Horizon Copper Corp. (HCU) - Net Assets
Based on the latest financial reports, Horizon Copper Corp. (HCU) has net assets worth CA$-92.92 Million CAD (≈ $-67.21 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$517.74 Million ≈ $374.52 Million USD) and total liabilities (CA$610.65 Million ≈ $441.74 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Horizon Copper Corp. balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-92.92 Million |
| % of Total Assets | -17.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 538.27 |
Horizon Copper Corp. - Net Assets Trend (2021–2024)
This chart illustrates how Horizon Copper Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore total assets of Horizon Copper Corp. for the complete picture of this company's asset base.
Annual Net Assets for Horizon Copper Corp. (2021–2024)
The table below shows the annual net assets of Horizon Copper Corp. from 2021 to 2024. For live valuation and market cap data, see HCU company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-51.28 Million ≈ $-37.09 Million |
-1053.28% |
| 2023-12-31 | CA$5.38 Million ≈ $3.89 Million |
-80.21% |
| 2022-12-31 | CA$27.18 Million ≈ $19.66 Million |
+203.75% |
| 2021-12-31 | CA$8.95 Million ≈ $6.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Horizon Copper 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 9668300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$47.38 Million | % |
| Total Equity | CA$-51.28 Million | 100.00% |
Horizon Copper Corp. Competitors by Market Cap
The table below lists competitors of Horizon Copper Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Companhia Estadual de Distribuição de Energia Elétrica
SA:CEED3
|
$130.80 Million |
|
Shanghai Jinjiang International Travel Co Ltd
SHG:900929
|
$130.83 Million |
|
Hooker Furniture Corporation
NASDAQ:HOFT
|
$130.84 Million |
|
Tharimmune Inc.
NASDAQ:THAR
|
$130.84 Million |
|
7C Solarparken AG
XETRA:HRPK
|
$130.67 Million |
|
Motorcycle Holdings Ltd
AU:MTO
|
$130.66 Million |
|
BlackRock Long-Term Municipal Advantage Trust
NYSE:BTA
|
$130.64 Million |
|
I Controls Inc
KO:039570
|
$130.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Horizon Copper Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,379,000 to -51,277,000, a change of -56,656,000 (-1053.3%).
- Net loss of 57,179,000 reduced equity.
- Other factors increased equity by 523,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-57.18 Million | -111.51% |
| Other Changes | CA$523.00K | +1.02% |
| Total Change | CA$- | -1053.28% |
Book Value vs Market Value Analysis
This analysis compares Horizon Copper 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.12 | CA$2.00 | x |
| 2022-12-31 | CA$0.36 | CA$2.00 | x |
| 2023-12-31 | CA$0.06 | CA$2.00 | x |
| 2024-12-31 | CA$-0.59 | CA$2.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Horizon Copper 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -447.38%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-116.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 31.38% | 94.96% | 0.33x | 1.01x | CA$1.91 Million |
| 2022 | -58.21% | 0.00% | 0.00x | 11.06x | CA$-18.54 Million |
| 2023 | -440.27% | -584.16% | 0.01x | 96.72x | CA$-24.22 Million |
| 2024 | 0.00% | -447.38% | 0.02x | 0.00x | CA$-52.05 Million |
Industry Comparison
This section compares Horizon Copper Corp.'s net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $68,569,232
- Average return on equity (ROE) among peers: -31.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Horizon Copper Corp. (HCU) | CA$-92.92 Million | 31.38% | N/A | $130.74 Million |
| Amerigo Resources Ltd. (ARG) | $94.04 Million | -20.19% | 0.53x | $724.65 Million |
| Aranjin Resources Ltd (ARJN) | $-3.44 Million | 0.00% | 0.00x | $993.53K |
| Arizona Sonoran Copper Company Inc (ASCU) | $65.98 Million | -10.82% | 0.05x | $652.36 Million |
| Bell Copper Corp (BCU) | $9.37 Million | -24.94% | 0.06x | $7.41 Million |
| Capstone Mining Corp (CS) | $6.84 Million | -27.19% | 0.05x | $6.22 Billion |
| Copper Fox Metals Inc. (CUU) | $2.22 Million | -26.56% | 0.31x | $227.17 Million |
| Element 29 Resources Inc (ECU) | $12.84 Million | -55.68% | 0.04x | $146.24 Million |
| Ero Copper Corp (ERO) | $103.82 Million | -3.04% | 2.47x | $2.57 Billion |
| Faraday Copper Corp. (FDY) | $4.78 Million | -190.41% | 0.18x | $480.47 Million |
| First Quantum Minerals Ltd (FM) | $389.23 Million | 45.77% | 1.24x | $19.37 Billion |
About Horizon Copper Corp.
As of October 20, 2025, Horizon Copper Corp. was acquired by Royal Gold, Inc. Horizon Copper Corp., together with its subsidiaries, focuses on the copper mining operations. It also explores for silver, zinc, gold, and molybdenum deposits. The company holds a 30% interest in the Hod Maden project located in Artvin Province, northeastern Türkiye; and a 20% interest in the Oyu Tolgoi copper mine whi… Read more