Cabo Drilling Corp
Cabo Drilling Corp., a drilling services company, provides contract drilling services to major, mid-tier, and junior mining and mineral exploration companies in Canada, Greece, Panama, Colombia, Albania, Kosovo, and the United States. Its services include surface and underground coring, directional, reverse circulation, and geotechnical drilling. The company also offers tree falling and clearing … Read more
Cabo Drilling Corp (CBEEF) - Total Assets
Latest total assets as of March 2018: $13.86 Million USD
Based on the latest financial reports, Cabo Drilling Corp (CBEEF) holds total assets worth $13.86 Million USD as of March 2018.
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.
Cabo Drilling Corp - Total Assets Trend (2012–2017)
This chart illustrates how Cabo Drilling Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Cabo Drilling Corp - Asset Composition Analysis
Current Asset Composition (June 2017)
Cabo Drilling Corp's total assets of $13.86 Million consist of 69.6% current assets and 30.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.3% |
| Accounts Receivable | $1.70 Million | 13.0% |
| Inventory | $6.56 Million | 50.1% |
| Property, Plant & Equipment | $4.84 Million | 37.0% |
| Intangible Assets | $144.77K | 1.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2012–2017)
This chart illustrates how Cabo Drilling 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: Cabo Drilling Corp's current assets represent 69.6% of total assets in 2017, an increase from 0.0% in 2012.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2017, down from 2.2% in 2012.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2012.
- Asset Diversification: The largest asset category is inventory at 50.1% of total assets.
Cabo Drilling Corp Competitors by Total Assets
Key competitors of Cabo Drilling Corp 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 |
Cabo Drilling 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
Moderate asset utilization - Cabo Drilling Corp generates 0.70x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Cabo Drilling Corp is currently not profitable relative to its asset base.
Cabo Drilling 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 | 0.79 | 1.06 | 0.00 |
| Quick Ratio | 0.14 | 0.18 | -1.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.48 Million | $ 521.51K | $ -8.73 Million |
Cabo Drilling Corp - Advanced Valuation Insights
This section examines the relationship between Cabo Drilling 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -18.1% |
| Total Assets | $13.09 Million |
| Market Capitalization | $8.91K USD |
Valuation Analysis
Below Book Valuation: The market values Cabo Drilling Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Cabo Drilling Corp's assets decreased by 18.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Cabo Drilling Corp (2012–2017)
The table below shows the annual total assets of Cabo Drilling Corp from 2012 to 2017.
| Year | Total Assets | Change |
|---|---|---|
| 2017-06-30 | $13.09 Million | -18.12% |
| 2016-06-30 | $15.99 Million | -33.87% |
| 2015-06-30 | $24.18 Million | -23.98% |
| 2014-06-30 | $31.80 Million | -11.11% |
| 2013-06-30 | $35.77 Million | -14.26% |
| 2012-06-30 | $41.72 Million | -- |