Magnetic North Acquisition Corp (MNC) - Net Assets
Based on the latest financial reports, Magnetic North Acquisition Corp (MNC) has net assets worth CA$-3.66 Million CAD (≈ $-2.65 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$1.02 Million ≈ $738.14K USD) and total liabilities (CA$4.68 Million ≈ $3.39 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Magnetic North Acquisition Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-3.66 Million |
| % of Total Assets | -358.62% |
| Annual Growth Rate | N/A |
| 5-Year Change | -218.85% |
| 10-Year Change | N/A |
| Growth Volatility | 473.01 |
Magnetic North Acquisition Corp - Net Assets Trend (2017–2023)
This chart illustrates how Magnetic North Acquisition Corp's net assets have evolved over time, based on quarterly financial data. Also explore MNC current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Magnetic North Acquisition Corp (2017–2023)
The table below shows the annual net assets of Magnetic North Acquisition Corp from 2017 to 2023. For live valuation and market cap data, see market value of Magnetic North Acquisition Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | CA$-1.87 Million ≈ $-1.35 Million |
+89.89% |
| 2022-09-30 | CA$-18.47 Million ≈ $-13.36 Million |
-41.15% |
| 2021-09-30 | CA$-13.09 Million ≈ $-9.47 Million |
-198.23% |
| 2020-09-30 | CA$13.32 Million ≈ $9.64 Million |
+747.79% |
| 2019-09-30 | CA$1.57 Million ≈ $1.14 Million |
+445.70% |
| 2018-09-30 | CA$-454.54K ≈ $-328.80K |
-1581.47% |
| 2017-09-30 | CA$-27.03K ≈ $-19.55K |
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Equity Component Analysis
This analysis shows how different components contribute to Magnetic North Acquisition Corp'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 2677253700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$50.84 Million | % |
| Total Equity | CA$-1.87 Million | 100.00% |
Magnetic North Acquisition Corp Competitors by Market Cap
The table below lists competitors of Magnetic North Acquisition Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Galore Resources Inc
V:GRI
|
$3.21 Million |
|
Sabio Holdings Inc
V:SBIO
|
$3.21 Million |
|
Avalon GloboCare Corp.
NASDAQ:ALBT
|
$3.21 Million |
|
Aurora Investment Trust plc
LSE:ARR
|
$3.21 Million |
|
Appulse Corp
V:APL
|
$3.21 Million |
|
Asdion Bhd
KLSE:0068
|
$3.21 Million |
|
8I Holdings Ltd
AU:8IH
|
$3.20 Million |
|
TAURUS ENERGY AB B SK120
F:8LU
|
$3.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Magnetic North Acquisition Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from -18,470,445 to -1,867,559, a change of 16,602,886.
- Net loss of 1,407,328 reduced equity.
- Other factors increased equity by 18,010,214.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.41 Million | -75.36% |
| Other Changes | CA$18.01 Million | +964.37% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Magnetic North Acquisition Corp'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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | CA$-0.01 | CA$0.08 | x |
| 2018-09-30 | CA$-0.13 | CA$0.08 | x |
| 2019-09-30 | CA$0.03 | CA$0.08 | x |
| 2020-09-30 | CA$0.23 | CA$0.08 | x |
| 2021-09-30 | CA$-0.22 | CA$0.08 | x |
| 2022-09-30 | CA$-0.31 | CA$0.08 | x |
| 2023-09-30 | CA$-0.03 | CA$0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Magnetic North Acquisition Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -159.92%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-14.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-111.27K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-69.30K |
| 2019 | -93.44% | 0.00% | 0.00x | 1.39x | CA$-1.63 Million |
| 2020 | -5.27% | -756.08% | 0.01x | 1.04x | CA$-2.03 Million |
| 2021 | 0.00% | 0.00% | -0.01x | 0.00x | CA$-1.80 Million |
| 2022 | 0.00% | 0.00% | -0.22x | 0.00x | CA$-4.00 Million |
| 2023 | 0.00% | -159.92% | 0.06x | 0.00x | CA$-1.22 Million |
Industry Comparison
This section compares Magnetic North Acquisition Corp's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $107,870,627
- Average return on equity (ROE) among peers: -129.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Magnetic North Acquisition Corp (MNC) | CA$-3.66 Million | 0.00% | N/A | $3.21 Million |
| BlockMint Technologies Inc (BKMT) | $402.63K | -8.63% | 0.20x | $1.40 Million |
| Bitcoin Well Inc (BTCW) | $-12.99 Million | 0.00% | 0.00x | $16.65 Million |
| Cathedra Bitcoin Inc (CBIT) | $4.77 Million | -943.08% | 4.40x | $2.05 Million |
| Canaccord Genuity Group Inc (CF) | $1.01 Billion | -2.01% | 4.71x | $908.00 Million |
| CryptoStar Corp (CSTR) | $3.24 Million | -160.49% | 2.25x | $2.12 Million |
| Currency Exchange International Corp (CXI) | $16.23 Million | 16.75% | 0.12x | $113.41 Million |
| DeFi Technologies Inc. (DEFI) | $13.90 Million | -108.80% | 31.09x | $273.56 Million |
| DelphX Capital Markets Inc (DELX) | $-596.45K | 0.00% | 0.00x | $4.64 Million |
| Digihost Technology Inc (DGHI) | $29.25 Million | -74.83% | 0.44x | $48.56 Million |
| Dmg Blockchain Solutions Inc (DMGI) | $14.92 Million | -17.31% | 0.44x | $46.27 Million |
About Magnetic North Acquisition Corp
Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software … Read more