High Arctic Energy Services Inc
High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Western Canada. It operates through two segments, Rental Services and Production Services. The company leases oilfield and pressure control equipment comprising high-pressure blowout preventers, high pressure valves and spooling, high pressure pipework, boilers, pu… Read more
High Arctic Energy Services Inc (HGHAF) - Net Assets
Latest net assets as of September 2025: $15.82 Million USD
Based on the latest financial reports, High Arctic Energy Services Inc (HGHAF) has net assets worth $15.82 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 ($21.48 Million) and total liabilities ($5.65 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 | $15.82 Million |
| % of Total Assets | 73.68% |
| Annual Growth Rate | -6.88% |
| 5-Year Change | -88.1% |
| 10-Year Change | -89.51% |
| Growth Volatility | 50.1 |
High Arctic Energy Services Inc - Net Assets Trend (2005–2024)
This chart illustrates how High Arctic Energy Services 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 High Arctic Energy Services Inc (2005–2024)
The table below shows the annual net assets of High Arctic Energy Services Inc from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $21.11 Million | -78.75% |
| 2023-12-31 | $99.33 Million | -13.80% |
| 2022-12-31 | $115.23 Million | -22.59% |
| 2021-12-31 | $148.85 Million | -16.05% |
| 2020-12-31 | $177.30 Million | -13.76% |
| 2019-12-31 | $205.60 Million | -12.21% |
| 2018-12-31 | $234.20 Million | +1.47% |
| 2017-12-31 | $230.80 Million | +0.26% |
| 2016-12-31 | $230.20 Million | +14.41% |
| 2015-12-31 | $201.20 Million | +21.50% |
| 2014-12-31 | $165.60 Million | +48.12% |
| 2013-12-31 | $111.80 Million | +26.19% |
| 2012-12-31 | $88.60 Million | +39.31% |
| 2011-12-31 | $63.60 Million | +48.60% |
| 2010-12-31 | $42.80 Million | +837.93% |
| 2009-12-31 | $-5.80 Million | -159.79% |
| 2008-12-31 | $9.70 Million | -78.63% |
| 2007-12-31 | $45.40 Million | -40.26% |
| 2006-12-31 | $76.00 Million | -7.09% |
| 2005-12-31 | $81.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to High Arctic Energy Services 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 11232600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $133.15 Million | 630.91% |
| Other Comprehensive Income | $-1.48 Million | -7.00% |
| Other Components | $13.16 Million | 62.34% |
| Total Equity | $21.11 Million | 100.00% |
High Arctic Energy Services Inc Competitors by Market Cap
The table below lists competitors of High Arctic Energy Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Locafy Limited
NASDAQ:LCFYW
|
$3.92 Million |
|
Haily Group Bhd
KLSE:0237
|
$3.92 Million |
|
Hochiminh City Metal Corp
VN:HMC
|
$3.92 Million |
|
Mantaro Silver Corp
PINK:MSLVF
|
$3.92 Million |
|
Calima Energy Limited
OTCQB:CLMEF
|
$3.92 Million |
|
Minbos Resources Limited
F:OMB
|
$3.92 Million |
|
Copper Road Resources Inc.
V:CRD
|
$3.92 Million |
|
Kirkland Lake Discoveries Corp.
PINK:KLKLF
|
$3.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in High Arctic Energy Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 99,332,000 to 21,105,000, a change of -78,227,000 (-78.8%).
- Net income of 28,311,000 contributed positively to equity growth.
- Dividend payments of 37,842,000 reduced retained earnings.
- Share repurchases of 37,842,000 reduced equity.
- Other comprehensive income decreased equity by 28,458,000.
- Other factors decreased equity by 2,396,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $28.31 Million | +134.14% |
| Dividends Paid | $37.84 Million | -179.3% |
| Share Repurchases | $37.84 Million | -179.3% |
| Other Comprehensive Income | $-28.46 Million | -134.84% |
| Other Changes | $-2.40 Million | -11.35% |
| Total Change | $- | -78.75% |
Book Value vs Market Value Analysis
This analysis compares High Arctic Energy Services 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: 0.36x
- 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 0.13x to 0.36x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $4.74 | $0.62 | x |
| 2006-12-31 | $14.79 | $0.62 | x |
| 2007-12-31 | $5.35 | $0.62 | x |
| 2008-12-31 | $1.14 | $0.62 | x |
| 2009-12-31 | $-0.64 | $0.62 | x |
| 2010-12-31 | $1.34 | $0.62 | x |
| 2011-12-31 | $1.31 | $0.62 | x |
| 2012-12-31 | $1.81 | $0.62 | x |
| 2013-12-31 | $2.28 | $0.62 | x |
| 2014-12-31 | $3.10 | $0.62 | x |
| 2015-12-31 | $3.59 | $0.62 | x |
| 2016-12-31 | $4.31 | $0.62 | x |
| 2017-12-31 | $4.28 | $0.62 | x |
| 2018-12-31 | $4.53 | $0.62 | x |
| 2019-12-31 | $4.11 | $0.62 | x |
| 2020-12-31 | $3.58 | $0.62 | x |
| 2021-12-31 | $3.05 | $0.62 | x |
| 2022-12-31 | $2.36 | $0.62 | x |
| 2023-12-31 | $2.03 | $0.62 | x |
| 2024-12-31 | $1.70 | $0.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently High Arctic Energy Services 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): 134.14%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 270.40%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.46x
- Recent ROE (134.14%) is above the historical average (-14.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.50% | 0.73% | 0.72x | 4.82x | $-1.80 Million |
| 2006 | 22.50% | 13.81% | 0.53x | 3.07x | $9.50 Million |
| 2007 | -153.30% | -53.50% | 0.57x | 5.04x | $-74.14 Million |
| 2008 | -408.25% | -25.76% | 0.92x | 17.15x | $-40.57 Million |
| 2009 | 0.00% | -13.46% | 1.11x | 0.00x | $-15.92 Million |
| 2010 | 33.88% | 12.15% | 1.30x | 2.14x | $10.22 Million |
| 2011 | 28.30% | 14.15% | 1.36x | 1.47x | $11.64 Million |
| 2012 | 32.51% | 19.70% | 1.23x | 1.34x | $19.94 Million |
| 2013 | 22.00% | 16.11% | 1.11x | 1.23x | $13.42 Million |
| 2014 | 17.03% | 16.41% | 0.91x | 1.14x | $11.64 Million |
| 2015 | 15.85% | 15.20% | 0.86x | 1.21x | $11.78 Million |
| 2016 | 19.59% | 21.68% | 0.68x | 1.33x | $22.08 Million |
| 2017 | 8.80% | 9.66% | 0.79x | 1.16x | $-2.78 Million |
| 2018 | 4.87% | 5.61% | 0.75x | 1.16x | $-12.02 Million |
| 2019 | -4.28% | -4.74% | 0.74x | 1.22x | $-29.36 Million |
| 2020 | -14.61% | -28.52% | 0.42x | 1.21x | $-43.63 Million |
| 2021 | -12.50% | -24.34% | 0.41x | 1.25x | $-33.49 Million |
| 2022 | -31.75% | -45.72% | 0.60x | 1.16x | $-48.11 Million |
| 2023 | -13.23% | -21.21% | 0.50x | 1.24x | $-23.07 Million |
| 2024 | 134.14% | 270.40% | 0.34x | 1.46x | $26.20 Million |
Industry Comparison
This section compares High Arctic Energy Services Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| High Arctic Energy Services Inc (HGHAF) | $15.82 Million | 2.50% | 0.36x | $3.92 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |