Providence Gold Mines Inc
Providence Gold Mines Inc., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties located in Canada and the United States. The company was formerly known as Red Hut Metals Inc. and changed its name to Providence Gold Mines Inc. in July 2017. Providence Gold Mines Inc. was incorporated in 2010 and is based in Surrey, Canada.
Providence Gold Mines Inc (PRRVF) - Total Assets
Latest total assets as of September 2025: $42.63K USD
Based on the latest financial reports, Providence Gold Mines Inc (PRRVF) holds total assets worth $42.63K 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.
Providence Gold Mines Inc - Total Assets Trend (2011–2024)
This chart illustrates how Providence Gold Mines Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Providence Gold Mines Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Providence Gold Mines Inc's total assets of $42.63K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.8% |
| 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 (2011–2024)
This chart illustrates how Providence Gold Mines 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: Providence Gold Mines Inc's current assets represent 100.0% of total assets in 2024, an increase from 48.5% in 2011.
- Cash Position: Cash and equivalents constituted 5.8% of total assets in 2024, down from 45.8% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Providence Gold Mines Inc Competitors by Total Assets
Key competitors of Providence Gold Mines 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 |
|
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 |
Providence Gold Mines 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 - Providence Gold Mines 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 - Providence Gold Mines Inc is currently not profitable relative to its asset base.
Providence Gold Mines 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 | 0.03 | 8.17 |
| Quick Ratio | 0.08 | 0.03 | 8.23 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-228.57K | $ -104.29K | $ 502.93K |
Providence Gold Mines Inc - Advanced Valuation Insights
This section examines the relationship between Providence Gold Mines 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 | 0.66 |
| Latest Market Cap to Assets Ratio | 13.62 |
| Asset Growth Rate (YoY) | -97.7% |
| Total Assets | $60.33K |
| Market Capitalization | $821.89K USD |
Valuation Analysis
Premium Asset Valuation: The market values Providence Gold Mines Inc's assets at a significant premium ( 13.62x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Providence Gold Mines Inc's assets decreased by 97.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Providence Gold Mines Inc (2011–2024)
The table below shows the annual total assets of Providence Gold Mines Inc from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $60.33K | -97.69% |
| 2023-12-31 | $2.61 Million | -0.11% |
| 2022-12-31 | $2.62 Million | -2.46% |
| 2021-12-31 | $2.68 Million | -8.73% |
| 2020-12-31 | $2.94 Million | +36.80% |
| 2019-12-31 | $2.15 Million | +22.05% |
| 2018-12-31 | $1.76 Million | +91.00% |
| 2017-12-31 | $921.58K | +4155.16% |
| 2016-12-31 | $21.66K | -63.89% |
| 2015-12-31 | $59.97K | -94.94% |
| 2014-12-31 | $1.19 Million | +101.79% |
| 2013-12-31 | $587.33K | -24.74% |
| 2012-12-31 | $780.44K | +158.99% |
| 2011-12-31 | $301.34K | -- |