Torchlight Innovations Inc.
Torchlight Innovations Inc. designs and develops a non-toxic, water-based solution for gold extraction. The company is headquartered in Vancouver, Canada.
Torchlight Innovations Inc. (TLX-P) - Total Assets
Latest total assets as of June 2025: CA$54.23K CAD
Based on the latest financial reports, Torchlight Innovations Inc. (TLX-P) holds total assets worth CA$54.23K CAD as of June 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.
Torchlight Innovations Inc. - Total Assets Trend (2021–2024)
This chart illustrates how Torchlight Innovations Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Torchlight Innovations Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
Torchlight Innovations Inc.'s total assets of CA$54.23K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 77.7% |
| Accounts Receivable | CA$0.00 | 0.0% |
| 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 (2021–2024)
This chart illustrates how Torchlight Innovations 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: Torchlight Innovations Inc.'s current assets represent 100.0% of total assets in 2024, unchanged from 100.0% in 2021.
- Cash Position: Cash and equivalents constituted 77.7% of total assets in 2024, down from 86.3% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Torchlight Innovations Inc. Competitors by Total Assets
Key competitors of Torchlight Innovations Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
464680
KQ:464680
|
Korea | ₩31.23 Billion |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
USA | $281.56 Million |
|
Azure Holding Group Corp
PINK:AZRH
|
USA | $16.92 Million |
|
Constellation Capital Corp.
V:CNST-P
|
Canada | CA$627.53K |
|
Little Fish Acquisition I Corp.
V:LILL-P
|
Canada | CA$56.48K |
|
Hana 30 Special Purpose Acquisition Company
KQ:469880
|
Korea | ₩17.89 Billion |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
Torchlight Innovations 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 - Torchlight Innovations 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 - Torchlight Innovations Inc. is currently not profitable relative to its asset base.
Torchlight Innovations 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 | 3.49 | 12.42 | 12.16 |
| Quick Ratio | 3.49 | 12.42 | 12.16 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$38.68K | CA$ 101.94K | CA$ 153.37K |
Torchlight Innovations Inc. - Advanced Valuation Insights
This section examines the relationship between Torchlight Innovations 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 | 2.41 |
| Latest Market Cap to Assets Ratio | 0.88 |
| Asset Growth Rate (YoY) | -38.3% |
| Total Assets | CA$90.13K |
| Market Capitalization | $79.66K USD |
Valuation Analysis
Near Book Valuation: The market values Torchlight Innovations Inc.'s assets close to their book value ( 0.88x), suggesting investors view the company's assets at approximately fair value.
Significant Asset Reduction: Torchlight Innovations Inc.'s assets decreased by 38.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Torchlight Innovations Inc. (2021–2024)
The table below shows the annual total assets of Torchlight Innovations Inc. from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$90.13K | -38.29% |
| 2023-12-31 | CA$146.07K | -30.92% |
| 2022-12-31 | CA$211.44K | +93.67% |
| 2021-12-31 | CA$109.17K | -- |