Atlas Salt Inc
Atlas Salt Inc. engages in the evaluation and exploration of mineral properties in Newfoundland and Labrador, Canada. The company explores for salt, gypsum, and nepheline deposits. Its principal asset is the 100% owned Great Atlantic salt project in the St. George's Bay Basin of western Newfoundland. The company was formerly known as Red Moon Resources Inc. and changed its name to Atlas Salt Inc.… Read more
Atlas Salt Inc (SALT) - Total Assets
Latest total assets as of September 2025: CA$19.63 Million CAD
Based on the latest financial reports, Atlas Salt Inc (SALT) holds total assets worth CA$19.63 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.
Atlas Salt Inc - Total Assets Trend (2017–2024)
This chart illustrates how Atlas Salt Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Atlas Salt Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Atlas Salt Inc's total assets of CA$19.63 Million consist of 39.2% current assets and 60.8% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 36.6% |
| Accounts Receivable | CA$445.05K | 2.0% |
| 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 (2017–2024)
This chart illustrates how Atlas Salt 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Atlas Salt Inc's current assets represent 39.2% of total assets in 2024, an increase from 2.7% in 2017.
- Cash Position: Cash and equivalents constituted 36.6% of total assets in 2024, up from 1.4% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 2.0% of total assets.
Atlas Salt Inc Competitors by Total Assets
Key competitors of Atlas Salt Inc 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 |
Atlas Salt Inc - 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 - Atlas Salt Inc 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 - Atlas Salt Inc is currently not profitable relative to its asset base.
Atlas Salt 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 | 2.12 | 24.23 | 2.90 |
| Quick Ratio | 2.12 | 24.23 | 2.90 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$1.02 Million | CA$ 8.93 Million | CA$ 245.67K |
Atlas Salt Inc - Advanced Valuation Insights
This section examines the relationship between Atlas Salt 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 | 5.29 |
| Latest Market Cap to Assets Ratio | 2.03 |
| Asset Growth Rate (YoY) | -1.8% |
| Total Assets | CA$21.97 Million |
| Market Capitalization | $44.65 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Atlas Salt Inc's assets at a significant premium ( 2.03x), suggesting investors see substantial growth potential or unique competitive advantages.
Slight Asset Contraction: Atlas Salt Inc's assets decreased by 1.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Atlas Salt Inc (2017–2024)
The table below shows the annual total assets of Atlas Salt Inc from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$21.97 Million | -1.83% |
| 2023-12-31 | CA$22.37 Million | +39.43% |
| 2022-12-31 | CA$16.05 Million | +42.60% |
| 2021-12-31 | CA$11.25 Million | +443.20% |
| 2020-12-31 | CA$2.07 Million | -5.22% |
| 2019-12-31 | CA$2.19 Million | +3.97% |
| 2018-12-31 | CA$2.10 Million | +0.31% |
| 2017-12-31 | CA$2.10 Million | -- |