Tectonic Metals Inc (TECT) - Net Assets
Based on the latest financial reports, Tectonic Metals Inc (TECT) has net assets worth CA$19.29 Million CAD (≈ $13.95 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$22.86 Million ≈ $16.54 Million USD) and total liabilities (CA$3.57 Million ≈ $2.58 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 TECT goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$19.29 Million |
| % of Total Assets | 84.37% |
| Annual Growth Rate | 3.14% |
| 5-Year Change | -23.25% |
| 10-Year Change | N/A |
| Growth Volatility | 57.11 |
Tectonic Metals Inc - Net Assets Trend (2018–2024)
This chart illustrates how Tectonic Metals Inc's net assets have evolved over time, based on quarterly financial data. See TECT days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tectonic Metals Inc (2018–2024)
The table below shows the annual net assets of Tectonic Metals Inc from 2018 to 2024. For live valuation and market cap data, see TECT company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.95 Million ≈ $2.14 Million |
+11.50% |
| 2023-12-31 | CA$2.65 Million ≈ $1.92 Million |
-10.24% |
| 2022-12-31 | CA$2.95 Million ≈ $2.13 Million |
+87.73% |
| 2021-12-31 | CA$1.57 Million ≈ $1.14 Million |
-59.15% |
| 2020-12-31 | CA$3.85 Million ≈ $2.78 Million |
+98.06% |
| 2019-12-31 | CA$1.94 Million ≈ $1.41 Million |
-20.83% |
| 2018-12-31 | CA$2.45 Million ≈ $1.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tectonic Metals 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 3930207700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$46.83 Million | 1585.95% |
| Total Equity | CA$2.95 Million | 100.00% |
Tectonic Metals Inc Competitors by Market Cap
The table below lists competitors of Tectonic Metals Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BV Financial, Inc. Common Stock
NASDAQ:BVFL
|
$169.50 Million |
|
Kangstem Biotech Co. Ltd
KQ:217730
|
$169.55 Million |
|
Phoenix Asia Holdings Limited Ordinary Shares
NASDAQ:PHOE
|
$169.56 Million |
|
Tifico Fiber Indonesia Tbk
JK:TFCO
|
$169.57 Million |
|
Megaforce Co Ltd
TWO:3294
|
$169.49 Million |
|
Allgeier SE
XETRA:AEIN
|
$169.39 Million |
|
Photocure
OL:PHO
|
$169.39 Million |
|
Saraswanti Anugerah Makmur Pt
JK:SAMF
|
$169.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tectonic Metals Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,648,388 to 2,953,048, a change of 304,660 (11.5%).
- Net loss of 5,090,774 reduced equity.
- New share issuances of 5,349,171 increased equity.
- Other comprehensive income decreased equity by 7,277,929.
- Other factors increased equity by 7,324,192.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.09 Million | -172.39% |
| Share Issuances | CA$5.35 Million | +181.14% |
| Other Comprehensive Income | CA$-7.28 Million | -246.45% |
| Other Changes | CA$7.32 Million | +248.02% |
| Total Change | CA$- | 11.50% |
Book Value vs Market Value Analysis
This analysis compares Tectonic Metals 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: 36.97x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 58.50x to 36.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CA$0.04 | CA$2.60 | x |
| 2019-12-31 | CA$0.06 | CA$2.60 | x |
| 2020-12-31 | CA$0.05 | CA$2.60 | x |
| 2021-12-31 | CA$0.01 | CA$2.60 | x |
| 2022-12-31 | CA$0.02 | CA$2.60 | x |
| 2023-12-31 | CA$0.01 | CA$2.60 | x |
| 2024-12-31 | CA$0.07 | CA$2.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tectonic Metals Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -172.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.28x
- Recent ROE (-172.39%) is above the historical average (-266.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -160.66% | 0.00% | 0.00x | 1.05x | CA$-4.19 Million |
| 2019 | -300.56% | 0.00% | 0.00x | 1.27x | CA$-6.03 Million |
| 2020 | -139.90% | 0.00% | 0.00x | 1.08x | CA$-5.77 Million |
| 2021 | -597.10% | 0.00% | 0.00x | 1.21x | CA$-9.54 Million |
| 2022 | -135.78% | 0.00% | 0.00x | 1.14x | CA$-4.30 Million |
| 2023 | -362.45% | 0.00% | 0.00x | 1.41x | CA$-9.86 Million |
| 2024 | -172.39% | 0.00% | 0.00x | 1.28x | CA$-5.39 Million |
Industry Comparison
This section compares Tectonic Metals Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tectonic Metals Inc (TECT) | CA$19.29 Million | -160.66% | 0.19x | $169.49 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 Million |
About Tectonic Metals Inc
Tectonic Metals Inc. engages in the acquisition, exploration, and development of mineral resources in the United States. The company primarily explores for gold deposits. It holds interests in the Tibbs project located in Fairbanks Recording District, Alaska; the Flat project situated in the Kuskokwim Mineral Belt, Alaska; and the Porterfield project located in Mt. McKinley Recording District, Al… Read more