South Pacific Metals Corp. (SPMC) - Total Assets
Based on the latest financial reports, South Pacific Metals Corp. (SPMC) holds total assets worth CA$10.71 Million CAD as of March 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.
South Pacific Metals Corp. - Total Assets Trend (2019–2023)
This chart illustrates how South Pacific Metals Corp.'s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
South Pacific Metals Corp. - Asset Composition Analysis
Current Asset Composition (September 2023)
South Pacific Metals Corp.'s total assets of CA$10.71 Million consist of 12.7% current assets and 87.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 11.8% |
| Accounts Receivable | CA$74.00K | 0.7% |
| 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 (2019–2023)
This chart illustrates how South Pacific Metals 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: South Pacific Metals Corp.'s current assets represent 12.7% of total assets in 2023, a decrease from 100.0% in 2019.
- Cash Position: Cash and equivalents constituted 11.8% of total assets in 2023, down from 98.9% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
South Pacific Metals Corp. Competitors by Total Assets
Key competitors of South Pacific Metals Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Contango ORE Inc
NYSE MKT:CTGO
|
USA | $217.66 Million |
|
KAISER REEF LTD.
F:7YR
|
Germany | €30.24 Million |
|
Dakota Gold Corp.
NYSE MKT:DC
|
USA | $115.86 Million |
|
Rhyolite Resources Ltd
V:RYE
|
Canada | CA$6.54 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
|
CROSS RIVER VENTURES CORP
F:C6R
|
Germany | €274.30K |
South Pacific Metals Corp. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.39 | 0.64 | 0.64 |
| Quick Ratio | 0.39 | 0.64 | 0.64 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-826.00K | CA$-322.00K | CA$-322.00K |
South Pacific Metals Corp. - Advanced Valuation Insights
This section examines the relationship between South Pacific Metals 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 | 1.22 |
| Latest Market Cap to Assets Ratio | 2.28 |
| Asset Growth Rate (YoY) | 49.7% |
| Total Assets | CA$11.39 Million |
| Market Capitalization | $26.01 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values South Pacific Metals Corp.'s assets at a significant premium (2.28x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: South Pacific Metals Corp.'s assets grew by 49.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for South Pacific Metals Corp. (2019–2023)
The table below shows the annual total assets of South Pacific Metals Corp. from 2019 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-09-30 | CA$11.39 Million | +49.74% |
| 2022-09-30 | CA$7.61 Million | +121.84% |
| 2020-09-30 | CA$3.43 Million | +1586.30% |
| 2019-09-30 | CA$203.40K | -- |
About South Pacific Metals Corp.
South Pacific Metals Corp., a mineral exploration company, engages in the acquisition and exploration of mineral properties. It explores for copper, gold, and silver deposits. The company's principal projects include the Anga project that covers an area of approximately 461 square kilometers; and the Osena project consists of an area of approximately 738 square kilometers located in the Kainantu … Read more