Northgold AB (NG) - Net Assets

Latest as of March 2025: Skr32.39 Million SEK ≈ $3.49 Million USD

Based on the latest financial reports, Northgold AB (NG) has net assets worth Skr32.39 Million SEK (≈ $3.49 Million USD) 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 ≈ $3.83 Million USD) and total liabilities (Skr3.21 Million ≈ $344.91K USD). 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. Check Northgold AB (NG) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore NG asset base for the complete picture of this company's asset base.

Annual Net Assets for Northgold AB (2016–2024)

The table below shows the annual net assets of Northgold AB from 2016 to 2024. For live valuation and market cap data, see market cap of Northgold AB.

Year	Net Assets	Change
2024-12-31	Skr49.38 Million ≈ $5.31 Million	+0.54%
2023-12-31	Skr49.11 Million ≈ $5.29 Million	+47.53%
2022-12-31	Skr33.29 Million ≈ $3.58 Million	+211.87%
2021-12-31	Skr10.67 Million ≈ $1.15 Million	+23911.31%
2020-12-31	Skr44.46K ≈ $4.78K	-99.98%
2019-12-31	Skr222.50 Million ≈ $23.94 Million	+2.23%
2018-12-31	Skr217.65 Million ≈ $23.42 Million	+5.15%
2017-12-31	Skr206.98 Million ≈ $22.27 Million	+14.88%
2016-12-31	Skr180.16 Million ≈ $19.39 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
Advent Technologies Holdings Inc NASDAQ:ADN	$1.38 Million
elexxion AG XETRA:E8X	$1.39 Million
Smart Agro LP TA:SMAG	$1.39 Million
Tali Digital Ltd AU:TD1	$1.39 Million
Assetowl Ltd AU:AO1	$1.38 Million
Hargreave Hale Aim Vct PLC LSE:HHV	$1.37 Million
Tasfoods Ltd AU:TFL	$1.37 Million
Greenlite Ventures Inc. NASDAQ:GRNLD	$1.37 Million

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: $210,823,000
Average return on equity (ROE) among peers: 23.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Northgold AB (NG)	Skr32.39 Million	19.41%	0.10x	$1.38 Million
Botnia Gold AB (publ) (BOTX)	$210.82 Million	23.22%	0.24x	$53.57 Million

About Northgold AB

ST:NG Sweden Gold

Market Cap

$1.38 Million

Skr12.83 Million SEK

Market Cap Rank

#30009 Global

#706 in Sweden

Share Price

Skr0.56

Change (1 day)

+5.64%

52-Week Range

Skr0.50 - Skr0.82

All Time High

Skr70.20