High Arctic Energy Services Inc. (HWO) - Net Assets

Latest as of September 2025: CA$22.04 Million CAD ≈ $15.94 Million USD

Based on the latest financial reports, High Arctic Energy Services Inc. (HWO) has net assets worth CA$22.04 Million CAD (≈ $15.94 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 (CA$29.91 Million ≈ $21.64 Million USD) and total liabilities (CA$7.87 Million ≈ $5.70 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 how resilient are High Arctic Energy Services Inc.'s assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$22.04 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. Also explore High Arctic Energy Services Inc. balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of High Arctic Energy Services Inc..

Year	Net Assets	Change
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 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	CA$133.15 Million	630.91%
Other Comprehensive Income	CA$-1.48 Million	-7.00%
Other Components	CA$13.16 Million	62.34%
Total Equity	CA$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
Solution Engineering Holdings Bhd KLSE:0093	$7.90 Million
Innovotech Inc V:IOT	$7.90 Million
Vineet Laboratories Limited NSE:VINEETLAB	$7.91 Million
YKGI Holdings Bhd KLSE:7020	$7.91 Million
Star Minerals Ltd AU:SMS	$7.88 Million
HLT Global Bhd KLSE:0188	$7.88 Million
BRITANNIA LIFE SCIENCES F:L020	$7.87 Million
T.Krungthai Industries Public Company Limited BK:TKT	$7.87 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	CA$28.31 Million	+134.14%
Dividends Paid	CA$37.84 Million	-179.3%
Share Repurchases	CA$37.84 Million	-179.3%
Other Comprehensive Income	CA$-28.46 Million	-134.84%
Other Changes	CA$-2.40 Million	-11.35%
Total Change	CA$-	-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: 0.51x
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 0.18x 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$0.86	x
2006-12-31	CA$14.79	CA$0.86	x
2007-12-31	CA$5.35	CA$0.86	x
2008-12-31	CA$1.14	CA$0.86	x
2009-12-31	CA$-0.64	CA$0.86	x
2010-12-31	CA$0.86	CA$0.86	x
2011-12-31	CA$1.31	CA$0.86	x
2012-12-31	CA$1.81	CA$0.86	x
2013-12-31	CA$2.28	CA$0.86	x
2014-12-31	CA$3.10	CA$0.86	x
2015-12-31	CA$3.59	CA$0.86	x
2016-12-31	CA$4.31	CA$0.86	x
2017-12-31	CA$4.28	CA$0.86	x
2018-12-31	CA$4.53	CA$0.86	x
2019-12-31	CA$4.11	CA$0.86	x
2020-12-31	CA$3.58	CA$0.86	x
2021-12-31	CA$3.05	CA$0.86	x
2022-12-31	CA$2.36	CA$0.86	x
2023-12-31	CA$2.03	CA$0.86	x
2024-12-31	CA$1.69	CA$0.86	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 (-15.12%), 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

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: $265,476,844
Average return on equity (ROE) among peers: -14.22%

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	$7.90 Million
Bri-Chem Corp. (BRY)	$35.24 Million	-40.74%	1.10x	$6.61 Million
CES Energy Solutions Corp (CEU)	$609.05 Million	15.63%	1.32x	$2.92 Billion
Calfrac Well Services Ltd. (CFW)	$328.84 Million	-25.18%	1.72x	$387.05 Million
Enterprise Group Inc (E)	$51.99 Million	-1.80%	0.57x	$83.04 Million
Enerflex Ltd. (EFX)	$1.02 Billion	6.90%	1.10x	$2.31 Billion
HTC Purenergy Inc. (HTC)	$21.80 Million	-16.58%	0.56x	$1.03 Million
Mattr Corp (MATR)	$134.80 Million	10.46%	0.33x	$421.70 Million
Mccoy Global Inc (MCB)	$59.80 Million	-60.07%	0.17x	$50.41 Million
North American Construction Group Ltd (NOA)	$127.78 Million	-16.56%	4.87x	$400.31 Million

About High Arctic Energy Services Inc.

TO:HWO Canada Oil & Gas Equipment & Services

Market Cap

$7.90 Million

CA$10.92 Million CAD

Market Cap Rank

#27418 Global

#1192 in Canada

Share Price

CA$0.86

Change (1 day)

+2.38%

52-Week Range

CA$0.76 - CA$0.95

All Time High

CA$8.04