Westward Gold Inc
Westward Gold Inc., a mineral exploration company, engages in the acquisition, exploration, evaluation, and development of mineral resource properties in the United States. The company's flagship property comprises 100% owned the Toiyabe Gold project consists of 165 unpatented mining claims covering an area of approximately 1,340 hectares located in Lander County, Nevada. The company was formerly… Read more
Westward Gold Inc (WGLIF) - Total Assets
Latest total assets as of September 2025: $13.91 Million USD
Based on the latest financial reports, Westward Gold Inc (WGLIF) holds total assets worth $13.91 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Westward Gold Inc - Total Assets Trend (2018–2025)
This chart illustrates how Westward Gold Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Westward Gold Inc - Asset Composition Analysis
Current Asset Composition (March 2025)
Westward Gold Inc's total assets of $13.91 Million consist of 9.8% current assets and 90.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.2% |
| Accounts Receivable | $71.12K | 0.7% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2025)
This chart illustrates how Westward Gold Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Westward Gold Inc's current assets represent 9.8% of total assets in 2025, a decrease from 79.6% in 2018.
- Cash Position: Cash and equivalents constituted 8.2% of total assets in 2025, down from 52.3% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 0.7% of total assets.
Westward Gold Inc Competitors by Total Assets
Key competitors of Westward Gold Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Outback Goldfields Corp
OTCQB:OZBKF
|
USA | $13.40 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
McLaren Resources Inc
F:3ML
|
Germany | €29.32K |
|
PC Gold Ltd
AU:PC2
|
Australia | AU$18.12 Million |
|
4LE
F:4LE
|
Germany | €2.04 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
|
Bahvest Resources Bhd
KLSE:0098
|
Malaysia | RM430.12 Million |
|
Pearl Gold AG
F:02P
|
Germany | €9.26 Million |
Westward Gold Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Westward Gold Inc generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Westward Gold Inc is currently not profitable relative to its asset base.
Westward Gold Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.96 | 2.92 | 34.85 |
| Quick Ratio | 3.96 | 2.92 | 34.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.24 Million | $ 311.46K | $ 469.42K |
Westward Gold Inc - Advanced Valuation Insights
This section examines the relationship between Westward Gold Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.41 |
| Latest Market Cap to Assets Ratio | 1.20 |
| Asset Growth Rate (YoY) | 14.6% |
| Total Assets | $10.26 Million |
| Market Capitalization | $12.28 Million USD |
Valuation Analysis
Above Book Valuation: The market values Westward Gold Inc's assets above their book value (1.20 x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Westward Gold Inc's assets grew by 14.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Westward Gold Inc (2018–2025)
The table below shows the annual total assets of Westward Gold Inc from 2018 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-03-31 | $10.26 Million | +14.62% |
| 2024-03-31 | $8.95 Million | +10.03% |
| 2023-03-31 | $8.14 Million | +5.35% |
| 2022-03-31 | $7.72 Million | +493.97% |
| 2021-03-31 | $1.30 Million | +283.24% |
| 2020-03-31 | $339.28K | +37.40% |
| 2019-03-31 | $246.94K | +236.24% |
| 2018-03-31 | $73.44K | -- |