Interra Copper (XCNQ:IMCX) Total Assets : C$7.30 Mil (As of Mar. 2024)

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What is Interra Copper Total Assets?

Interra Copper's Total Assets for the quarter that ended in Mar. 2024 was C$7.30 Mil.

During the past 3 years, the average Total Assets Growth Rate was 15.60% per year.

During the past 6 years, Interra Copper's highest 3-Year average Total Assets Growth Rate was 100.70%. The lowest was 15.60%. And the median was 58.15%.

Total Assets is connected with ROA %. Interra Copper's annualized ROA % for the quarter that ended in Mar. 2024 was -26.84%. Total Assets is also linked to Revenue through Asset Turnover. Interra Copper's Asset Turnover for the quarter that ended in Mar. 2024 was 0.00.

Interra Copper Total Assets Historical Data

The historical data trend for Interra Copper'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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Interra Copper Total Assets Chart

Interra Copper Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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0.75

4.98

6.53

6.08

7.52

Interra Copper 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															-	15.31	14.69	7.52	7.30

Interra Copper 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.

Interra Copper'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 )
	=	7.046	+	0.471
	=	7.52

Interra Copper'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 )
	=	6.789	+	0.507
	=	7.30

Interra Copper (XCNQ:IMCX) Total Assets Explanation

Total Assets is connected with ROA %.

Interra Copper'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 )
	=	-1.988	/	( (7.517	+	7.295)	/ 2 )
	=	-1.988	/	7.406
	=	-26.84 %

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.

Interra Copper'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 )
=	0	/	( (7.517	+	7.295)	/ 2 )
=	0	/	7.406
=	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.

Interra Copper Total Assets Related Terms

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Interra Copper (XCNQ:IMCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Interra Copper Corp (XCNQ:IMCX) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

IMIMF:USA 3MX:Germany

Address

550 Burrard Street, Suite 1008, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.interracopper.com

Interra Copper Corpy is a junior mineral exploration company engaged in the acquisition, exploration, and evaluation of natural resource properties in British Columbia, Canada. The company has one mineral exploration property, which is the Thane Property located in north-central British Columbia and the Chuck Creek Property located in central British Columbia. The Thane property is predominantly underlain by intrusive rocks of the Hogem Plutonic Suite.

Executives

Jason Alexander Wolfgang Nickel

Director, Senior Officer

Interra Copper (XCNQ:IMCX) Headlines

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