NextSource Materials Inc (NEXT) - Net Assets
Based on the latest financial reports, NextSource Materials Inc (NEXT) has net assets worth CA$23.03 Million CAD (≈ $16.66 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$81.07 Million ≈ $58.64 Million USD) and total liabilities (CA$58.04 Million ≈ $41.98 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 NEXT asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$23.03 Million |
| % of Total Assets | 28.41% |
| Annual Growth Rate | 44.24% |
| 5-Year Change | N/A |
| 10-Year Change | 70204.27% |
| Growth Volatility | 998.55 |
NextSource Materials Inc - Net Assets Trend (2005–2025)
This chart illustrates how NextSource Materials Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of NextSource Materials Inc for the complete picture of this company's asset base.
Annual Net Assets for NextSource Materials Inc (2005–2025)
The table below shows the annual net assets of NextSource Materials Inc from 2005 to 2025. For live valuation and market cap data, see NextSource Materials Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | CA$40.99 Million ≈ $29.65 Million |
-21.64% |
| 2024-06-30 | CA$52.30 Million ≈ $37.84 Million |
+107.54% |
| 2023-06-30 | CA$25.20 Million ≈ $18.23 Million |
+922.42% |
| 2022-06-30 | CA$-3.06 Million ≈ $-2.22 Million |
+88.28% |
| 2021-06-30 | CA$-26.15 Million ≈ $-18.91 Million |
-2771.28% |
| 2020-06-30 | CA$-910.62K ≈ $-658.73K |
-36.75% |
| 2019-06-30 | CA$-665.89K ≈ $-481.69K |
-433.27% |
| 2018-06-30 | CA$-124.87K ≈ $-90.33K |
-107.52% |
| 2017-06-30 | CA$1.66 Million ≈ $1.20 Million |
+2749.14% |
| 2016-06-30 | CA$58.30K ≈ $42.17K |
+114.32% |
| 2015-06-30 | CA$-407.26K ≈ $-294.60K |
+76.21% |
| 2014-06-30 | CA$-1.71 Million ≈ $-1.24 Million |
-510.19% |
| 2013-06-30 | CA$417.31K ≈ $301.87K |
-83.95% |
| 2012-06-30 | CA$2.60 Million ≈ $1.88 Million |
-78.44% |
| 2011-06-30 | CA$12.06 Million ≈ $8.72 Million |
+392.20% |
| 2010-06-30 | CA$2.45 Million ≈ $1.77 Million |
-22.80% |
| 2009-06-30 | CA$3.17 Million ≈ $2.30 Million |
-38.22% |
| 2008-06-30 | CA$5.14 Million ≈ $3.72 Million |
-54.53% |
| 2007-06-30 | CA$11.30 Million ≈ $8.17 Million |
+2289.94% |
| 2006-06-30 | CA$472.69K ≈ $341.93K |
+1653.35% |
| 2005-06-30 | CA$26.96K ≈ $19.50K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to NextSource Materials Inc'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 23834105900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$295.32 Million | 528.06% |
| Other Comprehensive Income | CA$-1.01 Million | -1.80% |
| Total Equity | CA$55.93 Million | 100.00% |
NextSource Materials Inc Competitors by Market Cap
The table below lists competitors of NextSource Materials Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chung Fu Tex-International Corp
TW:1435
|
$56.59 Million |
|
NFON AG
XETRA:NFN
|
$56.61 Million |
|
Chain Chon Industrial Co Ltd
TWO:5014
|
$56.64 Million |
|
Osmond Resources Ltd
AU:OSM
|
$56.64 Million |
|
DIVA Laboratories Ltd
TWO:4153
|
$56.56 Million |
|
General Commercial & Industrial S.A
AT:GEBKA
|
$56.54 Million |
|
Hannan Metals Ltd
V:HAN
|
$56.53 Million |
|
Schnapp
TA:SHNP
|
$56.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NextSource Materials Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,303,004 to 55,926,337, a change of 3,623,333 (6.9%).
- Net loss of 32,440,306 reduced equity.
- Share repurchases of 11,330,310 reduced equity.
- Other comprehensive income increased equity by 262,701.
- Other factors increased equity by 47,131,248.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-32.44 Million | -58.01% |
| Share Repurchases | CA$11.33 Million | -20.26% |
| Other Comprehensive Income | CA$262.70K | +0.47% |
| Other Changes | CA$47.13 Million | +84.27% |
| Total Change | CA$- | 6.93% |
Book Value vs Market Value Analysis
This analysis compares NextSource Materials Inc'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: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.76x to 1.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | CA$0.05 | CA$0.32 | x |
| 2006-06-30 | CA$0.24 | CA$0.32 | x |
| 2007-06-30 | CA$2.33 | CA$0.32 | x |
| 2008-06-30 | CA$0.74 | CA$0.32 | x |
| 2009-06-30 | CA$0.43 | CA$0.32 | x |
| 2010-06-30 | CA$0.26 | CA$0.32 | x |
| 2011-06-30 | CA$0.95 | CA$0.32 | x |
| 2012-06-30 | CA$0.17 | CA$0.32 | x |
| 2013-06-30 | CA$0.03 | CA$0.32 | x |
| 2014-06-30 | CA$-0.08 | CA$0.32 | x |
| 2015-06-30 | CA$-0.01 | CA$0.32 | x |
| 2016-06-30 | CA$0.00 | CA$0.32 | x |
| 2017-06-30 | CA$0.04 | CA$0.32 | x |
| 2018-06-30 | CA$0.00 | CA$0.32 | x |
| 2019-06-30 | CA$-0.01 | CA$0.32 | x |
| 2020-06-30 | CA$-0.02 | CA$0.32 | x |
| 2021-06-30 | CA$-0.39 | CA$0.32 | x |
| 2022-06-30 | CA$-0.03 | CA$0.32 | x |
| 2023-06-30 | CA$0.21 | CA$0.32 | x |
| 2024-06-30 | CA$0.34 | CA$0.32 | x |
| 2025-06-30 | CA$0.32 | CA$0.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NextSource Materials Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -58.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4538.14%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.51x
- Recent ROE (-58.01%) is above the historical average (-413.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -142.81% | 0.00% | 0.00x | 1.20x | CA$-41.20K |
| 2006 | -2029.89% | 0.00% | 0.00x | 1.19x | CA$-9.64 Million |
| 2007 | -127.38% | 0.00% | 0.00x | 1.18x | CA$-15.52 Million |
| 2008 | -179.13% | 0.00% | 0.00x | 1.15x | CA$-9.72 Million |
| 2009 | -102.56% | 0.00% | 0.00x | 1.05x | CA$-3.57 Million |
| 2010 | -437.07% | 0.00% | 0.00x | 1.17x | CA$-10.95 Million |
| 2011 | -40.42% | 0.00% | 0.00x | 1.06x | CA$-6.08 Million |
| 2012 | -583.63% | 0.00% | 0.00x | 1.63x | CA$-15.44 Million |
| 2013 | -1874.88% | 0.00% | 0.00x | 2.92x | CA$-7.87 Million |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-11.01 Million |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-6.03 Million |
| 2016 | -2802.79% | 0.00% | 0.00x | 10.16x | CA$-1.64 Million |
| 2017 | -240.76% | 0.00% | 0.00x | 1.25x | CA$-4.17 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.77 Million |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-2.99 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-886.57K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-39.35 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$16.43 Million |
| 2023 | -46.34% | 0.00% | 0.00x | 2.10x | CA$-14.20 Million |
| 2024 | -17.21% | 0.00% | 0.00x | 1.78x | CA$-14.23 Million |
| 2025 | -58.01% | -4538.14% | 0.01x | 1.51x | CA$-38.03 Million |
Industry Comparison
This section compares NextSource Materials Inc'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 |
|---|---|---|---|---|
| NextSource Materials Inc (NEXT) | CA$23.03 Million | -142.81% | 2.52x | $56.58 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 NextSource Materials Inc
NextSource Materials Inc. explores for, develops, and evaluates mineral properties in Madagascar and Canada. It operates through Mine Development and Battery Anode Facilities (BAF) Development segments. The company explores for graphite and vanadium deposits. It holds interests in the Molo graphite mine located in the Province of Toliara in Southern Madagascar; the Green Giant Vanadium Project lo… Read more