Northern Shield Resources Inc. (NRN) - Total Assets

Latest as of September 2025: CA$3.43 Million CAD ≈ $2.48 Million USD

Based on the latest financial reports, Northern Shield Resources Inc. (NRN) holds total assets worth CA$3.43 Million CAD (≈ $2.48 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. See what is Northern Shield Resources Inc.'s book value for net asset value and shareholders' equity analysis.

Northern Shield Resources Inc. - Total Assets Trend (2002–2024)

This chart illustrates how Northern Shield Resources Inc.'s total assets have evolved over time, based on quarterly financial data.

Northern Shield Resources Inc. - Asset Composition Analysis

Current Asset Composition (December 2024)

Northern Shield Resources Inc.'s total assets of CA$3.43 Million consist of 16.9% current assets and 83.1% non-current assets.

Asset Category	Amount (CAD)	% of Total Assets
Cash & Equivalents	CA$0.00	13.0%
Accounts Receivable	CA$46.82K	1.6%
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 (2002–2024)

This chart illustrates how Northern Shield Resources Inc.'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 how much is Northern Shield Resources Inc. worth.

Show as percentage

Key Asset Composition Facts

Current vs. Non-Current Assets: Northern Shield Resources Inc.'s current assets represent 16.9% of total assets in 2024, a decrease from 97.0% in 2002.
Cash Position: Cash and equivalents constituted 13.0% of total assets in 2024, down from 87.5% in 2002.
Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2002.
Asset Diversification: The largest asset category is accounts receivable at 1.6% of total assets.

Northern Shield Resources Inc. Competitors by Total Assets

Key competitors of Northern Shield Resources Inc. based on total assets are shown below.

Company	Country	Total Assets
Pilbara Minerals Ltd AU:PLS	Australia	AU$4.70 Billion
Almonty Industries Inc AU:AII	Australia	AU$589.73 Million
Almonty Industries Inc TO:AII	Canada	CA$433.14 Million
Nanning Chemical Industry Co Ltd SHG:600301	China	CN¥8.36 Billion
Rising Nonferrous Metals Share Co Ltd SHG:600259	China	CN¥8.11 Billion
Yunnan Chihong Zinc&Germanium Co Ltd SHG:600497	China	CN¥25.91 Billion
Sichuan Yahua Industrial Group Co Ltd SHE:002497	China	CN¥14.48 Billion
Skeena Resources Ltd TO:SKE	Canada	CA$647.20 Million

Northern Shield Resources Inc. - 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	0.67	0.46	4.03
Quick Ratio	0.67	0.46	4.03
Cash Ratio	0.00	0.00	0.00
Working Capital	CA$-174.71K	CA$-237.21K	CA$1.47 Million

Northern Shield Resources Inc. - Advanced Valuation Insights

This section examines the relationship between Northern Shield Resources Inc.'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	2.11
Latest Market Cap to Assets Ratio	1.48
Asset Growth Rate (YoY)	-50.6%
Total Assets	CA$2.98 Million
Market Capitalization	$4.41 Million USD

Valuation Analysis

Above Book Valuation: The market values Northern Shield Resources Inc.'s assets above their book value (1.48x), reflecting positive investor sentiment about the company's future prospects.

Significant Asset Reduction: Northern Shield Resources Inc.'s assets decreased by 50.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.

Annual Total Assets for Northern Shield Resources Inc. (2002–2024)

The table below shows the annual total assets of Northern Shield Resources Inc. from 2002 to 2024.

Year	Total Assets	Change
2024-12-31	CA$2.98 Million ≈ $2.15 Million	-50.56%
2023-12-31	CA$6.02 Million ≈ $4.35 Million	+4.35%
2022-12-31	CA$5.77 Million ≈ $4.17 Million	+1.01%
2021-12-31	CA$5.71 Million ≈ $4.13 Million	+3.86%
2020-12-31	CA$5.50 Million ≈ $3.98 Million	+95.88%
2019-12-31	CA$2.81 Million ≈ $2.03 Million	+52.23%
2018-12-31	CA$1.84 Million ≈ $1.33 Million	-35.86%
2017-12-31	CA$2.87 Million ≈ $2.08 Million	-25.58%
2016-12-31	CA$3.86 Million ≈ $2.79 Million	+559.58%
2015-12-31	CA$585.57K ≈ $423.59K	-85.68%
2014-12-31	CA$4.09 Million ≈ $2.96 Million	-54.83%
2013-12-31	CA$9.05 Million ≈ $6.55 Million	-12.70%
2012-12-31	CA$10.37 Million ≈ $7.50 Million	+39.23%
2011-12-31	CA$7.45 Million ≈ $5.39 Million	+33.43%
2010-12-31	CA$5.58 Million ≈ $4.04 Million	+21.69%
2009-12-31	CA$4.59 Million ≈ $3.32 Million	-6.09%
2008-12-31	CA$4.89 Million ≈ $3.53 Million	+66.50%
2007-12-31	CA$2.93 Million ≈ $2.12 Million	-6.35%
2006-12-31	CA$3.13 Million ≈ $2.27 Million	+13.48%
2005-12-31	CA$2.76 Million ≈ $2.00 Million	+13.87%
2004-12-31	CA$2.42 Million ≈ $1.75 Million	+82.83%
2003-12-31	CA$1.33 Million ≈ $959.31K	+625.70%
2002-12-31	CA$182.74K ≈ $132.19K	--

About Northern Shield Resources Inc.

V:NRN Canada Other Industrial Metals & Mining

Market Cap

$4.41 Million

CA$6.09 Million CAD

Market Cap Rank

#28597 Global

#1319 in Canada

Share Price

CA$0.05

Change (1 day)

+0.00%

52-Week Range

CA$0.04 - CA$0.12

All Time High

CA$1.30