Westgate Energy Inc.
Westgate Energy Inc. engages in the exploration, development, and production of oil and natural gas in Western Canada. The company operates Killam Property. It also holds a 100% working interest in six sections of mineral rights covering area of 1,536 hectares located in the Cold Lake Oil Sands Area, Alberta. In addition, the company focuses on Mannville Stack fairway located in East-Central Albe… Read more
Westgate Energy Inc. (WGT) - Net Assets
Latest net assets as of September 2025: CA$6.22 Million CAD
Based on the latest financial reports, Westgate Energy Inc. (WGT) has net assets worth CA$6.22 Million 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$28.43 Million) and total liabilities (CA$22.21 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$6.22 Million |
| % of Total Assets | 21.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Westgate Energy Inc. - Net Assets Trend (2022–2024)
This chart illustrates how Westgate Energy 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 Westgate Energy Inc. (2022–2024)
The table below shows the annual net assets of Westgate Energy Inc. from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$10.81 Million | +73.40% |
| 2023-12-31 | CA$6.24 Million | +40135.35% |
| 2022-12-31 | CA$-15.57K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westgate Energy 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 476212600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$15.59 Million | 144.20% |
| Total Equity | CA$10.81 Million | 100.00% |
Westgate Energy Inc. Competitors by Market Cap
The table below lists competitors of Westgate Energy Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LSI Software S.A.
WAR:LSI
|
$11.18 Million |
|
Treatment.Com International Inc
OTCQB:TREIF
|
$11.18 Million |
|
STXYF
PINK:STXYF
|
$11.18 Million |
|
Sinmah Capital Bhd
KLSE:9776
|
$11.19 Million |
|
First Tellurium Corp
OTCQB:FSTTF
|
$11.17 Million |
|
Dan Hotels
TA:DANH
|
$11.17 Million |
|
Boustead Heavy Industries
KLSE:8133
|
$11.17 Million |
|
Triniti Dinamik PT Tbk
JK:TRUE
|
$11.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westgate Energy Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,235,505 to 10,812,315, a change of 4,576,810 (73.4%).
- Net loss of 3,039,998 reduced equity.
- New share issuances of 7,035,090 increased equity.
- Other factors increased equity by 581,718.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.04 Million | -28.12% |
| Share Issuances | CA$7.04 Million | +65.07% |
| Other Changes | CA$581.72K | +5.38% |
| Total Change | CA$- | 73.40% |
Book Value vs Market Value Analysis
This analysis compares Westgate Energy 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: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | CA$0.00 | CA$0.27 | x |
| 2023-12-31 | CA$0.12 | CA$0.27 | x |
| 2024-12-31 | CA$0.21 | CA$0.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westgate Energy Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -85.15%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.43x
- Recent ROE (-28.12%) is below the historical average (-18.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 0.00% | -143.53% | 3.35x | 0.00x | CA$-1.72 Million |
| 2023 | -27.62% | -143.53% | 0.11x | 1.73x | CA$-2.35 Million |
| 2024 | -28.12% | -85.15% | 0.23x | 1.43x | CA$-4.12 Million |
Industry Comparison
This section compares Westgate Energy Inc.'s net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $127,674,500
- Average return on equity (ROE) among peers: -4.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westgate Energy Inc. (WGT) | CA$6.22 Million | 0.00% | 3.57x | $11.17 Million |
| ACT Energy Technologies Ltd. (ACX) | $241.58 Million | 23.97% | 0.96x | $113.97 Million |
| Stampede Drilling Inc (SDI) | $13.77 Million | -32.12% | 0.06x | $22.57 Million |