Midnight Sun Mining Corp
Midnight Sun Mining Corp. acquires and explores mineral properties in Africa. The company primarily explores for copper, cobalt, nickel, and gold deposits. Its flagship project is the Solwezi Project located in Zambia. The company was formerly known as Midnight Sun Capital Corporation and changed its name to Midnight Sun Mining Corp. in February 2011. Midnight Sun Mining Corp. was incorporated in… Read more
Midnight Sun Mining Corp (MDNGF) - Total Assets
Latest total assets as of September 2025: $23.30 Million USD
Based on the latest financial reports, Midnight Sun Mining Corp (MDNGF) holds total assets worth $23.30 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.
Midnight Sun Mining Corp - Total Assets Trend (2007–2024)
This chart illustrates how Midnight Sun Mining Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Midnight Sun Mining Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Midnight Sun Mining Corp's total assets of $23.30 Million consist of 36.6% current assets and 63.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 24.2% |
| Accounts Receivable | $11.03K | 0.1% |
| 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 (2007–2024)
This chart illustrates how Midnight Sun Mining 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: Midnight Sun Mining Corp's current assets represent 36.6% of total assets in 2024, a decrease from 81.0% in 2007.
- Cash Position: Cash and equivalents constituted 24.2% of total assets in 2024, down from 80.3% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 0.1% of total assets.
Midnight Sun Mining Corp Competitors by Total Assets
Key competitors of Midnight Sun Mining 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 |
Midnight Sun Mining 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
Lower asset utilization - Midnight Sun Mining Corp 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 - Midnight Sun Mining Corp is currently not profitable relative to its asset base.
Midnight Sun Mining 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 | 18.26 | 45.60 | 11.33 |
| Quick Ratio | 18.26 | 45.60 | 11.21 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $8.79 Million | $ 7.93 Million | $ 2.08 Million |
Midnight Sun Mining Corp - Advanced Valuation Insights
This section examines the relationship between Midnight Sun Mining 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 | 14.03 |
| Latest Market Cap to Assets Ratio | 4.53 |
| Asset Growth Rate (YoY) | 57.6% |
| Total Assets | $21.99 Million |
| Market Capitalization | $99.54 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Midnight Sun Mining Corp's assets at a significant premium ( 4.53x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Midnight Sun Mining Corp's assets grew by 57.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Midnight Sun Mining Corp (2007–2024)
The table below shows the annual total assets of Midnight Sun Mining Corp from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $21.99 Million | +57.56% |
| 2023-12-31 | $13.96 Million | +30.51% |
| 2022-12-31 | $10.69 Million | -48.52% |
| 2021-12-31 | $20.78 Million | +3.66% |
| 2020-12-31 | $20.04 Million | +5.85% |
| 2019-12-31 | $18.94 Million | +65.29% |
| 2018-12-31 | $11.46 Million | +21.86% |
| 2017-12-31 | $9.40 Million | +245.24% |
| 2016-12-31 | $2.72 Million | +130.46% |
| 2015-12-31 | $1.18 Million | +25.80% |
| 2014-12-31 | $939.29K | +79.82% |
| 2013-12-31 | $522.35K | -65.24% |
| 2012-12-31 | $1.50 Million | +232.99% |
| 2011-12-31 | $451.33K | -23.08% |
| 2010-12-31 | $586.71K | +112.69% |
| 2009-12-31 | $275.85K | -21.73% |
| 2008-12-31 | $352.45K | +21.60% |
| 2007-12-31 | $289.85K | -- |