Wescan Goldfields Inc (WGF) - Net Assets
Based on the latest financial reports, Wescan Goldfields Inc (WGF) has net assets worth CA$14.18K CAD (≈ $10.25K 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$576.35K ≈ $416.92K USD) and total liabilities (CA$562.18K ≈ $406.67K 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 WGF goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$14.18K |
| % of Total Assets | 2.46% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -75.16% |
| Growth Volatility | 44.76 |
Wescan Goldfields Inc - Net Assets Trend (2013–2025)
This chart illustrates how Wescan Goldfields Inc's net assets have evolved over time, based on quarterly financial data. See WGF defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Wescan Goldfields Inc (2013–2025)
The table below shows the annual net assets of Wescan Goldfields Inc from 2013 to 2025. For live valuation and market cap data, see Wescan Goldfields Inc (WGF) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$14.18K ≈ $10.25K |
+106.40% |
| 2024-12-31 | CA$-221.46K ≈ $-160.20K |
-315.40% |
| 2023-12-31 | CA$-53.31K ≈ $-38.57K |
-144.28% |
| 2022-12-31 | CA$120.40K ≈ $87.10K |
+231.70% |
| 2021-12-31 | CA$-91.42K ≈ $-66.13K |
-212.77% |
| 2020-12-31 | CA$-29.23K ≈ $-21.14K |
-199.67% |
| 2019-12-31 | CA$29.33K ≈ $21.21K |
-77.67% |
| 2018-12-31 | CA$131.32K ≈ $95.00K |
+439.99% |
| 2017-12-31 | CA$-38.62K ≈ $-27.94K |
-167.68% |
| 2016-12-31 | CA$57.07K ≈ $41.28K |
+123.76% |
| 2015-12-31 | CA$-240.18K ≈ $-173.75K |
+38.00% |
| 2014-12-31 | CA$-387.39K ≈ $-280.23K |
+41.22% |
| 2013-12-31 | CA$-659.03K ≈ $-476.73K |
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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 170630500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$24.41 Million | 172212.82% |
| Total Equity | CA$14.18K | 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 |
|---|---|
|
Samyoung S&C Co. Ltd.
KQ:361670
|
$9.98 Million |
|
Electric Royalties Ltd
V:ELEC
|
$9.98 Million |
|
Silver Range Resources Ltd
V:SNG
|
$9.99 Million |
|
Zyrexindo Mandiri Buana PT Tbk
JK:ZYRX
|
$10.00 Million |
|
SACCHERIA F.LLI FRANCES.
F:YV1
|
$9.98 Million |
|
Bawat Water Technologies AB
ST:BAWAT
|
$9.97 Million |
|
Tarjar Xairo Socimi SA
MC:YTAR
|
$9.97 Million |
|
Clean Air Metals Inc
V:AIR
|
$9.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wescan Goldfields Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -221,462 to 14,176, a change of 235,638.
- Net loss of 371,534 reduced equity.
- New share issuances of 600,000 increased equity.
- Other factors increased equity by 7,172.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-371.53K | -2620.87% |
| Share Issuances | CA$600.00K | +4232.51% |
| Other Changes | CA$7.17K | +50.59% |
| Total Change | CA$- | % |
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
- Current price-to-book ratio: 973.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
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 |
| 2025-12-31 | CA$0.00 | CA$0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wescan Goldfields Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -2620.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 40.66x
- Recent ROE (-2620.87%) is below the historical average (-248.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-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$-146.00K |
| 2025 | -2620.87% | 0.00% | 0.00x | 40.66x | CA$-372.95K |
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: $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 |
|---|---|---|---|---|
| Wescan Goldfields Inc (WGF) | CA$14.18K | 0.00% | 39.66x | $9.98 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 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