TDG Gold Corp (TDG) - Net Assets
Based on the latest financial reports, TDG Gold Corp (TDG) has net assets worth CA$67.68 Million CAD (≈ $48.96 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$79.03 Million ≈ $57.17 Million USD) and total liabilities (CA$11.34 Million ≈ $8.20 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 TDG Gold Corp balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$67.68 Million |
| % of Total Assets | 85.65% |
| Annual Growth Rate | 136.38% |
| 5-Year Change | -99.24% |
| 10-Year Change | N/A |
| Growth Volatility | 450000.42 |
TDG Gold Corp - Net Assets Trend (2018–2025)
This chart illustrates how TDG Gold Corp's net assets have evolved over time, based on quarterly financial data. Also explore TDG Gold Corp asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for TDG Gold Corp (2018–2025)
The table below shows the annual net assets of TDG Gold Corp from 2018 to 2025. For live valuation and market cap data, see market value of TDG Gold Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | CA$75.04 Million ≈ $54.28 Million |
+906.31% |
| 2024-07-31 | CA$7.46 Million ≈ $5.39 Million |
+6.51% |
| 2023-07-31 | CA$7.00 Million ≈ $5.06 Million |
-38.46% |
| 2022-07-31 | CA$11.38 Million ≈ $8.23 Million |
-99.89% |
| 2021-07-31 | CA$9.91 Billion ≈ $7.17 Billion |
+460.46% |
| 2020-07-31 | CA$1.77 Billion ≈ $1.28 Billion |
+1286184.70% |
| 2019-07-31 | CA$137.44K ≈ $99.43K |
-24.43% |
| 2018-07-31 | CA$181.87K ≈ $131.56K |
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Equity Component Analysis
This analysis shows how different components contribute to TDG Gold 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 4836404200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$123.51 Million | 164.60% |
| Total Equity | CA$75.04 Million | 100.00% |
TDG Gold Corp Competitors by Market Cap
The table below lists competitors of TDG Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Raízen S.A.
SA:RAIZ4
|
$124.46 Million |
|
Chain Bridge Bancorp, Inc.
NYSE:CBNA
|
$124.47 Million |
|
Solux Co. Ltd
KQ:290690
|
$124.51 Million |
|
MetaTech AP
TWO:3224
|
$124.56 Million |
|
Novem Group S.A.
F:NVM
|
$124.36 Million |
|
Mostostal Zabrze - Holding SA
WAR:MSZ
|
$124.33 Million |
|
Scandinavian Astor Group AB
ST:ASTOR
|
$124.32 Million |
|
Kulmbacher Brauerei Aktien-Gesellschaft
MU:KUL
|
$124.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TDG Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,456,879 to 75,039,083, a change of 67,582,204 (906.3%).
- Net loss of 6,963,464 reduced equity.
- New share issuances of 45,555,930 increased equity.
- Other factors increased equity by 28,989,738.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-6.96 Million | -9.28% |
| Share Issuances | CA$45.56 Million | +60.71% |
| Other Changes | CA$28.99 Million | +38.63% |
| Total Change | CA$- | 906.31% |
Book Value vs Market Value Analysis
This analysis compares TDG Gold 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: 2.25x
- 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 6.82x to 2.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-07-31 | CA$0.09 | CA$0.62 | x |
| 2019-07-31 | CA$0.07 | CA$0.62 | x |
| 2020-07-31 | CA$883.97 | CA$0.62 | x |
| 2021-07-31 | CA$153.80 | CA$0.62 | x |
| 2022-07-31 | CA$0.12 | CA$0.62 | x |
| 2023-07-31 | CA$0.07 | CA$0.62 | x |
| 2024-07-31 | CA$0.05 | CA$0.62 | x |
| 2025-07-31 | CA$0.28 | CA$0.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TDG Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.16x
- Recent ROE (-9.28%) is above the historical average (-52.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -32.32% | 0.00% | 0.00x | 1.06x | CA$-58.17K |
| 2020 | -19.40% | 0.00% | 0.00x | 1.09x | CA$-519.74 Million |
| 2021 | -48.76% | 0.00% | 0.00x | 1.24x | CA$-5.82 Billion |
| 2022 | -101.48% | 0.00% | 0.00x | 1.36x | CA$-12.68 Million |
| 2023 | -95.90% | 0.00% | 0.00x | 1.30x | CA$-7.41 Million |
| 2024 | -61.60% | 0.00% | 0.00x | 1.23x | CA$-5.34 Million |
| 2025 | -9.28% | 0.00% | 0.00x | 1.16x | CA$-14.47 Million |
Industry Comparison
This section compares TDG Gold Corp'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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TDG Gold Corp (TDG) | CA$67.68 Million | -32.32% | 0.17x | $124.41 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About TDG Gold Corp
TDG Gold Corp. engages in the identification, acquisition, exploration, and development of mineral resource projects in Canada. The company explores for gold, silver, and copper deposits. Its flagship projects is the 100% owned Greater Shasta-Newberry project located in the Toodoggone District of British Columbia. The company is headquartered in Vancouver, Canada.