Gold Basin Resources Corp (GXX) - Net Assets
Based on the latest financial reports, Gold Basin Resources Corp (GXX) has net assets worth CA$19.35 Million CAD (≈ $13.99 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$21.24 Million ≈ $15.36 Million USD) and total liabilities (CA$1.89 Million ≈ $1.37 Million 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. Read how much debt does Gold Basin Resources Corp carry for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$19.35 Million |
| % of Total Assets | 91.09% |
| Annual Growth Rate | 161.67% |
| 5-Year Change | 6258.6% |
| 10-Year Change | N/A |
| Growth Volatility | 1981.19 |
Gold Basin Resources Corp - Net Assets Trend (2018–2023)
This chart illustrates how Gold Basin Resources Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Gold Basin Resources Corp for the complete picture of this company's asset base.
Annual Net Assets for Gold Basin Resources Corp (2018–2023)
The table below shows the annual net assets of Gold Basin Resources Corp from 2018 to 2023. For live valuation and market cap data, see Gold Basin Resources Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CA$19.19 Million ≈ $13.88 Million |
+0.64% |
| 2022-12-31 | CA$19.06 Million ≈ $13.79 Million |
-0.68% |
| 2021-12-31 | CA$19.19 Million ≈ $13.88 Million |
+25.18% |
| 2020-12-31 | CA$15.33 Million ≈ $11.09 Million |
+4981.73% |
| 2019-12-31 | CA$301.72K ≈ $218.26K |
+92.80% |
| 2018-12-31 | CA$156.49K ≈ $113.20K |
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Equity Component Analysis
This analysis shows how different components contribute to Gold Basin Resources 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 889459400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$28.16 Million | 146.81% |
| Total Equity | CA$19.19 Million | 100.00% |
Gold Basin Resources Corp Competitors by Market Cap
The table below lists competitors of Gold Basin Resources Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASTROTECH CORP.
F:SP5
|
$4.24 Million |
|
Kane Biotech Inc
V:KNE
|
$4.24 Million |
|
Beston Global Food Company Ltd
AU:BFC
|
$4.24 Million |
|
Kuke Music Holding Ltd
NYSE:KUKE
|
$4.24 Million |
|
ABM International Limited
NSE:ABMINTLLTD
|
$4.23 Million |
|
ADDvise Group AB A
ST:ADDV-A
|
$4.23 Million |
|
GoldOn Resources Ltd
V:GLD
|
$4.23 Million |
|
Enterprise Metals Ltd
AU:ENT
|
$4.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gold Basin Resources Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 19,063,134 to 19,185,036, a change of 121,902 (0.6%).
- Net loss of 2,170,746 reduced equity.
- New share issuances of 2,024,047 increased equity.
- Other factors increased equity by 268,601.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.17 Million | -11.31% |
| Share Issuances | CA$2.02 Million | +10.55% |
| Other Changes | CA$268.60K | +1.4% |
| Total Change | CA$- | 0.64% |
Book Value vs Market Value Analysis
This analysis compares Gold Basin Resources 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: 0.27x
- 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 decreased from 3.82x to 0.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CA$0.01 | CA$0.05 | x |
| 2019-12-31 | CA$0.02 | CA$0.05 | x |
| 2020-12-31 | CA$0.22 | CA$0.05 | x |
| 2021-12-31 | CA$0.21 | CA$0.05 | x |
| 2022-12-31 | CA$0.21 | CA$0.05 | x |
| 2023-12-31 | CA$0.17 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gold Basin Resources Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -11.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-11.31%) is above the historical average (-25.06%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -39.94% | 0.00% | 0.00x | 1.00x | CA$-78.16K |
| 2019 | -60.86% | 0.00% | 0.00x | 1.02x | CA$-213.80K |
| 2020 | -20.52% | 0.00% | 0.00x | 1.03x | CA$-4.68 Million |
| 2021 | -9.99% | 0.00% | 0.00x | 1.01x | CA$-3.84 Million |
| 2022 | -7.75% | 0.00% | 0.00x | 1.02x | CA$-3.38 Million |
| 2023 | -11.31% | 0.00% | 0.00x | 1.02x | CA$-4.09 Million |
Industry Comparison
This section compares Gold Basin Resources Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,534,498,549
- Average return on equity (ROE) among peers: -16.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gold Basin Resources Corp (GXX) | CA$19.35 Million | -39.94% | 0.10x | $4.24 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.60 Billion |
| Abcourt Mines Inc. (ABI) | $25.14 Million | 6.90% | 0.34x | $86.06 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $63.93 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $138.81 Million |
| Agnico Eagle Mines Limited (AEM) | $152.14 Million | 0.14% | 0.98x | $90.48 Billion |
| Alamos Gold Inc (AGI) | $2.74 Billion | -2.44% | 0.32x | $16.27 Billion |
| AIS Resources Ltd (AIS) | $710.09K | -3.25% | 0.03x | $1.76 Million |
| Alliance Mining Corp (ALM) | $-1.62 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $1.70 Million | -35.22% | 0.08x | $38.60 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About Gold Basin Resources Corp
Gold Basin Resources Corporation engages in the acquisition, exploration, and development of mineral property assets in North America. The company explores for gold deposits. It primarily holds interest in the Gold Basin property, which comprises five mineral rights and 294 unpatented mining claims, covering an area of 7,669.34 acres located in Mohave County, Arizona. The company was formerly kno… Read more