Third Millennium Industries Inc
Tele Group Corp., a development stage Web 2.0 software company, develops Internet properties and applications primarily in the United States. The company offers a range of search, display, and interactive advertising products to reach and engage targeted consumers. Its products under development consist of NeXplore Search, a search engine, featuring a graphical user interface to allow the user to… Read more
Third Millennium Industries Inc (TMLL) - Total Assets
Latest total assets as of March 2024: $2.40K USD
Based on the latest financial reports, Third Millennium Industries Inc (TMLL) holds total assets worth $2.40K USD as of March 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.
Third Millennium Industries Inc - Total Assets Trend (2010–2024)
This chart illustrates how Third Millennium Industries Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Third Millennium Industries Inc - Asset Composition Analysis
Current Asset Composition (June 2024)
Third Millennium Industries Inc's total assets of $2.40K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 100.0% |
| Accounts Receivable | $0.00 | 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 (2010–2024)
This chart illustrates how Third Millennium Industries 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: Third Millennium Industries Inc's current assets represent 100.0% of total assets in 2024, an increase from 22.3% in 2010.
- Cash Position: Cash and equivalents constituted 100.0% of total assets in 2024, up from -169.0% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Third Millennium Industries Inc Competitors by Total Assets
Key competitors of Third Millennium Industries Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aldel Financial II Inc. Class A Ordinary Shares
NASDAQ:ALDF
|
USA | $239.11 Million |
|
ChampionsGate Acquisition Corp
NASDAQ:CHPGU
|
USA | $76.27 Million |
|
Atlas Resources International Inc
PINK:ALSI
|
USA | $6.96K |
|
Itokk Inc
PINK:IKTO
|
USA | $2.24 Million |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
|
Aloys Inc.
KQ:297570
|
Korea | ₩111.17 Billion |
|
Nh Special Purpose Acquisition 14 Co. Ltd
KQ:319400
|
Korea | ₩255.48 Billion |
Third Millennium Industries 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
Strong asset utilization - Third Millennium Industries Inc generates 997.96x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Third Millennium Industries Inc is currently not profitable relative to its asset base.
Third Millennium Industries 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 | 1.42 | 1.95 | 0.31 |
| Quick Ratio | 1.42 | 1.95 | 0.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $714.00 | $ 349.46K | $ -11.50K |
Third Millennium Industries Inc - Advanced Valuation Insights
This section examines the relationship between Third Millennium Industries 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 | 3.85 |
| Asset Growth Rate (YoY) | -99.6% |
| Total Assets | $2.40K |
| Market Capitalization | $9.24K USD |
Valuation Analysis
Premium Asset Valuation: The market values Third Millennium Industries Inc's assets at a significant premium ( 3.85x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Third Millennium Industries Inc's assets decreased by 99.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Third Millennium Industries Inc (2010–2024)
The table below shows the annual total assets of Third Millennium Industries Inc from 2010 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | $2.40K | -99.58% |
| 2010-06-30 | $570.78K | -- |