First Nordic Metals Corp
First Nordic Metals Corp., a junior exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Sweden and Finland. It primarily explores for iron ore, gold, silver, copper, lead, uranium, and zinc deposits. The company's flagship project is the 45% Barsele Gold Project that covers an area of approximately 24,980 hectares located in Västerbottens L… Read more
First Nordic Metals Corp (FNMCF) - Total Assets
Latest total assets as of September 2025: $27.22 Million USD
Based on the latest financial reports, First Nordic Metals Corp (FNMCF) holds total assets worth $27.22 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First Nordic Metals Corp - Total Assets Trend (2020–2024)
This chart illustrates how First Nordic Metals Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Nordic Metals Corp - Asset Composition Analysis
Current Asset Composition (September 2024)
First Nordic Metals Corp's total assets of $27.22 Million consist of 41.8% current assets and 58.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 36.1% |
| Accounts Receivable | $304.66K | 1.2% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how First Nordic Metals Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Nordic Metals Corp's current assets represent 41.8% of total assets in 2024, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 36.1% of total assets in 2024, down from 70.5% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is accounts receivable at 1.2% of total assets.
First Nordic Metals Corp Competitors by Total Assets
Key competitors of First Nordic Metals Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Artemis Gold Inc
PINK:ARGTF
|
USA | $1.87 Billion |
|
American Sierra Gold Corp
PINK:AMNP
|
USA | $9.30 Million |
|
Zhongrun Resources Investment
SHE:000506
|
China | CN¥1.43 Billion |
|
Yintai Resources Co Ltd
SHE:000975
|
China | CN¥20.29 Billion |
|
1AH
F:1AH
|
Germany | €55.15 Million |
|
1ZX0
F:1ZX0
|
Germany | €1.11 Million |
|
Copper Giant Resources Corp.
F:29H0
|
Germany | €6.21 Million |
|
29METALS Ltd
AU:29M
|
Australia | AU$1.04 Billion |
First Nordic Metals Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - First Nordic Metals Corp generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - First Nordic Metals Corp is currently not profitable relative to its asset base.
First Nordic Metals Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.37 | 0.99 | 10.04 |
| Quick Ratio | 2.37 | 0.99 | 10.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $6.81 Million | $ -29.85K | $ 1.20 Million |
First Nordic Metals Corp - Advanced Valuation Insights
This section examines the relationship between First Nordic Metals Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 31.59 |
| Latest Market Cap to Assets Ratio | 0.84 |
| Asset Growth Rate (YoY) | 5175.7% |
| Total Assets | $26.54 Million |
| Market Capitalization | $22.33 Million USD |
Valuation Analysis
Near Book Valuation: The market values First Nordic Metals Corp's assets close to their book value ( 0.84x), suggesting investors view the company's assets at approximately fair value.
Rapid Asset Growth: First Nordic Metals Corp's assets grew by 5175.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for First Nordic Metals Corp (2020–2024)
The table below shows the annual total assets of First Nordic Metals Corp from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-09-30 | $26.54 Million | +5175.74% |
| 2023-09-30 | $503.10K | -62.18% |
| 2022-09-30 | $1.33 Million | +236.16% |
| 2021-09-30 | $395.73K | +65.74% |
| 2020-09-30 | $238.76K | -- |