Longhorn Exploration Corp
PureWave Hydrogen Corp., an exploration stage company, engages in the acquisition and exploration of natural hydrogen and mineral properties in Canada and the United States. It primarily explores for hydrogen, copper, and gold deposits, as well as precious metals. The company holds interests in five natural hydrogen lease agreements covering an area of approximately 829.20 acres located in Kansas… Read more
Longhorn Exploration Corp (LEX) - Total Assets
Latest total assets as of May 2024: CA$721.36K CAD
Based on the latest financial reports, Longhorn Exploration Corp (LEX) holds total assets worth CA$721.36K CAD as of May 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.
Longhorn Exploration Corp - Total Assets Trend (2021–2023)
This chart illustrates how Longhorn Exploration Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Longhorn Exploration Corp - Asset Composition Analysis
Current Asset Composition (August 2023)
Longhorn Exploration Corp's total assets of CA$721.36K consist of 26.7% current assets and 73.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 26.2% |
| 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 (2021–2023)
This chart illustrates how Longhorn Exploration 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: Longhorn Exploration Corp's current assets represent 26.7% of total assets in 2023, a decrease from 50.0% in 2021.
- Cash Position: Cash and equivalents constituted 26.2% of total assets in 2023, down from 50.0% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Longhorn Exploration Corp Competitors by Total Assets
Key competitors of Longhorn Exploration Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Galileo Resources Plc
LSE:GLR
|
UK | GBX14.28 Million |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
China | CN¥20.78 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
China | CN¥23.09 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
China | CN¥10.04 Billion |
Longhorn Exploration Corp - 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 - Longhorn Exploration Corp 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 - Longhorn Exploration Corp is currently not profitable relative to its asset base.
Longhorn Exploration 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 | 114.32 | 12.45 | 19.59 |
| Quick Ratio | 114.32 | 12.45 | 19.59 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$230.04K | CA$ 157.98K | CA$ 473.59K |
Longhorn Exploration Corp - Advanced Valuation Insights
This section examines the relationship between Longhorn Exploration 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 | 3.80 |
| Latest Market Cap to Assets Ratio | 3.06 |
| Asset Growth Rate (YoY) | -12.6% |
| Total Assets | CA$613.27K |
| Market Capitalization | $1.88 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Longhorn Exploration Corp's assets at a significant premium ( 3.06x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Longhorn Exploration Corp's assets decreased by 12.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Longhorn Exploration Corp (2021–2023)
The table below shows the annual total assets of Longhorn Exploration Corp from 2021 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-08-31 | CA$613.27K | -12.64% |
| 2022-08-31 | CA$702.03K | +169.34% |
| 2021-08-31 | CA$260.65K | -- |