Far Northern Resources Ltd
Far Northern Resources Limited engages in the exploration of gold, copper, and base metal properties in Australia. It holds 100% interest in Bridge Creek project located in Northern Territory; the Empire project located in North Queensland; and Rocks Reef Project located in North Queensland. The company was incorporated in 2017 and is based in Fortitude Valley, Australia.
Far Northern Resources Ltd (FNR) - Total Assets
Latest total assets as of June 2025: AU$8.86 Million AUD
Based on the latest financial reports, Far Northern Resources Ltd (FNR) holds total assets worth AU$8.86 Million AUD as of June 2025.
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.
Far Northern Resources Ltd - Total Assets Trend (2021–2025)
This chart illustrates how Far Northern Resources Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Far Northern Resources Ltd - Asset Composition Analysis
Current Asset Composition (June 2025)
Far Northern Resources Ltd's total assets of AU$8.86 Million consist of 29.7% current assets and 70.3% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 28.4% |
| Accounts Receivable | AU$104.23K | 1.2% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$3.48 Million | 39.2% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$2.76 Million | 31.1% |
Asset Composition Trend (2021–2025)
This chart illustrates how Far Northern Resources Ltd'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: Far Northern Resources Ltd's current assets represent 29.7% of total assets in 2025, an increase from 5.7% in 2021.
- Cash Position: Cash and equivalents constituted 28.4% of total assets in 2025, up from 5.6% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 31.0% of total assets, a decrease from 33.0% in 2021.
- Asset Diversification: The largest asset category is property, plant & equipment at 39.2% of total assets.
Far Northern Resources Ltd Competitors by Total Assets
Key competitors of Far Northern Resources Ltd 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 |
Far Northern Resources Ltd - 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 - Far Northern Resources Ltd generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Far Northern Resources Ltd is currently not profitable relative to its asset base.
Far Northern Resources Ltd - 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 | 33.69 | 32.42 | 4.74 |
| Quick Ratio | 33.69 | 32.42 | 4.74 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$2.55 Million | AU$ 3.50 Million | AU$ 109.61K |
Far Northern Resources Ltd - Advanced Valuation Insights
This section examines the relationship between Far Northern Resources Ltd'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 | 1.39 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | -6.0% |
| Total Assets | AU$8.86 Million |
| Market Capitalization | $1.23 Million USD |
Valuation Analysis
Below Book Valuation: The market values Far Northern Resources Ltd's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Far Northern Resources Ltd's assets decreased by 6.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Far Northern Resources Ltd (2021–2025)
The table below shows the annual total assets of Far Northern Resources Ltd from 2021 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-06-30 | AU$8.86 Million | -6.01% |
| 2024-06-30 | AU$9.42 Million | +397.05% |
| 2023-06-30 | AU$1.90 Million | +24.67% |
| 2022-06-30 | AU$1.52 Million | -8.48% |
| 2021-06-30 | AU$1.66 Million | -- |