Reno Gold Corporation
Reno Gold Corporation discovers, explores, and produces precious metal properties in the United States. The company explores for gold and silver in its property. Reno Gold Corporation was formerly known as Micromedx, Inc. and changed its name to Reno Gold Corporation in January 2005. The company was founded in 1997 and is based in Concord, Canada.
Reno Gold Corporation (RNGG) - Total Assets
Latest total assets as of November 2003: $83.67K USD
Based on the latest financial reports, Reno Gold Corporation (RNGG) holds total assets worth $83.67K USD as of November 2003.
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.
Reno Gold Corporation - Total Assets Trend (2002–2003)
This chart illustrates how Reno Gold Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Reno Gold Corporation - Asset Composition Analysis
Current Asset Composition (August 2003)
Reno Gold Corporation's total assets of $83.67K consist of 23.4% current assets and 76.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 17.9% |
| Accounts Receivable | $563.00 | 0.7% |
| Inventory | $3.76K | 4.7% |
| Property, Plant & Equipment | $61.26K | 76.7% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2002–2003)
This chart illustrates how Reno Gold Corporation'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: Reno Gold Corporation's current assets represent 23.4% of total assets in 2003, a decrease from 98.4% in 2002.
- Cash Position: Cash and equivalents constituted 17.9% of total assets in 2003, down from 92.4% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2002.
- Asset Diversification: The largest asset category is property, plant & equipment at 76.7% of total assets.
Reno Gold Corporation Competitors by Total Assets
Key competitors of Reno Gold Corporation 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 |
Reno Gold Corporation - 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 - Reno Gold Corporation generates 0.19x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Reno Gold Corporation is currently not profitable relative to its asset base.
Reno Gold Corporation - 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 | 0.06 | - | - |
| Quick Ratio | 0.05 | - | - |
| Cash Ratio | 0.00 | - | - |
| Working Capital | $-364.38K | - | - |
Reno Gold Corporation - Advanced Valuation Insights
This section examines the relationship between Reno Gold Corporation'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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -52.7% |
| Total Assets | $79.92K |
| Market Capitalization | $29.29 USD |
Valuation Analysis
Below Book Valuation: The market values Reno Gold Corporation's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Reno Gold Corporation's assets decreased by 52.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Reno Gold Corporation (2002–2003)
The table below shows the annual total assets of Reno Gold Corporation from 2002 to 2003.
| Year | Total Assets | Change |
|---|---|---|
| 2003-08-31 | $79.92K | -52.72% |
| 2002-08-31 | $169.03K | -- |