Northgold AB
Northgold AB (publ) operates as a gold exploration and development company in Sweden. Its flagship project is the Kopsa gold and copper project located in the Middle Ostrobothnia Gold Belt of Central Finland. The company also holds interest in the Kiimala trend and Hirsikangas project located in the Middle Ostrobothnia Gold Belt of Central Finland. Northgold AB (publ) was incorporated in 2020 and… Read more
Northgold AB (NG) - Net Assets
Latest net assets as of March 2025: Skr32.39 Million SEK
Based on the latest financial reports, Northgold AB (NG) has net assets worth Skr32.39 Million SEK as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr35.60 Million) and total liabilities (Skr3.21 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 | Skr32.39 Million |
| % of Total Assets | 91.0% |
| Annual Growth Rate | -14.94% |
| 5-Year Change | 110969.37% |
| 10-Year Change | N/A |
| Growth Volatility | 7899.73 |
Northgold AB - Net Assets Trend (2016–2024)
This chart illustrates how Northgold AB's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northgold AB (2016–2024)
The table below shows the annual net assets of Northgold AB from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr49.38 Million | +0.54% |
| 2023-12-31 | Skr49.11 Million | +47.53% |
| 2022-12-31 | Skr33.29 Million | +211.87% |
| 2021-12-31 | Skr10.67 Million | +23911.31% |
| 2020-12-31 | Skr44.46K | -99.98% |
| 2019-12-31 | Skr222.50 Million | +2.23% |
| 2018-12-31 | Skr217.65 Million | +5.15% |
| 2017-12-31 | Skr206.98 Million | +14.88% |
| 2016-12-31 | Skr180.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northgold AB'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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Skr49.38 Million | 100.00% |
| Total Equity | Skr49.38 Million | 100.00% |
Northgold AB Competitors by Market Cap
The table below lists competitors of Northgold AB ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Next Mediaworks Limited
NSE:NEXTMEDIA
|
$764.48K |
|
Future Supply Chain Solutions Limited
NSE:FSC
|
$764.81K |
|
Trinity Bank National Assocation
PINK:TYBT
|
$765.09K |
|
DTCOM - Direct to Company S.A
SA:DTCY3
|
$765.33K |
|
Omkar Speciality Chemicals Limited
NSE:OMKARCHEM
|
$764.06K |
|
Sileon AB
ST:SILEON
|
$763.64K |
|
ORUM
KQ:475830
|
$763.59K |
|
Trucept Inc
PINK:TREP
|
$762.94K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northgold AB's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 49,113,355 to 49,377,000, a change of 263,645 (0.5%).
- Net loss of 10,143,000 reduced equity.
- New share issuances of 13,498,678 increased equity.
- Other comprehensive income increased equity by 28,472,103.
- Other factors decreased equity by 31,564,136.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-10.14 Million | -20.54% |
| Share Issuances | Skr13.50 Million | +27.34% |
| Other Comprehensive Income | Skr28.47 Million | +57.66% |
| Other Changes | Skr-31.56 Million | -63.92% |
| Total Change | Skr- | 0.54% |
Book Value vs Market Value Analysis
This analysis compares Northgold AB'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: 0.12x
- 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 |
|---|---|---|---|
| 2016-12-31 | Skr19.97 | Skr0.56 | x |
| 2017-12-31 | Skr22.94 | Skr0.56 | x |
| 2018-12-31 | Skr24.12 | Skr0.56 | x |
| 2019-12-31 | Skr24.66 | Skr0.56 | x |
| 2020-12-31 | Skr0.00 | Skr0.56 | x |
| 2021-12-31 | Skr1.02 | Skr0.56 | x |
| 2022-12-31 | Skr3.12 | Skr0.56 | x |
| 2023-12-31 | Skr4.10 | Skr0.56 | x |
| 2024-12-31 | Skr4.62 | Skr0.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northgold AB 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): -20.54%
- 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: 1.14x
- Recent ROE (-20.54%) is below the historical average (-8.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 19.41% | 5.65% | 2.33x | 1.47x | Skr16.95 Million |
| 2017 | 20.87% | 6.33% | 2.01x | 1.64x | Skr22.50 Million |
| 2018 | 13.09% | 4.56% | 1.89x | 1.52x | Skr6.73 Million |
| 2019 | 6.15% | 2.49% | 1.68x | 1.47x | Skr-8.57 Million |
| 2020 | -12.47% | 0.00% | 8454.31x | 1.15x | Skr-9.99K |
| 2021 | -42.18% | -0.91% | 37.06x | 1.25x | Skr-5.57 Million |
| 2022 | -37.33% | -2.18% | 15.14x | 1.13x | Skr-15.76 Million |
| 2023 | -23.35% | 0.00% | 0.00x | 1.17x | Skr-16.38 Million |
| 2024 | -20.54% | 0.00% | 0.00x | 1.14x | Skr-15.08 Million |
Industry Comparison
This section compares Northgold AB's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $-12,296,384
- Average return on equity (ROE) among peers: -16.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northgold AB (NG) | Skr32.39 Million | 19.41% | 0.10x | $764.19K |
| Auriant Mining AB (publ) (AUR) | $-26.24 Million | 0.00% | 0.00x | $1.30 Million |
| Botnia Gold AB (publ) (BOTX) | $1.64 Million | -32.93% | 0.14x | $23.28 Million |