Terrace Energy Corp.
Terrace Energy Corp. does not have significant operations. Previously it was engaged in the acquisition, exploration, and development of conventional onshore oil and gas properties in the United States. The company was formerly known as Terrace Resources Inc. and changed its name to Terrace Energy Corp. in June 2011.Terrace Energy Corp. was incorporated in 2006 and is headquartered in The Woodlan… Read more
Terrace Energy Corp. (TCRRF) - Total Assets
Latest total assets as of October 2024: $382.46K USD
Based on the latest financial reports, Terrace Energy Corp. (TCRRF) holds total assets worth $382.46K USD as of October 2024.
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.
Terrace Energy Corp. - Total Assets Trend (2007–2024)
This chart illustrates how Terrace Energy Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Terrace Energy Corp. - Asset Composition Analysis
Current Asset Composition (January 2024)
Terrace Energy Corp.'s total assets of $382.46K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 99.5% |
| Accounts Receivable | $2.17K | 0.5% |
| 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 (2007–2024)
This chart illustrates how Terrace Energy 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: Terrace Energy Corp.'s current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2007.
- Cash Position: Cash and equivalents constituted 99.5% of total assets in 2024, up from 95.2% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 0.5% of total assets.
Terrace Energy Corp. Competitors by Total Assets
Key competitors of Terrace Energy Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Terrace Energy 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 - Terrace Energy 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 - Terrace Energy Corp. is currently not profitable relative to its asset base.
Terrace Energy 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 | 9.26 | 19.10 | 2.55 |
| Quick Ratio | 9.26 | 19.10 | 2.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $341.17K | $ 492.85K | $ 1.17 Million |
Terrace Energy Corp. - Advanced Valuation Insights
This section examines the relationship between Terrace Energy 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 | 0.85 |
| Latest Market Cap to Assets Ratio | 0.23 |
| Asset Growth Rate (YoY) | -18.8% |
| Total Assets | $461.08K |
| Market Capitalization | $104.60K USD |
Valuation Analysis
Below Book Valuation: The market values Terrace Energy Corp.'s assets below their book value (0.23 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Terrace Energy Corp.'s assets decreased by 18.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Terrace Energy Corp. (2007–2024)
The table below shows the annual total assets of Terrace Energy Corp. from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-01-31 | $461.08K | -18.83% |
| 2023-01-31 | $568.08K | -51.00% |
| 2022-01-31 | $1.16 Million | -25.68% |
| 2021-01-31 | $1.56 Million | -18.79% |
| 2020-01-31 | $1.92 Million | -77.56% |
| 2019-01-31 | $8.56 Million | +9.32% |
| 2018-01-31 | $7.83 Million | -23.70% |
| 2017-01-31 | $10.26 Million | -82.15% |
| 2016-01-31 | $57.51 Million | -38.66% |
| 2015-01-31 | $93.74 Million | +55.97% |
| 2014-01-31 | $60.10 Million | +267.39% |
| 2013-01-31 | $16.36 Million | +192.52% |
| 2012-01-31 | $5.59 Million | +103.76% |
| 2011-01-31 | $2.74 Million | -1.73% |
| 2010-01-31 | $2.79 Million | +148.82% |
| 2009-01-31 | $1.12 Million | -3.35% |
| 2008-01-31 | $1.16 Million | +126.20% |
| 2007-01-31 | $513.46K | -- |