VR Resources Ltd (VRR) - Net Assets
Based on the latest financial reports, VR Resources Ltd (VRR) has net assets worth CA$3.45 Million CAD (≈ $2.49 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$3.64 Million ≈ $2.63 Million USD) and total liabilities (CA$193.34K ≈ $139.86K 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. Check VR Resources Ltd (VRR) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.45 Million |
| % of Total Assets | 94.69% |
| Annual Growth Rate | 19.7% |
| 5-Year Change | -68.04% |
| 10-Year Change | 1239.01% |
| Growth Volatility | 546.03 |
VR Resources Ltd - Net Assets Trend (2016–2025)
This chart illustrates how VR Resources Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can VR Resources Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for VR Resources Ltd (2016–2025)
The table below shows the annual net assets of VR Resources Ltd from 2016 to 2025. For live valuation and market cap data, see VRR company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$3.58 Million ≈ $2.59 Million |
-52.56% |
| 2024-03-31 | CA$7.55 Million ≈ $5.46 Million |
-31.88% |
| 2023-03-31 | CA$11.08 Million ≈ $8.02 Million |
+1.41% |
| 2022-03-31 | CA$10.93 Million ≈ $7.91 Million |
-2.49% |
| 2021-03-31 | CA$11.21 Million ≈ $8.11 Million |
+36.17% |
| 2020-03-31 | CA$8.23 Million ≈ $5.95 Million |
+26.42% |
| 2019-03-31 | CA$6.51 Million ≈ $4.71 Million |
+1.42% |
| 2018-03-31 | CA$6.42 Million ≈ $4.64 Million |
+25.59% |
| 2017-03-31 | CA$5.11 Million ≈ $3.70 Million |
+1810.59% |
| 2016-12-31 | CA$267.51K ≈ $193.51K |
-62.33% |
| 2016-03-31 | CA$710.19K ≈ $513.74K |
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Equity Component Analysis
This analysis shows how different components contribute to VR 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 2385771100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$29.86 Million | 833.65% |
| Total Equity | CA$3.58 Million | 100.00% |
VR Resources Ltd Competitors by Market Cap
The table below lists competitors of VR Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GRANITE CREEK COPPER
F:GRK
|
$3.26 Million |
|
Resource Base Ltd
AU:RBX
|
$3.26 Million |
|
Icon Energy Ltd
AU:ICN
|
$3.26 Million |
|
Montero Mining and Exploration Ltd
V:MON
|
$3.26 Million |
|
Cascadero Copper Corp
V:CCD
|
$3.26 Million |
|
RevoluGROUP Canada Inc
V:REVO
|
$3.26 Million |
|
Bridge Saas Ltd
AU:BGE
|
$3.25 Million |
|
Opthea Limited
NASDAQ:OPTEY
|
$3.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in VR Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,550,124 to 3,581,941, a change of -3,968,183 (-52.6%).
- Net loss of 5,011,613 reduced equity.
- New share issuances of 547,619 increased equity.
- Other comprehensive income decreased equity by 3,566,589.
- Other factors increased equity by 4,062,400.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-5.01 Million | -139.91% |
| Share Issuances | CA$547.62K | +15.29% |
| Other Comprehensive Income | CA$-3.57 Million | -99.57% |
| Other Changes | CA$4.06 Million | +113.41% |
| Total Change | CA$- | -52.56% |
Book Value vs Market Value Analysis
This analysis compares VR 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: 0.48x
- 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 decreased from 2.25x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | CA$0.06 | CA$0.13 | x |
| 2017-03-31 | CA$0.31 | CA$0.13 | x |
| 2018-03-31 | CA$0.18 | CA$0.13 | x |
| 2019-03-31 | CA$0.14 | CA$0.13 | x |
| 2020-03-31 | CA$0.15 | CA$0.13 | x |
| 2021-03-31 | CA$0.16 | CA$0.13 | x |
| 2022-03-31 | CA$0.13 | CA$0.13 | x |
| 2023-03-31 | CA$0.12 | CA$0.13 | x |
| 2024-03-31 | CA$0.07 | CA$0.13 | x |
| 2025-03-31 | CA$0.27 | CA$0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently VR Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -139.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-139.91%) is below the historical average (-60.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -265.77% | 0.00% | 0.00x | 1.03x | CA$-1.96 Million |
| 2016 | -16.63% | 0.00% | 0.00x | 1.29x | CA$-71.24K |
| 2017 | -41.39% | 0.00% | 0.00x | 1.09x | CA$-2.63 Million |
| 2018 | -15.05% | 0.00% | 0.00x | 1.01x | CA$-1.61 Million |
| 2019 | -19.40% | 0.00% | 0.00x | 1.01x | CA$-1.91 Million |
| 2020 | -19.39% | 0.00% | 0.00x | 1.01x | CA$-2.42 Million |
| 2021 | -7.20% | 0.00% | 0.00x | 1.02x | CA$-1.93 Million |
| 2022 | -23.91% | 0.00% | 0.00x | 1.03x | CA$-3.71 Million |
| 2023 | -21.66% | 0.00% | 0.00x | 1.01x | CA$-3.51 Million |
| 2024 | -93.84% | 0.00% | 0.00x | 1.01x | CA$-7.84 Million |
| 2025 | -139.91% | 0.00% | 0.00x | 1.02x | CA$-5.37 Million |
Industry Comparison
This section compares VR Resources Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| VR Resources Ltd (VRR) | CA$3.45 Million | -265.77% | 0.06x | $3.26 Million |
| Aftermath Silver Ltd (AAG) | $-1.02 Million | 0.00% | 0.00x | $195.23 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $42.41 Million |
| Arbor Metals Corp (ABR) | $153.43K | -30.35% | 0.39x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $-251.39K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $66.13 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $7.22 Million | -119.49% | 0.12x | $159.74 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.33 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $425.46 Million |
About VR Resources Ltd
VR Resources Ltd., a junior exploration company, engages in the acquisition, evaluation, and exploration of mineral exploration properties in the United States and Canada. It primarily explores for rare earth metals, copper, and gold deposits, as well as diamonds. The company is headquartered in Vancouver.