Xtra Gold Res Financials

XTGRF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Xtra Gold Res (XTGRF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 22 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

5/9

Xtra Gold Res passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.36x

For every $1 of reported earnings, Xtra Gold Res generates $1.36 in operating cash flow ($2.3M OCF vs $1.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

N/A

EBITDA

-$1.5M

YoY-21.6%

Xtra Gold Res's EBITDA was -$1.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.6% from the prior year.

Free Cash Flow

$2.2M

YoY+26.0%

5Y CAGR+7.6%

Xtra Gold Res generated $2.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 26.0% from the prior year.

Net Income

$1.7M

YoY+1109.7%

5Y CAGR-5.7%

Xtra Gold Res reported $1.7M in net income in fiscal year 2024. This represents an increase of 1109.7% from the prior year.

EPS (Diluted)

$0.03

5Y CAGR-9.7%

Xtra Gold Res earned $0.03 per diluted share (EPS) in fiscal year 2024.

Cash & Debt

$8.2M

YoY+14.3%

5Y CAGR+15.5%

10Y CAGR+25.4%

Xtra Gold Res held $8.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

46M

YoY-0.4%

5Y CAGR+0.1%

10Y CAGR+0.0%

Xtra Gold Res had 46M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

14.1%

5Y CAGR-18.5pp

Xtra Gold Res's ROE was 14.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

N/A

Share Buybacks

$173K

YoY+0.9%

5Y CAGR+5.3%

10Y CAGR+2.4%

Xtra Gold Res spent $173K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 0.9% from the prior year.

Capital Expenditures

$41K

YoY+8.3%

5Y CAGR-2.8%

Xtra Gold Res invested $41K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 8.3% from the prior year.

XTGRF Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$653K+47.6%	$443K-17.3%	$535K+41.8%	$377K-34.7%	$578K+67.7%	$345K
Operating Income	-$1.7M-17.0%	-$1.4M+16.5%	-$1.7M+21.1%	-$2.2M-45.9%	-$1.5M-54.2%	-$961K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$800K-7.2%	$862K+7.7%	$800K-26.5%	$1.1M+268.9%	$295K	$0
Net Income	$1.7M+1109.7%	-$166K-126.3%	$632K-24.4%	$836K-55.1%	$1.9M-17.2%	$2.2M
EPS (Diluted)	$0.03	$0.00-100.0%	$0.01-50.0%	$0.02-50.0%	$0.04-20.0%	$0.05

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XTGRF Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$14.2M+19.9%	$11.9M-0.2%	$11.9M+10.4%	$10.8M+15.2%	$9.3M+35.9%	$6.9M
Current Assets	$12.7M+23.9%	$10.3M+1.1%	$10.2M+11.5%	$9.1M+17.9%	$7.7M+42.3%	$5.4M
Cash & Equivalents	$8.2M+14.3%	$7.2M+23.8%	$5.8M+23.6%	$4.7M+5.0%	$4.5M+11.8%	$4.0M
Inventory	$1.2M+42.0%	$818K+2.7%	$796K-18.4%	$975K+15.8%	$842K+114.2%	$393K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0M+31.1%	$1.5M+8.0%	$1.4M+25.3%	$1.1M+163.0%	$427K-3.8%	$444K
Current Liabilities	$2.0M+31.1%	$1.5M+8.0%	$1.4M+25.3%	$1.1M+163.0%	$427K-3.8%	$444K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$11.9M+16.1%	$10.2M-3.0%	$10.5M+7.2%	$9.8M+6.5%	$9.2M+34.0%	$6.9M
Retained Earnings	-$19.8M+7.8%	-$21.5M-0.8%	-$21.3M+2.9%	-$22.0M+3.7%	-$22.8M+7.5%	-$24.7M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$14.2M+19.9%	$11.9M-0.2%	$11.9M+10.4%	$10.8M+15.2%	$9.3M+35.9%	$6.9M+43.5%	$4.8M+43.9%	$3.3M
Current Assets	$12.7M+23.9%	$10.3M+1.1%	$10.2M+11.5%	$9.1M+17.9%	$7.7M+42.3%	$5.4M+66.9%	$3.3M+78.5%	$1.8M
Cash & Equivalents	$8.2M+14.3%	$7.2M+23.8%	$5.8M+23.6%	$4.7M+5.0%	$4.5M+11.8%	$4.0M+55.3%	$2.6M+87.9%	$1.4M
Inventory	$1.2M+42.0%	$818K+2.7%	$796K-18.4%	$975K+15.8%	$842K+114.2%	$393K+160.4%	$151K-2.9%	$155K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0M+31.1%	$1.5M+8.0%	$1.4M+25.3%	$1.1M+163.0%	$427K-3.8%	$444K-28.9%	$624K+40.8%	$443K
Current Liabilities	$2.0M+31.1%	$1.5M+8.0%	$1.4M+25.3%	$1.1M+163.0%	$427K-3.8%	$444K-28.9%	$624K+40.8%	$443K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$11.9M+16.1%	$10.2M-3.0%	$10.5M+7.2%	$9.8M+6.5%	$9.2M+34.0%	$6.9M+44.6%	$4.8M+28.2%	$3.7M
Retained Earnings	-$19.8M+7.8%	-$21.5M-0.8%	-$21.3M+2.9%	-$22.0M+3.7%	-$22.8M+7.5%	-$24.7M+8.4%	-$26.9M+4.6%	-$28.2M

XTGRF Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$2.3M+25.6%	$1.8M+22.3%	$1.5M+28.5%	$1.2M+128.5%	$505K-68.4%	$1.6M
Capital Expenditures	$41K+8.3%	$38K-85.5%	$260K+27.6%	$203K-36.4%	$320K+577.5%	$47K
Free Cash Flow	$2.2M+26.0%	$1.8M+45.1%	$1.2M+28.7%	$951K+412.0%	$186K-88.0%	$1.6M
Investing Cash Flow	-$1.1M-302.5%	-$269K-25.3%	-$215K+68.7%	-$687K-115.0%	-$320K-577.5%	-$47K
Financing Cash Flow	-$173K-0.9%	-$171K-5.0%	-$163K+33.0%	-$243K-185.7%	$284K+312.8%	-$134K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$173K+0.9%	$171K+5.0%	$163K-51.8%	$338K+177.7%	$122K-8.8%	$134K

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XTGRF Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	14.1%	N/A	6.0%-2.5pp	8.5%-11.7pp	20.2%-12.5pp	32.6%
Return on Assets	11.8%+13.2pp	-1.4%-6.7pp	5.3%-2.5pp	7.8%-12.1pp	19.9%-12.8pp	32.7%
Current Ratio	6.40-0.4	6.77-0.5	7.24-0.9	8.13-10.0	18.13+5.9	12.26
Debt-to-Equity	0.17+0.0	0.15+0.0	0.13+0.0	0.11+0.1	0.05-0.0	0.06
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	6.40-0.4	6.77-0.5	7.24-0.9	8.13-10.0	18.13+5.9	12.26+7.0	5.22+1.1	4.12
Debt-to-Equity	0.17+0.0	0.15+0.0	0.13+0.0	0.11+0.1	0.05-0.0	0.06-0.1	0.13+0.0	0.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Xtra Gold Res profitable?

Yes, Xtra Gold Res (XTGRF) reported a net income of $1.7M in fiscal year 2024.

What is Xtra Gold Res's earnings per share (EPS)?

Xtra Gold Res (XTGRF) reported diluted earnings per share of $0.03 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Xtra Gold Res's EBITDA?

Xtra Gold Res (XTGRF) had EBITDA of -$1.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Xtra Gold Res's return on equity (ROE)?

Xtra Gold Res (XTGRF) has a return on equity of 14.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Xtra Gold Res's free cash flow?

Xtra Gold Res (XTGRF) generated $2.2M in free cash flow during fiscal year 2024. This represents a 26.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Xtra Gold Res's operating cash flow?

Xtra Gold Res (XTGRF) generated $2.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Xtra Gold Res's total assets?

Xtra Gold Res (XTGRF) had $14.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Xtra Gold Res's capital expenditures?

Xtra Gold Res (XTGRF) invested $41K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Xtra Gold Res buy back shares?

Yes, Xtra Gold Res (XTGRF) spent $173K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Xtra Gold Res have outstanding?

Xtra Gold Res (XTGRF) had 46M shares outstanding as of fiscal year 2024.

What is Xtra Gold Res's current ratio?

Xtra Gold Res (XTGRF) had a current ratio of 6.40 as of fiscal year 2024, which is generally considered healthy.

What is Xtra Gold Res's debt-to-equity ratio?

Xtra Gold Res (XTGRF) had a debt-to-equity ratio of 0.17 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Xtra Gold Res's return on assets (ROA)?

Xtra Gold Res (XTGRF) had a return on assets of 11.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Xtra Gold Res's Piotroski F-Score?

Xtra Gold Res (XTGRF) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Xtra Gold Res's earnings high quality?

Xtra Gold Res (XTGRF) has an earnings quality ratio of 1.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.