Tenth Avenue Petroleum Corp
Tenth Avenue Petroleum Corp. engages in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company was formerly known as Jadela Oil Corp. and changed its name to Tenth Avenue Petroleum Corp. in May 2015. Tenth Avenue Petroleum Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.
Tenth Avenue Petroleum Corp (TPC) - Total Assets
Latest total assets as of September 2025: CA$6.46 Million CAD
Based on the latest financial reports, Tenth Avenue Petroleum Corp (TPC) holds total assets worth CA$6.46 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.
Tenth Avenue Petroleum Corp - Total Assets Trend (2013–2024)
This chart illustrates how Tenth Avenue Petroleum Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Tenth Avenue Petroleum Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Tenth Avenue Petroleum Corp's total assets of CA$6.46 Million consist of 9.4% current assets and 90.6% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0.6% |
| Accounts Receivable | CA$189.13K | 2.6% |
| 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 Tenth Avenue Petroleum 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: Tenth Avenue Petroleum Corp's current assets represent 9.4% of total assets in 2024, a decrease from 29.3% in 2013.
- Cash Position: Cash and equivalents constituted 0.6% of total assets in 2024, down 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 2.6% of total assets.
Tenth Avenue Petroleum Corp Competitors by Total Assets
Key competitors of Tenth Avenue Petroleum Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Tenth Avenue Petroleum Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Tenth Avenue Petroleum Corp generates 0.38x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Tenth Avenue Petroleum Corp is currently not profitable relative to its asset base.
Tenth Avenue Petroleum Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.32 | 0.55 | 0.17 |
| Quick Ratio | 0.32 | 0.55 | 0.17 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-1.19 Million | CA$ -598.97K | CA$ -365.07K |
Tenth Avenue Petroleum Corp - Advanced Valuation Insights
This section examines the relationship between Tenth Avenue Petroleum 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 | 188.74 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | 24.5% |
| Total Assets | CA$7.37 Million |
| Market Capitalization | $1.04 Million USD |
Valuation Analysis
Below Book Valuation: The market values Tenth Avenue Petroleum Corp's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Tenth Avenue Petroleum Corp's assets grew by 24.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Tenth Avenue Petroleum Corp (2013–2024)
The table below shows the annual total assets of Tenth Avenue Petroleum Corp from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$7.37 Million | +24.48% |
| 2023-12-31 | CA$5.92 Million | -16.29% |
| 2022-12-31 | CA$7.07 Million | +278.26% |
| 2021-12-31 | CA$1.87 Million | -19.32% |
| 2020-12-31 | CA$2.32 Million | +17.44% |
| 2019-12-31 | CA$1.97 Million | +6.14% |
| 2017-12-31 | CA$1.86 Million | +327.48% |
| 2016-12-31 | CA$434.60K | -14.93% |
| 2015-12-31 | CA$510.90K | -45.25% |
| 2014-12-31 | CA$933.11K | -15.99% |
| 2013-12-31 | CA$1.11 Million | -- |