Prospect Ridge Resources (XCNQ:PRR) Total Assets : C$6.00 Mil (As of Feb. 2024)

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What is Prospect Ridge Resources Total Assets?

Prospect Ridge Resources's Total Assets for the quarter that ended in Feb. 2024 was C$6.00 Mil.

During the past 12 months, Prospect Ridge Resources's average Total Assets Growth Rate was -3.30% per year. During the past 3 years, the average Total Assets Growth Rate was 472.20% per year.

During the past 4 years, Prospect Ridge Resources's highest 3-Year average Total Assets Growth Rate was 472.20%. The lowest was 472.20%. And the median was 472.20%.

Total Assets is connected with ROA %. Prospect Ridge Resources's annualized ROA % for the quarter that ended in Feb. 2024 was -29.52%. Total Assets is also linked to Revenue through Asset Turnover. Prospect Ridge Resources's Asset Turnover for the quarter that ended in Feb. 2024 was 0.00.

Prospect Ridge Resources Total Assets Historical Data

The historical data trend for Prospect Ridge Resources'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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Prospect Ridge Resources Total Assets Chart

Prospect Ridge Resources Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Total Assets

0.74

1.48

8.66

7.01

Prospect Ridge Resources Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Aug23	Nov23	Feb24
Total Assets	Get a 7-Day Free Trial								7.89	7.61	7.01	6.38	6.00

Prospect Ridge Resources 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.

Prospect Ridge Resources's Total Assets for the fiscal year that ended in Aug. 2023 is calculated as

Total Assets	=	Total Equity (A: Aug. 2023 )	+	Total Liabilities (A: Aug. 2023 )
	=	6.441	+	0.572
	=	7.01

Prospect Ridge Resources's Total Assets for the quarter that ended in Feb. 2024 is calculated as

Total Assets	=	Total Equity (Q: Feb. 2024 )	+	Total Liabilities (Q: Feb. 2024 )
	=	5.647	+	0.352
	=	6.00

Prospect Ridge Resources (XCNQ:PRR) Total Assets Explanation

Total Assets is connected with ROA %.

Prospect Ridge Resources's annualized ROA % for the quarter that ended in Feb. 2024 is

ROA %	=	Net Income (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	-1.828	/	( (6.383	+	6)	/ 2 )
	=	-1.828	/	6.1915
	=	-29.52 %

Note: The Net Income data used here is four times the quarterly (Feb. 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.

Prospect Ridge Resources's Asset Turnover for the quarter that ended in Feb. 2024 is

	Asset Turnover
=	Revenue (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
=	0	/	( (6.383	+	6)	/ 2 )
=	0	/	6.1915
=	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.

Prospect Ridge Resources Total Assets Related Terms

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Prospect Ridge Resources (XCNQ:PRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prospect Ridge Resources Corp (XCNQ:PRR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

PRRSF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.prospectridgeresources.com

Prospect Ridge Resources Corp is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects in North America. The company's material property is the Galinee Project, consisting of 15 contiguous mineral claims covering an area of approximately 839.45 hectares in the province of Quebec. It also holds interest in Holy Grail Property which is located north of Terrace, BC. It started the project Knauss Creek Property.

Executives

Michael Alexander Iverson	Director, Senior Officer
Yan Ducharme	Senior Officer

Prospect Ridge Resources (XCNQ:PRR) Headlines

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