GETT Gold Inc Net Assets
GETT Gold Inc net assets. 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 ≈ $13.40 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore GETT Gold Inc net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-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 |
Net Assets of GETT Gold Inc (2018–2023)
Net assets of GETT Gold Inc from 2018 to 2023. This chart illustrates how GETT Gold Inc's net assets have evolved over time, based on quarterly financial data. See GETT Gold Inc (GETT) balance sheet quality index to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see GETT Gold Inc market cap and net worth.
| 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 |
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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.
GETT Gold Inc Net Assets Breakdown (September 2023)
GETT Gold Inc net assets breakdown by equity component as of 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 |
|---|---|
|
AA Mission Acquisition Corp.
NYSE:AAM
|
$312.83K |
|
IXICO PLC
LSE:IXI
|
$313.05K |
|
Subsea 7 SA
LSE:0OGK
|
$313.46K |
|
Montfort Capital Corp
V:MONT
|
$313.70K |
|
GCM Resources Plc
LSE:GCM
|
$309.54K |
|
Eden Research plc
LSE:EDEN
|
$307.90K |
|
Manx Financial Group Plc
LSE:MFX
|
$307.47K |
|
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: $390,070,505
- Average return on equity (ROE) among peers: -30.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GETT Gold Inc (GETT) | CA$-17.41 Million | 0.00% | N/A | $309.68K |
| Allied Gold Corporation (AAUC) | $381.03 Million | -54.71% | 1.51x | $2.38 Billion |
| Abcourt Mines Inc. (ABI) | $19.28 Million | -5.21% | 0.02x | $43.16 Million |
| Barrick Gold Corp (ABX) | $3.32 Billion | -3.70% | 0.30x | $61.48 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $133.41 Million |
| Agnico Eagle Mines Limited (AEM) | $127.14 Million | 11.88% | 1.22x | $84.54 Billion |
| Alamos Gold Inc (AGI) | $338.91K | -86.17% | 0.19x | $11.64 Billion |
| AIS Resources Ltd (AIS) | $4.96 Million | -17.19% | 0.24x | $2.52 Million |
| Alliance Mining Corp (ALM) | $-1.26 Million | 0.00% | 0.00x | $2.21 Million |
| Altamira Gold Corp (ALTA) | $13.90 Million | -14.28% | 0.06x | $39.70 Million |
| Almaden Minerals Ltd (AMM) | $27.97 Million | -15.26% | 0.03x | $24.82 Million |
About 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