29METALS Ltd Working Capital to Net Assets Ratio
29METALS Ltd working capital to net assets ratio. 29METALS Ltd (29M) has a Working Capital to Net Assets ratio of 12.6% as of December 2025. Working capital of AU$55.99 Million (current assets of AU$262.08 Million minus current liabilities of AU$206.09 Million) is measured against net assets of AU$446.06 Million. A higher ratio indicates strong short-term liquidity financed by the equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of 29METALS Ltd (2020–2025)
Working capital to net assets ratio of 29METALS Ltd from 2020 to 2025. This chart shows how 29METALS Ltd's Working Capital to Net Assets ratio has evolved across 6 annual periods from 2020 to 2025. As of December 2025, the ratio stands at 12.6%, reflecting working capital of AU$55.99 Million against net assets of AU$446.06 Million AUD. See 29M days of operational coverage to measure how many days the company can operate on defensive assets alone.
29METALS Ltd Working Capital to Net Assets Ratio by Year (2020–2025)
29METALS Ltd working capital to net assets ratio by year from 2020 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for 29METALS Ltd from 2020 to 2025, covering 6 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see 29M total assets.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 12.6% | AU$55.99 Million | AU$446.06 Million | AU$262.08 Million | AU$206.09 Million | ▼ -8.6 pp |
| 2024 | 21.1% | AU$88.55 Million | AU$419.28 Million | AU$358.05 Million | AU$269.50 Million | ▲ +10.2 pp |
| 2023 | 10.9% | AU$46.15 Million | AU$422.34 Million | AU$306.66 Million | AU$260.51 Million | ▼ -6.0 pp |
| 2022 | 16.9% | AU$121.20 Million | AU$715.69 Million | AU$344.96 Million | AU$223.75 Million | ▼ -2.8 pp |
| 2021 | 19.7% | AU$151.77 Million | AU$769.54 Million | AU$351.84 Million | AU$200.07 Million | ▲ +11.8 pp |
| 2020 | 7.9% | AU$56.98 Million | AU$717.42 Million | AU$232.24 Million | AU$175.26 Million | — |