McChip Resources Inc (MCS) - Total Assets
Based on the latest financial reports, McChip Resources Inc (MCS) holds total assets worth CA$14.57 Million CAD (≈ $10.54 Million USD) as of March 2026. 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 McChip Resources Inc (MCS) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
McChip Resources Inc - Total Assets Trend (2013–2025)
This chart illustrates how McChip Resources Inc's total assets have evolved over time, based on quarterly financial data. See MCS book value for net asset value and shareholders' equity analysis.
McChip Resources Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
McChip Resources Inc's total assets of CA$14.57 Million consist of 77.8% current assets and 22.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 33.4% |
| Accounts Receivable | CA$27.85K | 0.2% |
| 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 (2013–2025)
This chart illustrates how McChip Resources 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. For live market cap, price, and company overview, see market value of McChip Resources Inc.
Key Asset Composition Facts
- Current vs. Non-Current Assets: McChip Resources Inc's current assets represent 77.8% of total assets in 2025, an increase from 34.8% in 2013.
- Cash Position: Cash and equivalents constituted 33.4% of total assets in 2025, up from 3.1% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 0.2% of total assets.
McChip Resources Inc Competitors by Total Assets
Key competitors of McChip Resources Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
ARC Resources Ltd.
TO:ARX
|
Canada | CA$14.18 Billion |
|
Devon Energy Corporation
NYSE:DVN
|
USA | $32.54 Billion |
|
Ithaca Energy PLC
LSE:ITH
|
UK | £12.10 Billion |
|
APA Corporation
NASDAQ:APA
|
USA | $18.08 Billion |
|
Gulfport Energy Operating Corp
NYSE:GPOR
|
USA | $3.08 Billion |
|
International Petroleum Corp
TO:IPCO
|
Canada | CA$1.98 Billion |
|
Talos Energy
NYSE:TALO
|
USA | $5.27 Billion |
|
Spartan Delta Corp
TO:SDE
|
Canada | CA$1.35 Billion |
McChip Resources 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 | 70.47 | 37.08 | 7.53 |
| Quick Ratio | 70.47 | 37.08 | 7.53 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$13.14 Million | CA$10.06 Million | CA$6.03 Million |
McChip Resources Inc - Advanced Valuation Insights
This section examines the relationship between McChip Resources 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 | 0.35 |
| Latest Market Cap to Assets Ratio | 0.24 |
| Asset Growth Rate (YoY) | 20.0% |
| Total Assets | CA$15.39 Million |
| Market Capitalization | $3.62 Million USD |
Valuation Analysis
Below Book Valuation: The market values McChip Resources Inc's assets below their book value (0.24x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: McChip Resources Inc's assets grew by 20.0% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for McChip Resources Inc (2013–2025)
The table below shows the annual total assets of McChip Resources Inc from 2013 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | CA$15.39 Million ≈ $11.14 Million |
+20.00% |
| 2024-12-31 | CA$12.83 Million ≈ $9.28 Million |
+24.02% |
| 2023-12-31 | CA$10.34 Million ≈ $7.48 Million |
+5.53% |
| 2022-12-31 | CA$9.80 Million ≈ $7.09 Million |
+1.62% |
| 2021-12-31 | CA$9.65 Million ≈ $6.98 Million |
+17.83% |
| 2020-12-31 | CA$8.19 Million ≈ $5.92 Million |
+17.32% |
| 2019-12-31 | CA$6.98 Million ≈ $5.05 Million |
+12.09% |
| 2018-12-31 | CA$6.23 Million ≈ $4.50 Million |
-11.79% |
| 2017-12-31 | CA$7.06 Million ≈ $5.11 Million |
+68.70% |
| 2016-12-31 | CA$4.18 Million ≈ $3.03 Million |
+20.64% |
| 2015-12-31 | CA$3.47 Million ≈ $2.51 Million |
-8.04% |
| 2014-12-31 | CA$3.77 Million ≈ $2.73 Million |
-17.71% |
| 2013-12-31 | CA$4.58 Million ≈ $3.31 Million |
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About McChip Resources Inc
McChip Resources Inc. engages in the natural resource industry in Canada. The company invests in petroleum interests, direct in interests, and indirect in minerals, such as marketable securities and investment in other companies. It also holds interests in the Saskatchewan Potash project located in the province of Saskatchewan. The company was formerly known as Madsen Red Lake Gold Mines Limited … Read more