Nevada Canyon Gold Corp
Nevada Canyon Gold Corp., a natural resource company, engages in the exploration, development, and production of mineral resources. It primarily explores for gold deposits. The company holds interests in the Lazy Claims property that consist of three claims covering approximately 60 acres located in Mineral County, Nevada; the Loman property, which includes 27 unpatented mining claims covering an… Read more
Nevada Canyon Gold Corp (NGLD) - Total Assets
Latest total assets as of September 2024: $10.79 Million USD
Based on the latest financial reports, Nevada Canyon Gold Corp (NGLD) holds total assets worth $10.79 Million USD as of September 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.
Nevada Canyon Gold Corp - Total Assets Trend (2014–2023)
This chart illustrates how Nevada Canyon Gold Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nevada Canyon Gold Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
Nevada Canyon Gold Corp's total assets of $10.79 Million consist of 92.5% current assets and 7.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 87.6% |
| 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 (2014–2023)
This chart illustrates how Nevada Canyon Gold 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: Nevada Canyon Gold Corp's current assets represent 92.5% of total assets in 2023, a decrease from 100.0% in 2014.
- Cash Position: Cash and equivalents constituted 87.6% of total assets in 2023, down from 89.7% 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 goodwill at 0.0% of total assets.
Nevada Canyon Gold Corp Competitors by Total Assets
Key competitors of Nevada Canyon Gold Corp 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 |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Nevada Canyon Gold 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 - Nevada Canyon Gold 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 - Nevada Canyon Gold Corp is currently not profitable relative to its asset base.
Nevada Canyon Gold 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 | 6.20 | 8.22 | 0.26 |
| Quick Ratio | 6.20 | 8.22 | 0.26 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $6.64 Million | $ 9.18 Million | $ -1.06 Million |
Nevada Canyon Gold Corp - Advanced Valuation Insights
This section examines the relationship between Nevada Canyon Gold 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 | 2.13 |
| Latest Market Cap to Assets Ratio | 1.81 |
| Asset Growth Rate (YoY) | 488.8% |
| Total Assets | $11.12 Million |
| Market Capitalization | $20.11 Million USD |
Valuation Analysis
Above Book Valuation: The market values Nevada Canyon Gold Corp's assets above their book value (1.81 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Nevada Canyon Gold Corp's assets grew by 488.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Nevada Canyon Gold Corp (2014–2023)
The table below shows the annual total assets of Nevada Canyon Gold Corp from 2014 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $11.12 Million | +488.76% |
| 2022-12-31 | $1.89 Million | -7.01% |
| 2021-12-31 | $2.03 Million | +19.50% |
| 2020-12-31 | $1.70 Million | +20.63% |
| 2019-12-31 | $1.41 Million | +52.23% |
| 2018-12-31 | $925.78K | -34.76% |
| 2017-12-31 | $1.42 Million | +976.60% |
| 2016-12-31 | $131.80K | +25.60% |
| 2015-12-31 | $104.94K | +15.30% |
| 2014-12-31 | $91.01K | -- |