Headwater Gold (XCNQ:HWG) Total Assets : C$13.80 Mil (As of Nov. 2023)

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What is Headwater Gold Total Assets?

Headwater Gold's Total Assets for the quarter that ended in Nov. 2023 was C$13.80 Mil.

During the past 12 months, Headwater Gold's average Total Assets Growth Rate was 45.90% per year. During the past 3 years, the average Total Assets Growth Rate was 83.30% per year.

During the past 4 years, Headwater Gold's highest 3-Year average Total Assets Growth Rate was 83.30%. The lowest was 83.30%. And the median was 83.30%.

Total Assets is connected with ROA %. Headwater Gold's annualized ROA % for the quarter that ended in Nov. 2023 was 11.66%. Total Assets is also linked to Revenue through Asset Turnover. Headwater Gold's Asset Turnover for the quarter that ended in Nov. 2023 was 0.00.

Headwater Gold Total Assets Historical Data

The historical data trend for Headwater Gold's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Headwater Gold Total Assets Chart

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Total Assets

1.08

9.07

5.78

8.77

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Assets	Get a 7-Day Free Trial											8.13	8.77	13.80	15.56	13.80

Headwater Gold Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Headwater Gold's Total Assets for the fiscal year that ended in Feb. 2023 is calculated as

Total Assets	=	Total Equity (A: Feb. 2023 )	+	Total Liabilities (A: Feb. 2023 )
	=	7.957	+	0.815
	=	8.77

Headwater Gold's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	8.597	+	5.198
	=	13.80

Headwater Gold (XCNQ:HWG) Total Assets Explanation

Total Assets is connected with ROA %.

Headwater Gold's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	1.712	/	( (15.559	+	13.795)	/ 2 )
	=	1.712	/	14.677
	=	11.66 %

Note: The Net Income data used here is four times the quarterly (Nov. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Headwater Gold's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	0	/	( (15.559	+	13.795)	/ 2 )
=	0	/	14.677
=	0.00

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Headwater Gold Total Assets Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Headwater Gold Inc (XCNQ:HWG) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

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