GETT Gold Inc
G.E.T.T. Gold Inc. engages in the acquisition, exploration, and development of precious metal assets in Canada. The company holds an interest in the Courville Maruska project covering an area of 6.02 square kilometers located northeast of Val-d'Or. It also provides thermal fragmentation mining technology for the mining industry. The company was formerly known as Nippon Dragon Resources Inc. and c… Read more
GETT Gold Inc (GETT) - Total Assets
Latest total assets as of June 2024: CA$1.12 Million CAD
Based on the latest financial reports, GETT Gold Inc (GETT) holds total assets worth CA$1.12 Million CAD as of June 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.
GETT Gold Inc - Total Assets Trend (2018–2023)
This chart illustrates how GETT Gold Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
GETT Gold Inc - Asset Composition Analysis
Current Asset Composition (September 2023)
GETT Gold Inc's total assets of CA$1.12 Million consist of 68.8% current assets and 31.2% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 11.0% |
| 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 (2018–2023)
This chart illustrates how GETT Gold Inc'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: GETT Gold Inc's current assets represent 68.8% of total assets in 2023, an increase from 16.0% in 2018.
- Cash Position: Cash and equivalents constituted 11.0% of total assets in 2023, up from 4.4% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
GETT Gold Inc Competitors by Total Assets
Key competitors of GETT Gold Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
GETT Gold Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - GETT Gold Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - GETT Gold Inc is currently not profitable relative to its asset base.
GETT Gold Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.03 | 0.16 | 0.20 |
| Quick Ratio | 0.03 | 0.16 | 0.20 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-18.02 Million | CA$ -12.85 Million | CA$ -8.50 Million |
GETT Gold Inc - Advanced Valuation Insights
This section examines the relationship between GETT Gold Inc'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 | 0.51 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | -84.0% |
| Total Assets | CA$2.22 Million |
| Market Capitalization | $290.82K USD |
Valuation Analysis
Below Book Valuation: The market values GETT Gold Inc's assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: GETT Gold Inc's assets decreased by 84.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for GETT Gold Inc (2018–2023)
The table below shows the annual total assets of GETT Gold Inc from 2018 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-09-30 | CA$2.22 Million | -83.99% |
| 2022-09-30 | CA$13.86 Million | +662.86% |
| 2021-09-30 | CA$1.82 Million | -37.22% |
| 2020-09-30 | CA$2.89 Million | +28.95% |
| 2019-09-30 | CA$2.24 Million | +615.83% |
| 2018-09-30 | CA$313.58K | -- |