NorthX Nickel Corp.
NorthX Nickel Corp. engages in the identification, acquisition, evaluation, and exploration of mineral properties. The company primarily explores for nickel deposits. Its flagship asset is its 100% owned Grasset nickel sulphide project that consists of 153 claims blocks covering an area of 81.81 square kilometers located in the Quebec, Canada. The company was formerly known as Archer Exploration … Read more
NorthX Nickel Corp. (NXNIF) - Net Assets
Latest net assets as of June 2025: $3.80 Million USD
Based on the latest financial reports, NorthX Nickel Corp. (NXNIF) has net assets worth $3.80 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 ($7.85 Million) and total liabilities ($4.06 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 | $3.80 Million |
| % of Total Assets | 48.34% |
| Annual Growth Rate | 113.54% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2507.82 |
NorthX Nickel Corp. - Net Assets Trend (2020–2024)
This chart illustrates how NorthX Nickel 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 NorthX Nickel Corp. (2020–2024)
The table below shows the annual net assets of NorthX Nickel Corp. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $4.35 Million | +5509.12% |
| 2022-09-30 | $77.51K | -94.09% |
| 2021-09-30 | $1.31 Million | +527.07% |
| 2020-09-30 | $209.09K | -- |
Equity Component Analysis
This analysis shows how different components contribute to NorthX Nickel 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 4334598200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $47.70 Million | 1097.21% |
| Total Equity | $4.35 Million | 100.00% |
NorthX Nickel Corp. Competitors by Market Cap
The table below lists competitors of NorthX Nickel Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACMAT Corporation
PINK:ACMT
|
$2.73 Million |
|
Bowen Coking Coal Ltd
AU:BCB
|
$2.73 Million |
|
3330
XETRA:3330
|
$2.73 Million |
|
Advanced Packaging Tech (Malaysia)
KLSE:9148
|
$2.73 Million |
|
Turism Felix B
RO:TUFE
|
$2.73 Million |
|
Synlogic Inc
NASDAQ:SYBX
|
$2.73 Million |
|
Lanakam S.A
AT:LANAC
|
$2.73 Million |
|
MM2 ASIA LTD
F:1MMA
|
$2.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NorthX Nickel Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2024, total equity changed from 77,509 to 4,347,575, a change of 4,270,066 (5509.1%).
- Net loss of 35,793,864 reduced equity.
- New share issuances of 2,275,000 increased equity.
- Other factors increased equity by 37,788,930.
Equity Change Factors (2022 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-35.79 Million | -823.31% |
| Share Issuances | $2.27 Million | +52.33% |
| Other Changes | $37.79 Million | +869.2% |
| Total Change | $- | 5509.12% |
Book Value vs Market Value Analysis
This analysis compares NorthX Nickel 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: 0.49x
- 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 4.88x to 0.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | $0.02 | $0.07 | x |
| 2021-09-30 | $1.21 | $0.07 | x |
| 2022-09-30 | $0.04 | $0.07 | x |
| 2024-09-30 | $0.15 | $0.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NorthX Nickel 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): -823.31%
- 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: 1.64x
- Recent ROE (-823.31%) is above the historical average (-1343.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -4.02% | 0.00% | 0.00x | 1.04x | $-29.32K |
| 2021 | -56.04% | 0.00% | 0.00x | 1.17x | $-865.91K |
| 2022 | -4489.53% | 0.00% | 0.00x | 4.07x | $-3.49 Million |
| 2024 | -823.31% | 0.00% | 0.00x | 1.64x | $-36.23 Million |
Industry Comparison
This section compares NorthX Nickel 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 |
|---|---|---|---|---|
| NorthX Nickel Corp. (NXNIF) | $3.80 Million | -4.02% | 1.07x | $2.73 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 |