Golden Lake Exploration Inc
Golden Lake Exploration Inc., a junior mining exploration company, engages in the acquisition, exploration, and development of mineral property assets in the United States. The company primarily explores for gold deposits. Its flagship project is the Jewel Ridge project located in Eureka County, Nevada. The company was incorporated in 2018 and is based in Vancouver, Canada.
Golden Lake Exploration Inc (GOLXF) - Total Assets
Latest total assets as of August 2025: $11.12 Million USD
Based on the latest financial reports, Golden Lake Exploration Inc (GOLXF) holds total assets worth $11.12 Million USD as of August 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.
Golden Lake Exploration Inc - Total Assets Trend (2018–2024)
This chart illustrates how Golden Lake Exploration Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Golden Lake Exploration Inc - Asset Composition Analysis
Current Asset Composition (November 2024)
Golden Lake Exploration Inc's total assets of $11.12 Million consist of 0.7% current assets and 99.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.1% |
| Accounts Receivable | $18.48K | 0.2% |
| 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 (2018–2024)
This chart illustrates how Golden Lake Exploration 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: Golden Lake Exploration Inc's current assets represent 0.7% of total assets in 2024, a decrease from 43.2% in 2018.
- Cash Position: Cash and equivalents constituted 0.1% of total assets in 2024, down from 42.7% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 0.2% of total assets.
Golden Lake Exploration Inc Competitors by Total Assets
Key competitors of Golden Lake Exploration 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 |
Golden Lake Exploration 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 - Golden Lake Exploration 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 - Golden Lake Exploration Inc is currently not profitable relative to its asset base.
Golden Lake Exploration 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 | 0.12 | 3.27 | 10.63 |
| Quick Ratio | 0.12 | 3.27 | 10.63 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-474.58K | $ 159.74K | $ 482.56K |
Golden Lake Exploration Inc - Advanced Valuation Insights
This section examines the relationship between Golden Lake Exploration 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 | 1.20 |
| Latest Market Cap to Assets Ratio | 0.22 |
| Asset Growth Rate (YoY) | 11.8% |
| Total Assets | $11.02 Million |
| Market Capitalization | $2.38 Million USD |
Valuation Analysis
Below Book Valuation: The market values Golden Lake Exploration Inc's assets below their book value (0.22 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Golden Lake Exploration Inc's assets grew by 11.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Golden Lake Exploration Inc (2018–2024)
The table below shows the annual total assets of Golden Lake Exploration Inc from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-11-30 | $11.02 Million | +11.76% |
| 2023-11-30 | $9.86 Million | -9.60% |
| 2022-11-30 | $10.90 Million | -10.97% |
| 2021-11-30 | $12.25 Million | +419.59% |
| 2020-11-30 | $2.36 Million | +1391.20% |
| 2019-11-30 | $158.08K | -11.32% |
| 2018-11-30 | $178.26K | -- |