Westbridge Energy Corporation
Westbridge Renewable Energy Corp. engages in the acquisition and development of solar photovoltaic (PV) projects in Canada, the United States, the United Kingdom, and Italy. The company holds interest in the Accalia project, a 221 MWdc solar photovoltaic project covering approximately 1,120 acres in Cameron County, Texas, the United States; Dolcy project, a 300MWac solar photovoltaic project with… Read more
Westbridge Energy Corporation (WEGYF) - Net Assets
Latest net assets as of May 2025: $49.04 Million USD
Based on the latest financial reports, Westbridge Energy Corporation (WEGYF) has net assets worth $49.04 Million USD as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($52.95 Million) and total liabilities ($3.90 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 | $49.04 Million |
| % of Total Assets | 92.63% |
| Annual Growth Rate | 22.65% |
| 5-Year Change | 9048.35% |
| 10-Year Change | N/A |
| Growth Volatility | 3103.76 |
Westbridge Energy Corporation - Net Assets Trend (2006–2024)
This chart illustrates how Westbridge Energy Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Westbridge Energy Corporation (2006–2024)
The table below shows the annual net assets of Westbridge Energy Corporation from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | $52.26 Million | +770.02% |
| 2023-11-30 | $6.01 Million | -7.84% |
| 2022-11-30 | $6.52 Million | +46.15% |
| 2021-11-30 | $4.46 Million | +680.72% |
| 2020-11-30 | $571.20K | +190.79% |
| 2019-11-30 | $-629.13K | +1.40% |
| 2018-11-30 | $-638.10K | -102.11% |
| 2017-11-30 | $-315.72K | -42.42% |
| 2016-11-30 | $-221.68K | +10.01% |
| 2015-11-30 | $-246.33K | -337.83% |
| 2014-11-30 | $-56.26K | -100.58% |
| 2013-11-30 | $9.77 Million | +9510.22% |
| 2008-11-30 | $101.69K | -74.23% |
| 2007-11-30 | $394.59K | -70.18% |
| 2006-11-30 | $1.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westbridge Energy Corporation'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 4773918900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $36.40 Million | 69.83% |
| Other Components | $15.72 Million | 30.17% |
| Total Equity | $52.13 Million | 100.00% |
Westbridge Energy Corporation Competitors by Market Cap
The table below lists competitors of Westbridge Energy Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Emami Realty Limited
NSE:EMAMIREAL
|
$8.20 Million |
|
Right Tunnelling Public Company Limited
BK:RT
|
$8.20 Million |
|
Chow Steel Industries Public Company Limited
BK:CHOW
|
$8.20 Million |
|
Laon People Inc.
KQ:300120
|
$8.20 Million |
|
Atomos Ltd
AU:AMS
|
$8.19 Million |
|
Plum Acquisition Corp. IV Warrants
NASDAQ:PLMKW
|
$8.19 Million |
|
Teb Bancorp Inc
PINK:TBBA
|
$8.19 Million |
|
Avantium N.V
PINK:AVTXF
|
$8.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westbridge Energy Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,774,270 to 52,126,078, a change of 46,351,808 (802.7%).
- Net income of 55,674,666 contributed positively to equity growth.
- Dividend payments of 10,165,435 reduced retained earnings.
- Other factors increased equity by 842,577.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $55.67 Million | +106.81% |
| Dividends Paid | $10.17 Million | -19.5% |
| Other Changes | $842.58K | +1.62% |
| Total Change | $- | 802.73% |
Book Value vs Market Value Analysis
This analysis compares Westbridge Energy Corporation'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: 0.92x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-11-30 | $-0.05 | $0.47 | x |
| 2018-11-30 | $-0.09 | $0.47 | x |
| 2019-11-30 | $-0.08 | $0.47 | x |
| 2020-11-30 | $0.03 | $0.47 | x |
| 2021-11-30 | $0.06 | $0.47 | x |
| 2022-11-30 | $0.07 | $0.47 | x |
| 2023-11-30 | $0.23 | $0.47 | x |
| 2024-11-30 | $0.51 | $0.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westbridge Energy Corporation 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): 106.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.26x
- Recent ROE (106.81%) is above the historical average (-46.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -28.21% | -55.97% | 0.48x | 1.04x | $-505.72K |
| 2007 | -347.63% | -342.80% | 0.63x | 1.60x | $-1.41 Million |
| 2008 | -342.88% | -63.63% | 0.66x | 8.15x | $-358.86K |
| 2013 | -15.39% | -2820.89% | 0.01x | 1.03x | $-2.48 Million |
| 2014 | 0.00% | -6052.73% | 0.33x | 0.00x | $-10.48 Million |
| 2015 | 0.00% | -272.12% | 0.29x | 0.00x | $-203.56K |
| 2016 | 0.00% | -609.91% | 0.05x | 0.00x | $-79.58K |
| 2017 | 0.00% | -4619.13% | 0.01x | 0.00x | $-79.47K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | $-306.57K |
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $6.88K |
| 2020 | 109.17% | 0.00% | 0.00x | 1.15x | $566.44K |
| 2021 | -84.22% | 0.00% | 0.00x | 1.12x | $-4.11 Million |
| 2022 | -36.35% | 0.00% | 0.00x | 1.20x | $-2.98 Million |
| 2023 | -53.43% | 0.00% | 0.00x | 10.01x | $-3.66 Million |
| 2024 | 106.81% | 0.00% | 0.00x | 1.26x | $50.46 Million |
Industry Comparison
This section compares Westbridge Energy Corporation's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,059,000,861
- Average return on equity (ROE) among peers: -70.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westbridge Energy Corporation (WEGYF) | $49.04 Million | -28.21% | 0.08x | $8.20 Million |
| ACLEW (ACLEW) | $-33.88 Million | 0.00% | 0.00x | $11.36 |
| Arsenal Digital Holdings Inc. (ADHI) | $1.69 Million | 12.00% | 0.10x | $458.16 |
| AGIG (AGIG) | $-1.03 Million | 0.00% | 0.00x | $16.94K |
| Aker Horizons ASA (AKHOF) | $9.99 Billion | -19.54% | 2.26x | $39.77 Million |
| Alternus Energy Group Plc (ALCE) | $16.59 Million | -113.04% | 11.63x | $698.55K |
| Alaska Hydro Corporation (ALKHF) | $-562.11K | 0.00% | 0.00x | $3.01K |
| Altus Power Inc (AMPS) | $463.06 Million | 11.97% | 1.97x | $266.49 Million |
| Astra Energy Inc (ASRE) | $1.75 Million | -596.04% | 3.32x | $683.50K |
| Altius Renewable Royalties Corp (ATRWF) | $159.06 Million | -2.15% | 0.04x | $105.47 Million |
| Atlantic Wind & Solar Inc (AWSL) | $-2.66 Million | 0.00% | 0.00x | $322.80 |