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Financial statements

Canagold Resources Ltd. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Canagold Resources Ltd. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2015FY2017FY2017FY2019FY2021FY2021FY2023FY2023FY2024
Research and development0.040.140.060.030.0600.110.150.13
Selling, general and administrative0.190.190.240.180.230.30.840.40.46
General and administrative0.060.050.070.120.150.140.16
Operating income-0.97-1.4-1.64
Interest expense0.070.040.01
Pre-tax income-0.931.97-1.97-1.05-1.72-2.04-2.03-3.08-1.38
Income from continuing operations-0.931.97-1.96-2.25-1.63-1.46
Net income-0.936.79-1.96-1.04-1.71-1.83-2.71-3.05-1.12
EPS, diluted-0.03-0.02-0.01

Balance sheet

FY2015FY2017FY2017FY2019FY2021FY2021FY2023FY2023FY2024
Cash and equivalents0.358.084.31.926.122.013.832.810.68
Receivables0.140.10.30.451.130.920.25
Total current assets9.185.197.743.765.815.271.14
Property, plant and equipment0.030.010.120.080.040.370.30.2
Total assets19.719.823.627.632.633.232.7
Accounts payable0.10.160.320.931.30.650.93
Total current liabilities0.10.250.391.181.430.710.99
Lease liabilities0.0200.20.150.09
Total liabilities0.10.380.531.293.122.492.77
Retained earnings-50.9-44.1-46.1-49.3-51.1-52.8-55.5-56.6
Total equity10.819.619.417.923.126.329.530.730
Total liabilities and equity19.719.823.627.632.633.232.7

Cash flow statement

FY2015FY2017FY2017FY2019FY2021FY2021FY2023FY2023FY2024
Net income-0.936.79-1.96-1.04-1.71-1.83-2.71-3.05-1.12
Cash from operations-0.58-2.13-1.09-0.81-1.41-0.89-1.33-1.73-0.36
Cash from investing-0.268.24-3.39-0.62-0.5-7.55-4.28-2.79-4.56
Debt issued01.9400
Debt repaid0-1.9400
Cash from financing0.521.610.160.976.244.48.213.242.95
Exchange rate effect0.550.05-0.14-0.07-0.780.27-0.17
Net change in cash-0.327.73-3.78-0.414.19-4.111.82-1.01-2.14
Interest paid0.020.030.020.0400

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.51 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-3.4%Net income / average total assets.

Growth

MetricValueHow it is calculated
Total assets growth, 1y-1.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y5.9%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.15xCurrent assets / current liabilities.
Quick ratio0.93x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.68x(Cash + short-term investments) / current liabilities.
Liabilities / assets8.4%Total liabilities / total assets.
Working capital$151.0KCurrent assets - current liabilities.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.01Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.

Valuation

MetricValueHow it is calculated
Market cap$98.9MShare price x shares outstanding.
Enterprise value$98.2MMarket cap + total debt - cash - short-term investments.
Earnings yield-1.1%Net income / market cap (the inverse of P/E).
Was Canagold Resources Ltd. profitable in fiscal 2024?

No. It reported a net loss of $1.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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