Volcanic Gold Mines Inc (VG) - Net Assets
Based on the latest financial reports, Volcanic Gold Mines Inc (VG) has net assets worth CA$1.80 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.06 Million) and total liabilities (CA$268.46K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.80 Million |
| % of Total Assets | 86.99% |
| Annual Growth Rate | 13.78% |
| 5-Year Change | -91.77% |
| 10-Year Change | 225.69% |
| Growth Volatility | 2795.47 |
Volcanic Gold Mines Inc - Net Assets Trend (2007–2024)
This chart illustrates how Volcanic Gold Mines Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Volcanic Gold Mines Inc (2007–2024)
The table below shows the annual net assets of Volcanic Gold Mines Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$964.92K | -71.85% |
| 2023-12-31 | CA$3.43 Million | -39.65% |
| 2022-12-31 | CA$5.68 Million | -32.13% |
| 2021-12-31 | CA$8.37 Million | -28.61% |
| 2020-12-31 | CA$11.72 Million | +11499.24% |
| 2019-12-31 | CA$101.06K | +144.94% |
| 2018-12-31 | CA$-224.86K | -105.95% |
| 2017-12-31 | CA$3.78 Million | +2143.81% |
| 2016-12-31 | CA$168.29K | -43.20% |
| 2015-12-31 | CA$296.27K | -28.15% |
| 2014-12-31 | CA$412.37K | -43.90% |
| 2013-12-31 | CA$734.99K | -13.44% |
| 2012-12-31 | CA$849.14K | -28.57% |
| 2011-12-31 | CA$1.19 Million | -62.98% |
| 2010-12-31 | CA$3.21 Million | +239.97% |
| 2009-12-31 | CA$944.63K | +43.55% |
| 2008-12-31 | CA$658.03K | +511.99% |
| 2007-12-31 | CA$107.52K | -- |
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 2757766500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$28.74 Million | 2518.24% |
| Total Equity | CA$1.14 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 |
|---|---|
|
CN Asia Corporation Bhd
KLSE:7986
|
$4.73 Million |
|
Aro Granite Industries Limited
NSE:AROGRANITE
|
$4.73 Million |
|
EMU NL
AU:EMU
|
$4.73 Million |
|
Qualigen Therapeutics Inc
NASDAQ:QLGN
|
$4.74 Million |
|
7KU
F:7KU
|
$4.73 Million |
|
Videndum Plc
LSE:VID
|
$4.73 Million |
|
Melkior Resources Inc.
V:MKR
|
$4.72 Million |
|
Blue Coast Hotels Limited
NSE:BLUECOAST
|
$4.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Volcanic Gold Mines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,603,970 to 1,141,333, a change of -2,462,637 (-68.3%).
- Net loss of 2,639,671 reduced equity.
- Other comprehensive income decreased equity by 1,989,185.
- Other factors increased equity by 2,166,219.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.64 Million | -231.28% |
| Other Comprehensive Income | CA$-1.99 Million | -174.29% |
| Other Changes | CA$2.17 Million | +189.8% |
| Total Change | CA$- | -68.33% |
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: 4.39x
- 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 0.04x to 4.39x 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$0.11 | x |
| 2008-12-31 | CA$9.01 | CA$0.11 | x |
| 2009-12-31 | CA$6.86 | CA$0.11 | x |
| 2010-12-31 | CA$13.04 | CA$0.11 | x |
| 2011-12-31 | CA$2.74 | CA$0.11 | x |
| 2012-12-31 | CA$1.92 | CA$0.11 | x |
| 2013-12-31 | CA$1.14 | CA$0.11 | x |
| 2014-12-31 | CA$0.20 | CA$0.11 | x |
| 2015-12-31 | CA$0.14 | CA$0.11 | x |
| 2016-12-31 | CA$0.08 | CA$0.11 | x |
| 2017-12-31 | CA$0.54 | CA$0.11 | x |
| 2018-12-31 | CA$-0.01 | CA$0.11 | x |
| 2019-12-31 | CA$0.03 | CA$0.11 | x |
| 2020-12-31 | CA$0.59 | CA$0.11 | x |
| 2021-12-31 | CA$0.19 | CA$0.11 | x |
| 2022-12-31 | CA$0.13 | CA$0.11 | x |
| 2023-12-31 | CA$0.08 | CA$0.11 | x |
| 2024-12-31 | CA$0.03 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Volcanic Gold Mines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -231.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-231.28%) is below the historical average (-85.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -20.90% | 0.00% | 0.00x | 1.45x | CA$-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 |
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: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Volcanic Gold Mines Inc (VG) | CA$1.80 Million | -20.90% | 0.15x | $4.73 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 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. The company explores for gold and silver deposits. It 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