Millbank Mining Corp.
Millbank Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. It holds a 100% interest in the Arthur Lake property, which include tow claims covering an area of approximately 543 hectares located in southwest of Vanderhoof, British Columbia; and 100% interest the Blakelock hydrogen project comprising 109 mineral claims that covers an area of 2,207… Read more
Millbank Mining Corp. (MILL) - Total Assets
Latest total assets as of May 2024: CA$266.40K CAD
Based on the latest financial reports, Millbank Mining Corp. (MILL) holds total assets worth CA$266.40K 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.
Millbank Mining Corp. - Total Assets Trend (2020–2023)
This chart illustrates how Millbank Mining Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Millbank Mining Corp. - Asset Composition Analysis
Current Asset Composition (November 2023)
Millbank Mining Corp.'s total assets of CA$266.40K consist of 37.8% current assets and 62.2% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 32.5% |
| 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 (2020–2023)
This chart illustrates how Millbank Mining 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: Millbank Mining Corp.'s current assets represent 37.8% of total assets in 2023, a decrease from 85.0% in 2020.
- Cash Position: Cash and equivalents constituted 32.5% of total assets in 2023, down from 85.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Millbank Mining Corp. Competitors by Total Assets
Key competitors of Millbank Mining Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Great Quest Fertilizer Ltd
PINK:GQMLF
|
USA | $127.20K |
|
GRDV
PINK:GRDV
|
USA | $273.00 |
|
Napier Ventures Inc
PINK:NPRVF
|
USA | $66.28 |
|
Placer Creek Mining
OTCGREY:PRCK
|
USA | $692.65K |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426
|
China | CN¥17.51 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 |
Millbank Mining 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 - Millbank Mining 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 - Millbank Mining Corp. is currently not profitable relative to its asset base.
Millbank Mining 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 | 4.69 | 28.32 | 27.76 |
| Quick Ratio | 4.69 | 28.32 | 27.76 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$51.17K | CA$ 149.95K | CA$ 475.09K |
Millbank Mining Corp. - Advanced Valuation Insights
This section examines the relationship between Millbank Mining 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 | 15.04 |
| Latest Market Cap to Assets Ratio | 19.91 |
| Asset Growth Rate (YoY) | -23.2% |
| Total Assets | CA$323.65K |
| Market Capitalization | $6.44 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Millbank Mining Corp.'s assets at a significant premium ( 19.91x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Millbank Mining Corp.'s assets decreased by 23.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Millbank Mining Corp. (2020–2023)
The table below shows the annual total assets of Millbank Mining Corp. from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-11-30 | CA$323.65K | -23.23% |
| 2022-11-30 | CA$421.60K | -23.86% |
| 2021-11-30 | CA$553.70K | +47.04% |
| 2020-11-30 | CA$376.56K | -- |