Harfang Exploration Inc (HAR) - Net Assets
Based on the latest financial reports, Harfang Exploration Inc (HAR) has net assets worth CA$13.77 Million CAD (≈ $9.96 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$14.27 Million ≈ $10.32 Million USD) and total liabilities (CA$496.09K ≈ $358.86K 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 HAR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$13.77 Million |
| % of Total Assets | 96.52% |
| Annual Growth Rate | 31.52% |
| 5-Year Change | 72.33% |
| 10-Year Change | N/A |
| Growth Volatility | 71.84 |
Harfang Exploration Inc - Net Assets Trend (2012–2026)
This chart illustrates how Harfang Exploration Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Harfang Exploration Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Harfang Exploration Inc (2012–2026)
The table below shows the annual net assets of Harfang Exploration Inc from 2012 to 2026. For live valuation and market cap data, see Harfang Exploration Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | CA$13.77 Million ≈ $9.96 Million |
-11.26% |
| 2025-01-31 | CA$15.52 Million ≈ $11.23 Million |
-2.18% |
| 2024-01-31 | CA$15.87 Million ≈ $11.48 Million |
-6.58% |
| 2023-01-31 | CA$16.99 Million ≈ $12.29 Million |
+112.53% |
| 2022-01-31 | CA$7.99 Million ≈ $5.78 Million |
-8.29% |
| 2021-01-31 | CA$8.72 Million ≈ $6.30 Million |
+142.69% |
| 2020-01-31 | CA$3.59 Million ≈ $2.60 Million |
+23.00% |
| 2019-01-31 | CA$2.92 Million ≈ $2.11 Million |
-5.26% |
| 2018-01-31 | CA$3.08 Million ≈ $2.23 Million |
+3144.68% |
| 2017-01-31 | CA$-101.23K ≈ $-73.23K |
-53.58% |
| 2016-01-31 | CA$-65.91K ≈ $-47.68K |
-85.72% |
| 2015-01-31 | CA$-35.49K ≈ $-25.67K |
+67.61% |
| 2014-01-31 | CA$-109.58K ≈ $-79.27K |
-85.94% |
| 2013-01-31 | CA$-58.94K ≈ $-42.63K |
-119.83% |
| 2012-01-31 | CA$297.17K ≈ $214.97K |
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Equity Component Analysis
This analysis shows how different components contribute to Harfang Exploration 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 1989219400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$33.86 Million | 245.80% |
| Total Equity | CA$13.77 Million | 100.00% |
Harfang Exploration Inc Competitors by Market Cap
The table below lists competitors of Harfang Exploration Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
City Office
NYSE:CIO
|
$3.63 Million |
|
Tersis Technologies Inc.
NASDAQ:TERS
|
$3.63 Million |
|
Indus Gas Ltd
F:59Q
|
$3.64 Million |
|
Beyond Air Inc
NASDAQ:XAIR
|
$3.64 Million |
|
PT Trimuda Nuansa Citra Tbk
JK:TNCA
|
$3.63 Million |
|
Asiabasemetals Inc
V:ABZ
|
$3.63 Million |
|
Eastfield Resources Ltd
V:ETF
|
$3.63 Million |
|
Iveda Solutions Inc
NASDAQ:IVDA
|
$3.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harfang Exploration Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 15,523,461 to 13,774,988, a change of -1,748,473 (-11.3%).
- Net loss of 2,562,069 reduced equity.
- New share issuances of 1,125,000 increased equity.
- Other factors decreased equity by 311,404.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.56 Million | -18.6% |
| Share Issuances | CA$1.12 Million | +8.17% |
| Other Changes | CA$-311.40K | -2.26% |
| Total Change | CA$- | -11.26% |
Book Value vs Market Value Analysis
This analysis compares Harfang Exploration 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 0.11x 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 |
|---|---|---|---|
| 2012-01-31 | CA$0.46 | CA$0.05 | x |
| 2013-01-31 | CA$-0.08 | CA$0.05 | x |
| 2014-01-31 | CA$-0.22 | CA$0.05 | x |
| 2015-01-31 | CA$-0.08 | CA$0.05 | x |
| 2016-01-31 | CA$-0.14 | CA$0.05 | x |
| 2017-01-31 | CA$-0.22 | CA$0.05 | x |
| 2018-01-31 | CA$0.37 | CA$0.05 | x |
| 2019-01-31 | CA$0.21 | CA$0.05 | x |
| 2020-01-31 | CA$0.21 | CA$0.05 | x |
| 2021-01-31 | CA$0.40 | CA$0.05 | x |
| 2022-01-31 | CA$0.26 | CA$0.05 | x |
| 2023-01-31 | CA$0.32 | CA$0.05 | x |
| 2024-01-31 | CA$0.26 | CA$0.05 | x |
| 2025-01-31 | CA$0.18 | CA$0.05 | x |
| 2026-01-31 | CA$0.14 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harfang Exploration Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7876.75%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.04x
- Recent ROE (-18.60%) is above the historical average (-20.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -56.51% | 0.00% | 0.00x | 1.10x | CA$-197.65K |
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-350.21K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-39.69K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-38.08K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-23.83K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-25.19K |
| 2018 | -49.83% | 0.00% | 0.00x | 1.05x | CA$-1.84 Million |
| 2019 | -39.99% | -206318.90% | 0.00x | 1.07x | CA$-1.46 Million |
| 2020 | -34.41% | -297087.74% | 0.00x | 1.09x | CA$-1.60 Million |
| 2021 | -19.09% | -2188881.58% | 0.00x | 1.15x | CA$-2.54 Million |
| 2022 | -42.62% | -41758.30% | 0.00x | 1.12x | CA$-4.21 Million |
| 2023 | -20.80% | -107677.06% | 0.00x | 1.01x | CA$-5.23 Million |
| 2024 | -13.82% | 0.00% | 0.00x | 1.05x | CA$-3.78 Million |
| 2025 | -13.76% | 0.00% | 0.00x | 1.02x | CA$-3.69 Million |
| 2026 | -18.60% | -7876.75% | 0.00x | 1.04x | CA$-3.94 Million |
Industry Comparison
This section compares Harfang Exploration Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,278,129
- Average return on equity (ROE) among peers: -49.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harfang Exploration Inc (HAR) | CA$13.77 Million | -56.51% | 0.04x | $3.63 Million |
| Aftermath Silver Ltd (AAG) | $-1.02 Million | 0.00% | 0.00x | $195.23 Million |
| Aton Resources Inc (AAN) | $-9.49 Million | 0.00% | 0.00x | $42.41 Million |
| Arbor Metals Corp (ABR) | $153.43K | -30.35% | 0.39x | $8.19 Million |
| Asiabasemetals Inc (ABZ) | $-251.39K | 0.00% | 0.00x | $3.63 Million |
| Adex Mining Inc (ADE) | $-81.43K | 0.00% | 0.00x | $66.13 Million |
| Alphamin Res (AFM) | $159.81K | -280.73% | 0.49x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $18.71 Million | -66.45% | 1.77x | $138.33 Million |
| Amarc Resources Ltd. (AHR) | $7.22 Million | -119.49% | 0.12x | $159.74 Million |
| Almonty Industries Inc (AII) | $21.18 Million | 0.00% | 0.48x | $5.33 Billion |
| Aldebaran Resources Inc (ALDE) | $-13.79 Million | 0.00% | 0.00x | $425.46 Million |
About Harfang Exploration Inc
Harfang Exploration Inc., an exploration and evaluation stage company, engages in acquiring and exploring mineral properties in Canada. It primarily explores for gold, lithium, silver, chromium, platinum, palladium, nickel, and copper deposits. The company is headquartered in Montreal, Canada.