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
Westward Gold Inc (WGLIF) - Net Assets
Latest net assets as of September 2025: $13.50 Million USD
Based on the latest financial reports, Westward Gold Inc (WGLIF) has net assets worth $13.50 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.91 Million) and total liabilities ($419.14K). 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 | $13.50 Million |
| % of Total Assets | 96.99% |
| Annual Growth Rate | 131.59% |
| 5-Year Change | 693.59% |
| 10-Year Change | N/A |
| Growth Volatility | 188.79 |
Westward Gold Inc - Net Assets Trend (2018–2025)
This chart illustrates how Westward 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 Westward Gold Inc (2018–2025)
The table below shows the annual net assets of Westward Gold Inc from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $10.09 Million | +17.88% |
| 2024-03-31 | $8.56 Million | +8.10% |
| 2023-03-31 | $7.92 Million | +4.45% |
| 2022-03-31 | $7.58 Million | +496.29% |
| 2021-03-31 | $1.27 Million | +358.87% |
| 2020-03-31 | $277.04K | +119.01% |
| 2019-03-31 | $126.50K | +348.26% |
| 2018-03-31 | $28.22K | -- |
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 654204500.0% 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 |
|---|---|
|
Yieh United Steel
TWO:9957
|
$12.28 Million |
|
Enersense International Oyj
HE:ESENSE
|
$12.28 Million |
|
Jackpot Digital Inc
OTCQB:JPOTF
|
$12.28 Million |
|
SENSEONICS HLGS.INC.-001
F:6L6
|
$12.28 Million |
|
AmanahRaya Real Estate Investment Trust
KLSE:5127
|
$12.27 Million |
|
FAR Limited
PINK:FARYF
|
$12.27 Million |
|
Nordicus Partners Corporation
OTCQB:NORD
|
$12.27 Million |
|
NUTRIBAND INC. DL -001
F:9WV
|
$12.26 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: 0.81x
- 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 decreased from 22.85x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | $0.00 | $0.06 | x |
| 2019-03-31 | $0.01 | $0.06 | x |
| 2020-03-31 | $0.03 | $0.06 | x |
| 2021-03-31 | $0.06 | $0.06 | x |
| 2022-03-31 | $0.16 | $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 (-49.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -165.78% | 0.00% | 0.00x | 2.60x | $-49.60K |
| 2019 | -92.25% | 0.00% | 0.00x | 1.95x | $-129.34K |
| 2020 | -57.16% | 0.00% | 0.00x | 1.22x | $-186.05K |
| 2021 | -6.67% | 0.00% | 0.00x | 1.02x | $-211.94K |
| 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: $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 |
|---|---|---|---|---|
| Westward Gold Inc (WGLIF) | $13.50 Million | -165.78% | 0.03x | $12.28 Million |
| 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 |