Tudor Gold Corp (TUD) - Net Assets

Latest as of December 2025: CA$235.27 Million CAD ≈ $170.19 Million USD

Based on the latest financial reports, Tudor Gold Corp (TUD) has net assets worth CA$235.27 Million CAD (≈ $170.19 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$252.64 Million ≈ $182.76 Million USD) and total liabilities (CA$17.37 Million ≈ $12.57 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 TUD asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$235.27 Million
% of Total Assets	93.12%
Annual Growth Rate	56.03%
5-Year Change	107.9%
10-Year Change	N/A
Growth Volatility	444.07

Tudor Gold Corp - Net Assets Trend (2011–2025)

This chart illustrates how Tudor Gold Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Tudor Gold Corp's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Tudor Gold Corp (2011–2025)

The table below shows the annual net assets of Tudor Gold Corp from 2011 to 2025. For live valuation and market cap data, see TUD market cap overview.

Year	Net Assets	Change
2025-03-31	CA$115.55 Million ≈ $83.59 Million	+0.37%
2024-03-31	CA$115.12 Million ≈ $83.28 Million	+20.70%
2023-03-31	CA$95.38 Million ≈ $69.00 Million	+2.15%
2022-03-31	CA$93.37 Million ≈ $67.54 Million	+67.99%
2021-03-31	CA$55.58 Million ≈ $40.21 Million	+71.53%
2020-03-31	CA$32.40 Million ≈ $23.44 Million	+75.43%
2019-03-31	CA$18.47 Million ≈ $13.36 Million	+34.34%
2018-03-31	CA$13.75 Million ≈ $9.95 Million	+12.46%
2017-03-31	CA$12.23 Million ≈ $8.84 Million	+14587.54%
2016-03-31	CA$-84.39K ≈ $-61.05K	-405.16%
2015-03-31	CA$27.66K ≈ $20.01K	+1577.08%
2014-03-31	CA$1.65K ≈ $1.19K	-96.38%
2013-03-31	CA$45.55K ≈ $32.95K	-49.43%
2012-03-31	CA$90.07K ≈ $65.16K	-60.47%
2011-03-31	CA$227.85K ≈ $164.82K	--

Equity Component Analysis

This analysis shows how different components contribute to Tudor Gold Corp'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 5393640000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Other Components	CA$169.56 Million	146.74%
Total Equity	CA$115.55 Million	100.00%

Tudor Gold Corp Competitors by Market Cap

The table below lists competitors of Tudor Gold Corp ranked by their market capitalization.

Company	Market Cap
Jiangsu Jingyuan Environmental Protection Co Ltd SHG:688096	$289.45 Million
STEP Energy Services Ltd TO:STEP	$289.46 Million
China Reform Culture Holdings Co Ltd SHG:600636	$289.48 Million
Aurotek Corp TW:6215	$289.52 Million
Rezolute Inc NASDAQ:RZLT	$289.31 Million
Asiacement KO:183190	$289.25 Million
Siddhi Acquisition Corp Class A Common stock NASDAQ:SDHI	$289.16 Million
Izertis Sa MC:IZER	$289.06 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tudor Gold Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 115,122,138 to 115,552,653, a change of 430,515 (0.4%).
Net loss of 6,259,398 reduced equity.
Other comprehensive income decreased equity by 24,082,787.
Other factors increased equity by 30,772,700.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-6.26 Million	-5.42%
Other Comprehensive Income	CA$-24.08 Million	-20.84%
Other Changes	CA$30.77 Million	+26.63%
Total Change	CA$-	0.37%

Book Value vs Market Value Analysis

This analysis compares Tudor Gold Corp'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: 2.00x
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 3.87x to 2.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-03-31	CA$0.25	CA$0.98	x
2012-03-31	CA$0.08	CA$0.98	x
2013-03-31	CA$0.03	CA$0.98	x
2014-03-31	CA$0.00	CA$0.98	x
2015-03-31	CA$0.01	CA$0.98	x
2016-03-31	CA$-0.03	CA$0.98	x
2017-03-31	CA$0.21	CA$0.98	x
2018-03-31	CA$0.17	CA$0.98	x
2019-03-31	CA$0.20	CA$0.98	x
2020-03-31	CA$0.25	CA$0.98	x
2021-03-31	CA$0.34	CA$0.98	x
2022-03-31	CA$0.51	CA$0.98	x
2023-03-31	CA$0.48	CA$0.98	x
2024-03-31	CA$0.52	CA$0.98	x
2025-03-31	CA$0.49	CA$0.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tudor Gold Corp 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): -5.42%
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: 1.12x
Recent ROE (-5.42%) is above the historical average (-214.56%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	-31.02%	0.00%	0.00x	1.05x	CA$-93.46K
2012	-152.96%	0.00%	0.00x	1.18x	CA$-146.78K
2013	-119.71%	0.00%	0.00x	1.19x	CA$-59.08K
2014	-2662.22%	0.00%	0.00x	6.06x	CA$-44.06K
2015	-133.77%	0.00%	0.00x	1.27x	CA$-39.76K
2016	0.00%	0.00%	0.00x	0.00x	CA$-104.39K
2017	-11.30%	0.00%	0.00x	1.01x	CA$-2.60 Million
2018	-26.83%	0.00%	0.00x	1.27x	CA$-5.06 Million
2019	-18.94%	0.00%	0.00x	1.13x	CA$-5.35 Million
2020	-11.16%	0.00%	0.00x	1.01x	CA$-6.86 Million
2021	-21.86%	0.00%	0.00x	1.06x	CA$-17.71 Million
2022	-11.86%	0.00%	0.00x	1.07x	CA$-20.41 Million
2023	-4.61%	0.00%	0.00x	1.11x	CA$-13.93 Million
2024	-6.72%	0.00%	0.00x	1.12x	CA$-19.25 Million
2025	-5.42%	0.00%	0.00x	1.12x	CA$-17.81 Million

Industry Comparison

This section compares Tudor Gold Corp's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $503,278,506
Average return on equity (ROE) among peers: -30.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tudor Gold Corp (TUD)	CA$235.27 Million	-31.02%	0.07x	$289.38 Million
Allied Gold Corporation (AAUC)	$381.03 Million	-54.71%	1.51x	$3.60 Billion
Abcourt Mines Inc. (ABI)	$31.66 Million	1.13%	0.45x	$86.06 Million
Barrick Gold Corp (ABX)	$3.56 Billion	6.97%	0.76x	$63.93 Billion
American Eagle Gold Corp (AE)	$830.83K	-165.75%	0.05x	$138.81 Million
Agnico Eagle Mines Limited (AEM)	$211.31 Million	-3.62%	0.87x	$90.48 Billion
Alamos Gold Inc (AGI)	$783.33 Million	-0.27%	0.12x	$16.27 Billion
AIS Resources Ltd (AIS)	$4.69 Million	-71.34%	0.07x	$1.76 Million
Alliance Mining Corp (ALM)	$-3.11 Million	0.00%	0.00x	$1.58 Million
Altamira Gold Corp (ALTA)	$15.01 Million	-10.64%	0.03x	$38.60 Million
Almaden Minerals Ltd (AMM)	$45.22 Million	-8.90%	0.05x	$24.82 Million

About Tudor Gold Corp

V:TUD Canada Gold

Market Cap

$289.38 Million

CA$400.04 Million CAD

Market Cap Rank

#15115 Global

#454 in Canada

Share Price

CA$0.98

Change (1 day)

-1.01%

52-Week Range

CA$0.49 - CA$1.57

All Time High

CA$4.16