Goldex Resources Corp (GDX) - Net Assets
Based on the latest financial reports, Goldex Resources Corp (GDX) has net assets worth CA$-644.02K CAD (≈ $-465.87K USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.33 Million ≈ $964.93K USD) and total liabilities (CA$1.98 Million ≈ $1.43 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Goldex Resources Corp asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-644.02K |
| % of Total Assets | -48.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -126.11% |
| Growth Volatility | 133.75 |
Goldex Resources Corp - Net Assets Trend (2013–2023)
This chart illustrates how Goldex Resources Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Goldex Resources Corp for the complete picture of this company's asset base.
Annual Net Assets for Goldex Resources Corp (2013–2023)
The table below shows the annual net assets of Goldex Resources Corp from 2013 to 2023. For live valuation and market cap data, see Goldex Resources Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$-274.61K ≈ $-198.65K |
+6.16% |
| 2022-12-31 | CA$-292.63K ≈ $-211.68K |
-365.69% |
| 2021-12-31 | CA$110.14K ≈ $79.67K |
+108.91% |
| 2020-12-31 | CA$-1.24 Million ≈ $-894.53K |
-12.63% |
| 2019-12-31 | CA$-1.10 Million ≈ $-794.25K |
-19.02% |
| 2018-12-31 | CA$-922.52K ≈ $-667.34K |
-44.30% |
| 2017-12-31 | CA$-639.30K ≈ $-462.46K |
+2.70% |
| 2016-12-31 | CA$-657.04K ≈ $-475.29K |
+30.29% |
| 2015-12-31 | CA$-942.58K ≈ $-681.85K |
-189.64% |
| 2014-12-31 | CA$1.05 Million ≈ $760.68K |
-38.38% |
| 2013-12-31 | CA$1.71 Million ≈ $1.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goldex Resources 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 677686100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$26.98 Million | % |
| Total Equity | CA$-274.61K | 100.00% |
Goldex Resources Corp Competitors by Market Cap
The table below lists competitors of Goldex Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winsome Yarns Limited
NSE:WINSOME
|
$1.44 Million |
|
Lionmesh Prima Tbk
JK:LMSH
|
$1.44 Million |
|
Antarctica Limited
NSE:ANTGRAPHIC
|
$1.44 Million |
|
LANSDOWNE OIL+GAS LS-001
F:L2J
|
$1.44 Million |
|
FDM Group Holdings PLC
LSE:FDM
|
$1.43 Million |
|
3 E Network Technology Group Ltd Class A Ordinary Shares
NASDAQ:MASK
|
$1.43 Million |
|
Thrive Tribe Technologies Ltd
AU:1TT
|
$1.43 Million |
|
Reneuco Berhad
KLSE:7130
|
$1.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldex Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -292,629 to -274,607, a change of 18,022.
- Net loss of 1,719,988 reduced equity.
- New share issuances of 187,887 increased equity.
- Other factors increased equity by 1,550,123.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.72 Million | -626.35% |
| Share Issuances | CA$187.89K | +68.42% |
| Other Changes | CA$1.55 Million | +564.49% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Goldex Resources 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-0.06 | CA$0.06 | x |
| 2018-12-31 | CA$-0.07 | CA$0.06 | x |
| 2019-12-31 | CA$-0.08 | CA$0.06 | x |
| 2020-12-31 | CA$-0.08 | CA$0.06 | x |
| 2021-12-31 | CA$0.01 | CA$0.06 | x |
| 2022-12-31 | CA$-0.01 | CA$0.06 | x |
| 2023-12-31 | CA$-0.01 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldex Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (38.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -85.98% | 0.00% | 0.00x | 1.86x | CA$-1.64 Million |
| 2014 | -68.53% | 0.00% | 0.00x | 2.70x | CA$-825.74K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.95 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-224.61K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-595.06K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-945.44K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-178.98K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-150.14K |
| 2021 | 578.11% | 0.00% | 0.00x | 13.00x | CA$625.73K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-424.94K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.69 Million |
Industry Comparison
This section compares Goldex Resources Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,534,498,549
- Average return on equity (ROE) among peers: -16.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldex Resources Corp (GDX) | CA$-644.02K | -85.98% | N/A | $1.44 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $25.14 Million | 6.90% | 0.34x | $86.06 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $152.14 Million | 0.14% | 0.98x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $2.74 Billion | -2.44% | 0.32x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-1.62 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About Goldex Resources Corp
Goldex Resources Corporation, through its subsidiaries, engages in the acquisition and exploration of mineral properties in Canada and Guatemala. It primarily explores for gold deposits. The company was incorporated in 1987 and is headquartered in Vancouver, Canada.