Independence Gold Corp (IGO) - Total Assets
Based on the latest financial reports, Independence Gold Corp (IGO) holds total assets worth CA$8.74 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.
Independence Gold Corp - Total Assets Trend (2011–2024)
This chart illustrates how Independence Gold Corp's total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Independence Gold Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Independence Gold Corp's total assets of CA$8.74 Million consist of 68.5% current assets and 31.5% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 67.1% |
| 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 (2011–2024)
This chart illustrates how Independence Gold 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: Independence Gold Corp's current assets represent 68.5% of total assets in 2024, an increase from 52.1% in 2011.
- Cash Position: Cash and equivalents constituted 67.1% of total assets in 2024, up from 46.5% 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 goodwill at 0.0% of total assets.
Independence Gold Corp Competitors by Total Assets
Key competitors of Independence Gold Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Resource Base Ltd
AU:RBX
|
Australia | AU$1.81 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
|
AMIGO HLDGS PLC. LS-0025
F:0VG
|
Germany | €46.30 Million |
|
Asante Gold Corporation
F:1A9
|
Germany | €913.08 Million |
|
American Pacific Mining Corp
F:1QC1
|
Germany | €39.92 Million |
|
SITKA GOLD CORP
F:1RF
|
Germany | €70.38 Million |
Independence Gold 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 | 9.47 | 3.35 | 7.63 |
| Quick Ratio | 9.47 | 3.35 | 7.63 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$3.73 Million | CA$800.55K | CA$2.64 Million |
Independence Gold Corp - Advanced Valuation Insights
This section examines the relationship between Independence Gold 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 | 2.87 |
| Latest Market Cap to Assets Ratio | 1.12 |
| Asset Growth Rate (YoY) | 71.2% |
| Total Assets | CA$14.50 Million |
| Market Capitalization | $16.25 Million USD |
Valuation Analysis
Above Book Valuation: The market values Independence Gold Corp's assets above their book value (1.12x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Independence Gold Corp's assets grew by 71.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Independence Gold Corp (2011–2024)
The table below shows the annual total assets of Independence Gold Corp from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$14.50 Million | +71.21% |
| 2023-12-31 | CA$8.47 Million | +31.13% |
| 2022-12-31 | CA$6.46 Million | -7.92% |
| 2021-12-31 | CA$7.01 Million | -51.29% |
| 2020-12-31 | CA$14.40 Million | +15.96% |
| 2019-12-31 | CA$12.42 Million | -4.20% |
| 2018-12-31 | CA$12.96 Million | -15.38% |
| 2017-12-31 | CA$15.32 Million | -12.00% |
| 2016-12-31 | CA$17.41 Million | -1.70% |
| 2015-12-31 | CA$17.71 Million | -14.73% |
| 2014-12-31 | CA$20.77 Million | -6.47% |
| 2013-12-31 | CA$22.20 Million | -16.58% |
| 2012-12-31 | CA$26.62 Million | -13.95% |
| 2011-12-31 | CA$30.93 Million | -- |
About Independence Gold Corp
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interests in the 3Ts project comprising eight contiguous claim groups that consist of thirty-one mineral claims covering an area of approximately 35,486 hectares located in the Nechako Plateau region of cent… Read more