Cassiar Gold Corp (GLDC) - Net Assets

Latest as of December 2025: CA$9.45 Million CAD ≈ $6.84 Million USD

Based on the latest financial reports, Cassiar Gold Corp (GLDC) has net assets worth CA$9.45 Million CAD (≈ $6.84 Million 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$14.44 Million ≈ $10.45 Million USD) and total liabilities (CA$4.99 Million ≈ $3.61 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 how tangible is Cassiar Gold Corp's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$9.45 Million
% of Total Assets	65.46%
Annual Growth Rate	24.13%
5-Year Change	-43.7%
10-Year Change	313.65%
Growth Volatility	34253.58

Cassiar Gold Corp - Net Assets Trend (2010–2025)

This chart illustrates how Cassiar Gold Corp's net assets have evolved over time, based on quarterly financial data. See Cassiar Gold Corp (GLDC) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Cassiar Gold Corp (2010–2025)

The table below shows the annual net assets of Cassiar Gold Corp from 2010 to 2025. For live valuation and market cap data, see GLDC market cap.

Year	Net Assets	Change
2025-09-30	CA$10.62 Million ≈ $7.68 Million	-10.90%
2024-09-30	CA$11.92 Million ≈ $8.62 Million	-70.90%
2023-09-30	CA$40.96 Million ≈ $29.63 Million	+22.83%
2022-09-30	CA$33.35 Million ≈ $24.12 Million	+76.77%
2021-09-30	CA$18.87 Million ≈ $13.65 Million	+128.98%
2020-09-30	CA$8.24 Million ≈ $5.96 Million	+196.30%
2019-09-30	CA$2.78 Million ≈ $2.01 Million	+27.98%
2018-09-30	CA$2.17 Million ≈ $1.57 Million	-64.64%
2017-09-30	CA$6.14 Million ≈ $4.44 Million	+139.32%
2016-09-30	CA$2.57 Million ≈ $1.86 Million	+81.12%
2015-09-30	CA$1.42 Million ≈ $1.03 Million	+17.55%
2014-09-30	CA$1.21 Million ≈ $872.38K	+137411.06%
2013-09-30	CA$877.00 ≈ $634.41	-99.84%
2012-09-30	CA$539.48K ≈ $390.25K	-87.87%
2011-09-30	CA$4.45 Million ≈ $3.22 Million	+971.77%
2010-09-30	CA$414.95K ≈ $300.17K	--

Equity Component Analysis

This analysis shows how different components contribute to Cassiar Gold 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 7443781900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Other Components	CA$85.06 Million	800.87%
Total Equity	CA$10.62 Million	100.00%

Cassiar Gold Corp Competitors by Market Cap

The table below lists competitors of Cassiar Gold Corp ranked by their market capitalization.

Company	Market Cap
Beijing North Star Company Limited F:BJ3	$58.69 Million
As Commercial Industrial Company of Computers and Toys S.A. AT:ASCO	$58.69 Million
Smart Digital Group Limited Ordinary Shares NASDAQ:SDM	$58.69 Million
Ilyda SA AT:ILYDA	$58.70 Million
Syntek Semiconductor Co Ltd TWO:5302	$58.69 Million
Hannan Metals Ltd V:HAN	$58.66 Million
Yonyu Plastics Co Ltd TW:1323	$58.66 Million
Inta Bina Group Bhd KLSE:0192	$58.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cassiar Gold Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 11,919,634 to 10,620,708, a change of -1,298,926 (-10.9%).
Net loss of 6,435,459 reduced equity.
New share issuances of 5,911,130 increased equity.
Other factors decreased equity by 774,597.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-6.44 Million	-60.59%
Share Issuances	CA$5.91 Million	+55.66%
Other Changes	CA$-774.60K	-7.29%
Total Change	CA$-	-10.90%

Book Value vs Market Value Analysis

This analysis compares Cassiar Gold 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: 7.64x
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 0.03x to 7.64x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-09-30	CA$15.74	CA$0.55	x
2012-09-30	CA$0.75	CA$0.55	x
2013-09-30	CA$0.00	CA$0.55	x
2014-09-30	CA$0.47	CA$0.55	x
2015-09-30	CA$0.37	CA$0.55	x
2016-09-30	CA$0.54	CA$0.55	x
2017-09-30	CA$0.72	CA$0.55	x
2018-09-30	CA$0.19	CA$0.55	x
2019-09-30	CA$0.17	CA$0.55	x
2020-09-30	CA$0.30	CA$0.55	x
2021-09-30	CA$0.35	CA$0.55	x
2022-09-30	CA$0.49	CA$0.55	x
2023-09-30	CA$0.47	CA$0.55	x
2024-09-30	CA$0.09	CA$0.55	x
2025-09-30	CA$0.07	CA$0.55	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cassiar Gold 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): -60.59%
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: 1.58x
Recent ROE (-60.59%) is above the historical average (-7805.04%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	-17.28%	-1658.47%	0.01x	1.02x	CA$-1.21 Million
2012	-1068.92%	-924.56%	0.48x	2.43x	CA$-5.82 Million
2013	-115232.84%	-318.67%	2.48x	145.78x	CA$-1.01 Million
2014	-57.89%	-1001.91%	0.04x	1.51x	CA$-818.74K
2015	-27.88%	-194656.65%	0.00x	1.25x	CA$-536.91K
2016	-21.40%	0.00%	0.00x	1.14x	CA$-806.26K
2017	-45.51%	0.00%	0.00x	1.05x	CA$-3.41 Million
2018	-355.01%	0.00%	0.00x	1.16x	CA$-7.93 Million
2019	-68.14%	0.00%	0.00x	1.15x	CA$-2.17 Million
2020	-31.89%	0.00%	0.00x	1.09x	CA$-3.45 Million
2021	-13.58%	0.00%	0.00x	1.17x	CA$-4.45 Million
2022	-7.27%	0.00%	0.00x	1.15x	CA$-5.76 Million
2023	-4.25%	0.00%	0.00x	1.13x	CA$-5.84 Million
2024	-63.17%	0.00%	0.00x	1.38x	CA$-8.72 Million
2025	-60.59%	0.00%	0.00x	1.58x	CA$-7.50 Million

Industry Comparison

This section compares Cassiar Gold Corp's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $3,457,076,334
Average return on equity (ROE) among peers: -12.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cassiar Gold Corp (GLDC)	CA$9.45 Million	-17.28%	0.53x	$58.69 Million
Allied Gold Corporation (AAUC)	$111.36 Million	-6.66%	4.92x	$3.29 Billion
Abcourt Mines Inc. (ABI)	$3.33 Million	-20.67%	0.04x	$77.46 Million
Barrick Gold Corp (ABX)	$32.31 Billion	6.26%	0.45x	$70.55 Billion
American Eagle Gold Corp (AE)	$35.20 Million	-22.32%	0.04x	$142.56 Million
Agnico Eagle Mines Limited (AEM)	$2.06 Billion	6.77%	0.33x	$86.35 Billion
Alamos Gold Inc (AGI)	$25.69 Million	-7.53%	0.11x	$15.94 Billion
AIS Resources Ltd (AIS)	$479.48K	-11.79%	0.06x	$2.79 Million
Alliance Mining Corp (ALM)	$-655.60K	0.00%	0.00x	$1.58 Million
Altamira Gold Corp (ALTA)	$24.24 Million	-6.73%	0.03x	$41.82 Million
Almaden Minerals Ltd (AMM)	$5.18 Million	-58.59%	0.09x	$24.82 Million

About Cassiar Gold Corp

V:GLDC Canada Gold

Market Cap

$58.69 Million

CA$81.13 Million CAD

Market Cap Rank

#21313 Global

#754 in Canada

Share Price

CA$0.55

Change (1 day)

+5.77%

52-Week Range

CA$0.19 - CA$0.65

All Time High

CA$2.00