Trio Petroleum Corp. (TPET) - Total Assets
Based on the latest financial reports, Trio Petroleum Corp. (TPET) holds total assets worth $13.22 Million USD as of October 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. Explore TPET debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Trio Petroleum Corp. - Total Assets Trend (2021–2025)
This chart illustrates how Trio Petroleum Corp.'s total assets have evolved over time, based on quarterly financial data. See Trio Petroleum Corp. (TPET) shareholders funds for net asset value and shareholders' equity analysis.
Trio Petroleum Corp. - Asset Composition Analysis
Current Asset Composition (October 2025)
Trio Petroleum Corp.'s total assets of $13.22 Million consist of 8.1% current assets and 91.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.7% |
| Accounts Receivable | $59.97K | 0.5% |
| 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 (2021–2025)
This chart illustrates how Trio Petroleum Corp.'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 Trio Petroleum Corp. market cap and net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Trio Petroleum Corp.'s current assets represent 8.1% of total assets in 2025, an increase from 3.7% in 2021.
- Cash Position: Cash and equivalents constituted 6.7% of total assets in 2025, up from 1.0% 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 0.5% of total assets.
Trio Petroleum Corp. Competitors by Total Assets
Key competitors of Trio Petroleum Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
MV Oil Trust
NYSE:MVO
|
USA | $1.83 Million |
|
WOODSIDE ENE. SP.ADR 1
F:WOP
|
Germany | €66.50 Billion |
|
Peyto Exploration&Development Corp
TO:PEY
|
Canada | CA$5.43 Billion |
|
Comstock Resources Inc
NYSE:CRK
|
USA | $7.24 Billion |
|
Baytex Energy Corp
TO:BTE
|
Canada | CA$3.25 Billion |
|
BKV Corporation
NYSE:BKV
|
USA | $3.13 Billion |
|
Energi Mega Persada Tbk
JK:ENRG
|
Indonesia | Rp1.62 Billion |
|
Parex Resources Inc
TO:PXT
|
Canada | CA$2.50 Billion |
Trio Petroleum Corp. - 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 | 0.58 | 0.22 | 0.27 |
| Quick Ratio | 0.58 | 0.22 | 0.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-785.90K | $-2.03 Million | $-3.33 Million |
Trio Petroleum Corp. - Advanced Valuation Insights
This section examines the relationship between Trio Petroleum Corp.'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 | 1.70 |
| Latest Market Cap to Assets Ratio | 0.34 |
| Asset Growth Rate (YoY) | 13.1% |
| Total Assets | $13.21 Million |
| Market Capitalization | $4.50 Million USD |
Valuation Analysis
Below Book Valuation: The market values Trio Petroleum Corp.'s assets below their book value (0.34x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Trio Petroleum Corp.'s assets grew by 13.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Trio Petroleum Corp. (2021–2025)
The table below shows the annual total assets of Trio Petroleum Corp. from 2021 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-10-31 | $13.21 Million | +13.09% |
| 2024-10-31 | $11.68 Million | +0.35% |
| 2023-10-31 | $11.64 Million | +22.70% |
| 2022-10-31 | $9.49 Million | +22.06% |
| 2021-10-31 | $7.77 Million | -- |
About Trio Petroleum Corp.
Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship property is the South Salinas project that owns 82.75% working interest comprising approximately 9,300-acre located in Monterey, California. Trio Petroleum Corp. was incorporated in 2021 and is headquartered in Malibu, California.