Freedom Energy (FRA:B1H2) Total Assets : €0.02 Mil (As of Dec. 2018)

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What is Freedom Energy Total Assets?

Freedom Energy's Total Assets for the quarter that ended in Dec. 2018 was €0.02 Mil.

During the past 12 months, Freedom Energy's average Total Assets Growth Rate was -95.00% per year. During the past 3 years, the average Total Assets Growth Rate was -4.50% per year. During the past 5 years, the average Total Assets Growth Rate was -8.70% per year. During the past 10 years, the average Total Assets Growth Rate was -27.00% per year.

During the past 13 years, Freedom Energy's highest 3-Year average Total Assets Growth Rate was 116.10%. The lowest was -56.20%. And the median was -29.30%.

Total Assets is connected with ROA %. Freedom Energy's annualized ROA % for the quarter that ended in Dec. 2018 was -238.30%. Total Assets is also linked to Revenue through Asset Turnover. Freedom Energy's Asset Turnover for the quarter that ended in Dec. 2018 was 0.00.

Freedom Energy Total Assets Historical Data

The historical data trend for Freedom 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.

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Freedom Energy Total Assets Chart

Freedom Energy Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Total Assets

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0.40

0.10

0.04

0.44

0.07

Freedom Energy Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Total Assets	Get a 7-Day Free Trial															0.45	0.07	0.03	0.03	0.02

Freedom 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.

Freedom Energy's Total Assets for the fiscal year that ended in Mar. 2018 is calculated as

Total Assets	=	Total Equity (A: Mar. 2018 )	+	Total Liabilities (A: Mar. 2018 )
	=	-0.5	+	0.566
	=	0.07

Freedom Energy's Total Assets for the quarter that ended in Dec. 2018 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2018 )	+	Total Liabilities (Q: Dec. 2018 )
	=	-0.601	+	0.623
	=	0.02

Freedom Energy (FRA:B1H2) Total Assets Explanation

Total Assets is connected with ROA %.

Freedom Energy's annualized ROA % for the quarter that ended in Dec. 2018 is

ROA %	=	Net Income (Q: Dec. 2018 )	/	( (Total Assets (Q: Sep. 2018 )	+	Total Assets (Q: Dec. 2018 ))	/ count )
	=	-0.056	/	( (0.025	+	0.022)	/ 2 )
	=	-0.056	/	0.0235
	=	-238.30 %

Note: The Net Income data used here is four times the quarterly (Dec. 2018) 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.

Freedom Energy's Asset Turnover for the quarter that ended in Dec. 2018 is

	Asset Turnover
=	Revenue (Q: Dec. 2018 )	/	( (Total Assets (Q: Sep. 2018 )	+	Total Assets (Q: Dec. 2018 ))	/ count )
=	0	/	( (0.025	+	0.022)	/ 2 )
=	0	/	0.0235
=	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.

Freedom Energy Total Assets Related Terms

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Freedom Energy (FRA:B1H2) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Freedom Energy Inc (FRA:B1H2) » Definitions » Total Assets

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Address

837 West Hastings Street, Suite 315, Vancouver, BC, CAN, V6C 3N6

Website

https://www.freedomenergyinc.com

Freedom Energy Inc is an exploration stage junior mining company. It is engaged in the exploration, evaluation, and development of metallurgical coal, and oil and gas projects in North America. It also holds an interest in Good Hope gold property. The firm operates through one segment that is Exploration and Evaluation of mineral property interests.

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