Mirasol Resources Ltd (MRZ) - Net Assets
Based on the latest financial reports, Mirasol Resources Ltd (MRZ) has net assets worth CA$-1.20 Million CAD (≈ $-866.76K 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$2.24 Million ≈ $1.62 Million USD) and total liabilities (CA$3.44 Million ≈ $2.48 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Mirasol Resources Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.20 Million |
| % of Total Assets | -53.56% |
| Annual Growth Rate | 12.75% |
| 5-Year Change | -80.0% |
| 10-Year Change | -85.75% |
| Growth Volatility | 128.74 |
Mirasol Resources Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Mirasol Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Mirasol Resources Ltd for the complete picture of this company's asset base.
Annual Net Assets for Mirasol Resources Ltd (2004–2024)
The table below shows the annual net assets of Mirasol Resources Ltd from 2004 to 2024. For live valuation and market cap data, see Mirasol Resources Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | CA$3.69 Million ≈ $2.67 Million |
-60.40% |
| 2023-06-30 | CA$9.31 Million ≈ $6.73 Million |
+19.28% |
| 2022-06-30 | CA$7.80 Million ≈ $5.64 Million |
-36.73% |
| 2021-06-30 | CA$12.33 Million ≈ $8.92 Million |
-33.09% |
| 2020-06-30 | CA$18.43 Million ≈ $13.33 Million |
-22.94% |
| 2019-06-30 | CA$23.91 Million ≈ $17.30 Million |
-19.12% |
| 2018-06-30 | CA$29.57 Million ≈ $21.39 Million |
+20.50% |
| 2017-06-30 | CA$24.54 Million ≈ $17.75 Million |
+18.94% |
| 2016-06-30 | CA$20.63 Million ≈ $14.92 Million |
-20.24% |
| 2015-06-30 | CA$25.87 Million ≈ $18.71 Million |
-22.69% |
| 2014-06-30 | CA$33.46 Million ≈ $24.20 Million |
-26.71% |
| 2013-06-30 | CA$45.65 Million ≈ $33.03 Million |
+361.02% |
| 2012-06-30 | CA$9.90 Million ≈ $7.16 Million |
+1.78% |
| 2011-06-30 | CA$9.73 Million ≈ $7.04 Million |
+88.49% |
| 2010-06-30 | CA$5.16 Million ≈ $3.73 Million |
+40.48% |
| 2009-06-30 | CA$3.67 Million ≈ $2.66 Million |
-33.28% |
| 2008-06-30 | CA$5.51 Million ≈ $3.98 Million |
-21.21% |
| 2007-06-30 | CA$6.99 Million ≈ $5.06 Million |
+11.25% |
| 2006-06-30 | CA$6.28 Million ≈ $4.55 Million |
+315.55% |
| 2005-06-30 | CA$1.51 Million ≈ $1.09 Million |
+352.39% |
| 2004-06-30 | CA$334.26K ≈ $241.80K |
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Equity Component Analysis
This analysis shows how different components contribute to Mirasol 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 8648032800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$90.44 Million | 2453.96% |
| Total Equity | CA$3.69 Million | 100.00% |
Mirasol Resources Ltd Competitors by Market Cap
The table below lists competitors of Mirasol Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Critical Resources Ltd
AU:CRR
|
$20.18 Million |
|
Wellchange Holdings Company Limited
NASDAQ:WCT
|
$20.19 Million |
|
Impedimed Ltd
AU:IPD
|
$20.20 Million |
|
Vincit Group Oyj
HE:VINCIT
|
$20.20 Million |
|
Empire Metals Corp
V:EP
|
$20.16 Million |
|
LS telcom AG
XETRA:LSX
|
$20.16 Million |
|
Aston Minerals Ltd
AU:ASO
|
$20.16 Million |
|
SE-Education Public Company Limited
BK:SE-ED
|
$20.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mirasol Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,306,100 to 3,685,566, a change of -5,620,534 (-60.4%).
- Net loss of 8,921,987 reduced equity.
- New share issuances of 2,332,556 increased equity.
- Other comprehensive income decreased equity by 19,548,305.
- Other factors increased equity by 20,517,202.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-8.92 Million | -242.08% |
| Share Issuances | CA$2.33 Million | +63.29% |
| Other Comprehensive Income | CA$-19.55 Million | -530.4% |
| Other Changes | CA$20.52 Million | +556.69% |
| Total Change | CA$- | -60.40% |
Book Value vs Market Value Analysis
This analysis compares Mirasol 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: 5.96x
- 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 2.93x to 5.96x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-06-30 | CA$0.11 | CA$0.32 | x |
| 2005-06-30 | CA$0.19 | CA$0.32 | x |
| 2006-06-30 | CA$0.41 | CA$0.32 | x |
| 2007-06-30 | CA$0.28 | CA$0.32 | x |
| 2008-06-30 | CA$0.19 | CA$0.32 | x |
| 2009-06-30 | CA$0.12 | CA$0.32 | x |
| 2010-06-30 | CA$0.16 | CA$0.32 | x |
| 2011-06-30 | CA$0.26 | CA$0.32 | x |
| 2012-06-30 | CA$0.24 | CA$0.32 | x |
| 2013-06-30 | CA$1.01 | CA$0.32 | x |
| 2014-06-30 | CA$0.74 | CA$0.32 | x |
| 2015-06-30 | CA$0.57 | CA$0.32 | x |
| 2016-06-30 | CA$0.47 | CA$0.32 | x |
| 2017-06-30 | CA$0.51 | CA$0.32 | x |
| 2018-06-30 | CA$0.60 | CA$0.32 | x |
| 2019-06-30 | CA$0.44 | CA$0.32 | x |
| 2020-06-30 | CA$0.34 | CA$0.32 | x |
| 2021-06-30 | CA$0.23 | CA$0.32 | x |
| 2022-06-30 | CA$0.14 | CA$0.32 | x |
| 2023-06-30 | CA$0.16 | CA$0.32 | x |
| 2024-06-30 | CA$0.05 | CA$0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mirasol Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -242.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.17x
- Recent ROE (-242.08%) is below the historical average (-57.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -82.68% | 0.00% | 0.00x | 1.36x | CA$-309.79K |
| 2005 | -44.66% | 0.00% | 0.00x | 1.09x | CA$-826.50K |
| 2006 | -17.14% | 0.00% | 0.00x | 1.02x | CA$-1.71 Million |
| 2007 | -28.77% | 0.00% | 0.00x | 1.02x | CA$-2.71 Million |
| 2008 | -42.11% | 0.00% | 0.00x | 1.04x | CA$-2.87 Million |
| 2009 | -55.75% | 0.00% | 0.00x | 1.04x | CA$-2.42 Million |
| 2010 | -43.16% | 0.00% | 0.00x | 1.03x | CA$-2.74 Million |
| 2011 | -131.40% | 0.00% | 0.00x | 1.08x | CA$-13.76 Million |
| 2012 | -163.01% | 0.00% | 0.00x | 1.10x | CA$-17.13 Million |
| 2013 | 72.63% | 0.00% | 0.00x | 1.13x | CA$28.59 Million |
| 2014 | -36.56% | -116090.58% | 0.00x | 1.01x | CA$-15.58 Million |
| 2015 | -30.62% | 0.00% | 0.00x | 1.04x | CA$-10.51 Million |
| 2016 | -29.17% | -33988.61% | 0.00x | 1.04x | CA$-8.08 Million |
| 2017 | -28.31% | 0.00% | 0.00x | 1.02x | CA$-9.40 Million |
| 2018 | -14.68% | 0.00% | 0.00x | 1.03x | CA$-7.30 Million |
| 2019 | -35.73% | 0.00% | 0.00x | 1.05x | CA$-10.94 Million |
| 2020 | -32.27% | 0.00% | 0.00x | 1.04x | CA$-7.79 Million |
| 2021 | -49.85% | 0.00% | 0.00x | 1.09x | CA$-7.38 Million |
| 2022 | -67.01% | 0.00% | 0.00x | 1.09x | CA$-6.01 Million |
| 2023 | -105.27% | 0.00% | 0.00x | 1.10x | CA$-10.73 Million |
| 2024 | -242.08% | 0.00% | 0.00x | 1.17x | CA$-9.29 Million |
Industry Comparison
This section compares Mirasol Resources Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mirasol Resources Ltd (MRZ) | CA$-1.20 Million | -82.68% | N/A | $20.18 Million |
| AbraSilver Resource Corp. (ABRA) | $8.76 Million | -117.42% | 2.77x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $7.61 Million | -10.85% | 0.15x | $1.73 Million |
| Adyton Resources Corp (ADY) | $276.14K | -90.50% | 0.96x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.83 Million | -11.80% | 0.15x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $79.55 Million | 12.51% | 0.72x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $33.89 Million | -9.22% | 0.12x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $14.12 Million | -24.77% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $26.52 Million | -4.99% | 0.01x | $3.47 Million |
About Mirasol Resources Ltd
Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties in Chile and Argentina. The company explores for gold, silver, and copper deposits. Its flagship project is the Sobek Cu project, which covers an area of s 14,240 hectares located in northern Chile. Mirasol Resources Ltd. was incorporated in 2003 and is headquartered in Vancouver, Canada.