BETRF (BetterLife Pharma) Total Assets : $0.33 Mil (As of Jul. 2024)

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What is BetterLife Pharma Total Assets?

BetterLife Pharma's Total Assets for the quarter that ended in Jul. 2024 was $0.33 Mil.

During the past 12 months, BetterLife Pharma's average Total Assets Growth Rate was -4.40% per year. During the past 3 years, the average Total Assets Growth Rate was -38.00% per year. During the past 5 years, the average Total Assets Growth Rate was -59.10% per year. During the past 10 years, the average Total Assets Growth Rate was 65.60% per year.

During the past 13 years, BetterLife Pharma's highest 3-Year average Total Assets Growth Rate was 632.50%. The lowest was -77.10%. And the median was 45.50%.

Total Assets is connected with ROA %. BetterLife Pharma's annualized ROA % for the quarter that ended in Jul. 2024 was -924.23%. Total Assets is also linked to Revenue through Asset Turnover. BetterLife Pharma's Asset Turnover for the quarter that ended in Jul. 2024 was 0.00.

BetterLife Pharma Total Assets Historical Data

The historical data trend for BetterLife Pharma'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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BetterLife Pharma Total Assets Chart

BetterLife Pharma Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Total Assets

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6.30

1.07

0.92

0.06

0.24

BetterLife Pharma Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Total Assets	Get a 7-Day Free Trial															0.30	0.37	0.24	0.58	0.33

BetterLife Pharma 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.

BetterLife Pharma's Total Assets for the fiscal year that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (A: Jan. 2024 )	+	Total Liabilities (A: Jan. 2024 )
	=	-5.733	+	5.976
	=	0.24

BetterLife Pharma's Total Assets for the quarter that ended in Jul. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jul. 2024 )	+	Total Liabilities (Q: Jul. 2024 )
	=	-5.521	+	5.849
	=	0.33

BetterLife Pharma (OTCPK:BETRF) Total Assets Explanation

Total Assets is connected with ROA %.

BetterLife Pharma's annualized ROA % for the quarter that ended in Jul. 2024 is

ROA %	=	Net Income (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
	=	-4.196	/	( (0.58	+	0.328)	/ 2 )
	=	-4.196	/	0.454
	=	-924.23 %

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

BetterLife Pharma's Asset Turnover for the quarter that ended in Jul. 2024 is

	Asset Turnover
=	Revenue (Q: Jul. 2024 )	/	( (Total Assets (Q: Apr. 2024 )	+	Total Assets (Q: Jul. 2024 ))	/ count )
=	0	/	( (0.58	+	0.328)	/ 2 )
=	0	/	0.454
=	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.

BetterLife Pharma Total Assets Related Terms

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BetterLife Pharma Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » BetterLife Pharma Inc (OTCPK:BETRF) » Definitions » Total Assets

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NPAU:Germany BETR:Canada

Address

1275 West 6th Avenue, Suite 300, Vancouver, BC, CAN, V6H 1A6

Website

https://www.abetterlifepharma.com

BetterLife Pharma Inc a biotechnology company, engages in the development and commercialization of psychedelic products for the treatment of mental disorders in Canada, the United States, Australia, and the European Union. It is involved in refining and developing drug candidates from a set of complementary interferon-based technologies that have the potential to engage the immune system to fight virus infections, such as coronavirus disease and human papillomavirus, and/or to directly inhibit tumors to treat various types of cancer.

Executives

Barbara-jean Anne Bormann-kennedy	director, officer: President	1188 BROADWAY, SUITE 306, SOMERVILLE MA 02144
Moira Ong	officer: Chief Financial Officer	2392 LAWSON AVENUE, WEST VANCOUVER A1 V7V 2E6
Hassan Salari	director, 10 percent owner	1517 WEST 58TH AVENUE, VANCOUVER A1 V6P 1W6
Ahmad Doroudian	director, officer: Chairman	1275 WEST 6TH AVENUE, VANCOUVER A1 V6H 1A6