Labrador Gold Corp (LAB) - Net Assets
Based on the latest financial reports, Labrador Gold Corp (LAB) has net assets worth CA$24.53 Million CAD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$24.77 Million) and total liabilities (CA$242.55K). 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$24.53 Million |
| % of Total Assets | 99.02% |
| Annual Growth Rate | 67.57% |
| 5-Year Change | 130.71% |
| 10-Year Change | N/A |
| Growth Volatility | 161.61 |
Labrador Gold Corp - Net Assets Trend (2016–2024)
This chart illustrates how Labrador 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 Labrador Gold Corp (2016–2024)
The table below shows the annual net assets of Labrador Gold Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | CA$31.31 Million | -35.63% |
| 2023-09-30 | CA$48.64 Million | -0.60% |
| 2022-09-30 | CA$48.93 Million | +9.28% |
| 2021-09-30 | CA$44.78 Million | +229.98% |
| 2020-09-30 | CA$13.57 Million | +104.90% |
| 2019-09-30 | CA$6.62 Million | +8.60% |
| 2018-09-30 | CA$6.10 Million | +485.16% |
| 2017-09-30 | CA$1.04 Million | +106.95% |
| 2016-09-30 | CA$503.53K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Labrador 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 2555986000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$66.18 Million | 211.39% |
| Total Equity | CA$31.31 Million | 100.00% |
Labrador Gold Corp Competitors by Market Cap
The table below lists competitors of Labrador Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GENFLOW BIOSCIENCES PLC
F:WQ5
|
$8.61 Million |
|
Edgewater Wireless Systems Inc
V:YFI
|
$8.63 Million |
|
TZ Ltd
AU:TZL
|
$8.64 Million |
|
Patel Integrated Logistics Limited
NSE:PATINTLOG
|
$8.64 Million |
|
Data Storage Corp
NASDAQ:DTST
|
$8.60 Million |
|
Sonnet Biotherapeutics Holdings Inc
NASDAQ:SONN
|
$8.60 Million |
|
Miraculum SA
WAR:MIR
|
$8.60 Million |
|
Banka BioLoo Limited
NSE:BANKA
|
$8.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Labrador Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,637,417 to 31,305,592, a change of -17,331,825 (-35.6%).
- Net loss of 17,440,179 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-17.44 Million | -55.71% |
| Other Changes | CA$108.35K | +0.35% |
| Total Change | CA$- | -35.63% |
Book Value vs Market Value Analysis
This analysis compares Labrador 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: 0.38x
- 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 1.75x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | CA$0.04 | CA$0.07 | x |
| 2018-09-30 | CA$0.12 | CA$0.07 | x |
| 2019-09-30 | CA$0.12 | CA$0.07 | x |
| 2020-09-30 | CA$0.15 | CA$0.07 | x |
| 2021-09-30 | CA$0.29 | CA$0.07 | x |
| 2022-09-30 | CA$0.29 | CA$0.07 | x |
| 2023-09-30 | CA$0.29 | CA$0.07 | x |
| 2024-09-30 | CA$0.18 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Labrador Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -55.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.00x
- Recent ROE (-55.71%) is below the historical average (-14.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -16.17% | 0.00% | 0.00x | 1.10x | CA$-131.80K |
| 2017 | -14.96% | 0.00% | 0.00x | 1.03x | CA$-260.07K |
| 2018 | -10.19% | 0.00% | 0.00x | 1.05x | CA$-1.23 Million |
| 2019 | -8.60% | 0.00% | 0.00x | 1.03x | CA$-1.23 Million |
| 2020 | -15.10% | 0.00% | 0.00x | 1.02x | CA$-3.41 Million |
| 2021 | -6.13% | 0.00% | 0.00x | 1.04x | CA$-7.22 Million |
| 2022 | -2.42% | 0.00% | 0.00x | 1.04x | CA$-6.08 Million |
| 2023 | -1.64% | 0.00% | 0.00x | 1.04x | CA$-5.66 Million |
| 2024 | -55.71% | 0.00% | 0.00x | 1.00x | CA$-20.57 Million |
Industry Comparison
This section compares Labrador Gold Corp'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 |
|---|---|---|---|---|
| Labrador Gold Corp (LAB) | CA$24.53 Million | -16.17% | 0.01x | $8.61 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 Labrador Gold Corp
Labrador Gold Corp. engages in the acquisition and exploration of gold properties in the Americas. The company explores for copper and silver deposits. It owns 100% interest in the Borden Lake property that comprises 219 claims located in Chapleau, Ontario; and the Scotch property consists of 16 claims located in Moncton, New Brunswick. In addition, the company holds 100% interest in the Kingsway… Read more