Sphere Resources Inc
Sphere Resources Inc. explores and develops mineral properties in Canada and the United States. The company primarily explores for gold deposits. It has option agreements to acquire interests in various properties located in the Red Lake township of Northwestern Ontario, Canada; and the SW Carlin trend Elko, Nevada. The company was formerly known as Mandorin Goldfields Inc. and changed its name t… Read more
Sphere Resources Inc (SPHUF) - Total Assets
Latest total assets as of September 2014: $135.57K USD
Based on the latest financial reports, Sphere Resources Inc (SPHUF) holds total assets worth $135.57K USD as of September 2014.
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.
Sphere Resources Inc - Total Assets Trend (1997–2013)
This chart illustrates how Sphere Resources Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sphere Resources Inc - Asset Composition Analysis
Current Asset Composition (December 2013)
Sphere Resources Inc's total assets of $135.57K consist of 7.4% current assets and 92.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.0% |
| Accounts Receivable | $8.18K | 6.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $119.24K | 92.6% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1997–2013)
This chart illustrates how Sphere Resources 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: Sphere Resources Inc's current assets represent 7.4% of total assets in 2013, an increase from 4.5% in 1997.
- Cash Position: Cash and equivalents constituted 1.0% of total assets in 2013, up from 0.4% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1997.
- Asset Diversification: The largest asset category is property, plant & equipment at 92.6% of total assets.
Sphere Resources Inc Competitors by Total Assets
Key competitors of Sphere Resources 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 |
Sphere Resources 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 - Sphere Resources 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 - Sphere Resources Inc is currently not profitable relative to its asset base.
Sphere Resources 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 | 0.01 | 0.02 | 0.00 |
| Quick Ratio | 0.01 | 0.02 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.32 Million | $ -1.48 Million | $ -5.66 Million |
Sphere Resources Inc - Advanced Valuation Insights
This section examines the relationship between Sphere Resources 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -89.3% |
| Total Assets | $128.72K |
| Market Capitalization | $0.96 USD |
Valuation Analysis
Below Book Valuation: The market values Sphere Resources Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Sphere Resources Inc's assets decreased by 89.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Sphere Resources Inc (1997–2013)
The table below shows the annual total assets of Sphere Resources Inc from 1997 to 2013.
| Year | Total Assets | Change |
|---|---|---|
| 2013-12-31 | $128.72K | -89.32% |
| 2012-12-31 | $1.21 Million | -30.25% |
| 2011-12-31 | $1.73 Million | +1632.58% |
| 2010-12-31 | $99.76K | +199.90% |
| 2009-12-31 | $33.27K | +326.98% |
| 2008-12-31 | $7.79K | -86.28% |
| 2007-12-31 | $56.80K | +37.04% |
| 2006-12-31 | $41.45K | -92.87% |
| 2005-12-31 | $581.23K | +2797.74% |
| 2004-12-31 | $20.06K | -93.50% |
| 2003-12-31 | $308.36K | -70.44% |
| 2002-12-31 | $1.04 Million | -17.00% |
| 2001-12-31 | $1.26 Million | -7.80% |
| 2000-12-31 | $1.36 Million | +33.90% |
| 1999-12-31 | $1.02 Million | +29.90% |
| 1998-12-31 | $783.70K | -21.20% |
| 1997-12-31 | $994.50K | -- |