Richmond Minerals Inc (RMD) - Net Assets
Based on the latest financial reports, Richmond Minerals Inc (RMD) has net assets worth CA$2.20 Million CAD (≈ $1.59 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.57 Million ≈ $1.86 Million USD) and total liabilities (CA$362.96K ≈ $262.56K 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. Also explore how large is Richmond Minerals Inc's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.20 Million |
| % of Total Assets | 85.86% |
| Annual Growth Rate | 23.98% |
| 5-Year Change | 3.33% |
| 10-Year Change | 1016.05% |
| Growth Volatility | 80.78 |
Richmond Minerals Inc - Net Assets Trend (2014–2024)
This chart illustrates how Richmond Minerals Inc's net assets have evolved over time, based on quarterly financial data. Check Richmond Minerals Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Richmond Minerals Inc (2014–2024)
The table below shows the annual net assets of Richmond Minerals Inc from 2014 to 2024. For live valuation and market cap data, see RMD market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-05-31 | CA$2.16 Million ≈ $1.57 Million |
-13.68% |
| 2023-05-31 | CA$2.51 Million ≈ $1.81 Million |
-6.04% |
| 2022-05-31 | CA$2.67 Million ≈ $1.93 Million |
-3.85% |
| 2021-05-31 | CA$2.77 Million ≈ $2.01 Million |
+32.50% |
| 2020-05-31 | CA$2.09 Million ≈ $1.51 Million |
+55.32% |
| 2019-05-31 | CA$1.35 Million ≈ $975.17K |
-0.49% |
| 2018-05-31 | CA$1.35 Million ≈ $979.97K |
+40.49% |
| 2017-05-31 | CA$964.29K ≈ $697.55K |
+34.82% |
| 2016-05-31 | CA$715.22K ≈ $517.38K |
+268.93% |
| 2015-05-31 | CA$193.86K ≈ $140.24K |
-23.08% |
| 2014-05-31 | CA$252.04K ≈ $182.32K |
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Equity Component Analysis
This analysis shows how different components contribute to Richmond Minerals 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 391850900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$21.72 Million | 1004.09% |
| Total Equity | CA$2.16 Million | 100.00% |
Richmond Minerals Inc Competitors by Market Cap
The table below lists competitors of Richmond Minerals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crown Capital Partners Inc
TO:CRWN
|
$3.41 Million |
|
Poddar Housing and Development Limited
NSE:PODDARHOUS
|
$3.41 Million |
|
Vintage Energy Ltd
AU:VEN
|
$3.41 Million |
|
Riwi Corp
V:RIWI
|
$3.41 Million |
|
KOYJ Co. Ltd
KQ:121850
|
$3.41 Million |
|
Smooth Rock Ventures Corp
V:SMRV
|
$3.40 Million |
|
Kaushalya Infrastructure Development Corporation Limited
NSE:KAUSHALYA
|
$3.40 Million |
|
Prophecy International Holdings Ltd
AU:PRO
|
$3.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Richmond Minerals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,506,425 to 2,163,614, a change of -342,811 (-13.7%).
- Net loss of 760,036 reduced equity.
- New share issuances of 340,000 increased equity.
- Other factors increased equity by 77,225.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-760.04K | -35.13% |
| Share Issuances | CA$340.00K | +15.71% |
| Other Changes | CA$77.22K | +3.57% |
| Total Change | CA$- | -13.68% |
Book Value vs Market Value Analysis
This analysis compares Richmond Minerals 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: 2.18x
- 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 7.22x to 2.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-05-31 | CA$0.02 | CA$0.13 | x |
| 2018-05-31 | CA$0.02 | CA$0.13 | x |
| 2019-05-31 | CA$0.02 | CA$0.13 | x |
| 2020-05-31 | CA$0.02 | CA$0.13 | x |
| 2021-05-31 | CA$0.02 | CA$0.13 | x |
| 2022-05-31 | CA$0.02 | CA$0.13 | x |
| 2023-05-31 | CA$0.09 | CA$0.13 | x |
| 2024-05-31 | CA$0.06 | CA$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Richmond Minerals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -35.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.30x
- Recent ROE (-35.13%) is above the historical average (-53.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -146.33% | 0.00% | 0.00x | 3.03x | CA$-394.03K |
| 2015 | -201.30% | 0.00% | 0.00x | 4.82x | CA$-409.63K |
| 2016 | -72.75% | 0.00% | 0.00x | 1.08x | CA$-591.81K |
| 2017 | -30.06% | 0.00% | 0.00x | 1.06x | CA$-386.27K |
| 2018 | -16.42% | 0.00% | 0.00x | 1.06x | CA$-357.86K |
| 2019 | -20.74% | 0.00% | 0.00x | 1.14x | CA$-414.40K |
| 2020 | -34.94% | 0.00% | 0.00x | 1.21x | CA$-940.95K |
| 2021 | -13.48% | 0.00% | 0.00x | 1.10x | CA$-651.42K |
| 2022 | -7.18% | 0.00% | 0.00x | 1.13x | CA$-458.18K |
| 2023 | -6.35% | 0.00% | 0.00x | 1.20x | CA$-409.79K |
| 2024 | -35.13% | 0.00% | 0.00x | 1.30x | CA$-976.40K |
Industry Comparison
This section compares Richmond Minerals 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: $13,953,686
- Average return on equity (ROE) among peers: -5038.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Richmond Minerals Inc (RMD) | CA$2.20 Million | -146.33% | 0.16x | $3.41 Million |
| AbraSilver Resource Corp. (ABRA) | $33.61 Million | -16.94% | 0.02x | $1.57 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $2.76 Million |
| Arctic Star Exploration Corp (ADD) | $4.08 Million | -49.44% | 0.03x | $1.73 Million |
| Adyton Resources Corp (ADY) | $12.43 Million | -5.18% | 0.02x | $56.05 Million |
| Adamera Minerals Corp. (ADZ) | $1.61 Million | -69.06% | 0.37x | $4.32 Million |
| Austral Gold Ltd (AGLD) | $14.10 Million | -82.86% | 4.95x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $38.86 Million | -12.39% | 0.09x | $9.06 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $35.13 Million |
| American Creek Resources Ltd (AMK) | $2.30 Million | 6.72% | 0.04x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $25.22 Million | -5.36% | 0.02x | $4.54 Million |
About Richmond Minerals Inc
Richmond Minerals Inc. engages in the exploration, development, and evaluation of base and precious metals in Canada. It holds 100% interest in Ridley Lake Gold property which consists of 196 contiguous unpatented mineral claims located in the Swayze Area, Porcupine Mining Division, Raney and Rollo Townships, Ontario. The company was formerly known as Aavdex Corp. and changed its name to Richmond… Read more