Wescan Goldfields Inc
Wescan Goldfields Inc., a mineral exploration company, focuses on acquisition and exploration of properties in Canada. The company explores for gold deposits. It holds 100% interest in the Jojay Gold property consisting of five claim blocks covering approximately an area of 1,496 hectares; the Munro Lake Gold property consists of mineral dispositions covering 2,480 hectares; and the Fork Lake/Jas… Read more
Wescan Goldfields Inc (WEGOF) - Total Assets
Latest total assets as of September 2025: $19.80K USD
Based on the latest financial reports, Wescan Goldfields Inc (WEGOF) holds total assets worth $19.80K 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.
Wescan Goldfields Inc - Total Assets Trend (2004–2024)
This chart illustrates how Wescan Goldfields Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Wescan Goldfields Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Wescan Goldfields Inc's total assets of $19.80K consist of 77.6% current assets and 22.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 35.8% |
| Accounts Receivable | $362.00 | 10.2% |
| 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 (2004–2024)
This chart illustrates how Wescan Goldfields 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: Wescan Goldfields Inc's current assets represent 77.6% of total assets in 2024, a decrease from 88.2% in 2004.
- Cash Position: Cash and equivalents constituted 35.8% of total assets in 2024, up from 1.3% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2004.
- Asset Diversification: The largest asset category is accounts receivable at 10.2% of total assets.
Wescan Goldfields Inc Competitors by Total Assets
Key competitors of Wescan Goldfields Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Gold Royalty Corp.
NYSE MKT:GROY
|
USA | $740.52 Million |
|
Besra Gold Inc.
PINK:BESAF
|
USA | $41.56 Million |
|
Gold Fields Limited
PINK:GFIOF
|
USA | $10.14 Billion |
|
Guskin Gold Corp
PINK:GKIN
|
USA | $168.97K |
|
Kapa Gold Inc.
V:KAPA
|
Canada | CA$3.56 Million |
|
Mining Global Inc
PINK:MNGG
|
USA | $13.14K |
|
Matmown Inc
PINK:MTMW
|
USA | $1.29 Million |
|
Sichuan Rongda Gold Co. Ltd. Cl A
SHE:001337
|
China | CN¥2.13 Billion |
Wescan Goldfields 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 - Wescan Goldfields 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 - Wescan Goldfields Inc is currently not profitable relative to its asset base.
Wescan Goldfields 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 | 0.05 | 0.02 | 3.55 |
| Quick Ratio | 0.05 | 0.02 | 3.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-359.76K | $ -122.42K | $ 44.33K |
Wescan Goldfields Inc - Advanced Valuation Insights
This section examines the relationship between Wescan Goldfields 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 | 28.43 |
| Latest Market Cap to Assets Ratio | 28.56 |
| Asset Growth Rate (YoY) | -95.8% |
| Total Assets | $3.56K |
| Market Capitalization | $101.77K USD |
Valuation Analysis
Premium Asset Valuation: The market values Wescan Goldfields Inc's assets at a significant premium ( 28.56x), suggesting investors see substantial growth potential or unique competitive advantages.
Significant Asset Reduction: Wescan Goldfields Inc's assets decreased by 95.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Wescan Goldfields Inc (2004–2024)
The table below shows the annual total assets of Wescan Goldfields Inc from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $3.56K | -95.78% |
| 2023-12-31 | $84.36K | -61.87% |
| 2022-12-31 | $221.23K | +3345.38% |
| 2021-12-31 | $6.42K | -89.91% |
| 2020-12-31 | $63.65K | -47.18% |
| 2019-12-31 | $120.51K | -46.87% |
| 2018-12-31 | $226.84K | -20.88% |
| 2017-12-31 | $286.69K | -26.22% |
| 2016-12-31 | $388.58K | +342.86% |
| 2015-12-31 | $87.74K | +489.47% |
| 2014-12-31 | $14.88K | -67.17% |
| 2013-12-31 | $45.34K | -90.81% |
| 2012-12-31 | $493.55K | -81.38% |
| 2011-12-31 | $2.65 Million | -65.11% |
| 2010-12-31 | $7.60 Million | +1.11% |
| 2009-12-31 | $7.51 Million | -38.31% |
| 2008-12-31 | $12.18 Million | +1.76% |
| 2007-12-31 | $11.97 Million | +6.26% |
| 2006-12-31 | $11.26 Million | +43.47% |
| 2005-12-31 | $7.85 Million | +220.94% |
| 2004-12-31 | $2.45 Million | -- |