Ranger Gold Corp. 10-Q: Assets $242.7M, Liabilities $248.0M
Ticker: RNGC · Form: 10-Q · Filed: Feb 20, 2025 · CIK: 1434740
| Field | Detail |
|---|---|
| Company | Ranger Gold Corp. (RNGC) |
| Form Type | 10-Q |
| Filed Date | Feb 20, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: 10-Q, financials, restatement, mining
TL;DR
**Ranger Gold Corp. 10-Q: $242.7M assets vs $248.0M liabilities. Restatement alert!**
AI Summary
Ranger Gold Corp. filed its 10-Q for the period ending December 31, 2024. The company reported total assets of $242.7 million and total liabilities of $248.0 million. The filing also indicates a restatement of prior period financial information for the nine months ended December 31, 2023.
Why It Matters
This 10-Q filing provides a snapshot of Ranger Gold Corp.'s financial health as of late 2024, highlighting a net liability position and a restatement of past results.
Risk Assessment
Risk Level: medium — The company has more liabilities than assets and has restated prior financial periods, indicating potential financial instability or accounting issues.
Key Numbers
- $242.7B — Total Assets (As of December 31, 2024)
- $248.0B — Total Liabilities (As of December 31, 2024)
- Q3 2025 — Fiscal Quarter End (Indicates the reporting period)
Key Players & Entities
- Ranger Gold Corp. (company) — Filer of the 10-Q
- 2024-12-31 (date) — Period end date for the 10-Q
- $242,669,234 (dollar_amount) — Total assets as of December 31, 2024
- $248,020,000 (dollar_amount) — Total liabilities as of December 31, 2024
- 2023-12-31 (date) — Date for restated financial information
FAQ
What is the reason for the restatement of financial information for the nine months ended December 31, 2023?
The filing indicates 'AmountsRestatedMember' and 'RestatementAdjustmentMember' for the period ending December 31, 2023, suggesting a correction or revision to previously reported figures, though the specific reason is not detailed in the provided snippet.
What is the net financial position of Ranger Gold Corp. as of December 31, 2024?
As of December 31, 2024, Ranger Gold Corp. reported total assets of $242,669,234 and total liabilities of $248,020,000, indicating a net liability position.
What is the fiscal year-end for Ranger Gold Corp.?
The fiscal year-end for Ranger Gold Corp. is March 31 (0331).
What type of business does Ranger Gold Corp. operate in?
Ranger Gold Corp. operates in the GOLD & SILVER ORES industry, with SIC code 1040.
What was the company's former name?
The company's former name was FENARIO INC, with a date of name change on May 9, 2008.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on February 20, 2025 regarding Ranger Gold Corp. (RNGC).