North American Financial 15 (FFN) - Total Assets
Based on the latest financial reports, North American Financial 15 (FFN) holds total assets worth CA$1.01 Billion CAD (≈ $727.44 Million USD) as of May 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. Explore cash flow to debt ratio of North American Financial 15 to assess how comfortably operating cash covers total debt obligations.
North American Financial 15 - Total Assets Trend (2006–2024)
This chart illustrates how North American Financial 15's total assets have evolved over time, based on quarterly financial data. See FFN net asset value for net asset value and shareholders' equity analysis.
North American Financial 15 - Asset Composition Analysis
Current Asset Composition (November 2024)
North American Financial 15's total assets of CA$1.01 Billion consist of 10.1% current assets and 89.9% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 10.0% |
| Accounts Receivable | CA$1.52 Million | 0.1% |
| Inventory | CA$0.00 | 0.0% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2006–2024)
This chart illustrates how North American Financial 15'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. For live market cap, price, and company overview, see North American Financial 15 market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: North American Financial 15's current assets represent 10.1% of total assets in 2024, an increase from 7.4% in 2006.
- Cash Position: Cash and equivalents constituted 10.0% of total assets in 2024, up from 7.2% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2006.
- Asset Diversification: The largest asset category is accounts receivable at 0.1% of total assets.
North American Financial 15 Competitors by Total Assets
Key competitors of North American Financial 15 based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eagle Point Income Company Inc
NYSE:EIC
|
USA | $542.28 Million |
|
Svolder AB (publ)
ST:SVOL-A
|
Sweden | Skr5.37 Billion |
|
Argo Investments Ltd
AU:ARG
|
Australia | AU$7.91 Billion |
|
REINET INVESTMENTS S.C.A.
F:RNT
|
Germany | €6.92 Billion |
|
Reinet Investments SCA
JSE:RNI
|
South Africa | ZAC158.10 Billion |
|
Sprott Physical Silver
TO:PSLV
|
Canada | CA$9.40 Billion |
|
Norte Grande
SN:NORTEGRAN
|
Chile | CL$2.96 Billion |
|
Sprott Inc.
TO:SII
|
Canada | CA$720.71 Million |
North American Financial 15 - 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 | 9.09 | 6.53 | 72.39 |
| Quick Ratio | 9.09 | 8.31 | 72.39 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$98.39 Million | CA$54.60 Million | CA$206.22 Million |
North American Financial 15 - Advanced Valuation Insights
This section examines the relationship between North American Financial 15'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 | 1.30 |
| Latest Market Cap to Assets Ratio | 0.42 |
| Asset Growth Rate (YoY) | 50.3% |
| Total Assets | CA$1.09 Billion |
| Market Capitalization | $457.64 Million USD |
Valuation Analysis
Below Book Valuation: The market values North American Financial 15's assets below their book value (0.42x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: North American Financial 15's assets grew by 50.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for North American Financial 15 (2006–2024)
The table below shows the annual total assets of North American Financial 15 from 2006 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-11-30 | CA$1.09 Billion ≈ $790.33 Million |
+50.32% |
| 2023-11-30 | CA$726.79 Million ≈ $525.75 Million |
-10.54% |
| 2022-11-30 | CA$812.44 Million ≈ $587.70 Million |
+36.39% |
| 2021-11-30 | CA$595.69 Million ≈ $430.91 Million |
+156.03% |
| 2020-11-30 | CA$232.66 Million ≈ $168.31 Million |
-25.05% |
| 2019-11-30 | CA$310.41 Million ≈ $224.55 Million |
+2.81% |
| 2018-11-30 | CA$301.93 Million ≈ $218.41 Million |
+5.17% |
| 2017-11-30 | CA$287.10 Million ≈ $207.68 Million |
+81.08% |
| 2016-11-30 | CA$158.54 Million ≈ $114.69 Million |
+5.40% |
| 2015-11-30 | CA$150.42 Million ≈ $108.82 Million |
+14.99% |
| 2014-11-30 | CA$130.82 Million ≈ $94.63 Million |
+37.05% |
| 2013-11-30 | CA$95.45 Million ≈ $69.05 Million |
+22.24% |
| 2012-11-30 | CA$78.09 Million ≈ $56.49 Million |
+11.83% |
| 2011-11-30 | CA$69.83 Million ≈ $50.51 Million |
-16.25% |
| 2010-11-30 | CA$83.38 Million ≈ $60.32 Million |
-5.19% |
| 2009-11-30 | CA$87.95 Million ≈ $63.62 Million |
+5.17% |
| 2008-11-30 | CA$83.63 Million ≈ $60.49 Million |
-45.64% |
| 2007-11-30 | CA$153.83 Million ≈ $111.28 Million |
-13.97% |
| 2006-11-30 | CA$178.82 Million ≈ $129.36 Million |
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About North American Financial 15
North American Financial 15 Split Corp. is an equity mutual fund launched by Quadravest Inc. It is managed by Quadravest Capital Management Inc. The fund invests in public equity markets of United States and Canada. It invests in high quality portfolio of preferred shares and Class A shares of 15 financial services companies. The fund employs investment strategy along with fundamental based equit… Read more