OnGold Resources Ltd.
ONGold Resources Ltd. operates as a mineral exploration and evaluation company in Ontario, Canada. It explores for gold, silver, and copper deposits. The company was formerly known as 1348515 B.C. Ltd. and changed its name to ONGold Resources Inc. in April 2024. The company was incorporated in 2022 and is headquartered in Toronto, Canada.
OnGold Resources Ltd. (ONAU) - Total Assets
Latest total assets as of September 2025: CA$2.56 Million CAD
Based on the latest financial reports, OnGold Resources Ltd. (ONAU) holds total assets worth CA$2.56 Million CAD as of September 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.
OnGold Resources Ltd. - Total Assets Trend (2022–2024)
This chart illustrates how OnGold Resources Ltd.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
OnGold Resources Ltd. - Asset Composition Analysis
Current Asset Composition (December 2024)
OnGold Resources Ltd.'s total assets of CA$2.56 Million consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 95.4% |
| Accounts Receivable | CA$227.25K | 3.7% |
| 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 (2022–2024)
This chart illustrates how OnGold Resources Ltd.'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: OnGold Resources Ltd.'s current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2022.
- Cash Position: Cash and equivalents constituted 95.4% of total assets in 2024, down from 100.0% in 2022.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2022.
- Asset Diversification: The largest asset category is accounts receivable at 3.7% of total assets.
OnGold Resources Ltd. Competitors by Total Assets
Key competitors of OnGold Resources Ltd. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
OnGold Resources Ltd. - 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 - OnGold Resources Ltd. 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 - OnGold Resources Ltd. is currently not profitable relative to its asset base.
OnGold Resources Ltd. - 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 | 1.35 | 32.53 | 32.53 |
| Quick Ratio | 1.35 | 32.53 | 32.53 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$660.51K | CA$ 3.53 Million | CA$ 3.53 Million |
OnGold Resources Ltd. - Advanced Valuation Insights
This section examines the relationship between OnGold Resources Ltd.'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 | 1187.05 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 0.0% |
| Total Assets | CA$6.14 Million |
| Market Capitalization | $7.52K USD |
Valuation Analysis
Below Book Valuation: The market values OnGold Resources Ltd.'s assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: OnGold Resources Ltd.'s assets decreased by 0.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for OnGold Resources Ltd. (2022–2024)
The table below shows the annual total assets of OnGold Resources Ltd. from 2022 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$6.14 Million | -- |
| 2023-12-31 | CA$0.00 | -- |
| 2022-12-31 | CA$38.62K | -- |