Premium Nickel Resources Ltd.
Premium Nickel Resources Ltd., through its subsidiaries, engages in acquisition, exploration, and evaluation of mineral properties in Botswana, Greenland, and Canada. It primarily explores for nickel, copper, cobalt, and platinum group metals deposits. The company is headquartered in Toronto, Canada.
Premium Nickel Resources Ltd. (PNRLF) - Total Assets
Latest total assets as of September 2024: $37.29 Million USD
Based on the latest financial reports, Premium Nickel Resources Ltd. (PNRLF) holds total assets worth $37.29 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.
Premium Nickel Resources Ltd. - Total Assets Trend (2020–2023)
This chart illustrates how Premium Nickel Resources Ltd.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Premium Nickel Resources Ltd. - Asset Composition Analysis
Current Asset Composition (December 2023)
Premium Nickel Resources Ltd.'s total assets of $37.29 Million consist of 27.1% current assets and 72.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 25.2% |
| Accounts Receivable | $532.84K | 0.7% |
| Inventory | $160.06K | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how Premium Nickel 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: Premium Nickel Resources Ltd.'s current assets represent 27.1% of total assets in 2023, an increase from 1.1% in 2020.
- Cash Position: Cash and equivalents constituted 25.2% of total assets in 2023, up from 0.8% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
Premium Nickel Resources Ltd. Competitors by Total Assets
Key competitors of Premium Nickel Resources Ltd. 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 |
Premium Nickel 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 - Premium Nickel 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 - Premium Nickel Resources Ltd. is currently not profitable relative to its asset base.
Premium Nickel 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 | 3.70 | 2.23 | 4.68 |
| Quick Ratio | 3.49 | 2.23 | 4.68 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $15.09 Million | $ 4.56 Million | $ 1.77 Million |
Premium Nickel Resources Ltd. - Advanced Valuation Insights
This section examines the relationship between Premium Nickel 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 | 9.44 |
| Latest Market Cap to Assets Ratio | 0.75 |
| Asset Growth Rate (YoY) | 83.3% |
| Total Assets | $76.37 Million |
| Market Capitalization | $56.95 Million USD |
Valuation Analysis
Below Book Valuation: The market values Premium Nickel Resources Ltd.'s assets below their book value (0.75 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Premium Nickel Resources Ltd.'s assets grew by 83.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Premium Nickel Resources Ltd. (2020–2023)
The table below shows the annual total assets of Premium Nickel Resources Ltd. from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $76.37 Million | +83.33% |
| 2022-12-31 | $41.66 Million | -0.06% |
| 2021-12-31 | $41.68 Million | +5.14% |
| 2020-12-31 | $39.64 Million | -- |