Serrano Resources Ltd
Serrano Resources Ltd. does not have significant operation. Previously, it was engaged in the exploration and evaluation of oil and gas properties. It intends to acquire potential business. The company was formerly known as Mira Resources Corp. and changed its name to Serrano Resources Ltd. in June 2015. Serrano Resources Ltd. is based in Vancouver, Canada.
Serrano Resources Ltd (MIRXF) - Total Assets
Latest total assets as of September 2025: $1.97K USD
Based on the latest financial reports, Serrano Resources Ltd (MIRXF) holds total assets worth $1.97K 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.
Serrano Resources Ltd - Total Assets Trend (2013–2024)
This chart illustrates how Serrano Resources Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Serrano Resources Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Serrano Resources Ltd's total assets of $1.97K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 87.0% |
| Accounts Receivable | $517.00 | 13.0% |
| 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 (2013–2024)
This chart illustrates how Serrano 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: Serrano Resources Ltd's current assets represent 100.0% of total assets in 2024, an increase from 16.2% in 2013.
- Cash Position: Cash and equivalents constituted 87.0% of total assets in 2024, up from 12.5% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 13.0% of total assets.
Serrano Resources Ltd Competitors by Total Assets
Key competitors of Serrano Resources Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Serrano 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 - Serrano 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 - Serrano Resources Ltd is currently not profitable relative to its asset base.
Serrano 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 | 0.00 | 0.01 | 0.04 |
| Quick Ratio | 0.00 | 0.01 | 0.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-488.06K | $ -440.50K | $ -264.91K |
Serrano Resources Ltd - Advanced Valuation Insights
This section examines the relationship between Serrano 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 | - |
| Latest Market Cap to Assets Ratio | 349.30 |
| Asset Growth Rate (YoY) | 31.4% |
| Total Assets | $3.97K |
| Market Capitalization | $1.39 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Serrano Resources Ltd's assets at a significant premium ( 349.30x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Serrano Resources Ltd's assets grew by 31.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Serrano Resources Ltd (2013–2024)
The table below shows the annual total assets of Serrano Resources Ltd from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $3.97K | +31.37% |
| 2023-12-31 | $3.02K | +2.76% |
| 2022-12-31 | $2.94K | -33.57% |
| 2021-12-31 | $4.42K | -54.54% |
| 2020-12-31 | $9.73K | +9.71% |
| 2019-12-31 | $8.87K | -88.57% |
| 2018-12-31 | $77.56K | +8.87% |
| 2017-12-31 | $71.24K | -1.67% |
| 2016-12-31 | $72.45K | -1.23% |
| 2015-12-31 | $73.36K | +1.02% |
| 2014-12-31 | $72.62K | -27.29% |
| 2013-12-31 | $99.88K | -- |