Sixty North Gold Mining Ltd
Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for gold. It holds 100% interest in the Mon Property that includes 13 contiguous mining leases and 1 mineral claim comprising an area of approximately 1,536.92 acres located in Yellowknife, the Northwest Territories. Sixty North Gold Mining Ltd. was… Read more
Sixty North Gold Mining Ltd (SXNTF) - Total Assets
Latest total assets as of July 2025: $9.51 Million USD
Based on the latest financial reports, Sixty North Gold Mining Ltd (SXNTF) holds total assets worth $9.51 Million USD as of July 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.
Sixty North Gold Mining Ltd - Total Assets Trend (2016–2024)
This chart illustrates how Sixty North Gold Mining Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sixty North Gold Mining Ltd - Asset Composition Analysis
Current Asset Composition (October 2024)
Sixty North Gold Mining Ltd's total assets of $9.51 Million consist of 0.5% current assets and 99.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.4% |
| Accounts Receivable | $2.63K | 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 (2016–2024)
This chart illustrates how Sixty North Gold Mining Ltd'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: Sixty North Gold Mining Ltd's current assets represent 0.5% of total assets in 2024, a decrease from 65.7% in 2016.
- Cash Position: Cash and equivalents constituted 0.4% of total assets in 2024, down from 63.9% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 0.0% of total assets.
Sixty North Gold Mining Ltd Competitors by Total Assets
Key competitors of Sixty North Gold Mining Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Outback Goldfields Corp
OTCQB:OZBKF
|
USA | $13.40 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
McLaren Resources Inc
F:3ML
|
Germany | €29.32K |
|
PC Gold Ltd
AU:PC2
|
Australia | AU$18.12 Million |
|
4LE
F:4LE
|
Germany | €2.04 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
Sixty North Gold Mining Ltd - 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 - Sixty North Gold Mining Ltd 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 - Sixty North Gold Mining Ltd is currently not profitable relative to its asset base.
Sixty North Gold Mining Ltd - 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 | 0.03 | 0.92 | 1.56 |
| Quick Ratio | 0.03 | 1.08 | 1.62 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-734.64K | $ -15.29K | $ 124.62K |
Sixty North Gold Mining Ltd - Advanced Valuation Insights
This section examines the relationship between Sixty North Gold Mining Ltd'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 | 1.88 |
| Latest Market Cap to Assets Ratio | 0.34 |
| Asset Growth Rate (YoY) | 9.5% |
| Total Assets | $9.00 Million |
| Market Capitalization | $3.06 Million USD |
Valuation Analysis
Below Book Valuation: The market values Sixty North Gold Mining Ltd's assets below their book value (0.34 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Sixty North Gold Mining Ltd's assets grew by 9.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Sixty North Gold Mining Ltd (2016–2024)
The table below shows the annual total assets of Sixty North Gold Mining Ltd from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-10-31 | $9.00 Million | +9.46% |
| 2023-10-31 | $8.23 Million | -5.64% |
| 2022-10-31 | $8.72 Million | +37.51% |
| 2021-10-31 | $6.34 Million | +62.11% |
| 2020-10-31 | $3.91 Million | +41.45% |
| 2019-10-31 | $2.76 Million | +17.10% |
| 2018-10-31 | $2.36 Million | +20.63% |
| 2017-10-31 | $1.96 Million | +10.01% |
| 2016-10-31 | $1.78 Million | -- |