Mkango Resources Ltd (MKA) - Net Assets
Based on the latest financial reports, Mkango Resources Ltd (MKA) has net assets worth CA$-1.69 Million CAD (≈ $-1.22 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$13.11 Million ≈ $9.48 Million USD) and total liabilities (CA$14.80 Million ≈ $10.70 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read MKA total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.69 Million |
| % of Total Assets | -12.87% |
| Annual Growth Rate | 20.94% |
| 5-Year Change | 17.18% |
| 10-Year Change | N/A |
| Growth Volatility | 639.26 |
Mkango Resources Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Mkango Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Mkango Resources Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Mkango Resources Ltd (2008–2024)
The table below shows the annual net assets of Mkango Resources Ltd from 2008 to 2024. For live valuation and market cap data, see MKA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$6.43 Million ≈ $4.65 Million |
+41.05% |
| 2023-12-31 | CA$4.56 Million ≈ $3.30 Million |
+491.15% |
| 2022-12-31 | CA$-1.17 Million ≈ $-843.55K |
-129.12% |
| 2021-12-31 | CA$4.00 Million ≈ $2.90 Million |
-27.06% |
| 2020-12-31 | CA$5.49 Million ≈ $3.97 Million |
-41.05% |
| 2019-12-31 | CA$9.31 Million ≈ $6.74 Million |
+716.69% |
| 2018-12-31 | CA$1.14 Million ≈ $824.97K |
+190.99% |
| 2017-12-31 | CA$-1.25 Million ≈ $-906.66K |
-183.81% |
| 2016-12-31 | CA$-441.63K ≈ $-319.47K |
+39.65% |
| 2015-12-31 | CA$-731.81K ≈ $-529.38K |
+56.54% |
| 2014-12-31 | CA$-1.68 Million ≈ $-1.22 Million |
-666.33% |
| 2013-12-31 | CA$297.32K ≈ $215.08K |
-2.43% |
| 2012-12-31 | CA$304.72K ≈ $220.43K |
-89.02% |
| 2011-12-31 | CA$2.78 Million ≈ $2.01 Million |
-58.30% |
| 2010-12-31 | CA$6.65 Million ≈ $4.81 Million |
+1940.47% |
| 2009-12-31 | CA$326.14K ≈ $235.92K |
+6.23% |
| 2008-12-31 | CA$307.02K ≈ $222.09K |
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Equity Component Analysis
This analysis shows how different components contribute to Mkango Resources 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 4720568237.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$51.25 Million | 1321.02% |
| Total Equity | CA$3.88 Million | 100.00% |
Mkango Resources Ltd Competitors by Market Cap
The table below lists competitors of Mkango Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
029 GROUP SE INH O.N.
XETRA:Z29
|
$206.00 Million |
|
Bakkt Holdings Inc
NYSE:BKKT
|
$206.01 Million |
|
Gelecek Varlik Yonetimi AS
IS:GLCVY
|
$206.04 Million |
|
CANAAN INC SP.ADR CL.A
F:35J
|
$206.07 Million |
|
Bursa Cimento Fabrikasi AS
IS:BUCIM
|
$205.94 Million |
|
China Rare Earth Holdings Limited
F:RAE
|
$205.94 Million |
|
KlaraBo Sverige AB Series B
ST:KLARA-B
|
$205.91 Million |
|
Hinduja Global Solutions Limited
NSE:HGS
|
$205.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mkango Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,547,161 to 3,879,719, a change of 1,332,558 (52.3%).
- Net loss of 786,218 reduced equity.
- New share issuances of 2,914,214 increased equity.
- Other comprehensive income increased equity by 70,414.
- Other factors decreased equity by 865,852.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-786.22K | -20.26% |
| Share Issuances | CA$2.91 Million | +75.11% |
| Other Comprehensive Income | CA$70.41K | +1.81% |
| Other Changes | CA$-865.85K | -22.32% |
| Total Change | CA$- | 52.32% |
Book Value vs Market Value Analysis
This analysis compares Mkango Resources 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: 62.79x
- 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 1.38x to 62.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CA$0.59 | CA$0.82 | x |
| 2009-12-31 | CA$0.49 | CA$0.82 | x |
| 2010-12-31 | CA$17.72 | CA$0.82 | x |
| 2011-12-31 | CA$0.22 | CA$0.82 | x |
| 2012-12-31 | CA$0.02 | CA$0.82 | x |
| 2013-12-31 | CA$0.02 | CA$0.82 | x |
| 2014-12-31 | CA$-0.07 | CA$0.82 | x |
| 2015-12-31 | CA$-0.02 | CA$0.82 | x |
| 2016-12-31 | CA$-0.01 | CA$0.82 | x |
| 2017-12-31 | CA$-0.01 | CA$0.82 | x |
| 2018-12-31 | CA$0.05 | CA$0.82 | x |
| 2019-12-31 | CA$0.10 | CA$0.82 | x |
| 2020-12-31 | CA$0.08 | CA$0.82 | x |
| 2021-12-31 | CA$0.03 | CA$0.82 | x |
| 2022-12-31 | CA$-0.01 | CA$0.82 | x |
| 2023-12-31 | CA$0.01 | CA$0.82 | x |
| 2024-12-31 | CA$0.01 | CA$0.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mkango Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.76x
- Recent ROE (-20.26%) is above the historical average (-133.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -54.20% | -4667.26% | 0.01x | 1.03x | CA$-197.10K |
| 2009 | -9.41% | -1607.96% | 0.01x | 1.03x | CA$-63.31K |
| 2010 | -4.79% | -18350.09% | 0.00x | 1.18x | CA$-984.21K |
| 2011 | -129.86% | 0.00% | 0.00x | 1.36x | CA$-3.88 Million |
| 2012 | -938.12% | 0.00% | 0.00x | 1.47x | CA$-2.89 Million |
| 2013 | -638.33% | 0.00% | 0.00x | 1.71x | CA$-1.93 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.14 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$603.48K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-812.75K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.40 Million |
| 2018 | -113.57% | 0.00% | 0.00x | 0.53x | CA$-6.23 Million |
| 2019 | -13.65% | 0.00% | 0.00x | 0.80x | CA$-2.89 Million |
| 2020 | -22.07% | 0.00% | 0.00x | 0.57x | CA$-3.27 Million |
| 2021 | -169.34% | 0.00% | 0.00x | 1.31x | CA$-7.18 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-5.87 Million |
| 2023 | -159.28% | 0.00% | 0.00x | 3.65x | CA$-4.31 Million |
| 2024 | -20.26% | 0.00% | 0.00x | 2.76x | CA$-1.17 Million |
Industry Comparison
This section compares Mkango Resources Ltd'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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mkango Resources Ltd (MKA) | CA$-1.69 Million | -54.20% | N/A | $205.95 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Mkango Resources Ltd
Mkango Resources Ltd., together with its subsidiaries, explores for and develops rare earth elements and associated minerals in Malawi, United Kingdom, and Poland. The company also explores for uranium, tantalum, niobium, rutile, nickel, cobalt, corundum, zircon, ilmenite, gold, graphite, base metals, platinum group metals, vanadium, chromium, and niobium deposits. Its flagship project is the Son… Read more