NORTHERN SHIELD RES INC. Net Assets
NORTHERN SHIELD RES INC. net assets. Based on the latest financial reports, NORTHERN SHIELD RES INC. (N9SA) has net assets worth €4.42 Million EUR (≈ $5.17 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.88 Million ≈ $5.70 Million USD) and total liabilities (€453.58K ≈ $530.29K 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. Also explore net asset momentum of NORTHERN SHIELD RES INC. to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.42 Million |
| % of Total Assets | 90.7% |
| Annual Growth Rate | -8.96% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 41.08 |
Net Assets of NORTHERN SHIELD RES INC. (2021–2025)
Net assets of NORTHERN SHIELD RES INC. from 2021 to 2025. This chart illustrates how NORTHERN SHIELD RES INC.'s net assets have evolved over time, based on quarterly financial data. See N9SA net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for NORTHERN SHIELD RES INC. (2021–2025)
The table below shows the annual net assets of NORTHERN SHIELD RES INC. from 2021 to 2025. For live market cap and overall valuation, see NORTHERN SHIELD RES INC. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.69 Million ≈ $4.32 Million |
+60.31% |
| 2024-12-31 | €2.30 Million ≈ $2.69 Million |
-55.71% |
| 2023-12-31 | €5.20 Million ≈ $6.08 Million |
-0.08% |
| 2022-12-31 | €5.21 Million ≈ $6.09 Million |
-3.16% |
| 2021-12-31 | €5.38 Million ≈ $6.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NORTHERN SHIELD RES INC.'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 548237800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
NORTHERN SHIELD RES INC. Net Assets Breakdown (December 2025)
NORTHERN SHIELD RES INC. net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €40.74 Million | 1103.23% |
| Total Equity | €3.69 Million | 100.00% |
NORTHERN SHIELD RES INC. Competitors by Market Cap
The table below lists competitors of NORTHERN SHIELD RES INC. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Khandwala Securities Limited
NSE:KHANDSE
|
$2.87 Million |
|
Silla Sg Co. Ltd
KQ:025870
|
$2.87 Million |
|
Avalon GloboCare Corp.
NASDAQ:ALBT
|
$2.87 Million |
|
Can Fite Biopharma Ltd
TA:CANF
|
$2.87 Million |
|
Elixirr International Plc
LSE:ELIX
|
$2.87 Million |
|
Biotricity Inc
NASDAQ:BTCY
|
$2.87 Million |
|
Atlantic Sapphire As
OL:ASA
|
$2.87 Million |
|
B P Marsh and Partners PLC
LSE:BPM
|
$2.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NORTHERN SHIELD RES INC.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,303,700 to 3,693,057, a change of 1,389,357 (60.3%).
- Net loss of 693,230 reduced equity.
- New share issuances of 1,865,400 increased equity.
- Other factors increased equity by 217,187.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-693.23K | -18.77% |
| Share Issuances | €1.87 Million | +50.51% |
| Other Changes | €217.19K | +5.88% |
| Total Change | €- | 60.31% |
Book Value vs Market Value Analysis
This analysis compares NORTHERN SHIELD RES INC.'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: 0.59x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.17x to 0.59x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €0.09 | €0.02 | x |
| 2022-12-31 | €0.08 | €0.02 | x |
| 2023-12-31 | €0.06 | €0.02 | x |
| 2024-12-31 | €0.03 | €0.02 | x |
| 2025-12-31 | €0.03 | €0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NORTHERN SHIELD RES INC. 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): -18.77%
- 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: 1.14x
- Recent ROE (-18.77%) is above the historical average (-38.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -4.33% | 0.00% | 0.00x | 1.06x | €-770.64K |
| 2022 | -11.72% | 0.00% | 0.00x | 1.11x | €-1.13 Million |
| 2023 | -19.06% | 0.00% | 0.00x | 1.16x | €-1.51 Million |
| 2024 | -138.38% | 0.00% | 0.00x | 1.29x | €-3.42 Million |
| 2025 | -18.77% | 0.00% | 0.00x | 1.14x | €-1.06 Million |
Industry Comparison
This section compares NORTHERN SHIELD RES INC.'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: $41,698,980
- Average return on equity (ROE) among peers: -45.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NORTHERN SHIELD RES INC. (N9SA) | €4.42 Million | -4.33% | 0.10x | $2.87 Million |
| Domestic Metals Corp. (03E0) | $5.67 Million | -26.65% | 0.13x | $4.92 Million |
| Scandium International Mining Corp (0E6) | $1.33 Million | -158.28% | 0.03x | $24.61 Million |
| PROSPECT RIDGE RESOURCES (0ED) | $6.94 Million | -29.20% | 0.07x | $3.34 Million |
| Asiamet Resources Ltd (0FK) | $-286.00K | 0.00% | 0.00x | $1.98 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.41 Million | -62.75% | 0.22x | $758.30K |
| Benz Mining Corp (1VU) | $2.47 Million | -52.89% | 0.10x | $417.32 Million |
| BENZ MINING CORP CDI/1 (1VU0) | $7.26 Million | -55.45% | 0.05x | $1.05 Billion |
| Pacific Empire Minerals Corp (1YK) | $1.22 Million | -95.73% | 0.06x | $5.16 Million |
| Alphamin Resources Corp (21L) | $390.07 Million | 25.84% | 0.48x | $1.04 Billion |
| PURANIUM ENERGY LTD. (2DK) | $-93.86K | 0.00% | 0.00x | $469.66K |
About NORTHERN SHIELD RES INC.
Northern Shield Resources Inc., a natural resource company, engages in identifying, acquiring, and exploring mineral properties primarily in Eastern Canada. The company explores for nickel, copper, gold, silver, and tellurium deposits, as well as platinum group metals. Its flagship property is the Root & Cellar Au-Ag-Te-(Cu) property that consists of 16 mineral licenses covering an area of approx… Read more