Visible Gold Mines Inc (VGD) - Net Assets
Based on the latest financial reports, Visible Gold Mines Inc (VGD) has net assets worth CA$1.93 Million CAD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$2.04 Million) and total liabilities (CA$110.88K). 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$1.93 Million |
| % of Total Assets | 94.55% |
| Annual Growth Rate | N/A |
| 5-Year Change | -109.86% |
| 10-Year Change | -106.08% |
| Growth Volatility | 57.03 |
Visible Gold Mines Inc - Net Assets Trend (2007–2025)
This chart illustrates how Visible Gold Mines Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Visible Gold Mines Inc (2007–2025)
The table below shows the annual net assets of Visible Gold Mines Inc from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | CA$-535.64K | -177.65% |
| 2024-07-31 | CA$-192.92K | -135.62% |
| 2023-07-31 | CA$541.53K | -60.10% |
| 2022-07-31 | CA$1.36 Million | -75.03% |
| 2021-07-31 | CA$5.43 Million | +13.19% |
| 2020-07-31 | CA$4.80 Million | +2.16% |
| 2019-07-31 | CA$4.70 Million | -40.13% |
| 2018-07-31 | CA$7.85 Million | -3.54% |
| 2017-07-31 | CA$8.14 Million | -7.58% |
| 2016-07-31 | CA$8.81 Million | +14.52% |
| 2015-07-31 | CA$7.69 Million | -22.11% |
| 2014-07-31 | CA$9.87 Million | -7.64% |
| 2013-07-31 | CA$10.69 Million | -19.15% |
| 2012-07-31 | CA$13.22 Million | +9.55% |
| 2011-07-31 | CA$12.07 Million | +162.73% |
| 2010-07-31 | CA$4.59 Million | -9.65% |
| 2009-07-31 | CA$5.08 Million | -0.33% |
| 2008-07-31 | CA$5.10 Million | -7.62% |
| 2007-07-31 | CA$5.52 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.
Current Equity Component Breakdown (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 |
|---|---|
|
Mclaren Minerals Ltd
AU:MML
|
$4.84 Million |
|
Horizon Petroleum Ltd
V:HPL
|
$4.84 Million |
|
City Office
NYSE:CIO
|
$4.84 Million |
|
ROVSING AS IN. DK 50
F:RVY
|
$4.85 Million |
|
Emico Holdings Bhd
KLSE:9091
|
$4.83 Million |
|
Whitebark Energy Ltd
AU:WBE
|
$4.83 Million |
|
Pittler Maschinenfabrik AG
F:PIT
|
$4.83 Million |
|
Cipta Selera Murni Pt
JK:CSMI
|
$4.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Visible Gold Mines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -192,920 to -535,639, a change of -342,719.
- Net loss of 453,733 reduced equity.
- New share issuances of 150,000 increased equity.
- Other factors decreased equity by 38,986.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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$0.18 | x |
| 2008-07-31 | CA$2.01 | CA$0.18 | x |
| 2009-07-31 | CA$2.00 | CA$0.18 | x |
| 2010-07-31 | CA$1.79 | CA$0.18 | x |
| 2011-07-31 | CA$2.91 | CA$0.18 | x |
| 2012-07-31 | CA$2.44 | CA$0.18 | x |
| 2013-07-31 | CA$1.87 | CA$0.18 | x |
| 2014-07-31 | CA$1.72 | CA$0.18 | x |
| 2015-07-31 | CA$0.96 | CA$0.18 | x |
| 2016-07-31 | CA$0.81 | CA$0.18 | x |
| 2017-07-31 | CA$0.65 | CA$0.18 | x |
| 2018-07-31 | CA$0.56 | CA$0.18 | x |
| 2019-07-31 | CA$0.27 | CA$0.18 | x |
| 2020-07-31 | CA$0.21 | CA$0.18 | x |
| 2021-07-31 | CA$0.17 | CA$0.18 | x |
| 2022-07-31 | CA$0.04 | CA$0.18 | x |
| 2023-07-31 | CA$0.02 | CA$0.18 | x |
| 2024-07-31 | CA$-0.01 | CA$0.18 | x |
| 2025-07-31 | CA$-0.01 | CA$0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Visible Gold Mines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-38.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -2.79% | 0.00% | 0.00x | 1.04x | CA$-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: $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 |
|---|---|---|---|---|
| Visible Gold Mines Inc (VGD) | CA$1.93 Million | -2.79% | 0.06x | $4.84 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 Visible Gold Mines Inc
Visible Gold Mines Inc. engages in the acquisition and exploration of mineral properties in Canada. The company primarily explores for gold and lithium deposits. Visible Gold Mines Inc. was incorporated in 2007 and is headquartered in Rouyn-Noranda, Canada.