K2 Gold Corporation (KTO) - Net Assets

Latest as of September 2025: CA$30.95 Million CAD

Based on the latest financial reports, K2 Gold Corporation (KTO) has net assets worth CA$30.95 Million 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$31.78 Million) and total liabilities (CA$831.95K). 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$30.95 Million
% of Total Assets 97.38%
Annual Growth Rate 19.43%
5-Year Change 21.59%
10-Year Change N/A
Growth Volatility 81.56

K2 Gold Corporation - Net Assets Trend (2011–2024)

This chart illustrates how K2 Gold Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for K2 Gold Corporation (2011–2024)

The table below shows the annual net assets of K2 Gold Corporation from 2011 to 2024.

Year Net Assets Change
2024-12-31 CA$18.32 Million +11.23%
2023-12-31 CA$16.47 Million +28.56%
2022-12-31 CA$12.81 Million -6.79%
2021-12-31 CA$13.74 Million -8.77%
2020-12-31 CA$15.07 Million +120.42%
2019-12-31 CA$6.84 Million +120.66%
2018-12-31 CA$3.10 Million +11.83%
2017-12-31 CA$2.77 Million +52.59%
2016-12-31 CA$1.82 Million +1044.59%
2015-12-31 CA$-192.17K -106.96%
2014-12-31 CA$2.76 Million -51.54%
2013-12-31 CA$5.70 Million +0.34%
2012-12-31 CA$5.68 Million +212.02%
2011-12-31 CA$1.82 Million --

Equity Component Analysis

This analysis shows how different components contribute to K2 Gold Corporation'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 2169483100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components CA$40.55 Million 221.38%
Total Equity CA$18.32 Million 100.00%

K2 Gold Corporation Competitors by Market Cap

The table below lists competitors of K2 Gold Corporation ranked by their market capitalization.

Company Market Cap
IFGL Refractories Limited
NSE:IFGLEXPOR
 		$140.75 Million
Pollux Investasi Internasional Tbk PT
JK:POLI
 		$140.78 Million
Alldigi Tech Limited
NSE:ALLDIGI
 		$140.83 Million
FLINT Corp.
TO:FLNT
 		$140.84 Million
EcoSynthetix Inc
TO:ECO
 		$140.64 Million
Thai Kin Co. Ltd
TWO:6629
 		$140.64 Million
Seoyon Co Ltd
KO:007860
 		$140.63 Million
Military Insurance Corp
VN:MIG
 		$140.61 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in K2 Gold Corporation's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 16,469,233 to 18,319,413, a change of 1,850,180 (11.2%).
  • Net loss of 800,901 reduced equity.
  • New share issuances of 2,757,500 increased equity.
  • Other comprehensive income decreased equity by 7,396,855.
  • Other factors increased equity by 7,290,436.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-800.90K -4.37%
Share Issuances CA$2.76 Million +15.05%
Other Comprehensive Income CA$-7.40 Million -40.38%
Other Changes CA$7.29 Million +39.8%
Total Change CA$- 11.23%

Book Value vs Market Value Analysis

This analysis compares K2 Gold Corporation'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: 5.73x
  • 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 0.25x to 5.73x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2011-12-31 CA$3.34 CA$0.83 x
2012-12-31 CA$8.25 CA$0.83 x
2013-12-31 CA$5.42 CA$0.83 x
2014-12-31 CA$2.26 CA$0.83 x
2015-12-31 CA$-0.15 CA$0.83 x
2016-12-31 CA$0.37 CA$0.83 x
2017-12-31 CA$0.17 CA$0.83 x
2018-12-31 CA$0.14 CA$0.83 x
2019-12-31 CA$0.21 CA$0.83 x
2020-12-31 CA$0.32 CA$0.83 x
2021-12-31 CA$0.21 CA$0.83 x
2022-12-31 CA$0.20 CA$0.83 x
2023-12-31 CA$0.18 CA$0.83 x
2024-12-31 CA$0.14 CA$0.83 x

Capital Efficiency Dashboard

This dashboard shows how efficiently K2 Gold Corporation 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): -4.37%
  • 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: 1.01x
  • Recent ROE (-4.37%) is above the historical average (-28.13%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 -29.69% 0.00% 0.00x 1.16x CA$-722.41K
2012 -75.56% 0.00% 0.00x 1.01x CA$-4.86 Million
2013 -17.19% 0.00% 0.00x 1.00x CA$-1.55 Million
2014 -118.79% 0.00% 0.00x 1.01x CA$-3.56 Million
2015 0.00% 0.00% 0.00x 0.00x CA$-2.94 Million
2016 -20.93% 0.00% 0.00x 1.10x CA$-561.44K
2017 -38.40% 0.00% 0.00x 1.02x CA$-1.34 Million
2018 -32.48% 0.00% 0.00x 1.02x CA$-1.32 Million
2019 -15.10% 0.00% 0.00x 1.04x CA$-1.72 Million
2020 -11.92% 0.00% 0.00x 1.02x CA$-3.30 Million
2021 -13.21% 0.00% 0.00x 1.03x CA$-3.19 Million
2022 -9.66% 0.00% 0.00x 1.02x CA$-2.52 Million
2023 -6.55% 0.00% 0.00x 1.02x CA$-2.73 Million
2024 -4.37% 0.00% 0.00x 1.01x CA$-2.63 Million

Industry Comparison

This section compares K2 Gold Corporation's net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $37,435,313
  • Average return on equity (ROE) among peers: -27.45%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
K2 Gold Corporation (KTO) CA$30.95 Million -29.69% 0.03x $140.70 Million
Abcourt Mines Inc. (ABI) $-3.13 Million 0.00% 0.00x $86.06 Million
Athabasca Minerals Inc (ABM) $20.44 Million -35.77% 0.45x $3.68 Million
American Eagle Gold Corp (AE) $3.52 Million -143.42% 0.34x $148.82 Million
Aero Energy Limited (AERO) $14.72 Million -5.86% 0.05x $9.68 Million
AIS Resources Ltd (AIS) $1.78 Million -62.23% 0.56x $1.76 Million
Algo Grande Copper Corp. (ALGR) $3.28 Million -19.80% 0.18x $9.71 Million
Alkane Resources Limited (ALK) $309.37 Million 5.71% 0.50x $985.87 Million
Alliance Mining Corp (ALM) $-656.72K 0.00% 0.00x $1.58 Million
Altamira Gold Corp (ALTA) $21.46 Million -7.16% 0.01x $38.60 Million
Argus Metals Corp. (AML) $3.56 Million -6.01% 0.17x $1.59 Million

About K2 Gold Corporation

V:KTO Canada Gold
Market Cap
$140.70 Million
CA$194.50 Million CAD
Market Cap Rank
#19435 Global
#450 in Canada
Share Price
CA$0.83
Change (1 day)
+1.22%
52-Week Range
CA$0.22 - CA$0.89
All Time High
CA$0.90
Categories
Companies in Canada Gold
About

K2 Gold Corporation, a junior mineral exploration company, engages in the exploration and evaluation of mineral resources in Canada and the United States. It primarily explores for gold. The company's flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in Inyo County, California. The company was formerly known as West Melville Metals Inc. and c… Read more