Verity Resources Ltd
Verity Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of mineral resources in Australia and Botswana. The company primarily explores for nickel, copper, cobalt, gold, silver, platinum group, and rare earth elements. Its flagship project, the Monument gold project, comprises approximately 195 square kilometers of prospective tenure locat… Read more
Verity Resources Ltd (VRL) - Total Assets
Latest total assets as of June 2025: AU$2.21 Million AUD
Based on the latest financial reports, Verity Resources Ltd (VRL) holds total assets worth AU$2.21 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.
Verity Resources Ltd - Total Assets Trend (1989–2025)
This chart illustrates how Verity Resources Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Verity Resources Ltd - Asset Composition Analysis
Current Asset Composition (June 2025)
Verity Resources Ltd's total assets of AU$2.21 Million consist of 42.4% current assets and 57.6% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 40.4% |
| Accounts Receivable | AU$45.01K | 2.0% |
| Inventory | AU$0.00 | 0.0% |
| Property, Plant & Equipment | AU$1.27 Million | 57.6% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$0.00 | 0.0% |
Asset Composition Trend (1989–2025)
This chart illustrates how Verity 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Verity Resources Ltd's current assets represent 42.4% of total assets in 2025, an increase from 25.0% in 1989.
- Cash Position: Cash and equivalents constituted 40.4% of total assets in 2025, up from 1.2% in 1989.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 7.0% in 1989.
- Asset Diversification: The largest asset category is property, plant & equipment at 57.6% of total assets.
Verity Resources Ltd Competitors by Total Assets
Key competitors of Verity Resources Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Galileo Resources Plc
LSE:GLR
|
UK | GBX14.28 Million |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
China | CN¥20.78 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
China | CN¥23.09 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
China | CN¥10.04 Billion |
Verity Resources 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 - Verity Resources Ltd generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Verity Resources Ltd is currently not profitable relative to its asset base.
Verity 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 | 2.24 | 1.18 | 8.23 |
| Quick Ratio | 2.24 | 1.18 | -164.74 |
| Cash Ratio | 2.13 | 0.94 | 0.00 |
| Working Capital | AU$518.16K | AU$ 52.85K | AU$ 729.71K |
Verity Resources Ltd - Advanced Valuation Insights
This section examines the relationship between Verity 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 | 6.17 |
| Latest Market Cap to Assets Ratio | 1.50 |
| Asset Growth Rate (YoY) | 26.1% |
| Total Assets | AU$2.21 Million |
| Market Capitalization | $3.32 Million USD |
Valuation Analysis
Above Book Valuation: The market values Verity Resources Ltd's assets above their book value (1.50 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Verity Resources Ltd's assets grew by 26.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Verity Resources Ltd (1989–2025)
The table below shows the annual total assets of Verity Resources Ltd from 1989 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-06-30 | AU$2.21 Million | +26.12% |
| 2024-06-30 | AU$1.75 Million | +101.12% |
| 2023-06-30 | AU$870.82K | -92.54% |
| 2022-06-30 | AU$11.67 Million | +140.81% |
| 2021-06-30 | AU$4.84 Million | +483.26% |
| 2020-06-30 | AU$830.67K | -34.17% |
| 2019-06-30 | AU$1.26 Million | -40.76% |
| 2018-06-30 | AU$2.13 Million | -69.73% |
| 2017-06-30 | AU$7.04 Million | -11.01% |
| 2016-06-30 | AU$7.91 Million | -1.91% |
| 2015-06-30 | AU$8.06 Million | +0.66% |
| 2014-06-30 | AU$8.01 Million | +7.38% |
| 2013-06-30 | AU$7.46 Million | -20.18% |
| 2012-06-30 | AU$9.34 Million | -5.13% |
| 2011-06-30 | AU$9.85 Million | +1.08% |
| 2010-06-30 | AU$9.74 Million | -8.10% |
| 2009-06-30 | AU$10.60 Million | -99.51% |
| 2008-06-30 | AU$2.18 Billion | -22.01% |
| 2007-06-30 | AU$2.79 Billion | +24.85% |
| 2006-06-30 | AU$2.24 Billion | -1.55% |
| 2005-06-30 | AU$2.27 Billion | -7.78% |
| 2004-06-30 | AU$2.46 Billion | -15.20% |
| 2003-06-30 | AU$2.90 Billion | +32.55% |
| 2002-06-30 | AU$2.19 Billion | +3.55% |
| 2001-06-30 | AU$2.12 Billion | +7.50% |
| 2000-06-30 | AU$1.97 Billion | +0.72% |
| 1999-06-30 | AU$1.95 Billion | +9.02% |
| 1998-06-30 | AU$1.79 Billion | +20.92% |
| 1997-06-30 | AU$1.48 Billion | +31.61% |
| 1996-06-30 | AU$1.13 Billion | +45.19% |
| 1995-06-30 | AU$775.85 Million | +75.51% |
| 1994-06-30 | AU$442.05 Million | +34.39% |
| 1993-06-30 | AU$328.93 Million | +108.38% |
| 1992-06-30 | AU$157.85 Million | +18.95% |
| 1991-06-30 | AU$132.71 Million | +42.42% |
| 1990-06-30 | AU$93.18 Million | +32.68% |
| 1989-06-30 | AU$70.23 Million | -- |