Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Golden Dragon MiningASX:GDR +2.70%10 Net-Net Working Capital is A$0.09 as of Dec. 2025. GuruFocus rates ASX:GDR with a GF Score™ of 10/100. Among 1,139 Metals & Mining companies, Golden Dragon Mining ranks better than 89.03% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Golden Dragon Mining's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.09.
The industry rank for Golden Dragon Mining's Net-Net Working Capital or its related term are showing as below:
ASX:GDR's Price-to-Net-Net-Working-Capital is ranked better than 89.03% of 1139
companies
in the Metals & Mining industry
Industry Median: 7.33
vs ASX:GDR: 2.11
Golden Dragon Mining (ASX:GDR) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Golden Dragon Mining Net-Net Working Capital Related Terms
Golden Dragon Mining Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Golden Dragon Mining's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Golden Dragon Mining Net-Net Working Capital Chart
Golden Dragon Mining Annual Data
Trend
Jun23
Jun24
Net-Net Working Capital
0.00
0.00
Golden Dragon Mining Semi-Annual Data
Jun23
Jun24
Dec24
Dec25
Net-Net Working Capital
0.00
0.00
0.10
0.09
Golden Dragon Mining Net-Net Working Capital Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Golden Dragon Mining's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Golden Dragon Mining Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Golden Dragon Mining's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Golden Dragon Mining's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of A$0.09 mean?
Golden Dragon Mining (ASX:GDR) has a Net-Net Working Capital of A$0.09 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Golden Dragon Mining According to the industry distribution chart, Golden Dragon Mining ranks #125 out of 1139 companies in the Metals & Mining industry, placing it in the top 11%.
Is Golden Dragon Mining's Net-Net Working Capital too high?
Golden Dragon Mining's current Net-Net Working Capital is A$0.09. Based on the distribution chart, Golden Dragon Mining ranks #125 out of 1139 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Golden Dragon Mining has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Golden Dragon Mining's Net-Net Working Capital compare to competitors?
According to the Metals & Mining industry distribution chart, Golden Dragon Mining ranks #125 out of 1139 companies for Net-Net Working Capital. This places Golden Dragon Mining in the top 11% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.33, based on 1,139 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Golden Dragon Mining For the Metals & Mining industry, the median Net-Net Working Capital is 7.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Dragon Mining's current Net-Net Working Capital is A$0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Dragon Mining stock overvalued right now?
Golden Dragon Mining (ASX:GDR) has a current Net-Net Working Capital of A$0.09. The current Net-Net Working Capital is A$0.09. Golden Dragon Mining's overall GF Score™ is 10/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Golden Dragon Mining (ASX:GDR), the current Net-Net Working Capital is A$0.09 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Golden Dragon Mining Ltd is a mining company engaged in exploration for minerals within Australia. The primary development is the acquisition of the Cue Project, which is considered the Company's flagship asset and the cornerstone of its future exploration plan.
10GF Score
Get the complete analysis for ASX:GDR
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:GDR has been successfully added to your 
