Spruce Ridge Resources Ltd
Homeland Nickel Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada and the United States. It explores for copper, gold, and nickel deposits. The company was formerly known as Spruce Ridge Resources Ltd. and changed its name to Homeland Nickel Inc. in May 2024. Homeland Nickel Inc. was incorporated in 1989 and … Read more
Spruce Ridge Resources Ltd (SRCGF) - Total Assets
Latest total assets as of October 2025: $9.95 Million USD
Based on the latest financial reports, Spruce Ridge Resources Ltd (SRCGF) holds total assets worth $9.95 Million USD as of October 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.
Spruce Ridge Resources Ltd - Total Assets Trend (2001–2025)
This chart illustrates how Spruce Ridge Resources Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Spruce Ridge Resources Ltd - Asset Composition Analysis
Current Asset Composition (April 2025)
Spruce Ridge Resources Ltd's total assets of $9.95 Million consist of 39.5% current assets and 60.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.0% |
| Accounts Receivable | $1.88K | 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 (2001–2025)
This chart illustrates how Spruce Ridge Resources Ltd'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: Spruce Ridge Resources Ltd's current assets represent 39.5% of total assets in 2025, an increase from 9.2% in 2001.
- Cash Position: Cash and equivalents constituted 3.0% of total assets in 2025, up from 0.3% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 0.0% of total assets.
Spruce Ridge Resources Ltd Competitors by Total Assets
Key competitors of Spruce Ridge Resources Ltd 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 |
Spruce Ridge Resources Ltd - 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 - Spruce Ridge Resources Ltd 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 - Spruce Ridge Resources Ltd is currently not profitable relative to its asset base.
Spruce Ridge Resources Ltd - 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 | 7.73 | 12.76 | 49.91 |
| Quick Ratio | 7.73 | 12.76 | 49.91 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $3.02 Million | $ 4.28 Million | $ 9.17 Million |
Spruce Ridge Resources Ltd - Advanced Valuation Insights
This section examines the relationship between Spruce Ridge Resources Ltd'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 | 9.33 |
| Latest Market Cap to Assets Ratio | 1.01 |
| Asset Growth Rate (YoY) | -29.9% |
| Total Assets | $10.11 Million |
| Market Capitalization | $10.26 Million USD |
Valuation Analysis
Above Book Valuation: The market values Spruce Ridge Resources Ltd's assets above their book value (1.01 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Spruce Ridge Resources Ltd's assets decreased by 29.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Spruce Ridge Resources Ltd (2001–2025)
The table below shows the annual total assets of Spruce Ridge Resources Ltd from 2001 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-04-30 | $10.11 Million | -29.91% |
| 2024-04-30 | $14.43 Million | +36.51% |
| 2023-04-30 | $10.57 Million | -37.23% |
| 2022-04-30 | $16.84 Million | -50.67% |
| 2021-04-30 | $34.13 Million | +188.14% |
| 2020-04-30 | $11.85 Million | +518.34% |
| 2019-04-30 | $1.92 Million | +28.86% |
| 2018-04-30 | $1.49 Million | +0.91% |
| 2017-04-30 | $1.47 Million | +3.72% |
| 2016-04-30 | $1.42 Million | +6.72% |
| 2015-04-30 | $1.33 Million | -2.14% |
| 2014-04-30 | $1.36 Million | -15.70% |
| 2013-04-30 | $1.61 Million | +31.96% |
| 2012-04-30 | $1.22 Million | -77.76% |
| 2011-04-30 | $5.50 Million | +3.03% |
| 2010-04-30 | $5.34 Million | +66.46% |
| 2009-04-30 | $3.21 Million | -26.87% |
| 2008-04-30 | $4.38 Million | -20.07% |
| 2007-04-30 | $5.48 Million | +737.39% |
| 2006-04-30 | $654.77K | -10.14% |
| 2005-04-30 | $728.67K | -8.89% |
| 2004-04-30 | $799.76K | -2.22% |
| 2003-04-30 | $817.96K | +12.41% |
| 2002-04-30 | $727.64K | +7.01% |
| 2001-04-30 | $679.97K | -- |