Green Mining Innovation Inc.
Green Mining Innovation Inc. engages in the exploration of mineral properties in the provinces of Québec, and Newfoundland. The company focuses on developing gold and technology metal deposits. It holds 100% interest in the Fortune property located in the Gaspé Peninsula, Québec; Panache North property situated in the Windfall Lake (Urban Barry) area of Québec; and the Prince Property located in … Read more
Green Mining Innovation Inc. (GMI) - Net Assets
Latest net assets as of September 2024: CA$1.28 Million CAD
Based on the latest financial reports, Green Mining Innovation Inc. (GMI) has net assets worth CA$1.28 Million CAD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.82 Million) and total liabilities (CA$542.56K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.28 Million |
| % of Total Assets | 70.26% |
| Annual Growth Rate | 26.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 97.76 |
Green Mining Innovation Inc. - Net Assets Trend (2020–2023)
This chart illustrates how Green Mining Innovation Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Green Mining Innovation Inc. (2020–2023)
The table below shows the annual net assets of Green Mining Innovation Inc. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$1.61 Million | +428.09% |
| 2022-12-31 | CA$-490.80K | -139.65% |
| 2021-12-31 | CA$1.24 Million | +55.87% |
| 2020-12-31 | CA$794.20K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Green Mining Innovation 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 264853100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$18.97 Million | 1178.37% |
| Total Equity | CA$1.61 Million | 100.00% |
Green Mining Innovation Inc. Competitors by Market Cap
The table below lists competitors of Green Mining Innovation Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MDK Acquisition Inc.
V:MDK-P
|
$314.61 |
|
HYDRACT A/S DK -10
F:8X3
|
$315.10 |
|
AIQ Ltd
LSE:AIQ
|
$315.18 |
|
abrdn Asian Income Fund Limited
LSE:AAIF
|
$315.37 |
|
Axelum Resources Corp
PSE:AXLM
|
$314.28 |
|
Broadside Enterprises Inc
PINK:BRSE
|
$313.47 |
|
TPL Properties Ltd
KAR:TPLT
|
$313.03 |
|
Great Basin Energies Inc
PINK:GBEI
|
$312.91 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Green Mining Innovation Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -490,801 to 1,610,259, a change of 2,101,060.
- Net loss of 559,646 reduced equity.
- New share issuances of 550,000 increased equity.
- Other factors increased equity by 2,110,706.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-559.65K | -34.76% |
| Share Issuances | CA$550.00K | +34.16% |
| Other Changes | CA$2.11 Million | +131.08% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Green Mining Innovation 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
- Current price-to-book ratio: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.40x to 1.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.04 | CA$0.05 | x |
| 2021-12-31 | CA$0.05 | CA$0.05 | x |
| 2022-12-31 | CA$-0.02 | CA$0.05 | x |
| 2023-12-31 | CA$0.03 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Green Mining Innovation Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -34.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.32x
- Recent ROE (-34.76%) is above the historical average (-104.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -363.62% | 0.00% | 0.00x | 1.25x | CA$-2.97 Million |
| 2021 | -19.71% | 0.00% | 0.00x | 1.34x | CA$-367.82K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.71 Million |
| 2023 | -34.76% | 0.00% | 0.00x | 1.32x | CA$-720.67K |
Industry Comparison
This section compares Green Mining Innovation Inc.'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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Green Mining Innovation Inc. (GMI) | CA$1.28 Million | -363.62% | 0.42x | $314.47 |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |