E2Gold Inc
E2Gold Inc., a junior exploration company, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. The company explores for gold, precious metals, and other minerals and metals. Its flagship project is the Hawkins Gold Property that consist of 3,310 claims covering an area of approximately 701 square kilometers located in the north central Ontario, Ca… Read more
E2Gold Inc (ETUGF) - Total Assets
Latest total assets as of April 2024: $277.42K USD
Based on the latest financial reports, E2Gold Inc (ETUGF) holds total assets worth $277.42K USD as of April 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.
E2Gold Inc - Total Assets Trend (2020–2023)
This chart illustrates how E2Gold Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
E2Gold Inc - Asset Composition Analysis
Current Asset Composition (July 2023)
E2Gold Inc's total assets of $277.42K consist of 92.3% current assets and 7.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 15.1% |
| 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 (2020–2023)
This chart illustrates how E2Gold 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: E2Gold Inc's current assets represent 92.3% of total assets in 2023, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 15.1% of total assets in 2023, down from 69.2% 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 goodwill at 0.0% of total assets.
E2Gold Inc Competitors by Total Assets
Key competitors of E2Gold Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Outback Goldfields Corp
OTCQB:OZBKF
|
USA | $13.40 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
McLaren Resources Inc
F:3ML
|
Germany | €29.32K |
|
PC Gold Ltd
AU:PC2
|
Australia | AU$18.12 Million |
|
4LE
F:4LE
|
Germany | €2.04 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
E2Gold 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 - E2Gold 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 - E2Gold Inc is currently not profitable relative to its asset base.
E2Gold 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 | 0.21 | 0.58 | 4.11 |
| Quick Ratio | 0.21 | 0.58 | 4.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.03 Million | $ -411.53K | $ 2.00 Million |
E2Gold Inc - Advanced Valuation Insights
This section examines the relationship between E2Gold 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 | 18.47 |
| Latest Market Cap to Assets Ratio | 2.03 |
| Asset Growth Rate (YoY) | -85.2% |
| Total Assets | $403.26K |
| Market Capitalization | $819.94K USD |
Valuation Analysis
Premium Asset Valuation: The market values E2Gold Inc's assets at a significant premium ( 2.03x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: E2Gold Inc's assets decreased by 85.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for E2Gold Inc (2020–2023)
The table below shows the annual total assets of E2Gold Inc from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-07-31 | $403.26K | -85.22% |
| 2022-07-31 | $2.73 Million | -56.39% |
| 2021-07-31 | $6.26 Million | +3282.58% |
| 2020-07-31 | $184.94K | -- |