Ultra Resources Inc
Ultra Lithium Inc. engages in the acquisition, exploration, and development of resource properties in Argentina, Canada, and the United States. It primarily explores for gold and lithium deposits. The company was formerly known as Ultra Resources Inc. and changed its name to Ultra Lithium Inc. in January 2022. Ultra Lithium Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.
Ultra Resources Inc (ULTXF) - Total Assets
Latest total assets as of July 2024: $13.37 Million USD
Based on the latest financial reports, Ultra Resources Inc (ULTXF) holds total assets worth $13.37 Million USD as of July 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.
Ultra Resources Inc - Total Assets Trend (2013–2023)
This chart illustrates how Ultra Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ultra Resources Inc - Asset Composition Analysis
Current Asset Composition (October 2023)
Ultra Resources Inc's total assets of $13.37 Million consist of 6.9% current assets and 93.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.4% |
| Accounts Receivable | $423.10K | 3.1% |
| 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 (2013–2023)
This chart illustrates how Ultra Resources 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: Ultra Resources Inc's current assets represent 6.9% of total assets in 2023, a decrease from 49.4% in 2013.
- Cash Position: Cash and equivalents constituted 3.4% of total assets in 2023, down from 48.5% 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 3.1% of total assets.
Ultra Resources Inc Competitors by Total Assets
Key competitors of Ultra Resources 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 |
Ultra Resources 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 - Ultra Resources 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 - Ultra Resources Inc is currently not profitable relative to its asset base.
Ultra Resources 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 | 0.07 | 0.26 | 24.55 |
| Quick Ratio | 0.07 | 0.26 | 24.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.66 Million | $ -1.67 Million | $ 1.31 Million |
Ultra Resources Inc - Advanced Valuation Insights
This section examines the relationship between Ultra Resources 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 | 0.19 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | -25.5% |
| Total Assets | $13.73 Million |
| Market Capitalization | $1.56 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ultra Resources Inc's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Ultra Resources Inc's assets decreased by 25.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ultra Resources Inc (2013–2023)
The table below shows the annual total assets of Ultra Resources Inc from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-10-31 | $13.73 Million | -25.46% |
| 2022-10-31 | $18.41 Million | +480.77% |
| 2021-10-31 | $3.17 Million | +33.24% |
| 2020-10-31 | $2.38 Million | -14.90% |
| 2019-10-31 | $2.80 Million | -17.03% |
| 2018-10-31 | $3.37 Million | +55.04% |
| 2017-10-31 | $2.17 Million | -5.90% |
| 2016-10-31 | $2.31 Million | +78.94% |
| 2015-10-31 | $1.29 Million | -73.43% |
| 2014-10-31 | $4.86 Million | -18.42% |
| 2013-10-31 | $5.96 Million | -- |