Nickel North Exploration Corp (NNX) - Net Assets
Based on the latest financial reports, Nickel North Exploration Corp (NNX) has net assets worth CA$-881.07K CAD (≈ $-637.35K 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$1.87 Million ≈ $1.35 Million USD) and total liabilities (CA$2.75 Million ≈ $1.99 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Nickel North Exploration Corp for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-881.07K |
| % of Total Assets | -47.05% |
| Annual Growth Rate | N/A |
| 5-Year Change | -113.51% |
| 10-Year Change | -111.71% |
| Growth Volatility | 50.85 |
Nickel North Exploration Corp - Net Assets Trend (2007–2025)
This chart illustrates how Nickel North Exploration Corp's net assets have evolved over time, based on quarterly financial data. Check Nickel North Exploration Corp tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Nickel North Exploration Corp (2007–2025)
The table below shows the annual net assets of Nickel North Exploration Corp from 2007 to 2025. For live valuation and market cap data, see NNX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$-1.22 Million ≈ $-881.08K |
+56.70% |
| 2024-12-31 | CA$-2.81 Million ≈ $-2.03 Million |
-22.08% |
| 2023-12-31 | CA$-2.30 Million ≈ $-1.67 Million |
-33.54% |
| 2022-12-31 | CA$-1.73 Million ≈ $-1.25 Million |
-119.14% |
| 2021-12-31 | CA$9.02 Million ≈ $6.52 Million |
-1.39% |
| 2020-12-31 | CA$9.14 Million ≈ $6.61 Million |
-2.46% |
| 2019-12-31 | CA$9.37 Million ≈ $6.78 Million |
-3.12% |
| 2018-12-31 | CA$9.68 Million ≈ $7.00 Million |
-2.80% |
| 2017-12-31 | CA$9.95 Million ≈ $7.20 Million |
-4.31% |
| 2016-12-31 | CA$10.40 Million ≈ $7.52 Million |
-1.83% |
| 2015-12-31 | CA$10.60 Million ≈ $7.66 Million |
+9.48% |
| 2014-12-31 | CA$9.68 Million ≈ $7.00 Million |
-3.83% |
| 2013-12-31 | CA$10.06 Million ≈ $7.28 Million |
+15322.29% |
| 2011-12-31 | CA$-66.11K ≈ $-47.82K |
+81.50% |
| 2010-12-31 | CA$-357.29K ≈ $-258.46K |
-22.90% |
| 2009-12-31 | CA$-290.72K ≈ $-210.30K |
-249.03% |
| 2008-12-31 | CA$-83.29K ≈ $-60.25K |
-136.25% |
| 2007-12-31 | CA$229.75K ≈ $166.20K |
-- |
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 1618211200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$14.97 Million | % |
| Total Equity | CA$-1.22 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 |
|---|---|
|
Industronics Bhd
KLSE:9393
|
$4.44 Million |
|
Cre8 Enterprise Limited Class A Ordinary Shares
NASDAQ:CRE
|
$4.44 Million |
|
SEKUR PRIVATE DATA LTD.
F:GDT0
|
$4.45 Million |
|
Canasil Resources Inc.
V:CLZ
|
$4.45 Million |
|
Aptose Biosciences Inc
TO:APS
|
$4.43 Million |
|
Clara Resources Australia Ltd
AU:C7A
|
$4.43 Million |
|
Acurx Pharmaceuticals LLC
NASDAQ:ACXP
|
$4.43 Million |
|
GREENHY2 Ltd
AU:H2G
|
$4.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nickel North Exploration Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -2,812,879 to -1,218,002, a change of 1,594,877.
- Net loss of 441,685 reduced equity.
- New share issuances of 1,690,718 increased equity.
- Other factors increased equity by 345,844.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-441.69K | -36.26% |
| Share Issuances | CA$1.69 Million | +138.81% |
| Other Changes | CA$345.84K | +28.39% |
| Total Change | CA$- | % |
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$0.04 | x |
| 2007-12-31 | CA$0.06 | CA$0.04 | x |
| 2008-12-31 | CA$-0.02 | CA$0.04 | x |
| 2009-12-31 | CA$-0.06 | CA$0.04 | x |
| 2010-12-31 | CA$-0.08 | CA$0.04 | x |
| 2011-12-31 | CA$-0.02 | CA$0.04 | x |
| 2013-12-31 | CA$0.19 | CA$0.04 | x |
| 2014-12-31 | CA$0.15 | CA$0.04 | x |
| 2015-12-31 | CA$0.15 | CA$0.04 | x |
| 2016-12-31 | CA$0.14 | CA$0.04 | x |
| 2017-12-31 | CA$0.13 | CA$0.04 | x |
| 2018-12-31 | CA$0.13 | CA$0.04 | x |
| 2019-12-31 | CA$0.12 | CA$0.04 | x |
| 2020-12-31 | CA$0.12 | CA$0.04 | x |
| 2021-12-31 | CA$0.12 | CA$0.04 | x |
| 2022-12-31 | CA$-0.02 | CA$0.04 | x |
| 2023-12-31 | CA$-0.02 | CA$0.04 | x |
| 2024-12-31 | CA$-0.03 | CA$0.04 | x |
| 2025-12-31 | CA$-0.01 | CA$0.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nickel North Exploration Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-4.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -9.89% | 0.00% | 0.00x | 1.00x | CA$-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$-227.41K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-319.88K |
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: $22,597,781
- Average return on equity (ROE) among peers: -15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nickel North Exploration Corp (NNX) | CA$-881.07K | -9.89% | N/A | $4.43 Million |
| Aftermath Silver Ltd (AAG) | $25.06 Million | -33.91% | 0.29x | $155.69 Million |
| Aton Resources Inc (AAN) | $-1.00 Million | 0.00% | 0.00x | $46.10 Million |
| Arbor Metals Corp (ABR) | $-81.69K | 0.00% | 0.00x | $7.85 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $3.27 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $44.09 Million |
| Alphamin Res (AFM) | $62.79 Million | -12.66% | 0.01x | $1.28 Billion |
| Silver X Mining Corp (AGX) | $18.90 Million | -23.55% | 1.85x | $115.28 Million |
| Amarc Resources Ltd. (AHR) | $8.69 Million | -15.84% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $37.49 Million | -20.68% | 3.42x | $4.01 Billion |
| Aldebaran Resources Inc (ALDE) | $73.49 Million | -2.43% | 0.01x | $337.71 Million |
About Nickel North Exploration Corp
Nickel North Exploration Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores nickel, copper, and platinum group metals resources. The company holds 100% ownership of the Hawk Ridge property comprising 411 contiguous mineral claims covering an area of 18,000 hectares located in Ungava Bay, Northern Quebec. This project also focused on… Read more