Tres Or Resources Ltd (TRS) - Net Assets
Based on the latest financial reports, Tres Or Resources Ltd (TRS) has net assets worth CA$2.25 Million CAD (≈ $1.63 Million USD) as of November 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.88 Million ≈ $2.08 Million USD) and total liabilities (CA$624.34K ≈ $451.64K 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 Tres Or Resources Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.25 Million |
| % of Total Assets | 78.32% |
| Annual Growth Rate | -2.96% |
| 5-Year Change | -37.15% |
| 10-Year Change | -24.14% |
| Growth Volatility | 13.34 |
Tres Or Resources Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Tres Or Resources Ltd's net assets have evolved over time, based on quarterly financial data. See TRS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tres Or Resources Ltd (2014–2025)
The table below shows the annual net assets of Tres Or Resources Ltd from 2014 to 2025. For live valuation and market cap data, see Tres Or Resources Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | CA$2.18 Million ≈ $1.58 Million |
-2.73% |
| 2024-02-29 | CA$2.24 Million ≈ $1.62 Million |
-34.58% |
| 2023-02-28 | CA$3.43 Million ≈ $2.48 Million |
-0.53% |
| 2022-02-28 | CA$3.45 Million ≈ $2.49 Million |
-0.71% |
| 2021-02-28 | CA$3.47 Million ≈ $2.51 Million |
+25.06% |
| 2020-02-29 | CA$2.77 Million ≈ $2.01 Million |
+6.77% |
| 2019-02-28 | CA$2.60 Million ≈ $1.88 Million |
-7.69% |
| 2018-02-28 | CA$2.81 Million ≈ $2.04 Million |
-3.67% |
| 2017-02-28 | CA$2.92 Million ≈ $2.11 Million |
+1.66% |
| 2016-02-29 | CA$2.87 Million ≈ $2.08 Million |
+1.52% |
| 2015-02-28 | CA$2.83 Million ≈ $2.05 Million |
-6.66% |
| 2014-02-28 | CA$3.03 Million ≈ $2.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tres Or Resources Ltd'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 251165200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$19.18 Million | 879.65% |
| Total Equity | CA$2.18 Million | 100.00% |
Tres Or Resources Ltd Competitors by Market Cap
The table below lists competitors of Tres Or Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reedy Lagoon Corporation Ltd
AU:RLC
|
$1.10 Million |
|
Lithium One Metals Inc
V:LONE
|
$1.10 Million |
|
Baring Emerging Europe Plc
LSE:BEMO
|
$1.10 Million |
|
Optiva Inc
TO:OPT
|
$1.10 Million |
|
Gaming Realms plc
LSE:GMR
|
$1.09 Million |
|
Vivakor Inc
NASDAQ:VIVK
|
$1.09 Million |
|
QVC Group Inc
NASDAQ:QVCGB
|
$1.09 Million |
|
International Iconic Gold Exploration Corp
V:ICON
|
$1.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tres Or Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,241,760 to 2,180,541, a change of -61,219 (-2.7%).
- Net loss of 166,144 reduced equity.
- Other factors increased equity by 104,925.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-166.14K | -7.62% |
| Other Changes | CA$104.92K | +4.81% |
| Total Change | CA$- | -2.73% |
Book Value vs Market Value Analysis
This analysis compares Tres Or Resources Ltd'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: 0.69x
- 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 increased from 0.21x to 0.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-02-28 | CA$0.28 | CA$0.06 | x |
| 2018-02-28 | CA$0.26 | CA$0.06 | x |
| 2019-02-28 | CA$0.24 | CA$0.06 | x |
| 2020-02-29 | CA$0.20 | CA$0.06 | x |
| 2021-02-28 | CA$0.17 | CA$0.06 | x |
| 2022-02-28 | CA$0.15 | CA$0.06 | x |
| 2023-02-28 | CA$0.15 | CA$0.06 | x |
| 2024-02-29 | CA$0.09 | CA$0.06 | x |
| 2025-02-28 | CA$0.09 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tres Or Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -7.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.35x
- Recent ROE (-7.62%) is above the historical average (-9.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -18.13% | 0.00% | 0.00x | 1.16x | CA$-853.28K |
| 2015 | -6.41% | 0.00% | 0.00x | 1.23x | CA$-464.55K |
| 2016 | -5.56% | 0.00% | 0.00x | 1.27x | CA$-447.38K |
| 2017 | -6.55% | 0.00% | 0.00x | 1.28x | CA$-483.69K |
| 2018 | -27.85% | 0.00% | 0.00x | 1.21x | CA$-1.07 Million |
| 2019 | -9.85% | 0.00% | 0.00x | 1.29x | CA$-515.86K |
| 2020 | -16.81% | 0.00% | 0.00x | 1.24x | CA$-743.70K |
| 2021 | -7.41% | 0.00% | 0.00x | 1.23x | CA$-603.91K |
| 2022 | -6.61% | 0.00% | 0.00x | 1.25x | CA$-572.14K |
| 2023 | 9.67% | 0.00% | 0.00x | 1.17x | CA$-11.26K |
| 2024 | -10.42% | 0.00% | 0.00x | 1.28x | CA$-457.87K |
| 2025 | -7.62% | 0.00% | 0.00x | 1.35x | CA$-384.20K |
Industry Comparison
This section compares Tres Or Resources Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tres Or Resources Ltd (TRS) | CA$2.25 Million | -18.13% | 0.28x | $1.10 Million |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.85 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $1.35 Million | -152.13% | 0.40x | $1.73 Million |
| Adyton Resources Corp (ADY) | $14.98 Million | 5.60% | 0.05x | $71.75 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $5.10 Million |
| Austral Gold Ltd (AGLD) | $14.37 Million | -188.43% | 4.16x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $23.22 Million | -5.48% | 0.17x | $11.78 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $37.20 Million |
| American Creek Resources Ltd (AMK) | $12.62 Million | 7.02% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $11.08 Million | -9.78% | 0.02x | $4.54 Million |
About Tres Or Resources Ltd
Tres-Or Resources Ltd., a resource exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Brazil. It explores for diamond and base metal properties. The company owns a 100% interest in various mineral claims, including the Guigues Kimberlite claims located in the Temiscamingue region of southwestern Quebec; and diamond projects located in … Read more