Midas Minerals Ltd (MM1) - Total Assets
Based on the latest financial reports, Midas Minerals Ltd (MM1) holds total assets worth AU$9.13 Million AUD (≈ $6.46 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. See Midas Minerals Ltd net assets for net asset value and shareholders' equity analysis.
Midas Minerals Ltd - Total Assets Trend (2018–2024)
This chart illustrates how Midas Minerals Ltd's total assets have evolved over time, based on quarterly financial data.
Midas Minerals Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Midas Minerals Ltd's total assets of AU$9.13 Million consist of 22.2% current assets and 77.8% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 20.7% |
| Accounts Receivable | AU$21.53K | 0.4% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$4.22 Million | 77.8% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how Midas Minerals 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 Midas Minerals Ltd stock valuation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Midas Minerals Ltd's current assets represent 22.2% of total assets in 2024, an increase from 21.6% in 2018.
- Cash Position: Cash and equivalents constituted 20.7% of total assets in 2024, up from 5.8% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is property, plant & equipment at 77.8% of total assets.
Midas Minerals Ltd Competitors by Total Assets
Key competitors of Midas Minerals Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Triple Flag Precious Metals Corp
TO:TFPM
|
Canada | CA$2.11 Billion |
|
Artemis Gold Inc
V:ARTG
|
Canada | CA$2.47 Billion |
|
GoGold Resources Inc.
TO:GGD
|
Canada | CA$516.03 Million |
|
Forrestania Resources Ltd
AU:FRS
|
Australia | AU$7.48 Million |
|
Strickland Metals Ltd
AU:STK
|
Australia | AU$143.29 Million |
|
Lucara Diamond Corp
TO:LUC
|
Canada | CA$771.30 Million |
|
Xanadu Mines Ltd
AU:XAM
|
Australia | AU$71.32 Million |
|
Terra Metals Ltd
AU:TM1
|
Australia | AU$4.24 Million |
Midas Minerals 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 | 14.24 | 3.16 | 7.56 |
| Quick Ratio | 14.24 | 3.32 | 7.56 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | AU$3.81 Million | AU$807.67K | AU$2.98 Million |
Midas Minerals Ltd - Advanced Valuation Insights
This section examines the relationship between Midas Minerals 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 | 19.57 |
| Latest Market Cap to Assets Ratio | 24.55 |
| Asset Growth Rate (YoY) | -15.0% |
| Total Assets | AU$5.43 Million |
| Market Capitalization | $133.22 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Midas Minerals Ltd's assets at a significant premium (24.55x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Midas Minerals Ltd's assets decreased by 15.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Midas Minerals Ltd (2018–2024)
The table below shows the annual total assets of Midas Minerals Ltd from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | AU$5.43 Million ≈ $3.84 Million |
-14.99% |
| 2023-12-31 | AU$6.38 Million ≈ $4.52 Million |
-16.65% |
| 2022-12-31 | AU$7.66 Million ≈ $5.42 Million |
-6.81% |
| 2021-12-31 | AU$8.22 Million ≈ $5.82 Million |
-5.47% |
| 2020-12-31 | AU$8.70 Million ≈ $6.15 Million |
+284.09% |
| 2019-12-31 | AU$2.26 Million ≈ $1.60 Million |
-35.80% |
| 2018-12-31 | AU$3.53 Million ≈ $2.50 Million |
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About Midas Minerals Ltd
Midas Minerals Limited engages in exploration and evaluation of mineral resources in Western Australia and Canada. It explores for gold, lithium, copper, nickel, platinoids, and base metals as well as platinum group elements. The company was incorporated in 2018 is based in West Perth, Australia.