Volcanic Gold Mines Inc (VG) - Net Assets
Based on the latest financial reports, Volcanic Gold Mines Inc (VG) has net assets worth CA$1.48 Million CAD (≈ $1.07 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$1.75 Million ≈ $1.26 Million USD) and total liabilities (CA$264.50K ≈ $191.33K 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. Also explore VG asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.48 Million |
| % of Total Assets | 84.85% |
| Annual Growth Rate | 15.69% |
| 5-Year Change | -82.3% |
| 10-Year Change | 780.07% |
| Growth Volatility | 2718.82 |
Volcanic Gold Mines Inc - Net Assets Trend (2007–2025)
This chart illustrates how Volcanic Gold Mines Inc's net assets have evolved over time, based on quarterly financial data. Check Volcanic Gold Mines Inc (VG) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Volcanic Gold Mines Inc (2007–2025)
The table below shows the annual net assets of Volcanic Gold Mines Inc from 2007 to 2025. For live valuation and market cap data, see Volcanic Gold Mines Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$1.48 Million ≈ $1.07 Million |
+53.50% |
| 2024-12-31 | CA$964.92K ≈ $698.01K |
-71.85% |
| 2023-12-31 | CA$3.43 Million ≈ $2.48 Million |
-39.65% |
| 2022-12-31 | CA$5.68 Million ≈ $4.11 Million |
-32.13% |
| 2021-12-31 | CA$8.37 Million ≈ $6.05 Million |
-28.61% |
| 2020-12-31 | CA$11.72 Million ≈ $8.48 Million |
+11499.24% |
| 2019-12-31 | CA$101.06K ≈ $73.10K |
+144.94% |
| 2018-12-31 | CA$-224.86K ≈ $-162.66K |
-105.95% |
| 2017-12-31 | CA$3.78 Million ≈ $2.73 Million |
+2143.81% |
| 2016-12-31 | CA$168.29K ≈ $121.74K |
-43.20% |
| 2015-12-31 | CA$296.27K ≈ $214.32K |
-28.15% |
| 2014-12-31 | CA$412.37K ≈ $298.30K |
-43.90% |
| 2013-12-31 | CA$734.99K ≈ $531.68K |
-13.44% |
| 2012-12-31 | CA$849.14K ≈ $614.26K |
-28.57% |
| 2011-12-31 | CA$1.19 Million ≈ $859.97K |
-62.98% |
| 2010-12-31 | CA$3.21 Million ≈ $2.32 Million |
+239.97% |
| 2009-12-31 | CA$944.63K ≈ $683.33K |
+43.55% |
| 2008-12-31 | CA$658.03K ≈ $476.01K |
+511.99% |
| 2007-12-31 | CA$107.52K ≈ $77.78K |
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Equity Component Analysis
This analysis shows how different components contribute to Volcanic Gold Mines 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 2824744500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$29.93 Million | 1805.56% |
| Total Equity | CA$1.66 Million | 100.00% |
Volcanic Gold Mines Inc Competitors by Market Cap
The table below lists competitors of Volcanic Gold Mines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Expion360 Inc
NASDAQ:XPON
|
$3.23 Million |
|
Zhibao Technology Inc. Class A Ordinary Shares
NASDAQ:ZBAO
|
$3.23 Million |
|
Rebosis Property Fund Ltd
JSE:REA
|
$3.23 Million |
|
WesCan Energy Corp
V:WCE
|
$3.23 Million |
|
Nawarat Patanakarn Public Company Limited
BK:NWR
|
$3.22 Million |
|
Australian Pacific Coal Ltd
AU:AQC
|
$3.22 Million |
|
Jaya Swarasa Agung PT
JK:TAYS
|
$3.22 Million |
|
Springs Global Participações S.A.
SA:SGPS3
|
$3.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Volcanic Gold Mines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,141,333 to 1,657,520, a change of 516,187 (45.2%).
- Net loss of 1,111,785 reduced equity.
- New share issuances of 1,664,200 increased equity.
- Other factors decreased equity by 36,228.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.11 Million | -67.08% |
| Share Issuances | CA$1.66 Million | +100.4% |
| Other Changes | CA$-36.23K | -2.19% |
| Total Change | CA$- | 45.23% |
Book Value vs Market Value Analysis
This analysis compares Volcanic Gold Mines 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: 2.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.03x to 2.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CA$2.89 | CA$0.08 | x |
| 2008-12-31 | CA$9.01 | CA$0.08 | x |
| 2009-12-31 | CA$6.86 | CA$0.08 | x |
| 2010-12-31 | CA$13.04 | CA$0.08 | x |
| 2011-12-31 | CA$2.74 | CA$0.08 | x |
| 2012-12-31 | CA$1.92 | CA$0.08 | x |
| 2013-12-31 | CA$1.14 | CA$0.08 | x |
| 2014-12-31 | CA$0.20 | CA$0.08 | x |
| 2015-12-31 | CA$0.14 | CA$0.08 | x |
| 2016-12-31 | CA$0.08 | CA$0.08 | x |
| 2017-12-31 | CA$0.54 | CA$0.08 | x |
| 2018-12-31 | CA$-0.01 | CA$0.08 | x |
| 2019-12-31 | CA$0.03 | CA$0.08 | x |
| 2020-12-31 | CA$0.59 | CA$0.08 | x |
| 2021-12-31 | CA$0.19 | CA$0.08 | x |
| 2022-12-31 | CA$0.13 | CA$0.08 | x |
| 2023-12-31 | CA$0.08 | CA$0.08 | x |
| 2024-12-31 | CA$0.03 | CA$0.08 | x |
| 2025-12-31 | CA$0.03 | CA$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Volcanic Gold Mines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -67.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-67.08%) is above the historical average (-84.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -20.90% | 0.00% | 0.00x | 1.45x | CA$-33.23K |
| 2008 | -26.65% | 0.00% | 0.00x | 1.05x | CA$-241.19K |
| 2009 | -17.10% | 0.00% | 0.00x | 1.10x | CA$-255.96K |
| 2010 | -23.57% | 0.00% | 0.00x | 1.07x | CA$-1.08 Million |
| 2011 | -206.93% | -50796.24% | 0.00x | 1.16x | CA$-2.58 Million |
| 2012 | -52.43% | -10237.02% | 0.00x | 1.20x | CA$-530.12K |
| 2013 | -23.77% | 0.00% | 0.00x | 1.25x | CA$-248.21K |
| 2014 | -196.31% | 0.00% | 0.00x | 1.16x | CA$-850.74K |
| 2015 | -39.19% | 0.00% | 0.00x | 1.41x | CA$-145.72K |
| 2016 | -255.23% | 0.00% | 0.00x | 2.85x | CA$-446.37K |
| 2017 | -198.36% | 0.00% | 0.00x | 1.21x | CA$-6.85 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-4.00 Million |
| 2019 | -71.29% | 0.00% | 0.00x | 0.84x | CA$-225.55K |
| 2020 | -19.00% | 0.00% | 0.00x | 1.00x | CA$-3.45 Million |
| 2021 | -51.50% | 0.00% | 0.00x | 1.01x | CA$-5.25 Million |
| 2022 | -45.37% | 0.00% | 0.00x | 1.02x | CA$-3.24 Million |
| 2023 | -63.65% | 0.00% | 0.00x | 1.02x | CA$-2.65 Million |
| 2024 | -231.28% | 0.00% | 0.00x | 1.12x | CA$-2.75 Million |
| 2025 | -67.08% | 0.00% | 0.00x | 1.05x | CA$-1.28 Million |
Industry Comparison
This section compares Volcanic Gold Mines Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,353,474,797
- Average return on equity (ROE) among peers: -22.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Volcanic Gold Mines Inc (VG) | CA$1.48 Million | -20.90% | 0.18x | $3.22 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.59 Billion |
| Abcourt Mines Inc. (ABI) | $542.08K | -7.78% | 0.16x | $60.24 Million |
| Barrick Gold Corp (ABX) | $12.86 Billion | -22.60% | 1.63x | $59.47 Billion |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $127.56 Million |
| Agnico Eagle Mines Limited (AEM) | $127.14 Million | 11.88% | 1.22x | $69.33 Billion |
| Alamos Gold Inc (AGI) | $74.89 Million | -5.04% | 0.01x | $12.03 Billion |
| AIS Resources Ltd (AIS) | $4.96 Million | -17.19% | 0.24x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.96 Million |
| Altamira Gold Corp (ALTA) | $18.80 Million | -9.47% | 0.04x | $33.26 Million |
| Almaden Minerals Ltd (AMM) | $27.26 Million | -3.85% | 0.03x | $24.82 Million |
About Volcanic Gold Mines Inc
Volcanic Gold Mines Inc. together with its subsidiaries, engages in the acquisition, exploration, and evaluation of mineral properties in Guatemala. It explores for gold and silver deposits. The company holds 60% interest in the Holly and Motagua Norte gold-silver properties in Guatemala. The company was formerly known as Volcanic Metals Corp. and changed its name to Volcanic Gold Mines Inc. in J… Read more