Fortune Minerals Limited (FT) - Total Assets
Based on the latest financial reports, Fortune Minerals Limited (FT) holds total assets worth CA$6.97 Million CAD (≈ $5.04 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. Explore Fortune Minerals Limited (FT) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Fortune Minerals Limited - Total Assets Trend (1996–2024)
This chart illustrates how Fortune Minerals Limited's total assets have evolved over time, based on quarterly financial data. See FT net assets for net asset value and shareholders' equity analysis.
Fortune Minerals Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
Fortune Minerals Limited's total assets of CA$6.97 Million consist of 51.4% current assets and 48.6% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$1.59 Million | 33.1% |
| Accounts Receivable | CA$730.28K | 15.2% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$200.88K | 4.2% |
| Intangible Assets | CA$2.56K | 0.1% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (1996–2024)
This chart illustrates how Fortune Minerals Limited'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 FT market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Fortune Minerals Limited's current assets represent 51.4% of total assets in 2024, a decrease from 85.5% in 1996.
- Cash Position: Cash and equivalents constituted 33.1% of total assets in 2024, down from 41.8% in 1996.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1996.
- Asset Diversification: The largest asset category is cash and equivalents at 33.1% of total assets.
Fortune Minerals Limited Competitors by Total Assets
Key competitors of Fortune Minerals Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xiamen Tungsten Co Ltd
SHG:600549
|
China | CN¥63.93 Billion |
|
Pilbara Minerals Ltd
AU:PLS
|
Australia | AU$4.70 Billion |
|
Yunnan Chihong Zinc&Germanium Co Ltd
SHG:600497
|
China | CN¥27.26 Billion |
|
Zhuzhou Smelter Group Co Ltd
SHG:600961
|
China | CN¥10.10 Billion |
|
Vale Indonesia Tbk
JK:INCO
|
Indonesia | Rp3.34 Billion |
|
Almonty Industries Inc
TO:AII
|
Canada | CA$605.62 Million |
|
Nickel Industries Ltd
AU:NIC
|
Australia | AU$4.27 Billion |
|
Nova Minerals Ltd
AU:NVA
|
Australia | AU$185.70 Million |
Fortune Minerals Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.22 | 0.39 | 2.46 |
| Quick Ratio | 0.22 | 0.39 | 2.46 |
| Cash Ratio | 0.16 | 0.31 | 0.00 |
| Working Capital | CA$-13.76 Million | CA$-1.71 Million | CA$728.51K |
Fortune Minerals Limited - Advanced Valuation Insights
This section examines the relationship between Fortune Minerals Limited'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 | 0.54 |
| Latest Market Cap to Assets Ratio | 10.99 |
| Asset Growth Rate (YoY) | 208.5% |
| Total Assets | CA$4.82 Million |
| Market Capitalization | $52.89 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Fortune Minerals Limited's assets at a significant premium (10.99x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Fortune Minerals Limited's assets grew by 208.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Fortune Minerals Limited (1996–2024)
The table below shows the annual total assets of Fortune Minerals Limited from 1996 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$4.82 Million ≈ $3.48 Million |
+208.49% |
| 2023-12-31 | CA$1.56 Million ≈ $1.13 Million |
-96.64% |
| 2022-12-31 | CA$46.45 Million ≈ $33.60 Million |
-40.91% |
| 2021-12-31 | CA$78.61 Million ≈ $56.86 Million |
+2.97% |
| 2020-12-31 | CA$76.34 Million ≈ $55.22 Million |
-0.62% |
| 2019-12-31 | CA$76.81 Million ≈ $55.57 Million |
-1.93% |
| 2018-12-31 | CA$78.33 Million ≈ $56.66 Million |
-1.60% |
| 2017-12-31 | CA$79.60 Million ≈ $57.58 Million |
+15.14% |
| 2016-12-31 | CA$69.13 Million ≈ $50.01 Million |
+1.73% |
| 2015-12-31 | CA$67.96 Million ≈ $49.16 Million |
-62.64% |
| 2014-12-31 | CA$181.91 Million ≈ $131.59 Million |
+58.89% |
| 2013-12-31 | CA$114.49 Million ≈ $82.82 Million |
-23.45% |
| 2012-12-31 | CA$149.57 Million ≈ $108.20 Million |
-4.15% |
| 2011-12-31 | CA$156.05 Million ≈ $112.88 Million |
+21.99% |
| 2010-12-31 | CA$127.92 Million ≈ $92.53 Million |
+3.39% |
| 2009-12-31 | CA$123.73 Million ≈ $89.50 Million |
+24.62% |
| 2008-12-31 | CA$99.29 Million ≈ $71.82 Million |
+9.89% |
| 2007-12-31 | CA$90.35 Million ≈ $65.36 Million |
+50.00% |
| 2006-12-31 | CA$60.24 Million ≈ $43.57 Million |
+25.88% |
| 2005-12-31 | CA$47.85 Million ≈ $34.62 Million |
+18.30% |
| 2004-12-31 | CA$40.45 Million ≈ $29.26 Million |
+129.01% |
| 2003-12-31 | CA$17.66 Million ≈ $12.78 Million |
+39.59% |
| 2002-12-31 | CA$12.65 Million ≈ $9.15 Million |
+8.56% |
| 2001-12-31 | CA$11.66 Million ≈ $8.43 Million |
-2.68% |
| 2000-12-31 | CA$11.98 Million ≈ $8.66 Million |
-2.62% |
| 1999-12-31 | CA$12.30 Million ≈ $8.90 Million |
+7.89% |
| 1998-12-31 | CA$11.40 Million ≈ $8.25 Million |
+35.71% |
| 1997-12-31 | CA$8.40 Million ≈ $6.08 Million |
+52.73% |
| 1996-12-31 | CA$5.50 Million ≈ $3.98 Million |
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About Fortune Minerals Limited
Fortune Minerals Limited engages in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits. Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories and Lamont County consists of 76.78 acre… Read more