Miramar Resources Ltd (M2R) - Total Assets
Based on the latest financial reports, Miramar Resources Ltd (M2R) holds total assets worth AU$11.25 Million AUD (≈ $7.96 Million USD) 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.
Miramar Resources Ltd - Total Assets Trend (2019–2024)
This chart illustrates how Miramar Resources Ltd's total assets have evolved over time, based on quarterly financial data. Also see market value of Miramar Resources Ltd for the company's overall valuation and market capitalisation.
Miramar Resources Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Miramar Resources Ltd's total assets of AU$11.25 Million consist of 11.1% current assets and 89.0% non-current assets. Review M2R current and long-term liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$1.10 Million | 9.8% |
| Accounts Receivable | AU$115.44K | 1.0% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$9.95 Million | 88.5% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Miramar 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. See Miramar Resources Ltd share price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Miramar Resources Ltd's current assets represent 11.1% of total assets in 2024, a decrease from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 9.8% of total assets in 2024, down from 99.1% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is property, plant & equipment at 88.5% of total assets.
Miramar Resources Ltd Competitors by Total Assets
Key competitors of Miramar Resources Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alphamin Resources Corp
F:21L
|
Germany | €686.03 Million |
|
Fortescue Ltd
AU:FMG
|
Australia | AU$31.37 Billion |
|
Pilbara Minerals Ltd
AU:PLS
|
Australia | AU$4.70 Billion |
|
Baiyin Nonferrous Group Co Ltd
SHG:601212
|
China | CN¥63.81 Billion |
|
Shenghe Resources Holding Co Ltd
SHG:600392
|
China | CN¥22.38 Billion |
|
IGO Ltd
AU:IGO
|
Australia | AU$2.30 Billion |
|
Chongyi Zhangyuan Tungsten Co Ltd
SHE:002378
|
China | CN¥9.17 Billion |
|
Skeena Resources Ltd
TO:SKE
|
Canada | CA$1.13 Billion |
Miramar 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 | 1.49 | 1.19 | 10.56 |
| Quick Ratio | 1.49 | 1.34 | 10.66 |
| Cash Ratio | 1.32 | 0.99 | 0.00 |
| Working Capital | AU$407.32K | AU$76.45K | AU$299.42K |
Miramar Resources Ltd - Advanced Valuation Insights
This section examines the relationship between Miramar 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 | 0.44 |
| Latest Market Cap to Assets Ratio | 0.19 |
| Asset Growth Rate (YoY) | 20.1% |
| Total Assets | AU$11.25 Million |
| Market Capitalization | $2.14 Million USD |
Valuation Analysis
Below Book Valuation: The market values Miramar Resources Ltd's assets below their book value (0.19x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Miramar Resources Ltd's assets grew by 20.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Miramar Resources Ltd (2019–2024)
The table below shows the annual total assets of Miramar Resources Ltd from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | AU$11.25 Million ≈ $7.96 Million |
+20.15% |
| 2023-12-31 | AU$9.36 Million ≈ $6.62 Million |
+2.88% |
| 2022-12-31 | AU$9.10 Million ≈ $6.44 Million |
-4.35% |
| 2021-12-31 | AU$9.51 Million ≈ $6.73 Million |
+11.64% |
| 2020-12-31 | AU$8.52 Million ≈ $6.03 Million |
+2475.88% |
| 2019-12-31 | AU$330.74K ≈ $234.02K |
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About Miramar Resources Ltd
Miramar Resources Limited engages in the exploration and evaluation of mining tenements in Australia. It primarily explores for gold, nickel, copper, cobalt, and platinum group element deposits. The company's flagship project is the Gidji JV Project located within the Eastern Goldfields region near Kalgoorlie in Western Australia. Miramar Resources Limited was incorporated in 2019 and is based in… Read more