Tectonic Metals Inc (TECT) - Total Assets
Based on the latest financial reports, Tectonic Metals Inc (TECT) holds total assets worth CA$22.86 Million CAD (≈ $16.54 Million USD) 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. See Tectonic Metals Inc (TECT) net asset quality to measure how much of total assets are equity-financed.
Tectonic Metals Inc - Total Assets Trend (2018–2024)
This chart illustrates how Tectonic Metals Inc's total assets have evolved over time, based on quarterly financial data. Check TECT tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Tectonic Metals Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Tectonic Metals Inc's total assets of CA$22.86 Million consist of 69.2% current assets and 30.8% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 52.2% |
| Accounts Receivable | CA$12.90K | 0.3% |
| 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 (2018–2024)
This chart illustrates how Tectonic Metals 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. For live market cap, price, and company overview, see how much is Tectonic Metals Inc worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Tectonic Metals Inc's current assets represent 69.2% of total assets in 2024, a decrease from 84.7% in 2018.
- Cash Position: Cash and equivalents constituted 52.2% of total assets in 2024, down from 81.0% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 0.3% of total assets.
Tectonic Metals Inc Competitors by Total Assets
Key competitors of Tectonic Metals Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Barrick Mining Corporation
NYSE:B
|
USA | $52.76 Billion |
|
Wheaton Precious Metals Corp
TO:WPM
|
Canada | CA$9.85 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
South Africa | ZAC15.77 Billion |
|
Gold Fields Ltd ADR
NYSE:GFI
|
USA | $15.23 Billion |
|
Kinross Gold Corp
TO:K
|
Canada | CA$12.88 Billion |
|
Pan American Silver Corp
TO:PAAS
|
Canada | CA$9.72 Billion |
|
Coeur Mining Inc
NYSE:CDE
|
USA | $15.26 Billion |
|
Northern Star Resources Limited
F:NS7
|
Germany | €20.43 Billion |
Tectonic Metals 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 | 6.78 | 2.28 | 13.16 |
| Quick Ratio | 6.78 | 2.28 | 13.16 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$18.41 Million | CA$1.20 Million | CA$3.26 Million |
Tectonic Metals Inc - Advanced Valuation Insights
This section examines the relationship between Tectonic Metals 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 | 11.56 |
| Latest Market Cap to Assets Ratio | 44.85 |
| Asset Growth Rate (YoY) | 0.9% |
| Total Assets | CA$3.78 Million |
| Market Capitalization | $169.49 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Tectonic Metals Inc's assets at a significant premium (44.85x), suggesting investors see substantial growth potential or unique competitive advantages.
Positive Asset Growth: Tectonic Metals Inc's assets grew by 0.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Tectonic Metals Inc (2018–2024)
The table below shows the annual total assets of Tectonic Metals Inc from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$3.78 Million ≈ $2.73 Million |
+0.90% |
| 2023-12-31 | CA$3.75 Million ≈ $2.71 Million |
+11.16% |
| 2022-12-31 | CA$3.37 Million ≈ $2.44 Million |
+76.63% |
| 2021-12-31 | CA$1.91 Million ≈ $1.38 Million |
-54.07% |
| 2020-12-31 | CA$4.15 Million ≈ $3.00 Million |
+67.90% |
| 2019-12-31 | CA$2.47 Million ≈ $1.79 Million |
-3.63% |
| 2018-12-31 | CA$2.57 Million ≈ $1.86 Million |
-- |
About Tectonic Metals Inc
Tectonic Metals Inc. engages in the acquisition, exploration, and development of mineral resources in the United States. The company primarily explores for gold deposits. It holds interests in the Tibbs project located in Fairbanks Recording District, Alaska; the Flat project situated in the Kuskokwim Mineral Belt, Alaska; and the Porterfield project located in Mt. McKinley Recording District, Al… Read more