Headwater Exploration Inc.

Headwater Exploration Inc.verified

HWX.TO

Price:

$6.61

Market Cap:

$1.57B

Headwater Exploration Inc., a junior resource company, engages in the exploration, development, and production of petroleum and natural gas in the Western Canadian Sedimentary Basin and onshore in New Brunswick. It holds interests in the McCully Field located to the northeast of Sussex, New Brunswick; the Clearwater play located in the Marten Hills, Alberta; and the Frederick Brook shale gas prospect located in New Brunswick. The company was formerly known as Corridor Resources Inc. and changed its name to Headwater Exploration Inc. in March 2020. Headwater Exploration Inc. is headquartered in Calgary, Canada.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

1997-12-11

Stock Exchange

TSX

Ticker

HWX.TO

The Current Ratio as of September 2024 (TTM) for Headwater Exploration Inc. (HWX.TO) is 1.53

According to Headwater Exploration Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.53. This represents a change of 3.94% compared to the average of 1.48 of the last 4 quarters.

Headwater Exploration Inc. (HWX.TO) Historical Current Ratio (quarterly & annually)

How has HWX.TO Current Ratio performed in the past?

The mean historical Current Ratio of Headwater Exploration Inc. over the last ten years is 14.24. The current 1.53 Current Ratio has changed 977.67% with respect to the historical average. Over the past ten years (40 quarters), HWX.TO's Current Ratio was at its highest in in the June 2020 quarter at 109.41. The Current Ratio was at its lowest in in the September 2021 quarter at 1.18.

Quarterly (TTM)
Annual

Average

14.24

Median

9.54

Minimum

1.64

Maximum

37.10

Headwater Exploration Inc. (HWX.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Headwater Exploration Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 269.45%

Maximum Annual Current Ratio = 37.10

Minimum Annual Increase = -84.32%

Minimum Annual Current Ratio = 1.64

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.64-16.85%
20221.98-22.50%
20212.55-56.18%
20205.82-84.32%
201937.1055.45%
201823.8791.37%
201712.47-51.90%
201625.936.04%
201524.45269.45%
20146.62-8.67%

Headwater Exploration Inc. (HWX.TO) Average Current Ratio

How has HWX.TO Current Ratio performed in the past?

The current Current Ratio of Headwater Exploration Inc. (HWX.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.06

5-year avg

9.82

10-year avg

14.24

Headwater Exploration Inc. (HWX.TO) Current Ratio vs. Peers

How is HWX.TO’s Current Ratio compared to its peers?

Headwater Exploration Inc.’s Current Ratio is greater than Tamarack Valley Energy Ltd. (0.90), greater than Gear Energy Ltd. (0.95), greater than Cardinal Energy Ltd. (0.73), greater than NuVista Energy Ltd. (0.90), greater than Enerplus Corporation (0.70),

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