Altair Resources Inc
Altair Resources Inc., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. The company explores for gold, cobalt, and nickel deposits. It has an option to acquire 65% interest in the Simon property that consists of 37 unpatented lode claims and 20 patented lode claims located in the state of Nevada, the United States. The company was form… Read more
Altair Resources Inc (AAEEF) - Total Assets
Latest total assets as of June 2024: $11.04K USD
Based on the latest financial reports, Altair Resources Inc (AAEEF) holds total assets worth $11.04K 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.
Altair Resources Inc - Total Assets Trend (1999–2024)
This chart illustrates how Altair Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Altair Resources Inc - Asset Composition Analysis
Current Asset Composition (March 2024)
Altair Resources Inc's total assets of $11.04K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 7.4% |
| Accounts Receivable | $5.74K | 74.6% |
| 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 (1999–2024)
This chart illustrates how Altair 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: Altair Resources Inc's current assets represent 100.0% of total assets in 2024, an increase from 14.2% in 1999.
- Cash Position: Cash and equivalents constituted 7.4% of total assets in 2024, up from 4.0% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1999.
- Asset Diversification: The largest asset category is accounts receivable at 74.6% of total assets.
Altair Resources Inc Competitors by Total Assets
Key competitors of Altair 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 |
Altair 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 - Altair 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 - Altair Resources Inc is currently not profitable relative to its asset base.
Altair 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 | 0.00 | 0.01 | 0.01 |
| Quick Ratio | 0.00 | 0.01 | 0.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.54 Million | $ -2.06 Million | $ -748.00K |
Altair Resources Inc - Advanced Valuation Insights
This section examines the relationship between Altair 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 | 3.53 |
| Latest Market Cap to Assets Ratio | 21.48 |
| Asset Growth Rate (YoY) | -22.9% |
| Total Assets | $7.70K |
| Market Capitalization | $165.38K USD |
Valuation Analysis
Premium Asset Valuation: The market values Altair Resources Inc's assets at a significant premium ( 21.48x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Altair Resources Inc's assets decreased by 22.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Altair Resources Inc (1999–2024)
The table below shows the annual total assets of Altair Resources Inc from 1999 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-03-31 | $7.70K | -22.91% |
| 2023-03-31 | $9.99K | -83.52% |
| 2022-03-31 | $60.61K | +48.92% |
| 2021-03-31 | $40.70K | +295.98% |
| 2020-03-31 | $10.28K | -98.33% |
| 2019-03-31 | $616.08K | -56.81% |
| 2018-03-31 | $1.43 Million | -45.72% |
| 2017-03-31 | $2.63 Million | +5604.26% |
| 2016-03-31 | $46.07K | +551.44% |
| 2015-03-31 | $7.07K | -99.65% |
| 2014-03-31 | $2.05 Million | -14.70% |
| 2013-03-31 | $2.40 Million | -13.62% |
| 2012-03-31 | $2.78 Million | +36.09% |
| 2011-03-31 | $2.04 Million | +86.77% |
| 2010-03-31 | $1.09 Million | -62.12% |
| 2009-03-31 | $2.89 Million | -20.25% |
| 2008-03-31 | $3.62 Million | +152.21% |
| 2007-03-31 | $1.44 Million | +289.07% |
| 2006-03-31 | $368.83K | -65.11% |
| 2003-03-31 | $1.06 Million | -83.50% |
| 2002-03-31 | $6.41 Million | +254.93% |
| 2001-03-31 | $1.81 Million | +10.68% |
| 2000-03-31 | $1.63 Million | -26.48% |
| 1999-03-31 | $2.22 Million | -- |