Headwater Exploration Inc (HWX) — Net Asset Quality Index
Headwater Exploration Inc (HWX) has a Net Asset Quality Index of 73.6% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$1.03 Billion minus total liabilities of CA$272.16 Million yields net assets of CA$757.57 Million. A higher index indicates a stronger, lower-leverage balance sheet. Read total liabilities of Headwater Exploration Inc for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Headwater Exploration Inc Net Asset Quality Index Over Time (1995–2025)
This chart shows how Headwater Exploration Inc's Net Asset Quality Index has evolved across 31 annual periods from 1995 to 2025. As of March 2026, the index stands at 73.6%, representing net assets of CA$757.57 Million against total assets of CA$1.03 Billion CAD. For live market cap and overall valuation, see market value of Headwater Exploration Inc.
Annual Net Asset Quality Index for Headwater Exploration Inc (1995–2025)
The table below presents the year-by-year Net Asset Quality Index for Headwater Exploration Inc from 1995 to 2025, covering 31 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check HWX capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 75.2% | CA$748.15 Million | CA$995.17 Million | CA$247.01 Million | ▲ +1.8 pp |
| 2024 | 73.4% | CA$699.46 Million | CA$952.64 Million | CA$253.18 Million | ▲ +0.4 pp |
| 2023 | 73.0% | CA$610.50 Million | CA$836.34 Million | CA$225.84 Million | ▼ -1.0 pp |
| 2022 | 73.9% | CA$543.34 Million | CA$734.74 Million | CA$191.41 Million | ▼ -7.4 pp |
| 2021 | 81.4% | CA$397.79 Million | CA$488.81 Million | CA$91.02 Million | ▼ -8.1 pp |
| 2020 | 89.5% | CA$269.03 Million | CA$300.69 Million | CA$31.66 Million | ▲ +0.4 pp |
| 2019 | 89.1% | CA$114.31 Million | CA$128.27 Million | CA$13.96 Million | ▼ 0.0 pp |
| 2018 | 89.1% | CA$111.70 Million | CA$125.30 Million | CA$13.60 Million | ▼ -0.7 pp |
| 2017 | 89.9% | CA$111.74 Million | CA$124.36 Million | CA$12.62 Million | ▲ +0.2 pp |
| 2016 | 89.7% | CA$93.80 Million | CA$104.62 Million | CA$10.81 Million | ▼ -2.6 pp |
| 2015 | 92.3% | CA$122.82 Million | CA$133.07 Million | CA$10.25 Million | ▼ -0.5 pp |
| 2014 | 92.8% | CA$154.27 Million | CA$166.27 Million | CA$12.00 Million | ▼ -1.8 pp |
| 2013 | 94.6% | CA$171.40 Million | CA$181.26 Million | CA$9.86 Million | ▲ +0.4 pp |
| 2012 | 94.2% | CA$148.80 Million | CA$157.98 Million | CA$9.18 Million | ▼ -1.5 pp |
| 2011 | 95.6% | CA$195.14 Million | CA$204.02 Million | CA$8.88 Million | ▲ +4.7 pp |
| 2010 | 91.0% | CA$263.55 Million | CA$289.75 Million | CA$26.20 Million | ▲ +1.1 pp |
| 2009 | 89.8% | CA$270.02 Million | CA$300.61 Million | CA$30.59 Million | ▲ +5.3 pp |
| 2008 | 84.5% | CA$271.68 Million | CA$321.40 Million | CA$49.72 Million | ▲ +1.1 pp |
| 2007 | 83.4% | CA$200.42 Million | CA$240.19 Million | CA$39.76 Million | ▼ -3.3 pp |
| 2006 | 86.7% | CA$131.47 Million | CA$151.62 Million | CA$20.15 Million | ▲ +0.1 pp |
| 2005 | 86.6% | CA$58.03 Million | CA$66.98 Million | CA$8.95 Million | ▲ +12.1 pp |
| 2004 | 74.5% | CA$16.93 Million | CA$22.73 Million | CA$5.79 Million | ▲ +3.0 pp |
| 2003 | 71.6% | CA$12.42 Million | CA$17.36 Million | CA$4.93 Million | ▼ -1.3 pp |
| 2002 | 72.9% | CA$12.57 Million | CA$17.24 Million | CA$4.67 Million | ▼ -15.0 pp |
| 2001 | 87.9% | CA$14.44 Million | CA$16.43 Million | CA$1.99 Million | ▼ -8.6 pp |
| 2000 | 96.4% | CA$3.71 Million | CA$3.85 Million | CA$136.75K | ▲ +1.6 pp |
| 1999 | 94.9% | CA$7.81 Million | CA$8.24 Million | CA$422.94K | ▲ +9.4 pp |
| 1998 | 85.5% | CA$7.72 Million | CA$9.04 Million | CA$1.31 Million | ▼ -1.0 pp |
| 1997 | 86.4% | CA$4.56 Million | CA$5.28 Million | CA$716.90K | ▼ -11.4 pp |
| 1996 | 97.8% | CA$1.45 Million | CA$1.48 Million | CA$32.34K | ▲ +25.3 pp |
| 1995 | 72.5% | CA$75.41K | CA$104.00K | CA$28.59K | — |