Fortune Bay Corp
Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold and uranium deposits. The company has an option agreement to acquire The Woods Uranium Projects located on the northern margin of the Athabasca Basin, Saskatchewan. Fortune Bay Corp. is headquartered in Halifax, Canada.
Fortune Bay Corp (FTBYF) - Total Assets
Latest total assets as of September 2025: $26.16 Million USD
Based on the latest financial reports, Fortune Bay Corp (FTBYF) holds total assets worth $26.16 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.
Fortune Bay Corp - Total Assets Trend (2013–2024)
This chart illustrates how Fortune Bay Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Fortune Bay Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Fortune Bay Corp's total assets of $26.16 Million consist of 3.0% current assets and 97.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.9% |
| Accounts Receivable | $25.96K | 0.1% |
| 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 (2013–2024)
This chart illustrates how Fortune Bay 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: Fortune Bay Corp's current assets represent 3.0% of total assets in 2024, an increase from 0.0% in 2013.
- Cash Position: Cash and equivalents constituted 1.9% of total assets in 2024, up from 0.0% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 0.1% of total assets.
Fortune Bay Corp Competitors by Total Assets
Key competitors of Fortune Bay Corp 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 |
Fortune Bay 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 - Fortune Bay 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 - Fortune Bay Corp is currently not profitable relative to its asset base.
Fortune Bay 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 | 2.23 | 0.63 | 4.80 |
| Quick Ratio | 2.23 | 0.63 | 4.80 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.01 Million | $ -452.20K | $ 2.48 Million |
Fortune Bay Corp - Advanced Valuation Insights
This section examines the relationship between Fortune Bay 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 | 2.22 |
| Latest Market Cap to Assets Ratio | 0.56 |
| Asset Growth Rate (YoY) | 0.3% |
| Total Assets | $24.17 Million |
| Market Capitalization | $13.51 Million USD |
Valuation Analysis
Below Book Valuation: The market values Fortune Bay Corp's assets below their book value (0.56 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Fortune Bay Corp's assets grew by 0.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Fortune Bay Corp (2013–2024)
The table below shows the annual total assets of Fortune Bay Corp from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $24.17 Million | +0.28% |
| 2023-12-31 | $24.10 Million | +1.56% |
| 2022-12-31 | $23.73 Million | -4.32% |
| 2021-12-31 | $24.80 Million | +30.53% |
| 2020-12-31 | $19.00 Million | +22.05% |
| 2019-12-31 | $15.57 Million | +0.65% |
| 2018-12-31 | $15.47 Million | +2.12% |
| 2017-12-31 | $15.15 Million | -2.42% |
| 2016-12-31 | $15.52 Million | +2.49% |
| 2015-12-31 | $15.15 Million | -27.45% |
| 2014-12-31 | $20.88 Million | -- |
| 2013-12-31 | $0.00 | -- |