Torq Resources Inc (TORQ) - Net Assets
Based on the latest financial reports, Torq Resources Inc (TORQ) has net assets worth CA$-3.78 Million CAD (≈ $-2.74 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$1.82 Million ≈ $1.32 Million USD) and total liabilities (CA$5.61 Million ≈ $4.06 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Torq Resources Inc (TORQ) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-3.78 Million |
| % of Total Assets | -207.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | -163.59% |
| 10-Year Change | N/A |
| Growth Volatility | 1167.68 |
Torq Resources Inc - Net Assets Trend (2000–2024)
This chart illustrates how Torq Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore Torq Resources Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Torq Resources Inc (2000–2024)
The table below shows the annual net assets of Torq Resources Inc from 2000 to 2024. For live valuation and market cap data, see TORQ stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-5.65 Million ≈ $-4.09 Million |
-644.78% |
| 2023-12-31 | CA$1.04 Million ≈ $750.82K |
-91.35% |
| 2022-12-31 | CA$12.00 Million ≈ $8.68 Million |
+262.70% |
| 2021-12-31 | CA$3.31 Million ≈ $2.39 Million |
-62.79% |
| 2020-12-31 | CA$8.89 Million ≈ $6.43 Million |
-17.91% |
| 2019-12-31 | CA$10.83 Million ≈ $7.84 Million |
-12.45% |
| 2018-12-31 | CA$12.37 Million ≈ $8.95 Million |
-29.98% |
| 2017-12-31 | CA$17.67 Million ≈ $12.78 Million |
+197.45% |
| 2016-12-31 | CA$5.94 Million ≈ $4.30 Million |
+1533.35% |
| 2015-12-31 | CA$-414.44K ≈ $-299.80K |
-1002.63% |
| 2014-12-31 | CA$45.91K ≈ $33.21K |
-74.32% |
| 2013-12-31 | CA$178.80K ≈ $129.34K |
-56.21% |
| 2012-12-31 | CA$408.28K ≈ $295.34K |
-97.39% |
| 2011-12-31 | CA$15.64 Million ≈ $11.31 Million |
+4976.30% |
| 2010-12-31 | CA$308.07K ≈ $222.86K |
-54.98% |
| 2009-12-31 | CA$684.23K ≈ $494.96K |
-70.48% |
| 2008-12-31 | CA$2.32 Million ≈ $1.68 Million |
-58.96% |
| 2007-12-31 | CA$5.65 Million ≈ $4.09 Million |
+593.95% |
| 2006-12-31 | CA$813.84K ≈ $588.72K |
+41.67% |
| 2005-12-31 | CA$574.48K ≈ $415.57K |
+345.67% |
| 2004-12-31 | CA$128.90K ≈ $93.25K |
+315.70% |
| 2003-12-31 | CA$-59.76K ≈ $-43.23K |
-28.80% |
| 2002-12-31 | CA$-46.40K ≈ $-33.56K |
-58.98% |
| 2001-12-31 | CA$-29.18K ≈ $-21.11K |
-154.45% |
| 2000-12-31 | CA$-11.47K ≈ $-8.30K |
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Equity Component Analysis
This analysis shows how different components contribute to Torq 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 9695013100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$92.84 Million | % |
| Total Equity | CA$-5.65 Million | 100.00% |
Torq Resources Inc Competitors by Market Cap
The table below lists competitors of Torq Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STO Co. Ltd
KQ:098660
|
$9.41 Million |
|
Jupiter Fund Management Plc
LSE:JUP
|
$9.41 Million |
|
Godolphin Resources Ltd
AU:GRL
|
$9.41 Million |
|
Kumpulan Jetson Bhd
KLSE:9083
|
$9.42 Million |
|
Casa Minerals Inc
V:CASA
|
$9.41 Million |
|
Dfcity Group Bhd
KLSE:5165
|
$9.41 Million |
|
SOLUTIANCE AG NA O.N.
F:SLSA
|
$9.41 Million |
|
Induct AS
OL:INDCT
|
$9.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Torq Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,037,928 to -5,654,432, a change of -6,692,360 (-644.8%).
- Net loss of 12,414,324 reduced equity.
- New share issuances of 5,345,478 increased equity.
- Other comprehensive income decreased equity by 13,960,750.
- Other factors increased equity by 14,337,236.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-12.41 Million | -219.55% |
| Share Issuances | CA$5.35 Million | +94.54% |
| Other Comprehensive Income | CA$-13.96 Million | -246.9% |
| Other Changes | CA$14.34 Million | +253.56% |
| Total Change | CA$- | -644.78% |
Book Value vs Market Value Analysis
This analysis compares Torq 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$-0.35 | CA$0.07 | x |
| 2002-12-31 | CA$-0.56 | CA$0.07 | x |
| 2003-12-31 | CA$-0.72 | CA$0.07 | x |
| 2004-12-31 | CA$1.08 | CA$0.07 | x |
| 2005-12-31 | CA$1.53 | CA$0.07 | x |
| 2006-12-31 | CA$1.21 | CA$0.07 | x |
| 2007-12-31 | CA$3.75 | CA$0.07 | x |
| 2008-12-31 | CA$0.96 | CA$0.07 | x |
| 2009-12-31 | CA$0.24 | CA$0.07 | x |
| 2010-12-31 | CA$0.04 | CA$0.07 | x |
| 2011-12-31 | CA$0.95 | CA$0.07 | x |
| 2012-12-31 | CA$0.01 | CA$0.07 | x |
| 2013-12-31 | CA$0.00 | CA$0.07 | x |
| 2014-12-31 | CA$0.00 | CA$0.07 | x |
| 2015-12-31 | CA$-0.01 | CA$0.07 | x |
| 2016-12-31 | CA$0.14 | CA$0.07 | x |
| 2017-12-31 | CA$0.24 | CA$0.07 | x |
| 2018-12-31 | CA$0.16 | CA$0.07 | x |
| 2019-12-31 | CA$0.14 | CA$0.07 | x |
| 2020-12-31 | CA$0.11 | CA$0.07 | x |
| 2021-12-31 | CA$0.04 | CA$0.07 | x |
| 2022-12-31 | CA$0.14 | CA$0.07 | x |
| 2023-12-31 | CA$0.01 | CA$0.07 | x |
| 2024-12-31 | CA$-0.04 | CA$0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Torq Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-332.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.00% | -21496.61% | 0.00x | 0.00x | CA$-24.22K |
| 2001 | 0.00% | -47878.38% | 0.00x | 0.00x | CA$-14.80K |
| 2002 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-12.57K |
| 2003 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-7.39K |
| 2004 | -241.76% | 0.00% | 0.00x | 1.50x | CA$-324.52K |
| 2005 | -661.32% | 0.00% | 0.00x | 1.21x | CA$-3.86 Million |
| 2006 | -83.31% | 0.00% | 0.00x | 1.16x | CA$-759.40K |
| 2007 | -62.22% | 0.00% | 0.00x | 1.05x | CA$-4.08 Million |
| 2008 | -138.63% | 0.00% | 0.00x | 1.01x | CA$-3.45 Million |
| 2009 | -308.19% | 0.00% | 0.00x | 1.04x | CA$-2.18 Million |
| 2010 | -139.95% | 0.00% | 0.00x | 1.04x | CA$-461.97K |
| 2011 | -8.83% | 0.00% | 0.00x | 1.06x | CA$-2.95 Million |
| 2012 | -3989.34% | 0.00% | 0.00x | 3.28x | CA$-16.33 Million |
| 2013 | -141.93% | 0.00% | 0.00x | 4.68x | CA$-271.66K |
| 2014 | -289.42% | 0.00% | 0.00x | 14.97x | CA$-137.48K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-418.91K |
| 2016 | -11.12% | 0.00% | 0.00x | 1.14x | CA$-1.25 Million |
| 2017 | -18.09% | 0.00% | 0.00x | 1.02x | CA$-4.96 Million |
| 2018 | -39.39% | 0.00% | 0.00x | 1.02x | CA$-6.11 Million |
| 2019 | -15.49% | 0.00% | 0.00x | 1.02x | CA$-2.76 Million |
| 2020 | -23.48% | 0.00% | 0.00x | 1.02x | CA$-2.98 Million |
| 2021 | -195.78% | 0.00% | 0.00x | 1.20x | CA$-6.81 Million |
| 2022 | -97.65% | 0.00% | 0.00x | 1.30x | CA$-12.92 Million |
| 2023 | -1850.96% | 0.00% | 0.00x | 4.05x | CA$-19.32 Million |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-11.85 Million |
Industry Comparison
This section compares Torq Resources Inc'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: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Torq Resources Inc (TORQ) | CA$-3.78 Million | 0.00% | N/A | $9.41 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Torq Resources Inc
Torq Resources Inc., a junior exploration company, engages in the acquisition and exploration of mineral properties in the Americas. It has an option to acquire 100% interests in the Margarita iron-oxide-copper-gold project covering an area of approximately 1,445 hectares located in the city of Copiapo, Chile; and Santa Cecilia gold-copper project, which covers an area of 3,250-hectares located i… Read more