Atco Mining Inc.
Atco Mining Inc. engages in the sourcing and exploring of mineral properties in Canada. It holds 100% interest in the Salt properties, which comprises the Eagle Salt and the Adonis projects located in the Province of Newfoundland and Labrador. The company was formerly known as EV Ventures Inc. and changed its name to Atco Mining Inc. in September 2022. Atco Mining Inc. was incorporated in 2021 an… Read more
Atco Mining Inc. (ATMGF) - Total Assets
Latest total assets as of September 2024: $2.42 Million USD
Based on the latest financial reports, Atco Mining Inc. (ATMGF) holds total assets worth $2.42 Million USD as of September 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.
Atco Mining Inc. - Total Assets Trend (2021–2023)
This chart illustrates how Atco Mining Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Atco Mining Inc. - Asset Composition Analysis
Current Asset Composition (December 2023)
Atco Mining Inc.'s total assets of $2.42 Million consist of 69.1% current assets and 30.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 62.1% |
| 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 (2021–2023)
This chart illustrates how Atco Mining 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: Atco Mining Inc.'s current assets represent 69.1% of total assets in 2023, an increase from 67.3% in 2021.
- Cash Position: Cash and equivalents constituted 62.1% of total assets in 2023, down from 65.1% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Atco Mining Inc. Competitors by Total Assets
Key competitors of Atco Mining Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Atco Mining 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 - Atco Mining 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 - Atco Mining Inc. is currently not profitable relative to its asset base.
Atco Mining 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 | 1.16 | 39.96 | 5.00 |
| Quick Ratio | 1.16 | 39.96 | 5.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $33.96K | $ 1.40 Million | $ 221.91K |
Atco Mining Inc. - Advanced Valuation Insights
This section examines the relationship between Atco Mining 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 | 3.62 |
| Latest Market Cap to Assets Ratio | 0.49 |
| Asset Growth Rate (YoY) | 44.8% |
| Total Assets | $1.82 Million |
| Market Capitalization | $895.93K USD |
Valuation Analysis
Below Book Valuation: The market values Atco Mining Inc.'s assets below their book value (0.49 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Atco Mining Inc.'s assets grew by 44.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Atco Mining Inc. (2021–2023)
The table below shows the annual total assets of Atco Mining Inc. from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.82 Million | +44.85% |
| 2022-12-31 | $1.26 Million | +176.90% |
| 2021-12-31 | $454.28K | -- |