Tantalex Resources Corporation
Tantalex Lithium Resources Corp. engages in the acquisition, exploration, development, and production of lithium, tantalum, and tin in Africa. It holds interest in the Manono Lithium Tailings, the Pegmatite Corridor Exploration, and the Titan Projects located in Manono, the Democratic Republic of Congo. The company was formerly known as Tantalex Resources Corporation and changed its name to Tanta… Read more
Tantalex Resources Corporation (TTLXF) - Total Assets
Latest total assets as of November 2024: $20.79 Million USD
Based on the latest financial reports, Tantalex Resources Corporation (TTLXF) holds total assets worth $20.79 Million USD as of November 2024.
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.
Tantalex Resources Corporation - Total Assets Trend (2018–2024)
This chart illustrates how Tantalex Resources Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Tantalex Resources Corporation - Asset Composition Analysis
Current Asset Composition (February 2024)
Tantalex Resources Corporation's total assets of $20.79 Million consist of 8.2% current assets and 91.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.4% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $448.35K | 2.4% |
| 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 Tantalex Resources Corporation'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: Tantalex Resources Corporation's current assets represent 8.2% of total assets in 2024, a decrease from 61.3% in 2018.
- Cash Position: Cash and equivalents constituted 4.4% of total assets in 2024, down from 54.2% 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 inventory at 2.4% of total assets.
Tantalex Resources Corporation Competitors by Total Assets
Key competitors of Tantalex Resources Corporation 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 |
Tantalex Resources Corporation - 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 - Tantalex Resources Corporation 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 - Tantalex Resources Corporation is currently not profitable relative to its asset base.
Tantalex Resources Corporation - 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 | 0.07 | 0.06 | 0.07 |
| Quick Ratio | 0.02 | 0.06 | 0.07 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-33.35 Million | $ -24.97 Million | $ -8.72 Million |
Tantalex Resources Corporation - Advanced Valuation Insights
This section examines the relationship between Tantalex Resources Corporation'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 | - |
| Latest Market Cap to Assets Ratio | 0.28 |
| Asset Growth Rate (YoY) | 111.7% |
| Total Assets | $19.11 Million |
| Market Capitalization | $5.35 Million USD |
Valuation Analysis
Below Book Valuation: The market values Tantalex Resources Corporation's assets below their book value (0.28 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Tantalex Resources Corporation's assets grew by 111.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Tantalex Resources Corporation (2018–2024)
The table below shows the annual total assets of Tantalex Resources Corporation from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-02-29 | $19.11 Million | +111.74% |
| 2023-02-28 | $9.03 Million | +51.63% |
| 2022-02-28 | $5.95 Million | +1102.19% |
| 2021-02-28 | $495.17K | -93.20% |
| 2020-02-29 | $7.28 Million | -0.58% |
| 2019-02-28 | $7.33 Million | +49.85% |
| 2018-02-28 | $4.89 Million | -- |