GEGCF (Great Eagle Gold) Total Assets : $0.24 Mil (As of Dec. 2024)

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What is Great Eagle Gold Total Assets?

Great Eagle Gold's Total Assets for the quarter that ended in Dec. 2024 was $0.24 Mil.

During the past 12 months, Great Eagle Gold's average Total Assets Growth Rate was -58.20% per year. During the past 3 years, the average Total Assets Growth Rate was 34.90% per year.

During the past 4 years, Great Eagle Gold's highest 3-Year average Total Assets Growth Rate was 34.90%. The lowest was 34.90%. And the median was 34.90%.

Total Assets is connected with ROA %. Great Eagle Gold's annualized ROA % for the quarter that ended in Dec. 2024 was -672.77%. Total Assets is also linked to Revenue through Asset Turnover. Great Eagle Gold's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Great Eagle Gold Total Assets Historical Data

The historical data trend for Great Eagle Gold'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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Great Eagle Gold Total Assets Chart

Great Eagle Gold Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Total Assets

0.48

0.39

0.29

0.33

Great Eagle Gold Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial										0.27	0.40	0.33	0.18	0.24

Great Eagle Gold 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.

Great Eagle Gold's Total Assets for the fiscal year that ended in Jun. 2024 is calculated as

Total Assets	=	Total Equity (A: Jun. 2024 )	+	Total Liabilities (A: Jun. 2024 )
	=	-0.062	+	0.394
	=	0.33

Great Eagle Gold's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	-0.059	+	0.3
	=	0.24

Great Eagle Gold (OTCPK:GEGCF) Total Assets Explanation

Total Assets is connected with ROA %.

Great Eagle Gold's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-1.396	/	( (0.175	+	0.24)	/ 2 )
	=	-1.396	/	0.2075
	=	-672.77 %

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

Great Eagle Gold's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	0	/	( (0.175	+	0.24)	/ 2 )
=	0	/	0.2075
=	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.

Great Eagle Gold Total Assets Related Terms

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Great Eagle Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Eagle Gold Corp (OTCPK:GEGCF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

GI8:Germany GEGC:Canada

Address

3292 Production Way, Suite 501, Burnaby, BC, CAN, V5A 4R4

Website

https://www.greateaglegold.com

Great Eagle Gold Corp is engaged in the acquisition and exploration of mineral properties in British Columbia, Canada. It holds a 100% interest in the LeMare property, consisting of approximately twelve mineral claims, located on Port Alice in the Nanaimo Mining Division of British Columbia.