NOA Lithium Brines (TSXV:NOAL) Total Assets : C$13.66 Mil (As of Mar. 2024)

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What is NOA Lithium Brines Total Assets?

NOA Lithium Brines's Total Assets for the quarter that ended in Mar. 2024 was C$13.66 Mil.

During the past 12 months, NOA Lithium Brines's average Total Assets Growth Rate was 86.20% per year.

Total Assets is connected with ROA %. NOA Lithium Brines's annualized ROA % for the quarter that ended in Mar. 2024 was -87.10%. Total Assets is also linked to Revenue through Asset Turnover. NOA Lithium Brines's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

NOA Lithium Brines Total Assets Historical Data

The historical data trend for NOA Lithium Brines'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.

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NOA Lithium Brines Total Assets Chart

NOA Lithium Brines Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

6.12

13.55

NOA Lithium Brines Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial							10.79	15.83	14.41	13.55	13.66

NOA Lithium Brines 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.

NOA Lithium Brines'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 )
	=	12.692	+	0.856
	=	13.55

NOA Lithium Brines'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 )
	=	13.013	+	0.645
	=	13.66

NOA Lithium Brines (TSXV:NOAL) Total Assets Explanation

Total Assets is connected with ROA %.

NOA Lithium Brines'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 )
	=	-11.848	/	( (13.548	+	13.658)	/ 2 )
	=	-11.848	/	13.603
	=	-87.10 %

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.

NOA Lithium Brines'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	/	( (13.548	+	13.658)	/ 2 )
=	0	/	13.603
=	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.

NOA Lithium Brines Total Assets Related Terms

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NOA Lithium Brines (TSXV:NOAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NOA Lithium Brines Inc (TSXV:NOAL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NLIBF:USA N7N:Germany

Address

639 – 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.noalithium.com

NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with resource potential. The company's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations, managed by some of the players in the lithium industry.

NOA Lithium Brines (TSXV:NOAL) Headlines

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