Cascadia Minerals (Cascadia Minerals) Total Assets : $1.68 Mil (As of Dec. 2023)

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What is Cascadia Minerals Total Assets?

Cascadia Minerals's Total Assets for the quarter that ended in Dec. 2023 was $1.68 Mil.

During the past 12 months, Cascadia Minerals's average Total Assets Growth Rate was 128.20% per year.

Total Assets is connected with ROA %. Cascadia Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -146.97%. Total Assets is also linked to Revenue through Asset Turnover. Cascadia Minerals's Asset Turnover for the quarter that ended in Dec. 2023 was 0.00.

Cascadia Minerals Total Assets Historical Data

The historical data trend for Cascadia Minerals'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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Cascadia Minerals Total Assets Chart

Cascadia Minerals Annual Data

Trend

Dec22

Dec23

Total Assets

0.38

1.68

Cascadia Minerals Quarterly Data
	Sep22	Dec22	Jun23	Sep23	Dec23
Total Assets	-	0.38	-	2.68	1.68

Cascadia Minerals 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.

Cascadia Minerals'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 )
	=	1.503	+	0.175
	=	1.68

Cascadia Minerals'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 )
	=	1.503	+	0.175
	=	1.68

Cascadia Minerals (OTCPK:CAMNF) Total Assets Explanation

Total Assets is connected with ROA %.

Cascadia Minerals's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-3.204	/	( (2.681	+	1.679)	/ 2 )
	=	-3.204	/	2.18
	=	-146.97 %

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

Cascadia Minerals's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	0	/	( (2.681	+	1.679)	/ 2 )
=	0	/	2.18
=	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.

Cascadia Minerals Total Assets Related Terms

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Cascadia Minerals (Cascadia Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cascadia Minerals Ltd (OTCPK:CAMNF) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

CAM:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.cascadiaminerals.com

Cascadia Minerals Ltd is a new Canadian exploration company focused on exploring for copper and gold in Yukon and British Columbia. The company is planning a maiden drill program at its flagship Catch Property this summer, targeting high-grade copper and gold mineralization.

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