Visible Gold Mines Inc (VGD) - Total Assets
Based on the latest financial reports, Visible Gold Mines Inc (VGD) holds total assets worth CA$2.73 Million CAD (≈ $1.97 Million USD) as of January 2026. 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. Explore Visible Gold Mines Inc debt service capacity to assess how comfortably operating cash covers total debt obligations.
Visible Gold Mines Inc - Total Assets Trend (2007–2025)
This chart illustrates how Visible Gold Mines Inc's total assets have evolved over time, based on quarterly financial data. See VGD total equity for net asset value and shareholders' equity analysis.
Visible Gold Mines Inc - Asset Composition Analysis
Current Asset Composition (July 2025)
Visible Gold Mines Inc's total assets of CA$2.73 Million consist of 21.4% current assets and 78.6% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 11.5% |
| 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 (2007–2025)
This chart illustrates how Visible Gold Mines 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 VGD company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Visible Gold Mines Inc's current assets represent 21.4% of total assets in 2025, a decrease from 44.3% in 2007.
- Cash Position: Cash and equivalents constituted 11.5% of total assets in 2025, up from 6.9% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2007.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Visible Gold Mines Inc Competitors by Total Assets
Key competitors of Visible Gold Mines Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
FLYNN Gold Ltd
AU:FG1
|
Australia | AU$1.61 Million |
|
Northern Star Resources Ltd
AU:NST
|
Australia | AU$20.70 Billion |
|
Franco-Nevada Corporation
TO:FNV
|
Canada | CA$8.23 Billion |
|
Gold Fields Ltd ADR
NYSE:GFI
|
USA | $15.23 Billion |
|
AngloGold Ashanti Ltd
JSE:ANG
|
South Africa | ZAC15.77 Billion |
|
Pan American Silver Corp
TO:PAAS
|
Canada | CA$10.13 Billion |
|
Lundin Gold Inc
TO:LUG
|
Canada | CA$1.64 Billion |
|
Harmony Gold Mining Company Ltd
BA:HMY
|
Argentina | AR$68.90 Billion |
Visible Gold Mines 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 | 10.43 | 0.13 | 3.14 |
| Quick Ratio | 10.43 | 0.13 | 3.14 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$679.69K | CA$-361.35K | CA$252.98K |
Visible Gold Mines Inc - Advanced Valuation Insights
This section examines the relationship between Visible Gold Mines 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 | 2.05 |
| Latest Market Cap to Assets Ratio | 28.31 |
| Asset Growth Rate (YoY) | -39.1% |
| Total Assets | CA$142.40K |
| Market Capitalization | $4.03 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Visible Gold Mines Inc's assets at a significant premium (28.31x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Visible Gold Mines Inc's assets decreased by 39.1% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Visible Gold Mines Inc (2007–2025)
The table below shows the annual total assets of Visible Gold Mines Inc from 2007 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-07-31 | CA$142.40K ≈ $103.01K |
-39.11% |
| 2024-07-31 | CA$233.86K ≈ $169.17K |
-70.66% |
| 2023-07-31 | CA$796.95K ≈ $576.50K |
-46.00% |
| 2022-07-31 | CA$1.48 Million ≈ $1.07 Million |
-73.07% |
| 2021-07-31 | CA$5.48 Million ≈ $3.96 Million |
+5.32% |
| 2020-07-31 | CA$5.20 Million ≈ $3.76 Million |
+1.23% |
| 2019-07-31 | CA$5.14 Million ≈ $3.72 Million |
-37.53% |
| 2018-07-31 | CA$8.23 Million ≈ $5.95 Million |
+0.03% |
| 2017-07-31 | CA$8.23 Million ≈ $5.95 Million |
-8.72% |
| 2016-07-31 | CA$9.01 Million ≈ $6.52 Million |
+12.67% |
| 2015-07-31 | CA$8.00 Million ≈ $5.79 Million |
-20.26% |
| 2014-07-31 | CA$10.03 Million ≈ $7.26 Million |
-8.55% |
| 2013-07-31 | CA$10.97 Million ≈ $7.93 Million |
-22.74% |
| 2012-07-31 | CA$14.20 Million ≈ $10.27 Million |
+5.64% |
| 2011-07-31 | CA$13.44 Million ≈ $9.72 Million |
+187.29% |
| 2010-07-31 | CA$4.68 Million ≈ $3.38 Million |
-10.14% |
| 2009-07-31 | CA$5.21 Million ≈ $3.77 Million |
-11.19% |
| 2008-07-31 | CA$5.86 Million ≈ $4.24 Million |
+1.89% |
| 2007-07-31 | CA$5.75 Million ≈ $4.16 Million |
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About Visible Gold Mines Inc
Visible Gold Mines Inc. engages in the acquisition and exploration of mineral properties in Canada. Its flagship property includes Horsefly property that comprises 392 mining claims located in the Eeyou Istchee James Bay region of Québec. The company primarily explores for gold and lithium deposits. Visible Gold Mines Inc. was incorporated in 2007 and is headquartered in Rouyn-Noranda, Canada.