Northern Shield Resources Inc. (NRN) — Net Asset Quality Index
Northern Shield Resources Inc. (NRN) has a Net Asset Quality Index of 84.4% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$3.43 Million minus total liabilities of CA$533.75K yields net assets of CA$2.89 Million. A higher index indicates a stronger, lower-leverage balance sheet. Also explore NRN asset base for the complete picture of this company's asset base.
Quality Index
Net Assets
Total Assets
Total Liabilities
Northern Shield Resources Inc. Net Asset Quality Index Over Time (2002–2024)
This chart shows how Northern Shield Resources Inc.'s Net Asset Quality Index has evolved across 23 annual periods from 2002 to 2024. As of September 2025, the index stands at 84.4%, representing net assets of CA$2.89 Million against total assets of CA$3.43 Million CAD. See working capital position of Northern Shield Resources Inc. to evaluate short-term liquidity relative to the company's equity base.
Annual Net Asset Quality Index for Northern Shield Resources Inc. (2002–2024)
The table below presents the year-by-year Net Asset Quality Index for Northern Shield Resources Inc. from 2002 to 2024, covering 23 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 NRN stock market capitalisation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 77.4% | CA$2.30 Million | CA$2.98 Million | CA$671.58K | ▼ -9.0 pp |
| 2023 | 86.4% | CA$5.20 Million | CA$6.02 Million | CA$816.62K | ▼ -3.8 pp |
| 2022 | 90.3% | CA$5.21 Million | CA$5.77 Million | CA$561.51K | ▼ -3.9 pp |
| 2021 | 94.2% | CA$5.38 Million | CA$5.71 Million | CA$334.01K | ▲ +3.0 pp |
| 2020 | 91.2% | CA$5.01 Million | CA$5.50 Million | CA$484.16K | ▲ +6.1 pp |
| 2019 | 85.1% | CA$2.39 Million | CA$2.81 Million | CA$417.76K | ▼ -3.8 pp |
| 2018 | 88.9% | CA$1.64 Million | CA$1.84 Million | CA$204.56K | ▼ -6.2 pp |
| 2017 | 95.1% | CA$2.73 Million | CA$2.87 Million | CA$140.84K | ▲ +5.1 pp |
| 2016 | 90.0% | CA$3.47 Million | CA$3.86 Million | CA$388.00K | ▲ +39.3 pp |
| 2015 | 50.6% | CA$296.50K | CA$585.57K | CA$289.07K | ▼ -41.4 pp |
| 2014 | 92.0% | CA$3.76 Million | CA$4.09 Million | CA$327.31K | ▲ +0.9 pp |
| 2013 | 91.1% | CA$8.24 Million | CA$9.05 Million | CA$809.98K | ▼ -3.9 pp |
| 2012 | 94.9% | CA$9.85 Million | CA$10.37 Million | CA$525.10K | ▲ +6.6 pp |
| 2011 | 88.4% | CA$6.58 Million | CA$7.45 Million | CA$867.83K | ▼ -6.5 pp |
| 2010 | 94.8% | CA$5.29 Million | CA$5.58 Million | CA$288.02K | ▼ -1.1 pp |
| 2009 | 95.9% | CA$4.40 Million | CA$4.59 Million | CA$187.84K | ▲ +3.5 pp |
| 2008 | 92.4% | CA$4.52 Million | CA$4.89 Million | CA$369.74K | ▼ -1.0 pp |
| 2007 | 93.4% | CA$2.74 Million | CA$2.93 Million | CA$194.03K | ▼ -1.9 pp |
| 2006 | 95.3% | CA$2.99 Million | CA$3.13 Million | CA$146.68K | ▲ +0.4 pp |
| 2005 | 94.9% | CA$2.62 Million | CA$2.76 Million | CA$141.21K | ▲ +1.9 pp |
| 2004 | 92.9% | CA$2.25 Million | CA$2.42 Million | CA$171.15K | ▲ +8.1 pp |
| 2003 | 84.9% | CA$1.13 Million | CA$1.33 Million | CA$200.61K | ▼ -13.0 pp |
| 2002 | 97.8% | CA$178.79K | CA$182.74K | CA$3.95K | — |