Questerre Energy (TSX:QEC) Total Assets : C$172.97 Mil (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Questerre Energy Total Assets?

Questerre Energy's Total Assets for the quarter that ended in Mar. 2024 was C$172.97 Mil.

During the past 12 months, Questerre Energy's average Total Assets Growth Rate was -17.60% per year. During the past 3 years, the average Total Assets Growth Rate was -9.60% per year. During the past 5 years, the average Total Assets Growth Rate was -11.00% per year. During the past 10 years, the average Total Assets Growth Rate was -2.40% per year.

During the past 13 years, Questerre Energy's highest 3-Year average Total Assets Growth Rate was 121.50%. The lowest was -18.00%. And the median was 14.20%.

Total Assets is connected with ROA %. Questerre Energy's annualized ROA % for the quarter that ended in Mar. 2024 was -0.41%. Total Assets is also linked to Revenue through Asset Turnover. Questerre Energy's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Questerre Energy Total Assets Historical Data

The historical data trend for Questerre 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.

* Premium members only.

Questerre Energy Total Assets Chart

Questerre Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

Get a 7-Day Free Trial

318.06

196.18

184.26

196.49

172.35

Questerre 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															199.26	201.21	197.72	172.35	172.97

Questerre 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.

Questerre Energy'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 )
	=	143.667	+	28.679
	=	172.35

Questerre 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 )
	=	144.148	+	28.82
	=	172.97

Questerre Energy (TSX:QEC) Total Assets Explanation

Total Assets is connected with ROA %.

Questerre 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 )
	=	-0.7	/	( (172.346	+	172.968)	/ 2 )
	=	-0.7	/	172.657
	=	-0.41 %

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.

Questerre 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 )
=	8.998	/	( (172.346	+	172.968)	/ 2 )
=	8.998	/	172.657
=	0.05

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.

Questerre Energy Total Assets Related Terms

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

Questerre Energy (TSX:QEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Questerre Energy Corp (TSX:QEC) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

QTEYF:USA QEC-O:Sweden QEC:Norway

Address

801 Sixth Avenue S.W, Suite 1650, Calgary, AB, CAN, T2P 3W2

Website

https://www.questerre.com

Questerre Energy Corp serves the oil and gas sector. The Canada-based company is engaged in the acquisition, exploration, and development of oil and gas projects. It operates non-conventional projects such as tight oil, oil shale, shale oil and shale gas. The segments of the group are Western Canada; Quebec ; and Corporate and others. Western Canada segment involves exploration and development activities in Western Canada including Alberta, Saskatchewan and Manitoba with the existing production of natural gas, crude oil and natural gas liquids. Quebec segment consists the development of natural gas discovery in the province with a focus on securing social acceptability and regulatory approvals for a clean technology energy project.

Executives

Hans Jacob Holden

Director

Questerre Energy (TSX:QEC) Headlines

No Headlines