Highway 50 Gold Corp (HWY) - Net Assets
Based on the latest financial reports, Highway 50 Gold Corp (HWY) has net assets worth CA$4.52 Million CAD (≈ $3.27 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$5.26 Million ≈ $3.80 Million USD) and total liabilities (CA$742.98K ≈ $537.46K 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 equity quality of Highway 50 Gold Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$4.52 Million |
| % of Total Assets | 85.87% |
| Annual Growth Rate | 7.67% |
| 5-Year Change | 37.75% |
| 10-Year Change | 31.4% |
| Growth Volatility | 149.95 |
Highway 50 Gold Corp - Net Assets Trend (2013–2025)
This chart illustrates how Highway 50 Gold Corp's net assets have evolved over time, based on quarterly financial data. See HWY cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Highway 50 Gold Corp (2013–2025)
The table below shows the annual net assets of Highway 50 Gold Corp from 2013 to 2025. For live valuation and market cap data, see Highway 50 Gold Corp (HWY) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$4.52 Million ≈ $3.27 Million |
+523.11% |
| 2024-12-31 | CA$724.91K ≈ $524.39K |
-14.08% |
| 2023-12-31 | CA$843.72K ≈ $610.34K |
-80.87% |
| 2022-12-31 | CA$4.41 Million ≈ $3.19 Million |
+34.50% |
| 2021-12-31 | CA$3.28 Million ≈ $2.37 Million |
+20.03% |
| 2020-12-31 | CA$2.73 Million ≈ $1.98 Million |
-7.39% |
| 2019-12-31 | CA$2.95 Million ≈ $2.13 Million |
-6.66% |
| 2018-12-31 | CA$3.16 Million ≈ $2.29 Million |
-17.94% |
| 2017-12-31 | CA$3.85 Million ≈ $2.79 Million |
+12.04% |
| 2016-12-31 | CA$3.44 Million ≈ $2.49 Million |
-9.49% |
| 2015-12-31 | CA$3.80 Million ≈ $2.75 Million |
-5.94% |
| 2014-12-31 | CA$4.04 Million ≈ $2.92 Million |
+117.00% |
| 2013-12-31 | CA$1.86 Million ≈ $1.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Highway 50 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 1129505100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$18.04 Million | 399.47% |
| Total Equity | CA$4.52 Million | 100.00% |
Highway 50 Gold Corp Competitors by Market Cap
The table below lists competitors of Highway 50 Gold Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rcm Beteiligungs AG
F:RCMN
|
$13.87 Million |
|
Obiz Concept SAS
PA:ALBIZ
|
$13.87 Million |
|
Mayfield Childcare Ltd
AU:MFD
|
$13.88 Million |
|
Soditech SA
PA:SEC
|
$13.88 Million |
|
Korea Mcnulty Co Ltd
KQ:222980
|
$13.84 Million |
|
Boule Diagnostics AB
ST:BOUL
|
$13.83 Million |
|
Exicure Inc
NASDAQ:XCUR
|
$13.83 Million |
|
Airthings ASA
OL:AIRX
|
$13.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highway 50 Gold Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 724,907 to 4,516,961, a change of 3,792,054 (523.1%).
- Net loss of 832,188 reduced equity.
- New share issuances of 4,460,350 increased equity.
- Other factors increased equity by 163,892.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-832.19K | -18.42% |
| Share Issuances | CA$4.46 Million | +98.75% |
| Other Changes | CA$163.89K | +3.63% |
| Total Change | CA$- | 523.11% |
Book Value vs Market Value Analysis
This analysis compares Highway 50 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: 3.66x
- 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 3.38x to 3.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.13 | CA$0.43 | x |
| 2018-12-31 | CA$0.09 | CA$0.43 | x |
| 2019-12-31 | CA$0.08 | CA$0.43 | x |
| 2020-12-31 | CA$0.07 | CA$0.43 | x |
| 2021-12-31 | CA$0.08 | CA$0.43 | x |
| 2022-12-31 | CA$0.21 | CA$0.43 | x |
| 2023-12-31 | CA$0.04 | CA$0.43 | x |
| 2024-12-31 | CA$0.03 | CA$0.43 | x |
| 2025-12-31 | CA$0.12 | CA$0.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highway 50 Gold Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -18.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.16x
- Recent ROE (-18.42%) is above the historical average (-64.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -12.63% | 0.00% | 0.00x | 1.21x | CA$-421.03K |
| 2014 | -12.60% | 0.00% | 0.00x | 1.04x | CA$-912.58K |
| 2015 | -13.59% | 0.00% | 0.00x | 1.00x | CA$-895.87K |
| 2016 | -16.39% | 0.00% | 0.00x | 1.00x | CA$-907.26K |
| 2017 | -11.80% | 0.00% | 0.00x | 1.04x | CA$-839.47K |
| 2018 | -67.03% | 0.00% | 0.00x | 1.15x | CA$-2.43 Million |
| 2019 | -16.71% | 0.00% | 0.00x | 1.26x | CA$-787.74K |
| 2020 | -35.41% | 0.00% | 0.00x | 1.51x | CA$-1.24 Million |
| 2021 | -24.53% | 0.00% | 0.00x | 1.54x | CA$-1.13 Million |
| 2022 | 25.63% | 0.00% | 0.00x | 1.10x | CA$689.22K |
| 2023 | -512.52% | 0.00% | 0.00x | 1.48x | CA$-4.41 Million |
| 2024 | -116.37% | 0.00% | 0.00x | 1.86x | CA$-916.05K |
| 2025 | -18.42% | 0.00% | 0.00x | 1.16x | CA$-1.28 Million |
Industry Comparison
This section compares Highway 50 Gold Corp'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 |
|---|---|---|---|---|
| Highway 50 Gold Corp (HWY) | CA$4.52 Million | -12.63% | 0.16x | $13.85 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 Highway 50 Gold Corp
Highway 50 Gold Corp. engages in the exploration and evaluation of assets located in Canada and the United States. It explores for gold deposits. The company was formerly known as Tatmar Ventures Inc. and changed its name to Highway 50 Gold Corp. in July 2011. Highway 50 Gold Corp. was incorporated in 2004 and is headquartered in Vancouver, Canada.