Fortune Minerals Limited
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories and Lamont County consists of 76.78 acre… Read more
Fortune Minerals Limited (FTMDF) - Total Assets
Latest total assets as of September 2025: $6.97 Million USD
Based on the latest financial reports, Fortune Minerals Limited (FTMDF) holds total assets worth $6.97 Million 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.
Fortune Minerals Limited - Total Assets Trend (1996–2024)
This chart illustrates how Fortune Minerals Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Fortune Minerals Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
Fortune Minerals Limited's total assets of $6.97 Million consist of 51.4% current assets and 48.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 33.1% |
| Accounts Receivable | $730.28K | 15.2% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $2.56K | 0.1% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1996–2024)
This chart illustrates how Fortune Minerals Limited'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: Fortune Minerals Limited's current assets represent 51.4% of total assets in 2024, a decrease from 85.5% in 1996.
- Cash Position: Cash and equivalents constituted 33.1% of total assets in 2024, down from 41.8% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1996.
- Asset Diversification: The largest asset category is accounts receivable at 15.2% of total assets.
Fortune Minerals Limited Competitors by Total Assets
Key competitors of Fortune Minerals Limited 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 |
Fortune Minerals Limited - 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 - Fortune Minerals Limited 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 - Fortune Minerals Limited is currently not profitable relative to its asset base.
Fortune Minerals Limited - 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 | 0.22 | 0.39 | 2.46 |
| Quick Ratio | 0.22 | 0.39 | 2.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-13.76 Million | $ -1.71 Million | $ 728.51K |
Fortune Minerals Limited - Advanced Valuation Insights
This section examines the relationship between Fortune Minerals Limited'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 | 0.41 |
| Latest Market Cap to Assets Ratio | 4.59 |
| Asset Growth Rate (YoY) | 208.5% |
| Total Assets | $4.82 Million |
| Market Capitalization | $22.10 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Fortune Minerals Limited's assets at a significant premium ( 4.59x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Fortune Minerals Limited's assets grew by 208.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Fortune Minerals Limited (1996–2024)
The table below shows the annual total assets of Fortune Minerals Limited from 1996 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $4.82 Million | +208.49% |
| 2023-12-31 | $1.56 Million | -96.64% |
| 2022-12-31 | $46.45 Million | -40.91% |
| 2021-12-31 | $78.61 Million | +2.97% |
| 2020-12-31 | $76.34 Million | -0.62% |
| 2019-12-31 | $76.81 Million | -1.93% |
| 2018-12-31 | $78.33 Million | -1.60% |
| 2017-12-31 | $79.60 Million | +15.14% |
| 2016-12-31 | $69.13 Million | +1.73% |
| 2015-12-31 | $67.96 Million | -62.64% |
| 2014-12-31 | $181.91 Million | +58.89% |
| 2013-12-31 | $114.49 Million | -23.45% |
| 2012-12-31 | $149.57 Million | -4.15% |
| 2011-12-31 | $156.05 Million | +21.99% |
| 2010-12-31 | $127.92 Million | +3.39% |
| 2009-12-31 | $123.73 Million | +24.62% |
| 2008-12-31 | $99.29 Million | +9.89% |
| 2007-12-31 | $90.35 Million | +50.00% |
| 2006-12-31 | $60.24 Million | +25.88% |
| 2005-12-31 | $47.85 Million | +18.30% |
| 2004-12-31 | $40.45 Million | +129.01% |
| 2003-12-31 | $17.66 Million | +39.59% |
| 2002-12-31 | $12.65 Million | +8.56% |
| 2001-12-31 | $11.66 Million | -2.68% |
| 2000-12-31 | $11.98 Million | -2.62% |
| 1999-12-31 | $12.30 Million | +7.89% |
| 1998-12-31 | $11.40 Million | +35.71% |
| 1997-12-31 | $8.40 Million | +52.73% |
| 1996-12-31 | $5.50 Million | -- |