XXIX Metal Corp.
XXIX Metal Corp. engages in the exploration, development, and production of mineral properties in Canada. The company explores for copper, nickel, gold, and silver deposits. It focuses on the Opemiska copper project, which consists of 416 claims covering an area of 21,499.44 hectares located in the Chapais-Chibougamau region of Québec; and the Thierry copper project, which consists of 27 mineral … Read more
XXIX Metal Corp. (XXIX) - Total Assets
Latest total assets as of April 2025: CA$6.84 Million CAD
Based on the latest financial reports, XXIX Metal Corp. (XXIX) holds total assets worth CA$6.84 Million CAD as of April 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.
XXIX Metal Corp. - Total Assets Trend (2021–2024)
This chart illustrates how XXIX Metal Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
XXIX Metal Corp. - Asset Composition Analysis
Current Asset Composition (October 2024)
XXIX Metal Corp.'s total assets of CA$6.84 Million consist of 98.3% current assets and 1.7% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 49.3% |
| Accounts Receivable | CA$1.49 Million | 18.1% |
| 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 XXIX Metal 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: XXIX Metal Corp.'s current assets represent 98.3% of total assets in 2024, an increase from 86.0% in 2021.
- Cash Position: Cash and equivalents constituted 49.3% of total assets in 2024, down from 84.5% 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 accounts receivable at 18.1% of total assets.
XXIX Metal Corp. Competitors by Total Assets
Key competitors of XXIX Metal Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tongling Nonferrous Metals Group Co Ltd
SHE:000630
|
China | CN¥91.90 Billion |
|
North Copper Shanxi Co Ltd
SHE:000737
|
China | CN¥19.47 Billion |
|
Yunnan Copper Co Ltd
SHE:000878
|
China | CN¥54.36 Billion |
|
Zhejiang Hailiang Co Ltd
SHE:002203
|
China | CN¥47.86 Billion |
|
Poongsan Holdi
KO:005810
|
Korea | ₩1.35 Trillion |
|
First Copper Technology Co Ltd
TW:2009
|
Taiwan | NT$10.15 Billion |
|
Nanjing Hanrui Cobalt Co Ltd
SHE:300618
|
China | CN¥9.38 Billion |
|
Jiangyin Electrical Alloy Co Ltd
SHE:300697
|
China | CN¥2.21 Billion |
XXIX Metal 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 - XXIX Metal 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 - XXIX Metal Corp. is currently not profitable relative to its asset base.
XXIX Metal 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 | 2.41 | 45.92 | 45.92 |
| Quick Ratio | 2.41 | 45.92 | 45.92 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$3.83 Million | CA$ 9.03 Million | CA$ 9.03 Million |
XXIX Metal Corp. - Advanced Valuation Insights
This section examines the relationship between XXIX Metal 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 | 14.06 |
| Latest Market Cap to Assets Ratio | 3.37 |
| Asset Growth Rate (YoY) | -33.5% |
| Total Assets | CA$8.24 Million |
| Market Capitalization | $27.77 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values XXIX Metal Corp.'s assets at a significant premium ( 3.37x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: XXIX Metal Corp.'s assets decreased by 33.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for XXIX Metal Corp. (2021–2024)
The table below shows the annual total assets of XXIX Metal Corp. from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-10-31 | CA$8.24 Million | -33.48% |
| 2023-10-31 | CA$12.38 Million | -26.46% |
| 2022-10-31 | CA$16.84 Million | -18.79% |
| 2021-10-31 | CA$20.73 Million | -- |