K9 Gold Corp (KNC) - Net Assets
Based on the latest financial reports, K9 Gold Corp (KNC) has net assets worth CA$292.19K CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$402.30K) and total liabilities (CA$110.11K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$292.19K |
| % of Total Assets | 72.63% |
| Annual Growth Rate | -15.28% |
| 5-Year Change | -99.82% |
| 10-Year Change | N/A |
| Growth Volatility | 403.17 |
K9 Gold Corp - Net Assets Trend (2016–2024)
This chart illustrates how K9 Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for K9 Gold Corp (2016–2024)
The table below shows the annual net assets of K9 Gold Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$7.17K | -99.89% |
| 2023-12-31 | CA$6.59 Million | -25.33% |
| 2022-12-31 | CA$8.82 Million | +8.75% |
| 2021-12-31 | CA$8.11 Million | +98.09% |
| 2020-12-31 | CA$4.09 Million | +162.14% |
| 2019-12-31 | CA$1.56 Million | -1.92% |
| 2018-12-31 | CA$1.59 Million | +1225.25% |
| 2017-12-31 | CA$120.15K | +344.69% |
| 2016-12-31 | CA$27.02K | -- |
Equity Component Analysis
This analysis shows how different components contribute to K9 Gold 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 1696577900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$20.09 Million | 9105.48% |
| Total Equity | CA$220.63K | 100.00% |
K9 Gold Corp Competitors by Market Cap
The table below lists competitors of K9 Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Foresight Solar Fund Ltd
LSE:FSFL
|
$4.32 Million |
|
NEOLIFE EO -10
F:8JB
|
$4.33 Million |
|
Gungnir Resources Inc
V:GUG
|
$4.33 Million |
|
PolarCool AB (publ)
F:98H0
|
$4.33 Million |
|
Colipays Reunion SA
PA:MLCLP
|
$4.32 Million |
|
Asia Fiber Public Company Limited
BK:AFC
|
$4.32 Million |
|
CirChem AB
ST:CIRCHE
|
$4.32 Million |
|
Yggdrazil Group Public Company Limited
BK:YGG
|
$4.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in K9 Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,796,944 to 220,633, a change of -6,576,311 (-96.8%).
- Net loss of 6,676,311 reduced equity.
- New share issuances of 100,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.68 Million | -3025.98% |
| Share Issuances | CA$100.00K | +45.32% |
| Total Change | CA$- | -96.75% |
Book Value vs Market Value Analysis
This analysis compares K9 Gold 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: 22.95x
- 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 21.62x to 22.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.02 | CA$0.49 | x |
| 2018-12-31 | CA$0.09 | CA$0.49 | x |
| 2019-12-31 | CA$0.09 | CA$0.49 | x |
| 2020-12-31 | CA$0.13 | CA$0.49 | x |
| 2021-12-31 | CA$0.15 | CA$0.49 | x |
| 2022-12-31 | CA$0.10 | CA$0.49 | x |
| 2023-12-31 | CA$0.75 | CA$0.49 | x |
| 2024-12-31 | CA$0.02 | CA$0.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently K9 Gold 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): -3025.98%
- 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: 0.32x
- Recent ROE (-3025.98%) is below the historical average (-372.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 66.35% | 0.00% | 0.00x | 5.50x | CA$15.23K |
| 2017 | -206.74% | 0.00% | 0.00x | 3.38x | CA$-260.41K |
| 2018 | -30.52% | 0.00% | 0.00x | 1.13x | CA$-645.22K |
| 2019 | -5.80% | 0.00% | 0.00x | 1.01x | CA$-246.71K |
| 2020 | -47.61% | 0.00% | 0.00x | 1.03x | CA$-2.36 Million |
| 2021 | -43.42% | 0.00% | 0.00x | 1.02x | CA$-4.33 Million |
| 2022 | -30.51% | 0.00% | 0.00x | 1.08x | CA$-3.40 Million |
| 2023 | -25.82% | 0.00% | 0.00x | 0.98x | CA$-2.43 Million |
| 2024 | -3025.98% | 0.00% | 0.00x | 0.32x | CA$-6.70 Million |
Industry Comparison
This section compares K9 Gold 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: $-404,510
- Average return on equity (ROE) among peers: 31.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| K9 Gold Corp (KNC) | CA$292.19K | 66.35% | 0.38x | $4.32 Million |
| Aftermath Silver Ltd (AAG) | $25.06 Million | -33.91% | 0.29x | $215.07 Million |
| Aton Resources Inc (AAN) | $-1.50 Million | 0.00% | 0.00x | $52.55 Million |
| Asbestos Corporation Limited (AB-H) | $-22.33 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $5.75 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| AE Fuels Corporation (AEF) | $423.41K | -11.49% | 0.28x | $4.95 Million |
| Alphamin Res (AFM) | $272.15K | -48.58% | 0.07x | $1.27 Billion |
| African Metals Corporation (AFR) | $2.33 Million | 446.81% | 0.22x | $1.00 Million |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
About K9 Gold Corp
K9 Gold Corp. engages in the identification, acquisition, and exploration of mineral interests in Canada and the United States. It explores for gold, silver, vanadium, lithium, and uranium deposits. The company was formerly known as Global Vanadium Corp. and changed its name to K9 Gold Corp. in September 2020. K9 Gold Corp. was incorporated in 2007 and is headquartered in West Vancouver, Canada.