Millennial Potash Corp. (MLP) - Total Assets
Based on the latest financial reports, Millennial Potash Corp. (MLP) holds total assets worth CA$10.82 Million CAD (≈ $7.82 Million USD) 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. See MLP net assets for net asset value and shareholders' equity analysis.
Millennial Potash Corp. - Total Assets Trend (2020–2023)
This chart illustrates how Millennial Potash Corp.'s total assets have evolved over time, based on quarterly financial data.
Millennial Potash Corp. - Asset Composition Analysis
Current Asset Composition (August 2023)
Millennial Potash Corp.'s total assets of CA$10.82 Million consist of 41.5% current assets and 58.5% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 23.5% |
| Accounts Receivable | CA$29.23K | 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 (2020–2023)
This chart illustrates how Millennial Potash 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 MLP stock market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Millennial Potash Corp.'s current assets represent 41.5% of total assets in 2023, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 23.5% of total assets in 2023, down from 100.0% 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 accounts receivable at 0.4% of total assets.
Millennial Potash Corp. Competitors by Total Assets
Key competitors of Millennial Potash Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Teck Resources Limited
TO:TECK-B
|
Canada | CA$44.55 Billion |
|
Pilbara Minerals Ltd
AU:PLS
|
Australia | AU$4.70 Billion |
|
SOUTH32 Ltd
AU:S32
|
Australia | AU$13.80 Billion |
|
Inner Mongolia Xingye Mining Co Ltd
SHE:000426
|
China | CN¥17.51 Billion |
|
Yunnan Chihong Zinc&Germanium Co Ltd
SHG:600497
|
China | CN¥25.91 Billion |
|
Liontown Resources Ltd
AU:LTR
|
Australia | AU$1.56 Billion |
|
Evolution Metals & Technologies Corp. Common Stock
NASDAQ:EMAT
|
USA | $6.57 Million |
|
Tibet Summit Resources Co Ltd
SHG:600338
|
China | CN¥6.67 Billion |
Millennial Potash 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 | 1.70 | 6.68 | 6.68 |
| Quick Ratio | 1.70 | 6.68 | 6.68 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$527.40K | CA$2.82 Million | CA$2.82 Million |
Millennial Potash Corp. - Advanced Valuation Insights
This section examines the relationship between Millennial Potash 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 | 9.86 |
| Latest Market Cap to Assets Ratio | 27.41 |
| Asset Growth Rate (YoY) | 38.9% |
| Total Assets | CA$6.92 Million |
| Market Capitalization | $189.79 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Millennial Potash Corp.'s assets at a significant premium (27.41x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Millennial Potash Corp.'s assets grew by 38.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Millennial Potash Corp. (2020–2023)
The table below shows the annual total assets of Millennial Potash Corp. from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-08-31 | CA$6.92 Million ≈ $5.01 Million |
+38.86% |
| 2022-08-31 | CA$4.99 Million ≈ $3.61 Million |
+1.47% |
| 2021-08-31 | CA$4.91 Million ≈ $3.56 Million |
+515.34% |
| 2020-08-31 | CA$798.66K ≈ $577.74K |
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About Millennial Potash Corp.
Millennial Potash Corp. engages in the acquisition, exploration, and development of mineral properties with a primary focus on potash deposits. It holds an option to acquire a 100% interest in the Banio Potash project located on the Atlantic coast of Gabon, Western Africa. The company was formerly known as Black Mountain Gold USA Corp. and changed its name to Millennial Potash Corp. in January 20… Read more