Debut Diamonds (Debut Diamonds) Total Assets : $0.27 Mil (As of Jan. 2021)

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What is Debut Diamonds Total Assets?

Debut Diamonds's Total Assets for the quarter that ended in Jan. 2021 was $0.27 Mil.

Total Assets is connected with ROA %. Debut Diamonds's annualized ROA % for the quarter that ended in Jan. 2021 was -29.41%. Total Assets is also linked to Revenue through Asset Turnover. Debut Diamonds's Asset Turnover for the quarter that ended in Jan. 2021 was 0.00.

Debut Diamonds Total Assets Historical Data

The historical data trend for Debut Diamonds'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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Debut Diamonds Total Assets Chart

Debut Diamonds Annual Data

Trend

Apr11

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Total Assets

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0.04

0.01

0.41

0.29

Debut Diamonds Quarterly Data
	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21
Total Assets	Get a 7-Day Free Trial															0.32	0.29	0.28	0.27	0.27

Debut Diamonds 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.

Debut Diamonds's Total Assets for the fiscal year that ended in Apr. 2020 is calculated as

Total Assets	=	Total Equity (A: Apr. 2020 )	+	Total Liabilities (A: Apr. 2020 )
	=	0.278	+	0.007
	=	0.29

Debut Diamonds's Total Assets for the quarter that ended in Jan. 2021 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2021 )	+	Total Liabilities (Q: Jan. 2021 )
	=	0.251	+	0.02
	=	0.27

Debut Diamonds (GREY:DBDIF) Total Assets Explanation

Total Assets is connected with ROA %.

Debut Diamonds's annualized ROA % for the quarter that ended in Jan. 2021 is

ROA %	=	Net Income (Q: Jan. 2021 )	/	( (Total Assets (Q: Oct. 2020 )	+	Total Assets (Q: Jan. 2021 ))	/ count )
	=	-0.08	/	( (0.273	+	0.271)	/ 2 )
	=	-0.08	/	0.272
	=	-29.41 %

Note: The Net Income data used here is four times the quarterly (Jan. 2021) 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.

Debut Diamonds's Asset Turnover for the quarter that ended in Jan. 2021 is

	Asset Turnover
=	Revenue (Q: Jan. 2021 )	/	( (Total Assets (Q: Oct. 2020 )	+	Total Assets (Q: Jan. 2021 ))	/ count )
=	0	/	( (0.273	+	0.271)	/ 2 )
=	0	/	0.272
=	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.

Debut Diamonds Total Assets Related Terms

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Debut Diamonds (Debut Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Debut Diamonds Inc (GREY:DBDIF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

http://www.debutdiamonds.com

Debut Diamonds Inc is a Canada-based diamond exploration and development company. It is focused on the development of Timmins south project, MacFadyen Kimberlites project, Nakina Project, Victor Area project, and Kyle Kimberlite project. The Timmins south project is located in the Texmont mine. Its MacFadyen Kimberlites property comprises of over five mining claims covering approximately 672 hectares and is situated in northern Ontario. Its Nakina project includes more than 28 unpatented mining claims, which lies approximately 125 kilometers north of Nakina, in the James Bay Lowlands region of north-western Ontario. The company's Kyle Kimberlite property is located in northern Ontario, approximately 130 kilometers west of the De Beers Victor Mine.

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