Headwater Exploration Inc (HWX) — Tangible Net Worth Ratio
Headwater Exploration Inc (HWX) has a Tangible Net Worth Ratio of 100.0% as of March 2026. This metric is calculated by deducting intangible assets (CA$0.00) from net assets (CA$757.57 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See HWX working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Headwater Exploration Inc Tangible Net Worth Ratio (1995–2025)
This chart shows how Headwater Exploration Inc's Tangible Net Worth Ratio has changed across 31 annual periods from 1995 to 2025. As of March 2026, the ratio stands at 100.0%, reflecting net assets of CA$757.57 Million with intangible assets of CA$0.00 CAD. See operational self-sufficiency of Headwater Exploration Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Headwater Exploration Inc (1995–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Headwater Exploration Inc from 1995 to 2025, covering 31 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Headwater Exploration Inc (HWX) total market value.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | CA$748.15 Million | CA$0.00 | CA$995.17 Million | ▲ +0.0 pp |
| 2024 | 100.0% | CA$699.46 Million | CA$0.00 | CA$952.64 Million | ▲ +0.0 pp |
| 2023 | 100.0% | CA$610.50 Million | CA$0.00 | CA$836.34 Million | ▲ +0.0 pp |
| 2022 | 100.0% | CA$543.34 Million | CA$0.00 | CA$734.74 Million | ▲ +0.0 pp |
| 2021 | 100.0% | CA$397.79 Million | CA$0.00 | CA$488.81 Million | ▲ +0.0 pp |
| 2020 | 100.0% | CA$269.03 Million | CA$0.00 | CA$300.69 Million | ▲ +0.0 pp |
| 2019 | 100.0% | CA$114.31 Million | CA$0.00 | CA$128.27 Million | ▲ +0.0 pp |
| 2018 | 100.0% | CA$111.70 Million | CA$7.00K | CA$125.30 Million | ▲ +0.0 pp |
| 2017 | 100.0% | CA$111.74 Million | CA$55.00K | CA$124.36 Million | ▲ +0.1 pp |
| 2016 | 99.9% | CA$93.80 Million | CA$103.00K | CA$104.62 Million | ▲ +0.0 pp |
| 2015 | 99.9% | CA$122.82 Million | CA$151.00K | CA$133.07 Million | ▲ +0.0 pp |
| 2014 | 99.9% | CA$154.27 Million | CA$200.00K | CA$166.27 Million | ▲ +0.0 pp |
| 2013 | 99.9% | CA$171.40 Million | CA$248.00K | CA$181.26 Million | ▲ +0.1 pp |
| 2012 | 99.8% | CA$148.80 Million | CA$297.00K | CA$157.98 Million | ▼ 0.0 pp |
| 2011 | 99.8% | CA$195.14 Million | CA$345.00K | CA$204.02 Million | ▲ +2.0 pp |
| 2010 | 97.8% | CA$263.55 Million | CA$5.74 Million | CA$289.75 Million | ▼ -2.0 pp |
| 2009 | 99.8% | CA$270.02 Million | CA$425.00K | CA$300.61 Million | ▼ -0.2 pp |
| 2008 | 100.0% | CA$271.68 Million | CA$0.00 | CA$321.40 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$200.42 Million | CA$0.00 | CA$240.19 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$131.47 Million | CA$0.00 | CA$151.62 Million | ▲ +0.0 pp |
| 2005 | 100.0% | CA$58.03 Million | CA$0.00 | CA$66.98 Million | ▲ +0.0 pp |
| 2004 | 100.0% | CA$16.93 Million | CA$0.00 | CA$22.73 Million | ▲ +0.0 pp |
| 2003 | 100.0% | CA$12.42 Million | CA$0.00 | CA$17.36 Million | ▲ +0.0 pp |
| 2002 | 100.0% | CA$12.57 Million | CA$0.00 | CA$17.24 Million | ▲ +0.0 pp |
| 2001 | 100.0% | CA$14.44 Million | CA$0.00 | CA$16.43 Million | ▲ +0.0 pp |
| 2000 | 100.0% | CA$3.71 Million | CA$0.00 | CA$3.85 Million | ▲ +0.0 pp |
| 1999 | 100.0% | CA$7.81 Million | CA$0.00 | CA$8.24 Million | ▲ +0.0 pp |
| 1998 | 100.0% | CA$7.72 Million | CA$0.00 | CA$9.04 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CA$4.56 Million | CA$0.00 | CA$5.28 Million | ▲ +0.0 pp |
| 1996 | 100.0% | CA$1.45 Million | CA$0.00 | CA$1.48 Million | ▲ +0.0 pp |
| 1995 | 100.0% | CA$75.41K | CA$0.00 | CA$104.00K | — |