Ascendant Resources Inc
Ascendant Resources Inc. explores and develops mineral properties in Portugal. The company explores for silver, gold, zinc, copper, lead, and tin. It holds 80% interest in the Lagoa Salgada volcanogenic massive sulphide project covering an an area of 7,209 hectares located on the Iberian Pyrite Belt in Portugal. The company was formerly known as Morumbi Resources Inc. and changed its name to Asce… Read more
Ascendant Resources Inc (ASDRF) - Total Assets
Latest total assets as of December 2024: $16.74 Million USD
Based on the latest financial reports, Ascendant Resources Inc (ASDRF) holds total assets worth $16.74 Million USD as of December 2024.
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.
Ascendant Resources Inc - Total Assets Trend (2014–2024)
This chart illustrates how Ascendant Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ascendant Resources Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Ascendant Resources Inc's total assets of $16.74 Million consist of 4.2% current assets and 95.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.3% |
| Accounts Receivable | $0.00 | 0.0% |
| 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 (2014–2024)
This chart illustrates how Ascendant 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Ascendant Resources Inc's current assets represent 4.2% of total assets in 2024, a decrease from 55.1% in 2014.
- Cash Position: Cash and equivalents constituted 2.3% of total assets in 2024, down from 46.0% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Ascendant Resources Inc Competitors by Total Assets
Key competitors of Ascendant Resources Inc 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 |
Ascendant Resources Inc - 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 - Ascendant Resources Inc 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 - Ascendant Resources Inc is currently not profitable relative to its asset base.
Ascendant 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 | 0.08 | 0.39 | 1.01 |
| Quick Ratio | 0.08 | 0.39 | 1.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-7.81 Million | $ -4.67 Million | $ 372.00K |
Ascendant Resources Inc - Advanced Valuation Insights
This section examines the relationship between Ascendant 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 | 6.01 |
| Latest Market Cap to Assets Ratio | 0.36 |
| Asset Growth Rate (YoY) | -9.7% |
| Total Assets | $16.74 Million |
| Market Capitalization | $6.02 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ascendant Resources Inc's assets below their book value (0.36 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Ascendant Resources Inc's assets decreased by 9.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ascendant Resources Inc (2014–2024)
The table below shows the annual total assets of Ascendant Resources Inc from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $16.74 Million | -9.69% |
| 2023-12-31 | $18.54 Million | +34.53% |
| 2022-12-31 | $13.78 Million | +74.22% |
| 2021-12-31 | $7.91 Million | +22.64% |
| 2020-12-31 | $6.45 Million | -91.45% |
| 2019-12-31 | $75.42 Million | +14.16% |
| 2018-12-31 | $66.07 Million | +27.17% |
| 2017-12-31 | $51.96 Million | +32.61% |
| 2016-12-31 | $39.18 Million | +12483.43% |
| 2016-07-31 | $311.36K | +25.98% |
| 2015-12-31 | $247.14K | -55.74% |
| 2014-12-31 | $558.33K | -- |