Northern Sphere Mining Corp
Northern Sphere Mining Corp., a mineral exploration company, focuses on the acquisition, exploration, and development of precious and base metal projects. The company was formerly known as Argentium Resources Inc. and changed its name to Northern Sphere Mining Corp. in August 2015. Northern Sphere Mining Corp. is headquartered in Toronto, Canada.
Northern Sphere Mining Corp (NSMCF) - Net Assets
Latest net assets as of September 2018: $-81.56K USD
Based on the latest financial reports, Northern Sphere Mining Corp (NSMCF) has net assets worth $-81.56K USD as of September 2018.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($344.53K) and total liabilities ($426.09K). 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 | $-81.56K |
| % of Total Assets | -23.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | -464.32% |
| 10-Year Change | N/A |
| Growth Volatility | 154.34 |
Northern Sphere Mining Corp - Net Assets Trend (2009–2017)
This chart illustrates how Northern Sphere 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 Northern Sphere Mining Corp (2009–2017)
The table below shows the annual net assets of Northern Sphere Mining Corp from 2009 to 2017.
| Year | Net Assets | Change |
|---|---|---|
| 2017-12-31 | $-1.67 Million | -11.16% |
| 2016-12-31 | $-1.50 Million | -270.60% |
| 2015-12-31 | $-404.28K | +66.74% |
| 2014-12-31 | $-1.22 Million | -365.89% |
| 2013-12-31 | $457.16K | -37.45% |
| 2012-12-31 | $730.89K | -39.53% |
| 2011-12-31 | $1.21 Million | +7864.35% |
| 2010-12-31 | $-15.57K | +89.08% |
| 2009-12-31 | $-142.59K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northern Sphere 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 1260234100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2017)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $9.83 Million | % |
| Other Comprehensive Income | $609.26K | % |
| Other Components | $1.14 Million | % |
| Total Equity | $-1.67 Million | 100.00% |
Northern Sphere Mining Corp Competitors by Market Cap
The table below lists competitors of Northern Sphere Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SILVER GRAIL RES
BE:KD7
|
$2.42K |
|
Namyeung Vivien Corp.
KQ:002070
|
$2.42K |
|
Softlogic Life Insurance PLC
CM:AAICN0000
|
$2.42K |
|
Rhino Biotech Limited
PINK:RBRXF
|
$2.43K |
|
Atlantis Resources Ltd
LSE:SAE
|
$2.42K |
|
Creightons Plc
LSE:CRL
|
$2.42K |
|
Iargento Hi Tech Assets Limited Partnership
TA:IARG
|
$2.42K |
|
SOUTH BOULDER MINES
MU:SO3
|
$2.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern Sphere Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2016 to 2017, total equity changed from -1,498,284 to -1,665,527, a change of -167,243.
- Net loss of 3,996,000 reduced equity.
- Share repurchases of 2,632,235 reduced equity.
- Other comprehensive income increased equity by 25,751.
- Other factors increased equity by 6,435,241.
Equity Change Factors (2016 to 2017)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.00 Million | -239.92% |
| Share Repurchases | $2.63 Million | -158.04% |
| Other Comprehensive Income | $25.75K | +1.55% |
| Other Changes | $6.44 Million | +386.38% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Northern Sphere 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $-1.12 | $0.00 | x |
| 2010-12-31 | $-0.07 | $0.00 | x |
| 2011-12-31 | $0.55 | $0.00 | x |
| 2012-12-31 | $0.32 | $0.00 | x |
| 2013-12-31 | $0.20 | $0.00 | x |
| 2014-12-31 | $-0.52 | $0.00 | x |
| 2015-12-31 | $-0.12 | $0.00 | x |
| 2016-12-31 | $-0.11 | $0.00 | x |
| 2017-12-31 | $-0.06 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern Sphere 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -114367.49%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-46.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | $-86.74K |
| 2010 | 0.00% | -215.56% | 0.42x | 0.00x | $-192.44K |
| 2011 | -202.22% | 0.00% | 0.00x | 2.68x | $-2.56 Million |
| 2012 | -152.28% | 0.00% | 0.00x | 4.17x | $-1.19 Million |
| 2013 | -59.94% | 0.00% | 0.00x | 6.64x | $-319.72K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.55 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | $73.30K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-3.22 Million |
| 2017 | 0.00% | -114367.49% | 0.01x | 0.00x | $-3.83 Million |
Industry Comparison
This section compares Northern Sphere 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 |
|---|---|---|---|---|
| Northern Sphere Mining Corp (NSMCF) | $-81.56K | 0.00% | N/A | $2.42K |
| 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 |