Magnetic North Acquisition Corp (MNC) - Total Assets
Based on the latest financial reports, Magnetic North Acquisition Corp (MNC) holds total assets worth CA$1.02 Million CAD (≈ $738.14K USD) as of September 2024. 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 MNC operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Magnetic North Acquisition Corp - Total Assets Trend (2017–2023)
This chart illustrates how Magnetic North Acquisition Corp's total assets have evolved over time, based on quarterly financial data. See Magnetic North Acquisition Corp net assets for net asset value and shareholders' equity analysis.
Magnetic North Acquisition Corp - Asset Composition Analysis
Current Asset Composition (September 2023)
Magnetic North Acquisition Corp's total assets of CA$1.02 Million consist of 97.6% current assets and 2.4% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0.1% |
| Accounts Receivable | CA$4.88K | 0.0% |
| 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 (2017–2023)
This chart illustrates how Magnetic North Acquisition 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. For live market cap, price, and company overview, see market cap of Magnetic North Acquisition Corp.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Magnetic North Acquisition Corp's current assets represent 97.6% of total assets in 2023, a decrease from 99.8% in 2017.
- Cash Position: Cash and equivalents constituted 0.1% of total assets in 2023, down from 9.7% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 0.0% of total assets.
Magnetic North Acquisition Corp Competitors by Total Assets
Key competitors of Magnetic North Acquisition Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Washington H Soul Pattinson & Company Ltd
AU:SOL
|
Australia | AU$15.13 Billion |
|
Futu Holdings Ltd
NASDAQ:FUTU
|
USA | $228.42 Billion |
|
Dongxing Sec Co Ltd
SHG:601198
|
China | CN¥116.39 Billion |
|
SDIC Essence Holdings Co Ltd
SHG:600061
|
China | CN¥387.40 Billion |
|
Soochow Securities Co Ltd
SHG:601555
|
China | CN¥216.96 Billion |
|
Yongan Futures Co.Ltd.
SHG:600927
|
China | CN¥70.72 Billion |
|
Shinyoung Securities Co. Ltd.
KO:001720
|
Korea | ₩12.07 Trillion |
|
HIVE Digital Technologies Ltd.
V:HIVE
|
Canada | CA$624.00 Million |
Magnetic North Acquisition Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.17 | 0.03 | 3.55 |
| Quick Ratio | 0.17 | 0.03 | 3.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-3.33 Million | CA$-1.22 Million | CA$1.57 Million |
Magnetic North Acquisition Corp - Advanced Valuation Insights
This section examines the relationship between Magnetic North Acquisition 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 | 5.70 |
| Latest Market Cap to Assets Ratio | 0.23 |
| Asset Growth Rate (YoY) | 2430.2% |
| Total Assets | CA$14.02 Million |
| Market Capitalization | $3.21 Million USD |
Valuation Analysis
Below Book Valuation: The market values Magnetic North Acquisition Corp's assets below their book value (0.23x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Magnetic North Acquisition Corp's assets grew by 2430.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Magnetic North Acquisition Corp (2017–2023)
The table below shows the annual total assets of Magnetic North Acquisition Corp from 2017 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-09-30 | CA$14.02 Million ≈ $10.14 Million |
+2430.17% |
| 2022-09-30 | CA$554.12K ≈ $400.84K |
-89.43% |
| 2021-09-30 | CA$5.24 Million ≈ $3.79 Million |
-62.15% |
| 2020-09-30 | CA$13.85 Million ≈ $10.02 Million |
+532.93% |
| 2019-09-30 | CA$2.19 Million ≈ $1.58 Million |
+554.08% |
| 2018-09-30 | CA$334.53K ≈ $241.99K |
-11.46% |
| 2017-09-30 | CA$377.81K ≈ $273.30K |
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About Magnetic North Acquisition Corp
Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software … Read more