Nine Mile Metals Ltd
Nine Mile Metals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for lead, zinc, copper, silver, and gold deposits. Its flagship property is the Nine Mile Brook VMS project that consists of 229 claim units covering an area of 50.04 square kilometers located in New Brunswick. The company was formerly known as Stevens Gold Nevada I… Read more
Nine Mile Metals Ltd (VMSXF) - Total Assets
Latest total assets as of September 2025: $4.83 Million USD
Based on the latest financial reports, Nine Mile Metals Ltd (VMSXF) holds total assets worth $4.83 Million USD as of September 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.
Nine Mile Metals Ltd - Total Assets Trend (2018–2025)
This chart illustrates how Nine Mile Metals Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nine Mile Metals Ltd - Asset Composition Analysis
Current Asset Composition (September 2025)
Nine Mile Metals Ltd's total assets of $4.83 Million consist of 3.0% current assets and 97.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.9% |
| Accounts Receivable | $33.36K | 0.7% |
| 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 (2018–2025)
This chart illustrates how Nine Mile Metals 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: Nine Mile Metals Ltd's current assets represent 3.0% of total assets in 2025, a decrease from 100.0% in 2018.
- Cash Position: Cash and equivalents constituted 0.9% of total assets in 2025, down from 99.6% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
Nine Mile Metals Ltd Competitors by Total Assets
Key competitors of Nine Mile Metals Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Galileo Resources Plc
LSE:GLR
|
UK | GBX14.28 Million |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 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 |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
China | CN¥20.78 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
China | CN¥23.09 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
China | CN¥10.04 Billion |
Nine Mile Metals 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 - Nine Mile Metals 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 - Nine Mile Metals Ltd is currently not profitable relative to its asset base.
Nine Mile Metals 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 | 0.29 | 0.77 | 33.56 |
| Quick Ratio | 0.29 | 0.77 | 33.08 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-358.29K | $ -138.49K | $ 772.84K |
Nine Mile Metals Ltd - Advanced Valuation Insights
This section examines the relationship between Nine Mile Metals 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 | 7.33 |
| Latest Market Cap to Assets Ratio | 0.48 |
| Asset Growth Rate (YoY) | -5.3% |
| Total Assets | $4.83 Million |
| Market Capitalization | $2.30 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nine Mile Metals Ltd's assets below their book value (0.48 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Nine Mile Metals Ltd's assets decreased by 5.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nine Mile Metals Ltd (2018–2025)
The table below shows the annual total assets of Nine Mile Metals Ltd from 2018 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-09-30 | $4.83 Million | -5.25% |
| 2024-09-30 | $5.10 Million | +3.06% |
| 2023-09-30 | $4.95 Million | -5.70% |
| 2022-09-30 | $5.25 Million | +434.22% |
| 2021-09-30 | $982.40K | +248.80% |
| 2020-09-30 | $281.65K | -65.65% |
| 2019-09-30 | $820.01K | +73.51% |
| 2018-09-30 | $472.59K | -- |