Grit Metals Corp
Grit Metals Corp. operates as a junior mining exploration company. It primarily focuses on the Lithium-Cesium-Tantalum Finnish Pegmatite Project located in central Finland. The company was formerly known as European Energy Metals Corp. and changed its name to Grit Metals Corp. in October 2024. The company was incorporated in 2021 and is based in Vancouver, Canada. Grit Metals Corp. is a subsidiar… Read more
Grit Metals Corp (FIN) - Total Assets
Latest total assets as of February 2024: CA$4.94 Million CAD
Based on the latest financial reports, Grit Metals Corp (FIN) holds total assets worth CA$4.94 Million CAD as of February 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.
Grit Metals Corp - Total Assets Trend (2021–2023)
This chart illustrates how Grit Metals Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Grit Metals Corp - Asset Composition Analysis
Current Asset Composition (May 2023)
Grit Metals Corp's total assets of CA$4.94 Million consist of 69.5% current assets and 30.6% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 59.1% |
| Accounts Receivable | CA$20.98K | 1.4% |
| 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 (2021–2023)
This chart illustrates how Grit Metals Corp'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: Grit Metals Corp's current assets represent 69.5% of total assets in 2023, a decrease from 100.0% in 2021.
- Cash Position: Cash and equivalents constituted 59.1% of total assets in 2023, down from 100.0% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is accounts receivable at 1.4% of total assets.
Grit Metals Corp Competitors by Total Assets
Key competitors of Grit Metals Corp 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 |
Grit Metals Corp - 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 - Grit Metals Corp 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 - Grit Metals Corp is currently not profitable relative to its asset base.
Grit Metals Corp - 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 | 13.47 | 6.60 | 6.60 |
| Quick Ratio | 13.47 | 6.60 | 6.60 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$2.36 Million | CA$ 889.47K | CA$ 889.47K |
Grit Metals Corp - Advanced Valuation Insights
This section examines the relationship between Grit Metals Corp'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 | 1.83 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 85.1% |
| Total Assets | CA$1.51 Million |
| Market Capitalization | $1.11K USD |
Valuation Analysis
Below Book Valuation: The market values Grit Metals Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Grit Metals Corp's assets grew by 85.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Grit Metals Corp (2021–2023)
The table below shows the annual total assets of Grit Metals Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-05-31 | CA$1.51 Million | +85.07% |
| 2022-05-31 | CA$815.70K | +81570300.00% |
| 2021-05-31 | CA$1.00 | -- |