Nevada King Gold Corp Net Assets
Nevada King Gold Corp net assets. Based on the latest financial reports, Nevada King Gold Corp (NKG) has net assets worth CA$19.44 Million CAD (≈ $14.06 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$19.70 Million ≈ $14.25 Million USD) and total liabilities (CA$264.21K ≈ $191.13K 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. Also explore net asset momentum of Nevada King Gold Corp to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$19.44 Million |
| % of Total Assets | 98.66% |
| Annual Growth Rate | 46.29% |
| 5-Year Change | -73.91% |
| 10-Year Change | N/A |
| Growth Volatility | 233.09 |
Net Assets of Nevada King Gold Corp (2018–2026)
Net assets of Nevada King Gold Corp from 2018 to 2026. This chart illustrates how Nevada King Gold Corp's net assets have evolved over time, based on quarterly financial data. See NKG net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Nevada King Gold Corp (2018–2026)
The table below shows the annual net assets of Nevada King Gold Corp from 2018 to 2026. For live market cap and overall valuation, see how much is Nevada King Gold Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | CA$19.44 Million ≈ $14.06 Million |
+12.54% |
| 2025-03-31 | CA$17.27 Million ≈ $12.49 Million |
-51.28% |
| 2024-03-31 | CA$35.45 Million ≈ $25.65 Million |
-2.58% |
| 2023-03-31 | CA$36.39 Million ≈ $26.32 Million |
-51.15% |
| 2022-03-31 | CA$74.49 Million ≈ $53.89 Million |
+162.25% |
| 2021-03-31 | CA$28.40 Million ≈ $20.55 Million |
+206.20% |
| 2020-03-31 | CA$9.28 Million ≈ $6.71 Million |
+25.76% |
| 2019-03-31 | CA$7.38 Million ≈ $5.34 Million |
+695.80% |
| 2018-03-31 | CA$926.92K ≈ $670.52K |
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Equity Component Analysis
This analysis shows how different components contribute to Nevada King Gold 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 13391352800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Nevada King Gold Corp Net Assets Breakdown (March 2026)
Nevada King Gold Corp net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$171.91 Million | 884.41% |
| Total Equity | CA$19.44 Million | 100.00% |
Nevada King Gold Corp Competitors by Market Cap
The table below lists competitors of Nevada King Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
K Auction Inc.
KQ:102370
|
$47.19 Million |
|
Emerita Resources Corp
V:EMO
|
$47.21 Million |
|
Asahi Songwon Colors Limited
NSE:ASAHISONG
|
$47.22 Million |
|
JOYCITY Corporation
KQ:067000
|
$47.23 Million |
|
Yufo Electronics Co Ltd
TWO:6194
|
$47.18 Million |
|
GameSparcs Co Ltd
TWO:6542
|
$47.17 Million |
|
Hardwyn India Limited
NSE:HARDWYN
|
$47.17 Million |
|
dhSteel
KQ:021040
|
$47.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nevada King Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 17,272,225 to 19,438,182, a change of 2,165,957 (12.5%).
- Net loss of 10,409,879 reduced equity.
- New share issuances of 11,500,000 increased equity.
- Other factors increased equity by 1,075,836.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-10.41 Million | -53.55% |
| Share Issuances | CA$11.50 Million | +59.16% |
| Other Changes | CA$1.08 Million | +5.53% |
| Total Change | CA$- | 12.54% |
Book Value vs Market Value Analysis
This analysis compares Nevada King Gold 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
- Current price-to-book ratio: 3.36x
- 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 decreased from 12.57x to 3.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | CA$0.05 | CA$0.65 | x |
| 2019-03-31 | CA$0.09 | CA$0.65 | x |
| 2020-03-31 | CA$0.10 | CA$0.65 | x |
| 2021-03-31 | CA$0.29 | CA$0.65 | x |
| 2022-03-31 | CA$0.31 | CA$0.65 | x |
| 2023-03-31 | CA$0.65 | CA$0.65 | x |
| 2024-03-31 | CA$0.52 | CA$0.65 | x |
| 2025-03-31 | CA$0.05 | CA$0.65 | x |
| 2026-03-31 | CA$0.19 | CA$0.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nevada King Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -53.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-53.55%) is above the historical average (-61.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -10.24% | 0.00% | 0.00x | 1.02x | CA$-187.57K |
| 2019 | -128.62% | 0.00% | 0.00x | 1.07x | CA$-10.22 Million |
| 2020 | -27.48% | 0.00% | 0.00x | 1.01x | CA$-3.48 Million |
| 2021 | -6.89% | 0.00% | 0.00x | 1.01x | CA$-4.80 Million |
| 2022 | -13.18% | 0.00% | 0.00x | 1.00x | CA$-17.26 Million |
| 2023 | -147.27% | 0.00% | 0.00x | 1.04x | CA$-57.23 Million |
| 2024 | -76.20% | 0.00% | 0.00x | 1.02x | CA$-30.56 Million |
| 2025 | -86.84% | 0.00% | 0.00x | 1.04x | CA$-16.73 Million |
| 2026 | -53.55% | 0.00% | 0.00x | 1.01x | CA$-12.35 Million |
Industry Comparison
This section compares Nevada King Gold 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: $20,486,864
- Average return on equity (ROE) among peers: -11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nevada King Gold Corp (NKG) | CA$19.44 Million | -10.24% | 0.01x | $47.19 Million |
| Aftermath Silver Ltd (AAG) | $-553.76K | 0.00% | 0.00x | $113.94 Million |
| Aton Resources Inc (AAN) | $-9.99 Million | 0.00% | 0.00x | $31.35 Million |
| Arbor Metals Corp (ABR) | $-81.69K | 0.00% | 0.00x | $4.10 Million |
| Asiabasemetals Inc (ABZ) | $-30.55K | 0.00% | 0.00x | $1.82 Million |
| Adex Mining Inc (ADE) | $-5.15 Million | 0.00% | 0.00x | $61.24 Million |
| Alphamin Res (AFM) | $174.59 Million | 2.85% | 0.82x | $1.16 Billion |
| Silver X Mining Corp (AGX) | $6.99 Million | -54.56% | 0.04x | $128.73 Million |
| Amarc Resources Ltd. (AHR) | $5.20 Million | -41.43% | 0.02x | $165.20 Million |
| Almonty Industries Inc (AII) | $45.62 Million | -18.06% | 2.51x | $3.18 Billion |
| Aldebaran Resources Inc (ALDE) | $-11.72 Million | 0.00% | 0.00x | $470.67 Million |
About Nevada King Gold Corp
Nevada King Gold Corp. engages in the acquisition, exploration, and evaluation of resource properties in Nevada and the United States. It holds 100% interest in the Atlanta Gold Mine Project, an open-pit gold mine covering 130 square kilometer area located in Nevada. The company was formerly known as Victory Metals Inc. and changed its name to Nevada King Gold Corp. in April 2021. Nevada King Gol… Read more