Granite Ridge Resources Inc (GRNT) - Total Assets
Based on the latest financial reports, Granite Ridge Resources Inc (GRNT) holds total assets worth $1.13 Billion USD as of September 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. Check GRNT capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Granite Ridge Resources Inc - Total Assets Trend (2020–2024)
This chart illustrates how Granite Ridge Resources Inc's total assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Granite Ridge Resources Inc to see how much of total assets are deployed in long-term investments.
Granite Ridge Resources Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Granite Ridge Resources Inc's total assets of $1.13 Billion consist of 13.1% current assets and 87.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.9% |
| Accounts Receivable | $69.69 Million | 6.7% |
| 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 (2020–2024)
This chart illustrates how Granite Ridge Resources Inc'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 Granite Ridge Resources Inc market cap and net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Granite Ridge Resources Inc's current assets represent 13.1% of total assets in 2024, an increase from 10.6% in 2020.
- Cash Position: Cash and equivalents constituted 0.9% of total assets in 2024, down from 1.4% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 6.7% of total assets.
Granite Ridge Resources Inc Competitors by Total Assets
Key competitors of Granite Ridge Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Woodside Energy Group Ltd
NYSE:WDS
|
USA | $66.50 Billion |
|
Aker BP ASA
OL:AKRBP
|
Norway | Nkr42.88 Billion |
|
Santos Ltd
AU:STO
|
Australia | AU$32.05 Billion |
|
ARC Resources Ltd.
TO:ARX
|
Canada | CA$14.18 Billion |
|
Tamarack Valley Energy Ltd
TO:TVE
|
Canada | CA$3.47 Billion |
|
Vista Energy S.A.B. de C.V.
BA:VIST
|
Argentina | AR$7.72 Billion |
|
Spartan Delta Corp
TO:SDE
|
Canada | CA$1.35 Billion |
|
Beach Energy Ltd
AU:BPT
|
Australia | AU$5.42 Billion |
Granite Ridge Resources Inc - 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 | 1.41 | 1.56 | 2.65 |
| Quick Ratio | 1.41 | 1.24 | 2.65 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $31.84 Million | $47.63 Million | $651.80K |
Granite Ridge Resources Inc - Advanced Valuation Insights
This section examines the relationship between Granite Ridge Resources Inc'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 | 1.03 |
| Latest Market Cap to Assets Ratio | 0.59 |
| Asset Growth Rate (YoY) | 11.8% |
| Total Assets | $1.04 Billion |
| Market Capitalization | $615.57 Million USD |
Valuation Analysis
Below Book Valuation: The market values Granite Ridge Resources Inc's assets below their book value (0.59x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Granite Ridge Resources Inc's assets grew by 11.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Granite Ridge Resources Inc (2020–2024)
The table below shows the annual total assets of Granite Ridge Resources Inc from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.04 Billion | +11.80% |
| 2023-12-31 | $927.10 Million | +16.65% |
| 2022-12-31 | $794.78 Million | +45.23% |
| 2021-12-31 | $547.25 Million | +183.75% |
| 2020-12-31 | $192.86 Million | -- |
About Granite Ridge Resources Inc
Granite Ridge Resources, Inc. operates as a non-operated oil and natural gas exploration and production company. It owns a portfolio of wells and acreage across the Permian, Eagle Ford, Bakken, Haynesville, DJ, and other unconventional basins in the United States. The company is based in Dallas, Texas.