Goldspot Discoveries Corp (SPOT) - Net Assets
Based on the latest financial reports, Goldspot Discoveries Corp (SPOT) has net assets worth CA$63.78 Million CAD (≈ $46.14 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$75.18 Million ≈ $54.39 Million USD) and total liabilities (CA$11.40 Million ≈ $8.25 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 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$63.78 Million |
| % of Total Assets | 84.84% |
| Annual Growth Rate | 77.36% |
| 5-Year Change | 105.68% |
| 10-Year Change | N/A |
| Growth Volatility | 114.62 |
Goldspot Discoveries Corp - Net Assets Trend (2016–2024)
This chart illustrates how Goldspot Discoveries Corp's net assets have evolved over time, based on quarterly financial data. Also explore Goldspot Discoveries Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Goldspot Discoveries Corp (2016–2024)
The table below shows the annual net assets of Goldspot Discoveries Corp from 2016 to 2024. For live valuation and market cap data, see SPOT stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 decreased by 1474250800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$52.58 Million | 139.00% |
| Total Equity | CA$37.83 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 |
|---|---|
|
Metrod Holdings Bhd
KLSE:6149
|
$36.15 Million |
|
New Advanced Electronics Technologies Co Ltd
TWO:3465
|
$36.18 Million |
|
Quartz Mountain Resources Ltd
V:QZM
|
$36.19 Million |
|
Sol Strategies Inc. Common Shares
NASDAQ:STKE
|
$36.19 Million |
|
Ram Technology Co. Ltd
KQ:171010
|
$36.14 Million |
|
Heimstaden AB Pfd.
ST:HEIM-PREF
|
$36.14 Million |
|
Dividend Select 15 Corp
TO:DS
|
$36.14 Million |
|
Swiss Properties Invest A/S
CO:SWISS
|
$36.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldspot Discoveries Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 43,661,633 to 37,825,135, a change of -5,836,498 (-13.4%).
- Net loss of 6,187,284 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.19 Million | -16.36% |
| Other Changes | CA$350.79K | +0.93% |
| Total Change | CA$- | -13.37% |
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: 1.31x
- 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 5.62x to 1.31x 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$0.36 | x |
| 2017-12-31 | CA$0.11 | CA$0.36 | x |
| 2019-12-31 | CA$0.09 | CA$0.36 | x |
| 2020-12-31 | CA$0.19 | CA$0.36 | x |
| 2021-12-31 | CA$0.52 | CA$0.36 | x |
| 2022-12-31 | CA$0.43 | CA$0.36 | x |
| 2023-12-31 | CA$0.32 | CA$0.36 | x |
| 2024-12-31 | CA$0.27 | CA$0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldspot Discoveries Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -16.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.87%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.19x
- Recent ROE (-16.36%) is below the historical average (-14.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -1.94% | 0.00% | 0.00x | 1.07x | CA$-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 |
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: $226,711,389
- Average return on equity (ROE) among peers: -105.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldspot Discoveries Corp (SPOT) | CA$63.78 Million | -1.94% | 0.18x | $36.15 Million |
| Alithya Group inc Class A (ALYA) | $199.75 Million | -7.78% | 1.24x | $89.53 Million |
| Banxa Holdings Inc (BNXA) | $1.23 Million | -337.22% | 2.31x | $50.95 Million |
| Datametrex AI Ltd (DM) | $384.50K | -21.82% | 0.14x | $6.07 Million |
| Deveron UAS Corp (FARM) | $507.76K | -102.76% | 1.09x | $6.01 Million |
| CGI Inc (GIB-A) | $1.78 Billion | 7.63% | 0.29x | $12.47 Billion |
| Kontrol Energy Corp (KNR) | $1.66 Million | -161.63% | 9.65x | $2.34 Million |
| Mobi724 Global Solutions Inc (MOS) | $9.11 Million | -117.36% | 0.52x | $2.40 Million |
| Pivotree Inc (PVT) | $47.99 Million | -24.77% | 0.15x | $31.89 Million |
| Visionstate Corp (VIS) | $153.02K | -181.44% | 1.46x | $3.74 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; DigiGeoData, a software-based interactive mappin… Read more