Providence Gold Mines (PHD) - Net Assets
Based on the latest financial reports, Providence Gold Mines (PHD) has net assets worth CA$-205.70K CAD (≈ $-148.80K 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$42.63K ≈ $30.84K USD) and total liabilities (CA$248.33K ≈ $179.64K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check PHD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-205.70K |
| % of Total Assets | -482.48% |
| Annual Growth Rate | N/A |
| 5-Year Change | -102.04% |
| 10-Year Change | N/A |
| Growth Volatility | 74.55 |
Providence Gold Mines - Net Assets Trend (2013–2024)
This chart illustrates how Providence Gold Mines's net assets have evolved over time, based on quarterly financial data. See PHD defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Providence Gold Mines (2013–2024)
The table below shows the annual net assets of Providence Gold Mines from 2013 to 2024. For live valuation and market cap data, see PHD stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-58.45K ≈ $-42.28K |
-102.32% |
| 2023-12-31 | CA$2.51 Million ≈ $1.82 Million |
-0.93% |
| 2022-12-31 | CA$2.54 Million ≈ $1.84 Million |
-2.56% |
| 2021-12-31 | CA$2.61 Million ≈ $1.88 Million |
-9.09% |
| 2020-12-31 | CA$2.87 Million ≈ $2.07 Million |
+46.31% |
| 2019-12-31 | CA$1.96 Million ≈ $1.42 Million |
+16.29% |
| 2018-12-31 | CA$1.68 Million ≈ $1.22 Million |
+126.06% |
| 2017-12-31 | CA$745.09K ≈ $538.99K |
+1547.70% |
| 2016-12-31 | CA$-51.47K ≈ $-37.23K |
+26.02% |
| 2015-12-31 | CA$-69.57K ≈ $-50.32K |
-136.25% |
| 2014-12-31 | CA$191.89K ≈ $138.81K |
-66.66% |
| 2013-12-31 | CA$575.64K ≈ $416.41K |
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Equity Component Analysis
This analysis shows how different components contribute to Providence Gold Mines'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 662273100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$7.17 Million | % |
| Total Equity | CA$-58.45K | 100.00% |
Providence Gold Mines Competitors by Market Cap
The table below lists competitors of Providence Gold Mines ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asdion Bhd
KLSE:0068
|
$2.56 Million |
|
Galore Resources Inc
V:GRI
|
$2.57 Million |
|
Century Global Commodities Corp
TO:CNT
|
$2.57 Million |
|
NT Minerals Ltd
AU:NTM
|
$2.57 Million |
|
Dolfines SAS
PA:ALDOL
|
$2.56 Million |
|
Bluechiip Ltd
AU:BCT
|
$2.56 Million |
|
Clear Blue Technologies International Inc
V:CBLU
|
$2.56 Million |
|
Sherborne Investors Guernsey C Ltd
LSE:SIGC
|
$2.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Providence Gold Mines's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,514,916 to -58,451, a change of -2,573,367 (-102.3%).
- Net loss of 2,648,367 reduced equity.
- Other factors increased equity by 75,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.65 Million | -4530.92% |
| Other Changes | CA$75.00K | +128.31% |
| Total Change | CA$- | -102.32% |
Book Value vs Market Value Analysis
This analysis compares Providence Gold Mines'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$0.03 | CA$0.05 | x |
| 2018-12-31 | CA$0.06 | CA$0.05 | x |
| 2019-12-31 | CA$0.05 | CA$0.05 | x |
| 2020-12-31 | CA$0.05 | CA$0.05 | x |
| 2021-12-31 | CA$0.04 | CA$0.05 | x |
| 2022-12-31 | CA$0.04 | CA$0.05 | x |
| 2023-12-31 | CA$0.04 | CA$0.05 | x |
| 2024-12-31 | CA$0.00 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Providence Gold Mines utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-41.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -32.24% | 0.00% | 0.00x | 1.02x | CA$-243.14K |
| 2014 | -263.30% | 0.00% | 0.00x | 6.18x | CA$-524.44K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-254.50K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-161.72K |
| 2017 | -87.20% | 0.00% | 0.00x | 1.24x | CA$-724.25K |
| 2018 | -19.39% | 0.00% | 0.00x | 1.05x | CA$-495.07K |
| 2019 | -36.67% | 0.00% | 0.00x | 1.10x | CA$-914.19K |
| 2020 | -25.93% | 0.00% | 0.00x | 1.03x | CA$-1.03 Million |
| 2021 | -24.78% | 0.00% | 0.00x | 1.03x | CA$-906.00K |
| 2022 | -4.15% | 0.00% | 0.00x | 1.03x | CA$-359.07K |
| 2023 | -4.32% | 0.00% | 0.00x | 1.04x | CA$-360.08K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.64 Million |
Industry Comparison
This section compares Providence Gold Mines's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Providence Gold Mines (PHD) | CA$-205.70K | -32.24% | N/A | $2.56 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Providence Gold Mines
Providence Gold Mines Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties located in Canada and the United States. The company was formerly known as Red Hut Metals Inc. and changed its name to Providence Gold Mines Inc. in July 2017. Providence Gold Mines Inc. was incorporated in 2010 and is based in Surrey, Canada.