Flying Nickel Mining Corp
CleanTech Vanadium Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel and vanadium deposits. Its flagship property is the 100% owned Gibellini vanadium project located in Nevada, the United States. The company was formerly known as Flying Nickel Mining Corp. and changed its name to CleanTech Vanadium Mining Corp. … Read more
Flying Nickel Mining Corp (FLYNF) - Net Assets
Latest net assets as of September 2024: $13.45 Million USD
Based on the latest financial reports, Flying Nickel Mining Corp (FLYNF) has net assets worth $13.45 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.25 Million) and total liabilities ($7.81 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.45 Million |
| % of Total Assets | 63.27% |
| Annual Growth Rate | 351.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Flying Nickel Mining Corp - Net Assets Trend (2022–2024)
This chart illustrates how Flying Nickel Mining Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Flying Nickel Mining Corp (2022–2024)
The table below shows the annual net assets of Flying Nickel Mining Corp from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $22.72 Million | +1940.62% |
| 2022-03-31 | $1.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flying Nickel Mining Corp'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 566245600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $28.74 Million | 126.51% |
| Total Equity | $22.72 Million | 100.00% |
Flying Nickel Mining Corp Competitors by Market Cap
The table below lists competitors of Flying Nickel Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ice Fish Farm AS
OL:IFISH
|
$3.01 Million |
|
AGATOS S.P.A.
F:5JS1
|
$3.01 Million |
|
One World Lithium Inc
OTCQB:OWRDF
|
$3.01 Million |
|
Polyram Plastic Industries Ltd
TA:POLP
|
$3.01 Million |
|
Vizsla Copper Corp
PINK:VCUFF
|
$3.00 Million |
|
River City Bank
PINK:RCBC
|
$3.00 Million |
|
GANGLONG CHINA PR.GR.LTD
F:52J
|
$3.00 Million |
|
FEDEX (FDX.SG)
STU:FDX
|
$3.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flying Nickel Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2024, total equity changed from 1,113,224 to 22,716,629, a change of 21,603,405 (1940.6%).
- Net loss of 1,569,740 reduced equity.
- New share issuances of 1,839,873 increased equity.
- Other factors increased equity by 21,333,272.
Equity Change Factors (2022 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.57 Million | -6.91% |
| Share Issuances | $1.84 Million | +8.1% |
| Other Changes | $21.33 Million | +93.91% |
| Total Change | $- | 1940.62% |
Book Value vs Market Value Analysis
This analysis compares Flying Nickel Mining Corp'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: 0.14x
- 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 decreased from 1.95x to 0.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | $0.02 | $0.04 | x |
| 2024-03-31 | $0.26 | $0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flying Nickel Mining Corp 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): -6.91%
- 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: 1.02x
- Recent ROE (-6.91%) is above the historical average (-19.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -32.40% | 0.00% | 0.00x | 7.17x | $-471.96K |
| 2024 | -6.91% | 0.00% | 0.00x | 1.02x | $-3.84 Million |
Industry Comparison
This section compares Flying Nickel Mining Corp'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: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flying Nickel Mining Corp (FLYNF) | $13.45 Million | -32.40% | 0.58x | $3.01 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |