Labrador Gold Corp (LAB) - Total Assets
Based on the latest financial reports, Labrador Gold Corp (LAB) holds total assets worth CA$24.77 Million CAD as of June 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.
Labrador Gold Corp - Total Assets Trend (2016–2024)
This chart illustrates how Labrador Gold Corp's total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Labrador Gold Corp - Asset Composition Analysis
Current Asset Composition (September 2024)
Labrador Gold Corp's total assets of CA$24.77 Million consist of 77.5% current assets and 22.5% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 19.3% |
| Accounts Receivable | CA$117.60K | 0.4% |
| 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 (2016–2024)
This chart illustrates how Labrador 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: Labrador Gold Corp's current assets represent 77.5% of total assets in 2024, an increase from 2.5% in 2016.
- Cash Position: Cash and equivalents constituted 19.3% of total assets in 2024, up from 1.8% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 0.4% of total assets.
Labrador Gold Corp Competitors by Total Assets
Key competitors of Labrador 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 |
Labrador 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 | 74.77 | 60.39 | 26.81 |
| Quick Ratio | 74.77 | 60.39 | 26.81 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$17.89 Million | CA$6.58 Million | CA$6.22 Million |
Labrador Gold Corp - Advanced Valuation Insights
This section examines the relationship between Labrador 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 | 0.87 |
| Latest Market Cap to Assets Ratio | 0.27 |
| Asset Growth Rate (YoY) | -37.7% |
| Total Assets | CA$31.45 Million |
| Market Capitalization | $8.61 Million USD |
Valuation Analysis
Below Book Valuation: The market values Labrador Gold Corp's assets below their book value (0.27x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Labrador Gold Corp's assets decreased by 37.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Labrador Gold Corp (2016–2024)
The table below shows the annual total assets of Labrador Gold Corp from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-09-30 | CA$31.45 Million | -37.68% |
| 2023-09-30 | CA$50.45 Million | -0.77% |
| 2022-09-30 | CA$50.84 Million | +9.59% |
| 2021-09-30 | CA$46.40 Million | +235.95% |
| 2020-09-30 | CA$13.81 Million | +102.48% |
| 2019-09-30 | CA$6.82 Million | +6.73% |
| 2018-09-30 | CA$6.39 Million | +498.26% |
| 2017-09-30 | CA$1.07 Million | +93.08% |
| 2016-09-30 | CA$553.23K | -- |
About Labrador Gold Corp
Labrador Gold Corp. engages in the acquisition and exploration of gold properties in the Americas. The company explores for copper and silver deposits. It owns 100% interest in the Borden Lake property that comprises 219 claims located in Chapleau, Ontario; and the Scotch property consists of 16 claims located in Moncton, New Brunswick. In addition, the company holds 100% interest in the Kingsway… Read more