GGL Resources Corp (GGL) - Net Assets
Based on the latest financial reports, GGL Resources Corp (GGL) has net assets worth CA$5.68 Million CAD (≈ $4.11 Million USD) as of May 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.71 Million ≈ $4.13 Million USD) and total liabilities (CA$35.30K ≈ $25.54K 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 GGL Resources Corp (GGL) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.68 Million |
| % of Total Assets | 99.38% |
| Annual Growth Rate | 11.44% |
| 5-Year Change | 22.44% |
| 10-Year Change | 220.76% |
| Growth Volatility | 34.28 |
GGL Resources Corp - Net Assets Trend (2013–2024)
This chart illustrates how GGL Resources Corp's net assets have evolved over time, based on quarterly financial data. Also explore GGL total asset value for the complete picture of this company's asset base.
Annual Net Assets for GGL Resources Corp (2013–2024)
The table below shows the annual net assets of GGL Resources Corp from 2013 to 2024. For live valuation and market cap data, see GGL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | CA$5.65 Million ≈ $4.09 Million |
+5.85% |
| 2023-11-30 | CA$5.34 Million ≈ $3.86 Million |
+12.04% |
| 2022-11-30 | CA$4.77 Million ≈ $3.45 Million |
+7.20% |
| 2021-11-30 | CA$4.45 Million ≈ $3.22 Million |
-3.70% |
| 2020-11-30 | CA$4.62 Million ≈ $3.34 Million |
+97.94% |
| 2019-11-30 | CA$2.33 Million ≈ $1.69 Million |
-12.31% |
| 2018-11-30 | CA$2.66 Million ≈ $1.92 Million |
-13.01% |
| 2017-11-30 | CA$3.06 Million ≈ $2.21 Million |
+73.41% |
| 2016-11-30 | CA$1.76 Million ≈ $1.28 Million |
+0.06% |
| 2015-11-30 | CA$1.76 Million ≈ $1.28 Million |
+3.13% |
| 2014-11-30 | CA$1.71 Million ≈ $1.24 Million |
-0.52% |
| 2013-11-30 | CA$1.72 Million ≈ $1.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GGL 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 43241300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$44.54 Million | 787.74% |
| Total Equity | CA$5.65 Million | 100.00% |
GGL Resources Corp Competitors by Market Cap
The table below lists competitors of GGL Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ordissimo
PA:ALORD
|
$3.40 Million |
|
Superior Mining International Corp
V:SUI
|
$3.40 Million |
|
Electromagnetic Geoservices ASA
OL:EMGS
|
$3.40 Million |
|
NuGen Medical Devices Inc
V:NGMD
|
$3.41 Million |
|
Siti Networks Limited
NSE:SITINET
|
$3.40 Million |
|
Conifex Timber Inc
TO:CFF
|
$3.39 Million |
|
QMC Quantum Minerals Corp
V:QMC
|
$3.39 Million |
|
British Smaller Companies Vct Plc
LSE:BSV
|
$3.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GGL Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,341,176 to 5,653,816, a change of 312,640 (5.9%).
- Net loss of 275,949 reduced equity.
- New share issuances of 600,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-275.95K | -4.88% |
| Share Issuances | CA$600.00K | +10.61% |
| Other Changes | CA$-11.41K | -0.2% |
| Total Change | CA$- | 5.85% |
Book Value vs Market Value Analysis
This analysis compares GGL 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
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.33x to 0.73x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | CA$0.14 | CA$0.05 | x |
| 2018-11-30 | CA$0.12 | CA$0.05 | x |
| 2019-11-30 | CA$0.09 | CA$0.05 | x |
| 2020-11-30 | CA$0.10 | CA$0.05 | x |
| 2021-11-30 | CA$0.10 | CA$0.05 | x |
| 2022-11-30 | CA$0.08 | CA$0.05 | x |
| 2023-11-30 | CA$0.07 | CA$0.05 | x |
| 2024-11-30 | CA$0.06 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GGL Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-4.88%) is above the historical average (-18.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -90.80% | 0.00% | 0.00x | 1.44x | CA$-1.73 Million |
| 2014 | -0.52% | 0.00% | 0.00x | 1.57x | CA$-179.81K |
| 2015 | -1.10% | 0.00% | 0.00x | 1.21x | CA$-195.63K |
| 2016 | 1.48% | 0.00% | 0.00x | 1.21x | CA$-150.34K |
| 2017 | -5.61% | 0.00% | 0.00x | 1.06x | CA$-477.54K |
| 2018 | -19.82% | 0.00% | 0.00x | 1.03x | CA$-793.31K |
| 2019 | -31.08% | 0.00% | 0.00x | 1.03x | CA$-958.45K |
| 2020 | -7.04% | 0.00% | 0.00x | 1.05x | CA$-786.76K |
| 2021 | -7.79% | 0.00% | 0.00x | 1.05x | CA$-791.12K |
| 2022 | -41.03% | 0.00% | 0.00x | 1.13x | CA$-2.43 Million |
| 2023 | -8.20% | 0.00% | 0.00x | 1.03x | CA$-971.87K |
| 2024 | -4.88% | 0.00% | 0.00x | 1.01x | CA$-841.33K |
Industry Comparison
This section compares GGL Resources Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GGL Resources Corp (GGL) | CA$5.68 Million | -90.80% | 0.01x | $3.40 Million |
| AbraSilver Resource Corp. (ABRA) | $8.76 Million | -117.42% | 2.77x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $7.61 Million | -10.85% | 0.15x | $1.73 Million |
| Adyton Resources Corp (ADY) | $276.14K | -90.50% | 0.96x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.83 Million | -11.80% | 0.15x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $79.55 Million | 12.51% | 0.72x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $33.89 Million | -9.22% | 0.12x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $14.12 Million | -24.77% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $26.52 Million | -4.99% | 0.01x | $3.47 Million |
About GGL Resources Corp
GGL Resources Corp. engages in the acquisition, exploration, and evaluation of mineral properties. It explores for gold, copper, and silver deposits, as well as diamonds. The company holds interests in the McConnell Creek project located in the Omineca mining division of British Columbia. It also holds an option to acquire interests in Gold Point project located in Nevada; and the Stein diamond p… Read more