Canadian North Resources Inc. (CNRI) - Net Assets
Based on the latest financial reports, Canadian North Resources Inc. (CNRI) has net assets worth CA$42.63 Million CAD (≈ $30.83 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$45.93 Million ≈ $33.22 Million USD) and total liabilities (CA$3.30 Million ≈ $2.39 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. Check CNRI tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$42.63 Million |
| % of Total Assets | 92.81% |
| Annual Growth Rate | 75.09% |
| 5-Year Change | 85.0% |
| 10-Year Change | N/A |
| Growth Volatility | 308.82 |
Canadian North Resources Inc. - Net Assets Trend (2020–2025)
This chart illustrates how Canadian North Resources Inc.'s net assets have evolved over time, based on quarterly financial data. See Canadian North Resources Inc. (CNRI) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Canadian North Resources Inc. (2020–2025)
The table below shows the annual net assets of Canadian North Resources Inc. from 2020 to 2025. For live valuation and market cap data, see how much is Canadian North Resources Inc. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$42.63 Million ≈ $30.83 Million |
-1.68% |
| 2024-12-31 | CA$43.36 Million ≈ $31.36 Million |
-3.66% |
| 2023-12-31 | CA$45.00 Million ≈ $32.55 Million |
+44.54% |
| 2022-12-31 | CA$31.13 Million ≈ $22.52 Million |
+35.12% |
| 2021-12-31 | CA$23.04 Million ≈ $16.67 Million |
+789.14% |
| 2020-12-31 | CA$2.59 Million ≈ $1.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Canadian North Resources 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 1433978200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$57.98 Million | 136.02% |
| Total Equity | CA$42.63 Million | 100.00% |
Canadian North Resources Inc. Competitors by Market Cap
The table below lists competitors of Canadian North Resources Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
J and Friends Holdings Limited
NASDAQ:JF
|
$17.79 Million |
|
Komputronik S.A.
WAR:KOM
|
$17.79 Million |
|
Zungwon En-Sys Inc
KQ:045510
|
$17.79 Million |
|
Dalaroo Metals Ltd
AU:DAL
|
$17.79 Million |
|
Nissan
TA:NISA
|
$17.78 Million |
|
5G Networks Ltd
AU:5GN
|
$17.77 Million |
|
Energy Focu
NASDAQ:EFOI
|
$17.77 Million |
|
Sycal Ventures Bhd
KLSE:9717
|
$17.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian North Resources Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 43,355,322 to 42,625,967, a change of -729,355 (-1.7%).
- Net loss of 711,866 reduced equity.
- Share repurchases of 76,618 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-711.87K | -1.67% |
| Share Repurchases | CA$76.62K | -0.18% |
| Other Changes | CA$59.13K | +0.14% |
| Total Change | CA$- | -1.68% |
Book Value vs Market Value Analysis
This analysis compares Canadian North Resources 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: 0.58x
- 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 8.47x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CA$0.03 | CA$0.22 | x |
| 2021-12-31 | CA$0.23 | CA$0.22 | x |
| 2022-12-31 | CA$0.30 | CA$0.22 | x |
| 2023-12-31 | CA$0.39 | CA$0.22 | x |
| 2024-12-31 | CA$0.38 | CA$0.22 | x |
| 2025-12-31 | CA$0.37 | CA$0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian North Resources Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-1.67%) is above the historical average (-8.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -11.74% | 0.00% | 0.00x | 1.64x | CA$-563.34K |
| 2021 | -6.29% | 0.00% | 0.00x | 1.10x | CA$-3.75 Million |
| 2022 | -12.51% | 0.00% | 0.00x | 1.11x | CA$-7.01 Million |
| 2023 | -14.22% | 0.00% | 0.00x | 1.11x | CA$-10.90 Million |
| 2024 | -4.36% | 0.00% | 0.00x | 1.09x | CA$-6.22 Million |
| 2025 | -1.67% | 0.00% | 0.00x | 1.08x | CA$-4.97 Million |
Industry Comparison
This section compares Canadian North Resources 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: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian North Resources Inc. (CNRI) | CA$42.63 Million | -11.74% | 0.08x | $17.78 Million |
| Aftermath Silver Ltd (AAG) | $-1.02 Million | 0.00% | 0.00x | $195.23 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $42.41 Million |
| Arbor Metals Corp (ABR) | $153.43K | -30.35% | 0.39x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $-251.39K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $66.13 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $7.22 Million | -119.49% | 0.12x | $159.74 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.33 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $425.46 Million |
About Canadian North Resources Inc.
Canadian North Resources Inc. engages in the exploration and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, palladium, platinum, gold, silver, and rhodium deposits. Its flagship property is the 100% Ferguson Lake property comprising 10 contiguous mining leases covering an area of 9,686 hectares located in the Kivalliq Region of Nunavut, Can… Read more