GoldOn Resources Ltd (GLD) - Net Assets
Based on the latest financial reports, GoldOn Resources Ltd (GLD) has net assets worth CA$944.90K CAD (≈ $683.53K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$965.60K ≈ $698.50K USD) and total liabilities (CA$20.70K ≈ $14.97K 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 GoldOn Resources Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$944.90K |
| % of Total Assets | 97.86% |
| Annual Growth Rate | -6.34% |
| 5-Year Change | -89.62% |
| 10-Year Change | -75.84% |
| Growth Volatility | 185.74 |
GoldOn Resources Ltd - Net Assets Trend (1997–2024)
This chart illustrates how GoldOn Resources Ltd's net assets have evolved over time, based on quarterly financial data. See GoldOn Resources Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GoldOn Resources Ltd (1997–2024)
The table below shows the annual net assets of GoldOn Resources Ltd from 1997 to 2024. For live valuation and market cap data, see GoldOn Resources Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$287.63K ≈ $208.07K |
-59.10% |
| 2023-06-30 | CA$703.31K ≈ $508.76K |
-85.41% |
| 2022-06-30 | CA$4.82 Million ≈ $3.49 Million |
-17.32% |
| 2021-06-30 | CA$5.83 Million ≈ $4.22 Million |
+110.31% |
| 2020-06-30 | CA$2.77 Million ≈ $2.01 Million |
+146.69% |
| 2019-06-30 | CA$1.12 Million ≈ $812.86K |
+500.14% |
| 2018-06-30 | CA$187.24K ≈ $135.45K |
-53.89% |
| 2017-06-30 | CA$406.11K ≈ $293.77K |
-42.77% |
| 2016-06-30 | CA$709.65K ≈ $513.35K |
-40.39% |
| 2015-06-30 | CA$1.19 Million ≈ $861.20K |
-18.65% |
| 2014-06-30 | CA$1.46 Million ≈ $1.06 Million |
-52.23% |
| 2013-06-30 | CA$3.06 Million ≈ $2.22 Million |
-18.05% |
| 2012-06-30 | CA$3.74 Million ≈ $2.70 Million |
+21.65% |
| 2011-06-30 | CA$3.07 Million ≈ $2.22 Million |
+32.38% |
| 2010-06-30 | CA$2.32 Million ≈ $1.68 Million |
+61.47% |
| 2009-06-30 | CA$1.44 Million ≈ $1.04 Million |
-6.65% |
| 2008-06-30 | CA$1.54 Million ≈ $1.11 Million |
+58.69% |
| 2007-06-30 | CA$970.53K ≈ $702.07K |
+11.63% |
| 2006-06-30 | CA$869.42K ≈ $628.93K |
+230.53% |
| 2005-06-30 | CA$263.04K ≈ $190.28K |
-22.19% |
| 2004-06-30 | CA$338.06K ≈ $244.55K |
+126.74% |
| 2003-06-30 | CA$149.10K ≈ $107.86K |
+91.49% |
| 2002-06-30 | CA$77.86K ≈ $56.33K |
+795.40% |
| 2001-06-30 | CA$8.70K ≈ $6.29K |
-99.46% |
| 2000-06-30 | CA$1.60 Million ≈ $1.16 Million |
+6.04% |
| 1999-06-30 | CA$1.51 Million ≈ $1.09 Million |
-2.86% |
| 1998-06-30 | CA$1.55 Million ≈ $1.12 Million |
-8.03% |
| 1997-06-30 | CA$1.69 Million ≈ $1.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GoldOn Resources Ltd'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 1998927000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$23.11 Million | 8033.35% |
| Total Equity | CA$287.63K | 100.00% |
GoldOn Resources Ltd Competitors by Market Cap
The table below lists competitors of GoldOn Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lifeclean International AB
ST:LCLEAN
|
$3.48 Million |
|
Decent Holding Inc Ordinary Shares
NASDAQ:DXST
|
$3.48 Million |
|
Conduit Pharmaceuticals Inc.
NASDAQ:CDT
|
$3.49 Million |
|
Aberdeen International Inc.
TO:AAB
|
$3.49 Million |
|
Centogene N.V.
NASDAQ:CNTGF
|
$3.48 Million |
|
Nexus Gold Corp
V:NXS
|
$3.47 Million |
|
PROSPECT RIDGE RESOURCES
F:0ED
|
$3.47 Million |
|
CPD SA
WAR:CPD
|
$3.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GoldOn Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 703,307 to 287,633, a change of -415,674 (-59.1%).
- Net loss of 1,022,325 reduced equity.
- New share issuances of 400,000 increased equity.
- Other comprehensive income decreased equity by 1,801,786.
- Other factors increased equity by 2,008,437.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.02 Million | -355.43% |
| Share Issuances | CA$400.00K | +139.07% |
| Other Comprehensive Income | CA$-1.80 Million | -626.42% |
| Other Changes | CA$2.01 Million | +698.26% |
| Total Change | CA$- | -59.10% |
Book Value vs Market Value Analysis
This analysis compares GoldOn Resources Ltd'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: 10.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.00x to 10.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-06-30 | CA$44.38 | CA$0.07 | x |
| 1998-06-30 | CA$40.33 | CA$0.07 | x |
| 1999-06-30 | CA$31.10 | CA$0.07 | x |
| 2000-06-30 | CA$22.62 | CA$0.07 | x |
| 2001-06-30 | CA$0.11 | CA$0.07 | x |
| 2002-06-30 | CA$0.90 | CA$0.07 | x |
| 2003-06-30 | CA$0.89 | CA$0.07 | x |
| 2004-06-30 | CA$1.45 | CA$0.07 | x |
| 2005-06-30 | CA$1.02 | CA$0.07 | x |
| 2006-06-30 | CA$2.34 | CA$0.07 | x |
| 2007-06-30 | CA$1.81 | CA$0.07 | x |
| 2008-06-30 | CA$1.89 | CA$0.07 | x |
| 2009-06-30 | CA$1.33 | CA$0.07 | x |
| 2010-06-30 | CA$1.14 | CA$0.07 | x |
| 2011-06-30 | CA$1.03 | CA$0.07 | x |
| 2012-06-30 | CA$0.99 | CA$0.07 | x |
| 2013-06-30 | CA$0.70 | CA$0.07 | x |
| 2014-06-30 | CA$0.28 | CA$0.07 | x |
| 2015-06-30 | CA$0.19 | CA$0.07 | x |
| 2016-06-30 | CA$0.08 | CA$0.07 | x |
| 2017-06-30 | CA$0.04 | CA$0.07 | x |
| 2018-06-30 | CA$0.02 | CA$0.07 | x |
| 2019-06-30 | CA$0.11 | CA$0.07 | x |
| 2020-06-30 | CA$0.18 | CA$0.07 | x |
| 2021-06-30 | CA$0.28 | CA$0.07 | x |
| 2022-06-30 | CA$0.19 | CA$0.07 | x |
| 2023-06-30 | CA$0.03 | CA$0.07 | x |
| 2024-06-30 | CA$0.01 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GoldOn Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -355.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-355.43%) is above the historical average (-778.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | -7.24% | -12231800.00% | 0.00x | 1.03x | CA$-291.15K |
| 1998 | -9.74% | -15128200.00% | 0.00x | 1.08x | CA$-306.57K |
| 1999 | -10.40% | -15693900.00% | 0.00x | 1.07x | CA$-307.78K |
| 2000 | -7.64% | -6112850.00% | 0.00x | 1.02x | CA$-282.20K |
| 2001 | -19558.90% | -170084200.00% | 0.00x | 5.19x | CA$-1.70 Million |
| 2002 | -162.89% | 0.00% | 0.00x | 1.52x | CA$-134.62K |
| 2003 | -140.07% | 0.00% | 0.00x | 1.28x | CA$-223.75K |
| 2004 | -39.76% | 0.00% | 0.00x | 1.07x | CA$-168.22K |
| 2005 | -73.76% | 0.00% | 0.00x | 1.09x | CA$-220.33K |
| 2006 | -33.05% | 0.00% | 0.00x | 1.03x | CA$-374.30K |
| 2007 | -22.86% | 0.00% | 0.00x | 1.04x | CA$-318.90K |
| 2008 | -15.72% | 0.00% | 0.00x | 1.02x | CA$-396.07K |
| 2009 | -16.10% | 0.00% | 0.00x | 1.04x | CA$-375.20K |
| 2010 | -88.77% | 0.00% | 0.00x | 1.02x | CA$-2.29 Million |
| 2011 | -12.51% | 0.00% | 0.00x | 1.01x | CA$-691.91K |
| 2012 | -16.35% | 0.00% | 0.00x | 1.01x | CA$-985.21K |
| 2013 | -37.97% | 0.00% | 0.00x | 1.02x | CA$-1.47 Million |
| 2014 | -120.25% | 0.00% | 0.00x | 1.14x | CA$-1.91 Million |
| 2015 | -46.87% | 0.00% | 0.00x | 1.29x | CA$-677.03K |
| 2016 | -114.41% | 0.00% | 0.00x | 1.22x | CA$-882.86K |
| 2017 | -20.66% | -11399.05% | 0.00x | 1.05x | CA$-124.51K |
| 2018 | -121.57% | 0.00% | 0.00x | 1.27x | CA$-246.34K |
| 2019 | -30.87% | 0.00% | 0.00x | 1.10x | CA$-459.29K |
| 2020 | -27.44% | 0.00% | 0.00x | 1.11x | CA$-1.04 Million |
| 2021 | -9.20% | 0.00% | 0.00x | 1.01x | CA$-1.12 Million |
| 2022 | -23.69% | 0.00% | 0.00x | 1.01x | CA$-1.62 Million |
| 2023 | -674.75% | 0.00% | 0.00x | 1.13x | CA$-4.82 Million |
| 2024 | -355.43% | 0.00% | 0.00x | 1.12x | CA$-1.05 Million |
Industry Comparison
This section compares GoldOn Resources Ltd'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: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GoldOn Resources Ltd (GLD) | CA$944.90K | -7.24% | 0.02x | $3.48 Million |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.85 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $1.35 Million | -152.13% | 0.40x | $1.73 Million |
| Adyton Resources Corp (ADY) | $14.98 Million | 5.60% | 0.05x | $71.75 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $5.10 Million |
| Austral Gold Ltd (AGLD) | $14.37 Million | -188.43% | 4.16x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $23.22 Million | -5.48% | 0.17x | $11.78 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $37.20 Million |
| American Creek Resources Ltd (AMK) | $12.62 Million | 7.02% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $11.08 Million | -9.78% | 0.02x | $4.54 Million |
About GoldOn Resources Ltd
Gold Finder Resources Ltd., an exploration stage company, engages in the exploration of mineral properties in Canada. The company primarily explores for gold, silver, copper, and zinc deposits. The company was formerly known as GoldON Resources Ltd. and changed its name to Gold Finder Resources Ltd. in April 2025. Gold Finder Resources Ltd. was incorporated in 1977 and is based in Victoria, Canad… Read more