LBRMF (Labrador Iron Mines Holdings) Total Assets : $18.93 Mil (As of Dec. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Labrador Iron Mines Holdings Total Assets?

Labrador Iron Mines Holdings's Total Assets for the quarter that ended in Dec. 2024 was $18.93 Mil.

During the past 12 months, Labrador Iron Mines Holdings's average Total Assets Growth Rate was -5.50% per year. During the past 3 years, the average Total Assets Growth Rate was -3.40% per year. During the past 5 years, the average Total Assets Growth Rate was 78.30% per year. During the past 10 years, the average Total Assets Growth Rate was -12.20% per year.

During the past 13 years, Labrador Iron Mines Holdings's highest 3-Year average Total Assets Growth Rate was 777.10%. The lowest was -76.90%. And the median was 12.30%.

Total Assets is connected with ROA %. Labrador Iron Mines Holdings's annualized ROA % for the quarter that ended in Dec. 2024 was -1.09%. Total Assets is also linked to Revenue through Asset Turnover. Labrador Iron Mines Holdings's Asset Turnover for the quarter that ended in Dec. 2024 was 0.00.

Labrador Iron Mines Holdings Total Assets Historical Data

The historical data trend for Labrador Iron Mines Holdings'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.

* Premium members only.

Labrador Iron Mines Holdings Total Assets Chart

Labrador Iron Mines Holdings Annual Data

Trend

Mar14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Assets

Get a 7-Day Free Trial

1.36

22.34

21.30

19.61

19.89

Labrador Iron Mines Holdings Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial															20.01	19.89	19.64	19.91	18.93

Labrador Iron Mines Holdings 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.

Labrador Iron Mines Holdings's Total Assets for the fiscal year that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (A: Mar. 2024 )	+	Total Liabilities (A: Mar. 2024 )
	=	18.338	+	1.549
	=	19.89

Labrador Iron Mines Holdings'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 )
	=	17.144	+	1.785
	=	18.93

Labrador Iron Mines Holdings (OTCPK:LBRMF) Total Assets Explanation

Total Assets is connected with ROA %.

Labrador Iron Mines Holdings'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 )
	=	-0.212	/	( (19.905	+	18.929)	/ 2 )
	=	-0.212	/	19.417
	=	-1.09 %

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.

Labrador Iron Mines Holdings'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	/	( (19.905	+	18.929)	/ 2 )
=	0	/	19.417
=	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.

Labrador Iron Mines Holdings Total Assets Related Terms

Thank you for viewing the detailed overview of Labrador Iron Mines Holdings's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Labrador Iron Mines Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Labrador Iron Mines Holdings Ltd (OTCPK:LBRMF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

http://www.labradorironmines.ca

Labrador Iron Mines Holdings Ltd is a mineral resource company. The company through its subsidiaries is engaged in the business of mining iron ore and the exploration and development of direct shipping iron ore. Its projects include James, Redmond, Knob Lake, Houston and Malcolm, Sawyer Lake, Astray Lake, and Kivivic Number 1 and 2.