Irving Resources Inc
Irving Resources Inc., a junior resource exploration company, acquires and explores mineral properties in Canada and Japan. It primarily explores for gold and silver deposits. Its lead project is the 100% owned Omu project located in Hokkaido, Japan. The company was incorporated in 2015 and is headquartered in Vancouver, Canada.
Irving Resources Inc (IRVRF) - Total Assets
Latest total assets as of November 2025: $46.69 Million USD
Based on the latest financial reports, Irving Resources Inc (IRVRF) holds total assets worth $46.69 Million USD as of November 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.
Irving Resources Inc - Total Assets Trend (2016–2025)
This chart illustrates how Irving Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Irving Resources Inc - Asset Composition Analysis
Current Asset Composition (February 2025)
Irving Resources Inc's total assets of $46.69 Million consist of 8.6% current assets and 91.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.6% |
| 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 (2016–2025)
This chart illustrates how Irving 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: Irving Resources Inc's current assets represent 8.6% of total assets in 2025, a decrease from 32.2% in 2016.
- Cash Position: Cash and equivalents constituted 6.6% of total assets in 2025, down from 29.8% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Irving Resources Inc Competitors by Total Assets
Key competitors of Irving Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Irving 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 - Irving 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 - Irving Resources Inc is currently not profitable relative to its asset base.
Irving 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 | 7.19 | 1.78 | 8.83 |
| Quick Ratio | 7.19 | 1.78 | 8.83 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.06 Million | $ 2.49 Million | $ 9.90 Million |
Irving Resources Inc - Advanced Valuation Insights
This section examines the relationship between Irving 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 | 0.83 |
| Latest Market Cap to Assets Ratio | 0.19 |
| Asset Growth Rate (YoY) | -6.7% |
| Total Assets | $46.80 Million |
| Market Capitalization | $8.80 Million USD |
Valuation Analysis
Below Book Valuation: The market values Irving Resources Inc's assets below their book value (0.19 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Irving Resources Inc's assets decreased by 6.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Irving Resources Inc (2016–2025)
The table below shows the annual total assets of Irving Resources Inc from 2016 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-02-28 | $46.80 Million | -6.70% |
| 2024-02-29 | $50.16 Million | +0.56% |
| 2023-02-28 | $49.88 Million | +29.92% |
| 2022-02-28 | $38.39 Million | +21.49% |
| 2021-02-28 | $31.60 Million | +14.99% |
| 2020-02-29 | $27.48 Million | +149.13% |
| 2019-02-28 | $11.03 Million | +27.46% |
| 2018-02-28 | $8.65 Million | -4.89% |
| 2017-02-28 | $9.10 Million | +288.71% |
| 2016-02-29 | $2.34 Million | -- |