Latitude 66 Ltd
Latitude 66 Limited engages in exploration and development of gold and base metals mineral resources in Finland and Australia. The company also explores for cobalt deposits. Its flagship project is the Kuusamo Schist Belt Project located in Finland. Latitude 66 Limited is based in West Perth, Australia.
Latitude 66 Ltd (LAT) - Total Assets
Latest total assets as of June 2025: AU$17.90 Million AUD
Based on the latest financial reports, Latitude 66 Ltd (LAT) holds total assets worth AU$17.90 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.
Latitude 66 Ltd - Total Assets Trend (2021–2025)
This chart illustrates how Latitude 66 Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Latitude 66 Ltd - Asset Composition Analysis
Current Asset Composition (June 2025)
Latitude 66 Ltd's total assets of AU$17.90 Million consist of 3.8% current assets and 96.2% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$438.03K | 2.5% |
| Accounts Receivable | AU$102.83K | 0.6% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$17.22 Million | 96.2% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2021–2025)
This chart illustrates how Latitude 66 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: Latitude 66 Ltd's current assets represent 3.8% of total assets in 2025, a decrease from 51.8% in 2021.
- Cash Position: Cash and equivalents constituted 2.5% of total assets in 2025, down from 45.7% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is property, plant & equipment at 96.2% of total assets.
Latitude 66 Ltd Competitors by Total Assets
Key competitors of Latitude 66 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 | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Latitude 66 Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Latitude 66 Ltd generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Latitude 66 Ltd is currently not profitable relative to its asset base.
Latitude 66 Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.97 | 3.45 | 4.62 |
| Quick Ratio | 0.97 | 3.45 | 4.62 |
| Cash Ratio | 0.62 | 0.00 | 2.77 |
| Working Capital | AU$-23.93K | AU$ 4.46 Million | AU$ 1.32 Million |
Latitude 66 Ltd - Advanced Valuation Insights
This section examines the relationship between Latitude 66 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 | 1.60 |
| Latest Market Cap to Assets Ratio | 0.48 |
| Asset Growth Rate (YoY) | -40.4% |
| Total Assets | AU$17.90 Million |
| Market Capitalization | $8.67 Million USD |
Valuation Analysis
Below Book Valuation: The market values Latitude 66 Ltd's assets below their book value (0.48 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Latitude 66 Ltd's assets decreased by 40.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Latitude 66 Ltd (2021–2025)
The table below shows the annual total assets of Latitude 66 Ltd from 2021 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-06-30 | AU$17.90 Million | -40.35% |
| 2024-06-30 | AU$30.00 Million | +191.98% |
| 2023-06-30 | AU$10.28 Million | +26.33% |
| 2022-06-30 | AU$8.13 Million | -6.16% |
| 2021-06-30 | AU$8.67 Million | -- |