Northern Dynasty Minerals Ltd (NDM) - Net Assets

Latest as of September 2025: CA$60.40 Million CAD ≈ $43.69 Million USD

Based on the latest financial reports, Northern Dynasty Minerals Ltd (NDM) has net assets worth CA$60.40 Million CAD (≈ $43.69 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 (CA$127.29 Million ≈ $92.08 Million USD) and total liabilities (CA$66.90 Million ≈ $48.39 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. Also explore Northern Dynasty Minerals Ltd asset portfolio for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$60.40 Million
% of Total Assets	47.45%
Annual Growth Rate	18.88%
5-Year Change	-43.59%
10-Year Change	-37.28%
Growth Volatility	206.09

Northern Dynasty Minerals Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Northern Dynasty Minerals Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Northern Dynasty Minerals Ltd market cap and net worth.

Annual Net Assets for Northern Dynasty Minerals Ltd (2001–2024)

The table below shows the annual net assets of Northern Dynasty Minerals Ltd from 2001 to 2024. Explore Northern Dynasty Minerals Ltd (NDM) cash conversion ratio to assess how effectively this company generates cash.

Year	Net Assets	Change
2024-12-31	CA$97.20 Million ≈ $70.31 Million	-21.16%
2023-12-31	CA$123.28 Million ≈ $89.18 Million	-13.60%
2022-12-31	CA$142.69 Million ≈ $103.22 Million	-8.24%
2021-12-31	CA$155.49 Million ≈ $112.48 Million	-9.76%
2020-12-31	CA$172.31 Million ≈ $124.64 Million	+24.40%
2019-12-31	CA$138.50 Million ≈ $100.19 Million	-6.55%
2018-12-31	CA$148.21 Million ≈ $107.21 Million	+7.79%
2017-12-31	CA$137.50 Million ≈ $99.47 Million	-7.62%
2016-12-31	CA$148.85 Million ≈ $107.67 Million	-3.96%
2015-12-31	CA$154.98 Million ≈ $112.11 Million	+21.11%
2014-12-31	CA$127.96 Million ≈ $92.57 Million	-4.45%
2013-12-31	CA$133.93 Million ≈ $96.88 Million	+3.91%
2012-12-31	CA$128.89 Million ≈ $93.24 Million	-8.82%
2011-12-31	CA$141.36 Million ≈ $102.25 Million	+0.93%
2010-12-31	CA$140.06 Million ≈ $101.32 Million	-4.11%
2009-12-31	CA$146.07 Million ≈ $105.66 Million	+504.35%
2008-12-31	CA$-36.12 Million ≈ $-26.13 Million	-124.94%
2007-12-31	CA$144.86 Million ≈ $104.79 Million	-26.66%
2006-12-31	CA$197.53 Million ≈ $142.89 Million	+602.07%
2005-12-31	CA$28.14 Million ≈ $20.35 Million	+25.51%
2004-12-31	CA$22.42 Million ≈ $16.22 Million	+589.10%
2003-12-31	CA$3.25 Million ≈ $2.35 Million	+552.07%
2002-12-31	CA$498.86K ≈ $360.87K	-72.59%
2001-12-31	CA$1.82 Million ≈ $1.32 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Northern Dynasty Minerals 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 72678210600.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CA$702.75 Million	723.02%
Other Comprehensive Income	CA$127.31 Million	130.98%
Total Equity	CA$97.20 Million	100.00%

Northern Dynasty Minerals Ltd Competitors by Market Cap

The table below lists competitors of Northern Dynasty Minerals Ltd ranked by their market capitalization.

Company	Market Cap
Aktis Oncology, Inc. Common stock NASDAQ:AKTS	$983.61 Million
Swedish Logistic Property AB Series B ST:SLP-B	$983.65 Million
Dongguan Kingsun Optoelectronic Co Ltd SHE:002638	$983.82 Million
Uroica Mining Safety Eng SHE:300099	$983.91 Million
Hubei Heyuan Gas Co Ltd SHE:002971	$983.51 Million
Xiamen International Airport Co Ltd SHG:600897	$983.49 Million
Certara Inc NASDAQ:CERT	$983.48 Million
Wuhan Keqian Biology Co Ltd SHG:688526	$982.89 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Northern Dynasty Minerals Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 123,284,000 to 97,197,000, a change of -26,087,000 (-21.2%).
Net loss of 36,149,000 reduced equity.
Share repurchases of 23,000 reduced equity.
Other comprehensive income increased equity by 10,021,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$-36.15 Million	-37.19%
Share Repurchases	CA$23.00K	-0.02%
Other Comprehensive Income	CA$10.02 Million	+10.31%
Other Changes	CA$64.00K	+0.07%
Total Change	CA$-	-21.16%

Book Value vs Market Value Analysis

This analysis compares Northern Dynasty Minerals 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: 15.49x
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 11.46x to 15.49x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CA$0.24	CA$2.80	x
2002-12-31	CA$0.04	CA$2.80	x
2003-12-31	CA$0.14	CA$2.80	x
2004-12-31	CA$0.56	CA$2.80	x
2005-12-31	CA$0.50	CA$2.80	x
2006-12-31	CA$2.54	CA$2.80	x
2007-12-31	CA$1.19	CA$2.80	x
2008-12-31	CA$-0.39	CA$2.80	x
2009-12-31	CA$1.57	CA$2.80	x
2010-12-31	CA$1.49	CA$2.80	x
2011-12-31	CA$1.49	CA$2.80	x
2012-12-31	CA$1.36	CA$2.80	x
2013-12-31	CA$1.41	CA$2.80	x
2014-12-31	CA$1.35	CA$2.80	x
2015-12-31	CA$1.06	CA$2.80	x
2016-12-31	CA$0.60	CA$2.80	x
2017-12-31	CA$0.46	CA$2.80	x
2018-12-31	CA$0.47	CA$2.80	x
2019-12-31	CA$0.39	CA$2.80	x
2020-12-31	CA$0.36	CA$2.80	x
2021-12-31	CA$0.30	CA$2.80	x
2022-12-31	CA$0.27	CA$2.80	x
2023-12-31	CA$0.23	CA$2.80	x
2024-12-31	CA$0.18	CA$2.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Northern Dynasty Minerals 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): -37.19%
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: 1.41x
Recent ROE (-37.19%) is above the historical average (-91.56%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	-79.95%	0.00%	0.00x	1.42x	CA$-1.64 Million
2002	-1024.73%	0.00%	0.00x	1.37x	CA$-5.16 Million
2003	-255.12%	0.00%	0.00x	1.13x	CA$-8.62 Million
2004	-186.03%	0.00%	0.00x	1.13x	CA$-43.94 Million
2005	-178.84%	0.00%	0.00x	1.11x	CA$-53.13 Million
2006	-29.56%	0.00%	0.00x	1.35x	CA$-78.14 Million
2007	-95.15%	0.00%	0.00x	1.92x	CA$-114.94 Million
2008	0.00%	0.00%	0.00x	0.00x	CA$-146.29 Million
2009	-8.72%	0.00%	0.00x	1.03x	CA$-27.35 Million
2010	-10.08%	0.00%	0.00x	1.03x	CA$-28.12 Million
2011	-14.25%	0.00%	0.00x	1.03x	CA$-34.27 Million
2012	-12.15%	0.00%	0.00x	1.03x	CA$-28.55 Million
2013	-1.88%	0.00%	0.00x	1.06x	CA$-15.92 Million
2014	-24.50%	0.00%	0.00x	1.06x	CA$-44.14 Million
2015	-21.83%	0.00%	0.00x	1.02x	CA$-49.33 Million
2016	-18.13%	0.00%	0.00x	1.01x	CA$-41.87 Million
2017	-47.17%	0.00%	0.00x	1.47x	CA$-78.62 Million
2018	-10.77%	0.00%	0.00x	1.09x	CA$-30.78 Million
2019	-49.96%	0.00%	0.00x	1.12x	CA$-83.04 Million
2020	-37.07%	0.00%	0.00x	1.05x	CA$-81.10 Million
2021	-20.29%	0.00%	0.00x	1.02x	CA$-47.09 Million
2022	-17.13%	0.00%	0.00x	1.02x	CA$-38.71 Million
2023	-17.03%	0.00%	0.00x	1.17x	CA$-33.32 Million
2024	-37.19%	0.00%	0.00x	1.41x	CA$-45.87 Million

Industry Comparison

This section compares Northern Dynasty Minerals 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: $49,314,810
Average return on equity (ROE) among peers: -11.56%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Northern Dynasty Minerals Ltd (NDM)	CA$60.40 Million	-79.95%	1.11x	$983.51 Million
Aftermath Silver Ltd (AAG)	$-553.41K	0.00%	0.00x	$185.75 Million
Aton Resources Inc (AAN)	$-1.13 Million	0.00%	0.00x	$49.79 Million
Arbor Metals Corp (ABR)	$1.00 Million	-16.27%	0.02x	$10.75 Million
Asiabasemetals Inc (ABZ)	$717.72K	-45.73%	0.05x	$4.67 Million
Adex Mining Inc (ADE)	$-30.95 Million	0.00%	0.00x	$27.09 Million
Alphamin Res (AFM)	$367.40 Million	27.47%	0.33x	$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)	$39.75 Million	-36.45%	3.85x	$4.73 Billion
Aldebaran Resources Inc (ALDE)	$64.54 Million	-3.09%	0.01x	$332.39 Million

About Northern Dynasty Minerals Ltd

TO:NDM Canada Other Industrial Metals & Mining

Market Cap

$1.12 Billion

CA$1.55 Billion CAD

Market Cap Rank

#9179 Global

#267 in Canada

Share Price

CA$2.80

Change (1 day)

-2.10%

52-Week Range

CA$1.04 - CA$3.89

All Time High

CA$4.41