Westgate Energy Inc.
Westgate Energy Inc. engages in the exploration, development, and production of oil and natural gas in Western Canada. The company operates Killam Property. It also holds a 100% working interest in six sections of mineral rights covering area of 1,536 hectares located in the Cold Lake Oil Sands Area, Alberta. In addition, the company focuses on Mannville Stack fairway located in East-Central Albe… Read more
Westgate Energy Inc. (WGT) - Total Assets
Latest total assets as of September 2025: CA$28.43 Million CAD
Based on the latest financial reports, Westgate Energy Inc. (WGT) holds total assets worth CA$28.43 Million CAD 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.
Westgate Energy Inc. - Total Assets Trend (2022–2024)
This chart illustrates how Westgate Energy Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Westgate Energy Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
Westgate Energy Inc.'s total assets of CA$28.43 Million consist of 9.9% current assets and 90.1% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 4.8% |
| Accounts Receivable | CA$350.75K | 2.3% |
| Inventory | CA$51.20K | 0.3% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$0.00 | 0.0% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (2022–2024)
This chart illustrates how Westgate Energy 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: Westgate Energy Inc.'s current assets represent 9.9% of total assets in 2024, a decrease from 47.5% in 2022.
- Cash Position: Cash and equivalents constituted 4.8% of total assets in 2024, down from 23.2% in 2022.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2022.
- Asset Diversification: The largest asset category is accounts receivable at 2.3% of total assets.
Westgate Energy Inc. Competitors by Total Assets
Key competitors of Westgate Energy Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828
|
China | CN¥1.85 Billion |
|
Daldrup & Söhne Aktiengesellschaft
F:4DS
|
Germany | €37.46 Million |
|
Velesto Energy Bhd
KLSE:5243
|
Malaysia | RM2.85 Billion |
|
ARCHER
F:8SW
|
Germany | €1.07 Billion |
|
Aban Offshore Limited
NSE:ABAN
|
India | ₹16.43 Billion |
|
ACT Energy Technologies Ltd.
TO:ACX
|
Canada | CA$458.00 Million |
|
Agri-Dynamics Inc
PINK:AGDY
|
USA | $144.28K |
|
AKITA Drilling Ltd
PINK:AKTAF
|
USA | $258.01 Million |
Westgate Energy Inc. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Westgate Energy Inc. generates 0.23x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Westgate Energy Inc. is currently not profitable relative to its asset base.
Westgate Energy Inc. - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.95 | 5.11 | 5.11 |
| Quick Ratio | 0.93 | 5.04 | 5.04 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-440.76K | CA$ 3.10 Million | CA$ 3.10 Million |
Westgate Energy Inc. - Advanced Valuation Insights
This section examines the relationship between Westgate Energy 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 | 2.58 |
| Latest Market Cap to Assets Ratio | 0.72 |
| Asset Growth Rate (YoY) | 43.6% |
| Total Assets | CA$15.45 Million |
| Market Capitalization | $11.17 Million USD |
Valuation Analysis
Below Book Valuation: The market values Westgate Energy Inc.'s assets below their book value (0.72 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Westgate Energy Inc.'s assets grew by 43.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Westgate Energy Inc. (2022–2024)
The table below shows the annual total assets of Westgate Energy Inc. from 2022 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$15.45 Million | +43.60% |
| 2023-12-31 | CA$10.76 Million | +2902.20% |
| 2022-12-31 | CA$358.49K | -- |