Eagle Royalties (XCNQ:ER) Total Assets : C$2.17 Mil (As of Dec. 2023)

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What is Eagle Royalties Total Assets?

Eagle Royalties's Total Assets for the quarter that ended in Dec. 2023 was C$2.17 Mil.

During the past 12 months, Eagle Royalties's average Total Assets Growth Rate was 173.30% per year.

Total Assets is connected with ROA %. Eagle Royalties's annualized ROA % for the quarter that ended in Dec. 2023 was -94.26%. Total Assets is also linked to Revenue through Asset Turnover. Eagle Royalties's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Eagle Royalties Total Assets Historical Data

The historical data trend for Eagle Royalties'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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Eagle Royalties Total Assets Chart

Eagle Royalties Annual Data

Trend

Dec21

Dec22

Dec23

Total Assets

0.11

2.17

Eagle Royalties Semi-Annual Data
	Dec21	Dec22	Dec23
Total Assets	-	0.11	2.17

Eagle Royalties 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.

Eagle Royalties'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 )
	=	1.586	+	0.587
	=	2.17

Eagle Royalties's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	1.586	+	0.587
	=	2.17

Eagle Royalties (XCNQ:ER) Total Assets Explanation

Total Assets is connected with ROA %.

Eagle Royalties's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-1.075	/	( (0.109	+	2.172)	/ 2 )
	=	-1.075	/	1.1405
	=	-94.26 %

Note: The Net Income data used here is one times the annual (Dec. 2023) 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.

Eagle Royalties's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (0.109	+	2.172)	/ 2 )
=	0	/	1.1405
=	0.00

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.

Eagle Royalties Total Assets Related Terms

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Eagle Royalties (XCNQ:ER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eagle Royalties Ltd (XCNQ:ER) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

ERYTF:USA

Address

44 – 12th Avenue South, Suite 200, Cranbrook, BC, CAN, V1C 2R7

Website

https://www.eagleroyalties.com

Eagle Royalties Ltd manages royalty assets. The firm holds royalty interests on over 40 mineral exploration projects in western Canada. These projects are being explored for commodities that include gold, silver, critical metals, uranium, rare-earth elements, diamonds, and industrial minerals.

Executives

Timothy Jay Termuende	Director, Senior Officer
Jesse Campbell	Director

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