Royal Road Minerals Ltd Net Assets

Latest as of September 2025: CA$5.38 Million CAD ≈ $3.89 Million USD

Royal Road Minerals Ltd net assets. Based on the latest financial reports, Royal Road Minerals Ltd (RYR) has net assets worth CA$5.38 Million CAD (≈ $3.89 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$5.55 Million ≈ $4.01 Million USD) and total liabilities (CA$168.25K ≈ $121.71K 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 Royal Road Minerals Ltd annual equity growth to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$5.38 Million
% of Total Assets	96.97%
Annual Growth Rate	14.84%
5-Year Change	-52.16%
10-Year Change	896.76%
Growth Volatility	190.68

Net Assets of Royal Road Minerals Ltd (2013–2024)

Net assets of Royal Road Minerals Ltd from 2013 to 2024. This chart illustrates how Royal Road Minerals Ltd's net assets have evolved over time, based on quarterly financial data. See Royal Road Minerals Ltd (RYR) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Royal Road Minerals Ltd (2013–2024)

The table below shows the annual net assets of Royal Road Minerals Ltd from 2013 to 2024. For live market cap and overall valuation, see how much is Royal Road Minerals Ltd worth.

Year	Net Assets	Change
2024-12-31	CA$9.51 Million ≈ $6.88 Million	-31.61%
2023-12-31	CA$13.91 Million ≈ $10.06 Million	-48.66%
2022-12-31	CA$27.09 Million ≈ $19.60 Million	-30.03%
2021-12-31	CA$38.72 Million ≈ $28.01 Million	+94.71%
2020-12-31	CA$19.88 Million ≈ $14.38 Million	+52.03%
2019-12-31	CA$13.08 Million ≈ $9.46 Million	+84.73%
2018-12-31	CA$7.08 Million ≈ $5.12 Million	+36.94%
2017-12-31	CA$5.17 Million ≈ $3.74 Million	+647.90%
2016-12-31	CA$691.26K ≈ $500.04K	-27.56%
2015-12-31	CA$954.23K ≈ $690.27K	-69.26%
2014-12-31	CA$3.10 Million ≈ $2.25 Million	+49.53%
2013-12-31	CA$2.08 Million ≈ $1.50 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Royal Road Minerals Ltd'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 3449981100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Royal Road Minerals Ltd Net Assets Breakdown (December 2024)

Royal Road Minerals Ltd net assets breakdown by equity component as of December 2024.

Component	Amount	Percentage
Other Components	CA$48.26 Million	507.41%
Total Equity	CA$9.51 Million	100.00%

Royal Road Minerals Ltd Competitors by Market Cap

The table below lists competitors of Royal Road Minerals Ltd ranked by their market capitalization.

Company	Market Cap
Korea Steel Co Ltd KO:007280	$36.11 Million
American Tungsten & Antimony Ltd AU:AT4	$36.13 Million
Grande Portage Resources Ltd V:GPG	$36.14 Million
Pacific Booker Minerals Inc. V:BKM	$36.16 Million
Citigold Corporation Ltd AU:CTO	$36.09 Million
Samchuly Bicycle Co. Ltd KQ:024950	$36.08 Million
XPLUS SA ZY -01 F:75R	$36.08 Million
Sunny Elec KO:004770	$36.07 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Royal Road Minerals Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 13,907,551 to 9,511,368, a change of -4,396,183 (-31.6%).
Net loss of 4,626,266 reduced equity.
Other comprehensive income decreased equity by 2,689,039.
Other factors increased equity by 2,919,122.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-4.63 Million	-48.64%
Other Comprehensive Income	CA$-2.69 Million	-28.27%
Other Changes	CA$2.92 Million	+30.69%
Total Change	CA$-	-31.61%

Book Value vs Market Value Analysis

This analysis compares Royal Road Minerals Ltd'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: 4.75x
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 increased from 2.88x to 4.75x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	CA$0.06	CA$0.17	x
2014-12-31	CA$0.09	CA$0.17	x
2015-12-31	CA$0.03	CA$0.17	x
2016-12-31	CA$0.01	CA$0.17	x
2017-12-31	CA$0.04	CA$0.17	x
2018-12-31	CA$0.04	CA$0.17	x
2019-12-31	CA$0.07	CA$0.17	x
2020-12-31	CA$0.08	CA$0.17	x
2021-12-31	CA$0.15	CA$0.17	x
2022-12-31	CA$0.10	CA$0.17	x
2023-12-31	CA$0.05	CA$0.17	x
2024-12-31	CA$0.04	CA$0.17	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Royal Road Minerals Ltd 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): -48.64%
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: 1.03x
Recent ROE (-48.64%) is above the historical average (-71.62%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-13.94%	-5129.99%	0.00x	1.04x	CA$-497.00K
2014	-58.77%	-1572856.03%	0.00x	1.52x	CA$-2.13 Million
2015	-225.48%	0.00%	0.00x	1.17x	CA$-2.25 Million
2016	-230.64%	0.00%	0.00x	1.25x	CA$-1.79 Million
2017	-43.14%	0.00%	0.00x	1.02x	CA$-2.81 Million
2018	-56.03%	0.00%	0.00x	1.02x	CA$-4.72 Million
2019	-36.80%	0.00%	0.00x	1.01x	CA$-6.12 Million
2020	-30.11%	0.00%	0.00x	1.01x	CA$-7.98 Million
2021	40.83%	0.00%	0.00x	1.02x	CA$11.94 Million
2022	-45.52%	0.00%	0.00x	1.04x	CA$-15.04 Million
2023	-111.20%	0.00%	0.00x	1.03x	CA$-16.86 Million
2024	-48.64%	0.00%	0.00x	1.03x	CA$-5.58 Million

Industry Comparison

This section compares Royal Road Minerals Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $677,650,424
Average return on equity (ROE) among peers: -20.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Royal Road Minerals Ltd (RYR)	CA$5.38 Million	-13.94%	0.03x	$36.09 Million
Allied Gold Corporation (AAUC)	$111.36 Million	-6.66%	4.92x	$2.40 Billion
Abcourt Mines Inc. (ABI)	$-3.13 Million	0.00%	0.00x	$47.48 Million
Barrick Gold Corp (ABX)	$3.85 Billion	10.41%	0.78x	$61.83 Billion
American Eagle Gold Corp (AE)	$830.83K	-165.75%	0.05x	$133.41 Million
Agnico Eagle Mines Limited (AEM)	$110.01 Million	9.00%	1.33x	$85.78 Billion
Alamos Gold Inc (AGI)	$2.70 Billion	3.57%	0.26x	$11.51 Billion
AIS Resources Ltd (AIS)	$2.27 Million	1.48%	0.03x	$2.02 Million
Alliance Mining Corp (ALM)	$-2.44 Million	0.00%	0.00x	$2.09 Million
Altamira Gold Corp (ALTA)	$2.59 Million	-43.05%	0.10x	$38.63 Million
Almaden Minerals Ltd (AMM)	$9.85 Million	-13.46%	0.05x	$24.82 Million

About Royal Road Minerals Ltd

V:RYR Canada Gold

Market Cap

$36.09 Million

CA$49.89 Million CAD

Market Cap Rank

#22884 Global

#816 in Canada

Share Price

CA$0.17

Change (1 day)

+0.00%

52-Week Range

CA$0.16 - CA$0.26

All Time High

CA$0.46