Teras Resources Inc (TRA) - Net Assets
Based on the latest financial reports, Teras Resources Inc (TRA) has net assets worth CA$-588.58K CAD as of February 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$344.15K) and total liabilities (CA$932.72K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-588.58K |
| % of Total Assets | -171.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | -100.3% |
| 10-Year Change | -100.48% |
| Growth Volatility | 42.2 |
Teras Resources Inc - Net Assets Trend (2011–2022)
This chart illustrates how Teras Resources 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 Teras Resources Inc (2011–2022)
The table below shows the annual net assets of Teras Resources Inc from 2011 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-05-31 | CA$-76.57K | -100.30% |
| 2021-05-31 | CA$25.68 Million | +2.27% |
| 2020-05-31 | CA$25.11 Million | -0.44% |
| 2019-05-31 | CA$25.22 Million | +0.35% |
| 2018-05-31 | CA$25.13 Million | +1.99% |
| 2017-05-31 | CA$24.64 Million | +3.19% |
| 2016-05-31 | CA$23.88 Million | +0.75% |
| 2015-05-31 | CA$23.70 Million | +4.90% |
| 2014-05-31 | CA$22.60 Million | +41.95% |
| 2013-05-31 | CA$15.92 Million | -7.81% |
| 2012-05-31 | CA$17.27 Million | +88.17% |
| 2011-05-31 | CA$9.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Teras 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 3689913500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$46.95 Million | % |
| Other Components | CA$4.66 Million | % |
| Total Equity | CA$-76.57K | 100.00% |
Teras Resources Inc Competitors by Market Cap
The table below lists competitors of Teras Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Geneuro SA
PA:GNRO
|
$911.56K |
|
Lake Winn Resources Corp
V:LWR
|
$912.07K |
|
Journeo PLC
LSE:JNEO
|
$913.97K |
|
Ristia Bintang Mahkotasejati
JK:RBMS
|
$914.10K |
|
Helix Exploration PLC
LSE:HEX
|
$907.91K |
|
Antelope Enterprise Holdings Ltd
NASDAQ:AEHL
|
$905.85K |
|
Bessor Minerals Inc
V:BST
|
$905.26K |
|
Acutus Medical Inc
NASDAQ:AFIB
|
$903.35K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Teras Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 25,677,072 to -76,571, a change of -25,753,643 (-100.3%).
- Net loss of 26,878,994 reduced equity.
- New share issuances of 1,037,925 increased equity.
- Other factors increased equity by 87,426.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-26.88 Million | -35103.36% |
| Share Issuances | CA$1.04 Million | +1355.51% |
| Other Changes | CA$87.43K | +114.18% |
| Total Change | CA$- | -100.30% |
Book Value vs Market Value Analysis
This analysis compares Teras 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 |
|---|---|---|---|
| 2017-05-31 | CA$0.15 | CA$0.01 | x |
| 2018-05-31 | CA$0.14 | CA$0.01 | x |
| 2019-05-31 | CA$0.13 | CA$0.01 | x |
| 2020-05-31 | CA$0.12 | CA$0.01 | x |
| 2021-05-31 | CA$0.11 | CA$0.01 | x |
| 2022-05-31 | CA$0.00 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Teras Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-5.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -15.29% | -21340.24% | 0.00x | 1.08x | CA$-2.32 Million |
| 2012 | -9.12% | -320.30% | 0.03x | 1.04x | CA$-3.30 Million |
| 2013 | -12.16% | -173567.26% | 0.00x | 1.08x | CA$-3.53 Million |
| 2014 | -4.77% | -65061.28% | 0.00x | 1.05x | CA$-3.34 Million |
| 2015 | -3.32% | -1508.18% | 0.00x | 1.03x | CA$-3.16 Million |
| 2016 | -1.00% | -15988.14% | 0.00x | 1.01x | CA$-2.63 Million |
| 2017 | -5.14% | -143414.50% | 0.00x | 1.01x | CA$-3.73 Million |
| 2018 | -3.24% | -95605.64% | 0.00x | 1.01x | CA$-3.33 Million |
| 2019 | -3.90% | -973759.41% | 0.00x | 1.01x | CA$-3.51 Million |
| 2020 | -3.67% | 0.00% | 0.00x | 1.03x | CA$-3.43 Million |
| 2021 | -3.68% | 0.00% | 0.00x | 1.04x | CA$-3.51 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-26.87 Million |
Industry Comparison
This section compares Teras Resources Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Teras Resources Inc (TRA) | CA$-588.58K | -15.29% | N/A | $908.19K |
| 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 Teras Resources Inc
Teras Resources Inc. engages in the acquisition, exploration, and development of mineral resource properties in Montana, Nevada, and Cahuilla in California. The company explores for gold and silver metals. Its flagship property is the Cahuilla project located in Imperial County, California. The company was formerly known as Profile Resources Inc. and changed its name to Teras Resources Inc. in Se… Read more