GTGEF (G2 Energy) Total Assets: $5.44 Mil (As of Mar. 2024)


GTGEF G2 Energy Corp GTGEF
29 GF Score
Price $0.07
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What is G2 Energy Total Assets?

G2 Energy GTGEF 29 Total Assets is $5.44 Mil as of Mar. 2024. GuruFocus rates GTGEF with a GF Score™ of 29/100.

G2 Energy's Total Assets for the quarter that ended in Mar. 2024 was $5.44 Mil.

Total Assets is connected with ROA %. G2 Energy's annualized ROA % for the quarter that ended in Mar. 2024 was -34.84%. Total Assets is also linked to Revenue through Asset Turnover. G2 Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.07.

G2 Energy  (OTCPK:GTGEF) Total Assets Explanation

Total Assets is connected with ROA %.

G2 Energy's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-1.904/( (5.492+5.437)/ 2 )
=-1.904/5.4645
=-34.84 %

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

G2 Energy's Asset Turnover for the quarter that ended in Mar. 2024 is

Asset Turnover
=Revenue (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=0.383/( (5.492+5.437)/ 2 )
=0.383/5.4645
=0.07

* 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.

G2 Energy Total Assets Related Terms

G2 Energy Total Assets Historical Data

* Premium members only.

The historical data trend for G2 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.

G2 Energy Total Assets Chart

G2 Energy Annual Data
Trend Mar16 Mar17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Total Assets
Get a 7-Day Free Trial 1.49 0.05 0.21 6.08 5.79

G2 Energy Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.72 5.79 5.58 5.49 5.44
GTGEF
29GF Score
G2 Energy Corp GTGEF
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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G2 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.

G2 Energy's Total Assets for the fiscal year that ended in Jun. 2023 is calculated as

Total Assets=Total Equity (A: Jun. 2023 )+Total Liabilities (A: Jun. 2023 )
=0.464+5.329
=5.79

G2 Energy's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets=Total Equity (Q: Mar. 2024 )+Total Liabilities (Q: Mar. 2024 )
=-0.392+5.829
=5.44

* 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 $5.44 Mil mean?
G2 Energy (GTGEF) has a Total Assets of $5.44 Mil as of Mar. 2024. The total amount of assets as recorded on a company's balance sheet. View historical data on G2 Energy and its competitors.
Is G2 Energy's Total Assets too high?
G2 Energy's current Total Assets is $5.44 Mil. Overall, G2 Energy has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does G2 Energy's Total Assets compare to COP and EOG?
G2 Energy's Total Assets of $5.44 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 G2 Energy and its competitors. G2 Energy's current Total Assets is $5.44 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G2 Energy stock overvalued right now?
G2 Energy (GTGEF) has a current Total Assets of $5.44 Mil. The current Total Assets is $5.44 Mil. G2 Energy's overall GF Score™ is 29/100. 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 G2 Energy (GTGEF), the current Total Assets is $5.44 Mil as of Mar. 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.

G2 Energy Business Description

Industry EnergyOil & Gas
Address West Hastings Street, Unit 430 - 744, Vancouver, BC, CAN, V6C 1A5
G2 Energy Corp is a company focused on acquiring and developing overlooked, low-risk, high-return opportunities in the oil and gas sector. The company is seeking opportunities to acquire a portfolio of risk-managed production and development in the USA. G2 is also pursuing production acquisition opportunities with operating netbacks and infrastructure facilities to fast-track future production growth.
29GF Score

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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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