Canada Rare Earth Corp.
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Canada Rare Earth Corp.'s balance sheet done over the years? Its assets were worth $3,100,796 last year, which is more than in the previous period. 125% of Canada Rare Earth Corp.’s total assets is currently financed by debt. Its liabilities reached the amount of $3,887,988, which means an increase by 71% compared compared to last year.
Debt to Assets
| 2015 | 3735550 | 35.46K | 0.95% |
|---|---|---|---|
| 2016 | 2190495 | 26.04K | 1.19% |
| 2017 | 2194609 | 304.75K | 13.89% |
| 2018 | 1981667 | 2.75M | 139.21% |
| 2019 | 1108336 | 1.99M | 179.59% |
| 2020 | 1519710 | 1.56M | 103.02% |
| 2021 | 603108 | 786.64K | 130.43% |
| 2022 | 1195525 | 1.72M | 144.51% |
| 2023 | 2274797 | 2.26M | 99.73% |
| 2024 | 3100796 | 3.88M | 125.39% |
RAREF Balance Sheet (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 221.56K | 220.63K | 76.98K | 33.83K | 204.27K | 514.22K | 1.50M | 45.59K | 323.47K | 52.61K |
Short term investments | 72 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 540K |
Net receivables | 408.93K | 565.15K | 328.2K | 5.36K | 197.77K | 352.40K | 17.19K | 83.83K | 17.93K | 133.08K |
Inventory | 1.35M | 453.11K | 59.66K | 288.28K | 1 | 0 | 0 | 0 | 0 | 1 |
Other current assets | 23.82K | 11.68K | 73.30K | 323.57K | 198.45K | 162.12K | 323.11K | 179.23K | 9.03K | 0 |
Total current assets | 1.96M | 1.25M | 478.48K | 362.78K | 600.49K | 1.02M | 1.84M | 308.66K | 350.43K | 725.70K |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 210.89K | 298.13K | 320.89K | 70.99K | 40.15K | 0 | 0 | 0 | 0 | 1.82M |
Goodwill | 6.66K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 4.44K | 37.77K | 64.44K | 1 | 19.89K | 0 | 0 | 247.44K | 0 | 38.54K |
Long term investments | 910.06K | 679.29K | 331.70K | 169.33K | 2 | 2 | 2 | 1.67M | 1.60M | 1.14M |
Other non-current assets | 72 | -1 | -1 | -2 | 859.16K | 79.58K | 139.26K | -38.54K | 232.76K | 0 |
Total non-current assets | 1.13M | 1.01M | 717.04K | 240.32K | 919.21K | 79.58K | 139.26K | 1.88M | 1.84M | 3.00M |
Total assets | 3.10M | 2.27M | 1.19M | 603.10K | 1.51M | 1.10M | 1.98M | 2.19M | 2.19M | 3.73M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | -57.98K | 0 | 0 | 0 | 0 | 617.51K | 0 | 0 | 0 |
Short term debt | 735.92K | 1.07M | 49.43K | 3.26K | 36.83K | 1.11M | 410.43K | 160.91K | 0 | 0 |
Total current liabilities | 2.77M | 1.66M | 1.37M | 661.64K | 1.38M | 1.74M | 1.79M | 304.75K | 26.04K | 35.46K |
| Non-current liabilities: | ||||||||||
Long term debt | 97.80K | 166.36K | 224.35K | 0 | 3.26K | 0 | 516.62K | 0 | 0 | 0 |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 1.01M | 436.35K | 125K | 125K | 176K | 250K | 447.1K | 0 | 0 | 0 |
Total non-current liabilities | 1.10M | 602.72K | 349.35K | 125K | 179.26K | 250K | 963.72K | 0 | 0 | 0 |
Total liabilities | 3.88M | 2.26M | 1.72M | 786.64K | 1.56M | 1.99M | 2.75M | 304.75K | 26.04K | 35.46K |