Giga Metals Corp (GIGA) - Net Assets
Based on the latest financial reports, Giga Metals Corp (GIGA) has net assets worth CA$21.15 Million CAD (≈ $15.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$23.07 Million ≈ $16.69 Million USD) and total liabilities (CA$1.92 Million ≈ $1.39 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 GIGA asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$21.15 Million |
| % of Total Assets | 91.66% |
| Annual Growth Rate | 13.26% |
| 5-Year Change | 121.05% |
| 10-Year Change | 9356.87% |
| Growth Volatility | 292.56 |
Giga Metals Corp - Net Assets Trend (2000–2024)
This chart illustrates how Giga Metals Corp's net assets have evolved over time, based on quarterly financial data. Also explore GIGA asset base for the complete picture of this company's asset base.
Annual Net Assets for Giga Metals Corp (2000–2024)
The table below shows the annual net assets of Giga Metals Corp from 2000 to 2024. For live valuation and market cap data, see Giga Metals Corp (GIGA) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$21.17 Million ≈ $15.31 Million |
-4.83% |
| 2023-12-31 | CA$22.24 Million ≈ $16.09 Million |
-6.83% |
| 2022-12-31 | CA$23.87 Million ≈ $17.27 Million |
+69.89% |
| 2021-12-31 | CA$14.05 Million ≈ $10.16 Million |
+46.73% |
| 2020-12-31 | CA$9.58 Million ≈ $6.93 Million |
+39.53% |
| 2019-12-31 | CA$6.86 Million ≈ $4.96 Million |
+0.96% |
| 2018-12-31 | CA$6.80 Million ≈ $4.92 Million |
+50.67% |
| 2017-12-31 | CA$4.51 Million ≈ $3.26 Million |
+1466.78% |
| 2016-12-31 | CA$287.92K ≈ $208.28K |
+28.64% |
| 2015-12-31 | CA$223.82K ≈ $161.91K |
-97.86% |
| 2014-12-31 | CA$10.45 Million ≈ $7.56 Million |
-68.57% |
| 2013-12-31 | CA$33.26 Million ≈ $24.06 Million |
-0.53% |
| 2012-12-31 | CA$33.44 Million ≈ $24.19 Million |
+2.51% |
| 2011-12-31 | CA$32.62 Million ≈ $23.60 Million |
-1.30% |
| 2010-12-31 | CA$33.05 Million ≈ $23.91 Million |
+10.84% |
| 2009-12-31 | CA$29.82 Million ≈ $21.57 Million |
-4.09% |
| 2008-12-31 | CA$31.09 Million ≈ $22.49 Million |
-2.91% |
| 2007-12-31 | CA$32.02 Million ≈ $23.16 Million |
+96.76% |
| 2006-12-31 | CA$16.27 Million ≈ $11.77 Million |
+51.71% |
| 2005-12-31 | CA$10.73 Million ≈ $7.76 Million |
+34.37% |
| 2004-12-31 | CA$7.98 Million ≈ $5.77 Million |
+102.32% |
| 2003-12-31 | CA$3.95 Million ≈ $2.85 Million |
+126.99% |
| 2002-12-31 | CA$1.74 Million ≈ $1.26 Million |
+60.91% |
| 2001-12-31 | CA$1.08 Million ≈ $781.45K |
+1.29% |
| 2000-12-31 | CA$1.07 Million ≈ $771.49K |
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Equity Component Analysis
This analysis shows how different components contribute to Giga Metals 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 5793781000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$81.16 Million | 448.37% |
| Total Equity | CA$18.10 Million | 100.00% |
Giga Metals Corp Competitors by Market Cap
The table below lists competitors of Giga Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Noviqtech Ltd
AU:NVQ
|
$9.04 Million |
|
CARTIER SILVER CORP
F:2CI0
|
$9.05 Million |
|
Domino’s Pizza Group PLC
LSE:DOM
|
$9.05 Million |
|
Auga Group AB
STU:W9Z
|
$9.06 Million |
|
NYRSTAR
F:3NY1
|
$9.02 Million |
|
Nyrstar NV
BR:NYR
|
$9.01 Million |
|
ARGO BLOCKCHAIN SP.ADR/10
F:0XP0
|
$9.01 Million |
|
Euro Tech Holdings Company Ltd
NASDAQ:CLWT
|
$9.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Giga Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,965,387 to 18,099,935, a change of -865,452 (-4.6%).
- Net loss of 2,117,073 reduced equity.
- New share issuances of 1,152,500 increased equity.
- Other comprehensive income decreased equity by 11,261,049.
- Other factors increased equity by 11,360,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.12 Million | -11.7% |
| Share Issuances | CA$1.15 Million | +6.37% |
| Other Comprehensive Income | CA$-11.26 Million | -62.22% |
| Other Changes | CA$11.36 Million | +62.76% |
| Total Change | CA$- | -4.56% |
Book Value vs Market Value Analysis
This analysis compares Giga Metals 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: 0.55x
- 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 0.03x to 0.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CA$2.82 | CA$0.10 | x |
| 2001-12-31 | CA$2.14 | CA$0.10 | x |
| 2002-12-31 | CA$2.15 | CA$0.10 | x |
| 2003-12-31 | CA$3.46 | CA$0.10 | x |
| 2004-12-31 | CA$3.40 | CA$0.10 | x |
| 2005-12-31 | CA$3.88 | CA$0.10 | x |
| 2006-12-31 | CA$3.86 | CA$0.10 | x |
| 2007-12-31 | CA$5.82 | CA$0.10 | x |
| 2008-12-31 | CA$5.15 | CA$0.10 | x |
| 2009-12-31 | CA$4.94 | CA$0.10 | x |
| 2010-12-31 | CA$5.09 | CA$0.10 | x |
| 2011-12-31 | CA$4.23 | CA$0.10 | x |
| 2012-12-31 | CA$4.13 | CA$0.10 | x |
| 2013-12-31 | CA$3.68 | CA$0.10 | x |
| 2014-12-31 | CA$1.16 | CA$0.10 | x |
| 2015-12-31 | CA$0.02 | CA$0.10 | x |
| 2016-12-31 | CA$0.02 | CA$0.10 | x |
| 2017-12-31 | CA$0.17 | CA$0.10 | x |
| 2018-12-31 | CA$0.12 | CA$0.10 | x |
| 2019-12-31 | CA$0.13 | CA$0.10 | x |
| 2020-12-31 | CA$0.16 | CA$0.10 | x |
| 2021-12-31 | CA$0.17 | CA$0.10 | x |
| 2022-12-31 | CA$0.21 | CA$0.10 | x |
| 2023-12-31 | CA$0.19 | CA$0.10 | x |
| 2024-12-31 | CA$0.17 | CA$0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Giga Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.25x
- Recent ROE (-11.70%) is above the historical average (-203.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -4.61% | 0.00% | 0.00x | 1.22x | CA$-155.83K |
| 2001 | -32.50% | 0.00% | 0.00x | 1.21x | CA$-459.06K |
| 2002 | -11.67% | 0.00% | 0.00x | 1.10x | CA$-376.75K |
| 2003 | -29.05% | 0.00% | 0.00x | 1.09x | CA$-1.54 Million |
| 2004 | -11.88% | 0.00% | 0.00x | 1.01x | CA$-1.75 Million |
| 2005 | -4.83% | 0.00% | 0.00x | 1.04x | CA$-1.59 Million |
| 2006 | -7.36% | 0.00% | 0.00x | 1.06x | CA$-2.82 Million |
| 2007 | -5.55% | 0.00% | 0.00x | 1.06x | CA$-4.98 Million |
| 2008 | -6.30% | 0.00% | 0.00x | 1.02x | CA$-5.07 Million |
| 2009 | -4.96% | 0.00% | 0.00x | 1.04x | CA$-4.46 Million |
| 2010 | -3.69% | 0.00% | 0.00x | 1.03x | CA$-4.52 Million |
| 2011 | -5.00% | 0.00% | 0.00x | 1.02x | CA$-4.89 Million |
| 2012 | -0.95% | 0.00% | 0.00x | 1.01x | CA$-3.66 Million |
| 2013 | -0.89% | 0.00% | 0.00x | 1.01x | CA$-3.62 Million |
| 2014 | -218.12% | 0.00% | 0.00x | 1.00x | CA$-23.85 Million |
| 2015 | -4570.95% | 0.00% | 0.00x | 1.07x | CA$-10.25 Million |
| 2016 | -77.84% | 0.00% | 0.00x | 1.05x | CA$-252.90K |
| 2017 | -15.15% | 0.00% | 0.00x | 1.03x | CA$-1.13 Million |
| 2018 | 16.93% | 0.00% | 0.00x | 1.05x | CA$470.96K |
| 2019 | -24.24% | 0.00% | 0.00x | 1.13x | CA$-2.35 Million |
| 2020 | -21.11% | 0.00% | 0.00x | 1.07x | CA$-2.98 Million |
| 2021 | -19.49% | 0.00% | 0.00x | 1.07x | CA$-4.14 Million |
| 2022 | -13.94% | 0.00% | 0.00x | 1.23x | CA$-4.91 Million |
| 2023 | -10.36% | 0.00% | 0.00x | 1.23x | CA$-3.86 Million |
| 2024 | -11.70% | 0.00% | 0.00x | 1.25x | CA$-3.93 Million |
Industry Comparison
This section compares Giga Metals Corp'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 |
|---|---|---|---|---|
| Giga Metals Corp (GIGA) | CA$21.15 Million | -4.61% | 0.09x | $9.03 Million |
| 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 Giga Metals Corp
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel-cobalt sulphide deposits. It holds 85% interests in the Turnagain property with 75 mineral claims covering an area of approximately 44,045 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard… Read more