West Red Lake Gold Mines Ltd.
West Red Lake Gold Mines Ltd. acquires, explores, evaluates, and develops gold properties in Canada. It holds interests in the Rowan property with 146 claims covering 3,100 hectares located in the Red Lake gold district of Northwestern Ontario, Canada. The company was formerly known as DLV Resources Ltd. and changed its name to West Red Lake Gold Mines Ltd. in December 2022. West Red Lake Gold Mi… Read more
West Red Lake Gold Mines Ltd. (WRLGF) - Total Assets
Latest total assets as of August 2025: $242.93 Million USD
Based on the latest financial reports, West Red Lake Gold Mines Ltd. (WRLGF) holds total assets worth $242.93 Million USD as of August 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.
West Red Lake Gold Mines Ltd. - Total Assets Trend (2019–2023)
This chart illustrates how West Red Lake Gold Mines Ltd.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
West Red Lake Gold Mines Ltd. - Asset Composition Analysis
Current Asset Composition (November 2023)
West Red Lake Gold Mines Ltd.'s total assets of $242.93 Million consist of 19.6% current assets and 80.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 16.6% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $350.03K | 0.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2023)
This chart illustrates how West Red Lake Gold Mines 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: West Red Lake Gold Mines Ltd.'s current assets represent 19.6% of total assets in 2023, a decrease from 26.7% in 2019.
- Cash Position: Cash and equivalents constituted 16.6% of total assets in 2023, down from 99.9% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is inventory at 0.4% of total assets.
West Red Lake Gold Mines Ltd. Competitors by Total Assets
Key competitors of West Red Lake Gold Mines Ltd. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
West Red Lake Gold Mines 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 - West Red Lake Gold Mines Ltd. 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 - West Red Lake Gold Mines Ltd. is currently not profitable relative to its asset base.
West Red Lake Gold Mines 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 | 1.61 | 1.99 | 51.14 |
| Quick Ratio | 1.40 | 1.93 | 51.14 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $21.67 Million | $ 14.78 Million | $ 1.98 Million |
West Red Lake Gold Mines Ltd. - Advanced Valuation Insights
This section examines the relationship between West Red Lake Gold Mines 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 | 5.82 |
| Latest Market Cap to Assets Ratio | 1.41 |
| Asset Growth Rate (YoY) | 5171.0% |
| Total Assets | $98.01 Million |
| Market Capitalization | $137.79 Million USD |
Valuation Analysis
Above Book Valuation: The market values West Red Lake Gold Mines Ltd.'s assets above their book value (1.41 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: West Red Lake Gold Mines Ltd.'s assets grew by 5171.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for West Red Lake Gold Mines Ltd. (2019–2023)
The table below shows the annual total assets of West Red Lake Gold Mines Ltd. from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-11-30 | $98.01 Million | +5171.04% |
| 2022-11-30 | $1.86 Million | -7.94% |
| 2021-11-30 | $2.02 Million | -8.24% |
| 2020-11-30 | $2.20 Million | -9.26% |
| 2019-11-30 | $2.43 Million | -- |