Niocan Inc (NIO) - Net Assets
Based on the latest financial reports, Niocan Inc (NIO) has net assets worth CA$1.51 Million CAD (≈ $1.10 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$1.70 Million ≈ $1.23 Million USD) and total liabilities (CA$187.15K ≈ $135.38K 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 Niocan Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$1.51 Million |
| % of Total Assets | 89.0% |
| Annual Growth Rate | -11.65% |
| 5-Year Change | N/A |
| 10-Year Change | -66.59% |
| Growth Volatility | 50.81 |
Niocan Inc - Net Assets Trend (2013–2025)
This chart illustrates how Niocan Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Niocan Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Niocan Inc (2013–2025)
The table below shows the annual net assets of Niocan Inc from 2013 to 2025. For live valuation and market cap data, see NIO market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$1.51 Million ≈ $1.10 Million |
+36.90% |
| 2024-12-31 | CA$1.11 Million ≈ $799.92K |
-14.98% |
| 2023-12-31 | CA$1.30 Million ≈ $940.90K |
-11.20% |
| 2022-12-31 | CA$1.46 Million ≈ $1.06 Million |
+197.62% |
| 2021-12-31 | CA$-1.50 Million ≈ $-1.09 Million |
+48.82% |
| 2020-12-31 | CA$-2.93 Million ≈ $-2.12 Million |
-16.84% |
| 2019-12-31 | CA$-2.51 Million ≈ $-1.82 Million |
-22.09% |
| 2018-12-31 | CA$-2.06 Million ≈ $-1.49 Million |
-150.37% |
| 2017-12-31 | CA$4.08 Million ≈ $2.95 Million |
-9.94% |
| 2016-12-31 | CA$4.53 Million ≈ $3.28 Million |
-12.21% |
| 2015-12-31 | CA$5.16 Million ≈ $3.73 Million |
-4.48% |
| 2014-12-31 | CA$5.40 Million ≈ $3.91 Million |
-19.31% |
| 2013-12-31 | CA$6.70 Million ≈ $4.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Niocan 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 1395187500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$25.30 Million | 1671.32% |
| Total Equity | CA$1.51 Million | 100.00% |
Niocan Inc Competitors by Market Cap
The table below lists competitors of Niocan Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Excelsior Capital Ltd
AU:ECL
|
$18.67 Million |
|
Orgabio Holdings Bhd
KLSE:0252
|
$18.67 Million |
|
Han Express
KO:014130
|
$18.67 Million |
|
Verimatrix
PA:VMX
|
$18.67 Million |
|
Chiangmai Frozen Foods Public Company Limited
BK:CM
|
$18.65 Million |
|
Tandy Leather Factory Inc
NASDAQ:TLF
|
$18.65 Million |
|
Seoul Pharma Co. Ltd
KQ:018680
|
$18.65 Million |
|
VONEX Ltd
AU:VN8
|
$18.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Niocan Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,105,804 to 1,513,800, a change of 407,996 (36.9%).
- Net loss of 957,183 reduced equity.
- New share issuances of 773,750 increased equity.
- Other factors increased equity by 591,429.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-957.18K | -63.23% |
| Share Issuances | CA$773.75K | +51.11% |
| Other Changes | CA$591.43K | +39.07% |
| Total Change | CA$- | 36.90% |
Book Value vs Market Value Analysis
This analysis compares Niocan 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: 12.85x
- 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 1.15x to 12.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.16 | CA$0.18 | x |
| 2018-12-31 | CA$-0.08 | CA$0.18 | x |
| 2019-12-31 | CA$-0.10 | CA$0.18 | x |
| 2020-12-31 | CA$-0.11 | CA$0.18 | x |
| 2021-12-31 | CA$-0.03 | CA$0.18 | x |
| 2022-12-31 | CA$0.02 | CA$0.18 | x |
| 2023-12-31 | CA$0.02 | CA$0.18 | x |
| 2024-12-31 | CA$0.01 | CA$0.18 | x |
| 2025-12-31 | CA$0.01 | CA$0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Niocan Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -63.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14502.77%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.12x
- Recent ROE (-63.23%) is below the historical average (-23.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -13.47% | -9396.58% | 0.00x | 1.31x | CA$-1.57 Million |
| 2014 | -23.92% | -16157.71% | 0.00x | 1.36x | CA$-1.83 Million |
| 2015 | -10.50% | -6776.94% | 0.00x | 1.38x | CA$-1.06 Million |
| 2016 | -13.91% | -9696.95% | 0.00x | 1.61x | CA$-1.08 Million |
| 2017 | -11.04% | -6218.25% | 0.00x | 1.75x | CA$-858.36K |
| 2018 | 0.00% | -4525.02% | 0.02x | 0.00x | CA$-283.18K |
| 2019 | 0.00% | -4070.88% | 0.02x | 0.00x | CA$-203.00K |
| 2020 | 0.00% | -4183.79% | 0.02x | 0.00x | CA$-129.40K |
| 2021 | 0.00% | -12705.38% | 0.00x | 0.00x | CA$-840.97K |
| 2022 | -32.58% | -4161.13% | 0.01x | 1.54x | CA$-623.67K |
| 2023 | -56.07% | -6027.21% | 0.01x | 1.47x | CA$-859.36K |
| 2024 | -78.66% | -10233.05% | 0.00x | 1.56x | CA$-980.39K |
| 2025 | -63.23% | -14502.77% | 0.00x | 1.12x | CA$-1.11 Million |
Industry Comparison
This section compares Niocan 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 |
|---|---|---|---|---|
| Niocan Inc (NIO) | CA$1.51 Million | -13.47% | 0.12x | $18.65 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 Niocan Inc
Nio Strategic Metals Inc., a development stage company, engages in the exploration and development of mineral properties. It explores for uranium, niobium, and iron ores deposits. The company holds interest in the Oka mining property comprising 56 claims covering an area of approximately 5,409 acres located in Quebec. It holds interest in the Great Whale Iron property consists of 27 claims coveri… Read more