Golden Goliath Resources Ltd. (GNG) - Net Assets
Based on the latest financial reports, Golden Goliath Resources Ltd. (GNG) has net assets worth CA$1.10 Million CAD (≈ $797.94K USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.75 Million ≈ $1.27 Million USD) and total liabilities (CA$650.60K ≈ $470.63K 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 Golden Goliath Resources Ltd. liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.10 Million |
| % of Total Assets | 62.9% |
| Annual Growth Rate | -9.3% |
| 5-Year Change | -91.7% |
| 10-Year Change | -85.69% |
| Growth Volatility | 44.31 |
Golden Goliath Resources Ltd. - Net Assets Trend (2001–2025)
This chart illustrates how Golden Goliath Resources Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Golden Goliath Resources Ltd. for the complete picture of this company's asset base.
Annual Net Assets for Golden Goliath Resources Ltd. (2001–2025)
The table below shows the annual net assets of Golden Goliath Resources Ltd. from 2001 to 2025. For live valuation and market cap data, see GNG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | CA$370.57K ≈ $268.06K |
-43.11% |
| 2024-08-31 | CA$651.32K ≈ $471.16K |
-82.90% |
| 2023-08-31 | CA$3.81 Million ≈ $2.75 Million |
-8.29% |
| 2022-08-31 | CA$4.15 Million ≈ $3.00 Million |
-7.04% |
| 2021-08-31 | CA$4.47 Million ≈ $3.23 Million |
+10.74% |
| 2020-08-31 | CA$4.03 Million ≈ $2.92 Million |
+111.31% |
| 2019-08-31 | CA$1.91 Million ≈ $1.38 Million |
+0.66% |
| 2018-08-31 | CA$1.90 Million ≈ $1.37 Million |
-15.93% |
| 2017-08-31 | CA$2.26 Million ≈ $1.63 Million |
-12.89% |
| 2016-08-31 | CA$2.59 Million ≈ $1.87 Million |
-13.98% |
| 2015-08-31 | CA$3.01 Million ≈ $2.18 Million |
-16.10% |
| 2014-08-31 | CA$3.59 Million ≈ $2.60 Million |
-49.98% |
| 2013-08-31 | CA$7.17 Million ≈ $5.19 Million |
-20.18% |
| 2012-08-31 | CA$8.99 Million ≈ $6.50 Million |
-24.16% |
| 2011-08-31 | CA$11.85 Million ≈ $8.57 Million |
+18.13% |
| 2010-08-31 | CA$10.03 Million ≈ $7.26 Million |
+22.97% |
| 2009-08-31 | CA$8.16 Million ≈ $5.90 Million |
-20.77% |
| 2008-08-31 | CA$10.30 Million ≈ $7.45 Million |
-5.97% |
| 2007-08-31 | CA$10.95 Million ≈ $7.92 Million |
+132.74% |
| 2006-08-31 | CA$4.70 Million ≈ $3.40 Million |
+37.50% |
| 2005-08-31 | CA$3.42 Million ≈ $2.47 Million |
-21.61% |
| 2004-08-31 | CA$4.36 Million ≈ $3.16 Million |
+16.49% |
| 2003-08-31 | CA$3.75 Million ≈ $2.71 Million |
-13.06% |
| 2002-08-31 | CA$4.31 Million ≈ $3.12 Million |
+11.62% |
| 2001-08-31 | CA$3.86 Million ≈ $2.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Golden Goliath 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 3218481500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$34.42 Million | 9288.56% |
| Total Equity | CA$370.57K | 100.00% |
Golden Goliath Resources Ltd. Competitors by Market Cap
The table below lists competitors of Golden Goliath Resources Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sabre Insurance Group PLC
LSE:SBRE
|
$4.46 Million |
|
Stellar AfricaGold Inc.
V:SPX
|
$4.46 Million |
|
AYRO Inc
NASDAQ:AYRO
|
$4.47 Million |
|
Sagardeep Alloys Limited
NSE:SAGARDEEP
|
$4.47 Million |
|
InZinc Mining Ltd
V:IZN
|
$4.46 Million |
|
Huntsman Exploration Inc
V:HMAN
|
$4.46 Million |
|
Western Yilgarn NL
AU:WYX
|
$4.45 Million |
|
Canasil Resources Inc.
V:CLZ
|
$4.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Goliath Resources Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 651,323 to 370,570, a change of -280,753 (-43.1%).
- Net loss of 280,753 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-280.75K | -75.76% |
| Total Change | CA$- | -43.11% |
Book Value vs Market Value Analysis
This analysis compares Golden Goliath 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: 8.58x
- 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 0.08x to 8.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-08-31 | CA$1.61 | CA$0.13 | x |
| 2002-08-31 | CA$1.64 | CA$0.13 | x |
| 2003-08-31 | CA$1.15 | CA$0.13 | x |
| 2004-08-31 | CA$1.00 | CA$0.13 | x |
| 2005-08-31 | CA$0.64 | CA$0.13 | x |
| 2006-08-31 | CA$0.82 | CA$0.13 | x |
| 2007-08-31 | CA$1.56 | CA$0.13 | x |
| 2008-08-31 | CA$1.18 | CA$0.13 | x |
| 2009-08-31 | CA$0.94 | CA$0.13 | x |
| 2010-08-31 | CA$0.97 | CA$0.13 | x |
| 2011-08-31 | CA$0.97 | CA$0.13 | x |
| 2012-08-31 | CA$0.68 | CA$0.13 | x |
| 2013-08-31 | CA$0.51 | CA$0.13 | x |
| 2014-08-31 | CA$0.24 | CA$0.13 | x |
| 2015-08-31 | CA$0.20 | CA$0.13 | x |
| 2016-08-31 | CA$0.17 | CA$0.13 | x |
| 2017-08-31 | CA$0.15 | CA$0.13 | x |
| 2018-08-31 | CA$0.12 | CA$0.13 | x |
| 2019-08-31 | CA$0.13 | CA$0.13 | x |
| 2020-08-31 | CA$0.25 | CA$0.13 | x |
| 2021-08-31 | CA$0.22 | CA$0.13 | x |
| 2022-08-31 | CA$0.20 | CA$0.13 | x |
| 2023-08-31 | CA$0.17 | CA$0.13 | x |
| 2024-08-31 | CA$0.03 | CA$0.13 | x |
| 2025-08-31 | CA$0.01 | CA$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Goliath Resources Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -75.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.30x
- Recent ROE (-75.76%) is below the historical average (-46.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -11.35% | 0.00% | 0.00x | 1.01x | CA$-824.49K |
| 2002 | -12.69% | 0.00% | 0.00x | 1.06x | CA$-977.89K |
| 2003 | -45.15% | 0.00% | 0.00x | 1.01x | CA$-2.07 Million |
| 2004 | -37.37% | 0.00% | 0.00x | 1.01x | CA$-2.07 Million |
| 2005 | -31.36% | 0.00% | 0.00x | 1.01x | CA$-1.42 Million |
| 2006 | -24.05% | 0.00% | 0.00x | 1.01x | CA$-1.60 Million |
| 2007 | -9.46% | 0.00% | 0.00x | 1.03x | CA$-2.13 Million |
| 2008 | -7.98% | 0.00% | 0.00x | 1.05x | CA$-1.85 Million |
| 2009 | -26.93% | 0.00% | 0.00x | 1.01x | CA$-3.01 Million |
| 2010 | -14.09% | 0.00% | 0.00x | 1.02x | CA$-2.42 Million |
| 2011 | -8.54% | 0.00% | 0.00x | 1.01x | CA$-2.20 Million |
| 2012 | -41.11% | 0.00% | 0.00x | 1.02x | CA$-4.59 Million |
| 2013 | -40.85% | 0.00% | 0.00x | 1.02x | CA$-3.65 Million |
| 2014 | -98.91% | 0.00% | 0.00x | 1.03x | CA$-3.91 Million |
| 2015 | -19.12% | 0.00% | 0.00x | 1.22x | CA$-876.42K |
| 2016 | -27.89% | 0.00% | 0.00x | 1.19x | CA$-981.06K |
| 2017 | -14.79% | 0.00% | 0.00x | 1.28x | CA$-559.24K |
| 2018 | -23.13% | 0.00% | 0.00x | 1.41x | CA$-628.28K |
| 2019 | -0.46% | 0.00% | 0.00x | 1.09x | CA$-199.70K |
| 2020 | -26.28% | 0.00% | 0.00x | 1.05x | CA$-1.46 Million |
| 2021 | -22.16% | 0.00% | 0.00x | 1.08x | CA$-1.44 Million |
| 2022 | -14.37% | 0.00% | 0.00x | 1.05x | CA$-1.01 Million |
| 2023 | -14.51% | 0.00% | 0.00x | 1.09x | CA$-933.43K |
| 2024 | -513.87% | 0.00% | 0.00x | 1.51x | CA$-3.41 Million |
| 2025 | -75.76% | 0.00% | 0.00x | 2.30x | CA$-317.81K |
Industry Comparison
This section compares Golden Goliath Resources Ltd.'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: $2,951,711
- Average return on equity (ROE) among peers: -34.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Goliath Resources Ltd. (GNG) | CA$1.10 Million | -11.35% | 0.59x | $4.46 Million |
| Aftermath Silver Ltd (AAG) | $861.81K | -122.73% | 0.30x | $185.75 Million |
| Aton Resources Inc (AAN) | $-5.02 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $805.58K | -20.73% | 0.03x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $557.59K | -47.89% | 0.13x | $4.67 Million |
| Adex Mining Inc (ADE) | $11.96 Million | -14.72% | 0.26x | $27.09 Million |
| Alphamin Res (AFM) | $1.06 Million | -49.21% | 0.19x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $169.13K | -68.35% | 0.10x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $332.39 Million |
About Golden Goliath Resources Ltd.
Golden Goliath Resources Ltd. engages in the acquisition and exploration of rare earth element in Canada and Mexico. The company explores and develops gold, cerium, lantanum, neodymium, praseodymium, vanadium, and rubidium properties. It holds a 100% interest in the Wish Ore Property in the townships of 50 miles north of Sault Ste Marie, Ontario; and the KWAI property located in Red Lake, Ontario… Read more