Eastern Goldfields Inc
Eastern Goldfields, Inc., through its subsidiaries, engages in the acquisition, development, exploration, and mining of gold properties. Its mining operations are located primarily in the Barberton Greenstone Belt area of the Mpumalanga Province, South Africa. The company is based in San Diego, California.
Eastern Goldfields Inc (EGDD) - Total Assets
Latest total assets as of March 2024: $1.07 Million USD
Based on the latest financial reports, Eastern Goldfields Inc (EGDD) holds total assets worth $1.07 Million USD as of March 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.
Eastern Goldfields Inc - Total Assets Trend (2004–2023)
This chart illustrates how Eastern Goldfields Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Eastern Goldfields Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Eastern Goldfields Inc's total assets of $1.07 Million consist of 0.0% current assets and 100.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| 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 (2004–2023)
This chart illustrates how Eastern Goldfields 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: Eastern Goldfields Inc's current assets represent 0.0% of total assets in 2023, a decrease from 5.6% in 2004.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, down from 0.3% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2004.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Eastern Goldfields Inc Competitors by Total Assets
Key competitors of Eastern Goldfields Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aldel Financial II Inc. Class A Ordinary Shares
NASDAQ:ALDF
|
USA | $239.11 Million |
|
ChampionsGate Acquisition Corp
NASDAQ:CHPGU
|
USA | $76.27 Million |
|
Atlas Resources International Inc
PINK:ALSI
|
USA | $6.96K |
|
Itokk Inc
PINK:IKTO
|
USA | $2.24 Million |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
|
Aloys Inc.
KQ:297570
|
Korea | ₩111.17 Billion |
|
Nh Special Purpose Acquisition 14 Co. Ltd
KQ:319400
|
Korea | ₩255.48 Billion |
Eastern Goldfields 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 - Eastern Goldfields Inc generates 0.23x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Eastern Goldfields Inc is currently not profitable relative to its asset base.
Eastern Goldfields 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 | 0.00 | 0.00 | 0.07 |
| Quick Ratio | 0.00 | 0.00 | 0.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-111.84K | $ -70.39K | $ -16.40 Million |
Eastern Goldfields Inc - Advanced Valuation Insights
This section examines the relationship between Eastern Goldfields 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 | 0.62 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 3358021.9% |
| Total Assets | $1.07 Million |
| Market Capitalization | $72.22 USD |
Valuation Analysis
Below Book Valuation: The market values Eastern Goldfields Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Eastern Goldfields Inc's assets grew by 3358021.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Eastern Goldfields Inc (2004–2023)
The table below shows the annual total assets of Eastern Goldfields Inc from 2004 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.07 Million | +3358021.88% |
| 2022-12-31 | $32.00 | -100.00% |
| 2008-12-31 | $29.55 Million | +75.86% |
| 2007-12-31 | $16.81 Million | +36.91% |
| 2006-12-31 | $12.28 Million | +8.34% |
| 2005-12-31 | $11.33 Million | +12.60% |
| 2004-12-31 | $10.06 Million | -- |