Taranis Resources Inc (TRO) - Net Assets

Latest as of March 2026: CA$8.09 Million CAD ≈ $5.85 Million USD

Based on the latest financial reports, Taranis Resources Inc (TRO) has net assets worth CA$8.09 Million CAD (≈ $5.85 Million 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$9.16 Million ≈ $6.63 Million USD) and total liabilities (CA$1.07 Million ≈ $775.69K 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 Taranis Resources Inc to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$8.09 Million
% of Total Assets 88.3%
Annual Growth Rate 3.15%
5-Year Change 55.63%
10-Year Change 132.03%
Growth Volatility 14.43

Taranis Resources Inc - Net Assets Trend (2013–2025)

This chart illustrates how Taranis Resources Inc's net assets have evolved over time, based on quarterly financial data. See TRO days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Taranis Resources Inc (2013–2025)

The table below shows the annual net assets of Taranis Resources Inc from 2013 to 2025. For live valuation and market cap data, see Taranis Resources Inc stock valuation.

Year Net Assets Change
2025-12-31 CA$7.91 Million
≈ $5.72 Million		 +2.75%
2024-12-31 CA$7.70 Million
≈ $5.57 Million		 +17.00%
2023-12-31 CA$6.58 Million
≈ $4.76 Million		 +16.06%
2022-12-31 CA$5.67 Million
≈ $4.10 Million		 +11.55%
2021-12-31 CA$5.08 Million
≈ $3.68 Million		 +7.44%
2020-12-31 CA$4.73 Million
≈ $3.42 Million		 +5.23%
2019-12-31 CA$4.49 Million
≈ $3.25 Million		 +5.55%
2018-12-31 CA$4.26 Million
≈ $3.08 Million		 +12.56%
2017-12-31 CA$3.78 Million
≈ $2.74 Million		 +11.00%
2016-12-31 CA$3.41 Million
≈ $2.47 Million		 +12.09%
2015-12-31 CA$3.04 Million
≈ $2.20 Million		 -11.31%
2014-12-31 CA$3.43 Million
≈ $2.48 Million		 -37.09%
2013-12-31 CA$5.45 Million
≈ $3.94 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Taranis 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 568314600.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Other Components CA$16.88 Million 213.46%
Total Equity CA$7.91 Million 100.00%

Taranis Resources Inc Competitors by Market Cap

The table below lists competitors of Taranis Resources Inc ranked by their market capitalization.

Company Market Cap
Beeio Honey Ltd
TA:BHNY
 $9.39 Million
UV Germi SA
PA:ALUVI
 $9.40 Million
Flexidynamic Holdings Bhd
KLSE:0231
 $9.40 Million
Red Mountain Mining Ltd
AU:RMX
 $9.41 Million
Seacera Group Bhd
KLSE:7073
 $9.37 Million
Micronet Ltd
TA:MCRNT
 $9.37 Million
Enjoy S.A
SN:ENJOY
 $9.37 Million
ReShape Lifesciences Inc
NASDAQ:RSLS
 $9.35 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Taranis Resources Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 7,696,841 to 7,908,703, a change of 211,862 (2.8%).
  • Net loss of 644,323 reduced equity.
  • New share issuances of 413,085 increased equity.
  • Other factors increased equity by 443,100.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$-644.32K -8.15%
Share Issuances CA$413.08K +5.22%
Other Changes CA$443.10K +5.6%
Total Change CA$- 2.75%

Book Value vs Market Value Analysis

This analysis compares Taranis 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: 1.62x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 1.94x to 1.62x 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$0.06 CA$0.13 x
2018-12-31 CA$0.07 CA$0.13 x
2019-12-31 CA$0.07 CA$0.13 x
2020-12-31 CA$0.06 CA$0.13 x
2021-12-31 CA$0.06 CA$0.13 x
2022-12-31 CA$0.07 CA$0.13 x
2023-12-31 CA$0.07 CA$0.13 x
2024-12-31 CA$0.08 CA$0.13 x
2025-12-31 CA$0.08 CA$0.13 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Taranis 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): -8.15%
  • 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: 1.14x
  • Recent ROE (-8.15%) is above the historical average (-10.73%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 -3.83% 0.00% 0.00x 1.09x CA$-753.87K
2014 -65.83% 0.00% 0.00x 1.12x CA$-2.60 Million
2015 -14.51% 0.00% 0.00x 1.20x CA$-745.27K
2016 -7.29% 0.00% 0.00x 1.25x CA$-589.30K
2017 -7.13% 0.00% 0.00x 1.27x CA$-648.25K
2018 -5.53% 0.00% 0.00x 1.22x CA$-661.19K
2019 -2.80% 0.00% 0.00x 1.22x CA$-575.27K
2020 -3.88% 0.00% 0.00x 1.22x CA$-656.55K
2021 -4.49% 0.00% 0.00x 1.22x CA$-736.31K
2022 -5.22% 0.00% 0.00x 1.22x CA$-862.46K
2023 -7.06% 0.00% 0.00x 1.14x CA$-1.12 Million
2024 -3.76% 0.00% 0.00x 1.14x CA$-1.06 Million
2025 -8.15% 0.00% 0.00x 1.14x CA$-1.44 Million

Industry Comparison

This section compares Taranis 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
Taranis Resources Inc (TRO) CA$8.09 Million -3.83% 0.13x $9.38 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 Taranis Resources Inc

V:TRO Canada Other Industrial Metals & Mining
Market Cap
$9.38 Million
CA$12.97 Million CAD
Market Cap Rank
#27207 Global
#1149 in Canada
Share Price
CA$0.13
Change (1 day)
+0.00%
52-Week Range
CA$0.13 - CA$0.35
All Time High
CA$0.49
Categories
Companies in Canada Other Industrial Metals & Mining
About

Taranis Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of precious and base metal projects in Canada. The company primarily explores for silver, gold, copper, lead, and zinc deposits. It holds a 100% interest in the Thor property comprising 27 crown granted mineral claims and 37 mineral tenures covering an area of approximately 6,470 hectare… Read more