Norse Gold Corp
Norse Gold Corp. engages in the acquisition, exploration, development, and evaluation of natural resources properties in Canada. The company primarily explores for gold deposits. It holds interest in the Yellowknife Gold project located in the Northwest Territories, Canada. The company was formerly known as Troy Energy Corp. and changed its name to Norse Gold Corp. in June 2020. Norse Gold Corp. … Read more
Norse Gold Corp (VKG-H) - Total Assets
Latest total assets as of September 2025: CA$1.01 Million CAD
Based on the latest financial reports, Norse Gold Corp (VKG-H) holds total assets worth CA$1.01 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.
Norse Gold Corp - Total Assets Trend (2020–2024)
This chart illustrates how Norse Gold Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norse Gold Corp - Asset Composition Analysis
Current Asset Composition (June 2024)
Norse Gold Corp's total assets of CA$1.01 Million consist of 0.3% current assets and 99.7% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0.3% |
| Accounts Receivable | CA$131.00 | 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 (2020–2024)
This chart illustrates how Norse Gold 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: Norse Gold Corp's current assets represent 0.3% of total assets in 2024, an increase from 0.0% in 2020.
- Cash Position: Cash and equivalents constituted 0.3% of total assets in 2024, up from 0.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 0.0% of total assets.
Norse Gold Corp Competitors by Total Assets
Key competitors of Norse Gold Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Outback Goldfields Corp
OTCQB:OZBKF
|
USA | $13.40 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
McLaren Resources Inc
F:3ML
|
Germany | €29.32K |
|
PC Gold Ltd
AU:PC2
|
Australia | AU$18.12 Million |
|
4LE
F:4LE
|
Germany | €2.04 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
Norse Gold Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Norse Gold Corp generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Norse Gold Corp is currently not profitable relative to its asset base.
Norse Gold Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.01 | 0.01 | 0.05 |
| Quick Ratio | 0.01 | 0.01 | 0.05 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-363.09K | CA$ -273.77K | CA$ -115.83K |
Norse Gold Corp - Advanced Valuation Insights
This section examines the relationship between Norse Gold 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 | 6.53 |
| Latest Market Cap to Assets Ratio | 2.14 |
| Asset Growth Rate (YoY) | 2.5% |
| Total Assets | CA$984.96K |
| Market Capitalization | $2.11 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Norse Gold Corp's assets at a significant premium ( 2.14x), suggesting investors see substantial growth potential or unique competitive advantages.
Positive Asset Growth: Norse Gold Corp's assets grew by 2.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Norse Gold Corp (2020–2024)
The table below shows the annual total assets of Norse Gold Corp from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | CA$984.96K | +2.48% |
| 2023-06-30 | CA$961.16K | +0.11% |
| 2022-06-30 | CA$960.09K | -1.53% |
| 2021-06-30 | CA$974.97K | +4.16% |
| 2020-06-30 | CA$936.00K | -- |