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RDGMF (Ridgeline Minerals) Total Assets : $12.43 Mil (As of Sep. 2024)


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What is Ridgeline Minerals Total Assets?

Ridgeline Minerals's Total Assets for the quarter that ended in Sep. 2024 was $12.43 Mil.

During the past 12 months, Ridgeline Minerals's average Total Assets Growth Rate was 16.70% per year. During the past 3 years, the average Total Assets Growth Rate was 43.90% per year.

During the past 5 years, Ridgeline Minerals's highest 3-Year average Total Assets Growth Rate was 91.60%. The lowest was 43.90%. And the median was 67.75%.

Total Assets is connected with ROA %. Ridgeline Minerals's annualized ROA % for the quarter that ended in Sep. 2024 was -19.50%. Total Assets is also linked to Revenue through Asset Turnover. Ridgeline Minerals's Asset Turnover for the quarter that ended in Sep. 2024 was 0.00.

Ridgeline Minerals Total Assets Historical Data

The historical data trend for Ridgeline Minerals'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.

Ridgeline Minerals Total Assets Chart

Ridgeline Minerals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
2.48 6.69 8.63 9.75 11.70

Ridgeline Minerals 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 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 11.76 11.70 11.28 12.52 12.43

Ridgeline Minerals 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.

Ridgeline Minerals'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 )
=11.502+0.195
=11.70

Ridgeline Minerals'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 )
=12.19+0.242
=12.43

* 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.

Ridgeline Minerals  (OTCPK:RDGMF) Total Assets Explanation

Total Assets is connected with ROA %.

Ridgeline Minerals'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 )
=-2.432/( (12.515+12.433)/ 2 )
=-2.432/12.474
=-19.50 %

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.

Ridgeline Minerals'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/( (12.515+12.433)/ 2 )
=0/12.474
=0.00

* 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.

Ridgeline Minerals Total Assets Related Terms

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Ridgeline Minerals Business Description

Industry
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Address
1066 West Hastings Street, Suite 1650, Vancouver, BC, CAN, V6E 3X1
Website
https://www.ridgelineminerals.com
Ridgeline Minerals Corp is a discovery-focused gold-silver explorer with a proven management team and an approximately 154 km exploration portfolio across four projects in the highly prospective Carlin and Battle Mountain - Eureka Trends in Nevada.