Midasco Capital Corp
Spartan Metals Corp. engages in developing critical minerals projects in the Western United States. The company explores in tungsten, rubidium, antimony, indium, bismuth, and arsenic deposits, as well as precious and base metals. Its flagship project is the Eagle Project located in eastern Nevada. The company was formerly known as Midasco Capital Corp. and changed its name to Spartan Metals Corp.… Read more
Midasco Capital Corp (MGC-H) - Net Assets
Latest net assets as of June 2025: CA$336.13K CAD
Based on the latest financial reports, Midasco Capital Corp (MGC-H) has net assets worth CA$336.13K 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$336.13K) and total liabilities (CA$0.00). 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$336.13K |
| % of Total Assets | 100.0% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1057.21 |
Midasco Capital Corp - Net Assets Trend (2013–2024)
This chart illustrates how Midasco Capital 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 Midasco Capital Corp (2013–2024)
The table below shows the annual net assets of Midasco Capital Corp from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$19.59K | -72.11% |
| 2023-12-31 | CA$70.23K | -45.63% |
| 2022-12-31 | CA$129.16K | -28.03% |
| 2021-12-31 | CA$179.45K | +208.97% |
| 2020-12-31 | CA$-164.68K | -126.52% |
| 2019-12-31 | CA$-72.70K | -2489.84% |
| 2018-12-31 | CA$3.04K | +107.22% |
| 2017-12-31 | CA$-42.15K | +57.43% |
| 2016-12-31 | CA$-99.01K | -1580.15% |
| 2015-12-31 | CA$-5.89K | +97.65% |
| 2014-12-31 | CA$-250.84K | +19.33% |
| 2013-12-31 | CA$-310.94K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Midasco Capital 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 67815000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$16.21 Million | 82747.12% |
| Total Equity | CA$19.59K | 100.00% |
Midasco Capital Corp Competitors by Market Cap
The table below lists competitors of Midasco Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capstone Holding Corp. Common Stock
NASDAQ:CAPS
|
$3.74 Million |
|
Trident Gold Corp.
V:TTG
|
$3.74 Million |
|
Design Co. Ltd
KQ:227100
|
$3.74 Million |
|
Vision Lithium Inc
OTCQB:ABEPF
|
$3.75 Million |
|
Agripower France Sa
PA:ALAGP
|
$3.74 Million |
|
Tiga Gaming Inc.
TWO:6536
|
$3.74 Million |
|
GAMING FAC. SA B ZY 01
F:9JU
|
$3.74 Million |
|
Orange Minerals NL
AU:OMX
|
$3.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Midasco Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,230 to 19,585, a change of -50,645 (-72.1%).
- Net loss of 50,645 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-50.65K | -258.59% |
| Total Change | CA$- | -72.11% |
Book Value vs Market Value Analysis
This analysis compares Midasco Capital 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: 336.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.00 | CA$0.40 | x |
| 2018-12-31 | CA$0.00 | CA$0.40 | x |
| 2019-12-31 | CA$-0.01 | CA$0.40 | x |
| 2020-12-31 | CA$-0.01 | CA$0.40 | x |
| 2021-12-31 | CA$0.01 | CA$0.40 | x |
| 2022-12-31 | CA$0.01 | CA$0.40 | x |
| 2023-12-31 | CA$0.00 | CA$0.40 | x |
| 2024-12-31 | CA$0.00 | CA$0.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Midasco Capital Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -258.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.41x
- Recent ROE (-258.59%) is above the historical average (-305.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-91.10K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-14.81K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$36.20K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-83.22K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-76.42K |
| 2018 | -3238.17% | 0.00% | 0.00x | 33.82x | CA$-98.81K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-68.47K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-75.51K |
| 2021 | -41.25% | 0.00% | 0.00x | 1.03x | CA$-91.97K |
| 2022 | -38.94% | 0.00% | 0.00x | 1.06x | CA$-63.21K |
| 2023 | -83.91% | 0.00% | 0.00x | 1.14x | CA$-65.95K |
| 2024 | -258.59% | 0.00% | 0.00x | 1.41x | CA$-52.60K |
Industry Comparison
This section compares Midasco Capital Corp's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $320,719
- Average return on equity (ROE) among peers: -15.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Midasco Capital Corp (MGC-H) | CA$336.13K | 0.00% | 0.00x | $3.74 Million |
| First Tidal Acquisition Corp. (AAA-P) | $271.64K | -12.76% | 0.07x | $106.95K |
| AAJ Capital 3 Corp. (AAAJ-P) | $176.31K | -28.45% | 0.14x | $50.13K |
| AD4 Capital Corp. (ADJ-P) | $498.36K | 0.00% | 0.06x | $10.44K |
| AF2 Capital Corp (AF-P) | $125.52K | -22.68% | 0.19x | $45.26K |
| AIM5 Ventures Inc (AIME-P) | $236.65K | -15.61% | 0.12x | $151.51K |
| Apolo IV Acquisition Corp (AIV-P) | $1.13 Million | -19.92% | 0.03x | $33.42K |
| A-Labs Capital II Corp (ALAB-P) | $166.02K | -34.30% | 0.10x | $38.61K |
| Albatros Acquisition Corporation Inc. (ALBT-P) | $155.00K | 0.00% | 0.13x | $13.43K |
| Altina Capital Corp (ALTN-P) | $-3.34K | 0.00% | 0.00x | $65.59K |
| AMG Acquisition Corp (AMG-P) | $454.39K | -24.61% | 0.02x | $54.31K |