Northcliff Resources Ltd (NCF) - Net Assets
Based on the latest financial reports, Northcliff Resources Ltd (NCF) has net assets worth CA$28.98 Million CAD (≈ $20.96 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$34.21 Million ≈ $24.75 Million USD) and total liabilities (CA$5.23 Million ≈ $3.78 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 Northcliff Resources Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$28.98 Million |
| % of Total Assets | 84.71% |
| Annual Growth Rate | 10.65% |
| 5-Year Change | 12.33% |
| 10-Year Change | 25.33% |
| Growth Volatility | 63.17 |
Northcliff Resources Ltd - Net Assets Trend (2010–2025)
This chart illustrates how Northcliff Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore NCF current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Northcliff Resources Ltd (2010–2025)
The table below shows the annual net assets of Northcliff Resources Ltd from 2010 to 2025. For live valuation and market cap data, see NCF market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | CA$28.98 Million ≈ $20.96 Million |
+0.30% |
| 2024-10-31 | CA$28.89 Million ≈ $20.90 Million |
+0.91% |
| 2023-10-31 | CA$28.63 Million ≈ $20.71 Million |
+10.70% |
| 2022-10-31 | CA$25.86 Million ≈ $18.71 Million |
+0.26% |
| 2021-10-31 | CA$25.80 Million ≈ $18.66 Million |
-4.48% |
| 2020-10-31 | CA$27.01 Million ≈ $19.54 Million |
+0.25% |
| 2019-10-31 | CA$26.94 Million ≈ $19.49 Million |
-4.07% |
| 2018-10-31 | CA$28.08 Million ≈ $20.31 Million |
-3.51% |
| 2017-10-31 | CA$29.10 Million ≈ $21.05 Million |
+25.87% |
| 2016-10-31 | CA$23.12 Million ≈ $16.73 Million |
-4.43% |
| 2015-10-31 | CA$24.19 Million ≈ $17.50 Million |
+3.23% |
| 2014-10-31 | CA$23.44 Million ≈ $16.95 Million |
+30.30% |
| 2013-10-31 | CA$17.99 Million ≈ $13.01 Million |
+1.04% |
| 2012-10-31 | CA$17.80 Million ≈ $12.88 Million |
-20.24% |
| 2011-10-31 | CA$22.32 Million ≈ $16.15 Million |
+251.34% |
| 2010-10-31 | CA$6.35 Million ≈ $4.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Northcliff Resources Ltd'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 4810459300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$68.94 Million | 273.27% |
| Other Comprehensive Income | CA$4.99 Million | 19.77% |
| Total Equity | CA$25.23 Million | 100.00% |
Northcliff Resources Ltd Competitors by Market Cap
The table below lists competitors of Northcliff Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Compania Espanola de Viviendas en Alquiler SA
MC:CEV
|
$177.17 Million |
|
Amogreentech Co.Ltd
KQ:125210
|
$177.31 Million |
|
Eagle Bancorp Montana Inc
NASDAQ:EBMT
|
$177.31 Million |
|
Ascom Holding AG
SW:ASCN
|
$177.44 Million |
|
BLE KEDROS REIC EO 1
F:N67
|
$177.01 Million |
|
Jih Lin Technology Co Ltd
TW:5285
|
$176.82 Million |
|
Selvita S.A.
WAR:SLV
|
$176.81 Million |
|
Achieve Life Sciences Inc
NASDAQ:ACHV
|
$176.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northcliff Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 25,060,724 to 25,226,814, a change of 166,090 (0.7%).
- Net loss of 1,340,742 reduced equity.
- Share repurchases of 1,209,110 reduced equity.
- New share issuances of 1,190,528 increased equity.
- Other comprehensive income increased equity by 284,794.
- Other factors increased equity by 1,240,620.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.34 Million | -5.31% |
| Share Repurchases | CA$1.21 Million | -4.79% |
| Share Issuances | CA$1.19 Million | +4.72% |
| Other Comprehensive Income | CA$284.79K | +1.13% |
| Other Changes | CA$1.24 Million | +4.92% |
| Total Change | CA$- | 0.66% |
Book Value vs Market Value Analysis
This analysis compares Northcliff Resources Ltd'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: 9.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.05x to 9.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-10-31 | CA$7.56 | CA$0.39 | x |
| 2011-10-31 | CA$0.51 | CA$0.39 | x |
| 2012-10-31 | CA$0.27 | CA$0.39 | x |
| 2013-10-31 | CA$0.21 | CA$0.39 | x |
| 2014-10-31 | CA$0.23 | CA$0.39 | x |
| 2015-10-31 | CA$0.22 | CA$0.39 | x |
| 2016-10-31 | CA$0.19 | CA$0.39 | x |
| 2017-10-31 | CA$0.17 | CA$0.39 | x |
| 2018-10-31 | CA$0.15 | CA$0.39 | x |
| 2019-10-31 | CA$0.14 | CA$0.39 | x |
| 2020-10-31 | CA$0.13 | CA$0.39 | x |
| 2021-10-31 | CA$0.12 | CA$0.39 | x |
| 2022-10-31 | CA$0.11 | CA$0.39 | x |
| 2023-10-31 | CA$0.10 | CA$0.39 | x |
| 2024-10-31 | CA$0.04 | CA$0.39 | x |
| 2025-10-31 | CA$0.04 | CA$0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northcliff Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.36x
- Recent ROE (-5.31%) is above the historical average (-18.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 2.55% | 0.00% | 0.00x | 1.89x | CA$-473.43K |
| 2011 | -58.07% | 0.00% | 0.00x | 1.08x | CA$-15.19 Million |
| 2012 | -80.00% | 0.00% | 0.00x | 1.08x | CA$-16.02 Million |
| 2013 | -64.83% | 0.00% | 0.00x | 1.18x | CA$-12.21 Million |
| 2014 | -17.62% | 0.00% | 0.00x | 1.27x | CA$-5.81 Million |
| 2015 | -9.97% | 0.00% | 0.00x | 1.15x | CA$-4.29 Million |
| 2016 | -6.96% | 0.00% | 0.00x | 1.21x | CA$-3.46 Million |
| 2017 | -5.66% | 0.00% | 0.00x | 1.12x | CA$-4.09 Million |
| 2018 | -5.57% | 0.00% | 0.00x | 1.13x | CA$-3.91 Million |
| 2019 | -5.69% | 0.00% | 0.00x | 1.15x | CA$-3.75 Million |
| 2020 | -4.54% | 0.00% | 0.00x | 1.18x | CA$-3.47 Million |
| 2021 | -5.59% | 0.00% | 0.00x | 1.25x | CA$-3.53 Million |
| 2022 | -8.43% | 0.00% | 0.00x | 1.45x | CA$-4.11 Million |
| 2023 | -10.73% | 0.00% | 0.00x | 1.26x | CA$-5.11 Million |
| 2024 | -8.36% | 0.00% | 0.00x | 1.22x | CA$-4.60 Million |
| 2025 | -5.31% | 0.00% | 0.00x | 1.36x | CA$-3.86 Million |
Industry Comparison
This section compares Northcliff Resources Ltd'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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northcliff Resources Ltd (NCF) | CA$28.98 Million | 2.55% | 0.18x | $177.10 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Northcliff Resources Ltd
Northcliff Resources Ltd., together with its subsidiaries, operates as a mineral exploration company in Canada. It owns 88.5% interest in the Sisson Tungsten-Molybdenum project covering an area of 14,140 hectares located in New Brunswick, Canada. The company was formerly known as Cabre Capital Corp. and changed its name to Northcliff Resources Ltd. in June 2011. Northcliff Resources Ltd. was inco… Read more