Goldflare Exploration Inc (GOFL) - Net Assets
Based on the latest financial reports, Goldflare Exploration Inc (GOFL) has net assets worth CA$3.29 Million CAD (≈ $2.38 Million 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$3.61 Million ≈ $2.61 Million USD) and total liabilities (CA$320.82K ≈ $232.08K 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 asset resilience ratio of Goldflare Exploration Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.29 Million |
| % of Total Assets | 91.12% |
| Annual Growth Rate | -19.16% |
| 5-Year Change | 144.59% |
| 10-Year Change | N/A |
| Growth Volatility | 49.44 |
Goldflare Exploration Inc - Net Assets Trend (2018–2024)
This chart illustrates how Goldflare Exploration Inc's net assets have evolved over time, based on quarterly financial data. Also explore GOFL total assets for the complete picture of this company's asset base.
Annual Net Assets for Goldflare Exploration Inc (2018–2024)
The table below shows the annual net assets of Goldflare Exploration Inc from 2018 to 2024. For live valuation and market cap data, see GOFL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-02-29 | CA$3.60 Million ≈ $2.60 Million |
+8.74% |
| 2023-02-28 | CA$3.31 Million ≈ $2.39 Million |
+25.51% |
| 2022-02-28 | CA$2.64 Million ≈ $1.91 Million |
+2.15% |
| 2021-02-28 | CA$2.58 Million ≈ $1.87 Million |
+75.44% |
| 2020-02-29 | CA$1.47 Million ≈ $1.06 Million |
-43.61% |
| 2019-02-28 | CA$2.61 Million ≈ $1.89 Million |
-79.77% |
| 2018-02-28 | CA$12.89 Million ≈ $9.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goldflare Exploration 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 1354663200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$31.70 Million | 881.05% |
| Total Equity | CA$3.60 Million | 100.00% |
Goldflare Exploration Inc Competitors by Market Cap
The table below lists competitors of Goldflare Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Octopus Aim VCT 2 PLC
LSE:OSEC
|
$753.14K |
|
New Energy Metals Corp
V:ENRG
|
$754.95K |
|
Omkar Speciality Chemicals Limited
NSE:OMKARCHEM
|
$758.87K |
|
Maven Income And Growth Vct 3 Plc
LSE:MIG3
|
$759.45K |
|
BLUEBIRD MERCH.VENT. LTD.
F:09D
|
$749.39K |
|
Strikewell Energy Corp
V:SKK
|
$748.86K |
|
Chanson International Holding Class A Ordinary Shares
NASDAQ:CHSN
|
$748.77K |
|
Hanstone Gold Corp
V:HANS
|
$747.88K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldflare Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,308,291 to 3,597,580, a change of 289,289 (8.7%).
- Net loss of 293,375 reduced equity.
- New share issuances of 685,000 increased equity.
- Other factors decreased equity by 102,336.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-293.38K | -8.15% |
| Share Issuances | CA$685.00K | +19.04% |
| Other Changes | CA$-102.34K | -2.84% |
| Total Change | CA$- | 8.74% |
Book Value vs Market Value Analysis
This analysis compares Goldflare Exploration 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: 0.25x
- 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 0.12x to 0.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-02-28 | CA$0.33 | CA$0.04 | x |
| 2019-02-28 | CA$0.06 | CA$0.04 | x |
| 2020-02-29 | CA$0.03 | CA$0.04 | x |
| 2021-02-28 | CA$0.04 | CA$0.04 | x |
| 2022-02-28 | CA$0.03 | CA$0.04 | x |
| 2023-02-28 | CA$0.03 | CA$0.04 | x |
| 2024-02-29 | CA$0.16 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldflare Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-8.15%) is above the historical average (-78.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -3.01% | 0.00% | 0.00x | 1.10x | CA$-1.68 Million |
| 2019 | -397.85% | 0.00% | 0.00x | 1.03x | CA$-10.64 Million |
| 2020 | -99.15% | 0.00% | 0.00x | 1.11x | CA$-1.61 Million |
| 2021 | 3.83% | 0.00% | 0.00x | 1.08x | CA$-159.26K |
| 2022 | -27.47% | 0.00% | 0.00x | 1.08x | CA$-987.82K |
| 2023 | -19.13% | 0.00% | 0.00x | 1.14x | CA$-963.56K |
| 2024 | -8.15% | 0.00% | 0.00x | 1.06x | CA$-653.13K |
Industry Comparison
This section compares Goldflare Exploration Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,474,920,806
- Average return on equity (ROE) among peers: -8.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldflare Exploration Inc (GOFL) | CA$3.29 Million | -3.01% | 0.10x | $752.85K |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.28 Billion |
| Abcourt Mines Inc. (ABI) | $20.93 Million | -1.59% | 0.08x | $73.15 Million |
| Barrick Gold Corp (ABX) | $31.29 Billion | 1.38% | 0.47x | $68.15 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $137.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.75 Billion | 3.14% | 0.54x | $88.56 Billion |
| Alamos Gold Inc (AGI) | $459.00 Million | 14.31% | 0.15x | $16.47 Billion |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $11.44 Million | -9.87% | 0.03x | $46.11 Million |
| Almaden Minerals Ltd (AMM) | $71.18 Million | -4.93% | 0.07x | $24.82 Million |
About Goldflare Exploration Inc
Goldflare Exploration Inc. engages in the acquisition, exploration, and development of mining properties in Canada. The company explores for gold deposits. The company was formerly known as Typhoon Exploration Inc. and changed its name to Goldflare Exploration Inc. in September 2021. Goldflare Exploration Inc. was incorporated in 1998 and is headquartered in Piedmont, Canada.