GAS2GRID Ltd
Gas2Grid Limited, together with subsidiaries, operates as a petroleum exploration company. It holds a 100% interest in the St Griede license located in onshore Aquitaine Basin, France. The company was incorporated in 2004 and is based in Sydney, Australia.
GAS2GRID Ltd (GGX) - Total Assets
Latest total assets as of December 2024: AU$153.78K AUD
Based on the latest financial reports, GAS2GRID Ltd (GGX) holds total assets worth AU$153.78K AUD as of December 2024.
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.
GAS2GRID Ltd - Total Assets Trend (2005–2024)
This chart illustrates how GAS2GRID Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
GAS2GRID Ltd - Asset Composition Analysis
Current Asset Composition (June 2024)
GAS2GRID Ltd's total assets of AU$153.78K consist of 97.3% current assets and 2.8% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 39.7% |
| Accounts Receivable | AU$11.52K | 24.4% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$1.30K | 2.8% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2005–2024)
This chart illustrates how GAS2GRID 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: GAS2GRID Ltd's current assets represent 97.3% of total assets in 2024, an increase from 53.8% in 2005.
- Cash Position: Cash and equivalents constituted 39.7% of total assets in 2024, down from 53.4% in 2005.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2005.
- Asset Diversification: The largest asset category is accounts receivable at 24.4% of total assets.
GAS2GRID Ltd Competitors by Total Assets
Key competitors of GAS2GRID Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
GAS2GRID Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - GAS2GRID Ltd generates 0.05x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - GAS2GRID Ltd is currently not profitable relative to its asset base.
GAS2GRID Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.09 | 0.05 | 0.62 |
| Quick Ratio | 0.09 | 0.05 | 0.62 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$-1.65 Million | AU$ -1.18 Million | AU$ -134.10 |
GAS2GRID Ltd - Advanced Valuation Insights
This section examines the relationship between GAS2GRID 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 | 0.75 |
| Latest Market Cap to Assets Ratio | 15.85 |
| Asset Growth Rate (YoY) | -93.6% |
| Total Assets | AU$47.32K |
| Market Capitalization | $750.13K USD |
Valuation Analysis
Premium Asset Valuation: The market values GAS2GRID Ltd's assets at a significant premium ( 15.85x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: GAS2GRID Ltd's assets decreased by 93.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for GAS2GRID Ltd (2005–2024)
The table below shows the annual total assets of GAS2GRID Ltd from 2005 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | AU$47.32K | -93.57% |
| 2023-06-30 | AU$735.75K | -53.70% |
| 2022-06-30 | AU$1.59 Million | -31.99% |
| 2021-06-30 | AU$2.34 Million | +505.37% |
| 2020-06-30 | AU$385.96K | -43.40% |
| 2019-06-30 | AU$681.92K | +179.81% |
| 2018-06-30 | AU$243.70K | +269.56% |
| 2017-06-30 | AU$65.94K | -72.32% |
| 2016-06-30 | AU$238.25K | -98.20% |
| 2015-06-30 | AU$13.24 Million | -23.63% |
| 2014-06-30 | AU$17.34 Million | -5.35% |
| 2013-06-30 | AU$18.32 Million | +7.05% |
| 2012-06-30 | AU$17.11 Million | +90.68% |
| 2011-06-30 | AU$8.97 Million | +4.79% |
| 2010-06-30 | AU$8.56 Million | +23.39% |
| 2009-06-30 | AU$6.94 Million | -13.96% |
| 2008-06-30 | AU$8.07 Million | +11.06% |
| 2007-06-30 | AU$7.26 Million | +9.44% |
| 2006-06-30 | AU$6.64 Million | -30.35% |
| 2005-06-30 | AU$9.53 Million | -- |