0.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently E2Gold 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): 0.00%
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: 0.00x
Recent ROE (0.00%) is above the historical average (-175.81%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2020	-443.84%	0.00%	0.00x	2.29x	CA$-367.09K
2021	-57.26%	0.00%	0.00x	1.26x	CA$-3.34 Million
2022	-377.95%	0.00%	0.00x	1.38x	CA$-7.65 Million
2023	0.00%	0.00%	0.00x	0.00x	CA$-3.33 Million
2024	0.00%	0.00%	0.00x	0.00x	CA$-1.43 Million

Industry Comparison

This section compares E2Gold 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
E2Gold Inc (ETU)	CA$-1.61 Million	-443.84%	N/A	$830.10K
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 E2Gold Inc

V:ETU Canada Gold

Market Cap

$830.10K

CA$1.15 Million CAD

Market Cap Rank

#34474 Global

#1806 in Canada

Share Price

CA$0.01

Change (1 day)

+0.00%

52-Week Range

CA$0.01 - CA$0.01

All Time High

CA$0.29