Advantage Oil & Gas Ltd. (AAV) - Total Assets
Based on the latest financial reports, Advantage Oil & Gas Ltd. (AAV) holds total assets worth CA$3.03 Billion CAD (≈ $2.19 Billion 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. Check AAV cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Advantage Oil & Gas Ltd. - Total Assets Trend (1985–2024)
This chart illustrates how Advantage Oil & Gas Ltd.'s total assets have evolved over time, based on quarterly financial data. Explore AAV strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Advantage Oil & Gas Ltd. - Asset Composition Analysis
Current Asset Composition (December 2024)
Advantage Oil & Gas Ltd.'s total assets of CA$3.03 Billion consist of 5.6% current assets and 94.4% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$20.15 Million | 0.7% |
| Accounts Receivable | CA$83.19 Million | 2.8% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$2.69 Billion | 91.5% |
| Intangible Assets | CA$5.25 Million | 0.2% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (1985–2024)
This chart illustrates how Advantage Oil & Gas 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. For live market cap, price, and company overview, see Advantage Oil & Gas Ltd. market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Advantage Oil & Gas Ltd.'s current assets represent 5.6% of total assets in 2024, a decrease from 46.2% in 1985.
- Cash Position: Cash and equivalents constituted 0.7% of total assets in 2024, down from 13.9% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 12.0% in 1985.
- Asset Diversification: The largest asset category is property, plant & equipment at 91.5% of total assets.
Advantage Oil & Gas Ltd. Competitors by Total Assets
Key competitors of Advantage Oil & Gas Ltd. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
SandRidge Energy Inc
NYSE:SD
|
USA | $652.13 Million |
|
MEG Energy Corp
TO:MEG
|
Canada | CA$6.98 Billion |
|
Delek Group
TA:DLEKG
|
Israel | ILA57.21 Billion |
|
Murphy Oil Corporation
NYSE:MUR
|
USA | $10.04 Billion |
|
Peyto Exploration&Development Corp
TO:PEY
|
Canada | CA$5.43 Billion |
|
Talos Energy
NYSE:TALO
|
USA | $5.27 Billion |
|
Spartan Delta Corp
TO:SDE
|
Canada | CA$1.35 Billion |
|
Beach Energy Ltd
AU:BPT
|
Australia | AU$5.42 Billion |
Advantage Oil & Gas Ltd. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.40 | 0.75 | 0.71 |
| Quick Ratio | 0.40 | 0.75 | 0.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-200.10 Million | CA$-46.77 Million | CA$-16.36 Million |
Advantage Oil & Gas Ltd. - Advanced Valuation Insights
This section examines the relationship between Advantage Oil & Gas 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 | 1.09 |
| Latest Market Cap to Assets Ratio | 0.40 |
| Asset Growth Rate (YoY) | 28.1% |
| Total Assets | CA$2.95 Billion |
| Market Capitalization | $1.17 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Advantage Oil & Gas Ltd.'s assets below their book value (0.40x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Advantage Oil & Gas Ltd.'s assets grew by 28.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Advantage Oil & Gas Ltd. (1985–2024)
The table below shows the annual total assets of Advantage Oil & Gas Ltd. from 1985 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.95 Billion ≈ $2.13 Billion |
+28.14% |
| 2023-12-31 | CA$2.30 Billion ≈ $1.66 Billion |
+3.70% |
| 2022-12-31 | CA$2.22 Billion ≈ $1.60 Billion |
+11.13% |
| 2021-12-31 | CA$1.99 Billion ≈ $1.44 Billion |
+30.08% |
| 2020-12-31 | CA$1.53 Billion ≈ $1.11 Billion |
-15.66% |
| 2019-12-31 | CA$1.82 Billion ≈ $1.32 Billion |
+2.67% |
| 2018-12-31 | CA$1.77 Billion ≈ $1.28 Billion |
+4.73% |
| 2017-12-31 | CA$1.69 Billion ≈ $1.22 Billion |
+13.01% |
| 2016-12-31 | CA$1.50 Billion ≈ $1.08 Billion |
-1.38% |
| 2015-12-31 | CA$1.52 Billion ≈ $1.10 Billion |
+4.31% |
| 2014-12-31 | CA$1.45 Billion ≈ $1.05 Billion |
-17.59% |
| 2013-12-31 | CA$1.77 Billion ≈ $1.28 Billion |
-7.76% |
| 2012-12-31 | CA$1.91 Billion ≈ $1.38 Billion |
-2.99% |
| 2011-12-31 | CA$1.97 Billion ≈ $1.43 Billion |
+7.07% |
| 2010-12-31 | CA$1.84 Billion ≈ $1.33 Billion |
-4.39% |
| 2009-12-31 | CA$1.93 Billion ≈ $1.39 Billion |
-16.40% |
| 2008-12-31 | CA$2.31 Billion ≈ $1.67 Billion |
-4.82% |
| 2007-12-31 | CA$2.42 Billion ≈ $1.75 Billion |
+22.24% |
| 2006-12-31 | CA$1.98 Billion ≈ $1.43 Billion |
+95.65% |
| 2005-12-31 | CA$1.01 Billion ≈ $732.68 Million |
-1.97% |
| 2004-12-31 | CA$1.03 Billion ≈ $747.44 Million |
+79.77% |
| 2003-12-31 | CA$574.75 Million ≈ $415.77 Million |
+39.55% |
| 2002-12-31 | CA$411.85 Million ≈ $297.93 Million |
+75.76% |
| 2001-12-31 | CA$234.32 Million ≈ $169.51 Million |
+38.11% |
| 1997-12-31 | CA$169.66 Million ≈ $122.73 Million |
-22.47% |
| 1996-12-31 | CA$218.82 Million ≈ $158.29 Million |
-89.82% |
| 1995-12-31 | CA$2.15 Billion ≈ $1.55 Billion |
-13.80% |
| 1994-12-31 | CA$2.49 Billion ≈ $1.80 Billion |
+18.18% |
| 1993-12-31 | CA$2.11 Billion ≈ $1.53 Billion |
+7.44% |
| 1992-12-31 | CA$1.96 Billion ≈ $1.42 Billion |
+45.99% |
| 1991-12-31 | CA$1.34 Billion ≈ $972.75 Million |
+9.87% |
| 1990-12-31 | CA$1.22 Billion ≈ $885.38 Million |
-33.37% |
| 1989-12-31 | CA$1.84 Billion ≈ $1.33 Billion |
-15.76% |
| 1988-12-31 | CA$2.18 Billion ≈ $1.58 Billion |
-7.95% |
| 1987-12-31 | CA$2.37 Billion ≈ $1.71 Billion |
-13.57% |
| 1986-12-31 | CA$2.74 Billion ≈ $1.98 Billion |
-2.87% |
| 1985-12-31 | CA$2.82 Billion ≈ $2.04 Billion |
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About Advantage Oil & Gas Ltd.
Advantage Energy Ltd., together with its subsidiaries, engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada. The company was formerly known as Advantage Oil & Gas Ltd. and changed its name to Advantage Energy Ltd. in May 2021. Advantage Energy Ltd. was founded in 2001 and is headquartered in… Read more