HGGCF (Highway 50 Gold) Total Assets : $1.06 Mil (As of Sep. 2024)

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What is Highway 50 Gold Total Assets?

Highway 50 Gold's Total Assets for the quarter that ended in Sep. 2024 was $1.06 Mil.

During the past 12 months, Highway 50 Gold's average Total Assets Growth Rate was -72.30% per year. During the past 3 years, the average Total Assets Growth Rate was -34.90% per year. During the past 5 years, the average Total Assets Growth Rate was -12.50% per year. During the past 10 years, the average Total Assets Growth Rate was 2.20% per year.

During the past 13 years, Highway 50 Gold's highest 3-Year average Total Assets Growth Rate was 158.50%. The lowest was -38.90%. And the median was 13.40%.

Total Assets is connected with ROA %. Highway 50 Gold's annualized ROA % for the quarter that ended in Sep. 2024 was -208.66%. Total Assets is also linked to Revenue through Asset Turnover. Highway 50 Gold's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Highway 50 Gold Total Assets Historical Data

The historical data trend for Highway 50 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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Highway 50 Gold Total Assets Chart

Highway 50 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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2.81

3.22

3.93

3.57

0.93

Highway 50 Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															3.85	0.93	0.87	0.91	1.06

Highway 50 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.

Highway 50 Gold's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	0.629	+	0.3
	=	0.93

Highway 50 Gold's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	0.524	+	0.531
	=	1.06

Highway 50 Gold (OTCPK:HGGCF) Total Assets Explanation

Total Assets is connected with ROA %.

Highway 50 Gold's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	-2.048	/	( (0.908	+	1.055)	/ 2 )
	=	-2.048	/	0.9815
	=	-208.66 %

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

Highway 50 Gold's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	0	/	( (0.908	+	1.055)	/ 2 )
=	0	/	0.9815
=	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.

Highway 50 Gold Total Assets Related Terms

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Highway 50 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highway 50 Gold Corp (OTCPK:HGGCF) » Definitions » Total Assets

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HWY:Canada

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 1S4

Website

https://www.highway50gold.com

Highway 50 Gold Corp is a mineral exploration company. It is engaged in the acquisition and exploration of assets and evaluation of mineral properties in British Columbia and Nevada, USA. It has Four projects Golden Brew; Porter Canyon, Knob, and Monroe.

Highway 50 Gold Headlines

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