Whitemud Resources Inc (WMK) - Net Assets
Based on the latest financial reports, Whitemud Resources Inc (WMK) has net assets worth CA$-6.72 Million CAD (≈ $-4.86 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$9.68 Million ≈ $7.01 Million USD) and total liabilities (CA$16.41 Million ≈ $11.87 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read WMK liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$-6.72 Million |
| % of Total Assets | -69.44% |
| Annual Growth Rate | N/A |
| 5-Year Change | -323.84% |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
Whitemud Resources Inc - Net Assets Trend (2016–2024)
This chart illustrates how Whitemud Resources Inc's net assets have evolved over time, based on quarterly financial data. Also explore Whitemud Resources Inc total assets for the complete picture of this company's asset base.
Annual Net Assets for Whitemud Resources Inc (2016–2024)
The table below shows the annual net assets of Whitemud Resources Inc from 2016 to 2024. For live valuation and market cap data, see how much is Whitemud Resources Inc worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$-3.38 Million ≈ $-2.45 Million |
-60.12% |
| 2023-12-31 | CA$-2.11 Million ≈ $-1.53 Million |
-221.19% |
| 2022-12-31 | CA$-658.16K ≈ $-476.11K |
-5.85% |
| 2021-12-31 | CA$-621.81K ≈ $-449.81K |
-141.12% |
| 2020-12-31 | CA$1.51 Million ≈ $1.09 Million |
+109.01% |
| 2019-12-31 | CA$-16.79 Million ≈ $-12.15 Million |
+11.01% |
| 2018-12-31 | CA$-18.87 Million ≈ $-13.65 Million |
+41.70% |
| 2017-12-31 | CA$-32.36 Million ≈ $-23.41 Million |
-1.28% |
| 2016-12-31 | CA$-31.95 Million ≈ $-23.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Whitemud Resources 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 grown by 2846420500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$83.36 Million | % |
| Total Equity | CA$-3.38 Million | 100.00% |
Whitemud Resources Inc Competitors by Market Cap
The table below lists competitors of Whitemud Resources Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
International Research Corporation Public Company Limited
BK:IRCP
|
$5.05 Million |
|
Carbine Resources Ltd
AU:CRB
|
$5.06 Million |
|
Sebata Holdings Ltd
JSE:SEB
|
$5.07 Million |
|
Pagegroup PLC
LSE:PAGE
|
$5.07 Million |
|
Dart Mining NL
AU:DTM
|
$5.04 Million |
|
Invesco Bond Income Plus Limited
LSE:BIPS
|
$5.04 Million |
|
VITAL BATTERY METALS INC
F:C0O
|
$5.04 Million |
|
Throgmorton Trust Plc
LSE:THRG
|
$5.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Whitemud Resources Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,113,937 to -3,384,857, a change of -1,270,920.
- Net loss of 1,371,867 reduced equity.
- Other factors increased equity by 100,947.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-1.37 Million | -40.53% |
| Other Changes | CA$100.95K | +2.98% |
| Total Change | CA$- | % |
Book Value vs Market Value Analysis
This analysis compares Whitemud Resources 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CA$-0.09 | CA$0.21 | x |
| 2018-12-31 | CA$-0.05 | CA$0.21 | x |
| 2019-12-31 | CA$-0.05 | 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$0.21 | x |
| 2023-12-31 | CA$-0.01 | CA$0.21 | x |
| 2024-12-31 | CA$-0.01 | CA$0.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Whitemud Resources Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1123.06%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (134.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | -81.04% | 0.61x | 0.00x | CA$-2.31 Million |
| 2017 | 0.00% | -12.97% | 0.17x | 0.00x | CA$2.83 Million |
| 2018 | 0.00% | 448.16% | 0.29x | 0.00x | CA$15.38 Million |
| 2019 | 0.00% | 46.72% | 0.47x | 0.00x | CA$3.76 Million |
| 2020 | 1210.27% | 639.02% | 0.39x | 4.91x | CA$18.15 Million |
| 2021 | 0.00% | -364.43% | 0.17x | 0.00x | CA$-2.07 Million |
| 2022 | 0.00% | -5.59% | 0.20x | 0.00x | CA$29.46K |
| 2023 | 0.00% | -3931.99% | 0.02x | 0.00x | CA$-1.25 Million |
| 2024 | 0.00% | -1123.06% | 0.01x | 0.00x | CA$-1.03 Million |
Industry Comparison
This section compares Whitemud Resources Inc's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $49,314,810
- Average return on equity (ROE) among peers: -11.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Whitemud Resources Inc (WMK) | CA$-6.72 Million | 0.00% | N/A | $5.05 Million |
| Aftermath Silver Ltd (AAG) | $-553.41K | 0.00% | 0.00x | $185.75 Million |
| Aton Resources Inc (AAN) | $-1.13 Million | 0.00% | 0.00x | $49.79 Million |
| Arbor Metals Corp (ABR) | $1.00 Million | -16.27% | 0.02x | $10.75 Million |
| Asiabasemetals Inc (ABZ) | $717.72K | -45.73% | 0.05x | $4.67 Million |
| Adex Mining Inc (ADE) | $-30.95 Million | 0.00% | 0.00x | $27.09 Million |
| Alphamin Res (AFM) | $367.40 Million | 27.47% | 0.33x | $1.30 Billion |
| Silver X Mining Corp (AGX) | $38.37 Million | -47.47% | 0.73x | $148.73 Million |
| Amarc Resources Ltd. (AHR) | $14.00 Million | 5.93% | 0.01x | $148.33 Million |
| Almonty Industries Inc (AII) | $39.75 Million | -36.45% | 3.85x | $4.73 Billion |
| Aldebaran Resources Inc (ALDE) | $64.54 Million | -3.09% | 0.01x | $332.39 Million |
About Whitemud Resources Inc
Whitemud Resources Inc. engages in developing and marketing of kaolin and metakaolin products in Canada. It offers EnviroPozz metakaolin, which is processed from naturally occurring kaolin clay into a dry and off-white fine powder cementitious material. The company was incorporated in 2005 and is headquartered in Calgary, Canada.