Ready Set Gold Corp
Newpath Resources Inc. engages in the acquisition, exploration, evaluation, and development of mineral resource properties in Canada. It primarily explores for gold and lithium deposits. The company was formerly known as Ready Set Gold Corp. Newpath Resources Inc. was incorporated in 2006 and is headquartered in Vancouver, Canada.
Ready Set Gold Corp (RDYFF) - Total Assets
Latest total assets as of October 2025: $137.45K USD
Based on the latest financial reports, Ready Set Gold Corp (RDYFF) holds total assets worth $137.45K USD as of October 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.
Ready Set Gold Corp - Total Assets Trend (2016–2025)
This chart illustrates how Ready Set Gold Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ready Set Gold Corp - Asset Composition Analysis
Current Asset Composition (April 2025)
Ready Set Gold Corp's total assets of $137.45K consist of 91.4% current assets and 8.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 73.2% |
| Accounts Receivable | $12.16K | 6.3% |
| 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 (2016–2025)
This chart illustrates how Ready Set 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: Ready Set Gold Corp's current assets represent 91.4% of total assets in 2025, an increase from 17.8% in 2016.
- Cash Position: Cash and equivalents constituted 73.2% of total assets in 2025, up from 4.6% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 1.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 6.3% of total assets.
Ready Set Gold Corp Competitors by Total Assets
Key competitors of Ready Set 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 |
Ready Set 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 - Ready Set 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 - Ready Set Gold Corp is currently not profitable relative to its asset base.
Ready Set 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 | 0.02 | 0.07 | 3.16 |
| Quick Ratio | 0.02 | 0.07 | 3.16 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-4.18 Million | $ -3.37 Million | $ 1.16 Million |
Ready Set Gold Corp - Advanced Valuation Insights
This section examines the relationship between Ready Set 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 | 2.81 |
| Latest Market Cap to Assets Ratio | 1.90 |
| Asset Growth Rate (YoY) | -87.9% |
| Total Assets | $194.47K |
| Market Capitalization | $369.35K USD |
Valuation Analysis
Above Book Valuation: The market values Ready Set Gold Corp's assets above their book value (1.90 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Ready Set Gold Corp's assets decreased by 87.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ready Set Gold Corp (2016–2025)
The table below shows the annual total assets of Ready Set Gold Corp from 2016 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-04-30 | $194.47K | -87.95% |
| 2024-04-30 | $1.61 Million | +12.68% |
| 2023-04-30 | $1.43 Million | -30.98% |
| 2022-04-30 | $2.07 Million | -74.01% |
| 2021-04-30 | $7.98 Million | +746.17% |
| 2020-04-30 | $943.37K | -67.84% |
| 2019-04-30 | $2.93 Million | -30.81% |
| 2018-04-30 | $4.24 Million | +178.51% |
| 2017-04-30 | $1.52 Million | -12.90% |
| 2016-04-30 | $1.75 Million | -- |