Nickel North Exploration Corp
Nickel North Exploration Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for nickel, copper, and platinum group metals resources. It holds 100% ownership in the Hawk Ridge property comprising 411 contiguous mineral claims covering an area of 17,967 hectares located in Ungava Bay, Northern Quebec. The company was formerly known as… Read more
Nickel North Exploration Corp (NNX) - Net Assets
Latest net assets as of September 2025: CA$-2.98 Million CAD
Based on the latest financial reports, Nickel North Exploration Corp (NNX) has net assets worth CA$-2.98 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$71.07K) and total liabilities (CA$3.05 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-2.98 Million |
| % of Total Assets | -4197.49% |
| Annual Growth Rate | N/A |
| 5-Year Change | -130.76% |
| 10-Year Change | -126.55% |
| Growth Volatility | 50.85 |
Nickel North Exploration Corp - Net Assets Trend (2007–2024)
This chart illustrates how Nickel North Exploration 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 Nickel North Exploration Corp (2007–2024)
The table below shows the annual net assets of Nickel North Exploration Corp from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-2.81 Million | -22.08% |
| 2023-12-31 | CA$-2.30 Million | -33.54% |
| 2022-12-31 | CA$-1.73 Million | -119.14% |
| 2021-12-31 | CA$9.02 Million | -1.39% |
| 2020-12-31 | CA$9.14 Million | -2.46% |
| 2019-12-31 | CA$9.37 Million | -3.12% |
| 2018-12-31 | CA$9.68 Million | -2.80% |
| 2017-12-31 | CA$9.95 Million | -4.31% |
| 2016-12-31 | CA$10.40 Million | -1.83% |
| 2015-12-31 | CA$10.60 Million | +9.48% |
| 2014-12-31 | CA$9.68 Million | -3.83% |
| 2013-12-31 | CA$10.06 Million | +15322.29% |
| 2011-12-31 | CA$-66.11K | +81.50% |
| 2010-12-31 | CA$-357.29K | -22.90% |
| 2009-12-31 | CA$-290.72K | -249.03% |
| 2008-12-31 | CA$-83.29K | -136.25% |
| 2007-12-31 | CA$229.75K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nickel North Exploration 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 1574042700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$12.94 Million | % |
| Total Equity | CA$-2.81 Million | 100.00% |
Nickel North Exploration Corp Competitors by Market Cap
The table below lists competitors of Nickel North Exploration Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Motor & General Finance Limited
NSE:MOTOGENFIN
|
$2.02 Million |
|
Elkop SA
WAR:EKP
|
$2.02 Million |
|
Ravi Kumar Distilleries Limited
NSE:RKDL
|
$2.02 Million |
|
Orion Gold NL
JSE:ORN
|
$2.02 Million |
|
Northann Corp.
NYSE MKT:NCL
|
$2.02 Million |
|
AST Groupe
PA:ALAST
|
$2.02 Million |
|
DF Deutsche Forfait AG
XETRA:DFTK
|
$2.02 Million |
|
Megalestari Epack Sentosaraya Pt
JK:EPAC
|
$2.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel North Exploration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,304,177 to -2,812,879, a change of -508,702.
- Net loss of 508,702 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-508.70K | -18.08% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Nickel North Exploration 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 |
|---|---|---|---|
| 2006-12-31 | CA$0.05 | CA$0.05 | x |
| 2007-12-31 | CA$0.06 | CA$0.05 | x |
| 2008-12-31 | CA$-0.02 | CA$0.05 | x |
| 2009-12-31 | CA$-0.06 | CA$0.05 | x |
| 2010-12-31 | CA$-0.08 | CA$0.05 | x |
| 2011-12-31 | CA$-0.02 | CA$0.05 | x |
| 2013-12-31 | CA$0.19 | CA$0.05 | x |
| 2014-12-31 | CA$0.15 | CA$0.05 | x |
| 2015-12-31 | CA$0.15 | CA$0.05 | x |
| 2016-12-31 | CA$0.14 | CA$0.05 | x |
| 2017-12-31 | CA$0.13 | CA$0.05 | x |
| 2018-12-31 | CA$0.13 | CA$0.05 | x |
| 2019-12-31 | CA$0.12 | CA$0.05 | x |
| 2020-12-31 | CA$0.12 | CA$0.05 | x |
| 2021-12-31 | CA$0.12 | CA$0.05 | x |
| 2022-12-31 | CA$-0.02 | CA$0.05 | x |
| 2023-12-31 | CA$-0.02 | CA$0.05 | x |
| 2024-12-31 | CA$-0.03 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel North Exploration Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-4.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -9.89% | 0.00% | 0.00x | 1.00x | CA$-18.10K |
| 2007 | -56.02% | 0.00% | 0.00x | 1.07x | CA$-151.67K |
| 2008 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-307.55K |
| 2009 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-230.51K |
| 2010 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-30.84K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | CA$52.29K |
| 2013 | 8.11% | 0.00% | 0.00x | 1.12x | CA$-190.31K |
| 2014 | -4.65% | 0.00% | 0.00x | 1.19x | CA$-1.42 Million |
| 2015 | -1.44% | 0.00% | 0.00x | 1.05x | CA$-1.21 Million |
| 2016 | -1.86% | 0.00% | 0.00x | 1.08x | CA$-1.23 Million |
| 2017 | -4.50% | 0.00% | 0.00x | 1.10x | CA$-1.44 Million |
| 2018 | -2.88% | 0.00% | 0.00x | 1.12x | CA$-1.25 Million |
| 2019 | -3.22% | 0.00% | 0.00x | 1.16x | CA$-1.24 Million |
| 2020 | -2.52% | 0.00% | 0.00x | 1.19x | CA$-1.14 Million |
| 2021 | -2.51% | 0.00% | 0.00x | 1.20x | CA$-1.13 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-762.69K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-391.42K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-227.41K |
Industry Comparison
This section compares Nickel North Exploration 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: $30,833,953
- Average return on equity (ROE) among peers: -67.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickel North Exploration Corp (NNX) | CA$-2.98 Million | -9.89% | N/A | $2.02 Million |
| 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 |