NorthX Nickel Corp.
NorthX Nickel Corp. engages in the identification, acquisition, evaluation, and exploration of mineral properties. The company primarily explores for nickel deposits. Its flagship asset is its 100% owned Grasset nickel sulphide project that consists of 153 claims blocks covering an area of 81.81 square kilometers located in the Quebec, Canada. The company was formerly known as Archer Exploration … Read more
NorthX Nickel Corp. (NXNIF) - Total Assets
Latest total assets as of June 2025: $7.85 Million USD
Based on the latest financial reports, NorthX Nickel Corp. (NXNIF) holds total assets worth $7.85 Million USD as of June 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.
NorthX Nickel Corp. - Total Assets Trend (2020–2024)
This chart illustrates how NorthX Nickel Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
NorthX Nickel Corp. - Asset Composition Analysis
Current Asset Composition (September 2024)
NorthX Nickel Corp.'s total assets of $7.85 Million consist of 50.6% current assets and 49.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 12.2% |
| Accounts Receivable | $0.00 | 0.0% |
| 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 NorthX Nickel 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: NorthX Nickel Corp.'s current assets represent 50.6% of total assets in 2024, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 12.2% of total assets in 2024, down from 100.0% 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 goodwill at 0.0% of total assets.
NorthX Nickel Corp. Competitors by Total Assets
Key competitors of NorthX Nickel Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Galileo Resources Plc
LSE:GLR
|
UK | GBX14.28 Million |
|
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd
SHE:000060
|
China | CN¥48.31 Billion |
|
Shengda Mining Co Ltd
SHE:000603
|
China | CN¥7.11 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
China | CN¥14.74 Billion |
|
China Tungsten and Hightech Materials Co Ltd
SHE:000657
|
China | CN¥20.78 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
China | CN¥8.41 Billion |
|
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd
SHE:000758
|
China | CN¥23.09 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
China | CN¥10.04 Billion |
NorthX Nickel 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 - NorthX Nickel 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 - NorthX Nickel Corp. is currently not profitable relative to its asset base.
NorthX Nickel 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 | 1.05 | 3.60 | 1.33 |
| Quick Ratio | 1.05 | 3.60 | 1.33 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $220.75K | $ 1.81 Million | $ 77.51K |
NorthX Nickel Corp. - Advanced Valuation Insights
This section examines the relationship between NorthX Nickel 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 | 3.73 |
| Latest Market Cap to Assets Ratio | 0.38 |
| Asset Growth Rate (YoY) | 2164.1% |
| Total Assets | $7.15 Million |
| Market Capitalization | $2.73 Million USD |
Valuation Analysis
Below Book Valuation: The market values NorthX Nickel Corp.'s assets below their book value (0.38 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: NorthX Nickel Corp.'s assets grew by 2164.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for NorthX Nickel Corp. (2020–2024)
The table below shows the annual total assets of NorthX Nickel Corp. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-09-30 | $7.15 Million | +2164.12% |
| 2022-09-30 | $315.82K | -79.44% |
| 2021-09-30 | $1.54 Million | +606.15% |
| 2020-09-30 | $217.49K | -- |