Nickel 28 Capital Corp (NKL) - Net Assets
Based on the latest financial reports, Nickel 28 Capital Corp (NKL) has net assets worth CA$81.56 Million CAD (≈ $59.00 Million USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$128.99 Million ≈ $93.31 Million USD) and total liabilities (CA$47.43 Million ≈ $34.31 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 NKL cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$81.56 Million |
| % of Total Assets | 63.23% |
| Annual Growth Rate | 4.61% |
| 5-Year Change | 19.48% |
| 10-Year Change | N/A |
| Growth Volatility | 9.57 |
Nickel 28 Capital Corp - Net Assets Trend (2020–2025)
This chart illustrates how Nickel 28 Capital Corp's net assets have evolved over time, based on quarterly financial data. Also explore Nickel 28 Capital Corp (NKL) total assets for the complete picture of this company's asset base.
Annual Net Assets for Nickel 28 Capital Corp (2020–2025)
The table below shows the annual net assets of Nickel 28 Capital Corp from 2020 to 2025. For live valuation and market cap data, see Nickel 28 Capital Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | CA$82.50 Million ≈ $59.68 Million |
-4.73% |
| 2024-01-31 | CA$86.60 Million ≈ $62.64 Million |
-4.57% |
| 2023-01-31 | CA$90.75 Million ≈ $65.65 Million |
+8.53% |
| 2022-01-31 | CA$83.62 Million ≈ $60.49 Million |
+21.10% |
| 2021-01-31 | CA$69.05 Million ≈ $49.95 Million |
+4.87% |
| 2020-01-31 | CA$65.84 Million ≈ $47.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nickel 28 Capital 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 grown by 1401857800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$13.68 Million | 16.58% |
| Other Components | CA$68.82 Million | 83.42% |
| Total Equity | CA$82.50 Million | 100.00% |
Nickel 28 Capital Corp Competitors by Market Cap
The table below lists competitors of Nickel 28 Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Data Communications Management Ltd
TO:DCM
|
$65.18 Million |
|
Cauldron Energy Ltd
AU:CXU
|
$65.18 Million |
|
Accelerate Property Fund Ltd
JSE:APF
|
$65.22 Million |
|
Forian Inc
NASDAQ:FORA
|
$65.25 Million |
|
Thitikorn Public Company Limited
BK:TK
|
$65.14 Million |
|
Exasol AG
XETRA:EXL
|
$65.13 Million |
|
Skane mollan AB
ST:SKMO
|
$65.11 Million |
|
Laster Tech Corp Ltd
TW:3346
|
$65.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel 28 Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 86,599,230 to 82,498,906, a change of -4,100,324 (-4.7%).
- Net loss of 1,927,755 reduced equity.
- Share repurchases of 1,042,798 reduced equity.
- Other factors decreased equity by 1,129,771.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.93 Million | -2.34% |
| Share Repurchases | CA$1.04 Million | -1.26% |
| Other Changes | CA$-1.13 Million | -1.37% |
| Total Change | CA$- | -4.73% |
Book Value vs Market Value Analysis
This analysis compares Nickel 28 Capital 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: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.62x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-01-31 | CA$0.79 | CA$1.28 | x |
| 2021-01-31 | CA$0.83 | CA$1.28 | x |
| 2022-01-31 | CA$0.96 | CA$1.28 | x |
| 2023-01-31 | CA$0.99 | CA$1.28 | x |
| 2024-01-31 | CA$0.91 | CA$1.28 | x |
| 2025-01-31 | CA$0.93 | CA$1.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel 28 Capital Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.59x
- Recent ROE (-2.34%) is below the historical average (1.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -4.04% | 0.00% | 0.00x | 2.55x | CA$-9.69 Million |
| 2022 | 13.36% | 0.00% | 0.00x | 1.91x | CA$2.81 Million |
| 2023 | 6.73% | 0.00% | 0.00x | 1.70x | CA$-2.96 Million |
| 2024 | -7.14% | 0.00% | 0.00x | 1.64x | CA$-14.84 Million |
| 2025 | -2.34% | 0.00% | 0.00x | 1.59x | CA$-10.18 Million |
Industry Comparison
This section compares Nickel 28 Capital 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: $14,613,271
- Average return on equity (ROE) among peers: -28.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickel 28 Capital Corp (NKL) | CA$81.56 Million | -4.04% | 0.58x | $65.15 Million |
| Aftermath Silver Ltd (AAG) | $1.38 Million | -190.49% | 0.19x | $185.75 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $3.78 Million | -10.88% | 0.34x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $-637.51K | 0.00% | 0.00x | $4.67 Million |
| Adex Mining Inc (ADE) | $-2.16 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $71.72 Million | -9.02% | 0.02x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $29.17 Million | -31.05% | 4.18x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $1.00 | 0.00% | 0.00x | $332.39 Million |
About Nickel 28 Capital Corp
Nickel 28 Capital Corp. operates as a base metals company in Papua New Guinea, Quebec, British Columbia, Australia, and Yukon. It explores for nickel, cobalt, silver, lead, zinc, and scandium deposits. The company was formerly known as Conic Metals Corp. and changed its name to Nickel 28 Capital Corp. in March 2021. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.