WESTMINSTER RES
Solis Minerals Ltd. acquires, explores for, and develops mineral properties. The company primarily explores for copper, gold, silver, lithium, battery metals, and iron oxide. The company was formerly known as Westminster Resources Ltd. and changed its name to Solis Minerals Ltd. in July 2021. Solis Minerals Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.
WESTMINSTER RES (08W) - Total Assets
Latest total assets as of February 2025: €9.20 Million EUR
Based on the latest financial reports, WESTMINSTER RES (08W) holds total assets worth €9.20 Million EUR as of February 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.
WESTMINSTER RES - Total Assets Trend (2021–2023)
This chart illustrates how WESTMINSTER RES’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
WESTMINSTER RES - Asset Composition Analysis
Current Asset Composition (May 2023)
WESTMINSTER RES's total assets of €9.20 Million consist of 3.9% current assets and 96.1% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 2.2% |
| Accounts Receivable | €41.70K | 0.8% |
| Inventory | €0.00 | 0.0% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €0.00 | 0.0% |
| Goodwill | €0.00 | 0.0% |
Asset Composition Trend (2021–2023)
This chart illustrates how WESTMINSTER RES'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: WESTMINSTER RES's current assets represent 3.9% of total assets in 2023, a decrease from 42.9% in 2021.
- Cash Position: Cash and equivalents constituted 2.2% of total assets in 2023, down from 41.4% 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 accounts receivable at 0.8% of total assets.
WESTMINSTER RES Competitors by Total Assets
Key competitors of WESTMINSTER RES based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
WESTMINSTER RES - 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 - WESTMINSTER RES 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 - WESTMINSTER RES is currently not profitable relative to its asset base.
WESTMINSTER RES - 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 | 1.87 | 8.50 | 7.41 |
| Quick Ratio | 1.87 | 8.50 | 7.41 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €436.41K | € 4.72 Million | € 6.43 Million |
WESTMINSTER RES - Advanced Valuation Insights
This section examines the relationship between WESTMINSTER RES'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 | 1.21 |
| Latest Market Cap to Assets Ratio | 0.99 |
| Asset Growth Rate (YoY) | -26.5% |
| Total Assets | €5.22 Million |
| Market Capitalization | $5.16 Million USD |
Valuation Analysis
Near Book Valuation: The market values WESTMINSTER RES's assets close to their book value ( 0.99x), suggesting investors view the company's assets at approximately fair value.
Significant Asset Reduction: WESTMINSTER RES's assets decreased by 26.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for WESTMINSTER RES (2021–2023)
The table below shows the annual total assets of WESTMINSTER RES from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-05-31 | €5.22 Million | -26.54% |
| 2022-05-31 | €7.10 Million | +15.29% |
| 2021-05-31 | €6.16 Million | -- |