BLACKHORSE FPO [BHL]
Black Horse Mining Limited engages in acquiring, exploring, and developing mineral resource projects in Australia. The Mt Egerton Project comprises one retention license, one granted exploration license and one exploration licence application located in Central Victoria, Australia. The company was incorporated in 2024 and is based in Subiaco, Australia.
BLACKHORSE FPO [BHL] (BHL) - Total Assets
Latest total assets as of December 2020: AU$60.06 Million AUD
Based on the latest financial reports, BLACKHORSE FPO [BHL] (BHL) holds total assets worth AU$60.06 Million AUD as of December 2020.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
BLACKHORSE FPO [BHL] - Total Assets Trend (2016–2020)
This chart illustrates how BLACKHORSE FPO [BHL]’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
BLACKHORSE FPO [BHL] - Asset Composition Analysis
Current Asset Composition (December 2020)
BLACKHORSE FPO [BHL]'s total assets of AU$60.06 Million consist of 40.9% current assets and 59.2% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 0.4% |
| Accounts Receivable | AU$12.21 Million | 20.3% |
| Inventory | AU$2.83 Million | 4.7% |
| Property, Plant & Equipment | AU$0.00 | 0.0% |
| Intangible Assets | AU$520.00K | 0.9% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2016–2020)
This chart illustrates how BLACKHORSE FPO [BHL]'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: BLACKHORSE FPO [BHL]'s current assets represent 40.9% of total assets in 2020, a decrease from 43.2% in 2016.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2020, down from 6.8% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 20.3% of total assets.
BLACKHORSE FPO [BHL] Competitors by Total Assets
Key competitors of BLACKHORSE FPO [BHL] based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
BLACKHORSE FPO [BHL] - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - BLACKHORSE FPO [BHL] generates 0.24x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, BLACKHORSE FPO [BHL] generates $ 3.22 in net profit.
BLACKHORSE FPO [BHL] - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.59 | 0.93 | 0.97 |
| Quick Ratio | 2.29 | 0.42 | 0.54 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$15.07 Million | AU$ -793.00K | AU$ -914.00K |
BLACKHORSE FPO [BHL] - Advanced Valuation Insights
This section examines the relationship between BLACKHORSE FPO [BHL]'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -43.4% |
| Total Assets | AU$60.06 Million |
| Market Capitalization | $4.05 Million USD |
Valuation Analysis
Below Book Valuation: The market values BLACKHORSE FPO [BHL]'s assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: BLACKHORSE FPO [BHL]'s assets decreased by 43.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for BLACKHORSE FPO [BHL] (2016–2020)
The table below shows the annual total assets of BLACKHORSE FPO [BHL] from 2016 to 2020.
| Year | Total Assets | Change |
|---|---|---|
| 2020-12-31 | AU$60.06 Million | -43.39% |
| 2019-12-31 | AU$106.10 Million | -14.39% |
| 2018-12-31 | AU$123.94 Million | -2.16% |
| 2017-12-31 | AU$126.67 Million | -3.00% |
| 2016-12-31 | AU$130.60 Million | -- |