Grit Metals Corp
Grit Metals Corp. operates as a junior mining exploration company. It primarily focuses on the Lithium-Cesium-Tantalum Finnish Pegmatite Project located in central Finland. The company was formerly known as European Energy Metals Corp. and changed its name to Grit Metals Corp. in October 2024. The company was incorporated in 2021 and is based in Vancouver, Canada. Grit Metals Corp. is a subsidiar… Read more
Grit Metals Corp (FIN) - Net Assets
Latest net assets as of February 2024: CA$4.75 Million CAD
Based on the latest financial reports, Grit Metals Corp (FIN) has net assets worth CA$4.75 Million CAD as of February 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.94 Million) and total liabilities (CA$189.18K). 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$4.75 Million |
| % of Total Assets | 96.17% |
| Annual Growth Rate | 116682.95% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36851658.37 |
Grit Metals Corp - Net Assets Trend (2021–2023)
This chart illustrates how Grit Metals Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grit Metals Corp (2021–2023)
The table below shows the annual net assets of Grit Metals Corp from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-05-31 | CA$1.35 Million | +83.26% |
| 2022-05-31 | CA$737.03K | +73703400.00% |
| 2021-05-31 | CA$1.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grit 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 102563100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$2.38 Million | 175.93% |
| Total Equity | CA$1.35 Million | 100.00% |
Grit Metals Corp Competitors by Market Cap
The table below lists competitors of Grit Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MindArk PE AB
ST:MNDRK
|
$1.11K |
|
National Waste Management Holdings Inc
PINK:NWMH
|
$1.11K |
|
EBIQUITY PLC LS-25
F:YO4
|
$1.12K |
|
Arcimoto, Inc.
OTCMKTS:FUVV
|
$1.12K |
|
Induction Healthcare Group PLC
LSE:INHC
|
$1.11K |
|
QINGLING MOTORS -H-
MU:QIN
|
$1.11K |
|
Pakistan Stock Exchange Ltd
KAR:PSX
|
$1.11K |
|
iPeople Inc
PSE:IPO
|
$1.11K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grit Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 737,035 to 1,350,703, a change of 613,668 (83.3%).
- Net loss of 593,480 reduced equity.
- New share issuances of 1,066,671 increased equity.
- Other factors increased equity by 140,477.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-593.48K | -43.94% |
| Share Issuances | CA$1.07 Million | +78.97% |
| Other Changes | CA$140.48K | +10.4% |
| Total Change | CA$- | 83.26% |
Book Value vs Market Value Analysis
This analysis compares Grit 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: 2.77x
- 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 1236301.88x to 2.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-05-31 | CA$0.00 | CA$0.17 | x |
| 2022-05-31 | CA$0.10 | CA$0.17 | x |
| 2023-05-31 | CA$0.06 | CA$0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grit Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -43.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-43.94%) is above the historical average (-51.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -58.63% | 0.00% | 0.00x | 1.11x | CA$-505.85K |
| 2023 | -43.94% | 0.00% | 0.00x | 1.12x | CA$-728.55K |
Industry Comparison
This section compares Grit 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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grit Metals Corp (FIN) | CA$4.75 Million | -58.63% | 0.04x | $1.11K |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |