Gear Energy
Gear Energy Ltd., an exploration and production company, engages in the acquiring, developing, and holding of interests in petroleum and natural gas properties and assets in Canada. The company's oil properties are located in Central Alberta, West Central Saskatchewan, and Southeast Saskatchewan. Gear Energy Ltd. is headquartered in Calgary, Canada. As of February 5, 2025, Gear Energy Ltd. operat… Read more
Gear Energy (GXE) - Total Assets
Latest total assets as of September 2024: CA$339.27 Million CAD
Based on the latest financial reports, Gear Energy (GXE) holds total assets worth CA$339.27 Million CAD as of September 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.
Gear Energy - Total Assets Trend (2011–2023)
This chart illustrates how Gear Energy’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Gear Energy - Asset Composition Analysis
Current Asset Composition (December 2023)
Gear Energy's total assets of CA$339.27 Million consist of 6.5% current assets and 93.6% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0.0% |
| Accounts Receivable | CA$12.41 Million | 3.7% |
| Inventory | CA$6.79 Million | 2.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2011–2023)
This chart illustrates how Gear Energy'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: Gear Energy's current assets represent 6.5% of total assets in 2023, a decrease from 6.7% in 2011.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2023, the same as 0.0% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 3.7% of total assets.
Gear Energy Competitors by Total Assets
Key competitors of Gear Energy 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 |
Gear Energy - 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
Moderate asset utilization - Gear Energy generates 0.44x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Gear Energy generates $ 2.53 in net profit.
Gear Energy - 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 | 1.20 | 1.01 | 0.66 |
| Quick Ratio | 0.88 | 0.73 | 0.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$3.92 Million | CA$ 297.00K | CA$ -10.93 Million |
Gear Energy - Advanced Valuation Insights
This section examines the relationship between Gear Energy'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 | 0.52 |
| Latest Market Cap to Assets Ratio | 0.25 |
| Asset Growth Rate (YoY) | -3.0% |
| Total Assets | CA$338.82 Million |
| Market Capitalization | $83.57 Million USD |
Valuation Analysis
Below Book Valuation: The market values Gear Energy's assets below their book value (0.25 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Gear Energy's assets decreased by 3.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Gear Energy (2011–2023)
The table below shows the annual total assets of Gear Energy from 2011 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | CA$338.82 Million | -3.03% |
| 2022-12-31 | CA$349.41 Million | +9.61% |
| 2021-12-31 | CA$318.76 Million | +21.54% |
| 2020-12-31 | CA$262.28 Million | -27.42% |
| 2019-12-31 | CA$361.37 Million | -4.86% |
| 2018-12-31 | CA$379.84 Million | +23.77% |
| 2017-12-31 | CA$306.89 Million | +9.04% |
| 2016-12-31 | CA$281.45 Million | +24.68% |
| 2015-12-31 | CA$225.73 Million | -39.76% |
| 2014-12-31 | CA$374.72 Million | +51.95% |
| 2013-12-31 | CA$246.60 Million | +17.88% |
| 2012-12-31 | CA$209.21 Million | +4.86% |
| 2011-12-31 | CA$199.50 Million | -- |