Fortune Bay Corp (FOR) - Total Assets
Based on the latest financial reports, Fortune Bay Corp (FOR) holds total assets worth CA$26.16 Million CAD (≈ $18.93 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 how well can Fortune Bay Corp service its debt to assess how comfortably operating cash covers total debt obligations.
Fortune Bay Corp - Total Assets Trend (2014–2024)
This chart illustrates how Fortune Bay Corp's total assets have evolved over time, based on quarterly financial data. See Fortune Bay Corp shareholders equity for net asset value and shareholders' equity analysis.
Fortune Bay Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Fortune Bay Corp's total assets of CA$26.16 Million consist of 3.0% current assets and 97.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 1.9% |
| Accounts Receivable | CA$25.96K | 0.1% |
| 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 (2014–2024)
This chart illustrates how Fortune Bay 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. For live market cap, price, and company overview, see Fortune Bay Corp stock valuation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Fortune Bay Corp's current assets represent 3.0% of total assets in 2024, a decrease from 3.8% in 2014.
- Cash Position: Cash and equivalents constituted 1.9% of total assets in 2024, up from 0.2% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is accounts receivable at 0.1% of total assets.
Fortune Bay Corp Competitors by Total Assets
Key competitors of Fortune Bay Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
AngloGold Ashanti Ltd
JSE:ANG
|
South Africa | ZAC15.77 Billion |
|
Wheaton Precious Metals Corp
TO:WPM
|
Canada | CA$9.85 Billion |
|
Gold Fields Limited
F:EDG
|
Germany | €15.23 Billion |
|
Gold Fields Ltd
JSE:GFI
|
South Africa | ZAC10.86 Billion |
|
Dpm Metals Inc.
AU:DPM
|
Australia | AU$3.08 Billion |
|
Equinox Gold Corp
TO:EQX
|
Canada | CA$9.66 Billion |
|
G Mining Ventures Corp.
TO:GMIN
|
Canada | CA$1.95 Billion |
|
OceanaGold Corporation
F:RQQ
|
Germany | €2.78 Billion |
Fortune Bay 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 | 2.23 | 0.63 | 4.80 |
| Quick Ratio | 2.23 | 0.63 | 4.87 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$1.01 Million | CA$-452.20K | CA$2.48 Million |
Fortune Bay Corp - Advanced Valuation Insights
This section examines the relationship between Fortune Bay 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 | 2.50 |
| Latest Market Cap to Assets Ratio | 1.34 |
| Asset Growth Rate (YoY) | -2.2% |
| Total Assets | CA$24.17 Million |
| Market Capitalization | $32.50 Million USD |
Valuation Analysis
Above Book Valuation: The market values Fortune Bay Corp's assets above their book value (1.34x), reflecting positive investor sentiment about the company's future prospects.
Slight Asset Contraction: Fortune Bay Corp's assets decreased by 2.2% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Fortune Bay Corp (2014–2024)
The table below shows the annual total assets of Fortune Bay Corp from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$24.17 Million ≈ $17.49 Million |
-2.20% |
| 2023-12-31 | CA$24.72 Million ≈ $17.88 Million |
+4.14% |
| 2022-12-31 | CA$23.73 Million ≈ $17.17 Million |
-4.32% |
| 2021-12-31 | CA$24.80 Million ≈ $17.94 Million |
+30.53% |
| 2020-12-31 | CA$19.00 Million ≈ $13.75 Million |
+22.05% |
| 2019-12-31 | CA$15.57 Million ≈ $11.26 Million |
+0.65% |
| 2018-12-31 | CA$15.47 Million ≈ $11.19 Million |
+2.12% |
| 2017-12-31 | CA$15.15 Million ≈ $10.96 Million |
-2.42% |
| 2016-12-31 | CA$15.52 Million ≈ $11.23 Million |
+2.49% |
| 2015-12-31 | CA$15.15 Million ≈ $10.96 Million |
+3.29% |
| 2014-12-31 | CA$14.66 Million ≈ $10.61 Million |
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About Fortune Bay Corp
Fortune Bay Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Mexico. It primarily explores for gold and uranium deposits. The company has an option agreement to acquire The Woods Uranium Projects located on the northern margin of the Athabasca Basin, Saskatchewan. Fortune Bay Corp. is headquartered in Halifax, Canada.