Westhaven Ventures Inc (WHN) - Net Assets

Latest as of September 2025: CA$43.66 Million CAD ≈ $31.58 Million USD

Based on the latest financial reports, Westhaven Ventures Inc (WHN) has net assets worth CA$43.66 Million CAD (≈ $31.58 Million USD) 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 ≈ $33.51 Million USD) and total liabilities (CA$2.67 Million ≈ $1.93 Million 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 asset resilience ratio of Westhaven Ventures Inc to evaluate the company's liquid asset resilience ratio.

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. Also explore Westhaven Ventures Inc asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see WHN market cap.

Year	Net Assets	Change
2024-12-31	CA$37.14 Million ≈ $26.87 Million	+17.61%
2023-12-31	CA$31.58 Million ≈ $22.85 Million	-5.10%
2022-12-31	CA$33.28 Million ≈ $24.07 Million	+12.00%
2021-12-31	CA$29.71 Million ≈ $21.49 Million	+77.70%
2020-12-31	CA$16.72 Million ≈ $12.10 Million	+27.64%
2019-12-31	CA$13.10 Million ≈ $9.48 Million	+167.92%
2018-12-31	CA$4.89 Million ≈ $3.54 Million	+83.31%
2017-12-31	CA$2.67 Million ≈ $1.93 Million	+22.14%
2016-12-31	CA$2.18 Million ≈ $1.58 Million	+118.00%
2015-12-31	CA$1.00 Million ≈ $724.65K	-27.38%
2014-12-31	CA$1.38 Million ≈ $997.85K	+19.31%
2013-12-31	CA$1.16 Million ≈ $836.34K	+18.00%
2012-12-31	CA$979.77K ≈ $708.75K	+34.05%
2011-12-31	CA$730.88K ≈ $528.71K	-16.79%
2010-12-31	CA$878.34K ≈ $635.38K	--

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
Boom Logistics Ltd AU:BOL	$50.84 Million
Pengana Capital Group Ltd AU:PCG	$50.86 Million
City Service SE WAR:CTS	$50.89 Million
Signetics Corporation KQ:033170	$50.89 Million
Cross Timbers Royalty Trust NYSE:CRT	$50.82 Million
Vinyl Chemicals (India) Limited NSE:VINYLINDIA	$50.81 Million
Southport Acquisition Corp NYSE:PORT	$50.81 Million
Broadwind Energy Inc NASDAQ:BWEN	$50.81 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: 1.45x
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 0.42x to 1.45x 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$0.29	x
2011-12-31	CA$0.13	CA$0.29	x
2012-12-31	CA$0.10	CA$0.29	x
2013-12-31	CA$0.06	CA$0.29	x
2014-12-31	CA$0.06	CA$0.29	x
2015-12-31	CA$0.03	CA$0.29	x
2016-12-31	CA$0.05	CA$0.29	x
2017-12-31	CA$0.05	CA$0.29	x
2018-12-31	CA$0.07	CA$0.29	x
2019-12-31	CA$0.14	CA$0.29	x
2020-12-31	CA$0.17	CA$0.29	x
2021-12-31	CA$0.24	CA$0.29	x
2022-12-31	CA$0.25	CA$0.29	x
2023-12-31	CA$0.24	CA$0.29	x
2024-12-31	CA$0.20	CA$0.29	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: $3,760,003,957
Average return on equity (ROE) among peers: -45.85%

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	$50.84 Million
Allied Gold Corporation (AAUC)	$111.36 Million	-6.66%	4.92x	$3.60 Billion
Abcourt Mines Inc. (ABI)	$7.35 Million	-6.57%	0.04x	$86.06 Million
Barrick Gold Corp (ABX)	$33.26 Billion	6.45%	0.43x	$63.93 Billion
American Eagle Gold Corp (AE)	$-27.08K	0.00%	0.00x	$138.81 Million
Agnico Eagle Mines Limited (AEM)	$4.14 Billion	0.59%	0.61x	$90.48 Billion
Alamos Gold Inc (AGI)	$77.65 Million	-12.17%	0.63x	$16.27 Billion
AIS Resources Ltd (AIS)	$4.30 Million	-39.03%	0.30x	$1.76 Million
Alliance Mining Corp (ALM)	$-3.10 Million	0.00%	0.00x	$1.58 Million
Altamira Gold Corp (ALTA)	$305.15K	-342.52%	0.51x	$38.60 Million
Almaden Minerals Ltd (AMM)	$5.18 Million	-58.59%	0.09x	$24.82 Million

About Westhaven Ventures Inc

V:WHN Canada Gold

Market Cap

$50.84 Million

CA$70.28 Million CAD

Market Cap Rank

#21818 Global

#779 in Canada

Share Price

CA$0.29

Change (1 day)

+1.79%

52-Week Range

CA$0.12 - CA$0.32

All Time High

CA$1.38