Advance Gold Corp
Advance Lithium Corp., an exploration stage company, engages in the exploration and evaluation of mineral property interests in Canada, Kenya, and Mexico. It explores for lithium, precious metals, and fertilizer minerals. The company has 13 lithium, -potassiumboron, and boron salars in Central Mexico. It also holds a 100% interest in the Tabasquena silver mine and Venaditas polymetalic project in… Read more
Advance Gold Corp (ADGCF) - Total Assets
Latest total assets as of February 2023: $783.28K USD
Based on the latest financial reports, Advance Gold Corp (ADGCF) holds total assets worth $783.28K USD as of February 2023.
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.
Advance Gold Corp - Total Assets Trend (2007–2022)
This chart illustrates how Advance Gold Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Advance Gold Corp - Asset Composition Analysis
Current Asset Composition (May 2022)
Advance Gold Corp's total assets of $783.28K consist of 8.7% current assets and 91.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.5% |
| Accounts Receivable | $242.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $796.44K | 91.4% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2007–2022)
This chart illustrates how Advance Gold 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: Advance Gold Corp's current assets represent 8.7% of total assets in 2022, a decrease from 100.0% in 2007.
- Cash Position: Cash and equivalents constituted 0.5% of total assets in 2022, down from 98.6% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is property, plant & equipment at 91.4% of total assets.
Advance Gold Corp Competitors by Total Assets
Key competitors of Advance Gold Corp 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 |
Advance Gold 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 - Advance Gold Corp 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 - Advance Gold Corp is currently not profitable relative to its asset base.
Advance Gold 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 | 0.05 | 0.31 | 0.17 |
| Quick Ratio | 0.05 | 0.31 | 0.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-535.25K | $ -412.14K | $ -289.78K |
Advance Gold Corp - Advanced Valuation Insights
This section examines the relationship between Advance Gold 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 | 3.00 |
| Latest Market Cap to Assets Ratio | 0.55 |
| Asset Growth Rate (YoY) | -73.0% |
| Total Assets | $871.84K |
| Market Capitalization | $480.91K USD |
Valuation Analysis
Below Book Valuation: The market values Advance Gold Corp's assets below their book value (0.55 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Advance Gold Corp's assets decreased by 73.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Advance Gold Corp (2007–2022)
The table below shows the annual total assets of Advance Gold Corp from 2007 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-05-31 | $871.84K | -72.97% |
| 2021-05-31 | $3.23 Million | +64.97% |
| 2020-05-31 | $1.96 Million | +28.87% |
| 2019-05-31 | $1.52 Million | +121.54% |
| 2018-05-31 | $684.85K | +56.49% |
| 2017-05-31 | $437.63K | +6.00% |
| 2016-05-31 | $412.85K | +0.14% |
| 2015-05-31 | $412.25K | -0.34% |
| 2014-05-31 | $413.64K | -0.98% |
| 2013-05-31 | $417.73K | -42.66% |
| 2012-05-31 | $728.55K | +36.27% |
| 2011-05-31 | $534.64K | -80.87% |
| 2010-05-31 | $2.80 Million | -8.99% |
| 2009-05-31 | $3.07 Million | +20.94% |
| 2008-05-31 | $2.54 Million | +245.48% |
| 2007-05-31 | $735.04K | -- |