Northgold AB Asset Resilience Ratio
Northgold AB asset resilience ratio. Northgold AB (NG) has an Asset Resilience Ratio of 4.84% as of June 2023. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Northgold AB (NG) defensive interval to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Northgold AB (2016–2022)
Asset resilience ratio of Northgold AB from 2016 to 2022. This chart shows how Northgold AB's Asset Resilience Ratio has changed over time. Read how much debt does Northgold AB carry for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Northgold AB's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see Northgold AB assets under control.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr2.76 Million | 4.84% |
| Short-term Investments | Skr0.00 | 0% |
| Total Liquid Assets | Skr2.76 Million | 4.84% |
Asset Resilience Insights
- Limited Liquidity: Northgold AB maintains only 4.84% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Northgold AB Industry Peers by Asset Resilience Ratio
Compare Northgold AB's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Newmont Corporation
AU:NEM |
Gold | 0.01% |
|
Barrick Gold Corp
TO:ABX |
Gold | 13.03% |
|
Wheaton Precious Metals Corp
TO:WPM |
Gold | 1.69% |
|
Evolution Mining Ltd
AU:EVN |
Gold | 9.64% |
|
Equinox Gold Corp
TO:EQX |
Gold | 1.42% |
|
Dundee Precious Metals Inc
TO:DPM |
Gold | 16.16% |
|
Perseus Mining Ltd
AU:PRU |
Gold | 14.98% |
|
OceanaGold Corporation
TO:OGC |
Gold | 13.91% |
Northgold AB Asset Resilience Ratio by Year (2016–2022)
Northgold AB asset resilience ratio by year from 2016 to 2022. The table below shows the annual Asset Resilience Ratio data for Northgold AB.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2022-12-31 | 11.68% | Skr4.41 Million ≈ $474.16K |
Skr37.72 Million ≈ $4.06 Million |
-15.12pp |
| 2021-12-31 | 26.80% | Skr3.59 Million ≈ $385.91K |
Skr13.38 Million ≈ $1.44 Million |
+25.92pp |
| 2019-12-31 | 0.88% | Skr2.86 Million ≈ $307.35K |
Skr326.05 Million ≈ $35.09 Million |
-0.59pp |
| 2018-12-31 | 1.46% | Skr4.83 Million ≈ $519.57K |
Skr330.01 Million ≈ $35.51 Million |
+0.06pp |
| 2017-12-31 | 1.40% | Skr4.77 Million ≈ $513.01K |
Skr339.64 Million ≈ $36.55 Million |
-10.06pp |
| 2016-12-31 | 11.47% | Skr30.44 Million ≈ $3.28 Million |
Skr265.48 Million ≈ $28.57 Million |
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About Northgold AB
Northgold AB (publ) operates as a gold exploration and development company in Sweden. Its flagship project is the Kopsa gold and copper project located in the Middle Ostrobothnia Gold Belt of Central Finland. The company also holds interest in the Kiimala trend and Hirsikangas project located in the Middle Ostrobothnia Gold Belt of Central Finland. Northgold AB (publ) was incorporated in 2020 and… Read more