Goldspot Discoveries Corp (SPOT) - Net Assets
Based on the latest financial reports, Goldspot Discoveries Corp (SPOT) has net assets worth CA$72.40 Million CAD (≈ $52.38 Million 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$84.10 Million ≈ $60.83 Million USD) and total liabilities (CA$11.69 Million ≈ $8.46 Million 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 SPOT goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$72.40 Million |
| % of Total Assets | 86.1% |
| Annual Growth Rate | 78.78% |
| 5-Year Change | 18.08% |
| 10-Year Change | N/A |
| Growth Volatility | 108.27 |
Goldspot Discoveries Corp - Net Assets Trend (2016–2025)
This chart illustrates how Goldspot Discoveries Corp's net assets have evolved over time, based on quarterly financial data. See Goldspot Discoveries Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Goldspot Discoveries Corp (2016–2025)
The table below shows the annual net assets of Goldspot Discoveries Corp from 2016 to 2025. For live valuation and market cap data, see SPOT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$72.05 Million ≈ $52.12 Million |
+90.49% |
| 2024-12-31 | CA$37.83 Million ≈ $27.36 Million |
-13.37% |
| 2023-12-31 | CA$43.66 Million ≈ $31.58 Million |
-24.85% |
| 2022-12-31 | CA$58.10 Million ≈ $42.03 Million |
-4.79% |
| 2021-12-31 | CA$61.02 Million ≈ $44.14 Million |
+231.81% |
| 2020-12-31 | CA$18.39 Million ≈ $13.30 Million |
+144.88% |
| 2019-12-31 | CA$7.51 Million ≈ $5.43 Million |
+260.70% |
| 2018-12-31 | CA$2.08 Million ≈ $1.51 Million |
+240.78% |
| 2017-12-31 | CA$610.96K ≈ $441.96K |
+58.18% |
| 2016-12-31 | CA$386.25K ≈ $279.41K |
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Equity Component Analysis
This analysis shows how different components contribute to Goldspot Discoveries 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 grown by 1924379500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$19.24 Million | 26.70% |
| Other Components | CA$52.82 Million | 73.30% |
| Total Equity | CA$72.05 Million | 100.00% |
Goldspot Discoveries Corp Competitors by Market Cap
The table below lists competitors of Goldspot Discoveries Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Live Ventures Inc
NASDAQ:LIVE
|
$31.64 Million |
|
United-Guardian Inc
NASDAQ:UG
|
$31.65 Million |
|
Tong-Hwa Synthetic Fiber Co Ltd
TW:1418
|
$31.66 Million |
|
Rotork PLC
LSE:ROR
|
$31.66 Million |
|
Golden Lime PCL
BK:SUTHA
|
$31.63 Million |
|
XPLUS SA ZY -01
F:75R
|
$31.62 Million |
|
Precipio Inc
NASDAQ:PRPO
|
$31.61 Million |
|
Sharps Technology Inc
NASDAQ:STSS
|
$31.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldspot Discoveries Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,825,135 to 72,054,387, a change of 34,229,252 (90.5%).
- Net income of 33,986,303 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$33.99 Million | +47.17% |
| Other Changes | CA$242.95K | +0.34% |
| Total Change | CA$- | 90.49% |
Book Value vs Market Value Analysis
This analysis compares Goldspot Discoveries 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: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.84x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CA$0.06 | CA$0.31 | x |
| 2017-12-31 | CA$0.11 | CA$0.31 | x |
| 2019-12-31 | CA$0.09 | CA$0.31 | x |
| 2020-12-31 | CA$0.19 | CA$0.31 | x |
| 2021-12-31 | CA$0.52 | CA$0.31 | x |
| 2022-12-31 | CA$0.43 | CA$0.31 | x |
| 2023-12-31 | CA$0.32 | CA$0.31 | x |
| 2024-12-31 | CA$0.27 | CA$0.31 | x |
| 2025-12-31 | CA$0.52 | CA$0.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldspot Discoveries Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 47.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 63.51%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.19x
- Recent ROE (47.17%) is above the historical average (-8.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.94% | 0.00% | 0.00x | 1.07x | CA$-46.12K |
| 2017 | -14.20% | 0.00% | 0.00x | 1.05x | CA$-147.88K |
| 2018 | -62.00% | -97.72% | 0.48x | 1.32x | CA$-1.50 Million |
| 2019 | -62.44% | -158.44% | 0.29x | 1.37x | CA$-5.44 Million |
| 2020 | 56.75% | 59.45% | 0.74x | 1.30x | CA$8.55 Million |
| 2021 | 18.09% | 68.50% | 0.22x | 1.20x | CA$4.94 Million |
| 2022 | -11.78% | 0.00% | -0.11x | 1.09x | CA$-12.65 Million |
| 2023 | -38.07% | -861.02% | 0.04x | 1.13x | CA$-20.99 Million |
| 2024 | -16.36% | -73.87% | 0.19x | 1.19x | CA$-9.97 Million |
| 2025 | 47.17% | 63.51% | 0.63x | 1.19x | CA$26.78 Million |
Industry Comparison
This section compares Goldspot Discoveries Corp's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $934,254,940
- Average return on equity (ROE) among peers: 5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldspot Discoveries Corp (SPOT) | CA$72.40 Million | -1.94% | 0.16x | $31.64 Million |
| Alithya Group inc Class A (ALYA) | $32.03 Million | -22.56% | 2.62x | $63.40 Million |
| Banxa Holdings Inc (BNXA) | $-2.21 Million | 0.00% | 0.00x | $50.95 Million |
| Datametrex AI Ltd (DM) | $32.49 Million | 27.98% | 0.31x | $4.97 Million |
| Deveron UAS Corp (FARM) | $16.31 Million | -31.74% | 0.40x | $6.01 Million |
| CGI Inc (GIB-A) | $8.31 Billion | 19.63% | 0.90x | $11.62 Billion |
| Kontrol Energy Corp (KNR) | $2.79 Million | 779.96% | 7.15x | $2.53 Million |
| Mobi724 Global Solutions Inc (MOS) | $1.49 Million | -143.44% | 3.97x | $2.40 Million |
| Pivotree Inc (PVT) | $15.00 Million | -19.33% | 1.94x | $27.12 Million |
| Visionstate Corp (VIS) | $107.19K | -564.49% | 2.22x | $2.80 Million |
About Goldspot Discoveries Corp
EarthLabs Inc. operates as a mining investment, technology, and media company in Canada. It provides CEO.CA, a social network for investors and traders in junior resource and venture stocks with online and mobile functionality; DigiGeoAtlas platform, a software-based GIS interactive mapping interface alongside its DigiGeoMaps distribution business; and DigiGeoData, a software-based interactive ma… Read more