Comet Lithium Corporation
Comet Lithium Corporation, a lithium-focused exploration company, engages in the acquiring, exploring, and developing mining properties in Canada. The company explores for lithium and gold deposits. Its flagship property is the 100% owned Liberty Property comprising 38 mining claims located in James Bay, Québec. The company was formerly known as X-Terra Resources Inc. and changed its name to Come… Read more
Comet Lithium Corporation (CLIC) - Total Assets
Latest total assets as of September 2025: CA$6.74 Million CAD
Based on the latest financial reports, Comet Lithium Corporation (CLIC) holds total assets worth CA$6.74 Million CAD 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.
Comet Lithium Corporation - Total Assets Trend (2020–2024)
This chart illustrates how Comet Lithium Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Comet Lithium Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Comet Lithium Corporation's total assets of CA$6.74 Million consist of 22.7% current assets and 77.4% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 19.2% |
| Accounts Receivable | CA$0.00 | 0.0% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how Comet Lithium Corporation'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: Comet Lithium Corporation's current assets represent 22.7% of total assets in 2024, a decrease from 31.9% in 2020.
- Cash Position: Cash and equivalents constituted 19.2% of total assets in 2024, down from 26.4% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Comet Lithium Corporation Competitors by Total Assets
Key competitors of Comet Lithium Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Zhongrun Resources Investment
SHE:000506
|
China | CN¥1.43 Billion |
|
Yintai Resources Co Ltd
SHE:000975
|
China | CN¥20.29 Billion |
|
5YY0
F:5YY0
|
Germany | €11.52 Million |
|
1AH
F:1AH
|
Germany | €55.15 Million |
|
1ZX0
F:1ZX0
|
Germany | €1.11 Million |
|
Copper Giant Resources Corp.
F:29H0
|
Germany | €6.21 Million |
|
29METALS Ltd
AU:29M
|
Australia | AU$1.04 Billion |
|
China Silver Group Limited
F:2CS
|
Germany | €2.12 Billion |
Comet Lithium Corporation - 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 - Comet Lithium Corporation 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 - Comet Lithium Corporation is currently not profitable relative to its asset base.
Comet Lithium Corporation - 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 | 2.44 | 2.74 | 2.73 |
| Quick Ratio | 2.44 | 2.74 | 2.73 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$450.92K | CA$ 1.03 Million | CA$ 1.38 Million |
Comet Lithium Corporation - Advanced Valuation Insights
This section examines the relationship between Comet Lithium Corporation'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 | 1.92 |
| Latest Market Cap to Assets Ratio | 0.91 |
| Asset Growth Rate (YoY) | -5.0% |
| Total Assets | CA$7.10 Million |
| Market Capitalization | $6.48 Million USD |
Valuation Analysis
Near Book Valuation: The market values Comet Lithium Corporation's assets close to their book value ( 0.91x), suggesting investors view the company's assets at approximately fair value.
Significant Asset Reduction: Comet Lithium Corporation's assets decreased by 5.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Comet Lithium Corporation (2020–2024)
The table below shows the annual total assets of Comet Lithium Corporation from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$7.10 Million | -5.03% |
| 2023-12-31 | CA$7.48 Million | +31.38% |
| 2022-12-31 | CA$5.69 Million | +25.60% |
| 2021-12-31 | CA$4.53 Million | +13.11% |
| 2020-12-31 | CA$4.01 Million | -- |