Canada Nickel Co (Canada Nickel Co) Total Assets : $162.70 Mil (As of Jan. 2024)

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What is Canada Nickel Co Total Assets?

Canada Nickel Co's Total Assets for the quarter that ended in Jan. 2024 was $162.70 Mil.

During the past 12 months, Canada Nickel Co's average Total Assets Growth Rate was 22.50% per year. During the past 3 years, the average Total Assets Growth Rate was 97.20% per year.

During the past 4 years, Canada Nickel Co's highest 3-Year average Total Assets Growth Rate was 97.20%. The lowest was 97.20%. And the median was 97.20%.

Total Assets is connected with ROA %. Canada Nickel Co's annualized ROA % for the quarter that ended in Jan. 2024 was -9.49%. Total Assets is also linked to Revenue through Asset Turnover. Canada Nickel Co's Asset Turnover for the quarter that ended in Jan. 2024 was 0.00.

Canada Nickel Co Total Assets Historical Data

The historical data trend for Canada Nickel Co'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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Canada Nickel Co Total Assets Chart

Canada Nickel Co Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Total Assets

25.08

44.44

105.42

133.51

Canada Nickel Co Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Assets	Get a 7-Day Free Trial												107.76	124.46	127.43	133.51	162.70

Canada Nickel Co 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.

Canada Nickel Co's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	113.799	+	19.71
	=	133.51

Canada Nickel Co's Total Assets for the quarter that ended in Jan. 2024 is calculated as

Total Assets	=	Total Equity (Q: Jan. 2024 )	+	Total Liabilities (Q: Jan. 2024 )
	=	130.085	+	32.613
	=	162.70

Canada Nickel Co (OTCPK:CNIKF) Total Assets Explanation

Total Assets is connected with ROA %.

Canada Nickel Co's annualized ROA % for the quarter that ended in Jan. 2024 is

ROA %	=	Net Income (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-14.06	/	( (133.509	+	162.698)	/ 2 )
	=	-14.06	/	148.1035
	=	-9.49 %

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

Canada Nickel Co's Asset Turnover for the quarter that ended in Jan. 2024 is

	Asset Turnover
=	Revenue (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
=	0	/	( (133.509	+	162.698)	/ 2 )
=	0	/	148.1035
=	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.

Canada Nickel Co Total Assets Related Terms

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Canada Nickel Co (Canada Nickel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canada Nickel Co Inc (OTCPK:CNIKF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

4E0:Germany CNC:Canada

Address

130 King Street West, Suite 1900, Toronto, ON, CAN, M5X1E3

Website

https://www.canadanickel.com

Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. The firm is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific - mining camp.