Northern Shield Resources 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
Northern Shield Resources Inc (NSHRF) - Net Assets
Latest net assets as of September 2025: $2.89 Million USD
Based on the latest financial reports, Northern Shield Resources Inc (NSHRF) has net assets worth $2.89 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.43 Million) and total liabilities ($533.75K). 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 | $2.89 Million |
| % of Total Assets | 84.42% |
| Annual Growth Rate | 12.32% |
| 5-Year Change | -54.05% |
| 10-Year Change | 676.96% |
| Growth Volatility | 246.58 |
Northern Shield Resources Inc - Net Assets Trend (2002–2024)
This chart illustrates how Northern Shield Resources Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northern Shield Resources Inc (2002–2024)
The table below shows the annual net assets of Northern Shield Resources Inc from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.30 Million | -55.71% |
| 2023-12-31 | $5.20 Million | -0.08% |
| 2022-12-31 | $5.21 Million | -3.16% |
| 2021-12-31 | $5.38 Million | +7.23% |
| 2020-12-31 | $5.01 Million | +109.87% |
| 2019-12-31 | $2.39 Million | +45.74% |
| 2018-12-31 | $1.64 Million | -40.04% |
| 2017-12-31 | $2.73 Million | -21.32% |
| 2016-12-31 | $3.47 Million | +1071.77% |
| 2015-12-31 | $296.50K | -92.12% |
| 2014-12-31 | $3.76 Million | -54.36% |
| 2013-12-31 | $8.24 Million | -16.27% |
| 2012-12-31 | $9.85 Million | +49.61% |
| 2011-12-31 | $6.58 Million | +24.30% |
| 2010-12-31 | $5.29 Million | +20.33% |
| 2009-12-31 | $4.40 Million | -2.56% |
| 2008-12-31 | $4.52 Million | +64.79% |
| 2007-12-31 | $2.74 Million | -8.25% |
| 2006-12-31 | $2.99 Million | +14.00% |
| 2005-12-31 | $2.62 Million | +16.26% |
| 2004-12-31 | $2.25 Million | +100.22% |
| 2003-12-31 | $1.13 Million | +529.54% |
| 2002-12-31 | $178.79K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northern Shield Resources 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 3623224100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $33.92 Million | 1472.36% |
| Other Components | $4.74 Million | 205.82% |
| Total Equity | $2.30 Million | 100.00% |
Northern Shield Resources Inc Competitors by Market Cap
The table below lists competitors of Northern Shield Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ANGLO AM PLATINUM
MU:RPHA
|
$799.66K |
|
EBAY (EBA.SG)
STU:EBA
|
$799.83K |
|
CREF Inflation-Linked Bond Account - R2
NASDAQ:QCILPX
|
$799.95K |
|
Avidian Gold Corp
PINK:AVGDF
|
$800.04K |
|
Martina Minerals Corp
V:MTN-H
|
$799.02K |
|
Odyssey Group International Inc
PINK:ODYY
|
$798.13K |
|
China Nonferrous Gold Limited
PINK:CFEGF
|
$798.06K |
|
New Plus Knitting Public Company Limited
BK:NPK
|
$798.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern Shield Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,201,907 to 2,303,700, a change of -2,898,207 (-55.7%).
- Net loss of 3,188,000 reduced equity.
- New share issuances of 347,692 increased equity.
- Other comprehensive income decreased equity by 4,741,175.
- Other factors increased equity by 4,683,276.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.19 Million | -138.39% |
| Share Issuances | $347.69K | +15.09% |
| Other Comprehensive Income | $-4.74 Million | -205.81% |
| Other Changes | $4.68 Million | +203.29% |
| Total Change | $- | -55.71% |
Book Value vs Market Value Analysis
This analysis compares Northern Shield Resources 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: 0.24x
- 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 0.08x to 0.24x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.08 | $0.01 | x |
| 2003-12-31 | $0.24 | $0.01 | x |
| 2004-12-31 | $0.35 | $0.01 | x |
| 2005-12-31 | $0.35 | $0.01 | x |
| 2006-12-31 | $0.34 | $0.01 | x |
| 2007-12-31 | $0.27 | $0.01 | x |
| 2008-12-31 | $0.41 | $0.01 | x |
| 2009-12-31 | $0.31 | $0.01 | x |
| 2010-12-31 | $0.33 | $0.01 | x |
| 2011-12-31 | $0.34 | $0.01 | x |
| 2012-12-31 | $0.43 | $0.01 | x |
| 2013-12-31 | $0.29 | $0.01 | x |
| 2014-12-31 | $0.12 | $0.01 | x |
| 2015-12-31 | $0.01 | $0.01 | x |
| 2016-12-31 | $0.10 | $0.01 | x |
| 2017-12-31 | $0.07 | $0.01 | x |
| 2018-12-31 | $0.04 | $0.01 | x |
| 2019-12-31 | $0.05 | $0.01 | x |
| 2020-12-31 | $0.10 | $0.01 | x |
| 2021-12-31 | $0.09 | $0.01 | x |
| 2022-12-31 | $0.09 | $0.01 | x |
| 2023-12-31 | $0.07 | $0.01 | x |
| 2024-12-31 | $0.03 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern Shield Resources 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): -138.39%
- 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: 1.29x
- Recent ROE (-138.39%) is below the historical average (-93.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -12.59% | -597.61% | 0.02x | 1.02x | $-40.40K |
| 2003 | -54.55% | 0.00% | 0.00x | 1.18x | $-726.55K |
| 2004 | -14.38% | 0.00% | 0.00x | 1.08x | $-549.35K |
| 2005 | -14.12% | 0.00% | 0.00x | 1.05x | $-631.98K |
| 2006 | -54.24% | 0.00% | 0.00x | 1.05x | $-1.92 Million |
| 2007 | -65.62% | 0.00% | 0.00x | 1.07x | $-2.07 Million |
| 2008 | -20.55% | 0.00% | 0.00x | 1.08x | $-1.38 Million |
| 2009 | -36.70% | 0.00% | 0.00x | 1.04x | $-2.06 Million |
| 2010 | -19.30% | 0.00% | 0.00x | 1.05x | $-1.55 Million |
| 2011 | -20.69% | 0.00% | 0.00x | 1.13x | $-2.02 Million |
| 2012 | -16.62% | 0.00% | 0.00x | 1.05x | $-2.62 Million |
| 2013 | -52.11% | 0.00% | 0.00x | 1.10x | $-5.12 Million |
| 2014 | -119.47% | 0.00% | 0.00x | 1.09x | $-4.87 Million |
| 2015 | -1229.00% | 0.00% | 0.00x | 1.97x | $-3.67 Million |
| 2016 | -46.89% | 0.00% | 0.00x | 1.11x | $-1.98 Million |
| 2017 | -37.02% | 0.00% | 0.00x | 1.05x | $-1.29 Million |
| 2018 | -76.39% | 0.00% | 0.00x | 1.12x | $-1.42 Million |
| 2019 | -79.11% | 0.00% | 0.00x | 1.17x | $-2.13 Million |
| 2020 | -11.75% | 0.00% | 0.00x | 1.10x | $-1.09 Million |
| 2021 | -4.33% | 0.00% | 0.00x | 1.06x | $-770.60K |
| 2022 | -11.72% | 0.00% | 0.00x | 1.11x | $-1.13 Million |
| 2023 | -19.05% | 0.00% | 0.00x | 1.16x | $-1.51 Million |
| 2024 | -138.39% | 0.00% | 0.00x | 1.29x | $-3.42 Million |
Industry Comparison
This section compares Northern Shield Resources 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: $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 |
|---|---|---|---|---|
| Northern Shield Resources Inc (NSHRF) | $2.89 Million | -12.59% | 0.18x | $799.43K |
| 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 |