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Headwater Exploration (TSE:HWX)
TSX:HWX
Canadian Market

Headwater Exploration (HWX) Ratios

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Headwater Exploration Ratios

TSE:HWX's free cash flow for Q3 2025 was C$0.48. For the 2025 fiscal year, TSE:HWX's free cash flow was decreased by C$ and operating cash flow was C$0.39. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.32 1.61 1.64 1.98 2.55
Quick Ratio
1.31 1.60 1.64 1.96 2.54
Cash Ratio
0.94 1.11 1.19 1.56 1.98
Solvency Ratio
1.19 1.24 1.22 1.27 0.99
Operating Cash Flow Ratio
2.27 2.46 2.48 2.53 1.93
Short-Term Operating Cash Flow Coverage
56.56 158.05 0.00 0.00 0.00
Net Current Asset Value
C$ -80.56MC$ -45.53MC$ -24.91MC$ 30.19MC$ 56.70M
Leverage Ratios
Debt-to-Assets Ratio
0.01 0.02 <0.01 <0.01 <0.01
Debt-to-Equity Ratio
0.02 0.02 <0.01 <0.01 <0.01
Debt-to-Capital Ratio
0.02 0.02 <0.01 <0.01 <0.01
Long-Term Debt-to-Capital Ratio
<0.01 0.02 0.00 0.00 0.00
Financial Leverage Ratio
1.34 1.36 1.37 1.35 1.23
Debt Service Coverage Ratio
38.77 71.04 161.43 268.16 2.59K
Interest Coverage Ratio
90.98 98.97 104.30 237.21 2.00K
Debt to Market Cap
<0.01 <0.01 0.00 0.00 0.00
Interest Debt Per Share
0.07 0.08 0.01 <0.01 <0.01
Net Debt to EBITDA
-0.31 -0.34 -0.45 -0.61 -1.18
Profitability Margins
Gross Profit Margin
52.09%53.58%45.43%58.03%56.62%
EBIT Margin
38.03%40.00%48.10%46.22%26.67%
EBITDA Margin
59.47%60.15%76.35%62.82%50.10%
Operating Profit Margin
38.40%38.88%42.20%46.01%36.63%
Pretax Profit Margin
37.60%39.61%47.70%46.18%26.65%
Net Profit Margin
28.62%30.34%36.68%35.37%24.00%
Continuous Operations Profit Margin
28.62%30.34%36.68%35.37%24.00%
Net Income Per EBT
76.12%76.59%76.89%76.58%90.05%
EBT Per EBIT
97.93%101.86%113.01%100.38%72.77%
Return on Assets (ROA)
17.16%19.74%18.66%22.06%9.38%
Return on Equity (ROE)
23.75%26.88%25.56%29.84%11.52%
Return on Capital Employed (ROCE)
26.50%29.26%25.15%33.87%16.23%
Return on Invested Capital (ROIC)
20.05%22.34%19.34%25.91%14.59%
Return on Tangible Assets
17.16%19.74%18.66%22.06%9.38%
Earnings Yield
7.01%12.03%10.60%12.05%4.45%
Efficiency Ratios
Receivables Turnover
12.89 10.04 8.14 10.52 6.09
Payables Turnover
3.55 4.06 3.15 2.69 1.56
Inventory Turnover
264.15 241.19 294.69 154.77 102.65
Fixed Asset Turnover
0.78 0.84 0.67 0.90 0.56
Asset Turnover
0.60 0.65 0.51 0.62 0.39
Working Capital Turnover Ratio
11.33 7.88 4.53 4.60 2.38
Cash Conversion Cycle
-73.01 -52.01 -69.79 -98.43 -169.87
Days of Sales Outstanding
28.32 36.34 44.84 34.69 59.97
Days of Inventory Outstanding
1.38 1.51 1.24 2.36 3.56
Days of Payables Outstanding
102.71 89.87 115.87 135.47 233.39
Operating Cycle
29.70 37.85 46.07 37.04 63.52
Cash Flow Ratios
Operating Cash Flow Per Share
1.26 1.34 1.29 1.25 0.56
Free Cash Flow Per Share
0.36 0.40 0.27 0.15 -0.14
CapEx Per Share
0.90 0.94 1.02 1.10 0.70
Free Cash Flow to Operating Cash Flow
0.28 0.30 0.21 0.12 -0.26
Dividend Paid and CapEx Coverage Ratio
0.95 1.00 0.91 1.14 0.80
Capital Expenditure Coverage Ratio
1.40 1.42 1.26 1.14 0.80
Operating Cash Flow Coverage Ratio
21.80 20.25 360.23 329.76 72.04
Operating Cash Flow to Sales Ratio
0.50 0.51 0.71 0.62 0.58
Free Cash Flow Yield
3.46%6.01%4.30%2.60%-2.79%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
14.27 8.31 9.43 8.30 22.45
Price-to-Sales (P/S) Ratio
4.10 2.52 3.46 2.94 5.39
Price-to-Book (P/B) Ratio
3.28 2.23 2.41 2.48 2.59
Price-to-Free Cash Flow (P/FCF) Ratio
28.94 16.65 23.28 38.44 -35.81
Price-to-Operating Cash Flow Ratio
8.21 4.93 4.85 4.74 9.22
Price-to-Earnings Growth (PEG) Ratio
-2.23 0.39 -1.34 0.04 0.06
Price-to-Fair Value
3.28 2.23 2.41 2.48 2.59
Enterprise Value Multiple
6.59 3.85 4.08 4.07 9.57
Enterprise Value
2.37B 1.44B 1.33B 1.17B 915.83M
EV to EBITDA
6.59 3.85 4.08 4.07 9.57
EV to Sales
3.92 2.32 3.12 2.55 4.80
EV to Free Cash Flow
27.65 15.29 20.98 33.46 -31.87
EV to Operating Cash Flow
7.87 4.53 4.38 4.12 8.20
Tangible Book Value Per Share
3.16 2.96 2.59 2.39 1.99
Shareholders’ Equity Per Share
3.16 2.96 2.59 2.39 1.99
Tax and Other Ratios
Effective Tax Rate
0.24 0.23 0.23 0.23 0.10
Revenue Per Share
2.54 2.62 1.81 2.02 0.96
Net Income Per Share
0.73 0.80 0.66 0.71 0.23
Tax Burden
0.76 0.77 0.77 0.77 0.90
Interest Burden
0.99 0.99 0.99 1.00 1.00
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.03 0.04 0.02 0.13 0.20
Stock-Based Compensation to Revenue
0.02 0.02 0.01 <0.01 0.01
Income Quality
1.74 1.68 1.94 1.75 2.44
Currency in CAD