Altius Renewable Royalties Corp
Altius Renewable Royalties Corp., a renewable energy royalty company, engages in the acquisition and management of renewable energy investments and royalties in North America. The company holds interests in a portfolio of 2,068 MW of operational wind, solar, and hydroelectric projects located in Texas, Kansas, California, and Vermont. It also holds royalty interests related to a portfolio of appr… Read more
Altius Renewable Royalties Corp (ATRWF) - Total Assets
Latest total assets as of June 2024: $217.16 Million USD
Based on the latest financial reports, Altius Renewable Royalties Corp (ATRWF) holds total assets worth $217.16 Million USD as of June 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.
Altius Renewable Royalties Corp - Total Assets Trend (2018–2023)
This chart illustrates how Altius Renewable Royalties Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Altius Renewable Royalties Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Altius Renewable Royalties Corp's total assets of $217.16 Million consist of 41.6% current assets and 58.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 41.3% |
| Accounts Receivable | $116.00K | 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 (2018–2023)
This chart illustrates how Altius Renewable Royalties 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: Altius Renewable Royalties Corp's current assets represent 41.6% of total assets in 2023, a decrease from 100.0% in 2018.
- Cash Position: Cash and equivalents constituted 41.3% of total assets in 2023, up from 0.0% 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 0.1% of total assets.
Altius Renewable Royalties Corp Competitors by Total Assets
Key competitors of Altius Renewable Royalties Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Altius Renewable Royalties 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 - Altius Renewable Royalties Corp generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Altius Renewable Royalties Corp is currently not profitable relative to its asset base.
Altius Renewable Royalties 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 | 250.01 | 249.11 | 0.81 |
| Quick Ratio | 250.01 | 249.11 | 0.81 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $66.48 Million | $ 41.43 Million | $ -66.30K |
Altius Renewable Royalties Corp - Advanced Valuation Insights
This section examines the relationship between Altius Renewable Royalties 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 | 1.28 |
| Latest Market Cap to Assets Ratio | 0.49 |
| Asset Growth Rate (YoY) | 6.6% |
| Total Assets | $214.99 Million |
| Market Capitalization | $105.47 Million USD |
Valuation Analysis
Below Book Valuation: The market values Altius Renewable Royalties Corp's assets below their book value (0.49 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Altius Renewable Royalties Corp's assets grew by 6.6% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Altius Renewable Royalties Corp (2018–2023)
The table below shows the annual total assets of Altius Renewable Royalties Corp from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $214.99 Million | +6.63% |
| 2022-12-31 | $201.61 Million | +21.77% |
| 2021-12-31 | $165.57 Million | +131.45% |
| 2020-12-31 | $71.53 Million | +376.07% |
| 2019-12-31 | $15.03 Million | +15025600.00% |
| 2018-12-31 | $100.00 | -- |