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High Arctic Overseas Holdings (TSXV:HOH) Total Assets : C$47.70 Mil (As of Sep. 2024)


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What is High Arctic Overseas Holdings Total Assets?

High Arctic Overseas Holdings's Total Assets for the quarter that ended in Sep. 2024 was C$47.70 Mil.

During the past 12 months, High Arctic Overseas Holdings's average Total Assets Growth Rate was -31.50% per year.

Total Assets is connected with ROA %. High Arctic Overseas Holdings's annualized ROA % for the quarter that ended in Sep. 2024 was -14.83%. Total Assets is also linked to Revenue through Asset Turnover. High Arctic Overseas Holdings's Asset Turnover for the quarter that ended in Sep. 2024 was 0.08.

High Arctic Overseas Holdings Total Assets Historical Data

The historical data trend for High Arctic Overseas 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.

High Arctic Overseas Holdings Total Assets Chart

High Arctic Overseas Holdings Annual Data
Trend Dec21 Dec22 Dec23
Total Assets
87.63 68.70 58.19

High Arctic Overseas Holdings Quarterly Data
Dec21 Dec22 Mar23 Sep23 Dec23 Mar24 Sep24
Total Assets Get a 7-Day Free Trial - - 58.19 56.14 47.70

High Arctic Overseas 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.

High Arctic Overseas Holdings'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 )
=44.423+13.767
=58.19

High Arctic Overseas Holdings'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 )
=39.52+8.179
=47.70

* 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.

High Arctic Overseas Holdings  (TSXV:HOH) Total Assets Explanation

Total Assets is connected with ROA %.

High Arctic Overseas Holdings's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-7.7/( (56.143+47.7)/ 2 )
=-7.7/51.9215
=-14.83 %

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.

High Arctic Overseas Holdings's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=3.916/( (56.143+47.7)/ 2 )
=3.916/51.9215
=0.08

* 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.

High Arctic Overseas Holdings Total Assets Related Terms

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High Arctic Overseas Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » High Arctic Overseas Holdings Corp (TSXV:HOH) » Definitions » Total Assets
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TSX:HWO TSX:BRY TSX:SFD TSX:FLNT TSXV:HTC.H NEOE:ZEFI SLB BKR MIL:TEN HAL FTI SHSE:601808 XPAR:TE XPAR:GTT SHSE:600968 SGX:5E2 CHX NOV SZSE:002353 MIL:SPM
Traded in Other Exchanges
N/A
Address
330 - 5th Avenue SW, Suite 2350, Calgary, AB, CAN, T2P 0L4
Website
http://www.higharctic.com
High Arctic Overseas Holdings Corp provides drilling and specialized well completion services manpower solutions and supplies rental equipment including rig matting, camps, material handling, and drilling support equipment in Papua New Guinea. The segments of the company are Drilling services, Ancillary services, Production services.

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