GETT Gold Inc
G.E.T.T. Gold Inc. engages in the acquisition, exploration, and development of precious metal assets in Canada. The company holds an interest in the Courville Maruska project covering an area of 6.02 square kilometers located northeast of Val-d'Or. It also provides thermal fragmentation mining technology for the mining industry. The company was formerly known as Nippon Dragon Resources Inc. and c… Read more
GETT Gold Inc (GETT) - Net Assets
Latest net assets as of June 2024: CA$-17.41 Million CAD
Based on the latest financial reports, GETT Gold Inc (GETT) has net assets worth CA$-17.41 Million CAD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.12 Million) and total liabilities (CA$18.53 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-17.41 Million |
| % of Total Assets | -1552.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
GETT Gold Inc - Net Assets Trend (2018–2023)
This chart illustrates how GETT Gold 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 GETT Gold Inc (2018–2023)
The table below shows the annual net assets of GETT Gold Inc from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$-14.00 Million | -503.51% |
| 2022-09-30 | CA$-2.32 Million | +76.01% |
| 2021-09-30 | CA$-9.67 Million | -15.13% |
| 2020-09-30 | CA$-8.40 Million | -44.94% |
| 2019-09-30 | CA$-5.80 Million | -6.31% |
| 2018-09-30 | CA$-5.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GETT Gold 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 1135812900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$62.93 Million | % |
| Total Equity | CA$-14.00 Million | 100.00% |
GETT Gold Inc Competitors by Market Cap
The table below lists competitors of GETT Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maj Invest Big Picture
CO:MAJBPI
|
$290.88K |
|
Eurotex Industries and Exports Limited
NSE:EUROTEXIND
|
$290.91K |
|
Fast Finance SA
WAR:FFI
|
$291.18K |
|
SCANSOURCE (SC3.SG)
STU:SC3
|
$291.25K |
|
ONETECH SOLUTIONS HOLDINGS BERHAD
KLSE:03041
|
$290.82K |
|
Juniper Group Inc
BATS:JUNP
|
$290.80K |
|
MEIDENSHA
BE:MW7
|
$290.25K |
|
VEOM Group S.A.
PA:ALVG
|
$290.12K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GETT Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -2,320,158 to -14,002,332, a change of -11,682,174.
- Net loss of 11,682,174 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-11.68 Million | -83.43% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares GETT Gold Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-09-30 | CA$-0.03 | CA$0.02 | x |
| 2019-09-30 | CA$-0.04 | CA$0.02 | x |
| 2020-09-30 | CA$-0.05 | CA$0.02 | x |
| 2021-09-30 | CA$-0.05 | CA$0.02 | x |
| 2022-09-30 | CA$-0.01 | CA$0.02 | x |
| 2023-09-30 | CA$-0.65 | CA$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GETT Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -101.48% | 1.89x | 0.00x | CA$-54.95K |
| 2019 | 0.00% | -6854.78% | 0.00x | 0.00x | CA$235.48K |
| 2020 | 0.00% | -18088.42% | 0.00x | 0.00x | CA$-1.76 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.11 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$13.38 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-10.28 Million |
Industry Comparison
This section compares GETT Gold Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,323,818
- Average return on equity (ROE) among peers: -12.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GETT Gold Inc (GETT) | CA$-17.41 Million | 0.00% | N/A | $290.82K |
| Athabasca Minerals Inc (ABM) | $14.67 Million | -17.11% | 0.38x | $3.80 Million |
| AIS Resources Ltd (AIS) | $733.20K | -18.86% | 0.02x | $1.22 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $7.66 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.27 Million |
| Argus Metals Corp. (AML) | $-194.53K | 0.00% | 0.00x | $248.82K |
| Antler Gold Inc (ANTL) | $5.56 Million | -15.72% | 0.05x | $3.41 Million |
| Apogee Minerals Ltd (APMI) | $509.07K | -27.00% | 0.02x | $1.15 Million |
| Awale Resources Ltd (ARIC) | $11.21 Million | -15.12% | 0.10x | $38.72 Million |
| Au Gold Corp (AUGC) | $1.73 Million | -6.53% | 0.01x | $4.70 Million |
| AUX Resources Corporation (AUX) | $-1.82 Million | 0.00% | 0.00x | $12.37 Million |