High Arctic Energy Services Inc. (HWO) - Net Assets
Based on the latest financial reports, High Arctic Energy Services Inc. (HWO) has net assets worth CA$22.04 Million CAD (≈ $15.95 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 (CA$29.88 Million ≈ $21.62 Million USD) and total liabilities (CA$7.84 Million ≈ $5.67 Million 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 High Arctic Energy Services Inc. tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$22.04 Million |
| % of Total Assets | 73.76% |
| Annual Growth Rate | -6.35% |
| 5-Year Change | -85.19% |
| 10-Year Change | -90.42% |
| Growth Volatility | 48.93 |
High Arctic Energy Services Inc. - Net Assets Trend (2005–2025)
This chart illustrates how High Arctic Energy Services Inc.'s net assets have evolved over time, based on quarterly financial data. See HWO defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for High Arctic Energy Services Inc. (2005–2025)
The table below shows the annual net assets of High Arctic Energy Services Inc. from 2005 to 2025. For live valuation and market cap data, see market value of High Arctic Energy Services Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$22.04 Million ≈ $15.95 Million |
+4.44% |
| 2024-12-31 | CA$21.11 Million ≈ $15.27 Million |
-78.75% |
| 2023-12-31 | CA$99.33 Million ≈ $71.86 Million |
-13.80% |
| 2022-12-31 | CA$115.23 Million ≈ $83.36 Million |
-22.59% |
| 2021-12-31 | CA$148.85 Million ≈ $107.68 Million |
-16.05% |
| 2020-12-31 | CA$177.30 Million ≈ $128.26 Million |
-13.76% |
| 2019-12-31 | CA$205.60 Million ≈ $148.73 Million |
-12.21% |
| 2018-12-31 | CA$234.20 Million ≈ $169.42 Million |
+1.47% |
| 2017-12-31 | CA$230.80 Million ≈ $166.96 Million |
+0.26% |
| 2016-12-31 | CA$230.20 Million ≈ $166.52 Million |
+14.41% |
| 2015-12-31 | CA$201.20 Million ≈ $145.55 Million |
+21.50% |
| 2014-12-31 | CA$165.60 Million ≈ $119.79 Million |
+48.12% |
| 2013-12-31 | CA$111.80 Million ≈ $80.87 Million |
+26.19% |
| 2012-12-31 | CA$88.60 Million ≈ $64.09 Million |
+39.31% |
| 2011-12-31 | CA$63.60 Million ≈ $46.01 Million |
+48.60% |
| 2010-12-31 | CA$42.80 Million ≈ $30.96 Million |
+837.93% |
| 2009-12-31 | CA$-5.80 Million ≈ $-4.20 Million |
-159.79% |
| 2008-12-31 | CA$9.70 Million ≈ $7.02 Million |
-78.63% |
| 2007-12-31 | CA$45.40 Million ≈ $32.84 Million |
-40.26% |
| 2006-12-31 | CA$76.00 Million ≈ $54.98 Million |
-7.09% |
| 2005-12-31 | CA$81.80 Million ≈ $59.17 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 11197000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$133.43 Million | 605.30% |
| Other Comprehensive Income | CA$-1.33 Million | -6.04% |
| Other Components | CA$13.32 Million | 60.42% |
| Total Equity | CA$22.04 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 |
|---|---|
|
NRB Industrial Bearings Limited
NSE:NIBL
|
$8.09 Million |
|
The Agency Group Australia Ltd
AU:AU1
|
$8.09 Million |
|
Synaptogenix Inc
NASDAQ:SNPX
|
$8.09 Million |
|
EA Holdings Bhd
KLSE:0154
|
$8.10 Million |
|
AB Effectenbeteiligungen AG
STU:JPH
|
$8.08 Million |
|
Bitros Holding S.A
AT:MPITR
|
$8.08 Million |
|
Airway
WAR:AWM
|
$8.08 Million |
|
Medicure Inc
V:MPH
|
$8.08 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 2024 to 2025, total equity changed from 21,105,000 to 22,043,000, a change of 938,000 (4.4%).
- Net income of 356,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 146,000.
- Other factors increased equity by 436,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$356.00K | +1.62% |
| Other Comprehensive Income | CA$146.00K | +0.66% |
| Other Changes | CA$436.00K | +1.98% |
| Total Change | CA$- | 4.44% |
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: 0.51x
- 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 0.19x to 0.51x 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 | CA$4.74 | CA$0.88 | x |
| 2006-12-31 | CA$14.79 | CA$0.88 | x |
| 2007-12-31 | CA$5.35 | CA$0.88 | x |
| 2008-12-31 | CA$1.14 | CA$0.88 | x |
| 2009-12-31 | CA$-0.64 | CA$0.88 | x |
| 2010-12-31 | CA$0.86 | CA$0.88 | x |
| 2011-12-31 | CA$1.31 | CA$0.88 | x |
| 2012-12-31 | CA$1.81 | CA$0.88 | x |
| 2013-12-31 | CA$2.28 | CA$0.88 | x |
| 2014-12-31 | CA$3.10 | CA$0.88 | x |
| 2015-12-31 | CA$3.59 | CA$0.88 | x |
| 2016-12-31 | CA$4.31 | CA$0.88 | x |
| 2017-12-31 | CA$4.28 | CA$0.88 | x |
| 2018-12-31 | CA$4.53 | CA$0.88 | x |
| 2019-12-31 | CA$4.11 | CA$0.88 | x |
| 2020-12-31 | CA$3.58 | CA$0.88 | x |
| 2021-12-31 | CA$3.05 | CA$0.88 | x |
| 2022-12-31 | CA$2.36 | CA$0.88 | x |
| 2023-12-31 | CA$2.03 | CA$0.88 | x |
| 2024-12-31 | CA$1.69 | CA$0.88 | x |
| 2025-12-31 | CA$1.74 | CA$0.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently High Arctic Energy Services Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.35%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.36x
- Recent ROE (1.62%) is above the historical average (-14.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 2.50% | 0.73% | 0.72x | 4.82x | CA$-1.80 Million |
| 2006 | 22.50% | 13.81% | 0.53x | 3.07x | CA$9.50 Million |
| 2007 | -153.30% | -53.50% | 0.57x | 5.04x | CA$-74.14 Million |
| 2008 | -408.25% | -25.76% | 0.92x | 17.15x | CA$-40.57 Million |
| 2009 | 0.00% | -13.46% | 1.11x | 0.00x | CA$-15.92 Million |
| 2010 | 29.91% | 10.73% | 1.30x | 2.14x | CA$8.52 Million |
| 2011 | 28.30% | 14.15% | 1.36x | 1.47x | CA$11.64 Million |
| 2012 | 32.51% | 19.70% | 1.23x | 1.34x | CA$19.94 Million |
| 2013 | 22.00% | 16.11% | 1.11x | 1.23x | CA$13.42 Million |
| 2014 | 17.03% | 16.41% | 0.91x | 1.14x | CA$11.64 Million |
| 2015 | 13.47% | 12.91% | 0.86x | 1.21x | CA$6.98 Million |
| 2016 | 19.59% | 21.68% | 0.68x | 1.33x | CA$22.08 Million |
| 2017 | 8.80% | 9.66% | 0.79x | 1.16x | CA$-2.78 Million |
| 2018 | 4.87% | 5.61% | 0.75x | 1.16x | CA$-12.02 Million |
| 2019 | -4.28% | -4.74% | 0.74x | 1.22x | CA$-29.36 Million |
| 2020 | -14.61% | -28.52% | 0.42x | 1.21x | CA$-43.63 Million |
| 2021 | -12.50% | -24.34% | 0.41x | 1.25x | CA$-33.49 Million |
| 2022 | -31.75% | -45.72% | 0.60x | 1.16x | CA$-48.11 Million |
| 2023 | -13.23% | -21.21% | 0.50x | 1.24x | CA$-23.07 Million |
| 2024 | 134.14% | 270.40% | 0.34x | 1.46x | CA$26.20 Million |
| 2025 | 1.62% | 3.35% | 0.36x | 1.36x | CA$-1.85 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: $293,528,930
- Average return on equity (ROE) among peers: 23.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| High Arctic Energy Services Inc. (HWO) | CA$22.04 Million | 2.50% | 0.36x | $8.08 Million |
| Bri-Chem Corp. (BRY) | $22.41 Million | 38.58% | 2.50x | $7.65 Million |
| CES Energy Solutions Corp (CEU) | $215.42 Million | 12.94% | 0.65x | $2.50 Billion |
| Calfrac Well Services Ltd. (CFW) | $30.20 Million | 165.89% | 4.44x | $465.47 Million |
| Enterprise Group Inc (E) | $15.87 Million | -77.32% | 0.88x | $74.63 Million |
| Enerflex Ltd. (EFX) | $931.66 Million | 6.00% | 0.52x | $2.31 Billion |
| HTC Purenergy Inc. (HTC) | $23.67 Million | 17.15% | 0.28x | $1.03 Million |
| Mattr Corp (MATR) | $1.01 Billion | 17.74% | 0.92x | $555.42 Million |
| Mccoy Global Inc (MCB) | $40.01 Million | 10.19% | 0.38x | $46.35 Million |
| North American Construction Group Ltd (NOA) | $356.65 Million | 17.70% | 3.34x | $394.65 Million |
About 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 Investments and Corporate. The company leases oilfield and pressure control equipment comprising high-pressure blowout preventers, high pressure valves and spooling, high pressure pipework, boile… Read more