Nordic Iron Ore (NIO) - Net Assets
Based on the latest financial reports, Nordic Iron Ore (NIO) has net assets worth Skr258.38 Million SEK (≈ $27.81 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 (Skr275.55 Million ≈ $29.65 Million USD) and total liabilities (Skr17.16 Million ≈ $1.85 Million 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 Nordic Iron Ore tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr258.38 Million |
| % of Total Assets | 93.77% |
| Annual Growth Rate | 22.39% |
| 5-Year Change | 77.99% |
| 10-Year Change | 156.13% |
| Growth Volatility | 19983.4 |
Nordic Iron Ore - Net Assets Trend (2010–2024)
This chart illustrates how Nordic Iron Ore's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Nordic Iron Ore to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nordic Iron Ore (2010–2024)
The table below shows the annual net assets of Nordic Iron Ore from 2010 to 2024. For live valuation and market cap data, see NIO market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr273.64 Million ≈ $29.45 Million |
+107.09% |
| 2023-12-31 | Skr132.13 Million ≈ $14.22 Million |
-8.92% |
| 2022-12-31 | Skr145.07 Million ≈ $15.61 Million |
-6.73% |
| 2021-12-31 | Skr155.54 Million ≈ $16.74 Million |
+1.17% |
| 2020-12-31 | Skr153.75 Million ≈ $16.55 Million |
+4.00% |
| 2019-12-31 | Skr147.83 Million ≈ $15.91 Million |
+8.18% |
| 2018-12-31 | Skr136.65 Million ≈ $14.71 Million |
+28.62% |
| 2017-12-31 | Skr106.25 Million ≈ $11.43 Million |
+8.31% |
| 2016-12-31 | Skr98.10 Million ≈ $10.56 Million |
-8.18% |
| 2015-12-31 | Skr106.84 Million ≈ $11.50 Million |
+7.98% |
| 2014-12-31 | Skr98.94 Million ≈ $10.65 Million |
+79.52% |
| 2013-12-31 | Skr55.11 Million ≈ $5.93 Million |
+77609.31% |
| 2012-12-31 | Skr70.92K ≈ $7.63K |
-99.76% |
| 2011-12-31 | Skr30.15 Million ≈ $3.24 Million |
+86.49% |
| 2010-12-31 | Skr16.16 Million ≈ $1.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nordic Iron Ore'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 4373.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Skr117.78 Million | 43.04% |
| Other Components | Skr327.62 Million | 119.72% |
| Total Equity | Skr273.64 Million | 100.00% |
Nordic Iron Ore Competitors by Market Cap
The table below lists competitors of Nordic Iron Ore ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Groupe Canal Plus
LSE:CAN
|
$31.38 Million |
|
Axe Compute Inc.
NASDAQ:AGPU
|
$31.41 Million |
|
Union Petrochemical Public Company Limited
BK:UKEM
|
$31.42 Million |
|
Zedge Inc
NYSE MKT:ZDGE
|
$31.42 Million |
|
Micro Digital Co. Ltd
KQ:305090
|
$31.35 Million |
|
Maquia Capital Acquisition Corp
NASDAQ:MAQC
|
$31.33 Million |
|
Dominant Enterprise Bhd
KLSE:7169
|
$31.32 Million |
|
The Australian Wealth Advisors Group Ltd
AU:WAG
|
$31.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nordic Iron Ore's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 132,135,000 to 273,644,000, a change of 141,509,000 (107.1%).
- Net loss of 15,196,000 reduced equity.
- Share repurchases of 126,298,000 reduced equity.
- New share issuances of 126,298,000 increased equity.
- Other factors increased equity by 156,705,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr-15.20 Million | -5.55% |
| Share Repurchases | Skr126.30 Million | -46.15% |
| Share Issuances | Skr126.30 Million | +46.15% |
| Other Changes | Skr156.71 Million | +57.27% |
| Total Change | Skr- | 107.09% |
Book Value vs Market Value Analysis
This analysis compares Nordic Iron Ore'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: 0.83x
- 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 decreased from 2.23x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | Skr1.92 | Skr4.29 | x |
| 2011-12-31 | Skr3.67 | Skr4.29 | x |
| 2012-12-31 | Skr0.01 | Skr4.29 | x |
| 2013-12-31 | Skr47.95 | Skr4.29 | x |
| 2014-12-31 | Skr82.47 | Skr4.29 | x |
| 2015-12-31 | Skr64.90 | Skr4.29 | x |
| 2016-12-31 | Skr4.56 | Skr4.29 | x |
| 2017-12-31 | Skr4.94 | Skr4.29 | x |
| 2018-12-31 | Skr8.27 | Skr4.29 | x |
| 2019-12-31 | Skr7.32 | Skr4.29 | x |
| 2020-12-31 | Skr4.97 | Skr4.29 | x |
| 2021-12-31 | Skr4.52 | Skr4.29 | x |
| 2022-12-31 | Skr3.91 | Skr4.29 | x |
| 2023-12-31 | Skr3.56 | Skr4.29 | x |
| 2024-12-31 | Skr5.19 | Skr4.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nordic Iron Ore 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): -5.55%
- 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: 1.03x
- Recent ROE (-5.55%) is above the historical average (-2067.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -8.56% | 0.00% | 0.00x | 1.13x | Skr-3.00 Million |
| 2011 | -24.60% | 0.00% | 0.00x | 1.20x | Skr-10.43 Million |
| 2012 | -30847.89% | 0.00% | 0.00x | 1.14x | Skr-21.89 Million |
| 2013 | -28.69% | 0.00% | 0.00x | 1.48x | Skr-21.32 Million |
| 2014 | -22.77% | 0.00% | 0.00x | 1.23x | Skr-32.43 Million |
| 2015 | -12.08% | 0.00% | 0.00x | 1.15x | Skr-23.59 Million |
| 2016 | -8.90% | 0.00% | 0.00x | 1.17x | Skr-18.54 Million |
| 2017 | -8.59% | 0.00% | 0.00x | 1.18x | Skr-19.75 Million |
| 2018 | -7.44% | 0.00% | 0.00x | 1.08x | Skr-23.83 Million |
| 2019 | -9.14% | 0.00% | 0.00x | 1.13x | Skr-28.30 Million |
| 2020 | -6.33% | -973600.00% | 0.00x | 1.07x | Skr-25.11 Million |
| 2021 | -5.68% | 0.00% | 0.00x | 1.07x | Skr-24.39 Million |
| 2022 | -7.22% | 0.00% | 0.00x | 1.17x | Skr-24.98 Million |
| 2023 | -9.79% | 0.00% | 0.00x | 1.29x | Skr-26.15 Million |
| 2024 | -5.55% | 0.00% | 0.00x | 1.03x | Skr-42.56 Million |
Industry Comparison
This section compares Nordic Iron Ore'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: $6,172,743,070
- Average return on equity (ROE) among peers: -3.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nordic Iron Ore (NIO) | Skr258.38 Million | -8.56% | 0.07x | $31.35 Million |
| Arctic Gold Publ AB (ARCT) | $2.35 Million | 0.00% | 0.03x | $25.70 Million |
| Beowulf Mining PLC (BEO-SDB) | $15.62 Million | -18.33% | 0.03x | $6.25 Million |
| Boliden AB (BOL) | $23.07 Billion | 5.59% | 0.81x | $17.39 Billion |
| Gruvaktiebolaget Viscaria (VISC) | $1.60 Billion | -3.02% | 0.11x | $417.42 Million |
About Nordic Iron Ore
Nordic Iron Ore AB (publ) engages in the exploration, development, and mining of iron ore deposits in Västerbergslagen, Sweden. The company's products include ore concentrates, sinters, pellets, and lump ores. It also explores for apatite, lanthanum, gold, and copper deposits. Its exploitation concessions include Blötbergsgruvan K Nr. 1, Blötbergsgruvan K Nr. 2, Håksbergsgruvan K Nr. 1, and Södra… Read more