Trailbreaker Resources Ltd (TBK) - Net Assets
Based on the latest financial reports, Trailbreaker Resources Ltd (TBK) has net assets worth CA$5.77 Million CAD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$6.04 Million) and total liabilities (CA$268.94K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$5.77 Million |
| % of Total Assets | 95.54% |
| Annual Growth Rate | -15.64% |
| 5-Year Change | 56.28% |
| 10-Year Change | N/A |
| Growth Volatility | 40.94 |
Trailbreaker Resources Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Trailbreaker Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trailbreaker Resources Ltd (2017–2024)
The table below shows the annual net assets of Trailbreaker Resources Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$5.91 Million | +69.51% |
| 2023-12-31 | CA$3.49 Million | -24.33% |
| 2022-12-31 | CA$4.61 Million | -5.96% |
| 2021-12-31 | CA$4.90 Million | +29.55% |
| 2020-12-31 | CA$3.78 Million | -69.28% |
| 2019-12-31 | CA$12.31 Million | -17.91% |
| 2018-12-31 | CA$14.99 Million | -22.87% |
| 2017-12-31 | CA$19.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trailbreaker Resources 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 2024072600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$74.70 Million | 1264.18% |
| Total Equity | CA$5.91 Million | 100.00% |
Trailbreaker Resources Ltd Competitors by Market Cap
The table below lists competitors of Trailbreaker Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SEI
BK:SEI
|
$10.60 Million |
|
DeepMarkit Corp.
NASDAQ:MKTSF
|
$10.62 Million |
|
Legacy Gold Mines Ltd.
V:LEGY
|
$10.62 Million |
|
Evion Group NL
AU:EVG
|
$10.63 Million |
|
Hydropipes Industries Sdn. Bhd.
KLSE:03060
|
$10.59 Million |
|
Unfold.vc ASI S.A.
WAR:UNF
|
$10.59 Million |
|
Fantagio Corp
KQ:032800
|
$10.59 Million |
|
SKOTAN S.A. ZY 244
F:X2Z
|
$10.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trailbreaker Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,485,967 to 5,909,038, a change of 2,423,071 (69.5%).
- Net loss of 402,675 reduced equity.
- New share issuances of 2,322,556 increased equity.
- Other factors increased equity by 503,190.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-402.68K | -6.81% |
| Share Issuances | CA$2.32 Million | +39.31% |
| Other Changes | CA$503.19K | +8.52% |
| Total Change | CA$- | 69.51% |
Book Value vs Market Value Analysis
This analysis compares Trailbreaker Resources 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: 2.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.18x to 2.47x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$2.04 | CA$0.36 | x |
| 2018-12-31 | CA$1.58 | CA$0.36 | x |
| 2019-12-31 | CA$1.29 | CA$0.36 | x |
| 2020-12-31 | CA$0.40 | CA$0.36 | x |
| 2021-12-31 | CA$0.39 | CA$0.36 | x |
| 2022-12-31 | CA$0.36 | CA$0.36 | x |
| 2023-12-31 | CA$0.10 | CA$0.36 | x |
| 2024-12-31 | CA$0.15 | CA$0.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trailbreaker Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-6.81%) is above the historical average (-44.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -21.05% | 0.00% | 0.00x | 1.02x | CA$-6.04 Million |
| 2018 | 36.21% | 0.00% | 0.00x | 1.03x | CA$3.93 Million |
| 2019 | -21.65% | 0.00% | 0.00x | 1.04x | CA$-3.90 Million |
| 2020 | -233.15% | 0.00% | 0.00x | 1.23x | CA$-9.19 Million |
| 2021 | 5.55% | 0.00% | 0.00x | 1.05x | CA$-217.88K |
| 2022 | -8.44% | 0.00% | 0.00x | 1.02x | CA$-849.58K |
| 2023 | -105.62% | 0.00% | 0.00x | 1.06x | CA$-4.03 Million |
| 2024 | -6.81% | 0.00% | 0.00x | 1.06x | CA$-993.58K |
Industry Comparison
This section compares Trailbreaker Resources Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trailbreaker Resources Ltd (TBK) | CA$5.77 Million | -21.05% | 0.05x | $10.60 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Trailbreaker Resources Ltd
Trailbreaker Resources Ltd., operates as a mineral exploration company, focuses on the acquisition, evaluation, exploration, and development of mineral assets in Canada. It explores for gold, copper, and molybdenum deposits. The company's flagship property is the 100% owned Atsutla Gold project that consisting of 36 mineral tenures located in the northwestern British Columbia. The company was for… Read more