Visible Gold Mines Inc Net Assets
Visible Gold Mines Inc net assets. Based on the latest financial reports, Visible Gold Mines Inc (VGD) has net assets worth CA$2.62 Million CAD (≈ $1.90 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.73 Million ≈ $1.97 Million USD) and total liabilities (CA$101.69K ≈ $73.56K 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 Visible Gold Mines Inc net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.62 Million |
| % of Total Assets | 96.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | -109.86% |
| 10-Year Change | -106.08% |
| Growth Volatility | 57.03 |
Net Assets of Visible Gold Mines Inc (2007–2025)
Net assets of Visible Gold Mines Inc from 2007 to 2025. This chart illustrates how Visible Gold Mines Inc's net assets have evolved over time, based on quarterly financial data. See VGD net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Visible Gold Mines Inc (2007–2025)
The table below shows the annual net assets of Visible Gold Mines Inc from 2007 to 2025. For live market cap and overall valuation, see Visible Gold Mines Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | CA$-535.64K ≈ $-387.47K |
-177.65% |
| 2024-07-31 | CA$-192.92K ≈ $-139.56K |
-135.62% |
| 2023-07-31 | CA$541.53K ≈ $391.74K |
-60.10% |
| 2022-07-31 | CA$1.36 Million ≈ $981.79K |
-75.03% |
| 2021-07-31 | CA$5.43 Million ≈ $3.93 Million |
+13.19% |
| 2020-07-31 | CA$4.80 Million ≈ $3.47 Million |
+2.16% |
| 2019-07-31 | CA$4.70 Million ≈ $3.40 Million |
-40.13% |
| 2018-07-31 | CA$7.85 Million ≈ $5.68 Million |
-3.54% |
| 2017-07-31 | CA$8.14 Million ≈ $5.89 Million |
-7.58% |
| 2016-07-31 | CA$8.81 Million ≈ $6.37 Million |
+14.52% |
| 2015-07-31 | CA$7.69 Million ≈ $5.56 Million |
-22.11% |
| 2014-07-31 | CA$9.87 Million ≈ $7.14 Million |
-7.64% |
| 2013-07-31 | CA$10.69 Million ≈ $7.73 Million |
-19.15% |
| 2012-07-31 | CA$13.22 Million ≈ $9.56 Million |
+9.55% |
| 2011-07-31 | CA$12.07 Million ≈ $8.73 Million |
+162.73% |
| 2010-07-31 | CA$4.59 Million ≈ $3.32 Million |
-9.65% |
| 2009-07-31 | CA$5.08 Million ≈ $3.68 Million |
-0.33% |
| 2008-07-31 | CA$5.10 Million ≈ $3.69 Million |
-7.62% |
| 2007-07-31 | CA$5.52 Million ≈ $3.99 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Visible 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 2942613300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Visible Gold Mines Inc Net Assets Breakdown (July 2025)
Visible Gold Mines Inc net assets breakdown by equity component as of July 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$29.82 Million | % |
| Total Equity | CA$-535.64K | 100.00% |
Visible Gold Mines Inc Competitors by Market Cap
The table below lists competitors of Visible Gold Mines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pacte Novation
PA:MLPAC
|
$4.30 Million |
|
LDC Dental Public Company Limited
BK:LDC
|
$4.30 Million |
|
Boutique Newcity Public Company Limited
BK:BTNC
|
$4.30 Million |
|
Sequa Petroleum NV
PA:MLSEQ
|
$4.30 Million |
|
Searchlight Resources Inc
V:SCLT
|
$4.29 Million |
|
Henderson High Income Trust
LSE:HHI
|
$4.29 Million |
|
Project Planning Service Public Company Limited
BK:PPS
|
$4.29 Million |
|
Flash Sports & Media Holdings, Inc.
NASDAQ:FLZH
|
$4.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Visible Gold Mines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -192,920 to -535,639, a change of -342,719.
- Net loss of 453,733 reduced equity.
- New share issuances of 150,000 increased equity.
- Other factors decreased equity by 38,986.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-453.73K | -84.71% |
| Share Issuances | CA$150.00K | +28.0% |
| Other Changes | CA$-38.99K | -7.28% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Visible 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-07-31 | CA$9.73 | CA$0.16 | x |
| 2008-07-31 | CA$2.01 | CA$0.16 | x |
| 2009-07-31 | CA$2.00 | CA$0.16 | x |
| 2010-07-31 | CA$1.79 | CA$0.16 | x |
| 2011-07-31 | CA$2.91 | CA$0.16 | x |
| 2012-07-31 | CA$2.44 | CA$0.16 | x |
| 2013-07-31 | CA$1.87 | CA$0.16 | x |
| 2014-07-31 | CA$1.72 | CA$0.16 | x |
| 2015-07-31 | CA$0.96 | CA$0.16 | x |
| 2016-07-31 | CA$0.81 | CA$0.16 | x |
| 2017-07-31 | CA$0.65 | CA$0.16 | x |
| 2018-07-31 | CA$0.56 | CA$0.16 | x |
| 2019-07-31 | CA$0.27 | CA$0.16 | x |
| 2020-07-31 | CA$0.21 | CA$0.16 | x |
| 2021-07-31 | CA$0.17 | CA$0.16 | x |
| 2022-07-31 | CA$0.04 | CA$0.16 | x |
| 2023-07-31 | CA$0.02 | CA$0.16 | x |
| 2024-07-31 | CA$-0.01 | CA$0.16 | x |
| 2025-07-31 | CA$-0.01 | CA$0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Visible Gold Mines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-38.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -2.79% | 0.00% | 0.00x | 1.04x | CA$-706.21K |
| 2008 | -10.87% | 0.00% | 0.00x | 1.15x | CA$-1.06 Million |
| 2009 | -4.90% | 0.00% | 0.00x | 1.02x | CA$-757.64K |
| 2010 | -11.32% | 0.00% | 0.00x | 1.02x | CA$-979.18K |
| 2011 | -15.10% | 0.00% | 0.00x | 1.11x | CA$-3.03 Million |
| 2012 | -6.35% | 0.00% | 0.00x | 1.07x | CA$-2.16 Million |
| 2013 | -22.70% | 0.00% | 0.00x | 1.03x | CA$-3.50 Million |
| 2014 | -8.41% | 0.00% | 0.00x | 1.02x | CA$-1.82 Million |
| 2015 | -65.79% | 0.00% | 0.00x | 1.04x | CA$-5.83 Million |
| 2016 | -8.23% | 0.00% | 0.00x | 1.02x | CA$-1.61 Million |
| 2017 | -6.23% | 0.00% | 0.00x | 1.01x | CA$-1.32 Million |
| 2018 | -6.88% | 0.00% | 0.00x | 1.05x | CA$-1.33 Million |
| 2019 | -76.11% | 0.00% | 0.00x | 1.09x | CA$-4.05 Million |
| 2020 | -6.56% | 0.00% | 0.00x | 1.08x | CA$-795.26K |
| 2021 | -14.39% | 0.00% | 0.00x | 1.01x | CA$-1.33 Million |
| 2022 | -301.26% | 0.00% | 0.00x | 1.09x | CA$-4.22 Million |
| 2023 | -165.46% | 0.00% | 0.00x | 1.47x | CA$-950.18K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-682.74K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-400.17K |
Industry Comparison
This section compares Visible Gold Mines Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $4,097,668,849
- Average return on equity (ROE) among peers: -19.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Visible Gold Mines Inc (VGD) | CA$2.62 Million | -2.79% | 0.04x | $4.30 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $2.46 Billion |
| Abcourt Mines Inc. (ABI) | $31.66 Million | 1.13% | 0.45x | $47.48 Million |
| Barrick Gold Corp (ABX) | $20.73 Billion | 15.79% | 0.61x | $63.22 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $133.41 Million |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 9.99% | 0.48x | $87.33 Billion |
| Alamos Gold Inc (AGI) | $320.20 Million | 17.48% | 0.13x | $11.79 Billion |
| AIS Resources Ltd (AIS) | $676.10K | 6.54% | 0.11x | $2.02 Million |
| Alliance Mining Corp (ALM) | $-1.26 Million | 0.00% | 0.00x | $2.09 Million |
| Altamira Gold Corp (ALTA) | $1.03 Million | -73.57% | 0.64x | $39.70 Million |
| Almaden Minerals Ltd (AMM) | $48.07 Million | -21.30% | 0.02x | $24.82 Million |
About Visible Gold Mines Inc
Visible Gold Mines Inc. engages in the acquisition and exploration of mineral properties in Canada. Its flagship property includes Horsefly property that comprises 392 mining claims located in the Eeyou Istchee James Bay region of Québec. The company primarily explores for gold and lithium deposits. Visible Gold Mines Inc. was incorporated in 2007 and is headquartered in Rouyn-Noranda, Canada.