Canadian Spirit Resources (TSXV:SPI) Total Assets: C$10.75 Mil (As of Mar. 2026)


What is Canadian Spirit Resources Total Assets?

Canadian Spirit Resources TSXV:SPI Total Assets is C$10.75 Mil as of Mar. 2026. The stock has 3 warning signs investors should review.

Canadian Spirit Resources's Total Assets for the quarter that ended in Mar. 2026 was C$10.75 Mil.

During the past 12 months, Canadian Spirit Resources's average Total Assets Growth Rate was -71.90% per year. During the past 3 years, the average Total Assets Growth Rate was -41.40% per year. During the past 5 years, the average Total Assets Growth Rate was -23.40% per year. During the past 10 years, the average Total Assets Growth Rate was -13.60% per year.

During the past 13 years, Canadian Spirit Resources's highest 3-Year average Total Assets Growth Rate was 952.60%. The lowest was -41.40%. And the median was 2.45%.

Total Assets is connected with ROA %. Canadian Spirit Resources's annualized ROA % for the quarter that ended in Mar. 2026 was -12.71%. Total Assets is also linked to Revenue through Asset Turnover. Canadian Spirit Resources's Asset Turnover for the quarter that ended in Mar. 2026 was 0.01.

Canadian Spirit Resources  (TSXV:SPI) Total Assets Explanation

Total Assets is connected with ROA %.

Canadian Spirit Resources's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=-1.388/( (11.081+10.754)/ 2 )
=-1.388/10.9175
=-12.71 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) 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.

Canadian Spirit Resources's Asset Turnover for the quarter that ended in Mar. 2026 is

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=0.094/( (11.081+10.754)/ 2 )
=0.094/10.9175
=0.01

* 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.

Canadian Spirit Resources Total Assets Related Terms

Canadian Spirit Resources Total Assets Historical Data

* Premium members only.

The historical data trend for Canadian Spirit Resources'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.

Canadian Spirit Resources Total Assets Chart

Canadian Spirit Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.13 39.00 39.27 29.92 11.69

Canadian Spirit Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 28.89 11.69 11.36 11.08 10.75

Canadian Spirit Resources 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.

Canadian Spirit Resources's Total Assets for the fiscal year that ended in Jun. 2025 is calculated as

Total Assets=Total Equity (A: Jun. 2025 )+Total Liabilities (A: Jun. 2025 )
=9.035+2.655
=11.69

Canadian Spirit Resources's Total Assets for the quarter that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=8.184+2.569
=10.75

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of C$10.75 Mil mean?
Canadian Spirit Resources (TSXV:SPI) has a Total Assets of C$10.75 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on Canadian Spirit Resources and its competitors.
Is Canadian Spirit Resources' Total Assets too high?
Canadian Spirit Resources' current Total Assets is C$10.75 Mil.
How does Canadian Spirit Resources' Total Assets compare to COP and EOG?
Canadian Spirit Resources' Total Assets of C$10.75 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Canadian Spirit Resources and its competitors. Canadian Spirit Resources's current Total Assets is C$10.75 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Spirit Resources stock overvalued right now?
Canadian Spirit Resources (TSXV:SPI) has a current Total Assets of C$10.75 Mil. The current Total Assets is C$10.75 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Canadian Spirit Resources (TSXV:SPI), the current Total Assets is C$10.75 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canadian Spirit Resources Business Description

Industry EnergyOil & Gas
Other Exchanges CSPUF:USA
Address 140 - 4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 3N3
Canadian Spirit Resources Inc is a natural resources company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. It is focused on the exploration and production of natural gas in the Montney Formation of northeast British Columbia.