TinOne Resources Inc (TORC) - Net Assets
Based on the latest financial reports, TinOne Resources Inc (TORC) has net assets worth CA$3.06 Million CAD (≈ $2.21 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$4.57 Million ≈ $3.30 Million USD) and total liabilities (CA$1.51 Million ≈ $1.09 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. Also explore how large is TinOne Resources Inc's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.06 Million |
| % of Total Assets | 66.95% |
| Annual Growth Rate | 88.7% |
| 5-Year Change | 527.69% |
| 10-Year Change | N/A |
| Growth Volatility | 352.09 |
TinOne Resources Inc - Net Assets Trend (2019–2025)
This chart illustrates how TinOne Resources Inc's net assets have evolved over time, based on quarterly financial data. Check how tangible is TinOne Resources Inc's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for TinOne Resources Inc (2019–2025)
The table below shows the annual net assets of TinOne Resources Inc from 2019 to 2025. For live valuation and market cap data, see market value of TinOne Resources Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | CA$2.96 Million ≈ $2.14 Million |
-22.74% |
| 2024-06-30 | CA$3.83 Million ≈ $2.77 Million |
-31.82% |
| 2023-06-30 | CA$5.62 Million ≈ $4.06 Million |
+11.45% |
| 2022-06-30 | CA$5.04 Million ≈ $3.65 Million |
+969.15% |
| 2021-06-30 | CA$471.54K ≈ $341.10K |
+97.60% |
| 2020-06-30 | CA$238.64K ≈ $172.63K |
+264.33% |
| 2019-06-30 | CA$65.50K ≈ $47.38K |
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Equity Component Analysis
This analysis shows how different components contribute to TinOne Resources 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 963000900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$12.68 Million | 428.47% |
| Total Equity | CA$2.96 Million | 100.00% |
TinOne Resources Inc Competitors by Market Cap
The table below lists competitors of TinOne Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gateley (Holdings) Plc
LSE:GTLY
|
$880.32K |
|
GACM Technologies Limited
NSE:GATECHDVR
|
$882.00K |
|
Asian Television Network International Ltd
V:SAT
|
$882.63K |
|
Nicolas Miguet et Associes SA
PA:MLNMA
|
$882.96K |
|
Michelmersh Brick Holdings Plc
LSE:MBH
|
$876.94K |
|
BlockMint Technologies Inc
V:BKMT
|
$872.45K |
|
Marna Beteiligungen AG
F:M5S
|
$870.98K |
|
Zephyr Energy PLC
LSE:ZPHR
|
$869.03K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TinOne Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,830,792 to 2,959,790, a change of -871,002 (-22.7%).
- Net loss of 775,514 reduced equity.
- Other factors decreased equity by 95,488.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-775.51K | -26.2% |
| Other Changes | CA$-95.49K | -3.23% |
| Total Change | CA$- | -22.74% |
Book Value vs Market Value Analysis
This analysis compares TinOne Resources 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: 0.22x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 58.59x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | CA$0.00 | CA$0.07 | x |
| 2020-06-30 | CA$0.00 | CA$0.07 | x |
| 2021-06-30 | CA$0.01 | CA$0.07 | x |
| 2022-06-30 | CA$0.09 | CA$0.07 | x |
| 2023-06-30 | CA$0.66 | CA$0.07 | x |
| 2024-06-30 | CA$0.41 | CA$0.07 | x |
| 2025-06-30 | CA$0.32 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TinOne Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -26.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.49x
- Recent ROE (-26.20%) is above the historical average (-79.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -137.40% | 0.00% | 0.00x | 1.07x | CA$-96.55K |
| 2020 | -118.83% | 0.00% | 0.00x | 2.90x | CA$-307.43K |
| 2021 | -105.69% | 0.00% | 0.00x | 1.95x | CA$-545.51K |
| 2022 | -58.57% | 0.00% | 0.00x | 1.11x | CA$-3.46 Million |
| 2023 | -49.66% | 0.00% | 0.00x | 1.04x | CA$-3.35 Million |
| 2024 | -60.93% | 0.00% | 0.00x | 1.31x | CA$-2.72 Million |
| 2025 | -26.20% | 0.00% | 0.00x | 1.49x | CA$-1.07 Million |
Industry Comparison
This section compares TinOne Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,353,474,797
- Average return on equity (ROE) among peers: -22.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TinOne Resources Inc (TORC) | CA$3.06 Million | -137.40% | 0.49x | $878.06K |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.59 Billion |
| Abcourt Mines Inc. (ABI) | $542.08K | -7.78% | 0.16x | $60.24 Million |
| Barrick Gold Corp (ABX) | $12.86 Billion | -22.60% | 1.63x | $59.47 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $127.56 Million |
| Agnico Eagle Mines Limited (AEM) | $127.14 Million | 11.88% | 1.22x | $69.33 Billion |
| Alamos Gold Inc (AGI) | $74.89 Million | -5.04% | 0.01x | $12.03 Billion |
| AIS Resources Ltd (AIS) | $4.96 Million | -17.19% | 0.24x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $18.80 Million | -9.47% | 0.04x | $33.26 Million |
| Almaden Minerals Ltd (AMM) | $27.26 Million | -3.85% | 0.03x | $24.82 Million |
About TinOne Resources Inc
TinOne Resources Inc. engages in the acquisition, exploration, and development of mineral properties in Australia and New Zealand. It explores for gold, lithium, tungsten, and tin deposits. The company is headquartered in Vancouver, Canada.