WesCan Energy Corp (WCE) - Net Assets
Based on the latest financial reports, WesCan Energy Corp (WCE) has net assets worth CA$970.65K 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$7.19 Million) and total liabilities (CA$6.22 Million). 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$970.65K |
| % of Total Assets | 13.5% |
| Annual Growth Rate | 8.32% |
| 5-Year Change | 12.37% |
| 10-Year Change | -46.5% |
| Growth Volatility | 176.46 |
WesCan Energy Corp - Net Assets Trend (1998–2025)
This chart illustrates how WesCan Energy 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 WesCan Energy Corp (1998–2025)
The table below shows the annual net assets of WesCan Energy Corp from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | CA$1.30 Million | -22.52% |
| 2024-03-31 | CA$1.67 Million | +4.81% |
| 2023-03-31 | CA$1.60 Million | +14.07% |
| 2022-03-31 | CA$1.40 Million | +21.31% |
| 2021-03-31 | CA$1.15 Million | +110.60% |
| 2020-03-31 | CA$547.95K | -84.33% |
| 2019-03-31 | CA$3.50 Million | -4.67% |
| 2018-03-31 | CA$3.67 Million | -8.90% |
| 2017-03-31 | CA$4.03 Million | +66.08% |
| 2016-03-31 | CA$2.42 Million | +431.53% |
| 2015-03-31 | CA$-731.10K | +8.52% |
| 2014-03-31 | CA$-799.21K | +11.80% |
| 2013-03-31 | CA$-906.18K | -42.27% |
| 2012-03-31 | CA$-636.95K | -191.03% |
| 2011-03-31 | CA$699.68K | +198.19% |
| 2010-03-31 | CA$234.64K | -67.12% |
| 2009-03-31 | CA$713.62K | -60.47% |
| 2008-03-31 | CA$1.81 Million | +144.26% |
| 2007-03-31 | CA$739.10K | +610.64% |
| 2006-03-31 | CA$104.00K | +113.94% |
| 2005-03-31 | CA$-745.88K | -170.08% |
| 2004-03-31 | CA$-276.17K | +1.22% |
| 2003-03-31 | CA$-279.59K | -72.98% |
| 2002-03-31 | CA$-161.63K | -62.11% |
| 2001-03-31 | CA$-99.71K | -97.57% |
| 1999-03-31 | CA$-50.47K | -133.68% |
| 1998-03-31 | CA$149.84K | -- |
Equity Component Analysis
This analysis shows how different components contribute to WesCan Energy 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 1339401000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$16.48 Million | 1271.11% |
| Total Equity | CA$1.30 Million | 100.00% |
WesCan Energy Corp Competitors by Market Cap
The table below lists competitors of WesCan Energy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Steadfast Marine PT
JK:KPAL
|
$3.13 Million |
|
Serabi Gold PLC
LSE:SRB
|
$3.13 Million |
|
ACTEOS S.A
PA:EOS
|
$3.13 Million |
|
AB Utenos Trikotazas
MU:UD5
|
$3.14 Million |
|
Parkd Ltd
AU:PKD
|
$3.12 Million |
|
Clear Blue Technologies International Inc
V:CBLU
|
$3.12 Million |
|
Angel Wing Metals Inc
V:AWM
|
$3.12 Million |
|
Transition Evergreen
PA:EGR
|
$3.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WesCan Energy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,673,618 to 1,296,758, a change of -376,860 (-22.5%).
- Net loss of 799,969 reduced equity.
- Other comprehensive income decreased equity by 1,694,167.
- Other factors increased equity by 2,117,276.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-799.97K | -61.69% |
| Other Comprehensive Income | CA$-1.69 Million | -130.65% |
| Other Changes | CA$2.12 Million | +163.27% |
| Total Change | CA$- | -22.52% |
Book Value vs Market Value Analysis
This analysis compares WesCan Energy 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: 3.61x
- 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 0.07x to 3.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-03-31 | CA$1.56 | CA$0.11 | x |
| 1999-03-31 | CA$-0.53 | CA$0.11 | x |
| 2001-03-31 | CA$-1.05 | CA$0.11 | x |
| 2002-03-31 | CA$-2.28 | CA$0.11 | x |
| 2003-03-31 | CA$-1.30 | CA$0.11 | x |
| 2004-03-31 | CA$-0.80 | CA$0.11 | x |
| 2005-03-31 | CA$-2.04 | CA$0.11 | x |
| 2006-03-31 | CA$0.20 | CA$0.11 | x |
| 2007-03-31 | CA$1.07 | CA$0.11 | x |
| 2008-03-31 | CA$1.94 | CA$0.11 | x |
| 2009-03-31 | CA$0.64 | CA$0.11 | x |
| 2010-03-31 | CA$0.18 | CA$0.11 | x |
| 2011-03-31 | CA$0.39 | CA$0.11 | x |
| 2012-03-31 | CA$-0.27 | CA$0.11 | x |
| 2013-03-31 | CA$-0.30 | CA$0.11 | x |
| 2014-03-31 | CA$-0.08 | CA$0.11 | x |
| 2015-03-31 | CA$-0.03 | CA$0.11 | x |
| 2016-03-31 | CA$0.11 | CA$0.11 | x |
| 2017-03-31 | CA$0.19 | CA$0.11 | x |
| 2018-03-31 | CA$0.15 | CA$0.11 | x |
| 2019-03-31 | CA$0.11 | CA$0.11 | x |
| 2020-03-31 | CA$0.02 | CA$0.11 | x |
| 2021-03-31 | CA$0.04 | CA$0.11 | x |
| 2022-03-31 | CA$0.04 | CA$0.11 | x |
| 2023-03-31 | CA$0.04 | CA$0.11 | x |
| 2024-03-31 | CA$0.04 | CA$0.11 | x |
| 2025-03-31 | CA$0.03 | CA$0.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WesCan Energy Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -61.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.83%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 4.51x
- Recent ROE (-61.69%) is above the historical average (-103.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -583.62% | -496.45% | 0.66x | 1.79x | CA$-889.48K |
| 1999 | 0.00% | -425.86% | 0.82x | 0.00x | CA$-381.01K |
| 2001 | 0.00% | -2679.04% | 0.12x | 0.00x | CA$-475.39K |
| 2002 | 0.00% | -2557.72% | 0.13x | 0.00x | CA$-372.61K |
| 2003 | 0.00% | -36465.90% | 0.04x | 0.00x | CA$-336.70K |
| 2004 | 0.00% | -5106.10% | 0.32x | 0.00x | CA$-712.00K |
| 2005 | 0.00% | -7431.10% | 0.17x | 0.00x | CA$-432.14K |
| 2006 | -621.06% | 0.00% | 0.00x | 3.49x | CA$-656.33K |
| 2007 | -99.51% | 0.00% | 0.00x | 1.82x | CA$-809.42K |
| 2008 | -48.07% | -166.08% | 0.20x | 1.42x | CA$-1.05 Million |
| 2009 | -278.24% | -650.41% | 0.20x | 2.11x | CA$-2.06 Million |
| 2010 | -577.54% | -964.70% | 0.17x | 3.51x | CA$-1.38 Million |
| 2011 | -177.89% | -743.39% | 0.09x | 2.57x | CA$-1.31 Million |
| 2012 | 0.00% | -1191.27% | 0.17x | 0.00x | CA$-1.31 Million |
| 2013 | 0.00% | -1379.29% | 0.19x | 0.00x | CA$-639.51K |
| 2014 | 0.00% | -1154.41% | 0.21x | 0.00x | CA$-338.11K |
| 2015 | 0.00% | -947.89% | 0.30x | 0.00x | CA$-355.53K |
| 2016 | 130.16% | 258.10% | 0.18x | 2.76x | CA$2.91 Million |
| 2017 | 39.79% | 97.35% | 0.22x | 1.88x | CA$1.20 Million |
| 2018 | -17.15% | -36.70% | 0.24x | 1.96x | CA$-995.53K |
| 2019 | -16.94% | -31.66% | 0.27x | 1.99x | CA$-941.99K |
| 2020 | -538.04% | -208.89% | 0.32x | 8.04x | CA$-3.00 Million |
| 2021 | 37.50% | 4.90% | 1.66x | 4.62x | CA$317.41K |
| 2022 | 4.32% | 4.04% | 0.26x | 4.16x | CA$-79.53K |
| 2023 | -8.49% | -3.87% | 0.50x | 4.41x | CA$-295.27K |
| 2024 | 13.98% | 9.17% | 0.42x | 3.62x | CA$66.55K |
| 2025 | -61.69% | -19.83% | 0.69x | 4.51x | CA$-929.64K |
Industry Comparison
This section compares WesCan Energy Corp's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $769,076,676
- Average return on equity (ROE) among peers: 5.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WesCan Energy Corp (WCE) | CA$970.65K | -583.62% | 6.41x | $3.13 Million |
| Advantage Oil & Gas Ltd. (AAV) | $1.09 Billion | 1.43% | 0.33x | $1.14 Billion |
| Africa Energy Corp (AFE) | $41.44 Million | -11.19% | 0.01x | $83.19 Million |
| Alvopetro Energy (ALV) | $58.62 Million | 9.54% | 0.39x | $218.42 Million |
| Africa Oil Corp (AOI) | $520.15 Million | -4.38% | 0.08x | $820.85 Million |
| Altima Resources Ltd (ARH) | $-3.47 Million | 0.00% | 0.00x | $19.37 Million |
| ARC Resources Ltd. (ARX) | $2.79 Billion | -19.61% | 0.78x | $10.34 Billion |
| Athabasca Oil Corp (ATH) | $3.16 Billion | -7.19% | 0.36x | $3.64 Billion |
| Avanti Energy Inc (AVN) | $15.44 Million | -68.41% | 0.11x | $24.04 Million |
| Arrow Exploration Corp (AXL) | $8.57 Million | 263.57% | 0.10x | $81.68 Million |
| Bison Gold Resources Inc (BGE) | $899.62K | -107.98% | 0.20x | $2.02 Million |
About WesCan Energy Corp
WesCan Energy Corp., a junior public resource company, engages in the development, exploration, and production of oil and gas properties and reserves in Canada and the United States. The company focuses on the exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and Saskatchewan. The company was formerly known as Great Pacific International Inc. and chang… Read more