Magna Mining Inc
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, gold, and platinum group metal deposits. Its flagship properties include the Shakespeare Mine located in Sudbury, Canada having 84% interest; and the Crean Hill Project located in Sudbury, Canada having 100% interest. Magna Mining I… Read more
Magna Mining Inc (MGMNF) - Total Assets
Latest total assets as of December 2024: $39.57 Million USD
Based on the latest financial reports, Magna Mining Inc (MGMNF) holds total assets worth $39.57 Million USD as of December 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.
Magna Mining Inc - Total Assets Trend (2014–2024)
This chart illustrates how Magna Mining Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Magna Mining Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Magna Mining Inc's total assets of $39.57 Million consist of 53.1% current assets and 46.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 44.3% |
| Accounts Receivable | $3.03 Million | 7.7% |
| 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 (2014–2024)
This chart illustrates how Magna Mining 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: Magna Mining Inc's current assets represent 53.1% of total assets in 2024, a decrease from 100.0% in 2014.
- Cash Position: Cash and equivalents constituted 44.3% of total assets in 2024, down from 86.5% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is accounts receivable at 7.7% of total assets.
Magna Mining Inc Competitors by Total Assets
Key competitors of Magna Mining Inc 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 |
Magna Mining 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 - Magna Mining Inc 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 - Magna Mining Inc is currently not profitable relative to its asset base.
Magna Mining 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 | 5.77 | 2.60 | 0.30 |
| Quick Ratio | 5.77 | 2.60 | 0.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $17.37 Million | $ 7.35 Million | $ -511.26K |
Magna Mining Inc - Advanced Valuation Insights
This section examines the relationship between Magna Mining 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 | 8.43 |
| Latest Market Cap to Assets Ratio | 3.94 |
| Asset Growth Rate (YoY) | 209.9% |
| Total Assets | $39.57 Million |
| Market Capitalization | $155.82 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Magna Mining Inc's assets at a significant premium ( 3.94x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Magna Mining Inc's assets grew by 209.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Magna Mining Inc (2014–2024)
The table below shows the annual total assets of Magna Mining Inc from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $39.57 Million | +209.94% |
| 2023-12-31 | $12.77 Million | +65.90% |
| 2022-12-31 | $7.70 Million | +10.12% |
| 2021-12-31 | $6.99 Million | +154.72% |
| 2020-12-31 | $2.74 Million | +147810.35% |
| 2019-12-31 | $1.85K | -21.60% |
| 2018-12-31 | $2.37K | -96.77% |
| 2017-12-31 | $73.23K | +306.27% |
| 2016-12-31 | $18.03K | -73.78% |
| 2015-12-31 | $68.75K | -60.91% |
| 2014-12-31 | $175.86K | -- |