NORTHERN FREEGOLD (8N6) - Net Assets
Based on the latest financial reports, NORTHERN FREEGOLD (8N6) has net assets worth €3.83 Million EUR (≈ $4.48 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.24 Million ≈ $4.95 Million USD) and total liabilities (€405.86K ≈ $474.49K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read 8N6 total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.83 Million |
| % of Total Assets | 90.42% |
| Annual Growth Rate | -20.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 115.04 |
NORTHERN FREEGOLD - Net Assets Trend (2020–2024)
This chart illustrates how NORTHERN FREEGOLD's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of NORTHERN FREEGOLD for the complete picture of this company's asset base.
Annual Net Assets for NORTHERN FREEGOLD (2020–2024)
The table below shows the annual net assets of NORTHERN FREEGOLD from 2020 to 2024. For live valuation and market cap data, see NORTHERN FREEGOLD (8N6) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.01 Million ≈ $3.51 Million |
-19.03% |
| 2023-12-31 | €3.71 Million ≈ $4.34 Million |
+216.21% |
| 2022-12-31 | €1.17 Million ≈ $1.37 Million |
-56.43% |
| 2021-12-31 | €2.69 Million ≈ $3.15 Million |
-64.14% |
| 2020-12-31 | €7.51 Million ≈ $8.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NORTHERN FREEGOLD's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 841553700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €85.17 Million | 2833.43% |
| Total Equity | €3.01 Million | 100.00% |
NORTHERN FREEGOLD Competitors by Market Cap
The table below lists competitors of NORTHERN FREEGOLD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Charn Issara Development Public Company Limited
BK:CI
|
$10.31 Million |
|
Total Transport Systems Limited
NSE:TOTAL
|
$10.31 Million |
|
Excite Technology Services Ltd
AU:EXT
|
$10.31 Million |
|
ENTYR Ltd
AU:ETR
|
$10.32 Million |
|
Casa Emtia Petrol Kimyevi ve Turevleri Sanayi ve Ticaret AS
IS:CASA
|
$10.30 Million |
|
Sadbhav Infrastructure Project Limited
NSE:SADBHIN
|
$10.28 Million |
|
ICG Enterprise Trust PLC
LSE:ICGT
|
$10.28 Million |
|
Cemtrex Inc
NASDAQ:CETX
|
$10.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NORTHERN FREEGOLD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,712,263 to 3,005,943, a change of -706,320 (-19.0%).
- Net loss of 741,320 reduced equity.
- New share issuances of 35,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-741.32K | -24.66% |
| Share Issuances | €35.00K | +1.16% |
| Total Change | €- | -19.03% |
Book Value vs Market Value Analysis
This analysis compares NORTHERN FREEGOLD's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.90x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.50x to 3.90x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | €0.55 | €0.27 | x |
| 2021-12-31 | €0.19 | €0.27 | x |
| 2022-12-31 | €0.08 | €0.27 | x |
| 2023-12-31 | €0.09 | €0.27 | x |
| 2024-12-31 | €0.07 | €0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NORTHERN FREEGOLD utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -24.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.27x
- Recent ROE (-24.66%) is above the historical average (-88.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -66.95% | 0.00% | 0.00x | 1.06x | €-5.78 Million |
| 2021 | -190.99% | 0.00% | 0.00x | 1.45x | €-5.42 Million |
| 2022 | -129.51% | 0.00% | 0.00x | 3.15x | €-1.64 Million |
| 2023 | -32.17% | 0.00% | 0.00x | 1.08x | €-1.57 Million |
| 2024 | -24.66% | 0.00% | 0.00x | 1.27x | €-1.04 Million |
Industry Comparison
This section compares NORTHERN FREEGOLD's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $13,665,172
- Average return on equity (ROE) among peers: -60.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NORTHERN FREEGOLD (8N6) | €3.83 Million | -66.95% | 0.11x | $10.30 Million |
| Scandium International Mining Corp (0E6) | $3.10 Million | -89.51% | 0.07x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $-286.00K | 0.00% | 0.00x | $25.79 Million |
| Global Li-Ion Graphite Corp (0TD) | $3.82 Million | -29.84% | 0.10x | $581.83K |
| Benz Mining Corp (1VU) | $3.51 Million | -359.60% | 0.72x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $576.94K | -51.70% | 0.11x | $7.21 Million |
| PURANIUM ENERGY LTD. (2DK) | $-93.86K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $7.88 Million | -26.62% | 0.08x | $1.14 Million |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.74 Million |
| CDN Maverick Capital Corp. (338B) | $4.61 Million | -41.96% | 0.12x | $2.29 Million |
| Adriatic Metals Plc (3FN) | $113.54 Million | -8.98% | 0.16x | $1.23 Billion |
About NORTHERN FREEGOLD
Triumph Gold Corp., a junior natural resource company, engages in the acquisition, exploration, and development of mineral properties in the Yukon Territory and British Columbia, Canada. The company explores for gold, silver, copper, molybdenum, and tungsten deposits. Its flagship project is the 100% owned Freegold Mountain project comprising Tinta Hill property, Freegold property, Goldstar prope… Read more