ARSLF (Altima Energy) Total Assets: $6.72 Mil (As of Nov. 2024)


ARSLF Altima Energy Inc ARSLF
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What is Altima Energy Total Assets?

Altima Energy ARSLF -99.90% 13 Total Assets is $6.72 Mil as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

Altima Energy's Total Assets for the quarter that ended in Nov. 2024 was $6.72 Mil.

Total Assets is connected with ROA %. Altima Energy's annualized ROA % for the quarter that ended in Nov. 2024 was -43.66%. Total Assets is also linked to Revenue through Asset Turnover. Altima Energy's Asset Turnover for the quarter that ended in Nov. 2024 was 0.10.

Altima Energy  (OTCPK:ARSLF) Total Assets Explanation

Total Assets is connected with ROA %.

Altima Energy's annualized ROA % for the quarter that ended in Nov. 2024 is

ROA %=Net Income (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=-2.812/( (6.166+6.716)/ 2 )
=-2.812/6.441
=-43.66 %

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

Altima Energy's Asset Turnover for the quarter that ended in Nov. 2024 is

Asset Turnover
=Revenue (Q: Nov. 2024 )/( (Total Assets (Q: Aug. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=0.614/( (6.166+6.716)/ 2 )
=0.614/6.441
=0.10

* 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.

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.

Altima Energy Total Assets Related Terms

Altima Energy Total Assets Historical Data

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The historical data trend for Altima Energy'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.

Altima Energy Total Assets Chart

Altima Energy Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Feb22 Feb23 Feb24
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 5.15 4.73 4.12 4.78

Altima Energy Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.90 4.78 4.82 6.17 6.72
ARSLF
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Altima Energy Inc ARSLF
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Altima Energy 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.

Altima Energy's Total Assets for the fiscal year that ended in Feb. 2024 is calculated as

Total Assets=Total Equity (A: Feb. 2024 )+Total Liabilities (A: Feb. 2024 )
=-7.279+12.056
=4.78

Altima Energy's Total Assets for the quarter that ended in Nov. 2024 is calculated as

Total Assets=Total Equity (Q: Nov. 2024 )+Total Liabilities (Q: Nov. 2024 )
=-7.557+14.273
=6.72

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $6.72 Mil mean?
Altima Energy (ARSLF) has a Total Assets of $6.72 Mil as of Nov. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on Altima Energy and its competitors.
Is Altima Energy's Total Assets too high?
Altima Energy's current Total Assets is $6.72 Mil. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Total Assets compare to COP and EOG?
Altima Energy's Total Assets of $6.72 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Altima Energy and its competitors. Altima Energy's current Total Assets is $6.72 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Total Assets of $6.72 Mil. The current Total Assets is $6.72 Mil. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Altima Energy (ARSLF), the current Total Assets is $6.72 Mil as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altima Energy Business Description

Industry EnergyOil & Gas
Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
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