Headwater Gold Inc
Headwater Gold Inc. engages in the acquisition and exploration of precious metal properties in the United States. It primarily explores for gold. The company was incorporated in 2019 and is based in Vancouver, Canada.
Headwater Gold Inc (HWAUF) - Net Assets
Latest net assets as of November 2025: $6.68 Million USD
Based on the latest financial reports, Headwater Gold Inc (HWAUF) has net assets worth $6.68 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.51 Million) and total liabilities ($3.83 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.68 Million |
| % of Total Assets | 63.58% |
| Annual Growth Rate | 45.52% |
| 5-Year Change | -21.85% |
| 10-Year Change | N/A |
| Growth Volatility | 295.72 |
Headwater Gold Inc - Net Assets Trend (2020–2025)
This chart illustrates how Headwater Gold Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Headwater Gold Inc (2020–2025)
The table below shows the annual net assets of Headwater Gold Inc from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-02-28 | $6.56 Million | -21.93% |
| 2024-02-29 | $8.40 Million | +5.54% |
| 2023-02-28 | $7.96 Million | +44.49% |
| 2022-02-28 | $5.51 Million | -34.35% |
| 2021-02-28 | $8.39 Million | +734.64% |
| 2020-02-29 | $1.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Headwater 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 687909400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (February 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $13.86 Million | 211.34% |
| Total Equity | $6.56 Million | 100.00% |
Headwater Gold Inc Competitors by Market Cap
The table below lists competitors of Headwater Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SFRIF
PINK:SFRIF
|
$1.19K |
|
BONAS IMPORT EXPORT S.A.
RO:BONA
|
$1.19K |
|
Hi Tech Lubricants Ltd
KAR:HTL
|
$1.19K |
|
SHAMARAN PETROL (3B8.SG)
STU:3B8
|
$1.20K |
|
PURPLE CAPITAL
BE:3PU
|
$1.19K |
|
Pak Leather Crafts Limited
KAR:PAKL
|
$1.19K |
|
International Endeavors Corp
PINK:IDVV
|
$1.19K |
|
EXCELSIOR MNG
BE:3XS
|
$1.19K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Headwater Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,397,928 to 6,555,946, a change of -1,841,982 (-21.9%).
- Net loss of 4,179,419 reduced equity.
- New share issuances of 1,540,000 increased equity.
- Other factors increased equity by 797,437.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.18 Million | -63.75% |
| Share Issuances | $1.54 Million | +23.49% |
| Other Changes | $797.44K | +12.16% |
| Total Change | $- | -21.93% |
Book Value vs Market Value Analysis
This analysis compares Headwater 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: 1.33x
- 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 6.09x to 1.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-02-29 | $0.02 | $0.12 | x |
| 2021-02-28 | $0.17 | $0.12 | x |
| 2022-02-28 | $0.11 | $0.12 | x |
| 2023-02-28 | $0.13 | $0.12 | x |
| 2024-02-29 | $0.13 | $0.12 | x |
| 2025-02-28 | $0.09 | $0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Headwater 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): -63.75%
- 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: 1.72x
- Recent ROE (-63.75%) is below the historical average (-26.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -41.30% | 0.00% | 0.00x | 1.08x | $-515.63K |
| 2021 | 14.15% | 0.00% | 0.00x | 1.08x | $347.74K |
| 2022 | -55.63% | 0.00% | 0.00x | 1.05x | $-3.61 Million |
| 2023 | -12.99% | 0.00% | 0.00x | 1.10x | $-1.83 Million |
| 2024 | 2.51% | 0.00% | 0.00x | 1.27x | $-629.11K |
| 2025 | -63.75% | 0.00% | 0.00x | 1.72x | $-4.84 Million |
Industry Comparison
This section compares Headwater Gold Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Headwater Gold Inc (HWAUF) | $6.68 Million | -41.30% | 0.57x | $1.19K |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |