P2 Gold Inc (PGLD) - Net Assets
Based on the latest financial reports, P2 Gold Inc (PGLD) has net assets worth CA$9.52 Million CAD (≈ $6.89 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$12.11 Million ≈ $8.76 Million USD) and total liabilities (CA$2.59 Million ≈ $1.87 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 P2 Gold Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$9.52 Million |
| % of Total Assets | 78.61% |
| Annual Growth Rate | N/A |
| 5-Year Change | -226.78% |
| 10-Year Change | N/A |
| Growth Volatility | 242.44 |
P2 Gold Inc - Net Assets Trend (2017–2024)
This chart illustrates how P2 Gold Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of P2 Gold Inc for the complete picture of this company's asset base.
Annual Net Assets for P2 Gold Inc (2017–2024)
The table below shows the annual net assets of P2 Gold Inc from 2017 to 2024. For live valuation and market cap data, see PGLD market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-2.21 Million ≈ $-1.60 Million |
+76.40% |
| 2023-12-31 | CA$-9.36 Million ≈ $-6.77 Million |
+4.83% |
| 2022-12-31 | CA$-9.83 Million ≈ $-7.11 Million |
-121.14% |
| 2021-12-31 | CA$-4.45 Million ≈ $-3.22 Million |
-355.24% |
| 2020-12-31 | CA$1.74 Million ≈ $1.26 Million |
+238.48% |
| 2019-12-31 | CA$514.76K ≈ $372.37K |
-68.85% |
| 2018-12-31 | CA$1.65 Million ≈ $1.20 Million |
+607.54% |
| 2017-12-31 | CA$-325.58K ≈ $-235.52K |
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Equity Component Analysis
This analysis shows how different components contribute to P2 Gold Inc'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 4853265300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$46.80 Million | % |
| Total Equity | CA$-2.21 Million | 100.00% |
P2 Gold Inc Competitors by Market Cap
The table below lists competitors of P2 Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Acconeer AB
ST:ACCON
|
$114.55 Million |
|
CF Acquisition VII Corp
NASDAQ:CFFS
|
$114.61 Million |
|
Clover Corporation Ltd
AU:CLV
|
$114.62 Million |
|
Maiden Holdings Ltd
NASDAQ:MHLD
|
$114.64 Million |
|
Poh Kong Holdings Bhd
KLSE:5080
|
$114.36 Million |
|
TOPTEC Co. Ltd
KQ:108230
|
$114.30 Million |
|
Azerion Group N.V.
AS:AZRN
|
$114.29 Million |
|
Repare Therapeutics Inc
NASDAQ:RPTX
|
$114.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in P2 Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -9,359,315 to -2,208,931, a change of 7,150,384.
- Net income of 4,148,527 contributed positively to equity growth.
- New share issuances of 1,492,000 increased equity.
- Other factors increased equity by 1,509,857.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$4.15 Million | +187.81% |
| Share Issuances | CA$1.49 Million | +67.54% |
| Other Changes | CA$1.51 Million | +68.35% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares P2 Gold Inc'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-0.04 | CA$0.72 | x |
| 2018-12-31 | CA$0.19 | CA$0.72 | x |
| 2019-12-31 | CA$0.06 | CA$0.72 | x |
| 2020-12-31 | CA$0.06 | CA$0.72 | x |
| 2021-12-31 | CA$-0.06 | CA$0.72 | x |
| 2022-12-31 | CA$-0.11 | CA$0.72 | x |
| 2023-12-31 | CA$-0.09 | CA$0.72 | x |
| 2024-12-31 | CA$-0.01 | CA$0.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently P2 Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-85.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -54.73% | 0.00% | 0.00x | 1.31x | CA$-1.07 Million |
| 2019 | -253.45% | 0.00% | 0.00x | 1.29x | CA$-1.36 Million |
| 2020 | -287.67% | 0.00% | 0.00x | 1.07x | CA$-5.19 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-26.94 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-11.95 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-3.52 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$4.37 Million |
Industry Comparison
This section compares P2 Gold Inc'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 |
|---|---|---|---|---|
| P2 Gold Inc (PGLD) | CA$9.52 Million | -54.73% | 0.27x | $114.47 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 P2 Gold Inc
P2 Gold Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral resource properties primarily in the United States. It primarily explores for gold, copper, and silver deposits. The company holds a 100% interest in the Gabbs project that consists of 543 unpatented lode mining claims and one patented lode mining claim covering 4,500 hectares located … Read more