Harvest Gold Corp (HVG) - Net Assets
Based on the latest financial reports, Harvest Gold Corp (HVG) has net assets worth CA$3.55 Million CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.88 Million) and total liabilities (CA$334.27K). 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 | CA$3.55 Million |
| % of Total Assets | 91.39% |
| Annual Growth Rate | -7.15% |
| 5-Year Change | -24.66% |
| 10-Year Change | N/A |
| Growth Volatility | 141.58 |
Harvest Gold Corp - Net Assets Trend (2006–2025)
This chart illustrates how Harvest Gold Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harvest Gold Corp (2006–2025)
The table below shows the annual net assets of Harvest Gold Corp from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$737.21K | -71.32% |
| 2024-03-31 | CA$2.57 Million | -13.13% |
| 2023-03-31 | CA$2.96 Million | -12.81% |
| 2022-03-31 | CA$3.39 Million | +246.88% |
| 2021-03-31 | CA$978.46K | +395.64% |
| 2020-03-31 | CA$197.41K | -90.54% |
| 2019-03-31 | CA$2.09 Million | +339.73% |
| 2018-03-31 | CA$474.51K | -70.02% |
| 2017-03-31 | CA$1.58 Million | +8203.00% |
| 2016-03-31 | CA$-19.54K | -102.99% |
| 2015-03-31 | CA$652.99K | +8.74% |
| 2014-03-31 | CA$600.50K | -74.56% |
| 2013-03-31 | CA$2.36 Million | -8.16% |
| 2012-03-31 | CA$2.57 Million | -6.73% |
| 2011-03-31 | CA$2.76 Million | +64.22% |
| 2010-03-31 | CA$1.68 Million | -73.32% |
| 2009-03-31 | CA$6.29 Million | -7.58% |
| 2008-03-31 | CA$6.81 Million | +56.10% |
| 2007-03-31 | CA$4.36 Million | +44.40% |
| 2006-03-31 | CA$3.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harvest Gold Corp'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 2027004700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$21.69 Million | 2942.78% |
| Total Equity | CA$737.21K | 100.00% |
Harvest Gold Corp Competitors by Market Cap
The table below lists competitors of Harvest Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Everplay Group PLC
LSE:EVPL
|
$4.80 Million |
|
THS Maple Holdings Ltd.
V:YAY
|
$4.80 Million |
|
Tuktu Resources Ltd.
V:TUK
|
$4.80 Million |
|
HORISONT ENERGI NK -01
F:9GJ
|
$4.80 Million |
|
Beonic Ltd
AU:BEO
|
$4.80 Million |
|
Mecanica Sa Ce
RO:MECF
|
$4.79 Million |
|
DomaCom Limited
AU:DCL
|
$4.79 Million |
|
Chenghe Acquisition II Co.
NYSE MKT:CHEB
|
$4.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harvest Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,570,821 to 737,207, a change of -1,833,614 (-71.3%).
- Net loss of 2,632,744 reduced equity.
- New share issuances of 657,230 increased equity.
- Other comprehensive income decreased equity by 2,269,053.
- Other factors increased equity by 2,410,953.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.63 Million | -357.12% |
| Share Issuances | CA$657.23K | +89.15% |
| Other Comprehensive Income | CA$-2.27 Million | -307.79% |
| Other Changes | CA$2.41 Million | +327.04% |
| Total Change | CA$- | -71.32% |
Book Value vs Market Value Analysis
This analysis compares Harvest Gold Corp'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: 4.74x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.00x to 4.74x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | CA$55.10 | CA$0.06 | x |
| 2007-03-31 | CA$17.94 | CA$0.06 | x |
| 2008-03-31 | CA$18.98 | CA$0.06 | x |
| 2009-03-31 | CA$14.55 | CA$0.06 | x |
| 2010-03-31 | CA$3.77 | CA$0.06 | x |
| 2011-03-31 | CA$4.67 | CA$0.06 | x |
| 2012-03-31 | CA$3.68 | CA$0.06 | x |
| 2013-03-31 | CA$3.38 | CA$0.06 | x |
| 2014-03-31 | CA$0.78 | CA$0.06 | x |
| 2015-03-31 | CA$0.81 | CA$0.06 | x |
| 2016-03-31 | CA$-0.02 | CA$0.06 | x |
| 2017-03-31 | CA$0.31 | CA$0.06 | x |
| 2018-03-31 | CA$0.09 | CA$0.06 | x |
| 2019-03-31 | CA$0.28 | CA$0.06 | x |
| 2020-03-31 | CA$0.02 | CA$0.06 | x |
| 2021-03-31 | CA$0.08 | CA$0.06 | x |
| 2022-03-31 | CA$0.13 | CA$0.06 | x |
| 2023-03-31 | CA$0.08 | CA$0.06 | x |
| 2024-03-31 | CA$0.06 | CA$0.06 | x |
| 2025-03-31 | CA$0.01 | CA$0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harvest Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -357.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (-357.12%) is below the historical average (-122.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -22.75% | 0.00% | 0.00x | 1.03x | CA$-989.13K |
| 2007 | -12.21% | 0.00% | 0.00x | 1.03x | CA$-968.61K |
| 2008 | -8.51% | 0.00% | 0.00x | 1.06x | CA$-1.26 Million |
| 2009 | -12.26% | 0.00% | 0.00x | 1.02x | CA$-1.40 Million |
| 2010 | -283.60% | 0.00% | 0.00x | 1.17x | CA$-4.93 Million |
| 2011 | -53.27% | 0.00% | 0.00x | 1.08x | CA$-1.74 Million |
| 2012 | -7.62% | 0.00% | 0.00x | 1.05x | CA$-452.97K |
| 2013 | -8.77% | 0.00% | 0.00x | 1.06x | CA$-443.09K |
| 2014 | -306.83% | 0.00% | 0.00x | 1.23x | CA$-1.90 Million |
| 2015 | 8.02% | 0.00% | 0.00x | 1.14x | CA$-12.95K |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-670.62K |
| 2017 | -31.94% | 0.00% | 0.00x | 1.09x | CA$-663.97K |
| 2018 | -248.80% | 0.00% | 0.00x | 1.29x | CA$-1.23 Million |
| 2019 | -44.40% | 0.00% | 0.00x | 1.03x | CA$-1.14 Million |
| 2020 | -956.95% | 0.00% | 0.00x | 1.51x | CA$-1.91 Million |
| 2021 | -51.51% | 0.00% | 0.00x | 1.15x | CA$-601.89K |
| 2022 | -17.50% | 0.00% | 0.00x | 1.03x | CA$-933.38K |
| 2023 | -14.69% | 0.00% | 0.00x | 1.03x | CA$-730.75K |
| 2024 | -18.07% | 0.00% | 0.00x | 1.09x | CA$-721.55K |
| 2025 | -357.12% | 0.00% | 0.00x | 1.39x | CA$-2.71 Million |
Industry Comparison
This section compares Harvest Gold Corp's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $25,011,639
- Average return on equity (ROE) among peers: -23.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harvest Gold Corp (HVG) | CA$3.55 Million | -22.75% | 0.09x | $4.80 Million |
| Abcourt Mines Inc. (ABI) | $27.66 Million | -3.28% | 0.35x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $13.38 Million | -3.65% | 0.02x | $3.68 Million |
| American Eagle Gold Corp (AE) | $830.83K | -165.75% | 0.05x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $518.31K | -0.04% | 0.11x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $-251.88K | 0.00% | 0.00x | $9.71 Million |
| Alkane Resources Limited (ALK) | $191.56 Million | 29.08% | 0.23x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-3.10 Million | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $822.20K | -78.33% | 0.24x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.98 Million | -5.17% | 0.10x | $1.59 Million |
About Harvest Gold Corp
Harvest Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and evaluation of natural resources properties in Canada. It explores for copper-gold porphyry projects. The company's flagship property is the Mosseau Gold Project which consists of 147 claims covering an area of 7265.88 hectares located in the Abitibi Region of Quebec. Harvest Gold Corporation is he… Read more