Golden Ridge Resources Ltd
Golden Ridge Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold, silver, copper, lead, zinc deposits. It holds 100% interest in the Hank Project consists of 4 claims covering an area of 1,700 hectares located in the Golden Triangle district of British Colombia; and100% interest in the Williams Gold Prope… Read more
Golden Ridge Resources Ltd (GORIF) - Total Assets
Latest total assets as of March 2025: $6.02 Million USD
Based on the latest financial reports, Golden Ridge Resources Ltd (GORIF) holds total assets worth $6.02 Million USD as of March 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.
Golden Ridge Resources Ltd - Total Assets Trend (2011–2024)
This chart illustrates how Golden Ridge Resources Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Golden Ridge Resources Ltd - Asset Composition Analysis
Current Asset Composition (June 2024)
Golden Ridge Resources Ltd's total assets of $6.02 Million consist of 45.8% current assets and 54.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 21.1% |
| Accounts Receivable | $34.60K | 0.6% |
| 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 (2011–2024)
This chart illustrates how Golden Ridge Resources Ltd'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: Golden Ridge Resources Ltd's current assets represent 45.8% of total assets in 2024, a decrease from 99.9% in 2011.
- Cash Position: Cash and equivalents constituted 21.1% of total assets in 2024, down from 99.9% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 0.6% of total assets.
Golden Ridge Resources Ltd Competitors by Total Assets
Key competitors of Golden Ridge Resources Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Golden Ridge Resources Ltd - 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 - Golden Ridge Resources Ltd 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 - Golden Ridge Resources Ltd is currently not profitable relative to its asset base.
Golden Ridge Resources Ltd - 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 | 15.62 | 34.37 | 7.61 |
| Quick Ratio | 15.62 | 34.37 | 8.97 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.38 Million | $ 2.68 Million | $ 1.05 Million |
Golden Ridge Resources Ltd - Advanced Valuation Insights
This section examines the relationship between Golden Ridge Resources Ltd'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 | 0.76 |
| Latest Market Cap to Assets Ratio | 0.42 |
| Asset Growth Rate (YoY) | -5.7% |
| Total Assets | $6.05 Million |
| Market Capitalization | $2.55 Million USD |
Valuation Analysis
Below Book Valuation: The market values Golden Ridge Resources Ltd's assets below their book value (0.42 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Golden Ridge Resources Ltd's assets decreased by 5.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Golden Ridge Resources Ltd (2011–2024)
The table below shows the annual total assets of Golden Ridge Resources Ltd from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | $6.05 Million | -5.67% |
| 2023-06-30 | $6.42 Million | -25.43% |
| 2022-06-30 | $8.61 Million | +8.78% |
| 2021-06-30 | $7.91 Million | -9.55% |
| 2020-06-30 | $8.75 Million | -9.25% |
| 2019-06-30 | $9.64 Million | +61.70% |
| 2018-06-30 | $5.96 Million | +2086.90% |
| 2017-06-30 | $272.60K | +4310.97% |
| 2016-06-30 | $6.18K | -97.81% |
| 2015-06-30 | $282.00K | +220.70% |
| 2014-06-30 | $87.93K | -71.50% |
| 2013-06-30 | $308.51K | -32.05% |
| 2012-06-30 | $454.05K | -53.14% |
| 2011-06-30 | $969.04K | -- |