Mining Global Inc
Mining Global Inc., an exploration stage company, operates in the gold mining business. It also explores for precious metals. The company was formerly known as Yaterra Ventures Corp. and changed its name to Mining Global Inc. in August 2014. The company was incorporated in 2006 and is based in West Palm Beach, Florida.
Mining Global Inc (MNGG) - Total Assets
Latest total assets as of November 2023: $13.14K USD
Based on the latest financial reports, Mining Global Inc (MNGG) holds total assets worth $13.14K USD as of November 2023.
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.
Mining Global Inc - Total Assets Trend (2008–2023)
This chart illustrates how Mining Global Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mining Global Inc - Asset Composition Analysis
Current Asset Composition (August 2023)
Mining Global Inc's total assets of $13.14K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 100.0% |
| Accounts Receivable | $0.00 | 0.0% |
| 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 (2008–2023)
This chart illustrates how Mining Global 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: Mining Global Inc's current assets represent 100.0% of total assets in 2023, an increase from 37.0% in 2008.
- Cash Position: Cash and equivalents constituted 100.0% of total assets in 2023, up from 15.7% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2008.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Mining Global Inc Competitors by Total Assets
Key competitors of Mining Global Inc 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 |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
Mining Global 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 - Mining Global 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 - Mining Global Inc is currently not profitable relative to its asset base.
Mining Global 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 | 0.08 | 1.60 | 0.02 |
| Quick Ratio | 0.08 | 1.60 | 0.02 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-159.76K | $ 319.46K | $ -235.79K |
Mining Global Inc - Advanced Valuation Insights
This section examines the relationship between Mining Global 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 | 2.36 |
| Latest Market Cap to Assets Ratio | 35.43 |
| Asset Growth Rate (YoY) | 0.0% |
| Total Assets | $20.36K |
| Market Capitalization | $721.51K USD |
Valuation Analysis
Premium Asset Valuation: The market values Mining Global Inc's assets at a significant premium ( 35.43x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: Mining Global Inc's assets decreased by 0.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Mining Global Inc (2008–2023)
The table below shows the annual total assets of Mining Global Inc from 2008 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-08-31 | $20.36K | -- |
| 2022-08-31 | $0.00 | -- |
| 2021-08-31 | $1.44 Million | +91.97% |
| 2020-08-31 | $747.95K | -1.41% |
| 2019-08-31 | $758.65K | -3.50% |
| 2018-08-31 | $786.14K | +7.48% |
| 2015-08-31 | $731.42K | +1850.45% |
| 2013-08-31 | $37.50K | 0.00% |
| 2012-08-31 | $37.50K | +67.71% |
| 2011-08-31 | $22.36K | -8.78% |
| 2010-08-31 | $24.51K | -1.47% |
| 2009-08-31 | $24.88K | +127.58% |
| 2008-08-31 | $10.93K | -- |