Newcore Gold Ltd
Newcore Gold Ltd. engages in the acquisition, advancement, and development of mineral resource properties in Ghana. It holds 100% interest in the Enchi Gold Project covering 248 square kilometers located in southwest Ghana, as well as holds six prospecting licenses. The company was formerly known as Pinecrest Resources Ltd. and changed its name to Newcore Gold Ltd. in August 2020. Newcore Gold Lt… Read more
Newcore Gold Ltd (NCAUF) - Total Assets
Latest total assets as of September 2025: $71.84 Million USD
Based on the latest financial reports, Newcore Gold Ltd (NCAUF) holds total assets worth $71.84 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.
Newcore Gold Ltd - Total Assets Trend (2017–2024)
This chart illustrates how Newcore Gold Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Newcore Gold Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Newcore Gold Ltd's total assets of $71.84 Million consist of 9.8% current assets and 90.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 9.1% |
| 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 (2017–2024)
This chart illustrates how Newcore Gold Ltd'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: Newcore Gold Ltd's current assets represent 9.8% of total assets in 2024, a decrease from 13.5% in 2017.
- Cash Position: Cash and equivalents constituted 9.1% of total assets in 2024, up from 6.2% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Newcore Gold Ltd Competitors by Total Assets
Key competitors of Newcore Gold Ltd 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 |
Newcore Gold Ltd - 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 - Newcore Gold Ltd 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 - Newcore Gold Ltd is currently not profitable relative to its asset base.
Newcore Gold Ltd - 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 | 4.64 | 10.36 | 9.22 |
| Quick Ratio | 4.64 | 10.36 | 9.22 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $8.99 Million | $ 7.87 Million | $ 12.09 Million |
Newcore Gold Ltd - Advanced Valuation Insights
This section examines the relationship between Newcore Gold Ltd'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 | 2.93 |
| Latest Market Cap to Assets Ratio | 1.61 |
| Asset Growth Rate (YoY) | 22.7% |
| Total Assets | $56.75 Million |
| Market Capitalization | $91.19 Million USD |
Valuation Analysis
Above Book Valuation: The market values Newcore Gold Ltd's assets above their book value (1.61 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Newcore Gold Ltd's assets grew by 22.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Newcore Gold Ltd (2017–2024)
The table below shows the annual total assets of Newcore Gold Ltd from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $56.75 Million | +22.75% |
| 2023-12-31 | $46.23 Million | +3.86% |
| 2022-12-31 | $44.51 Million | +10.20% |
| 2021-12-31 | $40.39 Million | +29.79% |
| 2020-12-31 | $31.12 Million | +112.40% |
| 2019-12-31 | $14.65 Million | -3.80% |
| 2018-12-31 | $15.23 Million | +4.16% |
| 2017-12-31 | $14.62 Million | -- |