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Canada Nickel CoTSXV:CNC -3.16%37 Return-on-Tangible-Equity is -14.58% as of Apr. 2026. GuruFocus rates TSXV:CNC with a GF Score™ of 37/100. The stock has 1 warning sign investors should review. Among 2,385 Metals & Mining companies, Canada Nickel Co ranks better than 55.72% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Canada Nickel Co's annualized net income for the quarter that ended in Apr. 2026 was C$-34.54 Mil. Canada Nickel Co's average shareholder tangible equity for the quarter that ended in Apr. 2026 was C$236.93 Mil. Therefore, Canada Nickel Co's annualized Return-on-Tangible-Equity for the quarter that ended in Apr. 2026 was -14.58%.
The historical rank and industry rank for Canada Nickel Co's Return-on-Tangible-Equity or its related term are showing as below:
TSXV:CNC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.21 Med: -10.08 Max: -1.78
Current: -11.06
During the past 6 years, Canada Nickel Co's highest Return-on-Tangible-Equity was -1.78%. The lowest was -16.21%. And the median was -10.08%.
TSXV:CNC's Return-on-Tangible-Equity is ranked better than 55.72% of 2385
companies
in the Metals & Mining industry
Industry Median: -16.49
vs TSXV:CNC: -11.06
Canada Nickel Co (TSXV:CNC) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Canada Nickel Co Return-on-Tangible-Equity Related Terms
Canada Nickel Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Canada Nickel Co's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Canada Nickel Co Return-on-Tangible-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Canada Nickel Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Canada Nickel Co Return-on-Tangible-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Canada Nickel Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Canada Nickel Co's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Apr. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -14.58% mean?
Canada Nickel Co (TSXV:CNC) has a Return-on-Tangible-Equity of -14.58% as of Apr. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Canada Nickel Co and its competitors. According to the industry distribution chart, Canada Nickel Co ranks #1056 out of 2385 companies in the Metals & Mining industry, placing it in the top 44.3%.
Is Canada Nickel Co's Return-on-Tangible-Equity too high?
Canada Nickel Co's current Return-on-Tangible-Equity is -14.58%. Based on the distribution chart, Canada Nickel Co ranks #1056 out of 2385 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Canada Nickel Co has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Canada Nickel Co's Return-on-Tangible-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Canada Nickel Co ranks #1056 out of 2385 companies for Return-on-Tangible-Equity. This puts Canada Nickel Co in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Metals & Mining company?
A good Return-on-Tangible-Equity depends on the Metals & Mining industry context. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Canada Nickel Co and its competitors. Canada Nickel Co's current Return-on-Tangible-Equity is -14.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canada Nickel Co stock overvalued right now?
Canada Nickel Co (TSXV:CNC) has a current Return-on-Tangible-Equity of -14.58%. The current Return-on-Tangible-Equity is -14.58%. Canada Nickel Co's overall GF Score™ is 37/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Canada Nickel Co (TSXV:CNC), the current Return-on-Tangible-Equity is -14.58% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Canada Nickel Co Inc is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. The company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions.
37GF Score
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