GETT Gold Inc (GETT) - Net Assets

Latest as of June 2024: CA$-17.41 Million CAD ≈ $-12.59 Million USD

Based on the latest financial reports, GETT Gold Inc (GETT) has net assets worth CA$-17.41 Million CAD (≈ $-12.59 Million USD) 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 ≈ $810.83K USD) and total liabilities (CA$18.53 Million ≈ $13.40 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. Read GETT Gold Inc debt and liabilities for a breakdown of total debt and financial obligations.

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. Also explore GETT total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see GETT Gold Inc stock valuation.

Year	Net Assets	Change
2023-09-30	CA$-14.00 Million ≈ $-10.13 Million	-503.51%
2022-09-30	CA$-2.32 Million ≈ $-1.68 Million	+76.01%
2021-09-30	CA$-9.67 Million ≈ $-7.00 Million	-15.13%
2020-09-30	CA$-8.40 Million ≈ $-6.08 Million	-44.94%
2019-09-30	CA$-5.80 Million ≈ $-4.19 Million	-6.31%
2018-09-30	CA$-5.45 Million ≈ $-3.94 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
Oxurion NV BR:OXUR	$311.42K
Montfort Capital Corp V:MONT	$313.70K
Rivalry Corp V:RVLY	$315.65K
Exploitasi Energi Indonesia JK:CNKO	$316.71K
Subsea 7 SA LSE:0OGK	$309.59K
IO Biotech Inc NASDAQ:IOBT	$309.38K
Cadence Minerals PLC LSE:KDNC	$308.47K
SkinBioTherapeutics PLC LSE:SBTX	$307.45K

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: $627,251,650
Average return on equity (ROE) among peers: -105.95%

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	$309.68K
Allied Gold Corporation (AAUC)	$111.36 Million	-6.66%	4.92x	$3.66 Billion
Abcourt Mines Inc. (ABI)	$31.66 Million	1.13%	0.45x	$81.76 Million
Barrick Gold Corp (ABX)	$-1.58 Billion	0.00%	0.00x	$71.56 Billion
American Eagle Gold Corp (AE)	$3.09 Million	-121.24%	0.18x	$150.07 Million
Agnico Eagle Mines Limited (AEM)	$4.95 Billion	4.93%	0.59x	$95.85 Billion
Alamos Gold Inc (AGI)	$2.74 Billion	-2.44%	0.32x	$18.02 Billion
AIS Resources Ltd (AIS)	$4.96 Million	-17.19%	0.24x	$1.76 Million
Alliance Mining Corp (ALM)	$-3.10 Million	0.00%	0.00x	$1.58 Million
Altamira Gold Corp (ALTA)	$11.44 Million	-9.87%	0.03x	$42.89 Million
Almaden Minerals Ltd (AMM)	$7.01 Million	-908.13%	0.81x	$24.82 Million

About GETT Gold Inc

V:GETT Canada Gold

Market Cap

$309.68K

CA$428.09K CAD

Market Cap Rank

#30707 Global

#1664 in Canada

Share Price

CA$0.02

Change (1 day)

+0.00%

52-Week Range

CA$0.02 - CA$0.02

All Time High

CA$0.14