Ardea Resources Ltd (ARL) — Working Capital to Net Assets Ratio
Ardea Resources Ltd (ARL) has a Working Capital to Net Assets ratio of -11.3% as of December 2025. Working capital of AU$-12.92 Million (current assets of AU$16.05 Million minus current liabilities of AU$28.97 Million) is measured against net assets of AU$114.80 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how financially flexible is Ardea Resources Ltd to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Ardea Resources Ltd Working Capital to Net Assets (2016–2025)
This chart shows how Ardea Resources Ltd's Working Capital to Net Assets ratio has evolved across 10 annual periods from 2016 to 2025. As of December 2025, the ratio stands at -11.3%, reflecting working capital of AU$-12.92 Million against net assets of AU$114.80 Million AUD. See Ardea Resources Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Ardea Resources Ltd (2016–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Ardea Resources Ltd from 2016 to 2025, covering 10 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see ARL market cap overview.
| Year | WC/NA Ratio | Working Capital (AUD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -56.4% | AU$-38.15 Million | AU$67.63 Million | AU$19.45 Million | AU$57.60 Million | ▼ -77.4 pp |
| 2024 | 21.0% | AU$11.57 Million | AU$55.17 Million | AU$16.03 Million | AU$4.46 Million | ▼ -1.1 pp |
| 2023 | 22.1% | AU$10.12 Million | AU$45.87 Million | AU$11.89 Million | AU$1.78 Million | ▼ -24.2 pp |
| 2022 | 46.2% | AU$22.66 Million | AU$49.01 Million | AU$24.06 Million | AU$1.41 Million | ▲ +29.3 pp |
| 2021 | 16.9% | AU$5.97 Million | AU$35.29 Million | AU$6.79 Million | AU$812.07K | ▼ -12.8 pp |
| 2020 | 29.7% | AU$9.71 Million | AU$32.70 Million | AU$10.46 Million | AU$742.96K | ▼ -3.7 pp |
| 2019 | 33.4% | AU$12.56 Million | AU$37.65 Million | AU$13.19 Million | AU$631.06K | ▼ -22.7 pp |
| 2018 | 56.0% | AU$21.53 Million | AU$38.43 Million | AU$22.71 Million | AU$1.18 Million | ▲ +32.9 pp |
| 2017 | 23.2% | AU$2.92 Million | AU$12.62 Million | AU$3.29 Million | AU$365.10K | ▼ -16.0 pp |
| 2016 | 39.2% | AU$5.58 Million | AU$14.24 Million | AU$6.00 Million | AU$418.00K | — |