OBGRF (Orbit Garant Drilling) Total Assets : $91.6 Mil (As of Dec. 2024)

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What is Orbit Garant Drilling Total Assets?

Orbit Garant Drilling's Total Assets for the quarter that ended in Dec. 2024 was $91.6 Mil.

During the past 12 months, Orbit Garant Drilling's average Total Assets Growth Rate was 4.00% per year. During the past 3 years, the average Total Assets Growth Rate was -3.90% per year. During the past 5 years, the average Total Assets Growth Rate was -1.40% per year. During the past 10 years, the average Total Assets Growth Rate was 2.90% per year.

During the past 13 years, Orbit Garant Drilling's highest 3-Year average Total Assets Growth Rate was 22.10%. The lowest was -16.80%. And the median was 4.40%.

Total Assets is connected with ROA %. Orbit Garant Drilling's annualized ROA % for the quarter that ended in Dec. 2024 was 4.69%. Total Assets is also linked to Revenue through Asset Turnover. Orbit Garant Drilling's Asset Turnover for the quarter that ended in Dec. 2024 was 0.33.

Orbit Garant Drilling Total Assets Historical Data

The historical data trend for Orbit Garant Drilling'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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Orbit Garant Drilling Total Assets Chart

Orbit Garant Drilling Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Total Assets

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95.81

113.05

107.04

96.01

87.47

Orbit Garant Drilling 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															94.02	96.96	87.47	94.92	91.58

Orbit Garant Drilling 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.

Orbit Garant Drilling'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 )
	=	43.947	+	43.523
	=	87.5

Orbit Garant Drilling'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 )
	=	44.894	+	46.686
	=	91.6

Orbit Garant Drilling (OTCPK:OBGRF) Total Assets Explanation

Total Assets is connected with ROA %.

Orbit Garant Drilling'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 )
	=	4.376	/	( (94.921	+	91.581)	/ 2 )
	=	4.376	/	93.251
	=	4.69 %

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.

Orbit Garant Drilling'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 )
=	30.476	/	( (94.921	+	91.581)	/ 2 )
=	30.476	/	93.251
=	0.33

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.

Orbit Garant Drilling Total Assets Related Terms

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Orbit Garant Drilling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orbit Garant Drilling Inc (OTCPK:OBGRF) » Definitions » Total Assets

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OGD:Canada

Address

3200, Jean Jacques Cossette Boulevard, Val-d'Or, QC, CAN, J9P 6Y6

Website

http://www.orbitgarant.com

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems. The company operates in Canada, the United States, Central and South America, and West Africa. The majority of the company's revenue is derived from operations in Canada.