Nevada Canyon Gold (Nevada Canyon Gold) Total Assets : $10.95 Mil (As of Mar. 2024)

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What is Nevada Canyon Gold Total Assets?

Nevada Canyon Gold's Total Assets for the quarter that ended in Mar. 2024 was $10.95 Mil.

During the past 12 months, Nevada Canyon Gold's average Total Assets Growth Rate was 61.10% per year. During the past 3 years, the average Total Assets Growth Rate was 19.60% per year. During the past 5 years, the average Total Assets Growth Rate was 3.60% per year.

During the past 10 years, Nevada Canyon Gold's highest 3-Year average Total Assets Growth Rate was 439.90%. The lowest was -17.10%. And the median was 19.60%.

Total Assets is connected with ROA %. Nevada Canyon Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -30.41%. Total Assets is also linked to Revenue through Asset Turnover. Nevada Canyon Gold's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Nevada Canyon Gold Total Assets Historical Data

The historical data trend for Nevada Canyon 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.

Nevada Canyon Gold Total Assets Chart

Nevada Canyon Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1.41

1.70

2.03

1.89

11.12

Nevada Canyon Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial															1.73	1.61	11.26	11.12	10.95

Nevada Canyon 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.

Nevada Canyon 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 )
	=	9.816	+	1.306
	=	11.12

Nevada Canyon 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 )
	=	9.672	+	1.28
	=	10.95

Nevada Canyon Gold (OTCPK:NGLD) Total Assets Explanation

Total Assets is connected with ROA %.

Nevada Canyon 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 )
	=	-3.356	/	( (11.122	+	10.952)	/ 2 )
	=	-3.356	/	11.037
	=	-30.41 %

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.

Nevada Canyon 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	/	( (11.122	+	10.952)	/ 2 )
=	0	/	11.037
=	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.

Nevada Canyon Gold Total Assets Related Terms

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Nevada Canyon Gold (Nevada Canyon Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Canyon Gold Corp (OTCPK:NGLD) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

316 California Avenue, Suite 543, Reno, NV, USA, 89509

Website

https://www.nevadacanyongold.com

Nevada Canyon Gold Corp is a junior precious metals exploration company. The company holds an interest in the Nevada and the Lazy Claims Property located within the Walker Lane shear zone, Loman Property located in Mineral County, Nevada, Agai-Pah Property located in the northwestern portion of the Gillis Range, within the Buckley Mining District, Belshazzar Property, Swales Property, Olinghouse Project and Palmetto Project.

Executives

Jeffrey Cocks	director, 10 percent owner, officer: President/CEO/CFO	118 8TH AVE. NW, CALGARY A0 T2M 0A4
Alan Day	director	5655 RIGGINS COURT,, STE 15, RENO NV 89502
Ryan Mcmillan	officer: VP of Operations	32565-B GOLDEN LANTERN ST. #500, DANA POINT CA 92629
Robert Frank List	director	1120 NORTH TOWN CENTER DRIVE,, STE. 200, LAS VEGAS NV 89144
Bcim Management, Lp	10 percent owner	207 E. OHIO ST., SUITE 400, CHICAGO IL 60611
Michael S Levine	director, 10 percent owner	201 SANTA MONICA BLVD, STE 200, SANTA MONICA CA 90401

Nevada Canyon Gold (Nevada Canyon Gold) Headlines

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