Greencastle Resources Ltd. (VGN) - Net Assets
Based on the latest financial reports, Greencastle Resources Ltd. (VGN) has net assets worth CA$1.71 Million CAD (≈ $1.24 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$1.78 Million ≈ $1.29 Million USD) and total liabilities (CA$73.75K ≈ $53.35K 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 total assets of Greencastle Resources Ltd. for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.71 Million |
| % of Total Assets | 95.86% |
| Annual Growth Rate | -10.12% |
| 5-Year Change | -85.02% |
| 10-Year Change | -58.21% |
| Growth Volatility | 36.92 |
Greencastle Resources Ltd. - Net Assets Trend (2013–2025)
This chart illustrates how Greencastle Resources Ltd.'s net assets have evolved over time, based on quarterly financial data. Check VGN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Greencastle Resources Ltd. (2013–2025)
The table below shows the annual net assets of Greencastle Resources Ltd. from 2013 to 2025. For live valuation and market cap data, see market cap of Greencastle Resources Ltd..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$1.71 Million ≈ $1.24 Million |
-36.15% |
| 2024-12-31 | CA$2.68 Million ≈ $1.94 Million |
-39.08% |
| 2023-12-31 | CA$4.39 Million ≈ $3.18 Million |
-43.38% |
| 2022-12-31 | CA$7.76 Million ≈ $5.61 Million |
-31.99% |
| 2021-12-31 | CA$11.41 Million ≈ $8.25 Million |
+51.29% |
| 2020-12-31 | CA$7.54 Million ≈ $5.46 Million |
+65.54% |
| 2019-12-31 | CA$4.56 Million ≈ $3.30 Million |
-11.34% |
| 2018-12-31 | CA$5.14 Million ≈ $3.72 Million |
-16.96% |
| 2017-12-31 | CA$6.19 Million ≈ $4.48 Million |
+51.31% |
| 2016-12-31 | CA$4.09 Million ≈ $2.96 Million |
+3.27% |
| 2015-12-31 | CA$3.96 Million ≈ $2.86 Million |
-24.36% |
| 2014-12-31 | CA$5.24 Million ≈ $3.79 Million |
-14.91% |
| 2013-12-31 | CA$6.15 Million ≈ $4.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Greencastle Resources Ltd.'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 389456100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$8.97 Million | 524.91% |
| Total Equity | CA$1.71 Million | 100.00% |
Greencastle Resources Ltd. Competitors by Market Cap
The table below lists competitors of Greencastle Resources Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INFINITII AI INC.
F:Y31
|
$880.94K |
|
EnSilica PLC
LSE:ENSI
|
$881.51K |
|
Nicolas Miguet et Associes SA
PA:MLNMA
|
$882.96K |
|
Kovo Healthtech Corp
V:KOVO
|
$884.45K |
|
GIGLIO GROUP S.P.A. O.N.
F:5JR
|
$872.65K |
|
BlockMint Technologies Inc
V:BKMT
|
$872.45K |
|
Regent Pacific Properties Inc
V:RPP
|
$868.91K |
|
Logistics Development Group PLC
LSE:LDG
|
$868.54K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greencastle Resources Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,677,025 to 1,709,152, a change of -967,873 (-36.2%).
- Net loss of 1,142,873 reduced equity.
- Other factors increased equity by 175,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.14 Million | -66.87% |
| Other Changes | CA$175.00K | +10.24% |
| Total Change | CA$- | -36.15% |
Book Value vs Market Value Analysis
This analysis compares Greencastle Resources Ltd.'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: 0.58x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.17x to 0.58x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.15 | CA$0.03 | x |
| 2018-12-31 | CA$0.13 | CA$0.03 | x |
| 2019-12-31 | CA$0.11 | CA$0.03 | x |
| 2020-12-31 | CA$0.19 | CA$0.03 | x |
| 2021-12-31 | CA$0.29 | CA$0.03 | x |
| 2022-12-31 | CA$0.21 | CA$0.03 | x |
| 2023-12-31 | CA$0.12 | CA$0.03 | x |
| 2024-12-31 | CA$0.07 | CA$0.03 | x |
| 2025-12-31 | CA$0.04 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greencastle Resources Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -66.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1950.56%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.04x
- Recent ROE (-66.87%) is below the historical average (-17.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 3.68% | 23.39% | 0.15x | 1.04x | CA$-382.93K |
| 2014 | -14.29% | 0.00% | -0.01x | 1.03x | CA$-1.26 Million |
| 2015 | -16.97% | 0.00% | -0.14x | 0.97x | CA$-1.13 Million |
| 2016 | -22.60% | -1207.13% | 0.02x | 1.17x | CA$-1.25 Million |
| 2017 | 41.40% | 18538.17% | 0.00x | 1.07x | CA$1.94 Million |
| 2018 | -21.50% | -8476.72% | 0.00x | 1.06x | CA$-1.62 Million |
| 2019 | -11.71% | -801.44% | 0.01x | 1.04x | CA$-989.35K |
| 2020 | 39.31% | 2336.66% | 0.02x | 1.04x | CA$2.21 Million |
| 2021 | 31.45% | 2367.35% | 0.01x | 1.01x | CA$2.45 Million |
| 2022 | -44.21% | -2232.58% | 0.02x | 1.01x | CA$-4.21 Million |
| 2023 | -76.60% | -3333.77% | 0.02x | 1.01x | CA$-3.81 Million |
| 2024 | -71.99% | -4369.79% | 0.02x | 1.02x | CA$-2.19 Million |
| 2025 | -66.87% | -1950.56% | 0.03x | 1.04x | CA$-1.31 Million |
Industry Comparison
This section compares Greencastle Resources Ltd.'s net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,103,768,283
- Average return on equity (ROE) among peers: -22.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greencastle Resources Ltd. (VGN) | CA$1.71 Million | 3.68% | 0.04x | $879.11K |
| Advantage Oil & Gas Ltd. (AAV) | $1.04 Billion | -27.31% | 0.47x | $1.33 Billion |
| Africa Energy Corp (AFE) | $189.46K | 0.00% | 0.21x | $58.93 Million |
| Alvopetro Energy (ALV) | $60.57 Million | -7.17% | 0.08x | $259.60 Million |
| Africa Oil Corp (AOI) | $-4.85K | 0.00% | 0.00x | $820.85 Million |
| Altima Resources Ltd (ARH) | $-8.47 Million | 0.00% | 0.00x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $7.43 Billion | 21.49% | 0.67x | $13.96 Billion |
| Athabasca Oil Corp (ATH) | $2.48 Billion | -28.07% | 0.39x | $3.63 Billion |
| Altai Resources Inc. (ATI) | $690.73K | -146.22% | 0.04x | $1.12 Million |
| Avanti Energy Inc (AVN) | $25.71 Million | -32.26% | 0.18x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $8.90 Million | -3.82% | 0.16x | $107.53 Million |
About Greencastle Resources Ltd.
Greencastle Resources Ltd. engages in the exploration and evaluation of gold, base metal, oil and gas properties, and royalties in Canada. It operates through Investments in Private and Public Companies; Oil and Gas Interests; and Mining Interests segments. The company holds 50% interest in the Ferrier oil and gas project located in Alberta. It also holds royalty interests in wells located in the… Read more