Turmalina Metals Corp (TBX) - Net Assets
Based on the latest financial reports, Turmalina Metals Corp (TBX) has net assets worth CA$-1.26 Million CAD (≈ $-914.48K USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$311.74K ≈ $225.51K USD) and total liabilities (CA$1.58 Million ≈ $1.14 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read TBX total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-1.26 Million |
| % of Total Assets | -405.51% |
| Annual Growth Rate | N/A |
| 5-Year Change | -111.68% |
| 10-Year Change | N/A |
| Growth Volatility | 89.28 |
Turmalina Metals Corp - Net Assets Trend (2018–2024)
This chart illustrates how Turmalina Metals Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Turmalina Metals Corp's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Turmalina Metals Corp (2018–2024)
The table below shows the annual net assets of Turmalina Metals Corp from 2018 to 2024. For live valuation and market cap data, see market value of Turmalina Metals Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-1.26 Million ≈ $-914.48K |
-190.97% |
| 2023-12-31 | CA$1.39 Million ≈ $1.01 Million |
-26.92% |
| 2022-12-31 | CA$1.90 Million ≈ $1.38 Million |
-65.88% |
| 2021-12-31 | CA$5.57 Million ≈ $4.03 Million |
-48.50% |
| 2020-12-31 | CA$10.82 Million ≈ $7.83 Million |
+88.56% |
| 2019-12-31 | CA$5.74 Million ≈ $4.15 Million |
+2744.53% |
| 2018-12-31 | CA$-217.02K ≈ $-156.99K |
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Equity Component Analysis
This analysis shows how different components contribute to Turmalina Metals 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 3463758700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$35.80 Million | % |
| Total Equity | CA$-1.26 Million | 100.00% |
Turmalina Metals Corp Competitors by Market Cap
The table below lists competitors of Turmalina Metals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TRIBECA RESOURCES CORPORA
F:381
|
$12.54 Million |
|
Orissa Bengal Carrier Limited
NSE:OBCL
|
$12.54 Million |
|
Gti Energy Ltd
AU:GTR
|
$12.54 Million |
|
E-Starco
KO:015020
|
$12.54 Million |
|
Spring Art Holdings Bhd
KLSE:0216
|
$12.52 Million |
|
Straker Ltd
AU:STG
|
$12.52 Million |
|
Schweizer Electronic AG
F:SCE
|
$12.52 Million |
|
Cyclerion Therapeutics Inc
NASDAQ:CYCN
|
$12.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turmalina Metals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,389,611 to -1,264,162, a change of -2,653,773 (-191.0%).
- Net loss of 5,249,481 reduced equity.
- New share issuances of 2,100,000 increased equity.
- Other factors increased equity by 495,708.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.25 Million | -415.25% |
| Share Issuances | CA$2.10 Million | +166.12% |
| Other Changes | CA$495.71K | +39.21% |
| Total Change | CA$- | -190.97% |
Book Value vs Market Value Analysis
This analysis compares Turmalina Metals 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CA$0.00 | CA$0.18 | x |
| 2019-12-31 | CA$0.17 | CA$0.18 | x |
| 2020-12-31 | CA$0.17 | CA$0.18 | x |
| 2021-12-31 | CA$0.08 | CA$0.18 | x |
| 2022-12-31 | CA$0.03 | CA$0.18 | x |
| 2023-12-31 | CA$0.02 | CA$0.18 | x |
| 2024-12-31 | CA$-0.01 | CA$0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turmalina Metals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-126.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-905.44K |
| 2019 | -90.86% | 0.00% | 0.00x | 1.08x | CA$-5.79 Million |
| 2020 | -78.23% | 0.00% | 0.00x | 1.02x | CA$-9.55 Million |
| 2021 | -110.63% | 0.00% | 0.00x | 1.02x | CA$-6.72 Million |
| 2022 | -213.64% | 0.00% | 0.00x | 1.26x | CA$-4.25 Million |
| 2023 | -394.30% | 0.00% | 0.00x | 1.38x | CA$-5.62 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-5.12 Million |
Industry Comparison
This section compares Turmalina Metals Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turmalina Metals Corp (TBX) | CA$-1.26 Million | 0.00% | N/A | $12.53 Million |
| AbraSilver Resource Corp. (ABRA) | $8.76 Million | -117.42% | 2.77x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $7.61 Million | -10.85% | 0.15x | $1.73 Million |
| Adyton Resources Corp (ADY) | $276.14K | -90.50% | 0.96x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.83 Million | -11.80% | 0.15x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $79.55 Million | 12.51% | 0.72x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $33.89 Million | -9.22% | 0.12x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $14.12 Million | -24.77% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $26.52 Million | -4.99% | 0.01x | $3.47 Million |
About Turmalina Metals Corp
Turmalina Metals Corp. engages in the acquisition, exploration, and evaluation of mineral resource properties in South America. It primarily explores for gold, copper, and silver deposits. The company's principal property is the San Francisco project located in San Juan Province, Argentina. The company was formerly known as Turmalina Copper Corp. and changed its name to Turmalina Metals Corp. in … Read more