Westhaven Ventures Inc

V:WHN Canada Gold
Market Cap
$43.78 Million
CA$62.88 Million CAD
Market Cap Rank
#22704 Global
#107 in Canada
Share Price
CA$0.26
Change (1 day)
-15.00%
52-Week Range
CA$0.11 - CA$0.32
All Time High
CA$1.38
Categories
Companies in Canada Gold
About

Westhaven Gold Corp. engages in the acquisition, exploration, and development, and evaluation of resource properties in Canada. It primarily explores for gold and silver deposits. The company's flagship project is the Shovelnose project, which covers approximately 41,634 hectares located in the Spences Bridge Gold Belt in British Columbia, Canada. The company was formerly known as Westhaven Ventu… Read more

Westhaven Ventures Inc (WHN) - Net Assets

Latest net assets as of September 2025: CA$43.66 Million CAD

Based on the latest financial reports, Westhaven Ventures Inc (WHN) has net assets worth CA$43.66 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$46.33 Million) and total liabilities (CA$2.67 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$43.66 Million
% of Total Assets 94.24%
Annual Growth Rate 30.66%
5-Year Change 122.13%
10-Year Change 3607.78%
Growth Volatility 52.26

Westhaven Ventures Inc - Net Assets Trend (2010–2024)

This chart illustrates how Westhaven Ventures 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 Westhaven Ventures Inc (2010–2024)

The table below shows the annual net assets of Westhaven Ventures Inc from 2010 to 2024.

Year Net Assets Change
2024-12-31 CA$37.14 Million +17.61%
2023-12-31 CA$31.58 Million -5.10%
2022-12-31 CA$33.28 Million +12.00%
2021-12-31 CA$29.71 Million +77.70%
2020-12-31 CA$16.72 Million +27.64%
2019-12-31 CA$13.10 Million +167.92%
2018-12-31 CA$4.89 Million +83.31%
2017-12-31 CA$2.67 Million +22.14%
2016-12-31 CA$2.18 Million +118.00%
2015-12-31 CA$1.00 Million -27.38%
2014-12-31 CA$1.38 Million +19.31%
2013-12-31 CA$1.16 Million +18.00%
2012-12-31 CA$979.77K +34.05%
2011-12-31 CA$730.88K -16.79%
2010-12-31 CA$878.34K --

Equity Component Analysis

This analysis shows how different components contribute to Westhaven Ventures 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 1325440900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components CA$50.58 Million 136.19%
Total Equity CA$37.14 Million 100.00%

Westhaven Ventures Inc Competitors by Market Cap

The table below lists competitors of Westhaven Ventures Inc ranked by their market capitalization.

Company Market Cap
Aureus Greenway Holdings Inc. Common Stock
NASDAQ:AGH
 		$36.62 Million
Next Capital Public Company Limited
BK:NCAP
 		$36.63 Million
Cenit AG
LSE:0MUF
 		$36.63 Million
Mark Dynamics Indonesia Tbk PT
JK:MARK
 		$36.64 Million
Ablerex Electronics Co Ltd
TWO:3628
 		$36.60 Million
Platform Turizm Tasimacilik AS
IS:PLTUR
 		$36.60 Million
Argo Yachts Development Co.,Ltd.
TWO:7566
 		$36.59 Million
Dhampur Sugar Mills Limited
NSE:DHAMPURSUG
 		$36.59 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Westhaven Ventures Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 31,581,752 to 37,142,782, a change of 5,561,030 (17.6%).
  • Net loss of 2,576,471 reduced equity.
  • New share issuances of 9,360,577 increased equity.
  • Other comprehensive income decreased equity by 4,862,832.
  • Other factors increased equity by 3,639,756.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$-2.58 Million -6.94%
Share Issuances CA$9.36 Million +25.2%
Other Comprehensive Income CA$-4.86 Million -13.09%
Other Changes CA$3.64 Million +9.8%
Total Change CA$- 17.61%

Book Value vs Market Value Analysis

This analysis compares Westhaven Ventures 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: 1.29x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.38x to 1.29x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2010-12-31 CA$0.68 CA$0.26 x
2011-12-31 CA$0.13 CA$0.26 x
2012-12-31 CA$0.10 CA$0.26 x
2013-12-31 CA$0.06 CA$0.26 x
2014-12-31 CA$0.06 CA$0.26 x
2015-12-31 CA$0.03 CA$0.26 x
2016-12-31 CA$0.05 CA$0.26 x
2017-12-31 CA$0.05 CA$0.26 x
2018-12-31 CA$0.07 CA$0.26 x
2019-12-31 CA$0.14 CA$0.26 x
2020-12-31 CA$0.17 CA$0.26 x
2021-12-31 CA$0.24 CA$0.26 x
2022-12-31 CA$0.25 CA$0.26 x
2023-12-31 CA$0.24 CA$0.26 x
2024-12-31 CA$0.20 CA$0.26 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Westhaven Ventures 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): -6.94%
  • 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: 1.08x
  • Recent ROE (-6.94%) is above the historical average (-23.34%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2010 -21.19% 0.00% 0.00x 1.06x CA$-273.97K
2011 -24.58% 0.00% 0.00x 1.21x CA$-252.75K
2012 -26.12% 0.00% 0.00x 1.07x CA$-353.93K
2013 -16.21% 0.00% 0.00x 1.04x CA$-303.00K
2014 -21.82% 0.00% 0.00x 1.20x CA$-438.91K
2015 -100.05% 0.00% 0.00x 1.50x CA$-1.10 Million
2016 -18.61% 0.00% 0.00x 1.25x CA$-624.79K
2017 -15.29% 0.00% 0.00x 1.24x CA$-674.56K
2018 -61.82% 0.00% 0.00x 1.08x CA$-3.51 Million
2019 -12.74% 0.00% 0.00x 1.07x CA$-2.98 Million
2020 -5.68% 0.00% 0.00x 1.12x CA$-2.62 Million
2021 -6.90% 0.00% 0.00x 1.03x CA$-5.02 Million
2022 -3.75% 0.00% 0.00x 1.04x CA$-4.58 Million
2023 -8.34% 0.00% 0.00x 1.07x CA$-5.79 Million
2024 -6.94% 0.00% 0.00x 1.08x CA$-6.29 Million

Industry Comparison

This section compares Westhaven Ventures Inc's net assets metrics with peer companies in the Gold industry.

Industry Context

  • Industry: Gold
  • Average net assets among peers: $3,323,818
  • Average return on equity (ROE) among peers: -12.01%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Westhaven Ventures Inc (WHN) CA$43.66 Million -21.19% 0.06x $36.61 Million
Athabasca Minerals Inc (ABM) $14.67 Million -17.11% 0.38x $3.80 Million
AIS Resources Ltd (AIS) $733.20K -18.86% 0.02x $1.22 Million
Algo Grande Copper Corp. (ALGR) $3.28 Million -19.80% 0.18x $7.66 Million
Alliance Mining Corp (ALM) $-2.44 Million 0.00% 0.00x $1.27 Million
Argus Metals Corp. (AML) $-194.53K 0.00% 0.00x $248.82K
Antler Gold Inc (ANTL) $5.56 Million -15.72% 0.05x $3.41 Million
Apogee Minerals Ltd (APMI) $509.07K -27.00% 0.02x $1.15 Million
Awale Resources Ltd (ARIC) $11.21 Million -15.12% 0.10x $38.72 Million
Au Gold Corp (AUGC) $1.73 Million -6.53% 0.01x $4.70 Million
AUX Resources Corporation (AUX) $-1.82 Million 0.00% 0.00x $12.37 Million