Honey Badger Silver Inc (TUF) - Net Assets
Based on the latest financial reports, Honey Badger Silver Inc (TUF) has net assets worth CA$1.98 Million CAD (≈ $1.43 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.77 Million ≈ $2.00 Million USD) and total liabilities (CA$791.94K ≈ $572.88K 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 financial resilience of Honey Badger Silver Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.98 Million |
| % of Total Assets | 71.4% |
| Annual Growth Rate | -5.4% |
| 5-Year Change | -18.53% |
| 10-Year Change | N/A |
| Growth Volatility | 153.62 |
Honey Badger Silver Inc - Net Assets Trend (2001–2024)
This chart illustrates how Honey Badger Silver Inc's net assets have evolved over time, based on quarterly financial data. Also explore TUF asset base for the complete picture of this company's asset base.
Annual Net Assets for Honey Badger Silver Inc (2001–2024)
The table below shows the annual net assets of Honey Badger Silver Inc from 2001 to 2024. For live valuation and market cap data, see market value of Honey Badger Silver Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$260.61K ≈ $188.52K |
+225.00% |
| 2023-12-31 | CA$-208.49K ≈ $-150.82K |
-162.82% |
| 2022-12-31 | CA$331.89K ≈ $240.08K |
-81.12% |
| 2021-12-31 | CA$1.76 Million ≈ $1.27 Million |
+449.43% |
| 2020-12-31 | CA$319.89K ≈ $231.40K |
+381.32% |
| 2019-12-31 | CA$-113.71K ≈ $-82.25K |
-116.97% |
| 2018-12-31 | CA$670.21K ≈ $484.82K |
+676.10% |
| 2017-12-31 | CA$-116.34K ≈ $-84.16K |
+83.46% |
| 2016-12-31 | CA$-703.56K ≈ $-508.95K |
-400.22% |
| 2015-12-31 | CA$-140.65K ≈ $-101.75K |
+50.63% |
| 2014-12-31 | CA$-284.88K ≈ $-206.07K |
+36.36% |
| 2013-12-31 | CA$-447.62K ≈ $-323.80K |
-125.43% |
| 2012-12-31 | CA$1.76 Million ≈ $1.27 Million |
-14.97% |
| 2011-12-31 | CA$2.07 Million ≈ $1.50 Million |
+3435.55% |
| 2010-12-31 | CA$-62.07K ≈ $-44.90K |
-120.90% |
| 2009-12-31 | CA$296.95K ≈ $214.81K |
-12.31% |
| 2008-12-31 | CA$338.63K ≈ $244.96K |
-51.30% |
| 2007-12-31 | CA$695.41K ≈ $503.05K |
-40.61% |
| 2006-12-31 | CA$1.17 Million ≈ $847.04K |
+256.51% |
| 2005-12-31 | CA$328.44K ≈ $237.59K |
-43.58% |
| 2004-12-31 | CA$582.10K ≈ $421.08K |
+16.68% |
| 2003-12-31 | CA$498.89K ≈ $360.89K |
-51.61% |
| 2002-12-31 | CA$1.03 Million ≈ $745.80K |
+10.25% |
| 2001-12-31 | CA$935.13K ≈ $676.46K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Honey Badger Silver 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 2572146400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$26.23 Million | 10066.35% |
| Total Equity | CA$260.61K | 100.00% |
Honey Badger Silver Inc Competitors by Market Cap
The table below lists competitors of Honey Badger Silver Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gryphon Digital Mining Inc.
NASDAQ:GRYP
|
$22.85 Million |
|
Desane Group Holdings Ltd
AU:DGH
|
$22.87 Million |
|
Shradha Infraprojects Limited
NSE:SHRADHA
|
$22.87 Million |
|
Indofarma Tbk
JK:INAF
|
$22.88 Million |
|
Global Masters Fund Ltd
AU:GFL
|
$22.84 Million |
|
Kip Mcgrath Education Centres Ltd
AU:KME
|
$22.83 Million |
|
Kalina Power Ltd
AU:KPO
|
$22.83 Million |
|
Parlem Telecom Companyia de Telecomunicacions S.A.
MC:PAR
|
$22.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Honey Badger Silver Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -208,489 to 260,612, a change of 469,101.
- Net loss of 2,127,298 reduced equity.
- New share issuances of 1,579,700 increased equity.
- Other comprehensive income decreased equity by 1,224,495.
- Other factors increased equity by 2,241,194.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.13 Million | -816.27% |
| Share Issuances | CA$1.58 Million | +606.15% |
| Other Comprehensive Income | CA$-1.22 Million | -469.85% |
| Other Changes | CA$2.24 Million | +859.97% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Honey Badger Silver 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: 148.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.39x to 148.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CA$1.35 | CA$0.53 | x |
| 2002-12-31 | CA$1.44 | CA$0.53 | x |
| 2003-12-31 | CA$0.68 | CA$0.53 | x |
| 2004-12-31 | CA$0.80 | CA$0.53 | x |
| 2005-12-31 | CA$0.43 | CA$0.53 | x |
| 2006-12-31 | CA$1.13 | CA$0.53 | x |
| 2007-12-31 | CA$0.60 | CA$0.53 | x |
| 2008-12-31 | CA$0.24 | CA$0.53 | x |
| 2009-12-31 | CA$0.20 | CA$0.53 | x |
| 2010-12-31 | CA$-0.04 | CA$0.53 | x |
| 2011-12-31 | CA$1.13 | CA$0.53 | x |
| 2012-12-31 | CA$0.76 | CA$0.53 | x |
| 2013-12-31 | CA$-0.18 | CA$0.53 | x |
| 2014-12-31 | CA$-0.11 | CA$0.53 | x |
| 2015-12-31 | CA$-0.05 | CA$0.53 | x |
| 2016-12-31 | CA$-0.20 | CA$0.53 | x |
| 2017-12-31 | CA$-0.02 | CA$0.53 | x |
| 2018-12-31 | CA$0.06 | CA$0.53 | x |
| 2019-12-31 | CA$-0.01 | CA$0.53 | x |
| 2020-12-31 | CA$0.02 | CA$0.53 | x |
| 2021-12-31 | CA$0.07 | CA$0.53 | x |
| 2022-12-31 | CA$0.01 | CA$0.53 | x |
| 2023-12-31 | CA$-0.01 | CA$0.53 | x |
| 2024-12-31 | CA$0.00 | CA$0.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Honey Badger Silver Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -816.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 2.49x
- Recent ROE (-816.27%) is below the historical average (-121.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -3.30% | 0.00% | 0.00x | 1.02x | CA$-124.35K |
| 2002 | -3.96% | 0.00% | 0.00x | 1.48x | CA$-143.93K |
| 2003 | -113.12% | 0.00% | 0.00x | 1.33x | CA$-614.23K |
| 2004 | -11.55% | 0.00% | 0.00x | 1.31x | CA$-125.42K |
| 2005 | -125.80% | 0.00% | 0.00x | 1.57x | CA$-446.01K |
| 2006 | -11.80% | 0.00% | 0.00x | 1.03x | CA$-255.31K |
| 2007 | -68.38% | 0.00% | 0.00x | 1.04x | CA$-545.06K |
| 2008 | -295.10% | 0.00% | 0.00x | 1.59x | CA$-1.03 Million |
| 2009 | -106.25% | 0.00% | 0.00x | 1.60x | CA$-345.21K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-956.05K |
| 2011 | 33.48% | 0.00% | 0.00x | 1.37x | CA$486.10K |
| 2012 | -4.43% | 0.00% | 0.00x | 1.45x | CA$-254.03K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.31 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-67.54K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-112.10K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-849.22K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.15 Million |
| 2018 | -353.36% | 0.00% | 0.00x | 1.73x | CA$-2.44 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.01 Million |
| 2020 | -118.72% | 0.00% | 0.00x | 2.28x | CA$-411.75K |
| 2021 | -412.31% | 0.00% | 0.00x | 1.39x | CA$-7.42 Million |
| 2022 | -493.17% | 0.00% | 0.00x | 1.93x | CA$-1.67 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.82 Million |
| 2024 | -816.27% | 0.00% | 0.00x | 2.49x | CA$-2.15 Million |
Industry Comparison
This section compares Honey Badger Silver Inc'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: $19,020,437
- Average return on equity (ROE) among peers: -25.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Honey Badger Silver Inc (TUF) | CA$1.98 Million | -3.30% | 0.40x | $22.84 Million |
| AbraSilver Resource Corp. (ABRA) | $8.76 Million | -117.42% | 2.77x | $1.97 Billion |
| Archon Minerals Ltd (ACS) | $-1.32 Million | 0.00% | 0.00x | $4.63 Million |
| Arctic Star Exploration Corp (ADD) | $7.61 Million | -10.85% | 0.15x | $1.73 Million |
| Adyton Resources Corp (ADY) | $276.14K | -90.50% | 0.96x | $80.71 Million |
| Adamera Minerals Corp. (ADZ) | $4.83 Million | -11.80% | 0.15x | $3.91 Million |
| Austral Gold Ltd (AGLD) | $79.55 Million | 12.51% | 0.72x | $69.64 Million |
| Clean Air Metals Inc (AIR) | $33.89 Million | -9.22% | 0.12x | $12.23 Million |
| Alpha Exploration Ltd (ALEX) | $15.98 Million | -2.45% | 0.05x | $43.40 Million |
| American Creek Resources Ltd (AMK) | $14.12 Million | -24.77% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $26.52 Million | -4.99% | 0.01x | $3.47 Million |
About Honey Badger Silver Inc
Honey Badger Silver Inc. engages in the identification, evaluation, acquisition, and exploration of silver-based and other metals-based assets in Canada. The company also explores for copper, gold, zinc, and lead deposits. Honey Badger Silver Inc. was incorporated in 1992 and is based in White Rock, Canada.