True North Energy Corp
True North Energy Corp. acquires, explores, develops, and produces oil and gas properties in the United States. The company also provides shoes through its stores located in Europe, Japan, and the United States, as well as through online. True North Energy Corp. was formerly known as Ameriprint International Ltd. and changed its name to True North Energy Corp. in January 2006. The company was inc… Read more
True North Energy Corp (TNEN) - Total Assets
Latest total assets as of July 2021: $1.53 Million USD
Based on the latest financial reports, True North Energy Corp (TNEN) holds total assets worth $1.53 Million USD as of July 2021.
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.
True North Energy Corp - Total Assets Trend (2005–2021)
This chart illustrates how True North Energy Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
True North Energy Corp - Asset Composition Analysis
Current Asset Composition (April 2021)
True North Energy Corp's total assets of $1.53 Million consist of 98.8% current assets and 1.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.2% |
| Accounts Receivable | $745.39K | 47.1% |
| 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 (2005–2021)
This chart illustrates how True North 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: True North Energy Corp's current assets represent 98.8% of total assets in 2021, an increase from 82.8% in 2005.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2021, down from 82.3% in 2005.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 17.0% in 2005.
- Asset Diversification: The largest asset category is accounts receivable at 47.1% of total assets.
True North Energy Corp Competitors by Total Assets
Key competitors of True North 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 |
True North 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 - True North 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 - True North Energy Corp is currently not profitable relative to its asset base.
True North 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 | 0.35 | 0.00 | 5.17 |
| Quick Ratio | 0.35 | 0.00 | 5.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.86 Million | $ -2.63 Million | $ 7.92K |
True North Energy Corp - Advanced Valuation Insights
This section examines the relationship between True North 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 | 1.46 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -61.4% |
| Total Assets | $1.58 Million |
| Market Capitalization | $0.91 USD |
Valuation Analysis
Below Book Valuation: The market values True North Energy Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: True North Energy Corp's assets decreased by 61.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for True North Energy Corp (2005–2021)
The table below shows the annual total assets of True North Energy Corp from 2005 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-04-30 | $1.58 Million | -61.35% |
| 2020-04-30 | $4.09 Million | +12812.17% |
| 2019-04-30 | $31.69K | +824.96% |
| 2018-04-30 | $3.43K | -83.72% |
| 2017-04-30 | $21.05K | -9.19% |
| 2016-04-30 | $23.18K | +65.80% |
| 2015-04-30 | $13.98K | -99.78% |
| 2008-04-30 | $6.23 Million | +303.92% |
| 2007-04-30 | $1.54 Million | +270.92% |
| 2006-04-30 | $415.81K | +890.46% |
| 2005-04-30 | $41.98K | -- |