Forte Minerals Corp.
Forte Minerals Corp., a mining exploration company, engages in the acquisition, exploration, and development of copper and gold projects in Peru. It explores for gold, copper, and molybdenum deposits. The company was formerly known as Forte Copper Corp. and changed its name to Forte Minerals Corp. in April 2021. Forte Minerals Corp. was incorporated in 2011 and is headquartered in Vancouver, Cana… Read more
Forte Minerals Corp. (FOMNF) - Total Assets
Latest total assets as of September 2025: $10.04 Million USD
Based on the latest financial reports, Forte Minerals Corp. (FOMNF) holds total assets worth $10.04 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.
Forte Minerals Corp. - Total Assets Trend (2020–2024)
This chart illustrates how Forte Minerals Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Forte Minerals Corp. - Asset Composition Analysis
Current Asset Composition (December 2024)
Forte Minerals Corp.'s total assets of $10.04 Million consist of 42.0% current assets and 58.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 39.7% |
| Accounts Receivable | $22.30K | 0.8% |
| 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 (2020–2024)
This chart illustrates how Forte Minerals 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Forte Minerals Corp.'s current assets represent 42.0% of total assets in 2024, a decrease from 43.0% in 2020.
- Cash Position: Cash and equivalents constituted 39.7% of total assets in 2024, down from 41.5% 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 accounts receivable at 0.8% of total assets.
Forte Minerals Corp. Competitors by Total Assets
Key competitors of Forte Minerals Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Artemis Gold Inc
PINK:ARGTF
|
USA | $1.87 Billion |
|
American Sierra Gold Corp
PINK:AMNP
|
USA | $9.30 Million |
|
Zhongrun Resources Investment
SHE:000506
|
China | CN¥1.43 Billion |
|
Yintai Resources Co Ltd
SHE:000975
|
China | CN¥20.29 Billion |
|
1AH
F:1AH
|
Germany | €55.15 Million |
|
1ZX0
F:1ZX0
|
Germany | €1.11 Million |
|
Copper Giant Resources Corp.
F:29H0
|
Germany | €6.21 Million |
|
29METALS Ltd
AU:29M
|
Australia | AU$1.04 Billion |
Forte Minerals Corp. - 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 - Forte Minerals Corp. 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 - Forte Minerals Corp. is currently not profitable relative to its asset base.
Forte Minerals 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 | 62.82 | 12.11 | 2.85 |
| Quick Ratio | 62.82 | 12.11 | 2.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $8.27 Million | $ 1.39 Million | $ 159.81K |
Forte Minerals Corp. - Advanced Valuation Insights
This section examines the relationship between Forte Minerals 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 | 11.39 |
| Latest Market Cap to Assets Ratio | 3.76 |
| Asset Growth Rate (YoY) | 133.1% |
| Total Assets | $2.83 Million |
| Market Capitalization | $10.63 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Forte Minerals Corp.'s assets at a significant premium ( 3.76x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Forte Minerals Corp.'s assets grew by 133.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Forte Minerals Corp. (2020–2024)
The table below shows the annual total assets of Forte Minerals Corp. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.83 Million | +133.09% |
| 2023-12-31 | $1.21 Million | -51.00% |
| 2022-12-31 | $2.48 Million | +77.08% |
| 2021-12-31 | $1.40 Million | -25.36% |
| 2020-12-31 | $1.87 Million | -- |