GAS2GRID Ltd (GGX) - Total Assets
Based on the latest financial reports, GAS2GRID Ltd (GGX) holds total assets worth AU$153.78K AUD (≈ $108.81K USD) 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. Check GAS2GRID Ltd total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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. Check how high is GAS2GRID Ltd's earnings quality to evaluate the quality of earnings relative to operating cash generation.
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. For live market cap, price, and company overview, see GGX market cap.
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 |
|---|---|---|
|
Serica Energy PLC
LSE:SQZ
|
UK | GBX2.17 Billion |
|
Vista Oil Gas ADR
NYSE:VIST
|
USA | $6.74 Billion |
|
Baytex Energy Corp
TO:BTE
|
Canada | CA$3.25 Billion |
|
Headwater Exploration Inc
TO:HWX
|
Canada | CA$1.03 Billion |
|
Freehold Royalties Ltd.
TO:FRU
|
Canada | CA$1.37 Billion |
|
Dno ASA
OL:DNO
|
Norway | Nkr6.21 Billion |
|
Kosmos Energy Ltd
NYSE:KOS
|
USA | $4.78 Billion |
|
Kelt Exploration Ltd.
TO:KEL
|
Canada | CA$1.59 Billion |
GAS2GRID Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.09 | 0.05 | 0.62 |
| Quick Ratio | 0.09 | 0.05 | 0.62 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$-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 | 60.97 |
| Asset Growth Rate (YoY) | -93.6% |
| Total Assets | AU$47.32K |
| Market Capitalization | $2.88 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values GAS2GRID Ltd's assets at a significant premium (60.97x), 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 ≈ $33.48K |
-93.57% |
| 2023-06-30 | AU$735.75K ≈ $520.59K |
-53.70% |
| 2022-06-30 | AU$1.59 Million ≈ $1.12 Million |
-31.99% |
| 2021-06-30 | AU$2.34 Million ≈ $1.65 Million |
+505.37% |
| 2020-06-30 | AU$385.96K ≈ $273.09K |
-43.40% |
| 2019-06-30 | AU$681.92K ≈ $482.50K |
+179.81% |
| 2018-06-30 | AU$243.70K ≈ $172.44K |
+269.56% |
| 2017-06-30 | AU$65.94K ≈ $46.66K |
-72.32% |
| 2016-06-30 | AU$238.25K ≈ $168.58K |
-98.20% |
| 2015-06-30 | AU$13.24 Million ≈ $9.37 Million |
-23.63% |
| 2014-06-30 | AU$17.34 Million ≈ $12.27 Million |
-5.35% |
| 2013-06-30 | AU$18.32 Million ≈ $12.96 Million |
+7.05% |
| 2012-06-30 | AU$17.11 Million ≈ $12.11 Million |
+90.68% |
| 2011-06-30 | AU$8.97 Million ≈ $6.35 Million |
+4.79% |
| 2010-06-30 | AU$8.56 Million ≈ $6.06 Million |
+23.39% |
| 2009-06-30 | AU$6.94 Million ≈ $4.91 Million |
-13.96% |
| 2008-06-30 | AU$8.07 Million ≈ $5.71 Million |
+11.06% |
| 2007-06-30 | AU$7.26 Million ≈ $5.14 Million |
+9.44% |
| 2006-06-30 | AU$6.64 Million ≈ $4.70 Million |
-30.35% |
| 2005-06-30 | AU$9.53 Million ≈ $6.74 Million |
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About 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.