Independence Gold Corp (IGO) - Total Assets
Based on the latest financial reports, Independence Gold Corp (IGO) holds total assets worth CA$11.04 Million CAD (≈ $7.99 Million USD) as of December 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 IGO debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Independence Gold Corp - Total Assets Trend (2011–2025)
This chart illustrates how Independence Gold Corp's total assets have evolved over time, based on quarterly financial data. See net assets of Independence Gold Corp for net asset value and shareholders' equity analysis.
Independence Gold Corp - Asset Composition Analysis
Current Asset Composition (December 2025)
Independence Gold Corp's total assets of CA$11.04 Million consist of 58.8% current assets and 41.2% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 57.9% |
| 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 (2011–2025)
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. For live market cap, price, and company overview, see IGO market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Independence Gold Corp's current assets represent 58.8% of total assets in 2025, an increase from 52.1% in 2011.
- Cash Position: Cash and equivalents constituted 57.9% of total assets in 2025, 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 |
|---|---|---|
|
Barrick Mining Corporation
NYSE:B
|
USA | $52.76 Billion |
|
Gold Fields Ltd ADR
NYSE:GFI
|
USA | $15.23 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
South Africa | ZAC15.77 Billion |
|
Kinross Gold Corp
TO:K
|
Canada | CA$12.88 Billion |
|
Northern Star Resources Ltd
AU:NST
|
Australia | AU$20.70 Billion |
|
Lundin Gold Inc
TO:LUG
|
Canada | CA$1.64 Billion |
|
Dundee Precious Metals Inc
TO:DPM
|
Canada | CA$3.20 Billion |
|
Genesis Minerals Ltd
AU:GMD
|
Australia | AU$2.01 Billion |
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 | 6.44 | 7.17 | 3.99 |
| Quick Ratio | 6.44 | 7.17 | 3.99 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$5.49 Million | CA$8.54 Million | CA$1.81 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 | 3.03 |
| Latest Market Cap to Assets Ratio | 1.82 |
| Asset Growth Rate (YoY) | -23.9% |
| Total Assets | CA$11.04 Million |
| Market Capitalization | $20.05 Million USD |
Valuation Analysis
Above Book Valuation: The market values Independence Gold Corp's assets above their book value (1.82x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Independence Gold Corp's assets decreased by 23.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Independence Gold Corp (2011–2025)
The table below shows the annual total assets of Independence Gold Corp from 2011 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CA$11.04 Million ≈ $7.99 Million |
-23.85% |
| 2024-12-31 | CA$14.50 Million ≈ $10.49 Million |
+71.21% |
| 2023-12-31 | CA$8.47 Million ≈ $6.13 Million |
+31.13% |
| 2022-12-31 | CA$6.46 Million ≈ $4.67 Million |
-7.92% |
| 2021-12-31 | CA$7.01 Million ≈ $5.07 Million |
-51.29% |
| 2020-12-31 | CA$14.40 Million ≈ $10.42 Million |
+15.96% |
| 2019-12-31 | CA$12.42 Million ≈ $8.98 Million |
-4.20% |
| 2018-12-31 | CA$12.96 Million ≈ $9.38 Million |
-15.38% |
| 2017-12-31 | CA$15.32 Million ≈ $11.08 Million |
-12.00% |
| 2016-12-31 | CA$17.41 Million ≈ $12.59 Million |
-1.70% |
| 2015-12-31 | CA$17.71 Million ≈ $12.81 Million |
-14.73% |
| 2014-12-31 | CA$20.77 Million ≈ $15.02 Million |
-6.47% |
| 2013-12-31 | CA$22.20 Million ≈ $16.06 Million |
-16.58% |
| 2012-12-31 | CA$26.62 Million ≈ $19.25 Million |
-13.95% |
| 2011-12-31 | CA$30.93 Million ≈ $22.38 Million |
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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