Lake Victoria Gold Ltd. Net Assets
Lake Victoria Gold Ltd. net assets. Based on the latest financial reports, Lake Victoria Gold Ltd. (LVG) has net assets worth CA$17.18 Million CAD (≈ $12.43 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$21.71 Million ≈ $15.71 Million USD) and total liabilities (CA$4.53 Million ≈ $3.28 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. Also explore net asset growth rate of Lake Victoria Gold Ltd. to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$17.18 Million |
| % of Total Assets | 79.12% |
| Annual Growth Rate | 23.63% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 101.66 |
Net Assets of Lake Victoria Gold Ltd. (2021–2025)
Net assets of Lake Victoria Gold Ltd. from 2021 to 2025. This chart illustrates how Lake Victoria Gold Ltd.'s net assets have evolved over time, based on quarterly financial data. See Lake Victoria Gold Ltd. (LVG) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Lake Victoria Gold Ltd. (2021–2025)
The table below shows the annual net assets of Lake Victoria Gold Ltd. from 2021 to 2025. For live market cap and overall valuation, see Lake Victoria Gold Ltd. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$16.40 Million ≈ $11.87 Million |
+224.16% |
| 2024-12-31 | CA$5.06 Million ≈ $3.66 Million |
-19.13% |
| 2023-12-31 | CA$6.26 Million ≈ $4.53 Million |
+3.16% |
| 2022-12-31 | CA$6.07 Million ≈ $4.39 Million |
-13.61% |
| 2021-12-31 | CA$7.02 Million ≈ $5.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lake Victoria Gold Ltd.'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 1292031800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Lake Victoria Gold Ltd. Net Assets Breakdown (December 2025)
Lake Victoria Gold Ltd. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$85.87 Million | 523.50% |
| Total Equity | CA$16.40 Million | 100.00% |
Lake Victoria Gold Ltd. Competitors by Market Cap
The table below lists competitors of Lake Victoria Gold Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Carnival Industrial Corp
TW:1417
|
$47.63 Million |
|
EUDA Health Holdings Limited
NASDAQ:EUDA
|
$47.64 Million |
|
Nuveen New York Select Tax-Free Income Portfolio
NYSE:NXN
|
$47.65 Million |
|
CoAsia Corporation
KQ:045970
|
$47.65 Million |
|
Axonics Modulation Technologies Inc
NASDAQ:AXNX
|
$47.59 Million |
|
Loyal Metals Ltd
AU:LLM
|
$47.58 Million |
|
Changhae Ethanol Co. Ltd
KQ:004650
|
$47.56 Million |
|
Elsoft Research Bhd
KLSE:0090
|
$47.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lake Victoria Gold Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,060,326 to 16,403,405, a change of 11,343,079 (224.2%).
- Net loss of 3,436,763 reduced equity.
- New share issuances of 7,894,220 increased equity.
- Other factors increased equity by 6,885,622.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.44 Million | -20.95% |
| Share Issuances | CA$7.89 Million | +48.13% |
| Other Changes | CA$6.89 Million | +41.98% |
| Total Change | CA$- | 224.16% |
Book Value vs Market Value Analysis
This analysis compares Lake Victoria Gold Ltd.'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: 3.87x
- 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 decreased from 4.41x to 3.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CA$0.07 | CA$0.33 | x |
| 2022-12-31 | CA$0.06 | CA$0.33 | x |
| 2023-12-31 | CA$0.06 | CA$0.33 | x |
| 2024-12-31 | CA$0.05 | CA$0.33 | x |
| 2025-12-31 | CA$0.08 | CA$0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lake Victoria Gold Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.13x
- Recent ROE (-20.95%) is above the historical average (-42.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -27.11% | 0.00% | 0.00x | 1.08x | CA$-2.61 Million |
| 2022 | -54.34% | 0.00% | 0.00x | 1.18x | CA$-3.90 Million |
| 2023 | -46.99% | 0.00% | 0.00x | 1.19x | CA$-3.57 Million |
| 2024 | -64.17% | 0.00% | 0.00x | 1.76x | CA$-3.75 Million |
| 2025 | -20.95% | 0.00% | 0.00x | 1.13x | CA$-5.08 Million |
Industry Comparison
This section compares Lake Victoria Gold Ltd.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $677,650,424
- Average return on equity (ROE) among peers: -20.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lake Victoria Gold Ltd. (LVG) | CA$17.18 Million | -27.11% | 0.26x | $47.62 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $2.40 Billion |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $47.48 Million |
| Barrick Gold Corp (ABX) | $3.85 Billion | 10.41% | 0.78x | $61.83 Billion |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $133.41 Million |
| Agnico Eagle Mines Limited (AEM) | $110.01 Million | 9.00% | 1.33x | $85.78 Billion |
| Alamos Gold Inc (AGI) | $2.70 Billion | 3.57% | 0.26x | $11.51 Billion |
| AIS Resources Ltd (AIS) | $2.27 Million | 1.48% | 0.03x | $2.02 Million |
| Alliance Mining Corp (ALM) | $-2.44 Million | 0.00% | 0.00x | $2.09 Million |
| Altamira Gold Corp (ALTA) | $2.59 Million | -43.05% | 0.10x | $38.63 Million |
| Almaden Minerals Ltd (AMM) | $9.85 Million | -13.46% | 0.05x | $24.82 Million |
About Lake Victoria Gold Ltd.
Lake Victoria Gold Ltd., a junior mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Tanzania. The company primarily explores gold deposits. Its projects include the Tembo gold property located in the Lake Victoria goldfield district in northwest Tanzania; and the Imwelo Gold project technical work programs, including drilling, metallurg… Read more