Northern Sphere Mining Corp
Northern Sphere Mining Corp., a mineral exploration company, focuses on the acquisition, exploration, and development of precious and base metal projects. The company was formerly known as Argentium Resources Inc. and changed its name to Northern Sphere Mining Corp. in August 2015. Northern Sphere Mining Corp. is headquartered in Toronto, Canada.
Northern Sphere Mining Corp (NSMCF) - Total Assets
Latest total assets as of September 2018: $344.53K USD
Based on the latest financial reports, Northern Sphere Mining Corp (NSMCF) holds total assets worth $344.53K USD as of September 2018.
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.
Northern Sphere Mining Corp - Total Assets Trend (2009–2017)
This chart illustrates how Northern Sphere Mining Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Northern Sphere Mining Corp - Asset Composition Analysis
Current Asset Composition (December 2017)
Northern Sphere Mining Corp's total assets of $344.53K consist of 48.0% current assets and 52.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 39.7% |
| Accounts Receivable | $32.33K | 4.8% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $349.95K | 52.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2009–2017)
This chart illustrates how Northern Sphere Mining 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: Northern Sphere Mining Corp's current assets represent 48.0% of total assets in 2017, an increase from 2.2% in 2009.
- Cash Position: Cash and equivalents constituted 39.7% of total assets in 2017, up from 0.6% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2009.
- Asset Diversification: The largest asset category is property, plant & equipment at 52.0% of total assets.
Northern Sphere Mining Corp Competitors by Total Assets
Key competitors of Northern Sphere Mining 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 |
Northern Sphere Mining 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 - Northern Sphere Mining Corp generates 0.01x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Northern Sphere Mining Corp is currently not profitable relative to its asset base.
Northern Sphere Mining 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 | 0.06 | 0.33 | 0.30 |
| Quick Ratio | 0.06 | 0.33 | 0.30 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-401.02K | $ -1.57 Million | $ -496.43K |
Northern Sphere Mining Corp - Advanced Valuation Insights
This section examines the relationship between Northern Sphere Mining 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -23.8% |
| Total Assets | $673.12K |
| Market Capitalization | $2.42K USD |
Valuation Analysis
Below Book Valuation: The market values Northern Sphere Mining Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Northern Sphere Mining Corp's assets decreased by 23.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Northern Sphere Mining Corp (2009–2017)
The table below shows the annual total assets of Northern Sphere Mining Corp from 2009 to 2017.
| Year | Total Assets | Change |
|---|---|---|
| 2017-12-31 | $673.12K | -23.83% |
| 2016-12-31 | $883.69K | -50.84% |
| 2015-12-31 | $1.80 Million | +11.76% |
| 2014-12-31 | $1.61 Million | -47.02% |
| 2013-12-31 | $3.04 Million | -0.30% |
| 2012-12-31 | $3.04 Million | -6.06% |
| 2011-12-31 | $3.24 Million | +1428.54% |
| 2010-12-31 | $212.04K | +492.40% |
| 2009-12-31 | $35.79K | -- |