First Nordic Metals (OSTO:FNMC SDB) Total Assets : kr170.80 Mil (As of Mar. 2025)

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What is First Nordic Metals Total Assets?

First Nordic Metals's Total Assets for the quarter that ended in Mar. 2025 was kr170.80 Mil.

During the past 12 months, First Nordic Metals's average Total Assets Growth Rate was 170.50% per year. During the past 3 years, the average Total Assets Growth Rate was 433.10% per year. During the past 5 years, the average Total Assets Growth Rate was 146.20% per year.

During the past 10 years, First Nordic Metals's highest 3-Year average Total Assets Growth Rate was 433.10%. The lowest was -13.60%. And the median was 37.45%.

Total Assets is connected with ROA %. First Nordic Metals's annualized ROA % for the quarter that ended in Mar. 2025 was -92.37%. Total Assets is also linked to Revenue through Asset Turnover. First Nordic Metals's Asset Turnover for the quarter that ended in Mar. 2025 was 0.00.

First Nordic Metals Total Assets Historical Data

The historical data trend for First Nordic Metals's Total Assets 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.

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First Nordic Metals Total Assets Chart

First Nordic Metals Annual Data

Trend

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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1.56

2.81

10.16

3.85

204.65

First Nordic Metals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Total Assets	Get a 7-Day Free Trial															54.43	54.24	64.82	204.65	170.80

First Nordic Metals Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Nordic Metals's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	178.873	+	25.776
	=	204.65

First Nordic Metals's Total Assets for the quarter that ended in Mar. 2025 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2025 )	+	Total Liabilities (Q: Mar. 2025 )
	=	152.606	+	18.203
	=	170.81

First Nordic Metals (OSTO:FNMC SDB) Total Assets Explanation

Total Assets is connected with ROA %.

First Nordic Metals's annualized ROA % for the quarter that ended in Mar. 2025 is

ROA %	=	Net Income (Q: Mar. 2025 )	/	( (Total Assets (Q: Dec. 2024 )	+	Total Assets (Q: Mar. 2025 ))	/ count )
	=	-173.408	/	( (204.649	+	170.802)	/ 2 )
	=	-173.408	/	187.7255
	=	-92.37 %

Note: The Net Income data used here is four times the quarterly (Mar. 2025) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Nordic Metals's Asset Turnover for the quarter that ended in Mar. 2025 is

	Asset Turnover
=	Revenue (Q: Mar. 2025 )	/	( (Total Assets (Q: Dec. 2024 )	+	Total Assets (Q: Mar. 2025 ))	/ count )
=	0	/	( (204.649	+	170.802)	/ 2 )
=	0	/	187.7255
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Nordic Metals Total Assets Related Terms

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First Nordic Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Nordic Metals Corp (OSTO:FNMC SDB) » Definitions » Total Assets

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FNMCF:USA HEG0:Germany FNM:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.firstnordicmetals.com

First Nordic Metals Corp is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland. The company's flagship asset is the Barsele gold project in northern Sweden. Immediately surrounding the Barsele project, First Nordic is 100%-owner of a district-scale license position comprised of two additional project areas (Paubacken, Storjuktan), which combined with the Barsele project, total ~100 km of strike coverage of the Gold Line greenstone belt. Additionally, in northern Finland, the company is the 100%-owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the gold occurrence on this belt.

First Nordic Metals Headlines

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