Grid Metals Corp (GRDM) - Net Assets
Based on the latest financial reports, Grid Metals Corp (GRDM) has net assets worth CA$25.10K CAD (≈ $18.15K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$542.29K ≈ $392.28K USD) and total liabilities (CA$517.19K ≈ $374.13K 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 Grid Metals Corp asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$25.10K |
| % of Total Assets | 4.63% |
| Annual Growth Rate | -12.9% |
| 5-Year Change | -99.43% |
| 10-Year Change | -99.32% |
| Growth Volatility | 83.66 |
Grid Metals Corp - Net Assets Trend (2001–2024)
This chart illustrates how Grid Metals Corp's net assets have evolved over time, based on quarterly financial data. Also explore Grid Metals Corp (GRDM) total assets for the complete picture of this company's asset base.
Annual Net Assets for Grid Metals Corp (2001–2024)
The table below shows the annual net assets of Grid Metals Corp from 2001 to 2024. For live valuation and market cap data, see market value of Grid Metals Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$178.25K ≈ $128.95K |
-97.08% |
| 2023-12-31 | CA$6.10 Million ≈ $4.41 Million |
-46.99% |
| 2022-12-31 | CA$11.50 Million ≈ $8.32 Million |
+362.95% |
| 2021-12-31 | CA$2.49 Million ≈ $1.80 Million |
-92.00% |
| 2020-12-31 | CA$31.08 Million ≈ $22.48 Million |
+8.39% |
| 2019-12-31 | CA$28.67 Million ≈ $20.74 Million |
-0.89% |
| 2018-12-31 | CA$28.93 Million ≈ $20.93 Million |
-3.29% |
| 2017-12-31 | CA$29.91 Million ≈ $21.64 Million |
+15.94% |
| 2016-12-31 | CA$25.80 Million ≈ $18.66 Million |
-1.12% |
| 2015-12-31 | CA$26.09 Million ≈ $18.87 Million |
-8.46% |
| 2014-12-31 | CA$28.50 Million ≈ $20.62 Million |
-0.73% |
| 2013-12-31 | CA$28.71 Million ≈ $20.77 Million |
+1.62% |
| 2012-12-31 | CA$28.25 Million ≈ $20.44 Million |
+3.70% |
| 2011-12-31 | CA$27.25 Million ≈ $19.71 Million |
+14.88% |
| 2010-12-31 | CA$23.72 Million ≈ $17.16 Million |
+17.10% |
| 2009-12-31 | CA$20.25 Million ≈ $14.65 Million |
+6.20% |
| 2008-12-31 | CA$19.07 Million ≈ $13.80 Million |
+5.76% |
| 2007-12-31 | CA$18.03 Million ≈ $13.04 Million |
+49.72% |
| 2006-12-31 | CA$12.04 Million ≈ $8.71 Million |
+26.78% |
| 2005-12-31 | CA$9.50 Million ≈ $6.87 Million |
-12.17% |
| 2004-12-31 | CA$10.82 Million ≈ $7.82 Million |
+17.85% |
| 2003-12-31 | CA$9.18 Million ≈ $6.64 Million |
+103.09% |
| 2002-12-31 | CA$4.52 Million ≈ $3.27 Million |
+5.77% |
| 2001-12-31 | CA$4.27 Million ≈ $3.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grid Metals 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 7119800800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$75.14 Million | 42155.41% |
| Total Equity | CA$178.25K | 100.00% |
Grid Metals Corp Competitors by Market Cap
The table below lists competitors of Grid Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dignitana AB
ST:DIGN
|
$18.55 Million |
|
Formosa Ingredient Factory PT Tbk
JK:BOBA
|
$18.56 Million |
|
Majuperak Holdings Bhd
KLSE:8141
|
$18.57 Million |
|
EAT WELL INVESTMENT GROUP
F:6BC0
|
$18.57 Million |
|
Highcom Ltd
AU:HCL
|
$18.54 Million |
|
Mr. Onion
TWO:2740
|
$18.54 Million |
|
Asia Poly Holdings Bhd
KLSE:0105
|
$18.53 Million |
|
Aprogen Healthcare & Games Inc
KQ:109960
|
$18.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grid Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,098,131 to 178,255, a change of -5,919,876 (-97.1%).
- Net loss of 6,036,378 reduced equity.
- Other factors increased equity by 116,502.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.04 Million | -3386.37% |
| Other Changes | CA$116.50K | +65.36% |
| Total Change | CA$- | -97.08% |
Book Value vs Market Value Analysis
This analysis compares Grid Metals 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: 126.13x
- 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 0.04x to 126.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$2.45 | CA$0.11 | x |
| 2002-12-31 | CA$2.50 | CA$0.11 | x |
| 2003-12-31 | CA$3.91 | CA$0.11 | x |
| 2004-12-31 | CA$2.74 | CA$0.11 | x |
| 2005-12-31 | CA$2.11 | CA$0.11 | x |
| 2006-12-31 | CA$2.26 | CA$0.11 | x |
| 2007-12-31 | CA$2.78 | CA$0.11 | x |
| 2008-12-31 | CA$2.49 | CA$0.11 | x |
| 2009-12-31 | CA$2.47 | CA$0.11 | x |
| 2010-12-31 | CA$2.50 | CA$0.11 | x |
| 2011-12-31 | CA$1.74 | CA$0.11 | x |
| 2012-12-31 | CA$1.43 | CA$0.11 | x |
| 2013-12-31 | CA$1.25 | CA$0.11 | x |
| 2014-12-31 | CA$1.24 | CA$0.11 | x |
| 2015-12-31 | CA$1.02 | CA$0.11 | x |
| 2016-12-31 | CA$1.01 | CA$0.11 | x |
| 2017-12-31 | CA$1.08 | CA$0.11 | x |
| 2018-12-31 | CA$0.69 | CA$0.11 | x |
| 2019-12-31 | CA$0.67 | CA$0.11 | x |
| 2020-12-31 | CA$0.52 | CA$0.11 | x |
| 2021-12-31 | CA$0.03 | CA$0.11 | x |
| 2022-12-31 | CA$0.09 | CA$0.11 | x |
| 2023-12-31 | CA$0.03 | CA$0.11 | x |
| 2024-12-31 | CA$0.00 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grid Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3386.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 8.61x
- Recent ROE (-3386.37%) is below the historical average (-162.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -31.95% | 0.00% | 0.00x | 1.02x | CA$-1.79 Million |
| 2002 | -23.99% | 0.00% | 0.00x | 1.04x | CA$-1.54 Million |
| 2003 | -16.82% | 0.00% | 0.00x | 1.03x | CA$-2.46 Million |
| 2004 | -21.96% | 0.00% | 0.00x | 1.19x | CA$-3.46 Million |
| 2005 | -56.92% | 0.00% | 0.00x | 1.27x | CA$-6.27 Million |
| 2006 | -4.41% | 0.00% | 0.00x | 1.20x | CA$-1.73 Million |
| 2007 | -2.10% | 0.00% | 0.00x | 1.10x | CA$-2.18 Million |
| 2008 | -3.06% | 0.00% | 0.00x | 1.13x | CA$-2.49 Million |
| 2009 | -1.43% | 0.00% | 0.00x | 1.10x | CA$-2.31 Million |
| 2010 | -1.20% | 0.00% | 0.00x | 1.22x | CA$-2.66 Million |
| 2011 | -1.58% | 0.00% | 0.00x | 1.09x | CA$-3.16 Million |
| 2012 | -4.30% | 0.00% | 0.00x | 1.07x | CA$-4.04 Million |
| 2013 | 0.41% | 0.00% | 0.00x | 1.04x | CA$-2.75 Million |
| 2014 | -1.34% | 0.00% | 0.00x | 1.05x | CA$-3.23 Million |
| 2015 | -9.97% | 0.00% | 0.00x | 1.07x | CA$-5.21 Million |
| 2016 | -1.12% | 0.00% | 0.00x | 1.08x | CA$-2.87 Million |
| 2017 | -0.11% | 0.00% | 0.00x | 1.02x | CA$-3.02 Million |
| 2018 | -3.60% | 0.00% | 0.00x | 1.01x | CA$-3.93 Million |
| 2019 | -2.30% | 0.00% | 0.00x | 1.01x | CA$-3.53 Million |
| 2020 | -7.45% | 0.00% | 0.00x | 1.05x | CA$-5.42 Million |
| 2021 | -155.03% | 0.00% | 0.00x | 1.21x | CA$-4.10 Million |
| 2022 | 2.40% | 0.00% | 0.00x | 1.12x | CA$-874.71K |
| 2023 | -170.08% | 0.00% | 0.00x | 2.10x | CA$-10.98 Million |
| 2024 | -3386.37% | 0.00% | 0.00x | 8.61x | CA$-6.05 Million |
Industry Comparison
This section compares Grid Metals Corp'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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grid Metals Corp (GRDM) | CA$25.10K | -31.95% | 20.61x | $18.54 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Grid Metals Corp
Grid Metals Corp. explores for and develops base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium, cesium, palladium, and platinum group metals. Grid Metals Corp. is headquartered in Toronto, Canada.