Goldflare Exploration Inc (GOFL) - Net Assets
Based on the latest financial reports, Goldflare Exploration Inc (GOFL) has net assets worth CA$3.02 Million CAD (≈ $2.19 Million USD) as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.55 Million ≈ $2.57 Million USD) and total liabilities (CA$529.97K ≈ $383.37K 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 strategically is Goldflare Exploration Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.02 Million |
| % of Total Assets | 85.08% |
| Annual Growth Rate | -16.59% |
| 5-Year Change | 17.12% |
| 10-Year Change | N/A |
| Growth Volatility | 46.04 |
Goldflare Exploration Inc - Net Assets Trend (2018–2026)
This chart illustrates how Goldflare Exploration Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Goldflare Exploration Inc (GOFL) total market value.
Annual Net Assets for Goldflare Exploration Inc (2018–2026)
The table below shows the annual net assets of Goldflare Exploration Inc from 2018 to 2026. Also explore Goldflare Exploration Inc annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-02-28 | CA$3.02 Million ≈ $2.19 Million |
-15.99% |
| 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 1436637600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$31.94 Million | 1056.89% |
| Total Equity | CA$3.02 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 |
|---|---|
|
BRAXIA SCIENTIFIC CORP.
F:4960
|
$566.56K |
|
Ecoclime Group AB Series B
ST:ECC-B
|
$567.02K |
|
Founder Group Limited Ordinary Shares
NASDAQ:FGL
|
$568.59K |
|
Aptorum Group Ltd Class A
NASDAQ:APM
|
$570.06K |
|
Foncière 7 investissement Société Anonyme
PA:LEBL
|
$563.20K |
|
Ilika plc
LSE:IKA
|
$562.63K |
|
Splash Beverage Group Inc
NYSE MKT:SBEV
|
$561.46K |
|
MCS Services Ltd
AU:MSG
|
$560.67K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldflare Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2026, total equity changed from 3,597,580 to 3,022,160, a change of -575,420 (-16.0%).
- Net loss of 416,586 reduced equity.
- New share issuances of 15,000 increased equity.
- Other factors decreased equity by 173,834.
Equity Change Factors (2024 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-416.59K | -13.78% |
| Share Issuances | CA$15.00K | +0.5% |
| Other Changes | CA$-173.83K | -5.75% |
| Total Change | CA$- | -15.99% |
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: 0.26x
- 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 0.09x to 0.26x 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$0.03 | x |
| 2019-02-28 | CA$0.06 | CA$0.03 | x |
| 2020-02-29 | CA$0.03 | CA$0.03 | x |
| 2021-02-28 | CA$0.04 | CA$0.03 | x |
| 2022-02-28 | CA$0.03 | CA$0.03 | x |
| 2023-02-28 | CA$0.03 | CA$0.03 | x |
| 2024-02-29 | CA$0.16 | CA$0.03 | x |
| 2026-02-28 | CA$0.12 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldflare Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -13.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.18x
- Recent ROE (-13.78%) is above the historical average (-70.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -3.01% | 0.00% | 0.00x | 1.10x | CA$-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 |
| 2026 | -13.78% | 0.00% | 0.00x | 1.18x | CA$-718.80K |
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: $2,262,404,164
- Average return on equity (ROE) among peers: -29.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldflare Exploration Inc (GOFL) | CA$3.02 Million | -3.01% | 0.18x | $564.64K |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.72 Billion |
| Abcourt Mines Inc. (ABI) | $20.11 Million | -1.76% | 0.05x | $64.74 Million |
| Barrick Gold Corp (ABX) | $5.43 Billion | 4.75% | 0.42x | $72.82 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $168.99 Million |
| Agnico Eagle Mines Limited (AEM) | $16.24 Billion | 4.13% | 0.45x | $103.35 Billion |
| Alamos Gold Inc (AGI) | $459.00 Million | 14.31% | 0.15x | $15.20 Billion |
| AIS Resources Ltd (AIS) | $2.11 Million | -4.60% | 0.02x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-3.11 Million | 0.00% | 0.00x | $1.90 Million |
| Altamira Gold Corp (ALTA) | $3.23 Million | -116.98% | 0.10x | $47.47 Million |
| Almaden Minerals Ltd (AMM) | $48.07 Million | -21.30% | 0.02x | $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. It holds interests in the Aiguebelle-Goldfields property consists of 6 mining claims that covers approximately 253.85 hectares located in the Rouyn-Noranda, Abitibi-Temiscamingue region; and Syenite Condor Property consists of 15 mining claims… Read more