Harvest Gold Corp (HVG) - Net Assets
Based on the latest financial reports, Harvest Gold Corp (HVG) has net assets worth CA$3.57 Million CAD (≈ $2.58 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$3.93 Million ≈ $2.84 Million USD) and total liabilities (CA$362.92K ≈ $262.53K 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 tangible net worth ratio of Harvest Gold Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$3.57 Million |
| % of Total Assets | 90.76% |
| 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. See Harvest Gold Corp (HVG) liquidity interval to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Harvest Gold Corp market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$737.21K ≈ $533.28K |
-71.32% |
| 2024-03-31 | CA$2.57 Million ≈ $1.86 Million |
-13.13% |
| 2023-03-31 | CA$2.96 Million ≈ $2.14 Million |
-12.81% |
| 2022-03-31 | CA$3.39 Million ≈ $2.46 Million |
+246.88% |
| 2021-03-31 | CA$978.46K ≈ $707.80K |
+395.64% |
| 2020-03-31 | CA$197.41K ≈ $142.81K |
-90.54% |
| 2019-03-31 | CA$2.09 Million ≈ $1.51 Million |
+339.73% |
| 2018-03-31 | CA$474.51K ≈ $343.25K |
-70.02% |
| 2017-03-31 | CA$1.58 Million ≈ $1.15 Million |
+8203.00% |
| 2016-03-31 | CA$-19.54K ≈ $-14.13K |
-102.99% |
| 2015-03-31 | CA$652.99K ≈ $472.37K |
+8.74% |
| 2014-03-31 | CA$600.50K ≈ $434.40K |
-74.56% |
| 2013-03-31 | CA$2.36 Million ≈ $1.71 Million |
-8.16% |
| 2012-03-31 | CA$2.57 Million ≈ $1.86 Million |
-6.73% |
| 2011-03-31 | CA$2.76 Million ≈ $1.99 Million |
+64.22% |
| 2010-03-31 | CA$1.68 Million ≈ $1.21 Million |
-73.32% |
| 2009-03-31 | CA$6.29 Million ≈ $4.55 Million |
-7.58% |
| 2008-03-31 | CA$6.81 Million ≈ $4.92 Million |
+56.10% |
| 2007-03-31 | CA$4.36 Million ≈ $3.15 Million |
+44.40% |
| 2006-03-31 | CA$3.02 Million ≈ $2.18 Million |
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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 |
|---|---|
|
Enquest Plc
LSE:ENQ
|
$4.48 Million |
|
Argentum Silver Corp
V:ASL
|
$4.48 Million |
|
Lion Energy Ltd
AU:LIO
|
$4.48 Million |
|
Kokoh Inti Arebama Tbk
JK:KOIN
|
$4.48 Million |
|
AYRO Inc
NASDAQ:AYRO
|
$4.47 Million |
|
Indo Oil Perkasa PT
JK:OILS
|
$4.47 Million |
|
C29 Metals Ltd
AU:C29
|
$4.47 Million |
|
Hensel Davest Indonesia Tbk PT
JK:HDIT
|
$4.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harvest Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,570,821 to 737,207, a change of -1,833,614 (-71.3%).
- Net loss of 2,632,744 reduced equity.
- New share issuances of 657,230 increased equity.
- Other comprehensive income decreased equity by 2,269,053.
- Other factors increased equity by 2,410,953.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-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: 4.31x
- 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 4.31x 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$0.05 | x |
| 2007-03-31 | CA$17.94 | CA$0.05 | x |
| 2008-03-31 | CA$18.98 | CA$0.05 | x |
| 2009-03-31 | CA$14.55 | CA$0.05 | x |
| 2010-03-31 | CA$3.77 | CA$0.05 | x |
| 2011-03-31 | CA$4.67 | CA$0.05 | x |
| 2012-03-31 | CA$3.68 | CA$0.05 | x |
| 2013-03-31 | CA$3.38 | CA$0.05 | x |
| 2014-03-31 | CA$0.78 | CA$0.05 | x |
| 2015-03-31 | CA$0.81 | CA$0.05 | x |
| 2016-03-31 | CA$-0.02 | CA$0.05 | x |
| 2017-03-31 | CA$0.31 | CA$0.05 | x |
| 2018-03-31 | CA$0.09 | CA$0.05 | x |
| 2019-03-31 | CA$0.28 | CA$0.05 | x |
| 2020-03-31 | CA$0.02 | CA$0.05 | x |
| 2021-03-31 | CA$0.08 | CA$0.05 | x |
| 2022-03-31 | CA$0.13 | CA$0.05 | x |
| 2023-03-31 | CA$0.08 | CA$0.05 | x |
| 2024-03-31 | CA$0.06 | CA$0.05 | x |
| 2025-03-31 | CA$0.01 | CA$0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harvest Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -357.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.39x
- Recent ROE (-357.12%) is below the historical average (-122.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -22.75% | 0.00% | 0.00x | 1.03x | CA$-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: $3,457,076,334
- Average return on equity (ROE) among peers: -12.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harvest Gold Corp (HVG) | CA$3.57 Million | -22.75% | 0.10x | $4.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $3.29 Billion |
| Abcourt Mines Inc. (ABI) | $3.33 Million | -20.67% | 0.04x | $77.46 Million |
| Barrick Gold Corp (ABX) | $32.31 Billion | 6.26% | 0.45x | $70.55 Billion |
| American Eagle Gold Corp (AE) | $35.20 Million | -22.32% | 0.04x | $142.56 Million |
| Agnico Eagle Mines Limited (AEM) | $2.06 Billion | 6.77% | 0.33x | $86.35 Billion |
| Alamos Gold Inc (AGI) | $25.69 Million | -7.53% | 0.11x | $15.94 Billion |
| AIS Resources Ltd (AIS) | $479.48K | -11.79% | 0.06x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-655.60K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $24.24 Million | -6.73% | 0.03x | $41.82 Million |
| Almaden Minerals Ltd (AMM) | $5.18 Million | -58.59% | 0.09x | $24.82 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 193 claims covering an area of 9,735.56 hectares located in the Abitibi Region of Quebec. Harvest Gold Corporation is h… Read more