TNR Gold Corp. (TNR) - Net Assets
Based on the latest financial reports, TNR Gold Corp. (TNR) has net assets worth CA$-151.61K CAD (≈ $-109.67K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$72.42K ≈ $52.39K USD) and total liabilities (CA$224.03K ≈ $162.06K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of TNR Gold Corp. to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-151.61K |
| % of Total Assets | -209.34% |
| Annual Growth Rate | -15.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 53.16 |
TNR Gold Corp. - Net Assets Trend (1999–2025)
This chart illustrates how TNR Gold Corp.'s net assets have evolved over time, based on quarterly financial data. See TNR Gold Corp. (TNR) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TNR Gold Corp. (1999–2025)
The table below shows the annual net assets of TNR Gold Corp. from 1999 to 2025. For live valuation and market cap data, see TNR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$40.48K ≈ $29.28K |
+150.92% |
| 2024-12-31 | CA$-79.49K ≈ $-57.50K |
-113.10% |
| 2023-12-31 | CA$606.89K ≈ $439.02K |
+108.54% |
| 2022-12-31 | CA$-7.11 Million ≈ $-5.14 Million |
+0.54% |
| 2021-12-31 | CA$-7.14 Million ≈ $-5.17 Million |
-16.31% |
| 2020-12-31 | CA$-6.14 Million ≈ $-4.44 Million |
-17.26% |
| 2019-12-31 | CA$-5.24 Million ≈ $-3.79 Million |
-5.71% |
| 2018-12-31 | CA$-4.96 Million ≈ $-3.58 Million |
-83.40% |
| 2017-12-31 | CA$-2.70 Million ≈ $-1.95 Million |
+37.16% |
| 2016-12-31 | CA$-4.30 Million ≈ $-3.11 Million |
-21.59% |
| 2015-12-31 | CA$-3.54 Million ≈ $-2.56 Million |
-160.55% |
| 2014-12-31 | CA$5.84 Million ≈ $4.22 Million |
-2.58% |
| 2013-12-31 | CA$5.99 Million ≈ $4.34 Million |
-13.43% |
| 2012-12-31 | CA$6.92 Million ≈ $5.01 Million |
-44.71% |
| 2011-12-31 | CA$12.52 Million ≈ $9.06 Million |
-28.62% |
| 2010-12-31 | CA$17.54 Million ≈ $12.69 Million |
+9.76% |
| 2009-12-31 | CA$15.98 Million ≈ $11.56 Million |
+27.56% |
| 2008-12-31 | CA$12.53 Million ≈ $9.06 Million |
+24.59% |
| 2007-12-31 | CA$10.06 Million ≈ $7.28 Million |
+21.37% |
| 2006-12-31 | CA$8.29 Million ≈ $5.99 Million |
+35.63% |
| 2005-12-31 | CA$6.11 Million ≈ $4.42 Million |
+17.66% |
| 2004-12-31 | CA$5.19 Million ≈ $3.76 Million |
+37.90% |
| 2003-12-31 | CA$3.77 Million ≈ $2.72 Million |
+15.17% |
| 2002-12-31 | CA$3.27 Million ≈ $2.37 Million |
+34.93% |
| 2001-12-31 | CA$2.42 Million ≈ $1.75 Million |
+22.25% |
| 2000-12-31 | CA$1.98 Million ≈ $1.43 Million |
-28.75% |
| 1999-12-31 | CA$2.78 Million ≈ $2.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TNR 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 4013614000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$44.50 Million | 109940.49% |
| Total Equity | CA$40.48K | 100.00% |
TNR Gold Corp. Competitors by Market Cap
The table below lists competitors of TNR Gold Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arn Media Ltd
AU:A1N
|
$46.52 Million |
|
ZENTEK LTD.
F:ZAY0
|
$46.52 Million |
|
Sinsin Pharmaceutical Co. Ltd
KQ:002800
|
$46.52 Million |
|
Hvidbjerg Bank
CO:HVID
|
$46.53 Million |
|
NexLiving Communities Inc
V:NXLV
|
$46.49 Million |
|
PBG S.A
SA:PTBL3
|
$46.48 Million |
|
IGM Biosciences Inc
NASDAQ:IGMS
|
$46.47 Million |
|
Bengang Steel Plates Co Ltd
SHE:200761
|
$46.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TNR Gold Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -79,490 to 40,479, a change of 119,969.
- Net loss of 1,260,379 reduced equity.
- New share issuances of 1,092,500 increased equity.
- Other factors increased equity by 287,848.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.26 Million | -3113.66% |
| Share Issuances | CA$1.09 Million | +2698.93% |
| Other Changes | CA$287.85K | +711.1% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares TNR 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: 1403.44x
- 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 increased from 0.25x to 1403.44x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CA$1.07 | CA$0.27 | x |
| 2000-12-31 | CA$0.57 | CA$0.27 | x |
| 2001-12-31 | CA$0.56 | CA$0.27 | x |
| 2002-12-31 | CA$0.56 | CA$0.27 | x |
| 2003-12-31 | CA$0.39 | CA$0.27 | x |
| 2004-12-31 | CA$0.30 | CA$0.27 | x |
| 2005-12-31 | CA$0.20 | CA$0.27 | x |
| 2006-12-31 | CA$0.20 | CA$0.27 | x |
| 2007-12-31 | CA$0.17 | CA$0.27 | x |
| 2008-12-31 | CA$0.17 | CA$0.27 | x |
| 2009-12-31 | CA$0.18 | CA$0.27 | x |
| 2010-12-31 | CA$0.14 | CA$0.27 | x |
| 2011-12-31 | CA$0.09 | CA$0.27 | x |
| 2012-12-31 | CA$0.05 | CA$0.27 | x |
| 2013-12-31 | CA$0.04 | CA$0.27 | x |
| 2014-12-31 | CA$0.04 | CA$0.27 | x |
| 2015-12-31 | CA$-0.02 | CA$0.27 | x |
| 2016-12-31 | CA$-0.03 | CA$0.27 | x |
| 2017-12-31 | CA$-0.02 | CA$0.27 | x |
| 2018-12-31 | CA$-0.03 | CA$0.27 | x |
| 2019-12-31 | CA$-0.03 | CA$0.27 | x |
| 2020-12-31 | CA$-0.04 | CA$0.27 | x |
| 2021-12-31 | CA$-0.04 | CA$0.27 | x |
| 2022-12-31 | CA$-0.04 | CA$0.27 | x |
| 2023-12-31 | CA$0.00 | CA$0.27 | x |
| 2024-12-31 | CA$0.00 | CA$0.27 | x |
| 2025-12-31 | CA$0.00 | CA$0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TNR Gold Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3113.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.79x
- Recent ROE (-3113.66%) is below the historical average (-83.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -11.23% | 0.00% | 0.00x | 1.04x | CA$-590.54K |
| 2000 | -112.30% | 0.00% | 0.00x | 1.10x | CA$-2.42 Million |
| 2001 | -7.69% | 0.00% | 0.00x | 1.06x | CA$-428.75K |
| 2002 | -36.89% | 0.00% | 0.00x | 1.06x | CA$-1.53 Million |
| 2003 | -17.78% | 0.00% | 0.00x | 1.12x | CA$-1.05 Million |
| 2004 | -19.16% | 0.00% | 0.00x | 1.06x | CA$-1.51 Million |
| 2005 | -9.50% | 0.00% | 0.00x | 1.04x | CA$-1.19 Million |
| 2006 | -9.49% | 0.00% | 0.00x | 1.03x | CA$-1.61 Million |
| 2007 | -13.74% | 0.00% | 0.00x | 1.05x | CA$-2.39 Million |
| 2008 | -19.40% | 0.00% | 0.00x | 1.13x | CA$-3.68 Million |
| 2009 | -16.90% | 0.00% | 0.00x | 1.07x | CA$-4.30 Million |
| 2010 | -18.73% | 0.00% | 0.00x | 1.04x | CA$-5.04 Million |
| 2011 | -46.74% | 0.00% | 0.00x | 1.13x | CA$-7.11 Million |
| 2012 | -84.02% | 0.00% | 0.00x | 1.80x | CA$-6.51 Million |
| 2013 | -15.80% | 0.00% | 0.00x | 1.87x | CA$-1.55 Million |
| 2014 | -5.77% | 0.00% | 0.00x | 1.76x | CA$-920.88K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-9.05 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-764.87K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$1.41 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.52 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$165.49K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-950.58K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.24 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$406.86K |
| 2023 | 1300.38% | 0.00% | 0.00x | 1.06x | CA$7.83 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.01 Million |
| 2025 | -3113.66% | 0.00% | 0.00x | 2.79x | CA$-1.26 Million |
Industry Comparison
This section compares TNR 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: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TNR Gold Corp. (TNR) | CA$-151.61K | -11.23% | N/A | $46.50 Million |
| Aftermath Silver Ltd (AAG) | $-1.02 Million | 0.00% | 0.00x | $195.23 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $42.41 Million |
| Arbor Metals Corp (ABR) | $153.43K | -30.35% | 0.39x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $-251.39K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $66.13 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $7.22 Million | -119.49% | 0.12x | $159.74 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.33 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $425.46 Million |
About TNR Gold Corp.
TNR Gold Corp. engages in the acquisition and exploration of mineral properties in the United States. The company explores for copper, gold, silver, and lithium deposits. It holds a 90% interest in the Shotgun gold project located in the Kuskokwim and Bristol Bay district, Alaska. The company also holds royalty interests in the Los Azules copper and Mariana lithium projects located in Argentina; … Read more