QcX Gold Corp (QCX) - Net Assets
Based on the latest financial reports, QcX Gold Corp (QCX) has net assets worth CA$4.58 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.71 Million) and total liabilities (CA$132.22K). 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$4.58 Million |
| % of Total Assets | 97.19% |
| Annual Growth Rate | 19.27% |
| 5-Year Change | 18.14% |
| 10-Year Change | N/A |
| Growth Volatility | 150.02 |
QcX Gold Corp - Net Assets Trend (2016–2024)
This chart illustrates how QcX Gold 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 QcX Gold Corp (2016–2024)
The table below shows the annual net assets of QcX Gold Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.00 Million | -4.27% |
| 2023-12-31 | CA$4.18 Million | +7.55% |
| 2022-12-31 | CA$3.88 Million | -3.89% |
| 2021-12-31 | CA$4.04 Million | +19.39% |
| 2020-12-31 | CA$3.38 Million | +522.69% |
| 2019-12-31 | CA$-800.74K | +54.67% |
| 2018-12-31 | CA$-1.77 Million | -403.88% |
| 2017-12-31 | CA$581.34K | -40.45% |
| 2016-12-31 | CA$976.24K | -- |
Equity Component Analysis
This analysis shows how different components contribute to QcX Gold 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 450253700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$19.92 Million | 498.05% |
| Total Equity | CA$4.00 Million | 100.00% |
QcX Gold Corp Competitors by Market Cap
The table below lists competitors of QcX Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Realites
PA:ALREA
|
$2.18 Million |
|
Piippo OYJ
HE:PIIPPO
|
$2.18 Million |
|
China Pharma Holdings Inc
NYSE MKT:CPHI
|
$2.19 Million |
|
CAP-EX IRON ORE
F:X0V
|
$2.19 Million |
|
HN30
F:HN30
|
$2.18 Million |
|
Mlabs Systems Bhd
KLSE:0085
|
$2.18 Million |
|
Hadasit Bio
TA:HDST
|
$2.17 Million |
|
Kneomedia Ltd
AU:KNM
|
$2.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QcX Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,177,020 to 3,998,663, a change of -178,357 (-4.3%).
- Net loss of 178,357 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-178.36K | -4.46% |
| Total Change | CA$- | -4.27% |
Book Value vs Market Value Analysis
This analysis compares QcX Gold 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: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.78x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.07 | CA$0.20 | x |
| 2018-12-31 | CA$-0.22 | CA$0.20 | x |
| 2019-12-31 | CA$-0.03 | CA$0.20 | x |
| 2020-12-31 | CA$0.06 | CA$0.20 | x |
| 2021-12-31 | CA$0.06 | CA$0.20 | x |
| 2022-12-31 | CA$0.59 | CA$0.20 | x |
| 2023-12-31 | CA$0.55 | CA$0.20 | x |
| 2024-12-31 | CA$0.53 | CA$0.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QcX Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-4.46%) is above the historical average (-14.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -25.72% | 0.00% | 0.00x | 1.84x | CA$-348.67K |
| 2017 | -67.93% | 0.00% | 0.00x | 3.12x | CA$-453.03K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.38 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-66.60K |
| 2020 | -23.15% | 0.00% | 0.00x | 1.11x | CA$-1.12 Million |
| 2021 | -3.89% | 0.00% | 0.00x | 1.05x | CA$-561.37K |
| 2022 | -4.04% | 0.00% | 0.00x | 1.05x | CA$-545.41K |
| 2023 | -3.12% | 0.00% | 0.00x | 1.02x | CA$-548.11K |
| 2024 | -4.46% | 0.00% | 0.00x | 1.06x | CA$-578.22K |
Industry Comparison
This section compares QcX Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QcX Gold Corp (QCX) | CA$4.58 Million | -25.72% | 0.03x | $2.18 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About QcX Gold Corp
QcX Gold Corp., a junior mining company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold and volcanic massive sulphide deposits. It holds 100% interests in the Golden Giant project, which covers an area of approximately 18,992 hectares located in the James Bay region of Quebec; an option agreement to acquire 100% in… Read more