First Helium Inc
First Helium Inc. engages in the acquisition, exploration, development, and production of helium, petroleum, and natural gas property interests in Alberta, Canada. The company holds a 100% interest in the Worsley Property project covering an area of 53000 acres located in the Worsley Trend, Northern Alberta. First Helium Inc. was incorporated in 2016 and is headquartered in Calgary, Canada.
First Helium Inc (FHELF) - Total Assets
Latest total assets as of September 2025: $15.62 Million USD
Based on the latest financial reports, First Helium Inc (FHELF) holds total assets worth $15.62 Million 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.
First Helium Inc - Total Assets Trend (2020–2025)
This chart illustrates how First Helium Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Helium Inc - Asset Composition Analysis
Current Asset Composition (March 2025)
First Helium Inc's total assets of $15.62 Million consist of 7.8% current assets and 92.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.0% |
| 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 (2020–2025)
This chart illustrates how First Helium 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: First Helium Inc's current assets represent 7.8% of total assets in 2025, an increase from 1.2% in 2020.
- Cash Position: Cash and equivalents constituted 5.0% of total assets in 2025, up from 0.1% 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.
First Helium Inc Competitors by Total Assets
Key competitors of First Helium Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Renxin New Material Co. Ltd. A
SHE:301395
|
China | CN¥1.99 Billion |
|
Engro Corporation Ltd
KAR:ENGRO
|
Pakistan | PKRs765.68 Billion |
|
Fatima Fertilizer Company Ltd
KAR:FATIMA
|
Pakistan | PKRs256.23 Billion |
|
North Huajin Chemical Industries Co Ltd
SHE:000059
|
China | CN¥24.47 Billion |
|
Jiangsu Wujiang China Eastern Silk Market Co Ltd
SHE:000301
|
China | CN¥212.80 Billion |
|
Zangge Holding Co Ltd
SHE:000408
|
China | CN¥16.36 Billion |
|
Sichuan Jinlu Group Co Ltd
SHE:000510
|
China | CN¥2.53 Billion |
|
Jilin Gpro Titanium Industry Co Ltd
SHE:000545
|
China | CN¥2.48 Billion |
First Helium 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 - First Helium Inc generates 0.02x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - First Helium Inc is currently not profitable relative to its asset base.
First Helium 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 | 0.05 | 0.19 | 3.11 |
| Quick Ratio | 0.05 | 0.19 | 3.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.43 Million | $ -1.18 Million | $ 7.97 Million |
First Helium Inc - Advanced Valuation Insights
This section examines the relationship between First Helium 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 | 0.55 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 2.7% |
| Total Assets | $16.65 Million |
| Market Capitalization | $207.47 USD |
Valuation Analysis
Below Book Valuation: The market values First Helium Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: First Helium Inc's assets grew by 2.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First Helium Inc (2020–2025)
The table below shows the annual total assets of First Helium Inc from 2020 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-03-31 | $16.65 Million | +2.66% |
| 2024-03-31 | $16.22 Million | -4.96% |
| 2023-03-31 | $17.07 Million | -15.97% |
| 2022-03-31 | $20.31 Million | +28.63% |
| 2021-03-31 | $15.79 Million | +632.61% |
| 2020-03-31 | $2.16 Million | -- |