GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hi-View Resources Inc (XCNQ:HVW) » Definitions » Tangible Book per Share

Hi-View Resources (XCNQ:HVW) Tangible Book per Share : C$0.04 (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Hi-View Resources Tangible Book per Share?

Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Hi-View Resources's tangible book value per share for the quarter that ended in Mar. 2024 was C$0.04.

Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


Hi-View Resources Tangible Book per Share Historical Data

The historical data trend for Hi-View Resources's Tangible Book per Share 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.

* Premium members only.

Hi-View Resources Tangible Book per Share Chart

Hi-View Resources Annual Data
Trend Sep21 Sep22 Sep23
Tangible Book per Share
0.02 0.04 0.05

Hi-View Resources Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tangible Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.03 0.04 0.05 0.04 0.04

Competitive Comparison of Hi-View Resources's Tangible Book per Share

For the Other Industrial Metals & Mining subindustry, Hi-View Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hi-View Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hi-View Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hi-View Resources's Price-to-Tangible-Book falls into.



Hi-View Resources Tangible Book per Share Calculation

Hi-View Resources's Tangible Book Value Per Share for the fiscal year that ended in Sep. 2023 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(1.07-0-0)/23.2805
=0.05

Hi-View Resources's Tangible Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as

Tangible Book Value per Share=(Total Stockholders Equity-Preferred Stock-Intangible Assets)/Shares Outstanding (EOP)
=(1.06-0-0)/24.8867
=0.04

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.


Hi-View Resources  (XCNQ:HVW) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Hi-View Resources Tangible Book per Share Related Terms

Thank you for viewing the detailed overview of Hi-View Resources's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Hi-View Resources (XCNQ:HVW) Business Description

Traded in Other Exchanges
Address
422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4
Website
Hi-View Resources Inc is engaged in the acquisition, exploration, and development of mineral resource properties. The company's sole mineral property interest is the Ket 28 Option on the Ket 28 Property located in the Greenwood Mining Division in south-central British Columbia.
Executives
Steve Mathiesen Director, Senior Officer

Hi-View Resources (XCNQ:HVW) Headlines

No Headlines