Northern Shield Resources Inc. (NRN) — Tangible Net Worth Ratio
Northern Shield Resources Inc. (NRN) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$2.89 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is Northern Shield Resources Inc.'s working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Northern Shield Resources Inc. Tangible Net Worth Ratio (2002–2024)
This chart shows how Northern Shield Resources Inc.'s Tangible Net Worth Ratio has changed across 23 annual periods from 2002 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of CA$2.89 Million with intangible assets of CA$0.00 CAD. See defensive interval ratio of Northern Shield Resources Inc. to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Northern Shield Resources Inc. (2002–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Northern Shield Resources Inc. from 2002 to 2024, covering 23 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Northern Shield Resources Inc. (NRN) total market value.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 100.0% | CA$2.30 Million | CA$0.00 | CA$2.98 Million | ▲ +0.0 pp |
| 2023 | 100.0% | CA$5.20 Million | CA$0.00 | CA$6.02 Million | ▲ +0.0 pp |
| 2022 | 100.0% | CA$5.21 Million | CA$634.00 | CA$5.77 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$5.38 Million | CA$1.08K | CA$5.71 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$5.01 Million | CA$1.85K | CA$5.50 Million | ▲ +0.1 pp |
| 2019 | 99.9% | CA$2.39 Million | CA$3.15K | CA$2.81 Million | ▲ +0.2 pp |
| 2018 | 99.7% | CA$1.64 Million | CA$5.38K | CA$1.84 Million | ▲ +0.0 pp |
| 2017 | 99.7% | CA$2.73 Million | CA$9.18K | CA$2.87 Million | ▼ -0.3 pp |
| 2016 | 99.9% | CA$3.47 Million | CA$2.04K | CA$3.86 Million | ▲ +1.1 pp |
| 2015 | 98.8% | CA$296.50K | CA$3.47K | CA$585.57K | ▼ -1.0 pp |
| 2014 | 99.8% | CA$3.76 Million | CA$5.93K | CA$4.09 Million | ▼ 0.0 pp |
| 2013 | 99.9% | CA$8.24 Million | CA$10.11K | CA$9.05 Million | ▼ -0.1 pp |
| 2012 | 100.0% | CA$9.85 Million | CA$0.00 | CA$10.37 Million | ▲ +0.0 pp |
| 2011 | 100.0% | CA$6.58 Million | CA$0.00 | CA$7.45 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$5.29 Million | CA$0.00 | CA$5.58 Million | ▲ +0.0 pp |
| 2009 | 100.0% | CA$4.40 Million | CA$0.00 | CA$4.59 Million | ▲ +0.0 pp |
| 2008 | 100.0% | CA$4.52 Million | CA$0.00 | CA$4.89 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$2.74 Million | CA$0.00 | CA$2.93 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$2.99 Million | CA$0.00 | CA$3.13 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$2.62 Million | CA$0.00 | CA$2.76 Million | ▲ +0.0 pp |
| 2004 | 100.0% | CA$2.25 Million | CA$0.00 | CA$2.42 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$1.13 Million | CA$0.00 | CA$1.33 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$178.79K | CA$0.00 | CA$182.74K | — |