Thesis Gold Inc (TAU) - Net Assets
Based on the latest financial reports, Thesis Gold Inc (TAU) has net assets worth CA$227.43 Million CAD (≈ $164.52 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$259.81 Million ≈ $187.94 Million USD) and total liabilities (CA$32.37 Million ≈ $23.42 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 Thesis Gold Inc (TAU) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$227.43 Million |
| % of Total Assets | 87.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | 1429.01% |
| 10-Year Change | N/A |
| Growth Volatility | 110.74 |
Thesis Gold Inc - Net Assets Trend (2020–2025)
This chart illustrates how Thesis Gold Inc's net assets have evolved over time, based on quarterly financial data. Also explore TAU total asset value for the complete picture of this company's asset base.
Annual Net Assets for Thesis Gold Inc (2020–2025)
The table below shows the annual net assets of Thesis Gold Inc from 2020 to 2025. For live valuation and market cap data, see Thesis Gold Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | CA$184.31 Million ≈ $133.33 Million |
+13.59% |
| 2024-02-29 | CA$162.26 Million ≈ $117.38 Million |
+42.68% |
| 2023-02-28 | CA$113.72 Million ≈ $82.27 Million |
+297.41% |
| 2022-02-28 | CA$28.62 Million ≈ $20.70 Million |
+137.39% |
| 2021-02-28 | CA$12.05 Million ≈ $8.72 Million |
+2090.50% |
| 2020-02-29 | CA$-605.59K ≈ $-438.07K |
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Equity Component Analysis
This analysis shows how different components contribute to Thesis Gold 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 2274024600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$215.61 Million | 116.98% |
| Total Equity | CA$184.31 Million | 100.00% |
Thesis Gold Inc Competitors by Market Cap
The table below lists competitors of Thesis Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Holike
SHG:603898
|
$629.18 Million |
|
Tianjin Lisheng Pharmaceutical Co Ltd
SHE:002393
|
$629.47 Million |
|
Total Energy Services Inc.
TO:TOT
|
$629.72 Million |
|
WhiteFiber, Inc. Ordinary Shares
NASDAQ:WYFI
|
$629.79 Million |
|
Changchun Zhiyuan New Energy Equipment Co. Ltd
SHE:300985
|
$629.10 Million |
|
Hoang Huy Investment Financial
VN:TCH
|
$628.98 Million |
|
Zhejiang Jihua Group Co Ltd
SHG:603980
|
$628.92 Million |
|
Symphony Limited
NSE:SYMPHONY
|
$628.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thesis Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 162,260,667 to 184,311,488, a change of 22,050,821 (13.6%).
- Net loss of 1,650,241 reduced equity.
- New share issuances of 30,949,423 increased equity.
- Other factors decreased equity by 7,248,361.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.65 Million | -0.9% |
| Share Issuances | CA$30.95 Million | +16.79% |
| Other Changes | CA$-7.25 Million | -3.93% |
| Total Change | CA$- | 13.59% |
Book Value vs Market Value Analysis
This analysis compares Thesis Gold Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-02-29 | CA$-0.02 | CA$3.33 | x |
| 2021-02-28 | CA$0.38 | CA$3.33 | x |
| 2022-02-28 | CA$0.63 | CA$3.33 | x |
| 2023-02-28 | CA$0.45 | CA$3.33 | x |
| 2024-02-29 | CA$0.93 | CA$3.33 | x |
| 2025-02-28 | CA$0.87 | CA$3.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thesis Gold 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): -0.90%
- 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: 1.12x
- Recent ROE (-0.90%) is above the historical average (-8.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$46.58K |
| 2021 | -2.26% | 0.00% | 0.00x | 1.02x | CA$-1.48 Million |
| 2022 | -43.16% | 0.00% | 0.00x | 1.04x | CA$-15.21 Million |
| 2023 | -4.28% | 0.00% | 0.00x | 1.14x | CA$-16.24 Million |
| 2024 | 0.55% | 0.00% | 0.00x | 1.13x | CA$-15.34 Million |
| 2025 | -0.90% | 0.00% | 0.00x | 1.12x | CA$-20.08 Million |
Industry Comparison
This section compares Thesis Gold 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: $2,951,711
- Average return on equity (ROE) among peers: -34.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thesis Gold Inc (TAU) | CA$227.43 Million | 0.00% | 0.14x | $629.16 Million |
| Aftermath Silver Ltd (AAG) | $861.81K | -122.73% | 0.30x | $185.75 Million |
| Aton Resources Inc (AAN) | $-5.02 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $805.58K | -20.73% | 0.03x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $557.59K | -47.89% | 0.13x | $4.67 Million |
| Adex Mining Inc (ADE) | $11.96 Million | -14.72% | 0.26x | $27.09 Million |
| Alphamin Res (AFM) | $1.06 Million | -49.21% | 0.19x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $169.13K | -68.35% | 0.10x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $332.39 Million |
About Thesis Gold Inc
Thesis Gold & Silver Inc., a resource development company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. The company explores for gold, silver, and precious metals deposits. It holds 100% interest in the Lawyers-Ranch project covering 495 square kilometers in the Toodoggone mining district of northern central British Columbia. The company… Read more