True North Gems Inc (TGX) - Net Assets
Based on the latest financial reports, True North Gems Inc (TGX) has net assets worth CA$-7.10 Million CAD (≈ $-5.13 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$87.63K ≈ $63.39K USD) and total liabilities (CA$7.19 Million ≈ $5.20 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of True North Gems Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-7.10 Million |
| % of Total Assets | -8099.66% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -116.09% |
| Growth Volatility | 66.0 |
True North Gems Inc - Net Assets Trend (2013–2024)
This chart illustrates how True North Gems Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of True North Gems Inc for the complete picture of this company's asset base.
Annual Net Assets for True North Gems Inc (2013–2024)
The table below shows the annual net assets of True North Gems Inc from 2013 to 2024. For live valuation and market cap data, see TGX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-6.87 Million ≈ $-4.97 Million |
-2.34% |
| 2023-12-31 | CA$-6.71 Million ≈ $-4.85 Million |
-5.18% |
| 2022-12-31 | CA$-6.38 Million ≈ $-4.61 Million |
-16.75% |
| 2021-12-31 | CA$-5.46 Million ≈ $-3.95 Million |
+8.62% |
| 2020-12-31 | CA$-5.98 Million ≈ $-4.33 Million |
-33.15% |
| 2019-12-31 | CA$-4.49 Million ≈ $-3.25 Million |
+22.23% |
| 2018-12-31 | CA$-5.77 Million ≈ $-4.18 Million |
-18.73% |
| 2017-12-31 | CA$-4.86 Million ≈ $-3.52 Million |
-459.75% |
| 2016-12-31 | CA$-868.84K ≈ $-628.50K |
-102.04% |
| 2015-12-31 | CA$42.69 Million ≈ $30.88 Million |
+45.60% |
| 2014-12-31 | CA$29.32 Million ≈ $21.21 Million |
+28.86% |
| 2013-12-31 | CA$22.75 Million ≈ $16.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to True North Gems 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 4757877500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$67.51 Million | % |
| Total Equity | CA$-6.87 Million | 100.00% |
True North Gems Inc Competitors by Market Cap
The table below lists competitors of True North Gems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Generation Income Properties Inc
NASDAQ:GIPR
|
$1.40 Million |
|
Cleghorn Minerals Ltd
V:CZZ
|
$1.40 Million |
|
GO2 People Ltd
AU:GO2
|
$1.40 Million |
|
Beyon 3D Ltd
TA:BYON
|
$1.40 Million |
|
NSJ GOLD CORP.
F:9PZ
|
$1.40 Million |
|
Wang & Lee Group, Inc. Ordinary Shares
NASDAQ:WLGS
|
$1.40 Million |
|
Nusantara Inti Corpora Tbk
JK:UNIT
|
$1.40 Million |
|
BlockMint Technologies Inc
V:BKMT
|
$1.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in True North Gems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -6,709,918 to -6,866,750, a change of -156,832.
- Net loss of 360,082 reduced equity.
- Other factors increased equity by 203,250.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-360.08K | -5.24% |
| Other Changes | CA$203.25K | +2.96% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares True North Gems 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-1.58 | CA$0.18 | x |
| 2018-12-31 | CA$-1.61 | CA$0.18 | x |
| 2019-12-31 | CA$-0.33 | CA$0.18 | x |
| 2020-12-31 | CA$-0.28 | CA$0.18 | x |
| 2021-12-31 | CA$-0.17 | CA$0.18 | x |
| 2022-12-31 | CA$-0.20 | CA$0.18 | x |
| 2023-12-31 | CA$-0.64 | CA$0.18 | x |
| 2024-12-31 | CA$-0.61 | CA$0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently True North Gems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-1.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -7.15% | 0.00% | 0.00x | 1.11x | CA$-3.90 Million |
| 2014 | -5.83% | 0.00% | 0.00x | 1.16x | CA$-4.36 Million |
| 2015 | -10.25% | 0.00% | 0.00x | 1.41x | CA$-7.27 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-33.38 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-3.48 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-690.14K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$988.18K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.03 Million |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$88.97K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-326.31K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$394.40K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$326.59K |
Industry Comparison
This section compares True North Gems Inc'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: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| True North Gems Inc (TGX) | CA$-7.10 Million | -7.15% | N/A | $1.40 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 True North Gems Inc
TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. It owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in the Abitibi region of northwestern Quebec. The company was formerly known as True North Gems Inc. and … Read more