Headwater Exploration Inc. (TSX:HWX)

Headwater Exploration Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	142.69	146.05	175.45	114.7	76.77
Cash & Short-Term Investments	142.69	146.05	175.45	114.7	76.77
Cash Growth	-2.30%	-16.75%	52.96%	49.41%	25.95%
Accounts Receivable	56.22	41.14	42.24	30.1	4.98
Other Receivables	2.4	7.37	0.9	0.5	0.5
Receivables	58.62	48.52	43.14	30.6	5.48
Inventory	1.19	0.79	1.24	0.81	0.57
Prepaid Expenses	1.7	1.46	0.99	0.49	0.45
Restricted Cash	0.35	0.35	0.35	0.35	1.83
Other Current Assets	3.09	3.76	0.42	0.77	0.07
Total Current Assets	207.65	200.92	221.59	147.72	85.17
Property, Plant & Equipment	742.11	634.31	510.91	340.75	215.18
Other Long-Term Assets	2.88	1.11	2.24	0.34	0.34
Total Assets	952.64	836.34	734.74	488.81	300.69
Accounts Payable	70.85	73.72	71.4	52.97	4.11
Accrued Expenses	14.77	2.43	0.83	0.2	0.09
Current Portion of Leases	0.63	0.03	0.63	0.86	0.14
Current Income Taxes Payable	14.67	22.4	14.39	-	-
Other Current Liabilities	28	23.74	24.91	3.92	10.31
Total Current Liabilities	128.91	122.31	112.16	57.95	14.64
Long-Term Leases	2.09	0.81	0.24	0.7	0.3
Long-Term Deferred Tax Liabilities	55.36	49.86	39.95	4.78	-
Other Long-Term Liabilities	66.81	52.85	39.06	27.6	16.72
Total Liabilities	253.18	225.84	191.41	91.02	31.66
Common Stock	486.98	483.01	479.16	469.52	387.39
Additional Paid-In Capital	10.97	18.97	17.31	14.69	11.66
Retained Earnings	201.51	108.52	46.86	-91.85	-137.68
Comprehensive Income & Other	-	-	0	5.44	7.66
Shareholders' Equity	699.46	610.5	543.34	397.79	269.03
Total Liabilities & Equity	952.64	836.34	734.74	488.81	300.69
Total Debt	2.72	0.84	0.86	1.55	0.44
Net Cash (Debt)	139.97	145.21	174.59	113.15	76.34
Net Cash Growth	-3.61%	-16.83%	54.29%	48.23%	25.82%
Net Cash Per Share	0.59	0.61	0.76	0.52	0.53
Filing Date Shares Outstanding	237.77	236.67	234.04	223.73	195.41
Total Common Shares Outstanding	237.76	236.58	233.92	217.68	195.11
Working Capital	78.74	78.61	109.43	89.78	70.53
Book Value Per Share	2.94	2.58	2.32	1.83	1.38
Tangible Book Value	699.46	610.5	543.34	397.79	269.03
Tangible Book Value Per Share	2.94	2.58	2.32	1.83	1.38

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.