Africa Oil Corp
Meren Energy Inc., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deep-water Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. Meren Energy Inc. was formerly known as Africa… Read more
Africa Oil Corp (AOIFF) - Total Assets
Latest total assets as of September 2025: $2.13 Billion USD
Based on the latest financial reports, Africa Oil Corp (AOIFF) holds total assets worth $2.13 Billion 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.
Africa Oil Corp - Total Assets Trend (2000–2024)
This chart illustrates how Africa Oil Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Africa Oil Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Africa Oil Corp's total assets of $2.13 Billion consist of 12.5% current assets and 87.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 10.0% |
| Accounts Receivable | $8.30 Million | 1.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $29.30 Million | 4.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2000–2024)
This chart illustrates how Africa Oil 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: Africa Oil Corp's current assets represent 12.5% of total assets in 2024, a decrease from 100.0% in 2000.
- Cash Position: Cash and equivalents constituted 10.0% of total assets in 2024, down from 88.7% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 0.0% in 2000.
- Asset Diversification: The largest asset category is intangible assets at 4.8% of total assets.
Africa Oil Corp Competitors by Total Assets
Key competitors of Africa Oil Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aker BP ASA
PINK:AKRBF
|
USA | $42.88 Billion |
|
Jadestone Energy plc
PINK:JDSEF
|
USA | $1.12 Billion |
|
Helium Evolution Incorporated
PINK:HEEVF
|
USA | $21.95 Million |
|
One Step Vending Corp
PINK:KOSK
|
USA | $578.00K |
|
Melbana Energy Ltd
AU:MAY
|
Australia | AU$80.17 Million |
|
Black Rock Petroleum Co
PINK:BKRP
|
USA | $1.39K |
|
West Texas Resources Inc
PINK:WTXR
|
USA | $150.96K |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
Africa Oil 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 - Africa Oil 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 - Africa Oil Corp is currently not profitable relative to its asset base.
Africa Oil 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 | 1.14 | 8.99 | 3.34 |
| Quick Ratio | 0.86 | 8.99 | 3.20 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $47.50 Million | $ 133.40 Million | $ 29.32 Million |
Africa Oil Corp - Advanced Valuation Insights
This section examines the relationship between Africa Oil 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 | 1.07 |
| Latest Market Cap to Assets Ratio | 0.90 |
| Asset Growth Rate (YoY) | -36.3% |
| Total Assets | $615.20 Million |
| Market Capitalization | $553.65 Million USD |
Valuation Analysis
Near Book Valuation: The market values Africa Oil Corp's assets close to their book value ( 0.90x), suggesting investors view the company's assets at approximately fair value.
Significant Asset Reduction: Africa Oil Corp's assets decreased by 36.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Africa Oil Corp (2000–2024)
The table below shows the annual total assets of Africa Oil Corp from 2000 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $615.20 Million | -36.33% |
| 2023-12-31 | $966.20 Million | +5.28% |
| 2022-12-31 | $917.70 Million | -7.45% |
| 2021-12-31 | $991.62 Million | +8.91% |
| 2020-12-31 | $910.50 Million | +12.09% |
| 2019-12-31 | $812.30 Million | -14.84% |
| 2018-12-31 | $953.91 Million | -5.21% |
| 2017-12-31 | $1.01 Billion | -0.06% |
| 2016-12-31 | $1.01 Billion | -8.52% |
| 2015-12-31 | $1.10 Billion | +15.80% |
| 2014-12-31 | $950.55 Million | -3.77% |
| 2013-12-31 | $987.82 Million | +76.57% |
| 2012-12-31 | $559.46 Million | +83.96% |
| 2011-12-31 | $304.11 Million | +71.20% |
| 2010-12-31 | $177.64 Million | +87.56% |
| 2009-12-31 | $94.71 Million | +168.97% |
| 2008-12-31 | $35.21 Million | +40.65% |
| 2007-12-31 | $25.04 Million | +329.93% |
| 2006-12-31 | $5.82 Million | +105.59% |
| 2005-12-31 | $2.83 Million | +2342.57% |
| 2004-12-31 | $115.96K | +30.45% |
| 2003-12-31 | $88.89K | -71.99% |
| 2002-12-31 | $317.40K | +2870.77% |
| 2001-12-31 | $10.68K | -76.57% |
| 2000-12-31 | $45.61K | -- |