Rackla Metals Inc (RAK) - Net Assets
Based on the latest financial reports, Rackla Metals Inc (RAK) has net assets worth CA$11.84 Million CAD (≈ $8.56 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$13.14 Million ≈ $9.51 Million USD) and total liabilities (CA$1.31 Million ≈ $944.91K 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 tangible net worth ratio of Rackla Metals Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$11.84 Million |
| % of Total Assets | 90.06% |
| Annual Growth Rate | 11.77% |
| 5-Year Change | 6632.39% |
| 10-Year Change | 2023.31% |
| Growth Volatility | 542.81 |
Rackla Metals Inc - Net Assets Trend (2013–2024)
This chart illustrates how Rackla Metals Inc's net assets have evolved over time, based on quarterly financial data. See Rackla Metals Inc liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Rackla Metals Inc (2013–2024)
The table below shows the annual net assets of Rackla Metals Inc from 2013 to 2024. For live valuation and market cap data, see Rackla Metals Inc (RAK) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.03 Million ≈ $2.91 Million |
+81.06% |
| 2023-12-31 | CA$2.22 Million ≈ $1.61 Million |
-34.75% |
| 2022-12-31 | CA$3.41 Million ≈ $2.47 Million |
+232.65% |
| 2021-12-31 | CA$1.02 Million ≈ $741.30K |
+1613.20% |
| 2020-12-31 | CA$59.82K ≈ $43.27K |
+126.24% |
| 2019-12-31 | CA$-228.00K ≈ $-164.93K |
-7880.26% |
| 2018-12-31 | CA$-2.86K ≈ $-2.07K |
-102.02% |
| 2017-12-31 | CA$141.24K ≈ $102.17K |
+589.09% |
| 2016-12-31 | CA$-28.88K ≈ $-20.89K |
-115.23% |
| 2015-12-31 | CA$189.66K ≈ $137.20K |
+78.09% |
| 2014-12-31 | CA$106.49K ≈ $77.04K |
-91.01% |
| 2013-12-31 | CA$1.18 Million ≈ $856.84K |
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Equity Component Analysis
This analysis shows how different components contribute to Rackla Metals 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 1186085700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$22.14 Million | 549.76% |
| Total Equity | CA$4.03 Million | 100.00% |
Rackla Metals Inc Competitors by Market Cap
The table below lists competitors of Rackla Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innovative Rfk SpA
PA:MLIRF
|
$16.50 Million |
|
Motorsport Gaming Us LLC
NASDAQ:MSGM
|
$16.50 Million |
|
BSA Ltd
AU:BSA
|
$16.52 Million |
|
Smartlink Holdings Limited
NSE:SMARTLINK
|
$16.52 Million |
|
ParaZero Technologies Ltd. Ordinary Shares
NASDAQ:PRZO
|
$16.49 Million |
|
Safestore Holdings Plc
LSE:SAFE
|
$16.49 Million |
|
Yimutian Inc. American Depositary Shares
NASDAQ:YMT
|
$16.48 Million |
|
Mitchells & Butlers PLC
LSE:MAB
|
$16.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rackla Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,224,158 to 4,027,048, a change of 1,802,890 (81.1%).
- Net loss of 3,168,399 reduced equity.
- New share issuances of 5,856,184 increased equity.
- Other factors decreased equity by 884,895.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.17 Million | -78.68% |
| Share Issuances | CA$5.86 Million | +145.42% |
| Other Changes | CA$-884.89K | -21.97% |
| Total Change | CA$- | 81.06% |
Book Value vs Market Value Analysis
This analysis compares Rackla Metals 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
- Current price-to-book ratio: 3.74x
- 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 decreased from 19.92x to 3.74x 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$0.01 | CA$0.14 | x |
| 2018-12-31 | CA$0.00 | CA$0.14 | x |
| 2019-12-31 | CA$-0.01 | CA$0.14 | x |
| 2020-12-31 | CA$0.00 | CA$0.14 | x |
| 2021-12-31 | CA$0.03 | CA$0.14 | x |
| 2022-12-31 | CA$0.06 | CA$0.14 | x |
| 2023-12-31 | CA$0.03 | CA$0.14 | x |
| 2024-12-31 | CA$0.04 | CA$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rackla Metals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -78.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-78.68%) is above the historical average (-188.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -369.21% | 0.00% | 0.00x | 1.03x | CA$-4.49 Million |
| 2014 | -1015.08% | 0.00% | 0.00x | 1.96x | CA$-1.09 Million |
| 2015 | -85.33% | 0.00% | 0.00x | 1.22x | CA$-180.80K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-216.40K |
| 2017 | -57.08% | 0.00% | 0.00x | 2.59x | CA$-94.75K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-162.42K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-250.25K |
| 2020 | -368.53% | 0.00% | 0.00x | 1.80x | CA$-226.42K |
| 2021 | -21.65% | 0.00% | 0.00x | 1.29x | CA$-324.30K |
| 2022 | -49.24% | 0.00% | 0.00x | 1.37x | CA$-2.02 Million |
| 2023 | -218.02% | 0.00% | 0.00x | 1.22x | CA$-5.07 Million |
| 2024 | -78.68% | 0.00% | 0.00x | 1.12x | CA$-3.57 Million |
Industry Comparison
This section compares Rackla Metals Inc'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 |
|---|---|---|---|---|
| Rackla Metals Inc (RAK) | CA$11.84 Million | -369.21% | 0.11x | $16.50 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 Rackla Metals Inc
Rackla Metals Inc., gold exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for gold deposit. Its flagship project is the Grad property consisting of five claims covering an area of approximately 5,525 hectares located in the Northwest Territories, Canada. Rackla Metals Inc. was incorporated in 2011 and is headquarter… Read more