Global Gold Corporation
Global Gold Corporation engages in the exploration, development, and mining of gold, silver, and other minerals in Armenia and Chile. The company holds an interest in The Toukhmanuk Property, located in the north central Armenian belt, covering an area of 53.76 square kilometers, as well as 100% interest in the Marjan property located in southwestern Armenia, covering an area of 19.6 square kilom… Read more
Global Gold Corporation (GBGD) - Total Assets
Latest total assets as of June 2017: $2.55 Million USD
Based on the latest financial reports, Global Gold Corporation (GBGD) holds total assets worth $2.55 Million USD as of June 2017.
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.
Global Gold Corporation - Total Assets Trend (2001–2023)
This chart illustrates how Global Gold Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Global Gold Corporation - Asset Composition Analysis
Current Asset Composition (December 2023)
Global Gold Corporation's total assets of $2.55 Million consist of 28.2% current assets and 71.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.2% |
| Accounts Receivable | $56.62K | 2.3% |
| Inventory | $596.05K | 24.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2001–2023)
This chart illustrates how Global Gold Corporation'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: Global Gold Corporation's current assets represent 28.2% of total assets in 2023, an increase from 15.6% in 2001.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2023, down from 15.6% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2001.
- Asset Diversification: The largest asset category is inventory at 24.5% of total assets.
Global Gold Corporation Competitors by Total Assets
Key competitors of Global Gold Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Global Gold Corporation - 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 - Global Gold Corporation 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 - Global Gold Corporation is currently not profitable relative to its asset base.
Global Gold Corporation - 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 | 0.04 | 0.04 | 0.12 |
| Quick Ratio | 0.01 | 0.01 | 0.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-20.17 Million | $ -17.61 Million | $ -6.21 Million |
Global Gold Corporation - Advanced Valuation Insights
This section examines the relationship between Global Gold Corporation'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) | -10.0% |
| Total Assets | $2.43 Million |
| Market Capitalization | $163.00 USD |
Valuation Analysis
Below Book Valuation: The market values Global Gold Corporation's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Global Gold Corporation's assets decreased by 10.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Global Gold Corporation (2001–2023)
The table below shows the annual total assets of Global Gold Corporation from 2001 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $2.43 Million | -9.98% |
| 2022-12-31 | $2.70 Million | +12.92% |
| 2021-12-31 | $2.39 Million | -5.97% |
| 2016-12-31 | $2.54 Million | -3.05% |
| 2015-12-31 | $2.62 Million | -15.19% |
| 2014-12-31 | $3.09 Million | +27.82% |
| 2013-12-31 | $2.42 Million | -28.86% |
| 2012-12-31 | $3.40 Million | -8.57% |
| 2011-12-31 | $3.72 Million | -38.08% |
| 2010-12-31 | $6.01 Million | -3.92% |
| 2009-12-31 | $6.26 Million | -23.85% |
| 2008-12-31 | $8.22 Million | -14.56% |
| 2007-12-31 | $9.62 Million | -37.83% |
| 2006-12-31 | $15.47 Million | +258.65% |
| 2005-12-31 | $4.31 Million | +194.50% |
| 2004-12-31 | $1.46 Million | +153.69% |
| 2003-12-31 | $577.28K | +549.51% |
| 2001-12-31 | $88.88K | -- |