Canadian Gold (TSXV:CGC) Total Assets : C$1.27 Mil (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Canadian Gold Total Assets?

Canadian Gold's Total Assets for the quarter that ended in Mar. 2024 was C$1.27 Mil.

During the past 12 months, Canadian Gold's average Total Assets Growth Rate was 415.60% per year. During the past 3 years, the average Total Assets Growth Rate was -61.60% per year. During the past 5 years, the average Total Assets Growth Rate was -55.90% per year. During the past 10 years, the average Total Assets Growth Rate was -26.80% per year.

During the past 13 years, Canadian Gold's highest 3-Year average Total Assets Growth Rate was 221.00%. The lowest was -75.80%. And the median was -0.35%.

Total Assets is connected with ROA %. Canadian Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -217.31%. Total Assets is also linked to Revenue through Asset Turnover. Canadian Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Canadian Gold Total Assets Historical Data

The historical data trend for Canadian Gold's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canadian Gold Total Assets Chart

Canadian Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

2.77

3.79

3.26

0.94

2.33

Canadian Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															0.94	7.06	9.23	2.33	1.27

Canadian Gold Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Canadian Gold's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	0.735	+	1.593
	=	2.33

Canadian Gold's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	-0.2	+	1.466
	=	1.27

Canadian Gold (TSXV:CGC) Total Assets Explanation

Total Assets is connected with ROA %.

Canadian Gold's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-3.904	/	( (2.328	+	1.265)	/ 2 )
	=	-3.904	/	1.7965
	=	-217.31 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Canadian Gold's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0	/	( (2.328	+	1.265)	/ 2 )
=	0	/	1.7965
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Canadian Gold Total Assets Related Terms

Thank you for viewing the detailed overview of Canadian Gold's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Gold (TSXV:CGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Gold Corp (TSXV:CGC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

STRRF:USA 8S8:Germany

Address

401 Bay Street, Suite 2702, P.O.Box 86, Toronto, ON, CAN, M5H 2Y4

Website

https://www.canadiangoldcorp.com

Canadian Gold Corp is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past-producing Tartan Lake Gold Mine Project, located in Flin Flon, Manitoba. In addition, the Company owns exploration properties in Ontario and Quebec surrounding some of Canada's gold mines and development projects, specifically, the Canadian Malartic Mine (QC), the Hemlo Mine (ON), and the Hammond Reef Project (ON).

Executives

Jennifer L Boyle

Director, Senior Officer