Westhaven Ventures Inc (WHN) - Net Assets
Based on the latest financial reports, Westhaven Ventures Inc (WHN) has net assets worth CA$44.62 Million CAD (≈ $32.28 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$49.48 Million ≈ $35.79 Million USD) and total liabilities (CA$4.86 Million ≈ $3.51 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 WHN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$44.62 Million |
| % of Total Assets | 90.18% |
| Annual Growth Rate | 29.44% |
| 5-Year Change | 41.93% |
| 10-Year Change | 1831.04% |
| Growth Volatility | 50.89 |
Westhaven Ventures Inc - Net Assets Trend (2010–2025)
This chart illustrates how Westhaven Ventures Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Westhaven Ventures Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Westhaven Ventures Inc (2010–2025)
The table below shows the annual net assets of Westhaven Ventures Inc from 2010 to 2025. For live valuation and market cap data, see WHN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$42.17 Million ≈ $30.51 Million |
+13.54% |
| 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 |
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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 1521283900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$57.57 Million | 136.52% |
| Total Equity | CA$42.17 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 |
|---|---|
|
Pollux Properti Indonesia Tbk PT
JK:POLL
|
$54.59 Million |
|
Copenhagen Capital A/S
CO:CPHCAP-ST
|
$54.61 Million |
|
Chang Type Industrial Co Ltd
TW:1541
|
$54.62 Million |
|
TY Holdings Co Ltd
KO:363280
|
$54.63 Million |
|
CUE Energy Resources Ltd
AU:CUE
|
$54.57 Million |
|
HAMMONIA Schiffsholding AG
HM:HHX
|
$54.57 Million |
|
Nextcom
TA:NXTM
|
$54.56 Million |
|
Wiener Privatbank SE
VI:WPB
|
$54.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westhaven Ventures Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 37,142,782 to 42,170,899, a change of 5,028,117 (13.5%).
- Net loss of 2,537,882 reduced equity.
- New share issuances of 7,760,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-2.54 Million | -6.02% |
| Share Issuances | CA$7.76 Million | +18.4% |
| Other Changes | CA$-194.00K | -0.46% |
| Total Change | CA$- | 13.54% |
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: 1.70x
- 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 0.43x to 1.70x 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 |
| 2025-12-31 | CA$0.17 | CA$0.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westhaven Ventures Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.09x
- Recent ROE (-6.02%) is above the historical average (-22.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | -21.19% | 0.00% | 0.00x | 1.06x | CA$-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 |
| 2025 | -6.02% | 0.00% | 0.00x | 1.09x | CA$-6.75 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: $2,627,283,631
- Average return on equity (ROE) among peers: -26.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westhaven Ventures Inc (WHN) | CA$44.62 Million | -21.19% | 0.11x | $54.57 Million |
| Allied Gold Corporation (AAUC) | $416.30 Million | -27.78% | 2.17x | $3.28 Billion |
| Abcourt Mines Inc. (ABI) | $307.00K | -91.86% | 0.01x | $60.24 Million |
| Barrick Gold Corp (ABX) | $5.60 Billion | 4.09% | 0.38x | $69.18 Billion |
| American Eagle Gold Corp (AE) | $3.09 Million | -121.24% | 0.18x | $132.56 Million |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 9.99% | 0.48x | $85.39 Billion |
| Alamos Gold Inc (AGI) | $811.95 Million | 4.78% | 0.11x | $15.61 Billion |
| AIS Resources Ltd (AIS) | $2.11 Million | -4.60% | 0.02x | $2.79 Million |
| Alliance Mining Corp (ALM) | $-2.11 Million | 0.00% | 0.00x | $1.90 Million |
| Altamira Gold Corp (ALTA) | $12.15 Million | -9.13% | 0.05x | $37.53 Million |
| Almaden Minerals Ltd (AMM) | $9.76 Million | -31.42% | 0.05x | $24.82 Million |
About Westhaven Ventures Inc
Westhaven Gold Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties within the Spences Bridge Gold Belt in southern British Columbia, Canada. It explores for gold and silver deposits. The company was formerly known as Westhaven Ventures Inc. and changed its name to Westhaven Gold Corp. in July 2020. Westhaven Gold Corp. was incorporated in 1998 and is h… Read more