Noble Metal Group Incorporated
Noble Metal Group Incorporated, a junior resource company, engages in the exploration and development of mineral properties in Canada. The company explores for gold deposits. It holds a 100% interest in the Cariboo Mineral and Placer property covering an area of 4,846.153 hectares located in the Cariboo Mining Division, British Columbia; and the Lease of Placer Minerals property that covers an ar… Read more
Noble Metal Group Incorporated (NMG-H) - Net Assets
Latest net assets as of March 2025: CA$-6.17 Million CAD
Based on the latest financial reports, Noble Metal Group Incorporated (NMG-H) has net assets worth CA$-6.17 Million CAD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.97 Million) and total liabilities (CA$12.14 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-6.17 Million |
| % of Total Assets | -103.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Noble Metal Group Incorporated - Net Assets Trend (2017–2024)
This chart illustrates how Noble Metal Group Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Noble Metal Group Incorporated (2017–2024)
The table below shows the annual net assets of Noble Metal Group Incorporated from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-4.32 Million | -120.89% |
| 2023-12-31 | CA$-1.96 Million | +18.38% |
| 2022-12-31 | CA$-2.40 Million | -24.03% |
| 2021-12-31 | CA$-1.93 Million | +11.54% |
| 2020-12-31 | CA$-2.18 Million | -35.06% |
| 2019-12-31 | CA$-1.62 Million | +41.89% |
| 2018-12-31 | CA$-2.78 Million | +5.08% |
| 2017-12-31 | CA$-2.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noble Metal Group Incorporated'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 223871400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$17.30 Million | % |
| Total Equity | CA$-4.32 Million | 100.00% |
Noble Metal Group Incorporated Competitors by Market Cap
The table below lists competitors of Noble Metal Group Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formuepleje Limittellus
CO:FPILIM
|
$368.96K |
|
FLG-P-U
NYSE:FLG-P-U
|
$369.01K |
|
Soho Development SA
WAR:SHD
|
$369.03K |
|
Birman Wood and Hardware Ltd
TA:BIRM
|
$369.22K |
|
ALLIANCES DEVELOPPEMENT IMMOBILIER
BC:ALLIANCES
|
$368.79K |
|
PCI BIOTECH ASA NK 3
F:4QG
|
$368.58K |
|
Regenerative Medical Technology Group Inc.
PINK:RMTG
|
$368.49K |
|
RANGE RESOURCES - Dusseldorf Stock Exchang
DU:RAX
|
$368.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noble Metal Group Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -1,956,607 to -4,321,906, a change of -2,365,299.
- Net loss of 2,365,299 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.37 Million | -54.73% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Noble Metal Group Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-0.04 | CA$0.01 | x |
| 2018-12-31 | CA$-0.04 | CA$0.01 | x |
| 2019-12-31 | CA$-0.02 | CA$0.01 | x |
| 2020-12-31 | CA$-0.02 | CA$0.01 | x |
| 2021-12-31 | CA$-0.02 | CA$0.01 | x |
| 2022-12-31 | CA$-0.02 | CA$0.01 | x |
| 2023-12-31 | CA$-0.02 | CA$0.01 | x |
| 2024-12-31 | CA$-0.03 | CA$0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noble Metal Group Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-5.04 Million |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | CA$427.31K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | CA$1.19 Million |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-348.75K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$445.40K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-224.68K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-72.40K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-1.93 Million |
Industry Comparison
This section compares Noble Metal Group Incorporated'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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noble Metal Group Incorporated (NMG-H) | CA$-6.17 Million | 0.00% | N/A | $368.88K |
| Asbestos Corporation Limited (AB-H) | $-20.02 Million | 0.00% | 0.00x | $467.16K |
| Asiabasemetals Inc (ABZ) | $-394.71K | 0.00% | 0.00x | $1.49 Million |
| Alphamin Res (AFM) | $310.73 Million | 15.51% | 0.36x | $456.79 Million |
| African Metals Corporation (AFR) | $942.26K | -69.83% | 0.14x | $409.36K |
| Bullet Exploration Inc (AMMO) | $2.16 Million | -41.07% | 24.74x | $3.15 Million |
| AM Resources Corp (AMR) | $596.66K | -503.92% | 1.17x | $2.45 Million |
| Andina Copper Corporation (ANDC) | $6.58 Million | -35.34% | 0.01x | $101.97 Million |
| Auriginal Mining Corp. (AUME) | $8.45 Million | -20.72% | 0.21x | $6.12 Million |
| Aurora Royalties Inc (AUR-H) | $350.13K | -16.93% | 0.05x | $266.34K |
| Balto Resources Ltd (BAL-H) | $-1.07 Million | 0.00% | 0.00x | $375.18K |