Company DescriptionHeadwater Gold Inc. engages in the acquisition and exploration of precious metal properties in the United States. The company primarily explores for gold. It holds interests in properties located in the states of Idaho, Nevada, Oregon, and Utah. The company was incorporated in 2019 and is based in Vancouver, Canada.

How the Company Makes Money

Headwater Gold Financial Statement Overview

Summary

Headwater Gold is facing significant financial headwinds, with no revenue generation and consistent operational losses. While balance sheet positions are relatively stable, the lack of cash generation and high operational expenses pose risks to financial sustainability. Strategic adjustments are critical for improving financial health.

Income Statement

Very Negative

The company has consistently reported no revenue, indicating the absence of sales operations. The gross and net profit margins are negative, reflecting operational losses. The TTM (Trailing-Twelve-Months) shows a significant net loss, further demonstrating financial challenges.

Balance Sheet

Neutral

The company maintains a reasonable equity position with a positive equity ratio. However, the debt-to-equity ratio is low, indicating limited leverage, which could be a concern for growth financing. The overall financial stability is moderate, with a declining stockholders' equity trend.

Cash Flow

Negative

The cash flow statement reveals negative free cash flow, indicating cash outflows exceed inflows. The operating cash flow is positive in the TTM, but the free cash flow remains challenging, signaling potential liquidity issues.

TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-225.12K	-236.72K	-132.74K	-67.46K	0.00	0.00
	EBIT
-1.39M	-1.59M	-715.79K	-1.37M	-630.14K	-272.91K
	EBITDA
-3.37M	472.12K	-583.04K	-3.18M	-627.35K	-272.91K
	Net Income Common Stockholders
-3.62M	210.68K	-1.03M	-3.06M	1.19M	-415.12K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.39M	5.00M	4.35M	2.05M	3.35M	363.31K
	Total Assets
12.55M	10.69M	8.77M	5.78M	9.07M	1.08M
	Total Debt
279.50K	200.95K	335.68K	110.40K	110.40K	0.00
	Net Debt
-8.08M	-4.77M	-912.13K	-1.17M	-216.01K	-363.31K
	Total Liabilities
5.64M	2.30M	815.16K	269.69K	679.36K	76.24K
	Stockholders Equity
6.92M	8.40M	7.96M	5.51M	8.39M	1.01M
Cash Flow		Free Cash Flow
-3.41M	930.69K	-393.89K	-1.22M	-1.66M	-730.40K
	Operating Cash Flow
919.60K	1.00M	-349.06K	-1.16M	-438.34K	-267.46K
	Investing Cash Flow
-890.31K	2.87M	-3.02M	-1.72M	-1.50M	-462.94K
	Financing Cash Flow
1.48M	-186.36K	3.32M	-233.63K	5.99M	1.06M

Headwater Gold Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HWAUF		$15.47M	―	-46.92%	―	―	―
WG	59 Neutral	C$19.75M	―	-14.83%	―	―	38.07%
Sector *	51 Neutral	$2.02B	-1.19	-21.37%	3.64%	2.88%	-30.57%
KALO	45 Neutral	C$10.57M	―	-612.23%	―	―	57.00%
PMC	38 Underperform	C$11.10M	18.89	-55.36%	―	―	―
OMM	36 Underperform	C$10.48M	―	-50.38%	―	―	18.85%
SUIFF		$8.02M	―	-12.61%	―	―	―

* Basic Materials Sector Average

Performance Comparison

HWAUF

Headwater Gold

0.22

0.07

46.67%

TSE:OMM

Omineca Mining and Metals

0.04

-0.03

-42.86%

TSE:PMC

Peloton Minerals

0.08

-0.02

-20.00%

SUIFF

Superior Mining International

0.12

-0.02

-14.29%

TSE:WG

Westward Gold Inc

0.15

0.07

87.50%

TSE:KALO

Kalo Gold Holdings

0.06

0.02

50.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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