Wescan Goldfields Inc (WGF) - Net Assets
Based on the latest financial reports, Wescan Goldfields Inc (WGF) has net assets worth CA$-434.10K 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$19.77K) and total liabilities (CA$453.87K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-434.10K |
| % of Total Assets | -2195.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 44.76 |
Wescan Goldfields Inc - Net Assets Trend (2013–2024)
This chart illustrates how Wescan Goldfields Inc'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 Goldfields Inc (2013–2024)
The table below shows the annual net assets of Wescan Goldfields Inc from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-221.46K | -315.40% |
| 2023-12-31 | CA$-53.31K | -144.28% |
| 2022-12-31 | CA$120.40K | +231.70% |
| 2021-12-31 | CA$-91.42K | -212.77% |
| 2020-12-31 | CA$-29.23K | -199.67% |
| 2019-12-31 | CA$29.33K | -77.67% |
| 2018-12-31 | CA$131.32K | +439.99% |
| 2017-12-31 | CA$-38.62K | -167.68% |
| 2016-12-31 | CA$57.07K | +123.76% |
| 2015-12-31 | CA$-240.18K | +38.00% |
| 2014-12-31 | CA$-387.39K | +41.22% |
| 2013-12-31 | CA$-659.03K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wescan Goldfields 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 133477100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$23.81 Million | % |
| Total Equity | CA$-221.46K | 100.00% |
Wescan Goldfields Inc Competitors by Market Cap
The table below lists competitors of Wescan Goldfields Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zero Candida Technologies Inc.
V:ZCT
|
$2.68 Million |
|
Omega Therapeutics Inc
NASDAQ:OMGA
|
$2.69 Million |
|
Silver Predator Corp
V:SPD
|
$2.69 Million |
|
Generation Gold Corp.
V:GEN
|
$2.69 Million |
|
Icon Energy Corp.
NASDAQ:ICON
|
$2.68 Million |
|
Olivut Resources Ltd
V:OLV
|
$2.68 Million |
|
Sherborne Investors Guernsey C Ltd
LSE:SIGC
|
$2.68 Million |
|
Sanichi Technology Bhd
KLSE:0133
|
$2.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wescan Goldfields Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -53,313 to -221,462, a change of -168,149.
- Net loss of 168,149 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-168.15K | -75.93% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Wescan Goldfields 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$0.00 | CA$0.21 | x |
| 2018-12-31 | CA$0.00 | CA$0.21 | x |
| 2019-12-31 | CA$0.00 | CA$0.21 | x |
| 2020-12-31 | CA$0.00 | CA$0.21 | x |
| 2021-12-31 | CA$0.00 | CA$0.21 | x |
| 2022-12-31 | CA$0.00 | CA$0.21 | x |
| 2023-12-31 | CA$0.00 | CA$0.21 | x |
| 2024-12-31 | CA$0.00 | CA$0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wescan Goldfields Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-50.77%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-336.90K |
| 2014 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-46.47K |
| 2015 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-36.60K |
| 2016 | -181.70% | 0.00% | 0.00x | 6.81x | CA$-109.40K |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-175.61K |
| 2018 | 31.59% | 0.00% | 0.00x | 1.73x | CA$28.36K |
| 2019 | -347.79% | 0.00% | 0.00x | 4.11x | CA$-104.93K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-55.63K |
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-123.76K |
| 2022 | -111.34% | 0.00% | 0.00x | 1.84x | CA$-146.10K |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-346.27K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-146.00K |
Industry Comparison
This section compares Wescan Goldfields Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $37,435,313
- Average return on equity (ROE) among peers: -27.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wescan Goldfields Inc (WGF) | CA$-434.10K | 0.00% | N/A | $2.68 Million |
| Abcourt Mines Inc. (ABI) | $-3.13 Million | 0.00% | 0.00x | $86.06 Million |
| Athabasca Minerals Inc (ABM) | $20.44 Million | -35.77% | 0.45x | $3.68 Million |
| American Eagle Gold Corp (AE) | $3.52 Million | -143.42% | 0.34x | $148.82 Million |
| Aero Energy Limited (AERO) | $14.72 Million | -5.86% | 0.05x | $9.68 Million |
| AIS Resources Ltd (AIS) | $1.78 Million | -62.23% | 0.56x | $1.76 Million |
| Algo Grande Copper Corp. (ALGR) | $3.28 Million | -19.80% | 0.18x | $9.71 Million |
| Alkane Resources Limited (ALK) | $309.37 Million | 5.71% | 0.50x | $985.87 Million |
| Alliance Mining Corp (ALM) | $-656.72K | 0.00% | 0.00x | $1.58 Million |
| Altamira Gold Corp (ALTA) | $21.46 Million | -7.16% | 0.01x | $38.60 Million |
| Argus Metals Corp. (AML) | $3.56 Million | -6.01% | 0.17x | $1.59 Million |
About Wescan Goldfields Inc
Wescan Goldfields Inc., a mineral exploration company, focuses on acquisition and exploration of properties in Canada. The company explores for gold deposits. It holds 100% interest in the Jojay Gold property consisting of five claim blocks covering approximately an area of 1,496 hectares; the Munro Lake Gold property consists of mineral dispositions covering 2,480 hectares; and the Fork Lake/Jas… Read more