True North Gems Inc Total Assets
True North Gems Inc total assets. Based on the latest financial reports, True North Gems Inc (TGX) holds total assets worth CA$87.63K CAD (≈ $63.39K 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. Also see True North Gems Inc (TGX) total market value for the company's overall valuation and market capitalisation.
Total Assets of True North Gems Inc (2013–2024)
Total assets of True North Gems Inc from 2013 to 2024. This chart illustrates how True North Gems Inc's total assets have evolved over time, based on quarterly financial data. See TGX stock price for real-time trading data and today's change.
True North Gems Inc - Asset Composition Analysis
True North Gems Inc Total Assets Breakdown (December 2024)
True North Gems Inc total assets breakdown as of December 2024. True North Gems Inc's total assets of CA$87.63K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 1.3% |
| Accounts Receivable | CA$19.30K | 18.0% |
| 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 (2013–2024)
This chart illustrates how True North Gems 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. Explore True North Gems Inc short-term liquidity ratio to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: True North Gems Inc's current assets represent 100.0% of total assets in 2024, an increase from 3.1% in 2013.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2024, up from 1.1% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 18.0% of total assets.
True North Gems Inc Competitors by Total Assets
Key competitors of True North Gems Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sinda Ltd.
NYSE:SIND
|
USA | $33.59 Million |
|
AbraSilver Resource Corp.
TO:ABRA
|
Canada | CA$55.15 Million |
|
Zimplats Holdings Ltd
AU:ZIM
|
Australia | AU$2.92 Billion |
|
Aic Mines Ltd
AU:A1M
|
Australia | AU$376.92 Million |
|
Vox Royalty Corp.
TO:VOXR
|
Canada | CA$162.97 Million |
|
Antipa Minerals Ltd
AU:AZY
|
Australia | AU$140.57 Million |
|
Medallion Metals Ltd
AU:MM8
|
Australia | AU$28.93 Million |
|
Southern Palladium Ltd
AU:SPD
|
Australia | AU$43.72 Million |
True North Gems Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.91 | 1.79 | 0.09 |
| Quick Ratio | 0.91 | 1.79 | 0.09 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-8.92K | CA$34.39K | CA$-5.98 Million |
True North Gems Inc - Advanced Valuation Insights
This section examines the relationship between True North Gems 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 | 0.05 |
| Latest Market Cap to Assets Ratio | 13.06 |
| Asset Growth Rate (YoY) | 20.7% |
| Total Assets | CA$107.08K |
| Market Capitalization | $1.40 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values True North Gems Inc's assets at a significant premium (13.06x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: True North Gems Inc's assets grew by 20.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for True North Gems Inc (2013–2024)
The table below shows the annual total assets of True North Gems Inc from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$107.08K ≈ $77.46K |
+20.71% |
| 2023-12-31 | CA$88.72K ≈ $64.18K |
-43.03% |
| 2022-12-31 | CA$155.72K ≈ $112.64K |
-80.11% |
| 2021-12-31 | CA$782.89K ≈ $566.33K |
+25.50% |
| 2020-12-31 | CA$623.79K ≈ $451.24K |
+582.71% |
| 2019-12-31 | CA$91.37K ≈ $66.10K |
-84.86% |
| 2018-12-31 | CA$603.53K ≈ $436.59K |
+550.06% |
| 2017-12-31 | CA$92.84K ≈ $67.16K |
-91.53% |
| 2016-12-31 | CA$1.10 Million ≈ $792.59K |
-97.84% |
| 2015-12-31 | CA$50.73 Million ≈ $36.69 Million |
+58.17% |
| 2014-12-31 | CA$32.07 Million ≈ $23.20 Million |
+26.99% |
| 2013-12-31 | CA$25.26 Million ≈ $18.27 Million |
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About True North Gems Inc
TGX Energy & Resources Inc. engages in the exploration and evaluation of natural resource properties in Canada. It owns interests in the True Blue Property that consists of 303 mining claims located in the Watson Lake Mining District; and Nabikok Property, which consists of 155 claims located in the Abitibi region of northwestern Quebec. The company was formerly known as True North Gems Inc. and … Read more