AKITA Drilling Ltd
AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas. The company was founded in 1964 and is headquartered in Calgary, Canada. AKITA Drill… Read more
AKITA Drilling Ltd (AKTAF) - Total Assets
Latest total assets as of June 2025: $258.01 Million USD
Based on the latest financial reports, AKITA Drilling Ltd (AKTAF) holds total assets worth $258.01 Million USD as of June 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.
AKITA Drilling Ltd - Total Assets Trend (1993–2024)
This chart illustrates how AKITA Drilling Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
AKITA Drilling Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
AKITA Drilling Ltd's total assets of $258.01 Million consist of 22.3% current assets and 77.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.6% |
| Accounts Receivable | $52.74 Million | 19.6% |
| 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 (1993–2024)
This chart illustrates how AKITA Drilling 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: AKITA Drilling Ltd's current assets represent 22.3% of total assets in 2024, a decrease from 61.5% in 1993.
- Cash Position: Cash and equivalents constituted 2.6% of total assets in 2024, down from 26.8% in 1993.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1993.
- Asset Diversification: The largest asset category is accounts receivable at 19.6% of total assets.
AKITA Drilling Ltd Competitors by Total Assets
Key competitors of AKITA Drilling Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828
|
China | CN¥1.85 Billion |
|
Daldrup & Söhne Aktiengesellschaft
F:4DS
|
Germany | €37.46 Million |
|
Velesto Energy Bhd
KLSE:5243
|
Malaysia | RM2.85 Billion |
|
ARCHER
F:8SW
|
Germany | €1.07 Billion |
|
Aban Offshore Limited
NSE:ABAN
|
India | ₹16.43 Billion |
|
ACT Energy Technologies Ltd.
TO:ACX
|
Canada | CA$458.00 Million |
|
Agri-Dynamics Inc
PINK:AGDY
|
USA | $144.28K |
|
Apexindo Pratama Duta Tbk
JK:APEX
|
Indonesia | Rp242.87 Million |
AKITA Drilling 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
Strong asset utilization - AKITA Drilling Ltd generates 0.72x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, AKITA Drilling Ltd generates $ 4.79 in net profit.
AKITA Drilling 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 | 2.05 | 1.69 | 1.85 |
| Quick Ratio | 2.05 | 1.69 | 1.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $25.75 Million | $ 15.78 Million | $ 10.80 Million |
AKITA Drilling Ltd - Advanced Valuation Insights
This section examines the relationship between AKITA Drilling 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 | 0.40 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | 1.9% |
| Total Assets | $268.76 Million |
| Market Capitalization | $37.79 Million USD |
Valuation Analysis
Below Book Valuation: The market values AKITA Drilling Ltd's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: AKITA Drilling Ltd's assets grew by 1.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for AKITA Drilling Ltd (1993–2024)
The table below shows the annual total assets of AKITA Drilling Ltd from 1993 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $268.76 Million | +1.94% |
| 2023-12-31 | $263.64 Million | -1.73% |
| 2022-12-31 | $268.28 Million | +8.36% |
| 2021-12-31 | $247.57 Million | -1.57% |
| 2020-12-31 | $251.52 Million | -31.86% |
| 2019-12-31 | $369.12 Million | -8.55% |
| 2018-12-31 | $403.64 Million | +94.53% |
| 2017-12-31 | $207.50 Million | -19.55% |
| 2016-12-31 | $257.91 Million | +1.33% |
| 2015-12-31 | $254.52 Million | -25.35% |
| 2014-12-31 | $340.93 Million | +16.86% |
| 2013-12-31 | $291.75 Million | -0.43% |
| 2012-12-31 | $292.99 Million | +18.56% |
| 2011-12-31 | $247.13 Million | +1.85% |
| 2010-12-31 | $242.65 Million | +3.60% |
| 2009-12-31 | $234.22 Million | -3.56% |
| 2008-12-31 | $242.87 Million | +8.66% |
| 2007-12-31 | $223.52 Million | +0.58% |
| 2006-12-31 | $222.24 Million | +11.20% |
| 2005-12-31 | $199.85 Million | +22.64% |
| 2004-12-31 | $162.96 Million | +7.99% |
| 2003-12-31 | $150.90 Million | +12.70% |
| 2002-12-31 | $133.90 Million | -8.20% |
| 2001-12-31 | $145.86 Million | +70.54% |
| 2000-12-31 | $85.53 Million | +16.37% |
| 1999-12-31 | $73.50 Million | +5.00% |
| 1998-12-31 | $70.00 Million | -5.28% |
| 1997-12-31 | $73.90 Million | +37.87% |
| 1996-12-31 | $53.60 Million | +20.18% |
| 1995-12-31 | $44.60 Million | +6.19% |
| 1994-12-31 | $42.00 Million | +40.47% |
| 1993-12-31 | $29.90 Million | -- |