Troubadour Resources Inc (TR) - Net Assets
Based on the latest financial reports, Troubadour Resources Inc (TR) has net assets worth CA$7.48 Million CAD (≈ $5.41 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$7.93 Million ≈ $5.73 Million USD) and total liabilities (CA$444.50K ≈ $321.55K 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 equity quality of Troubadour Resources Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$7.48 Million |
| % of Total Assets | 94.39% |
| Annual Growth Rate | 30.84% |
| 5-Year Change | 365.6% |
| 10-Year Change | N/A |
| Growth Volatility | 180.76 |
Troubadour Resources Inc - Net Assets Trend (2017–2025)
This chart illustrates how Troubadour Resources Inc's net assets have evolved over time, based on quarterly financial data. See TR days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Troubadour Resources Inc (2017–2025)
The table below shows the annual net assets of Troubadour Resources Inc from 2017 to 2025. For live valuation and market cap data, see TR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$7.48 Million ≈ $5.41 Million |
-5.00% |
| 2024-12-31 | CA$7.88 Million ≈ $5.70 Million |
+546.65% |
| 2023-12-31 | CA$1.22 Million ≈ $881.10K |
-16.60% |
| 2022-12-31 | CA$1.46 Million ≈ $1.06 Million |
-9.12% |
| 2021-12-31 | CA$1.61 Million ≈ $1.16 Million |
+66.33% |
| 2020-12-31 | CA$966.23K ≈ $698.95K |
-16.12% |
| 2019-12-31 | CA$1.15 Million ≈ $833.23K |
-17.04% |
| 2018-12-31 | CA$1.39 Million ≈ $1.00 Million |
+59.36% |
| 2017-12-31 | CA$871.26K ≈ $630.26K |
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Equity Component Analysis
This analysis shows how different components contribute to Troubadour 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 468652900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$12.56 Million | 167.91% |
| Total Equity | CA$7.48 Million | 100.00% |
Troubadour Resources Inc Competitors by Market Cap
The table below lists competitors of Troubadour Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Science in Sport plc
LSE:SIS
|
$938.40K |
|
Marshall Machines Limited
NSE:MARSHALL
|
$940.88K |
|
Braemar Plc
LSE:BMS
|
$945.15K |
|
Marwyn Value Investors Limited
LSE:MVI
|
$945.22K |
|
Inti Kapuas Arowana Tbk
JK:IIKP
|
$937.54K |
|
QURI-MAYU DEVELOPMENTS
F:JR9
|
$935.19K |
|
Eurasia Mining
LSE:EUA
|
$933.66K |
|
Companhia Tecidos Santanense Ltda
SA:CTSA3
|
$933.04K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Troubadour Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,876,369 to 7,482,545, a change of -393,824 (-5.0%).
- Net loss of 564,578 reduced equity.
- Other factors increased equity by 170,754.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-564.58K | -7.55% |
| Other Changes | CA$170.75K | +2.28% |
| Total Change | CA$- | -5.00% |
Book Value vs Market Value Analysis
This analysis compares Troubadour 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: 0.17x
- 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 3.54x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.05 | CA$0.19 | x |
| 2018-12-31 | CA$0.06 | CA$0.19 | x |
| 2019-12-31 | CA$0.04 | CA$0.19 | x |
| 2020-12-31 | CA$0.04 | CA$0.19 | x |
| 2021-12-31 | CA$0.11 | CA$0.19 | x |
| 2022-12-31 | CA$0.10 | CA$0.19 | x |
| 2023-12-31 | CA$0.81 | CA$0.19 | x |
| 2024-12-31 | CA$1.15 | CA$0.19 | x |
| 2025-12-31 | CA$1.07 | CA$0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Troubadour Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.06x
- Recent ROE (-7.55%) is above the historical average (-22.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -8.86% | 0.00% | 0.00x | 1.08x | CA$-164.33K |
| 2018 | -29.62% | 0.00% | 0.00x | 1.12x | CA$-550.14K |
| 2019 | -42.90% | 0.00% | 0.00x | 1.06x | CA$-609.32K |
| 2020 | -28.01% | 0.00% | 0.00x | 1.23x | CA$-367.21K |
| 2021 | -22.03% | 0.00% | 0.00x | 1.15x | CA$-514.76K |
| 2022 | -17.32% | 0.00% | 0.00x | 1.25x | CA$-398.93K |
| 2023 | -19.90% | 0.00% | 0.00x | 1.46x | CA$-364.25K |
| 2024 | -26.62% | 0.00% | 0.00x | 1.08x | CA$-2.88 Million |
| 2025 | -7.55% | 0.00% | 0.00x | 1.06x | CA$-1.31 Million |
Industry Comparison
This section compares Troubadour 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: $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 |
|---|---|---|---|---|
| Troubadour Resources Inc (TR) | CA$7.48 Million | -8.86% | 0.06x | $937.70K |
| 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 Troubadour Resources Inc
Troubadour Resources Inc. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for copper, molybdenum, tungsten, silver, zinc, lead, uranium, volcanogenic massive sulfide, and gold deposits. Its holds 100% owned Senneville gold-copper project, which consists of 230 mineral claims covering an area of approximately 130 square kilometers locat… Read more