Whitehaven Coal Ltd (WHC) - Net Assets

Latest as of June 2025: AU$5.70 Billion AUD ≈ $4.03 Billion USD

Based on the latest financial reports, Whitehaven Coal Ltd (WHC) has net assets worth AU$5.70 Billion AUD (≈ $4.03 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$11.83 Billion ≈ $8.37 Billion USD) and total liabilities (AU$6.12 Billion ≈ $4.33 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Whitehaven Coal Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$5.70 Billion
% of Total Assets	48.21%
Annual Growth Rate	32.32%
5-Year Change	110.7%
10-Year Change	97.35%
Growth Volatility	90.43

Whitehaven Coal Ltd - Net Assets Trend (2003–2025)

This chart illustrates how Whitehaven Coal Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Whitehaven Coal Ltd total assets for the complete picture of this company's asset base.

Annual Net Assets for Whitehaven Coal Ltd (2003–2025)

The table below shows the annual net assets of Whitehaven Coal Ltd from 2003 to 2025. For live valuation and market cap data, see how much is Whitehaven Coal Ltd worth.

Year	Net Assets	Change
2025-06-30	AU$5.70 Billion ≈ $4.03 Billion	+8.16%
2024-06-30	AU$5.27 Billion ≈ $3.73 Billion	+0.20%
2023-06-30	AU$5.26 Billion ≈ $3.72 Billion	+24.90%
2022-06-30	AU$4.21 Billion ≈ $2.98 Billion	+55.66%
2021-06-30	AU$2.71 Billion ≈ $1.91 Billion	-16.74%
2020-06-30	AU$3.25 Billion ≈ $2.30 Billion	-7.74%
2019-06-30	AU$3.52 Billion ≈ $2.49 Billion	+1.13%
2018-06-30	AU$3.48 Billion ≈ $2.46 Billion	+5.79%
2017-06-30	AU$3.29 Billion ≈ $2.33 Billion	+13.97%
2016-06-30	AU$2.89 Billion ≈ $2.04 Billion	+0.83%
2015-06-30	AU$2.87 Billion ≈ $2.03 Billion	-10.65%
2014-06-30	AU$3.21 Billion ≈ $2.27 Billion	-2.75%
2013-06-30	AU$3.30 Billion ≈ $2.33 Billion	-3.34%
2012-06-30	AU$3.41 Billion ≈ $2.41 Billion	+227.82%
2011-06-30	AU$1.04 Billion ≈ $736.25 Million	+1.70%
2010-06-30	AU$1.02 Billion ≈ $723.96 Million	+41.55%
2009-06-30	AU$722.85 Million ≈ $511.46 Million	+47.66%
2008-06-30	AU$489.53 Million ≈ $346.37 Million	+93.91%
2007-06-30	AU$252.46 Million ≈ $178.63 Million	+19.08%
2006-06-30	AU$212.00 Million ≈ $150.00 Million	+306.11%
2005-06-30	AU$52.20 Million ≈ $36.94 Million	+265.39%
2004-06-30	AU$14.29 Million ≈ $10.11 Million	+18.74%
2003-06-30	AU$12.03 Million ≈ $8.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Whitehaven Coal Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 35967.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$3.98 Billion	69.79%
Common Stock	AU$1.67 Billion	29.35%
Other Comprehensive Income	AU$49.00 Million	0.86%
Total Equity	AU$5.70 Billion	100.00%

Whitehaven Coal Ltd Competitors by Market Cap

The table below lists competitors of Whitehaven Coal Ltd ranked by their market capitalization.

Company	Market Cap
Changsha Jingjia Microelectronics Co Ltd SHE:300474	$5.05 Billion
NEPI Rockcastle PLC AS:NRP	$5.05 Billion
Boc International China Co Ltd SHG:601696	$5.05 Billion
Beijing Easpring Material Tech SHE:300073	$5.05 Billion
CTS Eventim AG & Co. KGaA XETRA:EVD	$5.04 Billion
Pepco Group B.V. WAR:PCO	$5.04 Billion
EZconn Corp TW:6442	$5.04 Billion
Enstar Group Limited NASDAQ:ESGR	$5.04 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Whitehaven Coal Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,271,000,000 to 5,701,000,000, a change of 430,000,000 (8.2%).
Net income of 649,000,000 contributed positively to equity growth.
Dividend payments of 176,000,000 reduced retained earnings.
Share repurchases of 23,000,000 reduced equity.
Other comprehensive income decreased equity by 2,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$649.00 Million	+11.38%
Dividends Paid	AU$176.00 Million	-3.09%
Share Repurchases	AU$23.00 Million	-0.4%
Other Comprehensive Income	AU$-2.00 Million	-0.04%
Other Changes	AU$-18.00 Million	-0.32%
Total Change	AU$-	8.16%

Book Value vs Market Value Analysis

This analysis compares Whitehaven Coal Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.23x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 30.12x to 1.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-06-30	AU$0.29	AU$8.63	x
2008-06-30	AU$1.36	AU$8.63	x
2009-06-30	AU$1.78	AU$8.63	x
2010-06-30	AU$2.14	AU$8.63	x
2011-06-30	AU$2.11	AU$8.63	x
2012-06-30	AU$5.87	AU$8.63	x
2013-06-30	AU$3.34	AU$8.63	x
2014-06-30	AU$3.22	AU$8.63	x
2015-06-30	AU$2.89	AU$8.63	x
2016-06-30	AU$2.89	AU$8.63	x
2017-06-30	AU$3.30	AU$8.63	x
2018-06-30	AU$3.46	AU$8.63	x
2019-06-30	AU$3.50	AU$8.63	x
2020-06-30	AU$3.24	AU$8.63	x
2021-06-30	AU$2.72	AU$8.63	x
2022-06-30	AU$4.21	AU$8.63	x
2023-06-30	AU$5.97	AU$8.63	x
2024-06-30	AU$6.51	AU$8.63	x
2025-06-30	AU$7.04	AU$8.63	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Whitehaven Coal Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.38%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.13%
• Asset Turnover: 0.49x
• Equity Multiplier: 2.07x
Recent ROE (11.38%) is below the historical average (11.71%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	23.40%	7.49%	1.06x	2.96x	AU$1.61 Million
2004	15.78%	5.06%	1.28x	2.43x	AU$826.30K
2005	31.83%	22.42%	0.90x	1.57x	AU$11.40 Million
2006	6.43%	15.34%	0.24x	1.77x	AU$-7.56 Million
2007	9.54%	22.45%	0.30x	1.40x	AU$-1.15 Million
2008	10.59%	20.22%	0.41x	1.27x	AU$2.90 Million
2009	33.78%	49.31%	0.49x	1.39x	AU$171.93 Million
2010	11.23%	27.93%	0.30x	1.32x	AU$12.57 Million
2011	0.96%	1.60%	0.43x	1.41x	AU$-94.11 Million
2012	1.86%	10.12%	0.14x	1.28x	AU$-274.34 Million
2013	-2.50%	-13.21%	0.15x	1.27x	AU$-410.57 Million
2014	-1.20%	-5.08%	0.18x	1.34x	AU$-357.72 Million
2015	-11.54%	-42.72%	0.18x	1.46x	AU$-617.02 Million
2016	0.71%	1.75%	0.29x	1.41x	AU$-268.28 Million
2017	12.31%	22.76%	0.45x	1.20x	AU$76.14 Million
2018	15.09%	23.21%	0.49x	1.33x	AU$177.29 Million
2019	14.99%	21.18%	0.51x	1.38x	AU$175.68 Million
2020	0.92%	1.74%	0.32x	1.67x	AU$-294.92 Million
2021	-20.10%	-34.93%	0.33x	1.72x	AU$-814.49 Million
2022	46.35%	39.67%	0.79x	1.48x	AU$1.53 Billion
2023	50.72%	43.99%	0.80x	1.45x	AU$2.14 Billion
2024	6.73%	9.28%	0.29x	2.52x	AU$-172.10 Million
2025	11.38%	11.13%	0.49x	2.07x	AU$78.90 Million

Industry Comparison

This section compares Whitehaven Coal Ltd's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $416,183,569
Average return on equity (ROE) among peers: -10.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Whitehaven Coal Ltd (WHC)	AU$5.70 Billion	23.40%	1.07x	$5.04 Billion
Australian Pacific Coal Ltd (AQC)	$13.55 Million	-92.40%	1.81x	$3.22 Million
Austchina Holdings Ltd (AUH)	$16.45 Million	-3.71%	0.23x	$4.99 Million
MC Mining Ltd (MCM)	$75.41 Million	-18.99%	0.53x	$149.25 Million
New Hope Corporation Ltd (NHC)	$1.75 Billion	-3.07%	0.15x	$3.30 Billion
Pacific Resources Limited (PXR)	$16.73 Million	-7.01%	0.10x	$2.55 Million
REY Resources Ltd (REY)	$-53.00K	0.00%	0.00x	$4.04 Million
Terracom Ltd (TER)	$70.44 Million	36.03%	5.99x	$88.98 Million
White Energy Company Ltd (WEC)	$40.21 Million	-1.10%	0.09x	$17.18 Million
Yancoal Australia Ltd (YAL)	$1.76 Billion	0.00%	2.13x	$7.18 Billion

About Whitehaven Coal Ltd

AU:WHC Australia Thermal Coal

Market Cap

$5.04 Billion

AU$7.13 Billion AUD

Market Cap Rank

#3566 Global

#80 in Australia

Share Price

AU$8.63

Change (1 day)

+2.62%

52-Week Range

AU$4.98 - AU$9.84

All Time High

AU$9.84