Nevada King Gold Corp
Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada, the United States. It holds interests in the Atlanta Gold Mine Project, an open-pit gold mine located in Nevada. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp. in April 2021. Nevada King Gold Corp. is based in Vancouver, Canada.
Nevada King Gold Corp (NKGFF) - Net Assets
Latest net assets as of December 2025: $21.49 Million USD
Based on the latest financial reports, Nevada King Gold Corp (NKGFF) has net assets worth $21.49 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.58 Million) and total liabilities ($86.64K). 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 | $21.49 Million |
| % of Total Assets | 99.6% |
| Annual Growth Rate | 51.86% |
| 5-Year Change | -19.25% |
| 10-Year Change | N/A |
| Growth Volatility | 245.64 |
Nevada King Gold Corp - Net Assets Trend (2018–2025)
This chart illustrates how Nevada King Gold 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 Nevada King Gold Corp (2018–2025)
The table below shows the annual net assets of Nevada King Gold Corp from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $17.27 Million | -51.28% |
| 2024-03-31 | $35.45 Million | -2.58% |
| 2023-03-31 | $36.39 Million | -48.31% |
| 2022-03-31 | $70.40 Million | +229.12% |
| 2021-03-31 | $21.39 Million | +130.58% |
| 2020-03-31 | $9.28 Million | +25.76% |
| 2019-03-31 | $7.38 Million | +695.80% |
| 2018-03-31 | $926.92K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nevada King Gold 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 12350364900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $159.34 Million | 922.50% |
| Total Equity | $17.27 Million | 100.00% |
Nevada King Gold Corp Competitors by Market Cap
The table below lists competitors of Nevada King Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yuhwa Sec
KO:003460
|
$52.28 Million |
|
Wintermar Offshore Marine Tbk
JK:WINS
|
$52.30 Million |
|
Remgro Ltd
JSE:REM
|
$52.31 Million |
|
Esenboga Elektrik Uretim AS
IS:ESEN
|
$52.33 Million |
|
1867 Western Financial Corp
PINK:WFCL
|
$52.23 Million |
|
ATEME EO-14
F:AYD
|
$52.21 Million |
|
Funkwerk AG
F:FEW
|
$52.20 Million |
|
ChainSea Information Integration Co.,Ltd.
TWO:6898
|
$52.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nevada King Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 35,451,718 to 17,272,225, a change of -18,179,493 (-51.3%).
- Net loss of 14,999,903 reduced equity.
- New share issuances of 11,734,029 increased equity.
- Other comprehensive income decreased equity by 4,453,521.
- Other factors decreased equity by 10,460,098.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-15.00 Million | -86.84% |
| Share Issuances | $11.73 Million | +67.94% |
| Other Comprehensive Income | $-4.45 Million | -25.78% |
| Other Changes | $-10.46 Million | -60.56% |
| Total Change | $- | -51.28% |
Book Value vs Market Value Analysis
This analysis compares Nevada King Gold 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: 4.25x
- 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 3.76x to 4.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | $0.05 | $0.19 | x |
| 2019-03-31 | $0.09 | $0.19 | x |
| 2020-03-31 | $0.10 | $0.19 | x |
| 2021-03-31 | $0.22 | $0.19 | x |
| 2022-03-31 | $0.30 | $0.19 | x |
| 2023-03-31 | $0.13 | $0.19 | x |
| 2024-03-31 | $0.11 | $0.19 | x |
| 2025-03-31 | $0.05 | $0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nevada King Gold 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): -86.84%
- 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: 1.04x
- Recent ROE (-86.84%) is below the historical average (-61.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -10.24% | 0.00% | 0.00x | 1.02x | $-187.57K |
| 2019 | -128.62% | 0.00% | 0.00x | 1.07x | $-10.22 Million |
| 2020 | -27.48% | 0.00% | 0.00x | 1.01x | $-3.48 Million |
| 2021 | -9.15% | 0.00% | 0.00x | 1.01x | $-4.10 Million |
| 2022 | -9.79% | 0.00% | 0.00x | 1.00x | $-13.93 Million |
| 2023 | -147.27% | 0.00% | 0.00x | 1.04x | $-57.23 Million |
| 2024 | -76.20% | 0.00% | 0.00x | 1.02x | $-30.56 Million |
| 2025 | -86.84% | 0.00% | 0.00x | 1.04x | $-16.73 Million |
Industry Comparison
This section compares Nevada King Gold 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 |
|---|---|---|---|---|
| Nevada King Gold Corp (NKGFF) | $21.49 Million | -10.24% | 0.00x | $52.26 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 |