New Destiny Mining Corp (NED) - Net Assets
Based on the latest financial reports, New Destiny Mining Corp (NED) has net assets worth CA$-2.28 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$15.45K) and total liabilities (CA$2.30 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-2.28 Million |
| % of Total Assets | -14779.08% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
New Destiny Mining Corp - Net Assets Trend (2014–2025)
This chart illustrates how New Destiny Mining Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for New Destiny Mining Corp (2014–2025)
The table below shows the annual net assets of New Destiny Mining Corp from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | CA$-2.20 Million | -58.77% |
| 2024-06-30 | CA$-1.38 Million | -115.12% |
| 2023-06-30 | CA$-643.35K | -12.14% |
| 2022-06-30 | CA$-573.73K | -3.04% |
| 2021-06-30 | CA$-556.80K | -5.17% |
| 2020-06-30 | CA$-529.43K | -10.41% |
| 2019-06-30 | CA$-479.53K | -325.13% |
| 2018-06-30 | CA$-112.80K | +15.93% |
| 2017-06-30 | CA$-134.18K | +32.73% |
| 2016-06-30 | CA$-199.46K | -393.76% |
| 2015-06-30 | CA$67.90K | +193.63% |
| 2014-06-30 | CA$-72.52K | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Destiny Mining 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 414239600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$4.06 Million | % |
| Total Equity | CA$-2.20 Million | 100.00% |
New Destiny Mining Corp Competitors by Market Cap
The table below lists competitors of New Destiny Mining Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kavango Resources PLC
LSE:KAV
|
$409.03K |
|
INDICE FINANCEIRO
SA:IFNC
|
$411.02K |
|
H&G High Conviction Ltd
AU:HCF
|
$411.94K |
|
ALDD Ventures Corp.
V:ALDD-P
|
$412.33K |
|
IN8BIO INC. DL-0001
F:6JH
|
$408.64K |
|
Poolbeg Pharma PLC
LSE:POLB
|
$407.51K |
|
5D Acquisition Corp.
V:FIVD-P
|
$407.19K |
|
VPC Specialty Lending Investments PLC
LSE:VSL
|
$407.14K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Destiny Mining Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -1,383,992 to -2,197,342, a change of -813,350.
- Net loss of 813,350 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-813.35K | -37.02% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares New Destiny Mining Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | CA$-0.02 | CA$0.03 | x |
| 2018-06-30 | CA$-0.01 | CA$0.03 | x |
| 2019-06-30 | CA$-0.03 | CA$0.03 | x |
| 2020-06-30 | CA$-0.03 | CA$0.03 | x |
| 2021-06-30 | CA$-0.03 | CA$0.03 | x |
| 2022-06-30 | CA$-0.03 | CA$0.03 | x |
| 2023-06-30 | CA$-0.03 | CA$0.03 | x |
| 2024-06-30 | CA$-0.06 | CA$0.03 | x |
| 2025-06-30 | CA$-0.10 | CA$0.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Destiny Mining Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-34.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-281.35K |
| 2015 | -414.76% | 0.00% | 0.00x | 2.43x | CA$-288.40K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-314.71K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-331.28K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-621.64K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-736.70K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-204.11K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-26.94K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-83.41K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-204.46K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-602.24K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-593.62K |
Industry Comparison
This section compares New Destiny Mining Corp'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: $13,117,120
- Average return on equity (ROE) among peers: -179.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Destiny Mining Corp (NED) | CA$-2.28 Million | 0.00% | N/A | $408.81K |
| Aftermath Silver Ltd (AAG) | $517.94K | -221.60% | 0.45x | $212.63 Million |
| Aton Resources Inc (AAN) | $-1.00 Million | 0.00% | 0.00x | $51.63 Million |
| Asbestos Corporation Limited (AB-H) | $-20.27 Million | 0.00% | 0.00x | $1.85 Million |
| Arbor Metals Corp (ABR) | $240.86K | -142.60% | 0.05x | $10.15 Million |
| Asiabasemetals Inc (ABZ) | $-3.48K | 0.00% | 0.00x | $4.85 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $27.09 Million |
| AE Fuels Corporation (AEF) | $423.41K | -11.49% | 0.28x | $4.80 Million |
| Alphamin Res (AFM) | $156.83 Million | -0.87% | 0.64x | $1.27 Billion |
| African Metals Corporation (AFR) | $26.49K | -1414.66% | 2.56x | $911.83K |
| Silver X Mining Corp (AGX) | $-442.07K | 0.00% | 0.00x | $148.73 Million |
About New Destiny Mining Corp
New Destiny Mining Corp. engages in acquiring, exploring, and evaluating mineral properties in Canada. The company explores for silver, gold, lead, zinc, and copper deposits. Its flagship project is the Treasure Mountain silver property located in southern British Columbia, Canada. The company was incorporated in 2009 and is headquartered in Vancouver, Canada.