Steep Hill (XCNQ:STPH) Total Assets : C$2.76 Mil (As of Dec. 2023)

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What is Steep Hill Total Assets?

Steep Hill's Total Assets for the quarter that ended in Dec. 2023 was C$2.76 Mil.

During the past 12 months, Steep Hill's average Total Assets Growth Rate was -86.90% per year. During the past 3 years, the average Total Assets Growth Rate was -51.50% per year.

During the past 5 years, Steep Hill's highest 3-Year average Total Assets Growth Rate was 51.40%. The lowest was -51.50%. And the median was -0.05%.

Total Assets is connected with ROA %. Steep Hill's annualized ROA % for the quarter that ended in Dec. 2023 was 3.88%. Total Assets is also linked to Revenue through Asset Turnover. Steep Hill's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Steep Hill Total Assets Historical Data

The historical data trend for Steep Hill'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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Steep Hill Total Assets Chart

Steep Hill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

1.89

1.70

7.43

3.02

2.76

Steep Hill Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial													3.02	4.45	3.89	3.63	2.76

Steep Hill 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.

Steep Hill'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 )
	=	1.651	+	1.106
	=	2.76

Steep Hill's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1.651	+	1.106
	=	2.76

Steep Hill (XCNQ:STPH) Total Assets Explanation

Total Assets is connected with ROA %.

Steep Hill's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.124	/	( (3.634	+	2.757)	/ 2 )
	=	0.124	/	3.1955
	=	3.88 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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.

Steep Hill's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (3.634	+	2.757)	/ 2 )
=	0	/	3.1955
=	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.

Steep Hill Total Assets Related Terms

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Steep Hill (XCNQ:STPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Steep Hill Inc (XCNQ:STPH) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.steephill.com

Steep Hill Inc is a science and technology health and wellness company focused on the hemp markets inclusive of plant-based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals. Currently the company, through its subsidiaries holds three industrial hemp licences for the purposes of supplying the global market with medicinal and wellness cannabidiol and other cannabinoid-based products.

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