NEVDQ
Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, silver, and iron magnetite ores. It holds 100% interests in the Pumpkin Hollow Copper property that consist of approximately 28.8 square-mile land patented claims located in Yerington, Nevada. Nevada Copper Corp. was incorporated in 1999 and is based i… Read more
NEVDQ (NEVDQ) - Net Assets
Latest net assets as of March 2024: $233.60 Million USD
Based on the latest financial reports, NEVDQ (NEVDQ) has net assets worth $233.60 Million USD as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($726.67 Million) and total liabilities ($493.07 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 | $233.60 Million |
| % of Total Assets | 32.15% |
| Annual Growth Rate | -6.01% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 40.26 |
NEVDQ - Net Assets Trend (2019–2023)
This chart illustrates how NEVDQ's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NEVDQ (2019–2023)
The table below shows the annual net assets of NEVDQ from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $248.63 Million | +28.74% |
| 2022-12-31 | $193.13 Million | -62.47% |
| 2021-12-31 | $514.55 Million | +40.67% |
| 2020-12-31 | $365.79 Million | +14.83% |
| 2019-12-31 | $318.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NEVDQ'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 47205600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $862.93 Million | 347.07% |
| Total Equity | $248.63 Million | 100.00% |
NEVDQ Competitors by Market Cap
The table below lists competitors of NEVDQ ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greater Than AB
ST:GREAT
|
$6.37 Million |
|
Manho Rope&Wir
KO:001080
|
$6.38 Million |
|
BSM Technologies Inc.
V:GPS
|
$6.38 Million |
|
EMS-CHEM HLDG N
MU:EMC1
|
$6.38 Million |
|
Honey Badger Silver Inc
OTCQB:HBEIF
|
$6.37 Million |
|
OHEIM INT Co.Ltd
KQ:309930
|
$6.37 Million |
|
Anjani Portland Cement Limited
NSE:APCL
|
$6.37 Million |
|
DURUKAN SEKERLEME
IS:DURKN
|
$6.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NEVDQ's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 193,134,000 to 248,632,000, a change of 55,498,000 (28.7%).
- Net loss of 60,891,000 reduced equity.
- New share issuances of 38,860,000 increased equity.
- Other factors increased equity by 77,529,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-60.89 Million | -24.49% |
| Share Issuances | $38.86 Million | +15.63% |
| Other Changes | $77.53 Million | +31.18% |
| Total Change | $- | 28.74% |
Book Value vs Market Value Analysis
This analysis compares NEVDQ'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: 0.10x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $2.46 | $0.02 | x |
| 2021-12-31 | $1.15 | $0.02 | x |
| 2022-12-31 | $0.27 | $0.02 | x |
| 2023-12-31 | $0.17 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NEVDQ 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): -24.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1332.41%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.83x
- Recent ROE (-24.49%) is above the historical average (-44.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -1.69% | 0.00% | 0.00x | 1.91x | $-37.24 Million |
| 2020 | -5.56% | 0.00% | 0.00x | 2.09x | $-56.92 Million |
| 2021 | -5.42% | -250.22% | 0.01x | 1.78x | $-79.33 Million |
| 2022 | -185.34% | -3939.53% | 0.01x | 3.35x | $-377.26 Million |
| 2023 | -24.49% | -1332.41% | 0.01x | 2.83x | $-85.75 Million |
Industry Comparison
This section compares NEVDQ's net assets metrics with peer companies in the Copper industry.
Industry Context
- Industry: Copper
- Average net assets among peers: $772,452,903
- Average return on equity (ROE) among peers: -135.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NEVDQ (NEVDQ) | $233.60 Million | -1.69% | 2.11x | $6.37 Million |
| Atlas Consolidated Mining and Development Corporation (ACMDY) | $5.76 Billion | -13.16% | 2.06x | $240.13 Million |
| Antofagasta PLC (ANFGF) | $1.28 Billion | 7.59% | 0.93x | $6.24 Billion |
| Trinity One Metals Ltd. (ARJNF) | $-188.82K | 0.00% | 0.00x | $100.13K |
| Amerigo Resources Ltd. (ARREF) | $132.68 Million | 0.00% | 0.55x | $151.75 Million |
| Arizona Sonoran Copper Company Inc. (ASCUF) | $44.08 Million | -29.63% | 0.23x | $218.14 Million |
| Alta Copper Corp. (ATCUF) | $62.65 Million | -1.27% | 0.02x | $17.41 Million |
| Atalaya Mining Plc (ATLMF) | $435.90 Million | 30.66% | 0.34x | $433.10 Million |
| Bell Copper Corporation (BCUFF) | $9.40 Million | -12.90% | 0.16x | $2.22 Million |
| Giant Mining Corp. (BFGFF) | $824.41K | -253.66% | 0.31x | $18.49 Million |
| Blue River Resources Ltd (BRVRF) | $145.98K | -1083.66% | 2.72x | $704.59K |