Ridgeline Minerals Corp (RDG) - Net Assets
Based on the latest financial reports, Ridgeline Minerals Corp (RDG) has net assets worth CA$15.88 Million CAD (≈ $11.49 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$16.79 Million ≈ $12.15 Million USD) and total liabilities (CA$914.50K ≈ $661.54K 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 RDG PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$15.88 Million |
| % of Total Assets | 94.55% |
| Annual Growth Rate | 35.87% |
| 5-Year Change | 74.91% |
| 10-Year Change | N/A |
| Growth Volatility | 60.86 |
Ridgeline Minerals Corp - Net Assets Trend (2019–2024)
This chart illustrates how Ridgeline Minerals Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see RDG market cap overview.
Annual Net Assets for Ridgeline Minerals Corp (2019–2024)
The table below shows the annual net assets of Ridgeline Minerals Corp from 2019 to 2024. Also explore Ridgeline Minerals Corp (RDG) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$11.37 Million ≈ $8.23 Million |
-1.14% |
| 2023-12-31 | CA$11.50 Million ≈ $8.32 Million |
+28.10% |
| 2022-12-31 | CA$8.98 Million ≈ $6.50 Million |
+6.06% |
| 2021-12-31 | CA$8.47 Million ≈ $6.12 Million |
+30.23% |
| 2020-12-31 | CA$6.50 Million ≈ $4.70 Million |
+164.89% |
| 2019-12-31 | CA$2.45 Million ≈ $1.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ridgeline Minerals 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 541223500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$17.06 Million | 150.00% |
| Total Equity | CA$11.37 Million | 100.00% |
Ridgeline Minerals Corp Competitors by Market Cap
The table below lists competitors of Ridgeline Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Union Materials Corp
KO:047400
|
$26.07 Million |
|
Team Young Advanced Technology Co Ltd
TWO:5345
|
$26.08 Million |
|
Thaire Life Assurance Public Company Limited
BK:THREL
|
$26.09 Million |
|
Fancamp Exploration Ltd.
V:FNC
|
$26.09 Million |
|
Avax One Technology Ltd.
NASDAQ:AVX
|
$26.06 Million |
|
Origin Materials Inc
NASDAQ:ORGN
|
$26.06 Million |
|
Sufrin Holdings Ltd
TA:SFRN
|
$26.01 Million |
|
Wooree Bio Co.Ltd
KQ:082850
|
$25.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ridgeline Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,501,724 to 11,370,223, a change of -131,501 (-1.1%).
- Net loss of 1,049,876 reduced equity.
- New share issuances of 1,614,836 increased equity.
- Other factors decreased equity by 696,461.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.05 Million | -9.23% |
| Share Issuances | CA$1.61 Million | +14.2% |
| Other Changes | CA$-696.46K | -6.13% |
| Total Change | CA$- | -1.14% |
Book Value vs Market Value Analysis
This analysis compares Ridgeline Minerals 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: 2.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.90x to 2.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.05 | CA$0.25 | x |
| 2020-12-31 | CA$0.14 | CA$0.25 | x |
| 2021-12-31 | CA$0.15 | CA$0.25 | x |
| 2022-12-31 | CA$0.13 | CA$0.25 | x |
| 2023-12-31 | CA$0.13 | CA$0.25 | x |
| 2024-12-31 | CA$0.10 | CA$0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ridgeline Minerals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-9.23%) is above the historical average (-12.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -11.11% | 0.00% | 0.00x | 1.01x | CA$-518.02K |
| 2020 | -19.60% | 0.00% | 0.00x | 1.03x | CA$-1.92 Million |
| 2021 | -14.34% | 0.00% | 0.00x | 1.02x | CA$-2.06 Million |
| 2022 | -10.81% | 0.00% | 0.00x | 1.09x | CA$-1.87 Million |
| 2023 | -7.86% | 0.00% | 0.00x | 1.02x | CA$-2.05 Million |
| 2024 | -9.23% | 0.00% | 0.00x | 1.05x | CA$-2.19 Million |
Industry Comparison
This section compares Ridgeline Minerals Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,806,604,298
- Average return on equity (ROE) among peers: -12.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ridgeline Minerals Corp (RDG) | CA$15.88 Million | -11.11% | 0.06x | $26.07 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $2.96 Billion |
| Abcourt Mines Inc. (ABI) | $-1.87 Million | 0.00% | 0.00x | $73.38 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $75.04 Billion |
| American Eagle Gold Corp (AE) | $26.36 Million | -47.09% | 0.05x | $173.44 Million |
| Agnico Eagle Mines Limited (AEM) | $4.95 Billion | 4.93% | 0.59x | $103.74 Billion |
| Alamos Gold Inc (AGI) | $660.47 Million | 17.86% | 0.14x | $15.54 Billion |
| AIS Resources Ltd (AIS) | $871.52K | 4.59% | 0.02x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-3.11 Million | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $15.01 Million | -10.64% | 0.03x | $47.47 Million |
| Almaden Minerals Ltd (AMM) | $2.95 Million | -97.40% | 2.99x | $24.82 Million |
About Ridgeline Minerals Corp
Ridgeline Minerals Corp., together with its subsidiaries, engages in the exploration of mineral property interests in the states of Nevada and Idaho, United States. The company primarily explores for gold, lead, zinc, copper, and silver deposits. The company was formerly known as Carlin-Type Holdings Ltd. and changed its name to Ridgeline Minerals Corp. in December 2019. Ridgeline Minerals Corp. … Read more