Giga Metals Corporation
Giga Metals Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel-cobalt sulphide deposits. It holds 85% interests in the Turnagain property with 75 mineral claims covering an area of approximately 44,045 hectares located in the Liard mining division of northern British Columbia. The company was formerly known as Hard… Read more
Giga Metals Corporation (GIGGF) - Total Assets
Latest total assets as of September 2025: $23.07 Million USD
Based on the latest financial reports, Giga Metals Corporation (GIGGF) holds total assets worth $23.07 Million USD as of September 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.
Giga Metals Corporation - Total Assets Trend (2019–2024)
This chart illustrates how Giga Metals Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Giga Metals Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Giga Metals Corporation's total assets of $23.07 Million consist of 2.4% current assets and 97.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.3% |
| Accounts Receivable | $0.00 | 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 (2019–2024)
This chart illustrates how Giga Metals 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: Giga Metals Corporation's current assets represent 2.4% of total assets in 2024, a decrease from 35.9% in 2019.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2024, down from 21.2% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Giga Metals Corporation Competitors by Total Assets
Key competitors of Giga Metals 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 |
Giga Metals 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 - Giga Metals 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 - Giga Metals Corporation is currently not profitable relative to its asset base.
Giga Metals 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 | 1.00 | 4.83 | 2.40 |
| Quick Ratio | 1.00 | 4.83 | 2.40 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-42.00 | $ 858.29K | $ 1.92 Million |
Giga Metals Corporation - Advanced Valuation Insights
This section examines the relationship between Giga Metals 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 | 0.99 |
| Latest Market Cap to Assets Ratio | 0.36 |
| Asset Growth Rate (YoY) | -2.5% |
| Total Assets | $22.67 Million |
| Market Capitalization | $8.18 Million USD |
Valuation Analysis
Below Book Valuation: The market values Giga Metals Corporation's assets below their book value (0.36 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Giga Metals Corporation's assets decreased by 2.5% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Giga Metals Corporation (2019–2024)
The table below shows the annual total assets of Giga Metals Corporation from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $22.67 Million | -2.53% |
| 2023-12-31 | $23.26 Million | -7.86% |
| 2022-12-31 | $25.24 Million | +68.43% |
| 2021-12-31 | $14.99 Million | +46.37% |
| 2020-12-31 | $10.24 Million | +32.29% |
| 2019-12-31 | $7.74 Million | -- |