Ridgestone Mining Inc
Ridgestone Mining Inc. engages in the identification, acquisition, exploration, and development of mineral projects in Mexico. Its flagship property includes the Alaska copper-gold property that comprises 10 mining concessions covering an area of 3,292 hectares located in Sonora, Mexico. The company was incorporated in 2017 and is based in Vancouver, Canada.
Ridgestone Mining Inc (RIGMF) - Total Assets
Latest total assets as of September 2025: $933.46K USD
Based on the latest financial reports, Ridgestone Mining Inc (RIGMF) holds total assets worth $933.46K 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.
Ridgestone Mining Inc - Total Assets Trend (2017–2024)
This chart illustrates how Ridgestone Mining Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ridgestone Mining Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Ridgestone Mining Inc's total assets of $933.46K consist of 10.5% current assets and 89.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.3% |
| Accounts Receivable | $8.74K | 0.6% |
| 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 (2017–2024)
This chart illustrates how Ridgestone Mining 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: Ridgestone Mining Inc's current assets represent 10.5% of total assets in 2024, a decrease from 79.9% in 2017.
- Cash Position: Cash and equivalents constituted 8.3% of total assets in 2024, down from 79.7% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 0.6% of total assets.
Ridgestone Mining Inc Competitors by Total Assets
Key competitors of Ridgestone Mining Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Great Quest Fertilizer Ltd
PINK:GQMLF
|
USA | $127.20K |
|
GRDV
PINK:GRDV
|
USA | $273.00 |
|
Napier Ventures Inc
PINK:NPRVF
|
USA | $66.28 |
|
Placer Creek Mining
OTCGREY:PRCK
|
USA | $692.65K |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426
|
China | CN¥17.51 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 |
Ridgestone Mining 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 - Ridgestone Mining 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 - Ridgestone Mining Inc is currently not profitable relative to its asset base.
Ridgestone Mining 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 | 0.09 | 0.36 | 0.15 |
| Quick Ratio | 0.09 | 0.36 | 0.19 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-424.42K | $ -310.96K | $ -611.84K |
Ridgestone Mining Inc - Advanced Valuation Insights
This section examines the relationship between Ridgestone Mining 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 | 10.40 |
| Latest Market Cap to Assets Ratio | 0.69 |
| Asset Growth Rate (YoY) | -11.7% |
| Total Assets | $1.39 Million |
| Market Capitalization | $951.07K USD |
Valuation Analysis
Below Book Valuation: The market values Ridgestone Mining Inc's assets below their book value (0.69 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Ridgestone Mining Inc's assets decreased by 11.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ridgestone Mining Inc (2017–2024)
The table below shows the annual total assets of Ridgestone Mining Inc from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.39 Million | -11.66% |
| 2023-12-31 | $1.57 Million | -43.28% |
| 2022-12-31 | $2.77 Million | +5.87% |
| 2021-12-31 | $2.62 Million | +26.91% |
| 2020-12-31 | $2.06 Million | +11.57% |
| 2019-12-31 | $1.85 Million | +63.07% |
| 2018-12-31 | $1.13 Million | -31.38% |
| 2017-12-31 | $1.65 Million | -- |