Ridgestone Mining Inc (RMI) - Net Assets
Based on the latest financial reports, Ridgestone Mining Inc (RMI) has net assets worth CA$-646.51K CAD (≈ $-467.68K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$86.50K ≈ $62.57K USD) and total liabilities (CA$733.02K ≈ $530.25K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RMI intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-646.51K |
| % of Total Assets | -747.4% |
| Annual Growth Rate | N/A |
| 5-Year Change | -127.82% |
| 10-Year Change | N/A |
| Growth Volatility | 71.33 |
Ridgestone Mining Inc - Net Assets Trend (2017–2025)
This chart illustrates how Ridgestone Mining Inc's net assets have evolved over time, based on quarterly financial data. See Ridgestone Mining Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ridgestone Mining Inc (2017–2025)
The table below shows the annual net assets of Ridgestone Mining Inc from 2017 to 2025. For live valuation and market cap data, see Ridgestone Mining Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$-660.31K ≈ $-477.66K |
-175.54% |
| 2024-12-31 | CA$874.16K ≈ $632.36K |
-23.25% |
| 2023-12-31 | CA$1.14 Million ≈ $823.88K |
-44.99% |
| 2022-12-31 | CA$2.07 Million ≈ $1.50 Million |
-12.78% |
| 2021-12-31 | CA$2.37 Million ≈ $1.72 Million |
+76.51% |
| 2020-12-31 | CA$1.34 Million ≈ $972.73K |
-20.92% |
| 2019-12-31 | CA$1.70 Million ≈ $1.23 Million |
+59.50% |
| 2018-12-31 | CA$1.07 Million ≈ $771.14K |
-34.83% |
| 2017-12-31 | CA$1.64 Million ≈ $1.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ridgestone Mining 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 1151580400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$11.12 Million | % |
| Total Equity | CA$-660.31K | 100.00% |
Ridgestone Mining Inc Competitors by Market Cap
The table below lists competitors of Ridgestone Mining Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DigiAsia Corp
NASDAQ:FAAS
|
$1.94 Million |
|
Winsome Yarns Limited
NSE:WINSOME
|
$1.95 Million |
|
Kovo Healthtech Corp
V:KOVO
|
$1.95 Million |
|
Totalindo Eka Persada Tbk PT
JK:TOPS
|
$1.95 Million |
|
Chinhung International Inc
KO:002785
|
$1.93 Million |
|
Lambo Group Bhd
KLSE:0018
|
$1.93 Million |
|
Biodexa Pharmaceticals
NASDAQ:BDRX
|
$1.93 Million |
|
Nortec Minerals Corp
V:NVT
|
$1.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ridgestone Mining Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 874,163 to -660,308, a change of -1,534,471 (-175.5%).
- Net loss of 1,534,471 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.53 Million | -232.39% |
| Total Change | CA$- | -175.54% |
Book Value vs Market Value Analysis
This analysis compares Ridgestone Mining 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.09 | CA$0.18 | x |
| 2018-12-31 | CA$0.04 | CA$0.18 | x |
| 2019-12-31 | CA$0.05 | CA$0.18 | x |
| 2020-12-31 | CA$0.03 | CA$0.18 | x |
| 2021-12-31 | CA$0.02 | CA$0.18 | x |
| 2022-12-31 | CA$0.39 | CA$0.18 | x |
| 2023-12-31 | CA$0.07 | CA$0.18 | x |
| 2024-12-31 | CA$0.06 | CA$0.18 | x |
| 2025-12-31 | CA$-0.04 | CA$0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ridgestone Mining Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-91.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -216.87% | 0.00% | 0.00x | 1.06x | CA$-2.42 Million |
| 2019 | -72.50% | 0.00% | 0.00x | 1.09x | CA$-1.40 Million |
| 2020 | -157.82% | 0.00% | 0.00x | 1.53x | CA$-2.26 Million |
| 2021 | -75.80% | 0.00% | 0.00x | 1.10x | CA$-2.04 Million |
| 2022 | -25.36% | 0.00% | 0.00x | 1.34x | CA$-732.03K |
| 2023 | -151.52% | 0.00% | 0.00x | 1.38x | CA$-1.84 Million |
| 2024 | -30.29% | 0.00% | 0.00x | 1.59x | CA$-352.17K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.47 Million |
Industry Comparison
This section compares Ridgestone Mining Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ridgestone Mining Inc (RMI) | CA$-646.51K | -216.87% | N/A | $1.94 Million |
| Aftermath Silver Ltd (AAG) | $-1.02 Million | 0.00% | 0.00x | $195.23 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $42.41 Million |
| Arbor Metals Corp (ABR) | $153.43K | -30.35% | 0.39x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $-251.39K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $66.13 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $7.22 Million | -119.49% | 0.12x | $159.74 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.33 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $425.46 Million |
About Ridgestone Mining Inc
Ridgestone Mining Inc. engages in the identification, acquisition, exploration, and development of mineral projects in Mexico. Its flagship property includes the Alaska copper-gold property that comprises 10 mining concessions covering an area of 3,292 hectares located in Sonora, Mexico. The company was incorporated in 2017 and is based in Vancouver, Canada.