Tincorp Metals Inc. (TIN) - Net Assets
Based on the latest financial reports, Tincorp Metals Inc. (TIN) has net assets worth CA$2.78 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.10 Million) and total liabilities (CA$2.33 Million). 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$2.78 Million |
| % of Total Assets | 54.39% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 116.99 |
Tincorp Metals Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Tincorp Metals Inc. 's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tincorp Metals Inc. (2019–2024)
The table below shows the annual net assets of Tincorp Metals Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-855.26K | -103.17% |
| 2023-12-31 | CA$26.96 Million | -7.36% |
| 2022-12-31 | CA$29.11 Million | +6.21% |
| 2021-12-31 | CA$27.40 Million | +217.25% |
| 2019-12-31 | CA$8.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tincorp 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 438.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$28.36 Million | % |
| Total Equity | CA$-855.26K | 100.00% |
Tincorp Metals Inc. Competitors by Market Cap
The table below lists competitors of Tincorp Metals Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Swiss Properties Invest A/S
CO:SWISS
|
$35.58 Million |
|
ZEDGE INC. CL.B DL-01
F:34Z
|
$35.58 Million |
|
Sumas Suni Tahta ve Mobilya Sanayi AS
IS:SUMAS
|
$35.58 Million |
|
Robust Hotels Limited
NSE:RHL
|
$35.60 Million |
|
Infoline Tec Holdings Bhd
KLSE:0253
|
$35.57 Million |
|
SK Discovery Co Ltd
KO:006125
|
$35.56 Million |
|
Hidropar Hareket Kontrol Teknolojileri Merkezi Sanayi ve Ticaret A.S.
IS:HKTM
|
$35.56 Million |
|
ESS Tech Inc
NYSE:GWH
|
$35.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tincorp Metals Inc. 's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,964,413 to -855,261, a change of -27,819,674 (-103.2%).
- Net loss of 28,438,361 reduced equity.
- New share issuances of 139,295 increased equity.
- Other factors increased equity by 479,392.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-28.44 Million | -3325.11% |
| Share Issuances | CA$139.29K | +16.29% |
| Other Changes | CA$479.39K | +56.05% |
| Total Change | CA$- | -103.17% |
Book Value vs Market Value Analysis
This analysis compares Tincorp 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CA$0.20 | CA$1.14 | x |
| 2021-12-31 | CA$0.52 | CA$1.14 | x |
| 2022-12-31 | CA$0.47 | CA$1.14 | x |
| 2023-12-31 | CA$0.41 | CA$1.14 | x |
| 2024-12-31 | CA$-0.01 | CA$1.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tincorp Metals Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-7.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -7.93% | 0.00% | 0.00x | 1.03x | CA$-4.91 Million |
| 2022 | -7.40% | 0.00% | 0.00x | 1.03x | CA$-5.06 Million |
| 2023 | -16.50% | 0.00% | 0.00x | 1.05x | CA$-7.15 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-28.35 Million |
Industry Comparison
This section compares Tincorp Metals Inc. 's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tincorp Metals Inc. (TIN) | CA$2.78 Million | -7.93% | 0.84x | $35.58 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Tincorp Metals Inc.
Tincorp Metals Inc. operates as a mineral exploration company. The company owns 100% interests in the Porvenir polymetallic tin-zinc-silver project is situated in the centre of the Bolivian Tin belt. It also has an agreement to acquire a 100% interest in the SF Tin project located to the southeast of Oruro, Bolivia. The company was formerly known as Whitehorse Gold Corp. and changed its name to T… Read more