WESTWARD GOLD INC. (IM50) - Net Assets
Based on the latest financial reports, WESTWARD GOLD INC. (IM50) has net assets worth €18.18 Million EUR (≈ $21.26 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€18.37 Million ≈ $21.47 Million USD) and total liabilities (€185.59K ≈ $216.97K 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 IM50 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.18 Million |
| % of Total Assets | 98.99% |
| Annual Growth Rate | 9.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.67 |
WESTWARD GOLD INC. - Net Assets Trend (2022–2025)
This chart illustrates how WESTWARD GOLD INC.'s net assets have evolved over time, based on quarterly financial data. See IM50 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for WESTWARD GOLD INC. (2022–2025)
The table below shows the annual net assets of WESTWARD GOLD INC. from 2022 to 2025. For live valuation and market cap data, see IM50 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €10.09 Million ≈ $11.79 Million |
+17.88% |
| 2024-03-31 | €8.56 Million ≈ $10.01 Million |
+8.10% |
| 2023-03-31 | €7.92 Million ≈ $9.26 Million |
+4.45% |
| 2022-03-31 | €7.58 Million ≈ $8.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WESTWARD GOLD INC.'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 decreased by 435405000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €16.68 Million | 165.31% |
| Total Equity | €10.09 Million | 100.00% |
WESTWARD GOLD INC. Competitors by Market Cap
The table below lists competitors of WESTWARD GOLD INC. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Digital Graphics Incorporation
KQ:043360
|
$15.98 Million |
|
KAP AG
F:IUR
|
$15.98 Million |
|
The Navakij Insurance Public Company Limited
BK:NKI
|
$15.99 Million |
|
Turbo Mech Bhd
KLSE:5167
|
$16.00 Million |
|
Marwynn Holdings, Inc. Common stock
NASDAQ:MWYN
|
$15.96 Million |
|
Starbreeze AB (publ)
ST:STAR-B
|
$15.95 Million |
|
Vinpai SAS
PA:ALVIN
|
$15.94 Million |
|
Securemetric Berhad
KLSE:0203
|
$15.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WESTWARD GOLD INC.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,558,541 to 10,088,409, a change of 1,529,868 (17.9%).
- Net loss of 1,348,962 reduced equity.
- New share issuances of 2,430,600 increased equity.
- Other factors increased equity by 448,230.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-1.35 Million | -13.37% |
| Share Issuances | €2.43 Million | +24.09% |
| Other Changes | €448.23K | +4.44% |
| Total Change | €- | 17.88% |
Book Value vs Market Value Analysis
This analysis compares WESTWARD GOLD INC.'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: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.52x to 0.76x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | €0.11 | €0.06 | x |
| 2023-03-31 | €0.10 | €0.06 | x |
| 2024-03-31 | €0.09 | €0.06 | x |
| 2025-03-31 | €0.08 | €0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WESTWARD GOLD INC. 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): -13.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.02x
- Recent ROE (-13.37%) is above the historical average (-18.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -24.12% | 0.00% | 0.00x | 1.02x | €-2.59 Million |
| 2023 | -18.18% | 0.00% | 0.00x | 1.03x | €-2.23 Million |
| 2024 | -18.29% | 0.00% | 0.00x | 1.05x | €-2.42 Million |
| 2025 | -13.37% | 0.00% | 0.00x | 1.02x | €-2.36 Million |
Industry Comparison
This section compares WESTWARD GOLD INC.'s net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $3,683,175,532
- Average return on equity (ROE) among peers: -71.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WESTWARD GOLD INC. (IM50) | €18.18 Million | -24.12% | 0.01x | $15.97 Million |
| Pearl Gold AG (02P) | $69.49 Million | -0.87% | 1.02x | $8.77 Million |
| NEWPATH RESOURCES INC. (0MZ) | $-104.03K | 0.00% | 0.00x | $556.56K |
| SHAND.GOLD MNG LTD H HD 1 (188H) | $36.70 Billion | 3.40% | 1.47x | $2.98 Billion |
| Asante Gold Corporation (1A9) | $1.04 Million | -82.24% | 3.01x | $530.27 Million |
| American Pacific Mining Corp (1QC1) | $1.15 Million | -318.04% | 0.15x | $19.08 Million |
| SITKA GOLD CORP (1RF) | $43.88 Million | -7.79% | 0.14x | $236.82 Million |
| WALKER RIVER RES CORP (1WV0) | $8.41 Million | -20.86% | 0.06x | $10.69 Million |
| CLARITY METALS CORP. (27G0) | $-492.87K | 0.00% | 0.00x | $1.67 Million |
| SIXTY NORTH GOLD MIN.LTD. (2F40) | $6.26 Million | -11.38% | 0.01x | $16.59 Million |
| GREENHAWK RESOURCES INC. (2V70) | $5.66 Million | -275.28% | 0.01x | $43.10K |
About WESTWARD GOLD INC.
Westward Gold Inc., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of mineral resource properties in the United States. The company's flagship property comprises 100% owned the Toiyabe Gold project consists of 165 unpatented mining claims covering an area of approximately 1,340 hectares located in Lander County, Nevada. The company was formerly… Read more