Magnetic North Acquisition Corp (MNC) — Net Asset Quality Index
Magnetic North Acquisition Corp (MNC) has a Net Asset Quality Index of -358.6% as of September 2024. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$1.02 Million minus total liabilities of CA$4.68 Million yields net assets of CA$-3.66 Million. A higher index indicates a stronger, lower-leverage balance sheet. See Magnetic North Acquisition Corp (MNC) defensive interval to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Magnetic North Acquisition Corp Net Asset Quality Index Over Time (2017–2023)
This chart shows how Magnetic North Acquisition Corp's Net Asset Quality Index has evolved across 7 annual periods from 2017 to 2023. As of September 2024, the index stands at -358.6%, representing net assets of CA$-3.66 Million against total assets of CA$1.02 Million CAD. Explore cash flow conversion of Magnetic North Acquisition Corp to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Magnetic North Acquisition Corp (2017–2023)
The table below presents the year-by-year Net Asset Quality Index for Magnetic North Acquisition Corp from 2017 to 2023, covering 7 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see market value of Magnetic North Acquisition Corp.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2023 | -13.3% | CA$-1.87 Million | CA$14.02 Million | CA$15.89 Million | ▲ +3320.0 pp |
| 2022 | -3333.3% | CA$-18.47 Million | CA$554.12K | CA$19.02 Million | ▼ -3083.7 pp |
| 2021 | -249.6% | CA$-13.09 Million | CA$5.24 Million | CA$18.33 Million | ▼ -345.8 pp |
| 2020 | 96.2% | CA$13.32 Million | CA$13.85 Million | CA$527.52K | ▲ +24.4 pp |
| 2019 | 71.8% | CA$1.57 Million | CA$2.19 Million | CA$616.77K | ▲ +207.7 pp |
| 2018 | -135.9% | CA$-454.54K | CA$334.53K | CA$789.06K | ▼ -128.7 pp |
| 2017 | -7.2% | CA$-27.03K | CA$377.81K | CA$404.84K | — |