Spirit Blockchain Capital (XCNQ:SPIR) Total Assets : C$0.90 Mil (As of Sep. 2023)

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What is Spirit Blockchain Capital Total Assets?

Spirit Blockchain Capital's Total Assets for the quarter that ended in Sep. 2023 was C$0.90 Mil.

During the past 12 months, Spirit Blockchain Capital's average Total Assets Growth Rate was 22.20% per year.

Total Assets is connected with ROA %. Spirit Blockchain Capital's annualized ROA % for the quarter that ended in Sep. 2023 was -88.34%. Total Assets is also linked to Revenue through Asset Turnover. Spirit Blockchain Capital's Asset Turnover for the quarter that ended in Sep. 2023 was 0.00.

Spirit Blockchain Capital Total Assets Historical Data

The historical data trend for Spirit Blockchain Capital'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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Spirit Blockchain Capital Total Assets Chart

Spirit Blockchain Capital Annual Data

Trend

Dec21

Dec22

Total Assets

4.04

0.74

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Assets	Get a 7-Day Free Trial					1.24	0.74	1.06	0.87	0.90

Spirit Blockchain Capital 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.

Spirit Blockchain Capital's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	0.092	+	0.647
	=	0.74

Spirit Blockchain Capital's Total Assets for the quarter that ended in Sep. 2023 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	-0.049	+	0.948
	=	0.90

Spirit Blockchain Capital (XCNQ:SPIR) Total Assets Explanation

Total Assets is connected with ROA %.

Spirit Blockchain Capital's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.78	/	( (0.867	+	0.899)	/ 2 )
	=	-0.78	/	0.883
	=	-88.34 %

Note: The Net Income data used here is four times the quarterly (Sep. 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.

Spirit Blockchain Capital's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	0	/	( (0.867	+	0.899)	/ 2 )
=	0	/	0.883
=	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.

Spirit Blockchain Capital Total Assets Related Terms

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Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

SBLCF:USA

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

https://www.spiritblockchain.com

Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.