Glen Eagle Resources Inc (GER) - Net Assets
Based on the latest financial reports, Glen Eagle Resources Inc (GER) has net assets worth CA$-952.83K CAD (≈ $-689.26K USD) as of September 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.13 Million ≈ $2.26 Million USD) and total liabilities (CA$4.08 Million ≈ $2.95 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GER cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-952.83K |
| % of Total Assets | -30.43% |
| Annual Growth Rate | -1.68% |
| 5-Year Change | -78.14% |
| 10-Year Change | -80.9% |
| Growth Volatility | 102.72 |
Glen Eagle Resources Inc - Net Assets Trend (2001–2022)
This chart illustrates how Glen Eagle Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore GER total asset value for the complete picture of this company's asset base.
Annual Net Assets for Glen Eagle Resources Inc (2001–2022)
The table below shows the annual net assets of Glen Eagle Resources Inc from 2001 to 2022. For live valuation and market cap data, see GER company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | CA$905.45K ≈ $654.99K |
-14.61% |
| 2021-12-31 | CA$1.06 Million ≈ $767.07K |
-2.65% |
| 2020-12-31 | CA$1.09 Million ≈ $787.93K |
-36.81% |
| 2019-12-31 | CA$1.72 Million ≈ $1.25 Million |
-58.38% |
| 2018-12-31 | CA$4.14 Million ≈ $3.00 Million |
-6.47% |
| 2017-12-31 | CA$4.43 Million ≈ $3.20 Million |
-17.69% |
| 2016-12-31 | CA$5.38 Million ≈ $3.89 Million |
+28.53% |
| 2015-12-31 | CA$4.19 Million ≈ $3.03 Million |
-19.08% |
| 2014-12-31 | CA$5.17 Million ≈ $3.74 Million |
+9.10% |
| 2013-12-31 | CA$4.74 Million ≈ $3.43 Million |
+2.64% |
| 2012-12-31 | CA$4.62 Million ≈ $3.34 Million |
+16.01% |
| 2011-12-31 | CA$3.98 Million ≈ $2.88 Million |
+328.29% |
| 2010-12-31 | CA$929.62K ≈ $672.47K |
+639.85% |
| 2009-12-31 | CA$-172.20K ≈ $-124.57K |
-284.65% |
| 2008-12-31 | CA$93.26K ≈ $67.46K |
-83.12% |
| 2007-12-31 | CA$552.64K ≈ $399.77K |
+29.44% |
| 2006-12-31 | CA$426.94K ≈ $308.84K |
+48.87% |
| 2005-12-31 | CA$286.80K ≈ $207.47K |
-8.16% |
| 2004-12-31 | CA$312.27K ≈ $225.89K |
-73.94% |
| 2003-12-31 | CA$1.20 Million ≈ $866.91K |
-20.87% |
| 2002-12-31 | CA$1.51 Million ≈ $1.10 Million |
+17.29% |
| 2001-12-31 | CA$1.29 Million ≈ $934.01K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Glen Eagle 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 1809319700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$30.96 Million | 3419.49% |
| Other Comprehensive Income | CA$-110.87K | -12.24% |
| Other Components | CA$5.20 Million | 574.29% |
| Total Equity | CA$905.45K | 100.00% |
Glen Eagle Resources Inc Competitors by Market Cap
The table below lists competitors of Glen Eagle Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Upgrade Invest Nordic AB
ST:UPGRAD
|
$715.69K |
|
ProstaLund AB
ST:PLUN
|
$716.78K |
|
Kollect on Demand Holding Ab
ST:KOLL
|
$719.15K |
|
M.T.I Wireless Edge Ltd
LSE:MWE
|
$723.64K |
|
CERo Therapeutics Holdings, Inc. Common Stock
NASDAQ:CERO
|
$715.38K |
|
MicroStrategy Incorporated 10.00% Series A Perpetual Stride Preferred Stock
NASDAQ:STRD
|
$715.17K |
|
Founder Group Limited Ordinary Shares
NASDAQ:FGL
|
$714.45K |
|
HSS Hire Group PLC
LSE:HSS
|
$713.55K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Glen Eagle Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 1,060,389 to 905,450, a change of -154,939 (-14.6%).
- Net loss of 831,083 reduced equity.
- New share issuances of 543,541 increased equity.
- Other comprehensive income increased equity by 132,603.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-831.08K | -91.79% |
| Share Issuances | CA$543.54K | +60.03% |
| Other Comprehensive Income | CA$132.60K | +14.64% |
| Total Change | CA$- | -14.61% |
Book Value vs Market Value Analysis
This analysis compares Glen Eagle 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: 1.56x
- 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 0.05x to 1.56x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$0.20 | CA$0.01 | x |
| 2002-12-31 | CA$0.15 | CA$0.01 | x |
| 2003-12-31 | CA$0.11 | CA$0.01 | x |
| 2004-12-31 | CA$0.00 | CA$0.01 | x |
| 2005-12-31 | CA$0.00 | CA$0.01 | x |
| 2006-12-31 | CA$0.03 | CA$0.01 | x |
| 2007-12-31 | CA$0.03 | CA$0.01 | x |
| 2008-12-31 | CA$0.00 | CA$0.01 | x |
| 2009-12-31 | CA$-0.01 | CA$0.01 | x |
| 2010-12-31 | CA$0.03 | CA$0.01 | x |
| 2011-12-31 | CA$0.11 | CA$0.01 | x |
| 2012-12-31 | CA$0.10 | CA$0.01 | x |
| 2013-12-31 | CA$0.10 | CA$0.01 | x |
| 2014-12-31 | CA$0.10 | CA$0.01 | x |
| 2015-12-31 | CA$0.06 | CA$0.01 | x |
| 2016-12-31 | CA$0.06 | CA$0.01 | x |
| 2017-12-31 | CA$0.06 | CA$0.01 | x |
| 2018-12-31 | CA$0.05 | CA$0.01 | x |
| 2019-12-31 | CA$0.02 | CA$0.01 | x |
| 2020-12-31 | CA$0.01 | CA$0.01 | x |
| 2021-12-31 | CA$0.01 | CA$0.01 | x |
| 2022-12-31 | CA$0.01 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Glen Eagle Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -91.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -93.46%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 5.22x
- Recent ROE (-91.79%) is above the historical average (-108.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -309.07% | 0.00% | 0.00x | 1.33x | CA$-4.12 Million |
| 2002 | -30.54% | 0.00% | 0.00x | 1.53x | CA$-614.02K |
| 2003 | -104.35% | 0.00% | 0.00x | 1.58x | CA$-1.37 Million |
| 2004 | -283.78% | -2215347.50% | 0.00x | 1.73x | CA$-917.37K |
| 2005 | -8.88% | 0.00% | 0.00x | 1.26x | CA$-54.15K |
| 2006 | -121.11% | 0.00% | 0.00x | 1.06x | CA$-559.77K |
| 2007 | -54.54% | 0.00% | 0.00x | 1.07x | CA$-356.66K |
| 2008 | -818.42% | -13406.82% | 0.04x | 1.53x | CA$-772.58K |
| 2009 | 0.00% | -1230042.22% | 0.00x | 0.00x | CA$-536.30K |
| 2010 | 41.01% | 73734.24% | 0.00x | 1.09x | CA$288.24K |
| 2011 | -17.46% | 0.00% | 0.00x | 1.18x | CA$-1.09 Million |
| 2012 | 3.00% | 0.00% | 0.00x | 1.04x | CA$-323.39K |
| 2013 | -14.96% | 0.00% | 0.00x | 1.04x | CA$-1.18 Million |
| 2014 | -16.75% | 0.00% | 0.00x | 1.09x | CA$-1.38 Million |
| 2015 | -52.53% | 0.00% | 0.00x | 1.46x | CA$-2.61 Million |
| 2016 | 13.43% | 0.00% | 0.00x | 1.10x | CA$184.63K |
| 2017 | -27.95% | -98.59% | 0.24x | 1.17x | CA$-1.68 Million |
| 2018 | -15.76% | -30.94% | 0.40x | 1.29x | CA$-1.07 Million |
| 2019 | -60.84% | -49.97% | 0.58x | 2.08x | CA$-1.22 Million |
| 2020 | -151.51% | -211.94% | 0.23x | 3.06x | CA$-1.76 Million |
| 2021 | -261.11% | -664.04% | 0.12x | 3.23x | CA$-2.87 Million |
| 2022 | -91.79% | -93.46% | 0.19x | 5.22x | CA$-921.63K |
Industry Comparison
This section compares Glen Eagle Resources Inc'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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Glen Eagle Resources Inc (GER) | CA$-952.83K | -309.07% | N/A | $715.41K |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Glen Eagle Resources Inc
Glen Eagle Resources Inc. engages in the acquisition, exploration, development, and evaluation of mining properties in Canada and Honduras. It is also involved in the recovery of gold and silver from tailings and rocks. The company holds 80% interest in Piedra Dorada mining concession located in the mining district of El Corpus in Honduras. Glen Eagle Resources Inc. was incorporated in 1988 and i… Read more