Tsodilo Resources Limited (TSD) - Net Assets
Based on the latest financial reports, Tsodilo Resources Limited (TSD) has net assets worth CA$-2.05 Million CAD (≈ $-1.49 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$2.72 Million ≈ $1.97 Million USD) and total liabilities (CA$4.77 Million ≈ $3.45 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Tsodilo Resources Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-2.05 Million |
| % of Total Assets | -75.54% |
| Annual Growth Rate | N/A |
| 5-Year Change | -139.37% |
| 10-Year Change | -125.0% |
| Growth Volatility | 75.46 |
Tsodilo Resources Limited - Net Assets Trend (2013–2025)
This chart illustrates how Tsodilo Resources Limited's net assets have evolved over time, based on quarterly financial data. See Tsodilo Resources Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tsodilo Resources Limited (2013–2025)
The table below shows the annual net assets of Tsodilo Resources Limited from 2013 to 2025. For live valuation and market cap data, see market value of Tsodilo Resources Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$-2.05 Million ≈ $-1.49 Million |
-224.20% |
| 2024-12-31 | CA$1.65 Million ≈ $1.20 Million |
-28.51% |
| 2023-12-31 | CA$2.31 Million ≈ $1.67 Million |
-26.07% |
| 2022-12-31 | CA$3.13 Million ≈ $2.26 Million |
-40.02% |
| 2021-12-31 | CA$5.22 Million ≈ $3.77 Million |
-5.14% |
| 2020-12-31 | CA$5.50 Million ≈ $3.98 Million |
-10.43% |
| 2019-12-31 | CA$6.14 Million ≈ $4.44 Million |
-1.16% |
| 2018-12-31 | CA$6.21 Million ≈ $4.49 Million |
-18.65% |
| 2017-12-31 | CA$7.64 Million ≈ $5.52 Million |
-7.03% |
| 2016-12-31 | CA$8.21 Million ≈ $5.94 Million |
+129.71% |
| 2015-12-31 | CA$3.58 Million ≈ $2.59 Million |
-72.65% |
| 2014-12-31 | CA$13.08 Million ≈ $9.46 Million |
+0.82% |
| 2013-12-31 | CA$12.97 Million ≈ $9.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tsodilo Resources Limited'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 2589587600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$57.57 Million | % |
| Total Equity | CA$-2.05 Million | 100.00% |
Tsodilo Resources Limited Competitors by Market Cap
The table below lists competitors of Tsodilo Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vineet Laboratories Limited
NSE:VINEETLAB
|
$7.24 Million |
|
Tribe Property Technologies Inc
V:TRBE
|
$7.24 Million |
|
Rockhopper Exploration
LSE:RKH
|
$7.24 Million |
|
Trifecta Gold Ltd
V:TG
|
$7.25 Million |
|
Box Pak (Malaysia) Bhd
KLSE:6297
|
$7.23 Million |
|
NB Distressed Debt Investment Fund Ltd
LSE:NBDD
|
$7.23 Million |
|
Capitol Nusantara Indonesia
JK:CANI
|
$7.23 Million |
|
Ordinary Fully Paid Deferred Settlement
AU:DWGDA
|
$7.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsodilo Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,653,785 to -2,053,948, a change of -3,707,733 (-224.2%).
- Net loss of 4,255,577 reduced equity.
- New share issuances of 217,860 increased equity.
- Other factors increased equity by 329,984.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-4.26 Million | -207.19% |
| Share Issuances | CA$217.86K | +10.61% |
| Other Changes | CA$329.98K | +16.07% |
| Total Change | CA$- | -224.20% |
Book Value vs Market Value Analysis
This analysis compares Tsodilo Resources Limited'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 |
|---|---|---|---|
| 2017-12-31 | CA$0.17 | CA$0.15 | x |
| 2018-12-31 | CA$0.14 | CA$0.15 | x |
| 2019-12-31 | CA$0.14 | CA$0.15 | x |
| 2020-12-31 | CA$0.12 | CA$0.15 | x |
| 2021-12-31 | CA$0.11 | CA$0.15 | x |
| 2022-12-31 | CA$0.06 | CA$0.15 | x |
| 2023-12-31 | CA$0.04 | CA$0.15 | x |
| 2024-12-31 | CA$0.03 | CA$0.15 | x |
| 2025-12-31 | CA$-0.04 | CA$0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsodilo Resources Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-43.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -6.08% | 0.00% | 0.00x | 1.04x | CA$-2.06 Million |
| 2014 | -8.00% | 0.00% | 0.00x | 1.04x | CA$-2.32 Million |
| 2015 | -267.44% | 0.00% | 0.00x | 1.24x | CA$-9.92 Million |
| 2016 | -27.31% | 0.00% | 0.00x | 1.04x | CA$-3.07 Million |
| 2017 | -17.04% | 0.00% | 0.00x | 1.03x | CA$-2.07 Million |
| 2018 | -16.35% | 0.00% | 0.00x | 1.15x | CA$-1.64 Million |
| 2019 | -4.85% | 0.00% | 0.00x | 1.26x | CA$-911.63K |
| 2020 | -11.91% | 0.00% | 0.00x | 1.34x | CA$-1.20 Million |
| 2021 | -25.23% | 0.00% | 0.00x | 1.35x | CA$-1.84 Million |
| 2022 | -64.55% | 0.00% | 0.00x | 1.86x | CA$-2.33 Million |
| 2023 | -49.77% | 0.00% | 0.00x | 2.42x | CA$-1.38 Million |
| 2024 | -63.08% | 0.00% | 0.00x | 3.37x | CA$-1.21 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.05 Million |
Industry Comparison
This section compares Tsodilo Resources Limited'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: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsodilo Resources Limited (TSD) | CA$-2.05 Million | -6.08% | N/A | $7.24 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 Tsodilo Resources Limited
Tsodilo Resources Limited, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the Republic of Botswana. It explores for diamond, copper, cobalt, iron, and base and precious metals. The company owns 100% interests in the Gcwihaba project comprising five base, precious, platinum group, and rare earth metal prospecting licenses located in … Read more